Member Info for Shedulike

Be careful what you wish for, Bidzina Ivanishvili is strongly liked to Moscow.

"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.

Yeah my best guess was that he was suggesting that they've battened down the hatches.

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.

I was kind of hoping Zak would stay out of this, if we break the curse this time something will truly have gone right!

It will also make us more investable to funds that won't touch straight O&G plays for ESG reasons, another reason why I hope the Geothermal isn't just stuck on the end of presentations to look good.

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?

Unbelievable :)

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!

Not a great believer in superstition & folklore but to be on the safe side don't risk summoning the spirit by repeating 'that' name three times.