Member Info for Hepseal

Mike originally posted the following question re 16AZ: 'We know this has reached 300' how do you know? Please enlighten me ?????

I gave my opinion on that simple question in the post below (Wed) based upon the most recent information provided by the Company and its Directors, i.e. "it seems perfectly reasonable to me to assume that 16az continues to flow at a rate of at least 300 bopd or more for the foreseeable future".

Mike not surprisingly goes off at a tangent, does not agree and has called me naive - if I was naive I would have said that 16az was flowing at 500 bopd - it hope it is but at the moment we do not know the current flow rate - neither does Mike.

We all know that 16az may have encountered problems but Mike continues to rubbish every piece of information provided by the company, the question is - who has the most credibility - Mike 31 or the Chairman of Block Energy ??

From Mike: 'We know this has reached 300' how do you know? Please enlighten me ?????

RNS 26 July stated that 16AZ had produced at an average rate of 295 bopd since production resumed.

The RNS also stated that the company was gradually increasing production to establish a sustainable flow rate.

Both PH and PD in their interviews in August reiterated that they were gradually increasing flow rates.

If 295 bopd was the average flow rate at the time of the RNS then the flow rate at that time must have been at least 300 bopd or more if the flow rate was increasing.

Furthermore an e mail from Justin at Block Energy on the 21 st Aug stated that due to the imminent forthcoming agreement with BAGO to take the gas and the fact that there is a Gas Flaring permit for 16AZ until December there should be no need for any break in production from 16AZ .

Based upon the above information provided by the company to date it seems perfectly reasonable to me to assume that 16az continues to flow at a rate of at least 300 bopd or more for the foreseeable future.

Extract from Oil Man Jim on BLOE twitter this evening:

"The #bloe share price is likely to now start moving higher..."

Simon T

Extract from yesterdays RNS:

Well 38Z is analogous, adjacent and updip to well 16aZ, where Block resumed production last month (RNS: https://bit.ly/2SRUO2l).

No mention of shutting well down and why would there be based upon what we have been told.

Simon T - I Have posted below the e mail you refer to - the key sentence surely is - "Our gas flaring permit extends to December".

Thanks for your enquiry. Please see our answers below:

'The RNS of the 17th April states that the “Associated Gas Production from 16az will be sold to BAGO” – Is this still correct?'

Yes.

'It is also stated that BAGO will start purchasing gas within 8 weeks of signing contracts – Is this imminent?'

Yes. Bago gave us the estimate for eight weeks and all is on track. All of the critical elements of the contract have been agreed.

'I understand that you are currently flaring gas from 16az under a temporary permit – when does this expire?'

Our gas flaring permit extends to December.

'Will the current oil production from 16az be continuous from hereon or will there have to be a break in production between the end of the temporary permit and the tine when BAGO are in a position to take the gas?'

The extension of our gas permit should ensure there is no need for a break in production.

Hope this helps.

Kind rgds,
Justin

--
Communications Officer
Block Energy Plc | www.blockenergy.co.uk

Thank you to AJW / DJM 1 / Papillion for informative and sensible posts this morning re 16aZ and WR38. Not withstanding the hiccups re 16aZ everything appears to be moving along as planned regarding the bigger picture with lots of news to come during coming months.

Ezhik

What absolute rubbish - I am not going to waste my time explaining why.

Thanks Sieveco - If you have not already done so you may wish to read my post yesterday 22.08 on similar lines re Philip Dimmock video.

Cautious and others - I believe you are being to cautious re your assumptions on flow rates from 16AZ

I have just watched the Phillip Dimmock interview of approx two weeks ago and in my opinion any flow rates during the initial testing period in April are a separate matter to the production testing flow rates.

Not withstanding the fact that production recommenced on the 11th July PD says that 16AZ actually started producing in June "stepping up the rate from the start" therefore in my opinion I believe the average figure of 295 bopd refers to either the overall production period from either June or from the 11th July but either way the flow rate was increasing over this period not decreasing. If 295 bopd was an average over this period then the rate at the time of the RNS would have been more than 295 bopd. Furthermore, Block stated that they intended to increase the production rate gradually from the time of the last RNS. Which ever way you look at I would be very surprised if the current production rates do not exceed 295 bopd by a reasonable margin.

Also, ref the recent communication from Block we should be producing and selling Gas from 16AZ to Bago by December at the latest.

Also, also, if Block have encountered any technical problems with 16AZ then hopefully they will put this knowledge to good use on well 38 and subsequent wells.

Al looks good to me.

Should have read:

The 6.8p trade @ 8.14 is definitely a Buy, NOT a sell, I suspect the 6.8p trade @ 8.20 is also a Buy.

The 6.8p trade @ 8.14 is definitely a Buy, NOT a sell, I suspect the 6.8p trade is also a Buy.

The water is currently separated at the off site storage facility and injected into the ground - this is explained by PH in the Proactive video 7th August.

For the avoidance of doubt, Justins replies to my questions re Bago below:

'The RNS of the 17th April states that the “Associated Gas Production from 16az will be sold to BAGO” – Is this still correct?'

Yes.

'It is also stated that BAGO will start purchasing gas within 8 weeks of signing contracts – Is this imminent?'

Yes. Bago gave us the estimate for eight weeks and all is on track. All of the critical elements of the contract have been agreed.

The actual response I received from Justin to my two most important questions were as follows:

'I understand that you are currently flaring gas from 16az under a temporary permit – when does this expire?'

Our gas flaring permit extends to December.

'Will the current oil production from 16az be continuous from hereon or will there have to be a break in production between the end of the temporary permit and the tine when BAGO are in a position to take the gas?'

The extension of our gas permit should ensure there is no need for a break in production.

Justin did not use the word "reapplying" in his response to me. Personally I can not see what the problem is - seems quite straightforward to me.

MMR post @ 10.30 and PP10 post @ 10.44

Just to say that I am in total agreement with both of your views.

AJW - Did not expect to get one - you have confirmed what I thought - wont be wasting anymore time on him.

I am new to this board - who are you and what are your objectives?

As you know on Wednesday evening and Thursday morning, trying to be helpful, I posted my first posts on the Gas Flaring / Oil Production situation - quite simply an extract from an email from Block Energy answering my questions.

Checking your posts for yesterday;

8.22 - called my post "fake news".

8.31 said my post was "blatantly designed to mislead".

8.42 said post was "against LSE rules"

8.43 called post "jibberish"

Cautious11 subsequently established from Block Energy that my post was in fact genuine and had the courtesy to apologise for having the original post taken down.

I trust you will do the same. - I await your APOLOGY.

Cautious - update - Chat board will not accept link so you will have to make do with what I posted before - If you still do not think it is genuine I suggest you contact Block Energy yourself. - and then apologise!!

Thanks for your enquiry. Please see our answers below:

'The RNS of the 17th April states that the “Associated Gas Production from 16az will be sold to BAGO” – Is this still correct?'

Yes.

'It is also stated that BAGO will start purchasing gas within 8 weeks of signing contracts – Is this imminent?'

Yes. Bago gave us the estimate for eight weeks and all is on track. All of the critical elements of the contract have been agreed.

'I understand that you are currently flaring gas from 16az under a temporary permit – when does this expire?'

Our gas flaring permit extends to December.

'Will the current oil production from 16az be continuous from hereon or will there have to be a break in production between the end of the temporary permit and the tine when BAGO are in a position to take the gas?'

The extension of our gas permit should ensure there is no need for a break in production.

Hope this helps.

Kind rgds,
Justin

--
Communications Officer
Block Energy Plc | www.blockenergy.co.uk
+44 (0) 207 997 6136

Cautious - Thank you very much for welcoming me to the chat board and then having my post removed thus denying other users the opportunity to read it - I trust you will give me an apology in due course.

You were all going round in circles talking about gas flaring, length of permits, breaks in oil production, etc so I thought I would ask Block Energy direct the relevant questions and below is the response I received from Justin.

If you copy and paste this link into your browser you will see the ACTUAL email received from Justin at Block Energy

https://piccollage.com/_cfTDO0Lj