The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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
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
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.
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.
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.
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.
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.
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