Member Info for abzzba

Jimmie, i have never pumped 3.5p, i have always said 5p by June and 12p+ by year end, try and keep up.

So you agree PC are capable of drilling circa 37 wells a year ?.

On another note, some nice buys coming through.

Jimmi, i think you will find WOS repeated a post of mine, i have reposted that below.

......................

2 Mar 2025 14:39

We know PC bought their half of the TAMSAG Basin in 2005, latest figures we have for PC are from 2021, between 2005 and 2021 they drilled around 600 wells so an average of 37 wells a year.

SM, i would have thought that obvious, your the joke.

Jimmi, you really are dense, where did anyone ever say "it only took 8 years for PC to drill just over 300 wells?", please, date and time of post ?.

Excellent news jimmi, hope your feeling calmer.

S&M, think LTH already made their decisions, they are holding and where ever possible buying more shares.

Jimmi, think the number of wells will be reflected by the number of rigs available, these mobile rigs are not expensive and quite sure PC have a half dozen at their disposal.

Big question is, how much of this will come ourway via oil funding and renewables.

UAE/Bahrain to invest $500 million in Mongolia.

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

Seems jimmidaftasbrush never took his meds this morning.

He does seem to like Thursdays for some reason, i to expecting two RNS before AGM, sales agreement and update on 2025 schedule, H1 update and at least partial update on funding, deals / JV take time but sure we will get an idea of whats going on.

Meantime we can get on with H1 & H2 remedial works, both inexpensive and easily funded from cash in hand.

There is only one WOS and its not MrsWOS,

Proquo, many including myself hope your right, it certainly could do that.

Another nice blue day but realistically we have seen nothing yet, this will rocket once news is released, over the next 12 months expect double figure sp.

WOW

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

Rich, 'right' and smug and laughing like hell at the NEGs

A nice run up to the pending RNSs and AGM. Seems to have broken away into a fast finish.

H2 fact, not NEG fiction, what was really said, check the LSE interview, MB actually said that at 30 bbl/d H2 was marginally commercial during the winter months, hence its commercial during the summer months, I would assume this is due to the costs of keeping our waxy oil hot and less viscous so it will pump easier during the winter months, it may never deliver the 800 bbl/d that H1 is capable of but H2 has a part to play, lets hope it also is a cheap and easy fix.

Always best to stick to the facts.

1: Oil pipe line from TAMSAG Basin to refinery completes later this year.

2: Refinery builder stated Sept 2024 the refinery will be completed by March 2026.

Mongolia refinery needs 30,000 bopd to run at 100% capacity, right now Mongolia daily production is not enough to run the refinery at even 30% capacity, no doubt Mongolia will accept running the refinery at 30 to 40% capacity initially, but if they are to cut fuel imports they must get drilling and increase daily crude production by at least 300%.

We know Petro China half of the Tamsag Basin has been heavily drilled since 2005, MATADs half of the TAMSAG Basin (Heron field) is still unexplored, only two wells drilled.

90% of Mongolias oil comes from Petro China Tamsag field which is approaching end of life, best oil prospects already drilled, they need MATADs Heron field.

Gusto, do i not get a mention, bit aggrieved you missed me out, maybe i not trying hard enough