Member Info for abzzba

Dormant, i thought you were describing his brain, poor gusto

Every oil well in the world produces at its "maximum deliverability" , every oil company wants to get as much out of every well as they can.

deliverable: something that can be provided or achieved as a result of a process.

GUSTO, given you keep saying we are all the same poster if its "us" thats buying we/i /them ?, must have very very deep pockets.

We do seem to have more than our fair share of idiots.

Strange that posters have not understood the first paragraph in the 14th Nov official RNS, then again probably not so strange given their ZERO knowledge of oilfield operations.

https://www.lse.co.uk/rns/MATD/operational-update-393gmyf06k5lebz.html

BPat890, not really, the only ifs and buts are from NEGS who know nothing about oilfield or oilwells, H1 is a certainty to produce more, exactly how much no one can be sure, will it meet 14th November RNS expectations of around 800 bbl/d ?.

H2 is marginal commercial at 30 bbl/d but can be improved.

Previous declines: then again the rises that took us to those giddy prices were not backed up by oil being produced, over 200 bbl/d just now, triple even quadruple that from H1 alone in a few short months, plus whatever H2 / GOBI and other wells bring to the table.

More FUD from Adw

ManxK, work schedules planned for 2025 will be released well before end of April, work at Heron will start mid April at the latest, i would expect 2025 schedule later this month or early March latest along with details on how we fund 2025, loan, DQE deal, JV or the share issue no one "really" wants, that said share issue means we keep all profits.

5p by June, 12p by year end.

The NEGS say it will never happen, see examples of previous meteoric rises, these happened with virtually no news, we are now a producer and come spring we will be producing many hundreds more barrels of oil every day, so please don’t say it will never happen.

Currently H1 is producing over 200 bbl/d, come spring it will be fitted with a sand screen, the choke will then be opened up allowing higher production rates, it has the potential to treble or even quadruple current production.

See November 14th & January 16th RNSs for factual information on potential production rates.

Lot more pieces of the jigsaw due to land soon.

Previous rises:

June 2016 - 1.6p and then up to 38p by Feb 2017. = 2274% increase.

Dec 2018 - 1.6p and then up to 10p by Sept 2019. = 525% increase.

Feb 2021 - 2.1p and then 9p by May 2021 = 328% increase.

Early Dec 2022 - 1.5p and then 7p by May 2023. = 366% increase.

H2 & GOBI we await news on how MATAD will proceed, will we see an H3 & H4 as well this year, watch this space.

2025 will be the year MATAD comes of age and in subsequent years who knows, in a few short years post refinery with MATAD producing thousands of bbl/d could we even see the day when MATAD returns to previous historical highs of over 217p (2011).

Investing in small oilers has always been a gamble but at today’s price I think this is less of a gam-ble than most and more likely as sure as they come over the longer term.

Adw, again you deceive, i quoted pre cost figures and stated such, knocking you down and correcting you is like taking candy from a kid.

No doubt you will go on and on all day with your childish inane swipes that deflect from MATADs achievement , enjoy !!.

Adw, you appear to struggle in reading and UNDERSTANDING posts and RNSs, when a poster say "could" it does not mean its certain, when an RNS (14/11/24) states "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." it means its very possible.

Certainly prospective partners would want to be assured that Heron land deal was signed and delivered.

TBT, i tend to agree, the poor gullible holders that have sold out due to NEG pressure will be gutted, at the same time they made their choice.

Just goes to show how good a producer H1 is, seems we need to poke a few more holes into that same reservoir.

Adw, as the link states some of these wells date back to 1995 and would be coming to end of life, so cannot be compared to H1 which has been producing for 3 months and lets not forget our gas pressure than is shooting our H1 oil upwards.

Looking forward 30 years we shall see what H1 is producing then, make a note in your diary.

Tamsag oil field

• Location: Khalkha Gol soum, Dornod province

• Contractor: PetroChina Daqing Tamsag (Mongolia) LLC

• Effective date: 1995

• Extraction area: 209.2 square km (2.1% of exploration area)

• Number of wells drilled: 589

• Oil extraction wells: 311

• Oil extraction per day: 1,242 tonnes (22,000 bbl/d)

……………………………….

Heron Oil Field

Contractor: Petro Matad

Extraction Area: 214 square km.

Number of wells drilled: 2.

Oil extraction wells: 1 (for now)

Oil extraction per day: Over 200 bbl/d (for now, expected upto 800 bbl/d)

2021 data for PC wells taken from below link. 311 productive wells back in 2021, we have a lot of holes to drill !!.

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

When this moves it does so fast, few examples below.

You can ignore Adw, Stockmaid, Gusto etc, these are the village idiots of the board, sure ever BB has them but we do seem to have more than our fair share.

Previous rises:

June 2016 - 1.6p and then up to 38p by Feb 2017. = 2274% increase.

Dec 2018 - 1.6p and then up to 10p by Sept 2019. = 525% increase.

Feb 2021 - 2.1p and then 9p by May 2021 = 328% increase.

Early Dec 2022 - 1.5p and then 7p by May 2023. = 366% increase.

Few years old but some interesting info on Chinese wells, ie quantity and daily production totals.

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

Possible new partner in the frame ?. See below, towards bottom of linked page.

Granting of rights of exploration and exploitation of petroleum to Mongol Refinery:

Mongol Refinery can carry out petroleum exploration and exploitation activities

Special permission for petroleum exploration and exploitation activities will be granted

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

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

As previously said, i believe this special purpose designation could mean Mongolia will invest in MATAD, could be a loan or upfront payment for oil to be supplied.

Stockmaid thinks £0.50p by year end, 50p, brill !!!, hope she is right on that one,