Member Info for abzzba

Hamm, wish i could answer your question but affraid i cannot.

But consider as a possibilty, MB is speaking to DQE, Banks, Petrovis and quite possible he has only been speaking seriously in the last few months since H1 became a producer and H2 flow rates known, these things take time, quite sure he will get the best deal possible, wish these things were settled sooner but until a few months ago we did not know where we were, H1 could have gushed oil straight out of the box, but like most wells it never, H2 could have done the same but it never, it needs remedial work. Be patient

Adw, read 14th November RNS, forgot, you read it, you just never understood it GUFFAW !!!!!!!!!!

Hamm, 78 less 3% = 75.66.

You seem to have changed your tune in the last few days.

Stockmaid, as requested, see below.

Chances of export license hold ups ? = slim, i believe we will have go ahead in February.

Chances of H2 being plugged = slim, its already marginally commercial in winter, only marginal as the waxy oil has to be kept warm in winter so it pumps easily, if not kept warm its viscosity becomes high meaning it will not pump, it costs to keep it warm hence marginal commercial in winter, every chance the 30 bbl/d can be increased, chance of being plugged slim.

Chances of a placing? = Unknown, certainly possible if loan option or DQE / JV not agreed but we have the option of limited placing, ie enough cash to cover easily fixed H1, to allow H1 to produce at 200%, 300 % maybe even 400% of its current 200 bbl/d.

being conservative.

500 bbl/d x 365 days = 182,500 bbl/d @ $75 = $13,687,500 over 12 months.

post costs

500 bbl/d x 365 days = 182,500 bbl/d @ $46 = $8,395,000 over 12 months.

So more than adequate for our needs and enough for a few no frills drills @ $1.5 million, more if well test and completion required but if well test and completion required its because they are commercial.

Does chatGPT concur ?

Stockmaid, i have posted details about my oilfield career and field of expertise several times, suggest you go find one of those posts.

Meantime posters can look at your earlier post from today headed "Petro Matad: Ask ChatGPT" think that tells us all about your experience in oilfield.

Stockmaid, please do not speak about things you dont understand, it only makes you look even more foolish (if thats possible)

Where as you use ChatGPT

40 year in oilfield.

H1 reservoir pay 18m.

H2 reservoir pay 5m.

GOBI reservoir pay 34m.

Makes you wonder how much GOBI could deliver.

Love the desperation to get the next NEGATIVE post live, poor derampers going crazy, like a feeding frenzy.

Chances of H1 producing 500 bbl/d = 90%.

Chances of H1 producing 600 bbl/d = 80%.

Chances of H1 producing 700 bbl/d = 70%.

800 bbl/d Hmmm, quite possible.

No gamble here, in few short months you will realise why.

Do love the thought of all these NEGS battering away at their keyboard filling the board with complete rubbish and over exagerated issues that do not exist, not one of them knows anything about the oil fiel or its operations yet they comment as if they are experts, telling MB what he should be doing.

Love it.

Now for the more likely outcome post the new drilling season in spring.

5p by June after H1 remedial works and its producing circa 600 bbl/d plus. H2 rewmedial works add another 100-150 bbl/d.

Gobi, the joker in the pack, could be bigger than H1, it has 34 m of reservoir quality sandstone.

Reality is::::::Why would i sell at 1.375 now when i can sell at 5p come June,

Reality is::::: Why would i sell at 5p in June when i can sell at 12p at the end of the year,

Reality is::::: Why would i sell at 12p in December when i can sell a lot lot higher post refinery.

To many living and thinking of the past, things changed Oct 24th when we became a producer, look to the future, look at 5p by June look at 12p by year end, look at 300% production increase by end of April for H1, 600% production increase if GOBI 34m sandstone reservoir can be made to deliver.

No investor wants a raise but if its the only option we have no choice, fact is it may not be the only option, case of wait see.

Personally i think Petrovis investors would rather see a closer tie up with MATAD now that they are an oil producer and the refinery is not that far off, as Mongolias largest fuel supplier i would assume Petrovis will also be the refinerys biggest customer, what better than have a stake in the company that is supplying oil to the refinery, win win both ends of the supply chain.

Is the oil price not the only thing thats about to explode ?.

https://www.msn.com/en-ie/news/world/iran-sends-terrifying-warning-to-us-and-israel-over-crazy-attack/ar-AA1xYOEc

Thornogson, agreed, its the end game result that matters, not the start of the game, everyone knows MATAD became a producer on Oct 24th so we are just at the start of the game.

Happy to hold until post refinery when MATADs real value will be realised.

Stockmaid, the big problem is you have to ask chatgpt the correct and meaningful question, you are in no way qualified to ask the question as you have ZERO oilfield experince, as always with computers, rubbish in rubbish out.

You appear to be working a double deramping shift with posts all day yesterday, 2 am and 4 am this morning, are you a BOT

No red dot fund raise here, should i contact LSE

Come spring drilling season, oil production expected to increase 300% plus and if GOBI comes good you can make that 600% plus.