Member Info for abzzba

You may have missed Espen today, he has been busy propping up GBP, they dumped 0.66 billion shares on the market today and shed 25% on the sp, oh dear Espens not having a good day.

Brent just gone over $77, good news, H1 producing now for 75 days, big asset ready to be sold. 18,750 barrels or there abouts, could even be a lot more.

Oh dear all the time wasted by the NEGS and all wated

Its all about the refinery for MATAD as well, more profit per barrel once we start supplying through the new pipeline due to complete later this year, refinery tanks need filled, they need 30,000 barrels of oil a day, money money money.

Yep, troll getting worried, all their hard work and thousands of hours of lies all for nowt. Oh dear !!!!

More of the same today.

OWL. 50p+ may well be possible in a few short years from now. Very possible.

Still more than happy to guess that with a little luck we will be 9p by year end and a damn site more the following year.

NEG idiots out in force today,

Gusto, you have been saying sub 1p for months, still not happened, on 23rd Dec you said we would drop 10%, guess what it didnt happen, do you never tire of being wrong and looking silly.

Doc, nothing untoward here, H1 producing as originally expected circa 250/300 bbl/d, the bonus being it looks like it can do a lot more.

H2 disappointed at 30 bbl/d during initial well test, like 50% of wells throughout the world these initial test figures can be improved but in our case winter stopped us from performing that work, this will be reworked in Spring.

Gobi, in no way a dead well, needs more investigation, could go either way but certainly lot of good info gained.

So much over thinking going on here mostly by those that know nothing about oilfield and oil wells.

Doc, have you ever considered a new career in fictional writing.

ZIOC, great end to 2024 and start to 2025, long may the upward trend continue, way to go yet but we are getting there.

KevinRound, agreed, the board is split down the middle, ie those that are invested vs those such as Gusto, Adw, Doc, Espen, stockmaiden etc etc that are not invested but they still come here every day to post any negative comments they can think of, very strange.

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Gusto, you may want to do some homework, every oilwell in the world produces oil, water and gas, this is the reason seperators are onsite at every well, good read below on this subject.

https://hcpetroleum.hk/news-detail/274

Adw, i guess storage space for our oil depends on how many trucks PC run to China every day, our oil is mixed with theirs, so an extra truck or maybe two running to China refinery every day is hardly earth shattering logistics given the thousands of barrels they ship every day, but good try, D for effort.

H1 producing at circa 250 bbl/d, its being choked back due to pressure spikes, once these spikes stabilise or we have wellhead equipment in place to handle the higher than expected pressures we can open the choke and produce way more oil per day, read 14th November RNS for detail, expected 800 bbl/d expected.

H1 has been producing for around 70 days, every possibility those pressure spikes may have levelled out naturally to the point where we have already opened the choke and producing more per day, no doubt we will get an update on H1 prodction status quite soon.

H1 producing at circa 250 bbl/d, its being choked back due to pressure spikes, once these spikes stabilise or we have wellhead equipment in place to handle the higher than expected pressures we can open the choke and produce way more oil per day, read 14th November RNS for detail, expected 800 bbl/d expected.

H2, well test returned 30 bbl/d, disappointing but as with many wells remedial works are ex-pected to improve on that, pure guess work what we will get when the remedial works are completed, 100 bbl/d, 300 bbl/d, take a guess,

Gobi 1, transcript from LSE interview 14.31s, Gobi well has log response that suggests hydrocarbons that we cannot make go away no matter what numbers we use based on data from the basin, so in no way a dead well, watch this space.

Awaiting sales agreement sign off though probably more likely we will just get the go ahead to sell our stored oil which is valued today around 1.2 million, either way we are not desperate for cash as we have enough in the bank for several months.

Awaiting details on how we fund 2025 remedial works on H2 & GOBI and drilling H3, H4 etc etc, several options on the table, share issue, soft loan or DQE profit share deal, case of wait see.

So many positives its easy to see how we feature as a top stock pick for 2025.

Investor33, i tend to agree, there is so much effort being put into trashing MATAD by these derampers, this is above and beyond normal, tells me there is a pot of gold at the end of the rainbow.

NEGS doing a fine job a ruining the board, doesnt really change anything, news will arrrive when news is available, production will increase with the remedial works, share price will rise accordingly.

NEGS out in force today, really have to wonder why they spend so much of their day posting about a company they are not invested in.