Member Info for abzzba

Spring time start of drilling season, in 2 months we will be getting ready to start remedial works on H2 and sort out H1, in 2 months we will be dusting the snow off the rig stored at H2 wellsite ready to drill H3, game on in a few short months.

WOS, if he does it would give the NEGS one less thing to lie about, here hoping we hear about funding soon.

Ftsemajor, agreed, would not surprise me either if MB throws funding curve ball.

You really have to wonder what quality of life these NEGS have, on here posting NEGATIVES all day every day.

Meantime our new Block VII lies just west of ELIXIRs shallow gas fields.

https://elixirenergy.com.au/projects/

Or should we sell Heron to PC for 150 million and go drill our new blocks.

All the details you need !!.

Why 5p by June.

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.

(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.

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.

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

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.

IF a placing comes, no one knows at the moment, there are options, DQE /JV previously on the table, loan is also on the table, PC tie also mentioned, only ones stating a placing at low price are the NEGS eg Adw, Gusto, Espen, stockmaid etc etc, affraid they have infested this board since Sept 24, they are not even invested, paid derampers the lot of them.

5p by June then climbing to 12p by year end.

Why 5p by June.

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.

(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.

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.

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

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.

NEGS bringing in the reserves now, must be real worried, strange that they seem more worried and very much more pessimistic than the genuine holders.

For me its still 5p by June then gradual increase for the remainder of the year.

All sort of dire warnings, hell and damnation about a raise which may or may not happen.

Doc, you trash everything about the company, when was the last time you had anything good to say about it ???

Doc, yes, "some" are sitting on the side, "some" already invested and "some" buying, everyone has their own ideas, eg you bought into MATAD and now you come here every day to trash the company, i find that strange but if thats your choice i am happy for you, maybe trying being less obtuse.

Doc, not at all, quite sure many sitting on the side waiting to see where funding is coming from, waiting to see how many bbl we can squeeze out of H1 & H2, maybe even Gobi as well, no doubt they will pay more per share than todays price but lets face it, given the long term potential here even buying in at twice or three times this price in a month or two will seem like a steal once the refinery comes onstream, you seem not to understand this is a long term play,

Few trades today, looks like most waiting on news, lots of that to come, good to see that investors are confident enough to wait.

GravyT, Espen is on MATAD board today as he cant bear to be on his GBP board, GBP fallen from 0.33p few weeks ago down to todays 0.1725, oh dear, what a shame.

Velocoraptor, Agree 100%, everything looks good, looks even better long term, wait until the refinery is onstrem and this could easily hit new highs, i still predict 33p post refinery or shortly afterwards.

Looks like the two 4 millions buys has forced all the NEGS out to play today, silliy billies wasting their time.

Doc, agreed. only a 5684 sell, people hanging onto their shares !!.

For what its worth H1 modification/ sand screen if needed is not a time consuming or even an expensive job,

Assuming H1 production can be increased to 600 bbl/d plus and H2 can be made reworked to deliver 100 bbl/d plus i would not be against a limited drill season this year, good thing is you can drill H3 for 1.5 million and if no oil show stop there and drill H4, only need to test and complete best oil shows.

Why 5p by June.

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

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

(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.

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.

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

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.