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Feels like this could pop at any minute.

I've been here quite a while now, really believe this is going to be a massive year for BLOE.

So many near term catalysts.

£10mil MC is a joke.

Once the project 3 Farm Out is announced then the brake are off.

Oh god, stockmaiden is on here too. I have to deal with his terrible de-ramping on the BLOE board all the time

It took 19 weeks from announcement of project 4 to confirmation.

If we do the same for project 3 its puts us into mid April.

So hopefully not long now for news.

With a MC of £10mil and a free carry of £30mil of a project worth £billions there is a tremendous upside here

Wow your de-ramping is terrible.

Its being Farmed in and fully funded by an external company so zero dilution required

Great find.

The next stages of the CCS will start to add value, especially the feasibility study.

Once people get a real understanding of the size of the project the MC will explode.

Project 3 is the near term catalyst.

I think by the end of this year the MC will be easy in excess of £50mil.

A longer hold 2-3 years and the returns will be enormous

-Scale-up according to proved reservoir deliverability to manage risk, with initial potential of 100 MMCF/d rising to 200 MMCF/d with additional drilling

Just put those figures into chat GPT. 200MMCF/d is worth $1mil a day.

Putting the MC anywhere between $400 and $800 million.

Yes realistically it could take years to get to this, plus the Farm in company will take a cut etc.

But puts it into perspective of how undervalued we are at £10mil

Remember were trading well below NAV. The SP should be closer to 2p

Way Undervalued

Https://www.investegate.co.uk/announcement/rns/mindflair--mfai/interview-with-the-ceo-of-stylus/9472528

New RNS out, Stylus have on boarded 50 schools in Jan and growing exponentially.

Just a matter of time before you see a major re-rate here

This is exactly why I'm heavily invested. Great recap of project 3 from 4th March RNS 2024.

This is a pivotal year for BLOE as these huge projects are coming to fruition.

Just load up whilst you can

4 March 2024

Block Energy plc

("Block" or the "Company")

Project III Resource Upgrade

Block Energy plc, the development and production company focused on Georgia, is pleased to announce upgraded internal resource estimates for the Rustavi and Teleti fields.

Combined with the independently audited 2C recoverable resources on the Patardzueli-Samgori field, the total Project III 2C Contingent Recoverable Resource figure for Patardzueli-Samgori, Rustavi and Teleti fields now stands at over 2.77 TCF, with an estimated Net Present Value 10 ("NPV") of USD 1.65 billion.

Ticking up, once Project 3 farm in lands 1p will be a distant memory!

Huge upside with hardly any downside at only £10mil MC

So many catalysts for a major re-rate due this year.

Project 3 Farm in being the closest and largest. This alone should see the SP double/triple more or less instantly.

Project 4 development is also due to commence in 2026.

News on other licenses within Project 4 could surprise us

Ongoing CCS project could also be a major catalyst. They are making excellent progress with this project so far.

This is a long hold for me as this will be £100mil+ at some point over the next few years.

Agree, the MC is a joke. Trading 5x below NAV. Potential more than that with the succes of recent companies within their portfolio

For me the value in the underlying base production is that it keeps the lights on without constant dilution.

One raise in 5-6 years is pretty impressive for the AIM.

Its the other large projects that will provide major catalysts for BLOE and thats why I'm invested.

In 3 years time this could be plus 10x the price it is now.

When project 3 Farm out lands within the next few months this could easily triple.

Ok, I feel you're being pedantic.

Interim results 2025.

Average daily production of 483 boepd (1H 2024: 455 boepd).

Still more than most O&G micro cap companies that are trading at a lot higher value.

Plus the high impact projects worth billions.

You cant say BLOE is trading at true value.

I posted this previously as a good recap....

For any newcomers this is why BLOE is so undervalued and will be huge this year!

Currently producing 500bopd

This alone is worth more than current MC.

Only one equity raise in the last 6 years

Recent Farm out completion Project 4.

Work programme estimated at approximately US$95 million fully funded by Aspect Georgia.

And thats just one part of the licence. BLOE has 100% interest in 2 more licenses.

Non-binding farm-in offer from a large energy company on project 3.

News to come over the next few months regarding final sign off. This project is huge!

De-risk appraisal of 2.77 TCF of contingent gas resources (NPV10 of US$1.65 billion)

Then the icing on the cake is the CCS project, one of the biggest carbon capture projects in the world. Again worth Billions.

I think BLOE is very much under the radar.

Even with their current production 500bopd (which is more than most O&G companies) the MC is around half the price it should be.

Recent Project 4 Farm out US$95 million, although we only have a small slice of this.

Project 3 Farm out imminent, this field is absolutely massive and worth £billions.

Then the icing on the cake, one of the most stable Carbon Capture projects in the world.

All for £10mil MC, crazy!

I wish I had more funds as these are crazy low prices.