Member Info for abzzba

TBT, Agreed, Great value. Great future. Great prospects. Did i mention 5p by June !!, 12p by year end.

Dead duck or ducks aligned,

Gusto, did you mean £0.25p coming very soon

The NEGS say it will never happen, see examples of previous meteoric rises below, 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 then the choke will be opened up, it has the potential to treble or even quadruple current production.

See November 14th & January 16th RNSs for factual information.

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 gamble than most and more likely as sure as they come over the longer term.

Boris, thanks for letting us know, at least we know you have no more shares for sale, good luck.

Not sure why NEGS concentrate living in the past, its the future that investors are interested in, and 5p by June, 12p by year end and a lot more post refinery.

I do wonder if designating Heron as State Special Purpose Land might ease the way to the Government funding our drilling campaign, just a thought.

Worth remembering Mongolias new refinery will need 30,000 barrels of oil every day, quite sure they do not want to import it.

The NEGS say it will never happen, see examples of previous meteoric rises below, 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 then the choke will be opened up, it has the potential to treble or even quadruple current production.

See November 14th & January 16th RNSs for factual information.

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 gamble than most and more likely as sure as they come over the longer term.

ManxK, agreed that would be nive and it would se the sp headed north.

For example ;

June 2016 - 1.6p and then up to 38p by Feb 2017.

Could we see this again soon, so much news due.

DRCed, Weather dependent but very earliest would be end of March but more likely by mid April.

Hamm, i am not qualified to say whether MATAD could drill within 50 m or so of H1 but certainly they can drill into the same reservoir. We covered this before re child/parent well drilling.

And before you get excited the rumble video link posted by Switched has nowt to do with MATAD and i very much doubt the video was taken in Mongolia.

Just had a look through the posts, plenty NEGS about today, even a few fresh faces.

Appears MATAD is now a money laundering machine, the claims become more outrageous every day.

As usual quite a few negative posts on our operations at H1/H2, thankfully these were posted by people that have ZERO oilfield experience and really dont have a clue what they are talking about, we seem to be a magnet for them.

Nice to so many buys.

Hamm, 1st Oct RNS, see below RNS paragraph.

Petrophysical evaluation of the wireline logs indicates that oil is present to the base of the sand and there is net oil pay within it of more than 5 metres. Log correlation indicates that this sandstone is very likely to be the same stratigraphic unit as the one tested successfully in Heron-1. It also has similar log calculated porosity.

Why 5p by June.

Below is the more likely outcome.

1: Sales agreement signed and delivered allowing us to sell to China, upward price movement in February.

2: H1 remedial works to increase production to ???? 500 + bbl/d, upward price movement.

H1 currently choked back and producing just over 200 bopd, once sandscreen is fitted the choke can be opened to allow higher oil production, sandscreen is cheap and easy fix.

(14th November RNS states potential of 800 bbl/d).

3: H2 remedial works to increase production and bring onstream @ around 100-150 bbl/d, based on H2s 5m pay zone as opposed to H1s 18m pay zone, result = upward sp movement. Majority of completion costs already covered and accounted for.

4: Funding, Mongolia/Petrovis best option but Reserve based loan also an option (these are my preference) , that said the markets may see a DQE / profit share deal as the best option, last resort share issue, eitherway once we have funding for H3, H4 etc and maybe even GOBI upward price movement.

Or MB could throw a curve ball and come up with funding elsewhere, watch this space.

5: GOBI Bear 1, the joker in the pack, no matter how the data is viewed it says "OIL in Place", what a boost that would be.

With 34m of reservoir quality sandstone GOBI could well be the "Joker in the pack", the company maker we have been waiting for.

6: Block VII: huge potential and MB hoping to bring in a partner, watch this space.

Have not considered PC deal but that seems to be on the table as well (JV, even a buy out of Heron field).

The obvious sustained attack on MATAD by derampers posting disinformation and FUD, why, i will let readers decide for themselves.

The above will bring 5p by June and sp will increase in the following months as we will be self sufficient money wise.

12p by year end.

Adw last post was 17.43, this is possibly the longest period he has ever gone without telling a lie.

16th January RNS tells us sand or (fines) encountered at H1 hence the need for a sand screen, H2 geology the same so very likely sand present there as well, makes perfect sense for MB to suggest re-perforating H2 during the last LSE interview as sand can clog up the perforations resulting in poor oil flow, lets hope H2 perforations are indeed the cause of the poor well test results, its a quick easy and inexpensive fix to re-perforate and can be done by wireline, no rig needed.

Ref H1 sand: Same RNS states " installation of sand screens offers a cheap solution".

Same RNS: Block VII adds some high quality exploration acreage, we hope to be able to bring in partners to join us in exploring this exciting new area, could it be te Australians working in the adjacent block to our east, watch this space.

Adw, you are not qualified to appraise the likely outcomes from H1 & H2, you have ZERO oilfield operations experience or know how, likewise you are not qualified to comment on MBs decisions, MB has a lifetime experience in the oilfield so I would imagine he knows a “tad” more than your-self, Gusto and stockmaid who reckons our wells are “broken”.

Adw, you are not qualified to appraise the likely outcomes from H1 & H2, as for my guess we will be 12p by year end and 5 p by June its in line with the Progressive report which was compiled by an Oil Industry Expert, a real one, not Adw, Gusto and chums that know nothing about oilfield operations and speak about wells being BROKEN.