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If I have understood the last RNS correctly the 20% was for the data side in June and only took into account the NET contract. Since that time two new contracts (Selbey Anderson and the Economist Group) have been added so that percentage should have now increased.
With regard to the SaaS initial customers who were typically receiving their first month free that time is now up and so we may very well have an RNS next week giving details of how many have signed up to a monthly subscription.
Hopefully we will see an increase in revenue from the various streams (no pun intended) accumulating month on month.
GLA

Tidied up text:

The Total Market Solutions article has been written by Justin Reynolds who is almost certainly the same Justin Reynolds that used to be the Communications Officer for Block Energy.

The Total Market Solutions article has been written by Justin Reynolds who is almost certainly the the same Justin Reynolds that used to used to be the Communications Officer for Block Energy.

Ha, Ha Ezhik, well I am OK at felling trees, but I am no expert at picking shares ! - that said I am learning who are the knowledgeable posters (I include yourself) and who are talking BS.

Hi BF

In the middle of cutting down a tree so just having a coffee break and replying to your post.

As Block are in cash preservation mode the only pipeline Block have committing to doing in the annual report is connecting up WR38 an WR16az to the EPF so I believe that is the pipelines in question.

The Chief Financial Officer talks about "revising" the sales agreement so as Block are currently in cash preservation mode I am guessing that one possibility night be that Block are trying to defer payment for the pipeline in lieu of future gas sales - as I say that bit is a TOTAL GUESS but there has to be a reason for the CFO making the statement.

"The Group is in the final stages of negotiating to engage Bago LLC to construct a gas pipeline and to revise the sales agreement for West Rustavi gas."

I would infer from that statement that the sales agreement is being revised in order to facilitate the construction by BAGO of the internal gas pipelines between WR38 and the EPF, etc

AJW - you are choosing to totally ignore the CFO statement in the Annual Report that was posted on the 18th May, 2020 - your choice.

BF - think this is what you were looking for - extract from CFO statement in Annual Report:

"The Group is in the final stages of negotiating to engage Bago LLC to construct a gas pipeline and to revise the sales agreement for West Rustavi gas."

Gary - nobody seems to be discussing your post re TW and the 4th June??
Surely the ZEN RNS of the 20th July has to be the factual??

oilsparten - well observed - although probably not that difficult!!

DD77 - If we sign up large numbers of free service launch partners, as I suspect we will, then I agree that 50% retention of a large number would be a success.

From RNS 6th July

Pricing:
"The SaaS Platform will offer a three-tiered pricing model based on a rolling monthly subscription."

Conversion rate:
" We are particularly delighted with interest in the product, as demonstrated by our signing over 30 launch partners already."

We will have to wait and see the conversion rate however I would assume the number of launch partners will have increased from the 30 of a month ago.

Below post from Mark B on twitter :-

"RNS this morning from #MOS - stage is now set for contracts to come in, fully funded into 2021 with 1.26m in the bank - watch this space, incredibly cheap at .26 and will see 1p in no time on contracts with established deal maker out in the field."

I agree, and that is why I bought a few more this morning on the drop.

pawnsacrifice
"Worth noting the last RNS split the debt owed and license application into two segments that look unrelated so we may well get separate outcomes on both..."
Yes - I had most definitively noticed that and also that negotiations regarding the debt are nearing a conclusion.
Highlander - a question please - In your opinion is it the debt in total that is disputed or just part of the debt?

Hi Hustler - I am not currently invested here so will probably get told to jog on by some but I have to say I do identify with most of your comments.
I was fully aware of the PH shortcomings last year re 16aZ but nevertheless thought he deserved a second chance .
After the £12M placing last year we were promised 4 new wells, fully funded. If we ignore 16aZ and assume only 3 of the 4 new wells were successful I was hoping we would achieve a conservative additional 600 bopd and 3 MMCF/d gas which should have produced a reasonable regular cash flow to build upon for the future.
When I discovered that at least 75% of the second fund raise had been spent and all we had to show was one new productive well with a combined flow from both WR16aZ and WR38 of 325 boepd (155bopd + 1 MMCF/d gas) I had had enough and got out.
That said, I have traded a few since and recouped some of my losses, but not all - before anybody says it I am not bitter and twisted, just stating a fact.
If the past is anything to go by I suspect we will shortly be labelled as the "Share Pee Take Basher Team" .

Hi V111JAS - I am not saying that BLOE does not have a future but they obviously will need to raise a lot more cash to progress, all the best with your investment.

Quote from MM on twitter:

"#MOS is all about the Data Intelligence platforms. Essentially a cashed up startup from 1 July (which is conveniently the start of the FY). £3m cap, ~£1.2m cash, and growing SaaS revs (hopefully exponentially!)"

Must say, I do like the sound of that last word, "Exponentially"

Trades on Friday:
Vol. Sold 100,000
Vol. Bought 900,000

I would further suggest Nico that you once again read the Bloe April 7th RNS and all the comments on this board immediately following that RNS (those that have not been deleted that is} for a balanced view on why the share price is where it is today - in my opinion the current share price is not just about what happened last year.

Another tweet from Myles - 12 hours ago:

TR1 due. Will probably up again as want to consolidate family positions.

Agreed, these business models trade on very punchy multiples. Key is launching the Insight platform properly and scaling up customer count.

Big name client wins for Streams platform will also help. #MOS

22-Jul-20 09:11:38 0.25 8,500,000 Buy* 0.23 0.25 21.25k