Member Info for Hepseal

600,000 Buy @ 11.00 am

BT you may or may not have a point but Block have indicated production figures could be as follows:

OIL:
WR-38z - 150 BoOpd
WR 51z - 150 BoOpd
WR16az - 50 BoOpd
Norio - 26 BoOpd

GAS:
WR-38z - 1000 MCF/d
WR 51z - 1000 MCF/d
16az - 300 MCF/d

Bill - You are misquoting me again - nowhere did I say that 26,000 BoO (av 72 BoOpd) was commercial - I was merely pointing out that Block will have received some revenue in the first year to offset there development costs - however based upon the latest RNS I would hope to see in six months time a minimum daily oil production rate from Norio and the first three West Rustavi wells of approx 375 BoOpd + 1.3MCF/d of gas from WR - You never know, it may be more and the 3D survey results and the 4th and 5th wells this year may very well be the icing on the cake.

I have tried to keep to the facts with perhaps a bit of optimism but I already know you will reply to this message with your usual negative spin.

As for me I will be enjoying a roast dinner and a bottle of wine in 15 mins time.

BT you never ever post the full picture, eg:

You have ignored the oil produced in the last 12 months, i.e. approx 26,000 Barrels:

9,000 BoO - Norio/Satch
9,000 BoO WR16az (RNS)
2,500 BoO WR16aZ (min assumed Oct / Nov)
5,500 BoO WR38Z (RNS)

You have ignored the likely future gas revenue from WR16aZ, WR38Z and WR51Z:

WR-38z 1000 MCF/d
WR 51z 1000 MCF/d
16az ? 300 MCF/d

$4.3m revenue @ $5.24 MCF

Enjoy your curry mate, absolutely no point in replying to all the codswallop, personally I am off to get a couple of beers!!.

Totally agree Bobby, as far as BLOE is concerned I am totally relaxed since the last RNS.

Sea7 you have confirmed what I thought yesterday afternoon, although ignoring the temporary share price, and dissecting the recent RNS I believe more than ever that this little company has a good future ahead of it.

Bill - I do actually agree with you on something :

"I still think this share could have been at 15-20p right now had it not been for the 16az nonsense" - and I believe it will be in the not to distant future.

In my opinion the RNS in December drew a line under the events of 2019 and I have read this weeks RNS several times and believe the company are developing a very solid strategy for the future.

I know that you are no fan of PH but you must remember that without him there would probably be no Block Energy, he has been associated with GOG since 2014 and I would imagine he is the vital link between Block, GOG and GOGC.

Since the W16 situation the other main Director Nial Tomlinson has left the company and four new industry professional's have been employed to strengthen the company. in all departments. As an incentive these new employees have an option to purchase shares at 11p after a probationary period - seems fair to me.

So Bill, you may not get your 15-20p immediately, but I believe you will get it and possibly more if you hang around.

A couple of new photos on twitter within last couple of hours:

Upgraded suction screen system (left) expediting drilling efficiency at WR-51Z #bloe

Ha, Ha - very good - that's the end now.

BT - I did not need any Superior Powers to work out who you were - it was quite easy.

I agree Bobby, I know they were gearing up for W30 but if they decide to do a different well it will be an informed decision based upon the 3D survey and other knowledge gained to date. With the gas infrastructure in place they could possibly decide to do a lower risk / modest return well first to build up the cash flow before moving on to the higher risk / greater return wells. I would imagine we may have some answers to these questions in conjunction with the 3D Survey Report.

Bobbyrash - and of course future wells will be so much easier because the Gas Production Facility and the Bago pipeline infrastructure will already be in place so it should be all systems go.

Bill, now that we have established that it is you can I ask you a couple of simple questions:

Why do you now post under the moniker BTMakaveli ?? - Someone Machiavellian is sneaky, cunning, and lacking a moral code.

Why did you stop posting as MakaveliBT ?? - were you banned??

Why did you stop posting as Bill Tucker ?? - were you banned??

I think it is BTMakaveli (Bill Tucker ) who is trying to deceive us all. not AJW.

When he was plain old Bill Tucker I used to think he might me genuine, if a bit misguided, now I know for sure that he is not genuine.

Bobbyrash - did a little table of my own this morning and also had 7 million round figure in the bottom box.

Below is a copy of my post 18, Dec, 2019:

I assume "makavelibt" from two days ago is the same person and has now been banned.

Looks like he has been here at least twice before!!

I think that most of us new what the text should have read in the table but it is good that Cautious instigated the amended RNS.

But a little bit of Very Good News would be more than enough!!

Thanks AJW