Member Info for abzzba

Justice, agreed GOBI could be huge, MATAD advised no matter how they ananyse the data for GOBI there is oil in place, to the south west Australian driller is sitting on sea of GOBI gas, we are looking for oil, its there somewhere in vast quantities.

30 to 40p will do me nicely and i do not mind waiting .

Agreed production right now is choked back to 250 ish bbl/d, but you seem not to take account of the fact H1 is the highest pressure oil well ever seen in Mongolia, from my side that means high potential flow rate, albeit next year.

Seems were scored high on Environmental Management Plan.

Thor, there is a beam pump on the surface (not downthere) but the beam pump is not being used due to the gas pressure providing all the lift we need (and more)

Altan says we need 20 million, why, think we will wait on MATAD telling us how much cash they need and how it will be funded, soft loan, DQE deal etc etc.

Adw, you think that a fair summary yet you know nowt about oilfield, think we shall leave it to MATAD, hopefully they know better than yourself how to extract our oil.

Thorn, not quite correct, initial flow rates may be the best initially, but after a period of shut in the pressure can rebuild resulting in as good flow rates again, similarly when well pressures deplete water or gas injection methods used that can be used to increase well pressures and increase production rates.

https://www.rigzone.com/training/insight?insight_id=345&c_id=

Adw, Listen to MBs last LSE interview and read the RNS, the higher the well pressure the higher the production rate, if we did not have the huge pressure we would be sucking H1 oil out with a beam pump, as it is the beam pump is sitting idle as the gas pressure is throwing the stuff to the surface, so much so we need a higher rated wellhead before opening the choke, this is where your lack of oilfield knowledge lets you down, you have little idea of even the basics, yet you continue to deny

14th November RNS: · ""Heron-1 is producing well with maximum deliverability estimated to be similar to or greater than the 821 bopd achieved on drill stem testing in 2019.""

Do try and keep up !!!

H1, highest pressure well ever encountered in Mongolia, potential to flow over 800 bbl/d, more than we had ever hoped for, Heron field potential huge, so huge it has the opposition worried.

H2 to flow 300 bbl/d = evens.

H1 to flow 800 plus bbl/d = evens.

MATAD to drill 7 wells in 2025 = 3 to 1 against

Matad to drill 4 wells in 2025 = evens.

Matad hit oil with all 4 wells = 9/8.

Gusto to be discharged = 5000 to 1 against.

Adw to become well mannered = 10,000 to 1 against.

Benign tax/revenue sharing environment.

Ref the below, lot been said about how much MATAD will actually make per barrel, my guess is more than some think.

PC / Mongolia agreement, found this paragraph of interest.

""According to the agreement, the side of Mongolia is to acquire 40 percent of the oil. Despite this, our country only receives 24 percent of it as the rest is deducted for cost recovery. ""

Including H1, H2 & Gobi we have well over 60 million dollars to claw back so I would imagine quite a few years with reduced costs. Think we can also add on trucking, storage, fuel costs etc though these would be minimal compared to the exploration costs.

https://www.montsame.mn/en/read/298448

Doc, bit rich to accuse WOS of being highly critical of anyone who wasn’t super positive, PS, Will the seller(s) stay away…Sure you said that yesterday as well ?.

L200, hang around, you will figure it out soon.

WOS, as always thank you for your posts and i would like to say your handling of the attacks you receive on here is exemplary, how you manage to stay courteous and aloof i have have no idea.

Onwards and upwards for MATAD despite the crude and often sick posts that are appearing on a daily basis.

TT, i would have said more and more sick, quite obviously he has deep psychological issues.

Strange they always seem to pick on OWL, guess they see him as an easy target, usually the way bullies work.

WOS posts, you can listen, ignore or laugh but its upto you if you invest, much the same with the NEGS, they post its upto you whether you sell.

Doc, agreed there are many more shares circulating now but there is also a lot more oil actually being produced now and the potential for H1 alone to triple or quadruple current production rates.

Agreed that realistically in the near term (5 years) i doubt we will see anything like April 2011 price of £2.11p but beyond that, 30 or 40 wells down the road who knows.

Xxproinvestor, i re-read your last 2 posts, i do not see any questions to answer ?.

However i am happy to answer the question i posed to you and give a link to Schlumberger online doc that describes the parent/child well dilema in better detail, I always feel its better to back up posts with a link or checkable data, don’t you, no I guess you don’t as you never do.

Wingster asked why we dont just drill a well (H3 i guess) adjacent to H1 where we know there is oil, if we did this it would be described as an infill or child well, there can be benefits in doing this but there can also be issues (Schlumberger link explains) basically H1 production rate could fall off (but not guaranteed to) and H3 is unlikely to be as productive as H1, the combined output from H1 and H3 would almost certainly be greater than we would get from H1 alone but the result would almost certainly guarantee a shorter life span for both H1 and H3, simply not possible to state an exact life span but certainly nothing like the 20 to 30 years life span we can expect from H1 just now with no other well near, that said H2 is 800 metres (2600 feet) away from H1, this lies just outside the furthest norm for a child well, normally the limit is accepted as 2500 feet, theoretically (as per my 9.00 am post) we could frack H2 and turn it into an infill/child well of H1, worst case scenario we bleed both wells dry in 5 or 10 years while creating much needed revenue in the very near term and next 5 or 10 years.

As the SLB link below states infill/child wells account for 60% of new wells drilled in North America, if it works there no reason to suspect Mongolia would be different.

https://www.slb.com/zh-cn/business-solutions/infill-well-optimization

Thats handy, maybe you could describe the impact of H1 as a parent well and say drilling H3 as an infill (child well) well, the expected outcome for production from both and the impact on well life expectency, the pros and cons basically, sure you will agree that for short term revenue generation an H3 infill well might be beneficial ?, your thoughts appreciated.

Sounds like xxproinvestor been talking to microsoft copilot again, dummy.