Member Info for SEA7

thanks hepseal

wonder when the site was updated, as the company has never stated exactly 1000 barrels of oil per day.

they have said 1100 barrels of fluid and then choked back to 700 etc... however, I do not ever recall that exact figure of oil per day ever being stated anywhere.

guess some info on the site is incorrect....

https://georgiaoilandgas.ge/projects/

read - middle eocene shallow.

The most recent successful horizontal drilling in Georgia was performed in Block XIF West Rustavi field by Block Energy (currently 1000 bopd production).

https://georgiaoilandgas.ge/

note the pictures on the home page...the guy standing with the mallet in his hands has block energy written on the overalls.

someone on another board stated.....

I’m struggling to believe that the 600m+ sidetrack completely missed the 180m thick ME.

38 has produced before...from the cpr...

“The Middle Eocene is characterized by volcaniclastics with a total thickness that ranges from 194 meters to 287 meters thinning to the south. The fractured tuffaceous sandstone acts as the reservoir portion of this interval. Porosities vary from 3.3% to 18.0% as seen in the 16a and 38 wells with effective porosities reported from 1.6 to 14.0%. This reservoir produced oil from the 16a and 38 wells on the block and the 39 well just north of the block. “

1 x 850k share trade just gone through at 6.3p - a buy, followed by another 200k share trade at 6.3p another buy

chunky trades to the positive showing up.

no you wouldn't - because you would be absolutely slaughtered in the markets afterwards. Your credibility would be finished for good.

you would be seen as ripping the p&ss out of investors.

video of mud drilling system at w38

https://twitter.com/BlockEnergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

depends franco - day trading can work for some - this one expected more momentum and closed out as the buys dried up and momentum was lost.

disciplined strategy if nothing else.

yep - up 7.9% so far today.

I see someone on advfn has stated ---WR38 Big oil - wait for the rns.

proper ramp that!!!

yes - a sad loss..

how tall are you - I didn't realise they stack s.h.i.t that high - quality!

Full metal jacket, best drill instructor opening speech I have ever watched...

https://www.youtube.com/watch?v=-ZYlXEUo-Lo

"here you are all equally worthless" - " i will PT you till you die"

lol

ha maladoni

good film- some great lines in it from the drill instructor at the beginning!

yes mls - good read and clear.

yep magtalo.

further down the prospectus is states that current production from muradkhanli and jafarli is 234 stb/d -

we should remember that they have been putting this prospectus together for at least a few weeks - it wouldn't have been an overnight job , so the reference to 240 production is going to be without any input from c37

every time the stock goes up, the negative posters are quiet - that says a lot, however, even a quarter point drop and they are back proclaiming doom, gloom and Armageddon.

The net proceeds from each issue of Notes will be applied by the Issuer for its general corporate purpose unless the relevant Final Terms specify a different use of proceeds. If applicable, further reasons for the offer or a different use of proceeds will be disclosed in the relevant Final Terms. Without procuring the requisite funds on terms which are acceptable to the Issuer (or at all) the Group may be required to reduce the scope of its operations.

Further, current shareholders' holdings of Ordinary Shares may be materially diluted if financing will be continued via issuing new shares rather than the Notes.

The Issuer has been notified of the following interests of 3 per cent or more in its issued share capital as at the date of this Prospectus:

Dean Clark 33,000,000 8.96 percent
Andrea Cattaneo 26,834,115 7.29 percent
Miton UK Trust 19,848,372 5.39 percent
Mirabaud & Cie SA 12,479,490 3.39 percent