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I have nothing against Zak except I can't remember him ever being consistently right, I'm sure he'd say that it didn't stay above the DMA hence it fell back but that's like saying it might go up or down. Anyway to contradict me dismissing his authority I did find this comment intriguing...... "Moving onto Block Energy which I haven't covered, or talked to the company for a long time either, there may be a reason for that". Probably nothing in it, I'll go back to the tea leaves.
It's actually not a bad thing to have a 'Devil's Advocate' figure lurking around, though it can get irritating when the motive is clearly to just be vexatious. I've heard from someone who should know that special forces often use the technique to stress test the planning of an operation. Perhaps they saw the work of you know who on here and poached them! Could explain the disappearance?
For balance while it is not difficult to find the last production figures (though I'm surprised anyone would invest without checking them), I'm not alone in being invested but not too happy with the abandonment of quarterly updates. The justification for that in the Dec Corp update (that it could put us at a commercial disadvantage with potential farm-in partners) does look a touch flaky IMO.
Maladoni I guess that scenario is completely open to personal speculation. We currently have a JV agreement with GO&G on PIV and are considering farm-in opportunities on PIII. If it doesn't happen the situation will be as it is now, what the consequences will be is impossible to say for certain. On the production figures I can probably be more helpful as I timed myself and it takes about two seconds to find them in the list of RNS's.
Genuinely not being a killjoy but I really don't see full buyout as being in anyone's interests, for me much more likely a JV bringing BLOE's expertise and experience on the licenses with a government approved entity to accelerate a net zero industrial plan. Georgia is a signatory to the Paris Agreement and are making ambitious noises on meeting their commitments, let's see what happens!
Thanks Kilgeever and Chesh. Let's hope PH has learnt some lessons over the years and he wouldn't throw around phrases like quantum leap without having good reasons for doing so. Like I said I remain hopeful but I don't share quite the same enthusiasm for PH's record as some.
I remain positive and am naturally pleased with this rise, albeit from abysmal levels. However I think some of the plaudits for PH are slightly premature. I was a fan of the strategy of incrementally increasing production to create a platform for the more ambitious projects but I think the jury will remain out until something concrete is presented to the market. We have also had mixed messages on the actual status of P1, encouraging on one hand to hear 'cash positive' but then a comment about possibly needing another well to maintain that. If history has taught us nothing else it should be noted that maintenance, declines and shut ins have undermined output and each new well hasn't had the impact we had always hoped for. By PH's own admission PI has failed to grow the mcap but clearly this CCS opportunity is getting some attention, I just really hope that there is some substance behind it and it's not some moonshot roll of the dice in the face of the modest impact of PI and non appearance of the promised PII. All in all we need more than words and tantalising pics of PH with Chinese Execs, that's great but as soon as you do that the clock is ticking on getting flesh on the bones. If we don't get facts, figures and signatures soon then this latest rise might prove frothy again.
Ah yes we used to call them tabs back in the day, I assume there can't be any non PC Transatlantic misunderstanding there. Let's see what they come up with, I would have thought anyone with the finance muscle are going to want a big chunk of it but maybe there could be some government help to mitigate that.
nothing wrong with a bit of speculation imo and all good fun but it's pretty difficult to estimate what a ccs project might mean to bloe until we know the terms of a farm-in or whatever mechanism they come up with to finance the project. still interesting times though and there might yet be government grants to get the ccs moving, maybe the geothermal also though i always get the feeling that there is an element of lip service when this gets mentioned at the *** end of a presentation.perhaps some legacy wells might be more suited to geothermal and others for ccs so we can contribute to georgia's net zero target on two fronts? for now it seems certain that they rate the ccs as the higher impact opportunity.
Lucky I still look in from time to time just to clear ups few loose ends - look boys have your fun but try to keep to the facts - just for clarity..... Denarius do not get 80% on the MLA being approved. Conditions following Option 1 (which incidentally isn't completed having not spent $4m and delivered a new PEA) hence as yet Denarius don't yet own 51%. For Option 2 (80%) requirements are completion of a compliant PFS and payment of $2m to EUZ, not a delivered MLA, come on fellas surely given the crap SP you can get your point across without deviation?
Let's be realistic - no major construction project happens without environmentalists expressing concerns, as is their democratic right. We have the backing of the authorities as evidenced by the acceptance of the MLA which allows the IP to run during the period of consideration. The MLA included all the necessary environmental studies, if it didn't it wouldn't have been accepted. Man made scars on the landscape such as the quarries that the Mayors want us to infill frequently create an opportunity for nature to find a way, look at central reservations on motorways all the way through to species that thrived following Chernobyl. It did amuse me that they cited Las Médulas as a site that could be threatened by the development of Toral, really? That was a mine itself exploited by a method known as 'ruina montium' where hydraulic systems basically dissolved the landscape. We're proposing MCAF underground mining where everything can be restored after the LOM. I also don't think that the argument that our mine might compromise 'hunting' is particularly cogent with claimed concerns over the local fauna :)
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