Member Info for Hepseal

MP - yet more assumptions presented as facts!!

PS - Georgian Oil and Gas Ltd is registered in the British Virgin Islands

MP
Georgian Oil and Gas Ltd (GOG) is the Block Energy shareholder.
Georgian Oil and Gas Ltd (GOG) is not the Georgian Oil and Gas Corporation (GOGC)

Mal, where has the poem gone, must have been because the word you used did not rhyme with Ticker!!

MG - what a brilliant bit of research by yourself - always good to know who knows who, and of course if they are friends or not, etc, etc

TheRealMaka - Good morning Bill (Tucker).

Good Morning Sea 7 / Ezhik - I did post yesterday that Doc Holiday infers that the recent share price spike on Tuesday may have been something to do with the recent TW interview with PH - As the price went up did he say something positive? - I am surprised nobody else on this board was curious enough to pay the fee and find out what was said - that said I an not going to line his pockets myself.

Regarding the recent share price spike I suggested on Tuesday that this may have been something to do with the recent TW interview - Doc Holiday seems to agree with me!!!

Yes, the warrants have been exercised now but the warrants must have been issued sometime ago so this would have been known about at the recent fund raise and was not seen as a problem. With regard to keeping the lights on, the money is not going into the senior managements pockets by way of large salaries over the next year, it is as Warnz says going into building the business - all ok with me.

The tweet below was by Nacho
Joined May, 2020
1 MOS tweet (the one below)
6 MOS retweets

Cant help thinking the TW interview may have something to do with all this but then again does seem to be a strange medium to use when nobody here appears to know what was said.

Madman or possibly "Genius" - as MG says, suggest you read extended debate from yesterday.

Hi Mal, good to hear from you.
As I think you know I did sell up on the morning of April 7th and I did state my reasons at the time but I also bought back in a couple of times since when the price dropped below 1p. I hope there is still mileage in this share in the long term but I am afraid that my view of the current management has most definitely changed since the RNS of April 7th. Had things been different you could have used the donut van for your VE street party and made a few bob!

MG / PS / ORJ Excellent posts and debate on PPE - I agree with you all - I also raised my eyebrows when PPE was first mentioned, but not anymore.

Nicodelus63 - The Block Energy website shows Georgian Oil and Gas holding 11,140,000 - 2.82%
Of course they could have further reduced there holding but there is absolutely no evidence to say they have.

Prior to the April 7th RNS this chat board was occupied by about 20 regular posters, some of which had quite significant holdings. A lot of those posters have totally disappeared from this chat board since - ask yourself why.

I would suggest that some of the recent sells could be disgruntled private investors who are now investing elsewhere and also people selling who bought in for a punt when the share was less than 1p.

My understanding is there are two separate pipelines.
There is the BAGO pipeline downstream of the EPF that Bago are funding at their own expense and is already underway.
Then there is the pipelines that Block Energy are responsible for and that are required to connect the WR38 and WR16aZ wells to the EPF.
It would appear that this pipeline has not yet been started as on the 30th April the CFO stated that "The Group is in the final stages of negotiating to engage Bago LLC to construct a gas pipeline."
The EPF is to be sited adjacent to WR16aZ.
If you take a look at Googlemap you will see that it is quite a long route between the WR38 and WR16aZ sites and if this pipeline has not yet been started it is going to take a fair amount of time to construct.
I would ignore the fact that the pipeline was meant to be completed in Q2, we were previously told that gas would be monetised in December, January , February, etc, etc - none of which happened.

Hi Astec.
I agree they will be able to get on with other work but as far as I am aware, now that the original 4 well programme has been abandoned, the only significant site work that they are committed to is the EPF (when delivered) and the connecting pipeline.
The Schlumberger deal will be interesting and any future announcement regarding this will be significant, one way or the other. I suspect that this may be where some of the money has already gone because they must have had to pay numerous fees prior to making the Agreement i.e. possible additional payments to the 3D seismic consultants to combine the respective 3D surveys and appraise the overall situation.
GL

Having invested (on and off) and followed this company for the last 12 months I do not think progress will be anywhere near as quick as some of you seem to think:

Extract from RNS dated 30th April, 2020, CFO 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."

Work will not commence on the connecting pipeline until Block have finalised the contract and agreement with Bago .
No more oil or gas will be produced from WR16aZ or WR38 until the connecting gas pipeline has been constructed and connected up to the EPF which has still has to be delivered to site and installed.
(in order to conserve gas and avoid flaring).

In my opinion, I do not think there will be any gas sales until at least Q4, but DYOR.

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the successful completion of a placing (the "Placing"), arranged by the Company's Broker Peterhouse Capital, to raise £1,000,000 before expenses to support the continuing growth of the Group.



A total of 333,333,333 ordinary shares of 0.01p nominal value each ("Placing Shares") have been placed conditional only on Admission with investors at 0.3p per share, a discount of approximately 25% to the closing mid-market price of 0.4p on 5 May 2020. Each Placing share which will rank pari passu with existing Ordinary Shares will be issued with one warrant per share exercisable at 0.5p per share for a period of one year from the date of admission of these new shares to AIM, which is expected to be on or around 14 May 2020.

Amadan - I was quite impressed with your Buy, until I saw the other two that is!!!