Member Info for Hepseal

Regarding Oil Students - Extract from State Agency for Oil and Gas Facebook page, 5th June:

"Within the framework of the memorandum of cooperation signed between the State Agency of Oil and Gas of the Ministry of Economy and Sustainable Development and Technical University of Georgia, in order to provide the latest field information and share practical skills to students, on the basis of trainings organized by the Agency, STU students with lecturers and oil and gas 16a on the territory of western Rustavi with the representatives of Azi agency They visited the borehole, where the English company "Block Energy" operates successfully. Representatives from the company gave guests a tour of the license area and demonstrated how drilling operations run using new techniques and innovative technologies to significantly simplify jobs and reduce drilling costs."

Translation - I think they visited well WR16az

If you want to see pictures go to Piscator's post 14th August and scroll down facebook page to 5th June.

What I am hoping for Chesh is "bustin" the 1000 bopd (oil) by the end of the year with a bit of gas on top.

And it looks as though Block are anticipating it could be more than.

Shame that Guram is stood in front of the drilling program!!

Quote:

"The company says that by the end of 2023, the state share of production is expected to increase by 150%."

So, based upon current combined production of say 500 bopd / 600 boepd, if that increases pro rata by 150% then we could be talking in the region of 1250 bopd /1500 boepd total combined production before Georgia take there share.

Oh, that's nice, Geowiz has got an admirer!!

Good investment strategy Geowiz - Got any more tips??

So who is jrb?

A clue - yesterdays post at 22.03

Rocklawn - It was only two days ago that they tweeted from the well site so I don't think there is any reason to think the well is a dud.

Lothbury - Perhaps it was Roley that reported you, not Rowley!

Perhaps the share price has something to do with the fact that the market has absolutely no idea what the revenue has been from the NFT,s over the last six months, no idea what happened to the IGS contract, no idea what the revenue is from LiveScores now that it appears TS may have departed, no idea what the revenue is from the saas platform. etc, etc

Prior to that interview on the 30th Sept, 21 I sold a few at 0.6807p

At 12.42 today somebody sold at 0.0675p

A 10 bagger in reverse!!

Yep, nice to have the video updates.

Shed - With regard to more Technical Information:

Block are currently executing Project 1 - Phase 1 for the remainder of this year.

Block are also currently planning Project 1 - Phase 2 and plan to execute this in 2024

I am looking forward to an announcement later in the year giving us more detail on Phase 2 - As I have posted before I am assuming Phase 2 will be in Area 2 - but this is only an assumption, i'e 1/1, 2/2 etc.

Nice to see PH helping on the rig??

Unlike our current drill which will be a CRACKER!!

Lostmoney - just seen your comment regarding NBA top shots.

Presumably where they got the idea for the EFC Iconic Moments

The first drop of EFC Iconic Moments are still on sale @ $10 - anybody know how many of these were minted?

Only my opinion but I have to say I do think it is no coincidence that both City and Roley have been very quiet of late.

Bedex - a couple of points.

Yes, the CEO and The Chairman have remained constant throughout but most if not all other Senior Management within the company has changed. Perhaps the Technical Department has changed for the better?

"Top it all they have loaned the Company money" - who are "they" - The majority of the money was raised from existing shareholders with only approx £194,000 (12%) coming from PH & KS. In my view, as Ken Seymour was the Chief Operating Officer at the time I see that as a vote of confidence in the current drilling campaign.

Amtech - What they did publish last year on 4th August was Unaudited Revenue figures for year ending 30 June.

Louphill11 - I agree, not only have they got to grips with the drilling (as far as possible) but now they are drilling in the right spot. Like everybody else I would have liked things to have progressed quicker but they are getting there.

You might have a bit more down the back of the sofa shortly!!