Member Info for Hepseal

MP - I can confirm that the 40k trade was not Deeez's and it was a Buy!!
IMO although we may have to wait for finalised adjusted flow figures I think we will get an update in the very near future, probably next week, to confirm the well is commercially viable, this will then enable them to start constructing the interconnecting pipeline to WR38 ASAP as flaring will not be permitted at the end of the testing period.

Not sure about the £1 BB but a nice start would be the doubling of the current share price during the next week!!!

Block will be a £1 by Christmas - Factoid!!

Earlier on this morning you cold buy small amounts on HL for 2.7p, but not this afternoon

Thanks Parob, the paragraph below in inverted commas was in the first Mexico RNS and not the second Mexicio RNS, hence I missed it - what you say makes sense.

RT003 - I am not disagreeing and 10,000 subscribers @$1 per week would generate $520,000 PA
(my point was that last months figure of 3,500 subscribers alone would not generate $500,000 PA as I think suggested by some other posters)

Not saying that Mexico turnover wont get to $0.5 million PA but based upon known take up of 3500 subscribers turnover would be $182,000 PA (3500 x $1 x 52 weeks)

Ha, Ha, Mal - AJW told me you were a bit of a Basher!

Many many years ago my daughters slightly eccentric music teacher had a strange way of marking piano lessons, I've applied the same method, you will get my drift:
250 bopd - Goo
400 bopd - Good
550 bopd - Very Goo
700 bopd - Very Good

You could buy at 0.94p on 21st April, 2020

Yep - That's what I call good communication.

AJW - Block almost certainly do know if the well is commercial or not but the point is we don't until we get an RNS stating one way or the other.
IMO opinion all the signs indicate it will be commercial but until we get the RNS we cannot be certain.

AJW - A slip of the tongue, I am fully aware that the pipe only has to connect to WR38 and they cannot put the oil / gas into production without the pipeline but my point was that they wont be constructing the pipeline until they have first proved that WRBA is "commercially viable" and we get an RNS stating this to be the case.

AJW - You comment "approaching pipeline" - IMO the last RNS makes it pretty clear that they are not going to be constructing the connecting pipeline to the EPF until they have first proved that the well is "commercially viable".

From Block Energy Corporate Presentation April, 2021:

Initial production rate: 550 bopd, 0.31 mmscf/d
• Plateau: 10 months, decline rate @ 18.8%/year
• Target cumulative volume: 1.01 mm boe
• Well cost: $3.0mm
• Time to payback: 11 months

The above would presumably have been based upon the oil price at that time.

Judging by the size of the vote in Block's favour you could argue that the second Share Prophets article which I referred to below may have actually damaged the GP Jersey / Gneiss campaign!!

In fairness to Share Prophets (Ha, Ha, Ha I hear you say) they do actually appear to have written articles presenting both sides of the argument - I thought the title below had a nice ring to it:

"BREAKING: Are Block Energy Rebels Not So GNEISS After All?
By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 4 August 2021"

Together with a solid Q3 Operations Update on Base Production including progress on WR16aZ, WR38 and KRT-39 interventions / upgrades.

Cheers Scooby.

I can see why the Shareholders Group would ask questions 2, 3 and 4.
Has question 1 been put in as a smokescreen.
(We now know there was a problem with WRB1 but that has been rectified - We also know that the SG have at least one contact in the company.)

Or is it a researcher for TW Share Prophets!!

What do you make of it all??

By the way, I did get a phone call from a chap at the time of the first vote, wanting to talk about the vote, unfortunately the line was so bad and I was in a hurry so I could not hear much of what was said and we did not conclude the conversation.

(V111JAS - unless Scooby is winding me up there appears to be a bit more to this than you thought)

Hang on a minute, Scooby is one of us.
Scooby - Were you being serious about being approached by a so called journalist - If so, may I ask what questions she asked??