Member Info for MgBRG96

I agree Grower wholeheartedly, ive looked at both 88E and also scirocco over the last few days and you have to be happy with the path PH and the wider Block team have taken this.

The company is in a solid position and whether it's a farm out or a sale the company is incredibly well positioned to do great things.

The CCS with the world wanting to be green is actually the jewel in the crown as it is also going to be used to enhance the hydrocarbon extraction.

I agree with BD6, some of you Avi8r, Rock, BO, shed et al for example have been on here and rinsed PH and the company demanding change for a longtime and also being pompous about what we've posted. Now you come on with you questions and demanding we answer.

May I respectfully suggest you wander off and do your own research as many on here have ridden the good times and the bad times but through research have decided that this is a highly viable play.

This looks increasingly promising as an investment case, the CCS on its own is potentially worth billions of dollars in its own right then theres the gas play which is 1.65bn$ net to Block.

Those getting in now who have a little patience should see a decent return on their investment.

The net profit from the CCS runs to multi billions of dollars which if they bring just 50% of it to market dwarfs the multi billion gas play on project 3.

The valuations even when paired back by 50% are just eye watering.

I'm sorry Bigoffer but you're nearly as deluded as Avi8r, if you think we'd have been here three years ago if it hadn't been for PH you need to take a look at the other options. Solo aka scirocco was decimated by those that wanted control here. That is what you voted for but luckily didn't get.

Look at the share price rise this week, this is purely down to PH and the Block team bringing a world class asset to the international oil and gas industry with a massive CCS that is worth billions on its own.

I wouldn't worry Kilgeever, the issue is this board has attracted trolls for quite some time now and LSE have on the whole got rid of most as they were incredibly disruptive. Unfortunately we still have a couple of posters left that attempt to disrupt. Avi8r is one, just take a look at his bi-polar esk posting and his history.

I think her gets a bit tired being 'on guard' constantly and comes on here to correct us all the time.

Anyway the research on Block has been great recently and the share price rise is also very welcome.

Scirocco have put out a RNS this morning, for those that have torn PH apart for his management of Block this is what you would have been looking forward to under the Scottish contingent.

https://www.lse.co.uk/rns/SCIR/proposed-cancellation-of-listing-1rp52r6vofs3dbs.html

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

'Meow'

I've been through the LAB energy and Blocks relationship but the family tree possibly widens into the following as the MD (M Llamas) of LAB has ties to Macquarie capital who have a company Wave Crest energy who in their own words 'will develop new infrastructure that expands market access to LNG in underserved markets enhancing energy security and providing access to lower emission fuels services. '

The Lab energy Geo science advisor Patrick Jakubowski prior to Lab was at CNOOC which happens to be the China national offshore oil corporation.

The other MD (P Bannister) as I've already posted has links to Schlumberger as he was a petroleum engineer.

What this potentially points to is a clever scripted way of getting the Chinese to assist in supplying gas to Europe and Turkey via Wave Crest whilst supporting and developing the belt road.

This is a pure conspiracy theory but never the less Block are certainly being supported by some very big hitting organisations.

Happy birthday rlightor, I hope the beers taste sweet off the back of Blocks small rise today.

Anyone in their right mind would take a run through the numbers, the CCS alone despite the cold water our intrepid aviator has attempted to pour on this is worth an awful lot of money to all those involved.

Good to see our global traveller is back spouting nonsense, Anyway Avi8r what did you do in the cruise Avi8r? 'Meow' or shout 'on guard' for the whole trip?

Something tells me you're an on guard type of fellow.

Anyway I'll fluff his numbers and do what most companies do I'll take the mid estimate and then I'll take 25% of that value and half the $20 a ton that Cenovus are getting. thats still £15.44 a share.

The numbers, quality and scalability of this project alone are huge and whilst I know Block will never get those valuations but it show the potential and how wildly undervalued the company is at todays prices.

Anyway lets not get to excited hey?

Rock if thats a dig at my figures have you researched or looked into the CCS netback figures? Theyre all over the internet and you could if you chose work backwards like I did.

The numbers when run back to small percentages are mind-blowing especially when PH and his team have kept the shares in issue to a minimum.

Who'd have thought that the shares for salary was a good idea when it was so widely ripped to bits.

Genius on all fronts imo as I reckon the management knew the potential. Good for them is good for investors.

I agree Grower the numbers are eye watering, from what I have researched its $60 per ton of co2 and block reckon they can store 8.7 gigatonnes (1 gigaton = 1 billion tonnes) so Block on their estimates can store 8.7 billion tonnes which at $60 dollars a ton is $522 billion dollars. Also the geology seems to be able to mineralise the carbon in 12 months.

These numbers are eye watering, I don't know if the figures are netback but let's just take 1% of the $522bn as net profit and it works out at $7.20 dollars a share? For the cynics let's take just 0 .10 of that and you're at 72 cents a share in pence thats 57 pence per share.

Crazy crazy numbers.

PH and the team have managed this impeccably imo.

Lab energy who Block contracted in are worth researching, just look at their live mandates, they've ongoing projects in Georgia and China

https://labenergyadvisors.com/projects

Then take a look at the team, one of the MDs worked for Schlumberger and then theres this chap who has an interesting background and location.

https://labenergyadvisors.com/team-michael-deng

It doesn't take long does it?

Agreed, Growers value is only for the CCS and PIII I believe and reflects a seriously discount price of the company valuation. The other projects haven't been valued however PH in the March presentation stated that the project had real potential value.

I agree Bobby a solid update from the company would be incredibly welcome.

The value potential here is huge, im just off listening to the March presentation again and have reviewed the presentation on the Block website.

This is a well thought out and developed project that hopefully is well on its way to fulling the company and its shareholder aspirations.

I agree with your valuation Grower and I've quartered the valuation and quartered again and still come up with 59pence plus my valuation was for PIII and CCS the rest I didn't bother to value.

There appeared to be a Georgian O&G news blackout so I'm hoping something serious is going on.

Personally I hope the Chinese just come in and seal the deal.

You're absolutely correct spellcheck got me as it wouldn't take gigatonne.