Member Info for MgBRG96

Morning,

I see the AGM has been announced, I wonder how many of those tearing the company and its CEO to bits will attend to discuss how the they feel the company is being operated.

None is my bet.

Both these articles are well worth a read, Like everything agendas run riot both politically and on chat boards like this depending what people want to achieve.

https://info.imedi.ge/en/politics/1792/ruling-party-sec-gen-says-if-govt-sees-specific-steps-from-strategic-partner-there-will-be-no-need-for-transparency-law

https://1tv.ge/lang/en/news/statement-by-the-political-council-of-georgian-dream/

You put LMAO Bifoffer but you're not are you? You're in a spin because you're so underwater.

You also put your eggs in the Scottish contingents basket and we would have taken over from Scirocco and the company would have been rinsed out from top to bottom with placement after placement with associated fees the Scottish lot like to charge.

Block have four projects and a leading CCS project in the pipeline, I do believe a little more patience and we should see the quantum leap you and many others ridicule.

PH is doing an excellent from where I'm sat.

You say lots of people Bigoffer, that clearly isn't true as PH got voted to remain. Have you seen what happened to sirocco these last few weeks?

Firstly thats the alternative and secondly I actually think PH is doing an amazing job so would vote again for him to remain without contemplation.

I'm actually quite happy to let the dreampers do their thing. I closed my long CFDs a way below the high as I wanted to take the risk out of this and just own real shares.

Happy to take more real shares if it drops lower.

Investors time will come on this.

Im with you righter, this does have the feel that they're pushing for something more.

Its actually moves to the veto phase now so isn't through just yet.

A deep dive shows that the media slant isn't as correct as they make out.

Afternoon all,

These been some very interesting commentary on the boards with people revealing their hands and antics, even today some of our regular posters are attempting some very subtle ways to talk this down making me wonder if there really is just a few genuine investors in Block. So many postings have an ulterior motive. I was glad however to see Rocklawn reveal his true motives with his flakey posting now showing that he's played this depending on where he is sat, the anger wrongly directed at Chesh tells me that Rocklawn lost his shirt on that T20 and unfortunately didn't like Chesh being positive on Block.

Anyway another perspective.

https://agenda.ge/en/news/2024/39108#gsc.tab=0

Agenda.ge, 13 May 2024 - 21:44, Tbilisi,Georgia

Georgian Prime Minister Irakli Kobakhidze on Monday said he would meet James O’Brien, the United States Assistant Secretary of State for European and Eurasian Affairs on Tuesday to discuss visa liberalisation for Georgian citizens, a free trade agreement and direct flights between the two countries during the American official’s visit to Tbilisi.

The PM also said Government officials would also meet with chairs of foreign relations committees of Germany, Poland, the Czech Republic and Lithuania during their visits to the country.

He said the meetings “demonstrate our attitude towards international partners” and “desire to have a constant dialogue” with them.

The main thing is to see a proper, fair, dignified attitude towards our country. Our attitude towards our partners is always like this - always based on dignity, justice, [and] correct approaches. The main thing is to see the same attitude from our partners", Kobakhidze added.

The PM also said the delegation of the Foreign Affairs Committee of the German Bundestag included two unspecified lawmakers with whom it was “generally pointless to meet based on their past activities”.

These are not the most riveting of presentations, but its good to see the Ambassador in a positive mood despite the optics on the ground in Georgia and the general positive sentiment about the area.

They run for an hour and dont mention Block but it does separate the current drama on the ground in Georgia as a relative storm in a teacup and talks up the importance of Georgia as a regional player.

The Georgian Ambassador to the US gave opening remarks but had to leave as a “senior delegation from Georgia” was in the US. The Ambassador talks up the need for more US involvement in the area.

On 16th April 2024 the Davis Centre hosted a seminar titled “Georgia and US Black Sea Strategy. Video and transcripts have now been released. Ambassador Zalkaliani talks of the importance of more US investment in the area. Other speakers talk of separating current events around the “Foreign Agents” bill from the forward progression of Georgia as leading regional player and are generally upbeat on future prospects.

Ambassador opening rema

Agreed but have four projects and a CCS, the gas is worth 1.65bn$ and god knows what the CCS is worth.

Im sure 88e etc seems far more attractive than little ole Block with 725m shares and four huge projects and a carbon offset play.

The company has far better foundations than it had at the last huge rise to 17pence. The company has imo been expertly led and again just my opinion is on the verge of something transformational.

It would be great if the CCS became project 5, The MoU being non binding suggest to me that others are interested in exploring the possibilities.

Theres been fertiliser shortage since before Ukraine kicked off with the Ukraine exacerbating it so this could be incredibly well timed for us.

The CCS makes this highly attractive to global players.

It's also gas powered Bobby so you'd hope that any agreement would cover both ends of the plants production.

From the announcement:-

'This marks another important step towards Indorama long-term commitment to the Fertiliser sector. We have plans to inject further capital in coming years to ensure the modernisation of RA’s plant and expand its production capacity.'

I didn’t realise Indo only bought Rustavi Azot last year

https://www.indorama.com/news/60

https://forbes.ge/en/rustavis-azoti-gaiqhida/

Sounds to me Chesh that there are some disingenuous people upset about the decisions they've made.

All to play for on this imo.

Who are you buying through Rock? ive been trying buys and sells all morning with HL and IG and I can sell in volume but can't buy small or large amounts.

This is the English language version of the report, the last paragraph explains why this report was recently updated. I didn’t realize the author of the report is the current Head of Strategic Planning at the GOGC –

“The revised edition of this publication was precipitated by the impact that the COVID-19 pandemic and the Russian-Ukrainian war had on global economics, including the repositioning of players in the oil and gas market. More specifically, the necessity of fundamental restructuring of the trends dominant for the last two or three decades in supplying international markets with fossil fuels, which highlighted maximum financial profit while ignoring fundamental principles of preservation of the environment and energy security.”

https://erekle.uk/teimuraz-gochitashvili/oil-and-gas-2024.html?fbclid=IwZXh0bgNhZW0CMTAAAR2L-AwNGuKdnoparBCCMy3CikhKLoRsoJC_nMBay9DY7iCqS7AR9K5yOkM_aem_AWK6YjcUE1Z_lgg1qXSL7wEVaKOGzEv0fz83w3DW_TjpIZGf5ZOmkOQcch6hK1tokoNhz0hq7WwfFUQPp6jxpWTF

About the author –

https://www.linkedin.com/in/teimuraz-gochitashvili-8156b034/

For those having a look at Block this is worth a glance over, much of it is in Georgian but there's an English summary.

P415 is interesting – “In recent years, prospecting works to discover new deposits have been relatively active. Plans for the coming years envisage a significant increase in investments in oil exploration and production. In particular, it is planned to promote the activation of geological exploration works in the oil and gas prospective areas of the country, as well as the increase of the forecast annual total production. The main focus of activity has been shifted to the intensive production of field seismic exploration and exploratory drilling, including the discovery of new fields in the offshore areas of the Black Sea. Also, innovative technologies for oil extraction are being widely introduced on existing fields, which has already been reflected in a certain increase in extraction, as well as production of oil products, in recent years (see figure).546

In total, approximately 28.17 million tons of oil have been extracted in Georgia since the start of production until 2023.

The analysis of historical indicators of natural gas (free and associated) extraction shows that the peak of extraction (about 332 million m3 in 1983) coincided with the period of intensive oil extraction, however, the subsequent decrease in oil extraction caused a significant decrease in associated (associated) gas. In the last period, the total gas extraction indicators have been steadily changing within the range of 13-18 million cubic meters.”

This snippet caught my attention making me assume if the state working on block XII using Blocks drilling team?Block is mentioned directly on p416, probably elsewhere as well. Which translates to the following:-

Figure 5.4. Oil and gas extraction in Georgia, 1930-2023.

Exploration works for new deposits are relatively active

For the purpose of discovery in recent years. With plans for the next few years

A significant increase in investments in oil exploration is envisaged.

in prospecting and mining operations. In particular, geological research is planned

Promotion of work activation in the oil and gas perspective of the country

in the territories, as well as the growth of the forecast annual total production.

The main focus of activity has been shifted to intensive field seismic search

on production and exploratory drilling, including in the offshore areas of the Black Sea

in order to discover new deposits.

https://erekle.uk/teimuraz-gochitashvili/oil-and-gas-production-transportation-processing-and-use/full-text.pdf

I'm with Grower on this, there's been some serious buying over the last couple of weeks and again many will have done little research. This is due news but until then whatever is happening will continue but I do get the impression that there is a shrinking supply of shares so the weak, those punting and whatever the reasons will hopefully be left with whatever position they're in when news drops.

Many would take 25 pence however real value is way north of that value but is an excellent place to start negotiations.