Member Info for rlightor

Nothing has changed , we’re waiting on results from a few exciting projects. The only thing that has changed is a few sells none of which, in my view, are of significance. Another day tomorrow.

I think it’s also fair to say Block is fairly water tight on news. So if there was to be share movement it’s probably todo with the release of an RNS. My opinion only.

Realistically the volume of shares sold and bought is not huge, 8% down , make your own judgement on that..

Hepseal, I’ll take 250 days. I might live long enough to see the results. :-))

And Tony, thankfully they are not you! They have a huge amount of information that allows them to make an informed decision based on their investigations. The company is able to fund itself and is not just treading water.

Huge potential in major projects recognised as strategic by the Georgian Gvmt, one massive successful CCS pilot with an impressive parter making all the right noises and the other a farm out agreement, the value of each will raise our value by 10 -100x.

Bring it on!!

Tony, It was clearly explained why Block was not progressing further drills months ago, they decided instead to progress projects that would transform the company. These projects, CCS and the farm out, are progressing and it's time.

The company is now looking to improve its balance sheet with low hanging fruit , if the technology is there to use then let's use it . Time moves on and we should take advantage of any new technology, the company makes that clear intension in their mission statement.

Any company that doesn't look forward will trip over their old mistakes.

Good luck all invested.

Avi8r,

Yes I did read your very helpful previous post and detailed explanation . I maybe confused, I'm pretty certain Sequestration is occurring , the benefit of this is to significantly reduced ongoing costs and will make Blocks solution much more attractive, however, even with out sequestration ,which again I'm confident we have, we still have a huge CCS project.

I'm counting the days.

Good luck all invested.

Yes your probably right Bobby..

I'm expecting a half year report at the end of the month, maybe something in that or before will help us understand better.

The fact is that CO2 has been stored with no leaks seen, so in principle we can store CO2 , the question is at what cost, Sequestration will make it very attractive ?

Bobby, I read that as the CCS pilot is successful and will proceed, mineralisation is the icing on the cake. If that is the case then it's full steam ahead? Any thoughts on the contry?

The mineralisation of CO2 reduces the cost as ongoing monitoring will not be required if CO2 is locked, this is my understanding.

Another thing that came to mind relating to the next drill

.

I think I’m correct in thinking the reason Bloc had shelved any further drilling, was to allow them to redirect resources, money and people, to our other major projects such as the farm in and CCS. Has something changed in recent weeks to release some of that resource??

We’ve seen a farm in agreement signed recently which is now awaiting Gvmt approval, how about our other major opportunities??

Don’t shoot me just thinking out in my sleep.

Good luck all invested

Tony, if it keeps falling as you say every time somebody sells a few shares we'd be at zero by now, now what is your purpose??

Seriously, your like a broken record.

Now if you haven't anything to say of value, say nothing it makes you sound smarter..

The clock is ticking on a number of exciting opportunities, it's a matter of time before we see some of them deliver. Maybe a traditional oil drill, even though slim hole, is what we need to help gain the interest we deserve Success will certainly ensure we are financially robust, were are presently cash positive but an increase in oil production from another source will be excellent news. .

Out of interest, does anybody know what previous side tracks have cost?

Recent share activity gives me the impression that positions are being taken here. Significant share holders numbers have not changed with over 30% ownership back in May. Earlier reports showed significant ownership in the trading platforms increasing ownership above 50%. Maybe opportunists taking a position before further news comes out.

As we see CCs gaining momentum around the world , our CCs opportunity must at some point be lifted above the parapet, or is this already happening??

Still small volumes but if 6 million share buys can lift us 18% think of what the next step up would be on pilot completion and a signed deal.

Our time will come either CCs or farm out, each will have a huge positive effect on our market cap.

Good luck all invested, it's nearly the weekend!

Once news comes of the completion of the CCS pilot, which I add the science supports the theory very strongly and then the Gvmt sign off for the farm out of just one of our projects with a large E&P , with most likely cash up front and royalties people will up but they will have missed the boat by then.

You may call that ramping but it's supported by fact, you just need to read all that's out there.

We will see in due course.

Good luck all invested.

Plumbs.

The share price went up based on very good news of an agreement with a large international E&P agreeing to farm in. I'm not sure how other small caps would react to that type of update but I'm pretty sure blue touch paper would be a phrase used. Also consider the Carbon Capture partnership with a huge multi, I think it's fair to say our market cap for a company with so many assets and potential it's laughable.

I aint selling !!

Bring it on..

Well a rather large E&P company does and a large multi called Indorama. All in good time.

Spud, a comprehensive summary of Blocks options and the huge potential here. Thank you.

Maybe not being named as they are active in the data room working a deal..Oh I hope so..

Don't let me run away with myself please. Come on Stock Maiden I need you to p!@@ on my parade..:O))

Quite, my spider sensors are twitching,,,,,,I'll probably be wrong as usual. :o))

But imagine if we're right!!!

Awax, I hope you're right. It would make sense to me for a large international E&P to be interested in the lot rather than smaller chunks. I do hope the two are connected and farmed in as a single developer. It's getting very interesting/exciting.

Just for discussion . Has anybody given it any thought as to who might be looking to grow their production in Georgia?

BP comes to mind, having recently announced their plan to shift away from renewables and back to fossil fuels.. They have had a significant presence since 1996 in Georgia, an office in Tbilisi and own a lot of the transportation network in Georgia.

Just one that comes to mind.