Member Info for Hepseal

Mobile Streams have now updated the list of "significant shareholders" on their website and the two senior employees actually have more shares than I was aware of when I posted earlier today.
The Directors and Senior Management (NB, CG, ME, TG & AJ) now have approx 12.99% of the new total shares.
(also NB's family bought some shares in the recent placing - not included in the above percentage)

This was always known and although the issue price may appear low the salaries are relativley modest. I think I am correct in saying that the two other significant employees, TG and AJ, will also have the same 2.52% percentage holding as ME but they don't appear on the chart because they are not Directors, skin in the game as they say.

Not just you buying RT003 - another TR-1 today.
MM now on 4.63%
MB now on 3.01%
Hepseal - a few more!
Well done City.

Dont forget that in addition to China we have the various ongoing work with Quanta that City mentioned and also a large upgrade planned for the Streams product in Q2 which to quote ME will have higher price points and will hopefully reach a wider audience.

From RNS dated 3rd December, 2020:
"target an initial production rate of 550 bopd at each of WR-BA and JKT-1"

AJW - Unless I have missed the point somewhere what you are saying seems to be totally at odds with the target figures in the latest Block Corporate Presentation. That document refers to WR-BA as an OIL WELL and the target figures are 550 bopd and
0.31mmscf/d (55 boed) - hence the total target figure of 600 boed.

Agree Bobby, if Block achieve those figures with WR-BA and add it to the base production figures it will be the game changer. I think we have said this before but with all the knowledge, expertise, etc, etc that they have built up over the last couple of years they must surely have a good chance this time round.

Lots of GAS and a few barrels of oil to sweeten the pot ?????????????????????

Surely that should read lots of OIL and a bit of gas to sweeten the pot - Initial; target figures from Block Corporate Precentation below:

• Initial production rate: 550 bopd, 0.31 mmscf/d

Geowiz - You are once again MIS REPRESENTING the facts - You state that there has been a decline in production of 385 boed but 260 boed of this was due to the fact that WR16aZ has now been shut in.
(WR16aZ was producing 260 boed at the beginning of February - sourcre of information - Stephen James podcast production charts)

The cult of block - The good, the bad and the ugly!!

AJW - But you did not admit you were wrong until you had no alternative. You do have a lot of followers here and like Mal I do very much appreciate your Technical input but you do have a habit of shouting down anybody who questions what you have posted and you have done it to me on many occasions. I am not someone who has to win an argument, I merely want to get at the facts but I do not appreciate being called a "basher", or a "whinger" for that matter.
Anyway, lets draw a line under this and good luck with your investment.

Dont worry Afrim, I was called a "basher" a couple of days ago, if you look at my post below do I look like a basher??

Can't see who wrote the article but Justin Reynolds who some of you will remember was the Communications Officer for Block Energy often writes articles for Total Market Solutions - small world!!

Sea7 - so to summarise: -
February - March average was 573 boed
March average was 555 boed

AJW - So I am a Basher now, because I was trying to get at the truth!!!

Your quote : "I would expect that will be come more clearer in May when the WR38z flow result are published in say 4 weeks."

Right AJW, here is a challenge for you, I have done a lot of research on the flow data from ALL sources, RNS,s, podcasts, reports etc, I understand the word AVERAGE (so does PH) - I predict the stabilised flow rates from WR38Z when announced will be approx 325 - 375 boed.

Go on, have a go, I dare you, lets see who is closest.

(Mal, pink, mmmm!! - for what its worth IMO, the future in this share rests with the two new drill's later in the year which could in deed transform the company but I think there could be a few bumps in the road before then)

Anotherlambo - No, AJW has been saying that the 573 boed is the average flow from WR38Z, whereas you and me are both saying that the 573 boed is from all of the fields save for WR16aZ.

AJW - You are so wrong and all your followers are going to be very disappointed when they find out the truth at the end of the WR38 testing period.
As you say, DYOR - I have.

AJW - Quote - "The point still remains WR38Z on its own is producing an average production rate 573 boepd."

I think you will find that 573 boed is the average production from all the fields combined, not just WR38Z. - When you factor in the production from the other fields you will also find that the production from WR38Z actually dropped from approx 500 boed at the beginning of February to approx 400 boed at the end of March.

Spud, I basically agree with your post but not your conclusion, I am firmly of the opinion that the next reported figures from WR38 will be less than many expect for one simple reason, the use of the word AVERAGE in the RNS.
The February RNS quoted ACTUAL flow rates prior to 16th February.
The April RNS quoted AVERAGE figures over the total period of production.
The April reported figures were LESS than the February figures therefore at the end of March the ACTUAL flow rate is more than likely to have been LESS than the reported Average figure, if that makes sense.
Sorry, you probably did not want to hear that but that is the way I see it, but please DYOR and try and prove me wrong.

Hi Mal - That was a coincidence, just looked in - I understand what you were saying in your recent posts.
It was mentioned in the May, 2020 Annual Report that the gas deal was to be renegotiated, and I noticed it as well at the time, but I did not know what it meant and as far as I am aware the reduction from $5.24 Mcf to $3.26 Mcf was only announced last week, bit naughty I would say.
I started Friday off praising the new Corporate Presentation and am still of the view that it is an excellent presentation of more or less everything you need to know about Block and long term there is everything to play for.
However, also on Friday I spent a couple of hours doing a careful analysis of all the reported flow figures from the last few RNS's, from recent podcast presentations and from the Corporate Presentation. I am not going to reproduce it all here because it would take to long and I can anticipate what reaction it would get from certain quarters and the conversations would get silly. but IMO the situation with regard to the existing WR wells can be summarised as follows:
WR38 - Was producing approx 500 boed in February, AVERAGE since then approx 400 boed and could reduce down to approx 300 boed as indicated in Corporate Document.
WR16aZ - Was producing approx 260 boed in February, currently shut in and intervention originally planned for later in the year has been brought forward for reasons unknown, Target production figure 200 boed as indicated in Corporate Document.
All the above is based upon certain assumptions and therefore everyone should DYOR.
So, long term looks very promising but if past experience is anything to go on I don't anticipate the WOW RNS for several months from now regarding the first new well and some of the short term news regarding the existing wells may possibly not be received as well.
Only my opinion, yes, I did take a few shares off the table on Friday afternoon, but I am still invested here.
Lot of RAMPING going on!!!!