Member Info for abzzba

Let the NEGS play, they will be silenced soon enough once spring arrives.

Big buy back later, wait for it.

Mikec365 , yes your 100% correct, do not go with the NEGS figures, their arithmetic is terrible.

MATA, no debt, now a producer, extra fields, Heron known to be rich with oil, win win.

H1 potential to flow at lot higher rates.

ManxK, agreed, not a bad RNS.

OWL, very fair assessment, though i work it out at $47 profit based on todays Brent price and after costs.

Adw, Espen, maiden NEGS will be busy all day.

So with Brent sitting at $82 plus we are making around $47 from each barrel, good news.

MATAD, 2025 just the start.

Alans55, when Espen shuts up so will i !!!!!!!!!!!!!!!!!

Espen, you need to worry about your GBP investment, down 36% in the last 10 days and headed downward even more.

15,750 barrels in storage.

15,750 x $76 = $1,197,000 value of our stored oil (before costs) based on Brent price today of $82.35 less 3% plus a dollar. Less costs figures below.

15,750 x $45+ = $708,750 headed for bank soon.

Adw you need a few arithmetic lessons

Over $40 profit per barrel based on $70 sale price so Brent now at $82.35 a barrel means more like $45 - $50 profit per barrel.

Positive update! , agreed, good to hear H1 producing as expected, roll on February for sales agreement to be signed.

Agreed. Think MB ensuring everything in place before releasing good news bumper RNS.

MPRAM sales agreement, H1 production update, maybe even funding update etc etc.

My thoughts are the next RNS will be huge.

H1 now been producing for 83 days, very possible these gaspressure spikes have diminished meaning the choke can be opened up resulting in higher production, lets hope so.

AVO, thank you for your informed and valued opinion, IDIOT !!

Brent $81.47 bbl,

Thornogson, your right, slower approach suits us, if Mongolian government want full speed ahead they can offer a deal whereby they pay upfront costs, win win while we bank cash from H1, H2 and H3, Gobi wildcard could be played as well.

So many options, 2025, the year of MATAD.

Thinking about it a good result with H1 & H2 come spring means we really only need 2 or 3 wells more for MATADs sake, if Mongolia want more oil its up to them to pay for them, we could even do a deal with the government, they pay exploration costs which we deduct from oil supplied, now thats an interesting idea.

Not forgetting we could be producing 500 bbl/d from H1 right now if these gas pressure spikes have subdued, simply dont know.