Member Info for Hepseal

Not familiar Mal (age thing) but get your drift.

Agreed Momo

End of Aug number of subscribers for Mexico was 3500
End of Sept number of subscribers for Mexico was 7200
I am going to GUESS that the combined number of subscribers from Mexico and Argentina at the end of October will around 12,000.
(don't mind if I am wrong and it is a lot more!!)

Tweet:
"Our service in now LIVE in Argentina! This is just the next step in our journey as we add additional territories and new content to our offering."

From March RNS:
Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce it has signed a major contract with Quanta Media Group Holdings (QMGH) for the use of its Streams data platform. The deal is worth up to £480,000 over 4 years, with a minimum £10,000 per month for at least a year.

Thanks for replying Sea7

Yep I read that.

The oil they got from SRCL would have been part of the 28.9 Mbbls oil inventory as at 30th Dec. 2020
Since that time (Q1 & Q2) they produced 55.5 Mbbls making 84.4 Mbbls in total.

The way I read it they only sold 41.9 Mbbls in H1, quote:

"During the six months ended 30 June 2021, Block sold 41.9 Mbbls of oil, including the prior year closing oil inventory, generating revenue of $2.33 million (30 June 2020: $313,000)."

So according to my logic that left 42.5 Mbbls unsold at 30th June!!

(ps - I am aware they sold 11.2 Mbbls in the first week of July but they have previously stated that will be treated as a Q3 sale)

Corrected post, H1 sales, not H2 sales, still can't work out what I am doing wrong, if anything!

Oil Inventory at 31st Dec, 2020 = 28.9 Mbbls
Add HI production = 55.5 Mbbls
Total of above = 84.4 Mbbls
Less H1 sales = 41.9 Mbbls
Unsold Oil (according to me) = 42.5 Mbbls

Block are saying the oil inventory at 30 June is 18.8 Mbbls

Not according to my figures, what am I doing wrong????????????

Am I thick ? (don't answer that)

Oil Inventory at 31st Dec, 2020 = 28.9 Mbbls
Add HI production = 55.5 Mbbls
Total of above = 84.4 Mbbls
Less H2 sales = 41.9 Mbbls
Unsold Oil (according to me) = 42.5 Mbbls

Block are saying the oil inventory at 30 June is 18.8 Mbbls

Not according to my figures, what am I doing wrong????????????

Geowiz - As I said below, read the Q2 Operations Update:
"The Company ended the quarter with a strong liquidity position with $5.4 million cash at bank"

Geowiz
The interim results will be up to 30th June.
You can already get answers to most of your questions relating to that period from the Q2 Operations Update.
Furthermore, you should have answers regarding the subsequent 3 months in the Q3 Operations Update within the next two weeks.

PS
After checking my notes the 30,000 barrels were actually in stock, unsold, as of the 8th July.
In addition to the above 30,000 Barrels in stock on the 8th July, Block sold 11,200 barrels for $742,000 between the 1st and 8th July and this amount will be included in the Q3 sales figures.

Maqsood - I agree with your point 2 - On the 31st Dec we had 28,000 barrels in stock, if you add Q1 and Q2 production to this and then subtract Q1 and Q2 sales I reckon we had about 30,000 barrels in stock unsold at the end of Q2.

O M G : Ha, Ha, Ha - Wish I had that many!!!!!!!!!!!!!!!!!

RT003 - You beat me to it, I was going to post the same!
(or perhaps the numbers are so good they are not worried about the odd day and will RNS on Thursday!!!)

Also, tweet from last Friday:

"Great meeting with the Quanta team yesterday, progress on so many fronts. So much going on and can’t wait to share it with you all soon!"

Looks like ME will be sharing with us this week.

The next 2.5 weeks should be a news rich period. IMO we should get a Q3 Operation Update by Thursday 14th October at the latest which should give an update one way or the other on the following.

WRB1 - Flow figures, commercialisation (could be separate RNS this week before Q3 Operations Update RNS)
WR16aZ - Installation of artificial lift.
WR38Z - Installation of artificial lift.
KRT 39 - Surface facility upgrade + monetisation
Miscellaneous wells - Intervention / maintenance programme
Q3 Oil and Gas Production figures
Q3 Oil and Gas Sales figures
Confirmation of next drill on drilling campaign

The recent job advert for an Accountant said Block employed 200 people - that is quite a lot of man hours so hopefully we will have seen good progress on all the above projects.

Due to the increase in the share price the Directors will presumably be awarded a lesser number of shares for Q3 and Q4 respectively.

The number of shares allocated is calculated based upon the weighted AVERAGE price of the shares during the month so even if they could delay the announcement this would not make much difference to the number of shares allocated
for September!!
I am hoping for an announcement re the current drill during the coming week but if not it is possible that the flow results could be announced as part of the Q3 Operations Update during the first two weeks of October.
GLA

News very likely next week IMO Chesh, could be first thing Monday morning!!

Maqsood7
You seem to have overlooked the fact that there were a lot less shares in existence two years ago.

bffm - RNS's re share matters, etc do seem to get issued at all times but I think I am correct in saying Operation Update RNS,s usually get issued at 7.00am.
Friday is usually considered a bad news day so I am looking foreword to an RNS @ 7.00am Monday Morning confirming that the new well is commercial !!!!!!!!!!!!!!

Think you are correct Maqsood7 - so what we are saying everything at 2.625p or above a Buy.