We would love to hear your thoughts about our site and services, please take our survey here.
Big delay on the Antonina licence after Myles said early 2024 hasn't helped. However I don't understand why that has stalled exploration plans on Toral. They were planning a combined campaign but surely better to crack on at Toral. It doesn't really matter that the MLA will take ages as we still have some more exploration to undertake before the PFS so no real urgency. I think it is the hold up on the next campaign and news about Antonina that is hurting us.
Sorry missed that Hep's. Yes a bit weird that it's taken so long to knock out the video and given that I think it is the CCS that is stirring interest it looks dated. As for the farm-in I could be accused of optimism bias but it's possible that the absence of forward looking opportunities in the video could mean the opposite. If negotiations are advanced would they rattle the cage of a partner by shouting about it? Just an alternative point of view.
On the plus side I've never seen PH so well lit. On the downside my 11 year old passing me on his way out the door, "What's that..... wait, do they really want to block energy?". Hope it's not a case of truth through the eyes of a child! :)
Looks like this was commissioned some time ago as I assume that's footage of WR-34Z being set up. I'm a bit disappointed that while it is more professional than the usual stuff it doesn't have anything on the CCS commercial opportunity or even a mention that it could cover our own CO2. Feel a bit like they've missed the zeitgeist here.
I'm a bit hesitant of adding to the full sale speculation as we really have very little evidence of it happening but I suppose leaving the licences to the Chinese would be the ultimate way to manage the geopolitical risk. Wonder if folk would prefer Bloe to up sticks and look elsewhere or just a final distribution to shareholders?
Looking at the trades at the time smaller sells were still going through above 1.9 so difficult to see how it could have been a buy IMO. Not a problem, bound to be some churn, we can't expect everyone to be here to see how the story unfolds. Will be interesting to see if we have another charge at 2.0p and whether it gets sold into. Without news the fireworks may be over for now so perhaps a quiet day? Nothing would surprise me - let's see!
"Prospect of a major net-zero industrial hub within central Georgia - of interest to the hydrogen, fertiliser, steel and refined petroleum products industries - close to the XIB license." Professor Eric Oelkers also mentions cement, HeidelbergCement have a plant in Rustavi for instance.
sure heps the figures and importantly pier comparisons make the ccs opportunity on our licence look astonishing. as i've noted before there are some metrics that we need before being able to value it precisely, not least how it will be financed, but back of a *** packet calculations look extraordinary.
One of the problems with ZM for regular investors is his following of traders. We had 100 trades on here today and that is high for us so you don't need many to be influenced by his predictions to affect SP movements. If he targets 2.10p would a devoted follower wait for 2.10p? Probably not as they would logically anticipate other sellers at that level. Anyway not moaning, we've had a great rise and it's up to Block to deliver the substantial news that will make charting irrelevant IMO.
For me it's all about news - we have a technical report supporting the case for a world class CCS opportunity. If they can deliver a credible plan to deliver it then more warrants will be held onto and demand for all stock will outstrip supply. Who knows, GO&G may even come up with a surprise on PIV.
Don't we need to factor in the capital expenditure to get the CCS operational? I can't find any estimates of that in the report though I am a bit uncertain as the report I'm looking at is dated Dec 23. The CCS RNS was Jan 24 is there anything more detailed out there that I'm missing? Certainly appears exciting but until we know scale of cash injection to get this going it's difficult to even guess what proportion of the project would go to a farm-in partner. On a more positive note I'd have thought it likely there would be government help if we can facilitate a net-zero industrial zone.
Professor Eric Oelkers makes the point that BLOE can also cover their own CO2 production as well as serving industries such as cement and fertiliser. Apart from the cash generative opportunities this should also take us off the naughty step for funds claiming to have ESG commitments. Interesting times.
Certainly it's potentially huge but all I know is that, as reported, we have storage capacity estimated at 256 million metric tonnes. I have no idea how much we'll have to share with a partner or how much the government will take or what the CCS rates to third parties will look like when we're eventually in a position to market our capacity. Like I said I'm full of optimism but just feel predictions are running ever faster ahead of facts at the minute. GLA!
Evening Mg - I'm not deliberately being the in-house curmudgeon for the day but just a couple of points. PII as an example can hardly be described as 'high impact' as despite numerous false dawns it's never happened. Also calculations on the net worth of the CCS project are entirely theoretical because we can't independently finance it. Cash is king and assuming we can attract a partner they will want a huge slice of the action. Having said that I'm invested and feeling upbeat but I do feel ,with respect to some enthusiastic posters that expectations are starting to get unrealistic.
Block have stated that they are looking for a farm-in partner to help them initially with appraisal wells on PIII, whether the intention would be for the same partner to have the clout to help develop the CCS as well I don't know. What I would say is that we have absolutely no evidence that anyone is looking to completely buyout BLOE or that they even want to be bought out.