Member Info for Hepseal

MgBRG96 - Maladoni bought in last week so why would he not like the rise, your observation does not make any sense.

Mal - You may remember AJW who used to shout down any poster who presented an alternative view - someone here has taken his place.

Last time we had production figures was the the Q3 Quarterly update but they have now stopped. Year end audited results have to be provided by 30th June. We already know from the first three quarters that year end Dec 2023 should produce record production figures and revenue. However, when they provided flow figures for the first five days of production on WR34 they only provided a boepd figure and did not specify how much oil was being produced but I think you are already aware of that.

Shedulike - Agree with your balanced post 100%

Maladoni - Welcome back Mal, with your past knowledge you have presumably weighed up both sides of the argument.

From RNS 2nd April:

"Beacon confirms that the rig mobilisation is on track with the rig due to arrive on location in mid-April with the sidetrack operation scheduled to commence the following week."

That sounds to me that the rig will probably arrive on site within the next couple of days,

We could of course get an RNS at any time but I think it is probably more likely at the beginning of next week to say the sidetrack operation has commenced.

Techno - I agree with Scotty - I do not believe there has been any "orchestrated stock bashing event" here as such, just comments and opinions of individual disgruntled investors.

BB - I totally disagree, Block are much, much further down the line than they were four years ago and it would be ridiculous to oust PH at this point in time in the middle of potential farm out negotiations. You now have to let the farm out process take its course and await the outcome but it will take time, if at Xmas the SP is still at 1p and there are no takers for a farm out then you may have a point.

My point was that the new NED, John Barker (RoleyBirkin) was keeping a close eye on who said what, etc on this board, If you check back RB did call out Guzzler on this board for allegedly misinformation and that is what Guzzler (aka stuie62) now says he was banned for, Draw your own conclusions.

Thanks Roger / Mikeepikee - Won't be holding you to the numbers.

The way I see it I would put the chance of the sidetrack being successful at about 85%.

Then its do we get a "modest" result (say 250 bopd), a "good" result (say 500 bopd) or an "very good" result (say 900 bopd).

I am hoping for a minimum of 500 bopd but would treat everything above that number as a bonus!!

Mikeepikee / Roger - If I average out your respective thoughts that would give 0.5p - 0.9p for 900 bopd - interesting.

Mikeepikee - do you have any thoughts on the SP if the flow rate was a more conservative 500 bopd?

Interestingly Guzzler now posts under a different name on ADVFN and says he was banned from LSE.

I suspect JP was probably banned as well.

I am not sure if you all realise that John Barker and " Roley Birkin" who used to post on this board are the same person - I thought some of you might find this post from RB from 11 August, 2023 to be of interest:

Stock bashing.

This scheme is usually orchestrated by online message board posters (a.k.a. "Bashers") who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libellous posts on multiple public forums...

JusticePillar has posted 418 messages on LSE - 418 posts solely on MOS - 100%

Guzzler has posted over 7,900 messages on LSE - 5,000 plus on MOS

Lothbury has posted 157 messages on LSE - 157 posts solely on MOS - 100%

Systemicbods has posted 217 messages on LSE - 217 posts solely on MOS - 100%

Lostmoney has posted 429 messages on LSE - 429 posts on MOS - 100%

Is this an orchestrated event and what may the implications be if so?

Roger - I assume you mean O.3p to 0.8p at 900 bopd.

What would you see the share price if the flow rate was say 500 bopd??

Block have up to 30th June to issue Final audited results.

2022 year end results were issued on the 11th May, 2023

2021 year end results were issued on the 1st July, 2022

Yes

Well known on this chat board

Good information Avi8R

"The report stated Georgia's gas reserves amount to 5.7 trillion m3 and went on to refer to Block Energy mining a large oil and gas field 30 km from Tbilisi using horizontal wells."

Re-assuring that Block are being specifically mentioned in TV news items.

Agreed T-bone

and have a good weekend yourself. and everybody else as well.

WhiteNight - ""The only way is up""

(I would normally back up a statement like that with a logical argument but I think I would be wasting my time here)

Agree

Yep, I do - Spreadex is actually a reduction though.

I reckon that the reason for stopping the Quarterly Operation updates could very well be the same reason they stopped the Project 1 drilling campaign, i.e the WR34 flow rates were less than expected and could well have diminished further shortly after the reported flow rates.

That said, no matter what your views are on PH you have to now let the Farm Out marketing campaign run its course. I agree with MgBRG96 that the company have done an excellent job in packaging up the various projects and putting them in the shop window but I still think the various stages of the farm out process and negotiations will take a considerable amount of time. For reasons put forward by Bobbby and others I think an offer for the company is a definite possibility. which of course could happen at any time.