Member Info for Hepseal

Disciple13 - I think your prediction of monthly revenue will be a little bit out!!!

1 March 2022
Mobile Streams plc is delighted to announce its monthly revenue now exceeds $150,000 per month across all channels. This is an increase of 87.5% in monthly revenue since the Company's update on 1 December 2021.

If MOS give a revenue update on 1 June 2022 and monthly revenue is up 200% since 1 December 2021 that would make monthly revenue $240,000 per month.

Itacon - The real point of my post was not City's shareholding but the fact that ME and his gang (as you put it), Nigel Burton in particular, collectively own approx 15% of the company. That must mean something.

Well done City.

Also worth doing a recap on the shareholdings of the Directors and Employees within the company.

Nigel Burton 161,413,736 4.92%
Mark Epstein 103,036,017 3.14%
Tom Gutteridge 103,036,017 3.14%
Annabel Jamieson 104,564,181 3.19%
Charles Goodfellow 40,301,360 1.23%

Hawkspear - Not sure I agree with your logic, they have been loading up for two years!!! - as I said yesterday it tells me they need the cash to carry out the next drill, however, as I also said, the fact that they are constructing the connecting pipeline to W38 is a positive sign that things are going in the right direction.

Despite increased production and rising oil prices I suspect that Block have not had an abundance of spare cash at their disposal, the items purchased and the current pipeline under construction all have to be paid for so cash flow could be a reason for the long lead in time. That said, I am sure they will commence soon and the fact that they are constructing the connecting pipeline up front is a good sign.

Bobbbyrash - 500 bopd would be very good but the revenue would not be as much as you say for the following reason:

"Not all of the crude oil produced by the Group belongs to the Group, because, according to the terms of the Production Sharing Contract for each licence block, the state of Georgia is entitled to a share of the produced oil."

Above extract is from William McAvock, Chief Financial Officer, Block Energy plc

08:50:35 0.2998 8,335,241 Buy* 0.28 0.30 24.99k

GP Jersey are out but the Scottish Duo are still in:
Mr Alastair Ferguson 29,494,242 4.49%
Global Prime Partners (Jon Fitzpatrick) 21,616,264 3.29%

On the subject of contracts it is interesting to note in the RNS small print at the bottom they make reference to the Partnership with GFinity so things must be progressing on that front and I assume another announcement in the near future.

ps
Livescores - also now in house lock stock and barrel

Geowiz, I do wish your lights would go out.

Mystery Guy - Thankyou very much for your advice but I can see a slight flaw in your strategy!!

Rxdav
"Hepseal: So basically you're saying we're no further forward after today"

NO - I am not saying that at all - As I said earlier I agree with Madmanrob that we are making "Slow and Steady Progress".
The fact that they are constructing the gas pipeline between WRB1 and WR38 sends out a pretty positive signal that they expect the next side track to be a success - we just have to wait a bit longer

Rxdav:
"So at which point / milestone do you actually expect the SP to improve"?
After a successful sidetrack of WRB1 in conjunction with positive Q2 update IMO.

"Another 3 month wait will (given historical precedent here) see the SP drift lower."?
Possibly and/or Probably

"There have been more excuses made for the continuing underperformance of BLOE"
Who is making excuses??

I was the one who used to take AJW to task (who incidentally still posts about BLOE on twitter) - Strangely one of the last arguments I had with him was when he kept saying the gathering pipeline between WR38 and WRB1 was already constructed and I said it was unlikely - See todays tweet!!

IG - Put it this way, I have no reason to doubt the figures in the current RNS.
Having studied this mornings figures and read all todays posts I would summarise my views as follows:
I disagree with BigBoffer when he says that BLOE have issued a "Fantastic Update".
I agree with Madmanrob when he says that Bloe are making "Slow and Steady Progress".
I see the next significant milestone now as being the Q2 update in conjunction with WRB1 results - so a 3 month wait!!

Woby - City has always been totally up front on this board about the website being his, I think you will find that his earlier reply to Amtech was slightly tongue in cheek.

Hope so Chesh - GL

Earl of Aim - Just because our research does not agree with yours does not mean we are BLOE haters!!
My predictions for the Quarterly update.
OIL PRODUCTION for Q1 will, I predict, be up approx 50% on Q4
(Oil Revenue will obviously be dependant upon actual timing of sales, and after deduction of State of Georgia share.)
GAS REVENUE for Q1 will, I predict, be up approx 150% on Q4

Amtech - "MOS said the same on the 15th March that it was coming ‘shortly’, is shortly today, this week, next week or next month?"

Shortly is now MORE SHORTLY (excuse my English) - If for arguments sake it was 4 weeks from the 15th March then we can expect news anytime soon.

Yep Vid, I noticed that!!