Member Info for abzzba

Guys, no need to get excited, its just the NEGs grasping at straws, trying to convince anyone dim enough to believe them that their lies are facts, they do seem to be getting more and more desperate with every day that passes.

Pretty sure the ex governor will do what he is told to do by the government, that said i doubt it will come to that as i think its odds on Petro China will buy Heron, the Chinese are not known for sharing so i do not see a JV with them, the other two entities, who knows but quite sure MATAD will hold out for the best deal for both them and the shareholders.

Could the refinery operator be considered as an “entity”.

With Mongol Refinery operator being granted special permission to engage in petroleum exploration and exploitation, it signals a clear intention from the Mongolian government to develop domestic oil production rather than relying on imports. If Petro Matad, which already has proven oil discoveries plus drilling and operational experience in Mongolia were to collaborate with Mongol Refinery, it could lead to several key advantages:

By establishing this strategically important oil refinery, the national economy of Mongolia will be-come independent from energy imports, and fuel and commodity prices will be stabilized in the country.

Refinery operator being granted special permission to engage in petroleum exploration and exploitation, see link below, towards bottom of page.

https://envoyexcellency.com/mongol-refinery-project/

Mongolia daily average crude oil production has been falling since 2015, we know the refinery needs 30,000 bopd to run at 100% capacity so Mongolia has got to get drilling between now and the refinery start up date, oil wells need drilled ASAP, MATAD more than happy to help in this, ob-viously that oil will go to China until the refinery is ready to accept it, fact is they need to start drill-ing ASAP, you cannot magic up producing oil wells, it takes time.

TAMSAG Basin is shared between PC and MATAD (Heron field), each have just over 200 sq/km. Since 1995 PC have drilled over 300 oil producing wells in their half of the TAMSAG basin, the majority of PCs older wells are played out, MATAD have one producing well right now (H1), currently flowing at over 200 bbl/d but with inexpensive remedial work in spring expected to produce much more, H2 well likely to come on stream in spring bringing MATADs producing well upto 2 with many many more to follow.

Mongolia daily production graph half way down the page at the link below.

https://mongoliainc.com/key-commodities/oil/

Best to stick to facts/ official RNS rather than NEGs/Bashers tittle-tattle.

AGM confirms low cost emphasis on creating revenue in 2025 from our already drilled wells, H2, Gazelle & Gobi Bear 1.

Ref 14th November RNS.

Para 1: Heron-1 is producing well with maximum deliverability estimated to be similar to or greater than the 821 bopd achieved on drill stem testing in 2019.

Mike Buck, CEO of Petro Matad, said: We are very pleased with the performance of the Heron-1 well so far and we are encouraged that higher than expected stabilised flow rates may be achievable, based on what was said during the AGM we might just be able to reach 800 bopd.

More than 90% of Mongolia’s annual production has been solely from Blocks XIX and XXI in Tamsag basin in eastern Mongolia in recent years.

MATADs Heron field covers half of the TAMSAG basin, same geology, same oil play, only 2 wells drilled in Heron field, all to play for, 60 million barrels of recoverable oil in Heron field alone.

CNPC is the parent company and retains control over PetroChina so not so straight forward plus the below may have had an impact.

https://www.occrp.org/en/news/china-former-oil-executive-jailed-for-taking-us-2-million-in-bribes

Little doubt that Sunsteppe will benefit.

https://www.sunsteppe.com/about-us/

UAE/Bahrain to invest $500 million in Mongolia.

https://mongolia.gogo.mn/r/ko8xm

Proquo, i was not answering the moron i was simply informing any newbies why PC would want to buy Heron.

I doubt the moron is interested in any reasoned reply, his only interest is posting FUD.

Why would PC buy Heron field, easy, 60,000,000 barrels of recoverable oil and maybe more with new drilling techniques, add to this their own half of the TAMSAG basin is approaching end of life with the best prospects already drilled it all makes perfect sense for Mongolia & Petro China.

Thornogson, bit out of my depth on that question but i do not think its possible as H2 is already drilled vertically to TD, consider the drill string would need to deviate to the horozontal and we have already drilled H2 in the vertical.

Doubt this would be an option (but could be wrong).

MrsWOS, 65p sp is a year or two down the line, but certainly possible.

Absolute sure PC will be interested in a buy out of MATADs half of the TAMSAG basin, they already know the geology, have all facilities close and have been successfully drilling and producing their own half of the TAMSAG basin since 2005.

There will be a red dot sime time soon, eager to hear update on H1 and the other three already drilled and cased wells and order of play.

How to Recognize a Gaslighter

Gaslighting can be more effective and successful than many people imagine. Almost anyone can be susceptible to gaslighting tactics, which have been deployed throughout history, and continue to be used today, by domestic abusers, dictators, narcissists, cult leaders and LSE board users. The most effective gaslighters are often the hardest to detect; many MATAD investors have lost money due to the gaslighting gang that currently work the MATAD board, these are stockmad, Adw, Unnd, MrsWOS etc etc.

Stockmaid, fits the bill perfectly.

Examples of Attention-Seeking Behavior

1: Posting excessively on social media, seeming to vie for as many “likes” and comments as possible1

2: Making comments—both online and in-person—that seem calculated to make people feel uncomfortable or cross social boundaries.

3: Seeming always to want to be the center of attention.

4: Making frequent self-deprecating comments in an effort to be validated.

5: Having what might be described as a “dramatic” personality.

Causes of Attention-Seeking Behavior

There are a couple of reasons why someone might be having attention-seeking behaviors. The most common reason why someone might exhibit these behaviors is that they are experiencing low-self esteem.1

Low self-esteem often can look like someone who is down on themselves and who is struggling with depression. But sometimes, low self-esteem or having a negative view of oneself can lead to feelings of depression and anxiety.

Childhood neglect, abuse, or trauma can be linked with attention-seeking behaviors. Growing up feeling unsafe, unloved, and insecure may lead to chronic feelings of low self-worth, depression, and anger, as may contribute to aggressive, anti-social, and even delinquent behaviors.6

Other emotional states that might lead to attention-seeking behaviors include loneliness or jealousy.

For example, people who are experiencing increasing loneliness or social anxiety might turn to social media for validation and then exhibit attention-seeking behavior in their online interactions with others

All the following trades seem to be missing on LSE.

2025-04-07 13:11:22 1.4777 169,993 £2,511.987

2025-04-07 12:39:28 1.50 100,000 £1,500

2025-04-07 12:11:08 1.4777 34,039 £502.994

2025-04-07 12:05:32 1.4782 780,000 £11,529.96

2025-04-07 12:05:18 1.475 780,000 £11,505

2025-04-07 12:05:06 1.4787 670,000 £9,907.29

2025-04-07 12:04:47 1.475 670,000 £9,882.5

2025-04-07 11:52:35 1.4777 20,301 £299.988

2025-04-07 10:57:38 1.50 33,000 £495

2025-04-07 10:38:43 1.47 1,359,765 £19,988.546

2025-04-07 10:38:30 1.47 1,359,765 £19,988.546

2025-04-07 10:38:18 1.465 2,731,157 £40,011.45

2025-04-07 10:38:11 1.48 337,196 £4,990.501

2025-04-07 10:37:52 1.46 100,000 £1,460

Nice million buy.

2025-04-07 16:23:23 1.50 1,000,000 £15,000

For info not all todays trades showing on LSE

H1 sand screen costs are circa 250k, this results in increased production to around 400/500/600/700 bopd, case of wait see, monies accrued from that increased production at H1 plus oil revenue from stored oil plus 1.5 million Petrovis loan (if needed) gives MATAD the cash to fund more work.

Really cannot make it any easier to understand. No raise required.

So many NEGs.

BUT

I still firmly believe GOBI might well be the company maker as the RNS (7th Oct 2024) stated it has 34m of reservoir quality sandstones, the fact there were only faint oil shows does not mean there is no oil, see below link that will help you understand.

With 34m pay area it really could be HUGE, ok its migrated, we just need to find where its hiding, that’s a lot of oil.

https://wiki.aapg.org/Show_evaluation

Read just below the green Figure 1 which states.

For example, zones of good porosity and permeability that yield no show may still be viable hydrocarbon-bearing reservoirs