Member Info for Hepseal

Perhaps the confidence in PH is low because you lot keep going on about it.
For the record I was posting about potential problems as far back as 2020 and it was clear to me that quarterly flow figures would decline during 2021 which in fact they did.
That said, with the new well JKT-01Z contributing together with oil prices rising we are now on the upturn.
Just need confirmation of flow figures from JKT-01Z and another successful side track and the tide will turn.

Maidit308
"i remember we had lot's of argument about if MOS get any revenue
from Quanta gaming launch last year on this BB"
I don't think the recent acquisition includes the Quanta Netherlands Gaming Product - Quanta pay MOS £10,000 per month for use of MOS services on this.
It is the Live Scores services that we have taken sole ownership of, i.e Mexico, Argentina, Brazil and now Italy, India, Turkey and Africa. (The world!!!) So Quanta no longer have a share of revenue from live Scores. All good.

Spudsoil - That sums things up nicely, agree with everything you say, in particular the following sentence re JKT-01Z:
"the rhetoric around that sounded much more positive in recent communications so I’m expecting the rates to have stabilised at a healthy rate."
Could possibly have confirmation of this any day soon.

BB - Welcome back, you and me both have been on this board a long time.
I hear everything you are saying BUT IMO the fundamental reason (& you can blame PH if you like) is previous wells drilled have commenced with a reported decent flow rate and then within a relatively short space of time the flow rate has dwindled. Everybody mentions WR16aZ but as far as I can tell WR38 was just as bad.
The reason I am back in here at a bargain basement price is that I think that this time there is a good chance that JKT-01Z will be different and flow rates will be maintained - neighbouring vertical well in adjacent field has produced for 20 years - if we get confirmation flow rates are being maintained I think we will get a modest strengthening of the share price.
If we then have success with a second side track share price will tick up and if PH is still around he may very well be viewed in a different light.
I know all the negative stuff but I still have a bit of an open mind on the subject of PH, I get the impression he is the man with all the contacts in Georgia and he has certainly withstood a lot of pressure, lets not forget also that we have a couple of new NED's keeping an eye on things, one of which has been elevated to Senior NED.
Anyway, I don't have all the answers, just posted for a bit of balance.
GL (& Chesh)

Auc1 - that was exactly what I thought! All good though.

Cautious:
"I’m intrigued what they mean by these B2B (business-to-business) contracts…"

back to back??

Twitter:
"Korean press interview #SNT CSO Dr Athan Fox about the technical leadership of City Oil Field and Sabien’s intentions for taking this leading Korean technology to a global market. Sabien CFO, Ed Sutcliffe looks on."

and another:
"This is what fluid gold from polystyrene converted into bio fuel looks like. #SNT holds the rights to this remarkable Korean technology in UK, Ireland and Canada"

Another tweet:
"This week the #SNT executive team monitored 1.8T of polystyrene being converted into 1,700 litres of high quality bio fuel at 270 deg C with zero emissions. That is truly remarkable for a material that is extremely difficult to recycle"

Avi8r / Chesh

Firstly, let me say I agree with Avi8r on the "history" aspect, certainly one of the reasons the share price is where it is today, and progress on a new side track will take time.

Secondly, the line:
"IF and WHEN flow rates are stabilised, 2nd side-track is proven up and contiguous progress confirmed"

We have two steps here:
Step 1 - "IF and WHEN flow rates are stabilised" - i.e. from JKT-01Z
News on this together with confirmation of the gas connection could be anytime soon - I would hope we would get an interim update but if not we will almost certainly have confirmation of the figures in the Q1 report around 7th April. If flow rates are being maintained, as Block seem to be suggesting, we should see a modest increase in the share price at this point.
(Say 1.7p??)
Step 2 - "2nd side-track is proven up"
As already stated by others this will be key to Block's future in the short term, if Block can replicate the success of JKT-01Z (assuming it is a success) then as Chesh says I think 1.7p will be history.

GLA

Update from RP with video @ COF site on twitter:

"Always good to ink a deal. City Oil Field, Sabien and b.grn formalise recently announced agreements after a very success technology inspection and executive exchanges in Seoul, Korea #SNT"

Looks like people are buying this morning - I think all those 26p sells are actually buys - I know because one of them is mine!! - Looks like SP is now on the way back up.

Amtech's post reminds me of the song:
"There are more questions than answers" !!

Guzzler1962 - Agree, but the original question that Amtech asked was will they need to "raise again soon".
With £1.3M in the bank and increased monthly revenue I would suggest not and the company has previously stated they are funded until the end of 2022.
Things can change of course, however everything here seems to be changing in a positive way with more income streams providing additional cash, so even without cash from the warrants it seems to me highly unlikely that a raise would be necessary, but as you say, anyone can ask the question at the Investor presentation.

NO

Obvious mistake - May be obvious to you and me Chesh!!

The way I read it they will get bonus warrants with any warrants exercised up to cop Friday (4th) providing they had exercised 25% by COP tomorrow (2nd).

Rxdav - Agree more or less with what you say.
I would just add that any results from a second side track are unlikely to be announced prior to the Q1 Operations Update expected around 7th April.
Throughout 2021 the flow rates from the existing wells were in decline, 16th Feb we were producing 940 boed, but during Q3 & Q4 this had dropped back to 376 boed.
The current combined flow rate based upon last weeks JKT - 01Z RNS and the Q4 RNS is 720 boed.
In my view I think the Q1 Operations Report will also be a significant reporting event for some investors to ensure that there has been no significant decline in the recently reported flow rates, and hence revenue.

From "The Hood" on Twitter - Thanks if you are looking in:

Richard Parris: "look forward to welcoming Proton Energy back this month to progress next steps in low cost clear hydrogen production in the UK. Exceptional opportunity". This month ends today. Extended warrant deadline is Friday, with an incentive to exercise by Wednesday.

28-Jan-22 16:27:49 25.90 50,189 Sell* 25.50 26.50 13.00k
Now, I reckon that Sell was actually a Buy!!

166,539 @1.30p 09.11.55
67,681 @ 1.25p 09.09.01
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