Member Info for Hepseal

Correction - 6,000,000

and a trade of 6,000,00 @ 29p has just been posted on London Stock Exchange today (actual trade time 14.01.51)

If anybody is interested, on Tuesday 13th I totted up that approx 12.2M shares were bought @ 38p

Thanks Chris - I am only a novice at this but pleased its not just me - but does look good.

I am pleased that they have bought at 0.5p but why would you not just buy on the open market @ 0.29p??

On the cash situation, even in these early days, I think most of the cash spent will be quickly replenished by the various income streams (no pun intended). Income from Content business/income from bespoke Data contracts (NET, etc)/new income from SaaS subscriptions.

Good Morning Chris
I note that the fully audited report & accounts for year end 30th June are due sometime this month - may be a bit premature but could possibly include a covering paragraph and update on recent events?

Jurado - "I'm trusting they have strategies to reach those who are though."

I am sure they have, they have a Chief Marketing Officer (Annabel Jamieson) and a Business Development Director (Richard Brinkman).

MG - the video is fine.
Streams had 55 launch partners from SME's (its target market - 36M)
The video featured 5 of these SME's
Not Richard Branson perhaps, but people who the target market can identify with.

Only words I know but tweet has a nice ring to it.
"Great to see the product helping so many people."
"It’s only the start"
"we‘re incredibly pleased with how it all went"
"Lots more to come..."

It's launch day! The future of your content just got brighter #sourcedbystreams

Good morning Hull - agree - think I am going to need a new lawn mower!

New tweet - @streamssocial
This tool drills through data, filters out the rif raf and provides deep insights within a few clicks - and launch is just around the corner! #sourcedbystreams

Well it could be - but in a positive way!

Exciting day ahead for Team Streams, it's all coming together. Head over to
@streamssocial
our new twitter account for all product updates, news and tips on our services.
@streamssocial
follow now! #sourcedbystreams #streams #mos #content

and a 4M trade @ 31p to round off the day (actual@15.46.24)

Totally agree - very simple stuff - but AJW added it into the figures when he replied to Geowiz.

NO - I do not agree there is more in the bank on the 30th September than there was on the 30th June.

The simple answer is neither of us know, however between the 6th April and the 30th June the cash balance reduced from $3,400,000 to $2,258,000 when they were mostly in lockdown so even allowing for the oil sales in August I think it is highly likely the cash in the bank on the 30th September will be less than it was on the 30th June.

AJW - I do not need to read the RNS again, I fully understood it.
YOU seem to be claiming that Block have $2.826,000 in the bank on the 30th September - I very much doubt it.
What you have done is to add the oil sales figure in August to the 30th June cash balance but failed to subtract any expenditure during the months of July, August and September including the deferred salaries in Georgia which Block have always stated would be paid once oil sales resumed.
There is obviously a mass of potential here in the future with the Schlumb deal and I am sure there must be something brewing in the background with regard to the Scottish contingent but in the short term it is obvious to me Block have a cash flow problem, even today they have announced they have paid for yet more services in shares. I think you are going to see a lot of twists and turns here during the coming year.

AJW - I am sorry but Geowiz is totally correct, they will be out of cash by next summer at this rate.

At the 30th June they only had $2,258,000 cash in the bank, £1.75M (not $2,826.000 as you say in your post).
The proceeds from the oil sales in August will have to contribute towards deferred salaries in Georgia.
There is unlikely to be any significant oil or gas revenue now until 2021 and when there is it will be fairly modest.
Outgoings since June will include the following:
Monthly salaries and running costs
Professional fees regarding acquisition.
Professional fees to EPF
Construction costs since June assembling EPF and constructing gathering pipeline from WR38 to EPF
DYOR (or do your own maths)