Member Info for MgBRG96

Differing opinions Rocklawn.

Have a real good deep dive into Block and what it has.

Morning all, this rise is a market correction as Block has been trading well below Cap, once news drops on project 3 and the CCS which is potentially behemoth this will rerate.

I agree with many on here this has the potential to 100 bag.

GLA Now is definitely the time.

I was invested here, Frontera and Block. Frontera is where it's at and seems a right off but following that debacle I bailed here as I just felt it was going the wrong way. Block didn't do so well in its first year but its transformed itself into what it is today and after getting spiked I did average down hard and am now sat on a half decent profit. For those liking oil and gas explorers and with what Block have in the pipeline some research into their four projects and CCS could rekindle faith in a sea of poorly run companies.

Thanks for taking the time to reply Shed, I've posted as I see this and the numbers for CCS at $3 dollars a ton I feel are realistic and achievable. What value do you put to it?

Thanks for raising your points as a potential debate because kicking this around can only be good.

I thought I’d drop some of my research notes, Block have significant acreage in Georgia onshore and has four high impact projects running virtually concurrently. The main project is Project 3 however an overview of the four projects are summarised in the March presentation

https://www.blockenergy.co.uk/wp-content/uploads/2024/03/corporate_presentation_2024.pdf

And

https://www.blockenergy.co.uk/wp-content/uploads/2023/12/black_sea_dec_2023.pdf

A recent addition is Blocks Carbon Capture and storage which is in addition to the other four projects. The numbers on this alone for a minimal net profit of $3 per tonnes have the sp based on their lowball project is 84pence a share.

There’s an interesting video here

https://vimeo.com/748840353

With a more in depth presentation here.

https://www.blockenergy.co.uk/wp-content/uploads/2024/01/co2_storage_and_low_carbon_gas_opportunities_georgia_dec_23.pdf

I'd agree true value for us as shareholders in this whole process is to be a partner with a farm in company that takes control on a farm in and we sit and take profit.

Either way if there was a vote I doubt we would have much of a say looking at the significant shareholder list.

We have to hope the company have a plan to get the most out of this. The CCS should be getting showcased by the company. $1 dollar profit per ton is worth 28 pence per share. Thats part of a quantum leap right there.

Scroll down the page I linked below Rocklawn and there you will find a raft of options due to expire June 24.

The warrants and options are worth casting an eye over, they're due to expire in June and I'm sure that the directors will be keen to secure them so news should land before 10th May.

https://www.blockenergy.co.uk/investors/significant-shareholders/

You're not wrong Mrnaddy100, there just aren't man shares in free float and as buying continues it's only going to get tighter.

The superb thing if that is the case grey badger is that people that are sat watching or moaning looking for a lower in seal their own fate.

I pray they suspend.

There are warrants and options due in June and the directors need to be 30 days clear before they can take them so were in potentially a very news rich period. The directs from what I understand need to have news out by 10th May 2024.

Morning Avi8r glad to see you're 'on guard' this morning.

I think you mean Basin scale (not sink)which is the area that is away from the drill locations (reservoirs) and from what I understand is about the geology, petrology and metrology of the wider acreage (basin). If the subsurface has similar characteristics to that of the drilled locations (the ones they understand already) they estimate that it will take 8.7 gigatones minimum of carbon but also by opening up the geology with fracturing I presume then the acreage will take more carbon. The 256million tonnes refers to what the project could take now. The 250 day mineralisation is highly attractive also.

So in summary the 256m tonnes are for the reservoirs they have a full understanding of. Considering there are other drills going on across other leased blocks you could determine that the geology is similar so an estimate way upwards of the 256 million tonnes is well worth considering value wise when selling it.

I note hepseal says the huge amount may not be utilised however CCS is an ongoing project hence why it's classed as offsetting over a period of time. Its says it can offset turkey for 20 years.

Meow.

They'll take 3m in a oner still. They're after shares.

I completely agree Shed however its the same bile about PH and the asset not long ago it was shares for salary..

There have been historical wrongs but this feels completely different now, four projects and a CCS says the management and directors are all over this.

If thats the case why would you ask faceless people these questions on a bulletin board. Surely if you're making an investment decision that isn't really wise?

They aren't attacks it's that these people and I include you in that are unable to do any form of research yourselves and come on here coat tailing and knocking the management when it doesn't bag.

Its mind boggling that people invest something that they rubbish and don't research.

Morning Hepseal, thanks for the attack, I didn't take it personally but just laughed instead.

The recent people joining have done very little research and other regulars have knocked this for a longtime, it doesn't matter what the company does it'll be wrong. There has been zero research by these people.

Why knock something you're invested in? I just don't get it but then people that bought in last week are crying because it's only risen by 30 odd percent.

In other news they'll take 3m shares in a oner well over bid.

I sense Maladoni you don't like the rise, how can a set of directors that have put to gather a well thought out four project plan with the GOGC farmed in on one of the four projects plus a carbon capture and storage project that can offset Turkeys carbon for 20 years under scrutiny?

I do agree that the shareholders saw the Scottish lot off but that included some institutional investors who are in here at multiples of the share price. They backed the current board.

If you can give us something that requires scrutiny I'd be more than happy to look as im sure would others but for the time being you really are the one being churlish.