Member Info for abzzba

Correction, H2 Compartmentalised fiction

Begining to wonder if these lot are "bots", their stamina aka the hours they put in are superhuman, read about chat board bots at the link below, better still just google "bots infesting forums."

As for the H1 is Compartmentalised fiction they have pounced on if that were the case would we not have abandoned the well rather than suspending the well and spending more money on it.

https://www.lemonfool.co.uk/viewtopic.php?t=42771

Xxpro, as stated, do your own research, do not expect me to hold your hand and guide you through these points.

Xxpro, suggest you re-read RNS, listen to interviews, i cannot hold your hand and guide you through this, as for "taking glee" its more pity i feel, who in their right mind would ask another poster on these boards to hold their hand and guide them through the various points of information.

Tonight if you have time, read up and listen to the interviews.

Xxpro, check past RNS, listen to past interviews, why would i want to waste my time pointing you in the right direction, keep up or ship out, easy as that.

Answer my questions, your not Stazi in disguise are you ?, everything is there either in RNS or interviews, please dont expect me to do your work.

Xxpro, do try and keep up, your being left behind, maybe not so much time on CoPilot !!!

Be Wise - Be Well Researched and informed !

Our resident NEGS keep telling us MATAD has failed, MATAD is finished, they say SELL SELL SELL, I have no idea why (I do really but they lie), H1 should prove up better than we could ever have hoped, very possible these gas pressure spikes will stabilize and we can open the choke for more production or worst case we need to fit a higher rated wellhead, either or we are looking at around 800 bbl/d production (see 14th November RNS), possibly even higher than that according to MB,

800 x 365 @ circa $66 = circa $20,000,000 per year, less costs, but remember we have 60 million dollars in previous drilling costs we can claim back, albeit over time but claim back we will over the coming years.

You can bet your last dollar PCs ears pricked up when they heard H1s production potential.

Also very likely that in Herons 214 sq/km better and more productive wells await, no wonder so much effort and man hours are being expended on nipping our success in the bud however they are already too late, they might hold us down for a few weeks or months but they cannot hold us back forever.

Now we wait to hear how the company will fund 2025 drilling season, DQE deal, soft loan, share issue etc. Loan of 15 million would be my preferred option, enough to allow remedial works to H2 and drill more Heron wells, creating revenue must be our prime objective.

H2 was disappointing flowing at 30 bbl/d, but its not dead, its suspended over winter until remedial work can be carried out in spring 2025, every likelihood it will be commercial though not as “enthusiastic” as H1, but a cash generator no less, costs should be minimal, its already drilled and cased, MB has said it will be re-perforated, be great news if that’s all it needs, case of wait see.

Gobi, no positive result there, however no matter how the data is analysed it says oil in place so certainly worth another look and further investigation but ONLY when we have the cash to do so, by that I mean more Heron wells to generate revenue must take priority.

MPRAM sign off needed for our PC oil sales agreement, bureaucracy moves slowly in Mongolia, cant be too much longer before we hear this has been done, once formalities complete we can sell the oil from H1 which is currently stored at PC facility, H1 has been in production for 50 days, averaging 250 bbl/d so just over $800,000 of oil ready to be sold, thankfully we have enough working cash in bank for at least the next 4 months, by then MPRAM sales agreement will be signed (expected anyday) and we will be selling our H1 oil and have a steady source of income, once these gas pressure surges are defeated production can increase by 3 fold plus.

Ignore the noise, ignore the NEGS: adw, espen, gusto, stas, xxproinvestor (aka Mr Microsoft Co Pilot) etc etc etc who post outrageous mis-information such as each Heron well will have 40 days downtime per year, another good one is their claim we will only get $30 per barre

Seems our fishing net is full of Red Herrings !!, just caught a Gusto

Alert, xxpro aka Mr Microsoft CoPilot has arrived, clueless, but in keeping with Epsen (aka liar liar pants on fire) and Adw clown Prince of fact.

Come on "boys" must try harder !!!

Me thinks Alans55 and Adw might be very close twins, so close they share the one body and the half brain.

Adw, my average here might surprise you, it was low before the fund raise and is significantly lower now, as for how much i have lost here i can tell you that, the answer is ZERO, you only lose when you sell, thankfully i was not one of the investors scared off by the NEGS prophecies of doom.

On numerous occasions i have said i am here until post refinery as i believe that is when MATADs true value will be realized.

Seems your making assumptions again, but good you admit you dont know what your speaking about.

Adw, on numerous occasions you have told us you know nothing about oilfield, yet you base your negativity on how H1, H2 etc have performed to-date, H1 has been producing for 7 weeks, it has a life span of around 20 to 30 years, there are a range of oilfield techniques, tools and practises that can and will be used to increase oil production but at 7 weeks old the well must be assessed before any decision is made on how best to proceed.

As per my post yeserday, the pressure spikes stopping us from opening the choke may well stop or stabilize, if they do we can open the choke for more production, if the pressure spikes do not stabilize we can fit a higher rated wellhead and increase production but first and foremost the well has to be controlled.

H2 options are re-perforation, if the original perforation was poor then no matter how much oil H2 has it will not give it up, re-perforating will eliminate this potential problem, if re-perforation (inexpensive and 2 days to complete) does not work we move onto the next step, many think a hole is drilled and oil flows, sometimes that is the case, many times the well needs help as in the case of H2 remedial work required.

Really best not to comment on things you know nowt about.

Once we get 3 or 4 wells each producing at or around the 500 bbl/d mark the sp rerate will be exponential, where it goes after that is antones guess but 30p minimum in a few years from now and i beleive that to be quite a conservative "guess".

Christina Aguilera , Can't Hold Us Down

Really dont think the last RNS was that bad, games afoot, try as they might they will not be able to hold us down over the long term.

Heron field loaded with oil, 60,000,000 barrels, and its our oil.

H2 capable 800 bbl/d, H1 remedial works will almost certainly give us another commercial well though possibly not quite as "enthusiastic" as H1.

GOBI 1, no matter how the data is viewed there is oil, could well be it needs fracked, we will find out.

As YAZZ said, the Only WAY IS UP.

Love it, $30, $35, think we will wait for MATAD to tell us the actual figure rather than the figure the "NEGS" would like, as usual they predict the worst possible estimate so being realistic if they say $35 we can probably be assured its more than that.

Jarv, we will be paid Chinese DAQING bench price less $1 per barrel, all agreed.

For info DAQING bench = Brent less 7.5%.

We should hit our first $MILLION of oil production from H1 just before XMAS day.