Member Info for Hepseal

The RNS on the 29th Jan envisaged sand-jetting operations and reinstalling rod pump would take 10-14 days

The RNS on the 12th Feb confirmed the sand-jetting operations were completed but reinstalling rod pump and resumption of production would be completed in the coming days.

In view of the above wording I think it is reasonable to assume that production probably recommenced approx 1 week ago and we are now just waiting to have a "stabilized and sustained flow rate" confirmed.

GLA

Olwi - You posted what I was thinking!!

Anyway, just to continue the theme, I am now hoping for"Good News" on Monday!!

I am sure that PH has been talking to other parties long before the Turkish Conference, during the Turkish Conference and after the Turkish conference, and furthermore they won't be restricting their reach just to parties that attended the Turkish conference, but the facts are as follows:

Date Of RNS: 12 Feb 2024

Title of RNS: Project III Farm-Out Process Commences

Yes Adam, exactly my thoughts, forthcoming RNS becomes ever nearer.

Piscator1

The Independent Engineering Report (IER) only became available on the 08 Feb 24 hence the following further announcement by RNS regarding the commencement of the Farm Out process dated 12 Feb 24:

"Block Energy plc, the development and production company focused on Georgia, is pleased to announce it has launched the farm-out process for Project III, targeting the development of a gas resource of strategic significance to the Georgian state through the appointment of LAB Energy Advisors Limited ("LAB Energy"), a leading independent energy advisory company."

Where do you get 4 weeks from, PH mentions a marketing campaign of 3-6 months which will have only just started so IMO if a farm in partner can be found I would say a minimum of 4 months from now and possibly a lot longer before they would be in a position to make any sort of official announcement - only my opinion.

Hi Louphill11

PH says it in the interview with the lady from Business Media Georgia - the December 2023 video is on the Block Energy web site - from memory I think it is towards the end

RNS about what exactly??

PH has said there will be no more Quarterly Operation Updates.

PH has said the Farm Out Marketing Campaign will take 3-6 months.

BD6Vant - ""Rest my case and await further first quarter updates""

Updates about what exactly??

PH has said there will be no more Quarterky Operation Updates.

PH has said the Farm Out Marketing Campaign will take 3-6 months.

We may have to wait 6-8 weeks for the ESP news but we will get some news regarding resumption of production in the coming days, possibly as early as tomorrow.

Drill??

I have a hunch that some funds from PRD may be moved over here today.

Piscator

1) You may think PH's time spent on his Antler Global project in Equatorial Guinea is irrelevant - I don't.

2) I am not ignoring anything or trying to mislead anyone - Perhaps you are trying to mislead people by suggesting a farm in is just around the corner and a forgone conclusion.

On the subject of "cash in the coffers" there is no point in posting revenue if you ignore expenditure, all will become apparent when the yearly report is issued around May / June but based upon H1 expenditure of approx $5.5M I can not see the cash balance looking very healthy.

I have to say the trade at 15.57 does look like a sell to me.

Techno - I don't know who you are but you are definitely not new to Mobile Streams.

76 posts in first two weeks of posting, 60 of them on Mobile Streams, most defending the company.

Yes, you have posted on other companies but that is just done to put us off the scent - the exact same tactic was used by a well known poster six months ago on ADVFN, except people saw through it.

Lostmoney (your post -19.31) EXACTLY - That was why I supported the Krunch acquisition at the time but we all now know that was not the complete picture.

Ah Mr Bassett is back, very strange you "Rock Up and Pop Up" in all these companies where Mr Birkin is a TR1 holder, - just a coincidence of course. - pull the other one.

Techno - Regular as clockwork you spring up to defend - you may like to check but from memory I believe ME's share from the sale of Krunch to Mobile Streams was £500,000 - half in shares and half in cash, so that was £250,000 cash - and you are now applauding him for buying £25,000 worth of shares - Get real.

For the record, I actually supported Mobile Streams acquisition of Krunch at the time as it seem to make sense to me but I think I was hoodwinked.

So if I have got this right, "Mobile Streams" were paying "Krunchdata" who were paying "IgniteAMT Ltd."

Yep, SP just crept up a bit on last Buy.

Sheep

I would agree with you that they should not make an announcement regarding flow rate until such time as they are 99% sure the flow rate will not decrease. If it subsequently goes up due to cleaning up that would not be a problem.

All the best