Member Info for Hepseal

Morning Chesh
"she's gonna pop" - Do you mean Sarah??

Definitely drilling in the right spot now, as already indicated in RNS 28th Feb looks like next well will be KRT-45, in close proximity to the other producing wells.

Good News indeed.
Q1 Operation Update more than likely on Tuesday or Wednesday and I suspect this will be more Good News with no nasty surprises.

Agreed Toffee - as I have said before he is doing a SPOOF on City - even used the word DUDE in a post before it was taken down!!

As you say Rob we are now in an OK position and even allowing for natural decline we should be producing more oil in Q2 than at any time in Block history.

As posters below have indicated I think we will get news on future programme in Q1 update next week.

ROCKLAWN
"So what are we producing overall at the moment ... without having to go back over previous RNSs ... anyone?"

Q4 - Oil production was 27.4 Mbbls
Q1 - Based upon RNS information I am guessing around 30 Mbbls
Q2 - Based upon RNS information I am guessing around 45 Mbbls

Don't mind if I am wrong and it is more!!

I believe Justice Pillar is being sarcastic and is a SPOOF City poster.

The last time I said this my post was taken down??

Scrodingscat
"I doubt when Q1 results are released that we will be above previous production numbers peak"
I agree, however when Q2 results are released, Q2 results should be showing a 50% increase on Q1 results.

Well done Block Energy - A good flow rate and handed over to production team.

"So we're a glorified ticketmaster!"

That seems to be it, people buying a ticket / package / product etc with an NFT thrown in.
The NFT does not seem to be the important element.

"Anyone have any snippets any indications as to how things are progressing"

The Q1 Operations Update due at the beginning of April should include some snippets of how things are progressing - maybe more than snippets.

Rocklawn - yes, it is possible there could be news any time, but as stated before I would think it more likely that the next significant news will be the Q1 Operations Update during the first week of April.

"Any update regarding WR-B01Za is likely to come in the Q1 quarterly update" - AGREED

"I doubt much information will be provided." - One way or another I suspect we will know a lot more than we do now.

ok Guzz, you predicted that the IGS revenue was masking a stall in other revenue's.
What about Systemicbod's theory that the IGS revenue could be masking significant outgoings to IGS??

Ok Deeez, you are probably correct by a day or so, perhaps what I should have said is the "next meaningful RNS."

Have not posted here for a while but have been looking in.
I am guessing we may have to wait until the beginning of April for the next RNS, i.e. the Q1 Operations Update, I would assume this would coincide time wise with an update on the current well.

Extracts from Audited Results:
IGS provides MOS with content for the use on its various platforms
MOS invoices IGS for the gross monthly revenue and IGS invoices MOS for its portion of the total revenue, both on a monthly basis

As posted previously my expectations for each well are as follows:

WR-BO1 ST
300 boepd in line with JKT-01Z would be a GOOD RESULT
500 boepd would be an EXCELLENT RESULT

JSR-01 DEEP
Comprehensive understanding to support design of future wells would be a GOOD RESULT
Comprehensive understanding + a flow rate of say 300 boepd would be an EXCELLENT RESULT

From D Burton, TMS.
“…The #BLOE producing wells are holding steady, generating reliable revenues. Near term value triggers include the prospect of good results from WR-B01 ST, and news regarding funding for Project I…”
I agree.

Nice one Chesh

That Derrick bloke gets everywhere.

Who the heck is Shirley??

ps - Thanks for pointing out that Block Energy is not BP, very useful.