Member Info for Hepseal

Good sentence Bobby - "Block will rise again and be a lot stronger for it!" (I have thought that myself in the past - honest)

ps - somebody just bought 500.000 shares.

ADT1 - They also have to construct a "central gas processing facility", extract from last RNS:

The Company has engaged the services of North American oil and gas engineering consultants for the construction of an early production facility ("EPF"), which will include gas processing capability for West Rustavi. The EPF will initially collect gas from wells WR-38Z, WR-16aZ and WR-51Z, and will serve future wells drilled across the Field.

There was a tweet from Block about 3 weeks ago showing some manufactured gas equipment ready for shipping, hopefully well on its way by now.

AJW - Could be same contractor constructing both Block and Bago infrastructure - Just different sections being paid for out of a different purse?

13th August, 2019

ok Neil - on reflection I am not totally sure myself, however someone over on the ADVFN board does put up a case for why they were both buys. Glad to hear what others think.

and somebody bought 2 lots @ £1,000,000 today!

Exmex - My post from earlier this morning:

Just noticed that Roger McMechan, Technical Director, now appears on the Significant Shareholders list with 3,401,260 shares - 0.86% in his own name.
Checking back on a previous presentation these shares were subject to a transfer Agreement with Iskander Energy Corp. Obviously the transfer has now taken place.

I assume Iskander no longer appear on the list because if you subtract Roger McMehans shares they are now below 3% - but I am no expert in these matters!

Mal - I would have said your rationale is about right, with regard to the off site gas infrastucture they will be virtually connecting up two wells for a little over the price of one and hopefully double up on the gas flow from 1 MMCF/d to 2 MMCF/d.

Ha, Ha - Don't blow a fuse, fuse!!

Just noticed that Roger McMechan, Technical Director, now appears on the Significant Shareholders list with 3,401,260 shares - 0.86% in his own name.
Checking back on a previous presentation these shares were subject to a transfer Agreement with Iskander Energy Corp. Obviously the transfer has now taken place.

Cautious - RNS 30-Oct-19 to RNS 27-Jan-20 is three months not two weeks.

V111JAS - You Mumpet!!!! (only joking -see below)

Cautious - If you read my earlier posts you will see that I merely responded to your question -"Are Bago on site, not a clue and no proof of it"

Nothing more, nothing less, please don't attribute statements about what I may or may not think, I am perfectly capable of doing that myself. Anyway, I will repeat my answer.

As far as I am concerned I have seen enough evidence to reasonably conclude that the construction of the BAGO infrastructure together with the EPF is all under way. If there are unavoidable delays for whatever reason we will have to live with it but all parties, Block, Bago and the Georgian authorities will all want the gas to start flowing and to be monetised at the earliest opportunity.

Extract from RNS dated 27th Jan, 2020 - "Bago has also started on the installation of the pipeline infrastructure, which it is funding, necessary to connect the EPF to Georgia's gas distribution network."

Cautious, if you wish to clutch at straws and be negative that is up to you. As far as I am concerned I have seen enough evidence to reasonably conclude that the construction of the BAGO infrastructure together with the EPF is all under way. If there are unavoidable delays for whatever reason we will have to live with it but all parties, Block, Bago and the Georgian authorities will all want the gas to start flowing and to be monetised at the earliest opportunity.

Cautious - You asked the following question -"Are Bago on site, not a clue and no proof of it"

Extract from RNS dated 27th Jan, 2020 - "Bago has also started on the installation of the pipeline infrastructure, which it is funding, necessary to connect the EPF to Georgia's gas distribution network."

PH also stated this to be the case in the recent video.

So it is reasonable to assume that Bago have been on site for at least 5 weeks.

Hi Sea7 - I simply meant we know each other from the Bloe chat board!

Thank you very much for going to the trouble of sharing your extensive research and knowledge, I thought I had checked him out on linkedin but must have missed him somehow.

I quess there are going to be a lot of twists, turns and shenanigans with Zenith over the coming weeks.

Sea7 - we sort of know one another!! - being a bit cheeky here but reading through your past posts do you have an opinion which you wish to share on Dean Antony Clarks rather large shareholding??

Ezhik / Sea7 / Boffer - I don't mind if I come second, third or fourth to you chaps, as long as I beat the market and get a reasonable return I will be happy. Have a good weekend.

OK Boffer - you win - at least all three of us got a better price than SillyBilly was bragging about a couple of weeks ago!!

I bought a few more this morning at 3.47p with my pocket money!

Just noticed a recent 450,000 trade at 3.4p (mid price) I assume that is a Buy not a Sell.