Member Info for rlightor

"CCS Georgia Europe" refers to the carbon capture and storage (CCS) project in the country of Georgia, which is located in the Caucasus region and considers itself part of Europe, with an initiative in Block Energy's Block XIB field demonstrating a significant opportunity for geological storage and mineralisation. This project utilizes Georgia's unique volcanic rock formations, known as Middle Eocene Volcaniclastics, for the permanent storage of carbon dioxide.

Project Details

Company:

Block Energy is developing the CCS project.

Location:

The project is located within the Block XIB field in Georgia, specifically using the Middle Eocene volcaniclastics.

Method:

The project focuses on the mineralisation method, where CO2 reacts with water and mineralizes into solid carbonates, a process that is particularly effective in Georgia's unique geological formations.

Potential:

The project has the potential to store a large amount of CO2, with estimates for the basin scale reaching 8.7 gigatonnes.

Why Georgia?

Geology:

Georgia's geology, especially the abundance of zeolites and calcium-rich minerals, enhances the potential for effective and sustainable carbon mineralization.

Infrastructure:

The country possesses good infrastructure and low-carbon electricity, which are beneficial for advancing CCS technology.

Strategic Location:

Georgia's geopolitical position makes it an important strategic partner for Europe, further highlighting the significance of this type of project for the region's energy future.

Context within Europe

Member State:

Georgia is a member of the Council of Europe, reinforcing its connection to European political and social frameworks.

EU Aspirations:

The country's aspirations for EU and NATO membership also contribute to its strategic importance in the European context.

Regional Stability:

The UK's support for Georgia's sovereignty and territorial integrity, amid broader regional security challenges, underscores the nation's crucial role in the stability and security of the wider European region.

Great summary Avi8r.

I was going to cut and paste the AI summary off Google but it would only fall on the death ears of those wishing to spread a less positive msg.

It is a good summary though, AI seems to have it all there.

Good luck to all honest investors.

Bedex you don’t need to apologise.

Wow you guys are really out in force, you have all just made me so more confident about my investment. You’re so obvious 🤣🤣 I mean why are you here otherwise. Brilliant. Can’t wait.

Good luck this invested.

Interesting and don't read too much into it but for the past few days I've been getting above bid offers for sell over 500k. Somebody interested in buying them, .856p was latest. I'm going to hold on to mine..

Good luck to all invested.

Phew, I though we were all loosing the plot..

Awax,

I don't see any trades and our CEO begins with H. Am i missing something or is this a cryptic clue?

What are you guys doing. Up 1st thing in the morning to post your cheery notes. You make me laugh. What a life you live.

You do realise that thinking negative thoughts ultimately reflects on how you live your life. Good luck with that. 🤣

And your purpose is Tony? Your like a dog with a bone..

Great summary Avi8r. Good to read an informed summary.

My understanding is that we are only testing a small zone of the total available to us. Once the pilot is proved up, analysis of our wider field will run in parallel to the commercialisation of the 1st proved up project area.

We have come this far, sit tight, it's all coming together in my opinion.

Good luck to all invested.

I would expect that once they have proven up the permeability of our pilot area, the pilot will be a taken, the dye test should confirm that ( initial results look very good!). We already know that carbon is absorbed and converted in solid carbon compounds (fixed)..

All looking very good from my perspective, thorough testing before pilot is most important to ensure investors come with their ££s..

In the mean time, I would imagine Block and Indorama are actively looking for others with carbon issues as future investors in what should be a huge project.

AIM the Wild West of investing, good news all the same. I’m still hoping for a July update on ops 🤞

Tony maybe you’d benefit from reading a bit. I know you struggle with that but it’s all out there.

Better you do that first before you accuse others of being fools.

Sour Maiden. If it wasn’t for people (I struggle with that definition) like you beating up the share we may have got favourable rates but there you go.

It’s the weekend and the sun is shining, good luck to all you honest investors.

Prax, how do you know they are not? The CCS has been recognised by worldwide experts as potentially the largest in Europe. Now we are in the process of piloting the project to prove it up.

I believe a partnership is the best way forward for block and there no better than Indorama in my view.

Stockymaiden. If that realy is the best you have then I think you’re in the wrong job.

Now please give it a rest.

Just to add Tony , if you find it entertaining to see people lose money then you probably shouldn't be posting on these boards. You could probably better use your time seeking help..

I think some (new) posters appear to believe all those invested here have not done any behind the scene analysis and do not read or understood the RNSs that are out there. These posters seen to appear with a mission to save us from ourselves, or is that the case?

Tony, the share holders here mostly understand the risk and the past history, they also understand the significant potential here. They have weighed up the risk/reward and are comfortable with their investment decision.

Now as a new poster , who clearly hasn't read the past RNSs and probably can't be bothered to, those who have been here for a significant time find it kind of offensive when some newbie decides their mission in life is to teach us how to suck eggs.

So I ask you once again what is your purpose here, why have you suddenly appeared to save us all and can you read?

Stockmaiden, you really are a nasty piece of work, people like you should not be allowed to comment on boards like this.

Good luck to all those invested..

Tony have you read any of the RNSs? Maybe you should before making statements like your last.

Cash positive with the facility to increase their out put with cheap drilling if required. Unless you have more recent news?