Member Info for abzzba

Ftse/ ManxK, agreed, 5 weeks to spring, complete low cost remedial work on H1 (sandscreen), up production.

If re-perforating H2 is the first step that is a very quick, easy and very inexpensive operation, the re-perforation should be done in one day,

Corpse, nowt to be with being awake, its more to do with knowing what your speaking about.

Corpse, every time you speak you make yourself seem more foolish, the high pressures relate to H1, not H2 which MB spoke about re-perforating, you really are a clown.

Suggest you read 14 Nov 2024 RNS (several times) until you understand it.

H1, come spring, fit sand screens offers a cheap solution (MB words, 16 Jan 2025 RNS), increase production from its current "over 200 bbl/d" a day to 400 / 500 / 600 maybe even more.

If we are really lucks MBs re-perforation of H2 will result in increased flow and H2 being brought into production as well, listen to last LSE interview 9 min 23 sec.

Reperforation for idiots (Adw,Doc, stockmaid etc) below.

https://www.youtube.com/watch?v=duToyzpZqos

GOBI BEAR 1:

LSE interview (14.31s) GOBI 1 transcript, has log response that suggests hydrocarbons that we cannot make go away no matter what numbers we use based on data from the basin, so in no way a dead well, watch this space.

Gobi RNS states 34m of reservoir quality sandstones, no guarantees but could be huge, could be company maker.

And around 4 to 6 weeks until spring (weather dependent) and we can jump on H1 & H2, long term weather looking good,

Corpse, you obviously have not got a clue, last year monthly expenditure was just over 260k per month, with H1 producing since Oct 24th add cost of 2 or 4 local labour at H1 well site earning 2,000 dollars each per month plus diesel for generators, monthly outgoings closer to 280k per month, criminal how people like you are allowed to lie on these boards, absolute criminal.

Corpse states "Last accounts Petro was burning through half million dollars per month".

ABSOLUTE RUBBISH.

If he halved that figure he would be closer.

Plumo, obviously we did not find a partner back then willing to "take the chance", now that Heron is proved up, complete different proposition.

5.66% up, good day, but really just the start, LOT LOT more to come.

PC / Mongolia agreement, found this paragraph of interest.

According to the agreement, the side of Mongolia is to acquire 40 percent of the oil. Despite this, our country only receives 24 percent of it as the rest is deducted for cost recovery.

Including H1, H2 & Gobi we have well over 60 million dollars to claw back so I would imagine quite a few years with reduced costs. Think we can also add on trucking, storage, fuel costs etc though these would be minimal compared to the exploration costs.

https://www.montsame.mn/en/read/298448

H1 reservoir worth many tens if not hundreds of millions of dollars.

H1 = a reliable production stream and revenue generation'

H1 = Mr Buck mentioned it with the proviso ' we have to demonstrate that we have a reliable production stream and revenue generation'.

Heron 60 million barrels recoverable.

H1 well reservoir recoverable unknown at this time but considerable tens of millions $.

Reserve Based Loan ideal. Another definition below as some struggle to understand how it works.

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

The amount of the loan facility available to the borrower is based on the value of the borrower's oil and gas reserves, as adjusted from time to time. The loan facility is repaid using the proceeds from sales in the field or portfolio.

OQL, RBL certainly an option, as some seem not to understand what it is i have given a definition below.

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Reserve-Based Lending (RBL) is a type of financing for independent exploration and production companies. RBL is a “borrowing-base” type of loan sized on the basis of the projected Net Present Value (NPV) of cash flows generated by the underlying oil & gas assets.

Quite sure MB would give the same factual answers given on here, try and keep up !!

Doc, how many times has that question been asked and answered, 20 ?, 30?, 40+ times, boring.

Simo, 16th January RNS states.

The terms of the Cooperation Agreement have been agreed by the parties involved and it is now awaiting signature by the operator of Block XIX. This is EXPECTED in February after which sales revenue will commence.

EXPECTED being the operative word.

Does it matter if its a week or even two weeks into March, i think not.

Looks like those that are NOT invested are unhappy and those that ARE invested are not to concerned, strange state of affairs.

Genuine investors still happy that 2025 will be the year of MATAD.

WOS, see link.

https://www.facebook.com/insidemongolia/photos/uae-and-bahrain-to-invest-500m-in-mongolia-eyes-10b-renewable-energy-project-the/656511383602194/?_rdr