Member Info for Hepseal

BB - That will be the Christmas presents sorted then!!

Irrespective of the current crisis, and with reference to the last RNS, we must be due an Operations Update RNS very shortly with regard to all the works currently taking place on site. This will need to be a fairly comprehensive statement and will have to be issued at the right time with the right information.

Apart from all the necessary facts and figures re current progress this will be an ideal opportunity to reassure the market with regard to the future of the company in the current climate.

Irrespective of the current crisis, and with reference to the last RNS, we must be due an Operations Update RNS very shortly with regard to all the works currently taking place on site. This will need to be a fairly comprehensive statement and will have to be issued at the right time with the right information.

Apart from all the necessary facts and figures re current progress this will be an ideal opportunity to reassure the market with regard to the future of the company in the current climate.

V111JAS - Hope you get you Buy on Friday - FACT: Five of Block's RNS,s during the last 12 months have been on a Monday!!

Agree Cautious, RNS update must be getting close now, who knows, could be in the morning!!!

There were 4 trades at 1.77p between 15.59 and 16.11, One of them was mine and it was most definitely a Buy.

I have just gone onto London Stock Exchange site and cant see any 1.5m trades today?

Another twitter post TODAY from Elias Jones:

"Also #BLOE is due a key update any day now."

EJ has done articles on BLOE in the past for Total Market Solutions

Twitter post yesterday from Elias Jones, Blogger / Financial Commentator:

"Had to add some Block Energy #BLOE stock at £7m Market Cap, fixed price and agreement set for the gas until 2022, with sales commencing Q2."

Hi V111JAS - just to add to your conservative assessment Block will have received some revenue from oil in the last year, according to my rough calculations they produced at least 25,000 BoO in the 12 months to the end of January from WR16, WR38 and Norio.

AJW - I would agree that we have some way to go yet before the all important RNS stating "First Gas Sold", however at least everything is progressing on site in that direction so it is only a matter of time.
I would assume that any RNS centred around the drilling of WR51Z would also include an Interim Operations Update on all the Gas infrastructure work currently being carried out.
Like Fuse7 I cant help thinking that an RNS could drop this week, possible as early as tomorrow morning!!!

Spudsoil - Agree with your excellent posts - BLOE is surely a company with relative strength when compared to some.

Thanks Sea7 - come on, own up, who was it??

I have to say that I agree with both Cautious and AJW on this occasion!

Cautious states that "it will only be good news that will move this share price forward."

AJW identifies what the good news is likely to be, "Gas monetisation from WR38z, WR51z, Wr16z and one other WR well yet to be identified."

For what it is worth I would anticipate an Interim Operations Update re progress on WR16aZ, WR38 , WR51 and the Gas Production Facility in the very near future, but of course I have been wrong in the past!

Sorry, Buy Out not But Out!!!!!!!!!!!!!!!

But Out was not mentioned, the text in the tweet was as follows:

"Potential deal and major technical partnership agreement on favourable terms to block energy"

The tweet also included an inference to a specific company but I must EMPHASISE that the tweet, for whatever reason, has been removed.

Fleeting reference to BLOE on latest podcast, presumably referring to tweet that was taken down he now says he is "refraining from making any further comments" but "stand by your beds". ??????????????????????????

Sea7 - Good summary.
I would have thought we will by necessity get an Operations Update RNS on the 3 WR wells in the near future, however unless the news is particularly good (or bad) this may only cause a ripple in the share price.
The RNS that will make a significant difference to the share price will be the announcement in say 3 months time that the gas is now online and monetised.
The other announcement in due course that will hopefully have a significant effect will be the conclusions of the 3D seismic survey and how this affects the future programme after WR51.
(see you got your 3.5p!!)

Hi Sea7 & Ezhik - Thanks - on a personal level I don't mind if you beat me, from a financial point of view I hope you don't !! - but good luck anyway.

Lets also not forget the twitter post on Thursday that was subsequently taken down.

You can still read the text on this board if you go back to Thursday 13.12 (the original tweet that was taken down also
included reference to a specific company)

As AJW says this was probably a completely false rumour, however I can not help thinking something is going on as there is usually no smoke without fire.

Even if above is a total red herring, with the rumour mill and all that is brewing since the last update, I think there is a good chance we will have an RNS in the morning.

I would hope that any RNS will continue to put emphasis on the future gas revenue to counteract current market sentiment.