Member Info for abzzba

Quite amazing how plonkers like espen & Co will whittle away their boring little lives trying to convince holders to sell, would not be quite so bad if they actually knew anything but its mostly pure gibberish.

Day 32 of H1 production at or above 250 bbl/d = 8000 barrels stored, brent sitting at $75 today so we will get around $70 per barrel = $560,000. Could be a lot more if they opened H1 choke as per last RNS.

Great update, Really !!.

30 ton at 8-10 g/t Au = max 300 grams, at todays price of £68 per gram that equates to £20,400 then the price is reduced as your getting market spot price less between 20-30%, lets be kind and say its just 20%, so that leaves £16, 300 for your efforts, but wait, you got to give your partner their share, guys, get real, it hardly covers the biscuits.

That is a rehash of a 2 month old story, well out of date, Saudi threatened to open the taps as OPEC targets were not being adhered to hence oil price was dropping, Saudi idea was flood the market to teach everyone a lesson, Saudi actually want oil higher.

More likelyhood Iran v Israel war which will increase prices, unless ofcourse they decide to kiss and make up !!!

15p expectation is certainly not a joke depending on your expected timescale, i am here until post refinery when we have 10+ wells supplying the refinery via the pipeline, when we start using the pipeline costs will go down (no trucking, fees or tank rental to PC) and price per barrel will increase slightly, i expect 35p by that time, i am in no great rush to monitize my holding.

Agreed, more new blocks the better, the more potential the better though Heron alone has the potential for MATAD to be producing many tens of thousands of barrels of oil every day in the years to come, Heron field extends for 214 square km.

Gusto, you say nothing to see here, amazed you have spent so much time and effort "here", bit dim in my eyes.

Science lesson for today. Gas Injection.

https://www.sciencedirect.com/topics/engineering/gas-injection

Thor, yes well pressure will decrease over time, on H1 we have a beam pump to suck the oil up, obviously that is not being used just now as the gas is throwing it out just now, these pressure spikes will diminish, by the same token when production falls below an acceptable level (after several years) one method used to increase production is Gas Injection, all standard stuff in oilfield world.

Keep in mind the H1 drilling and well test costs were attributed to 2019, only completion costs this year which would have been circa $1,000,000 max,

"Петро Матад Н1" худаг ойрын ирээдүйд гадаргын өөрчлөлтийг хийж дууссаны дараа өдөрт 800 баррель олборлох болно.

Revenue from H1 over the winter months plus little bit of funding to drill 4-6 wells next year sounds very manageable, lets just hope a couple of them turn out to be as productive as H1.

Or in the case of H1 there is no need to suck it out, the gas is throwing the stuff out, can understand many are impatient but it should be obvious the riches are just around the corner, does H1 not prove that ?.

To quote from the last 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."".

H1 was our first well drilled on the Heron field which covers 214 square km, so room for many many many more wells, were we lucky in drilling H1 and hitting the fields sweet spot first time, i doubt it, many more wells with similar or even better potential to come, better than we could ever have hoped for.

800 bbl/d @ $70 per barrel = $56,000 per day or $20,400,000 per year (give or take).

Wonder how many wells we will find with similar or even better potential !!.

See Adw still here filling the board with his lies, half truths and total gibberish.

Given the last RNS tells us H1 is capable of producing at around 800 bbl/d out mcap is laughable, add to this the fact H1 was the first of many wells to come the future looks very good, no idea why some posters dwell on the daily price fluctuations.

800 bbl/d @ $70 per barrel = $56,000 per day or $20,400,000 per year (give or take).

To quote from the last 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."".

H1 was our first well drilled on the Heron field which covers 214 square km, so room for many many many more wells, were we lucky in drilling H1 and hitting the fields sweet spot first time, i doubt it, many more wells with similar or even better potential to come, better than we could ever have hoped for.

800 bbl/d @ $70 per barrel = $56,000 per day or $20,400,000 per year (give or take).

Wonder how many wells we will find with similar or even better potential !!

Tend to agree, expecting news on PC sales agreement, H1 production figures, new blocks, not so sure about H2 news given we will not be carrying out remedial works until next year.

Over the winter period we may also hear about proposed DQE profit sharing deal or soft loan, lots of news due.

27 days oil production todate @250 bbl/d from H1 equates to around $500,000 of oil in storage waiting to be sold, money in the bank soon.

Great news we now know H1 can flow/produce a lot more every day, if we do hit 1000 bbl/d that equates to $2,100,000 per month from H1 alone.

Or

800 bbl/d that equates to $1,680,000 per month from H1 alone.

Becomes obvious that the Heron field itself will be a far bigger producer than we could ever have dreamed off, hence all the derampers, pooper scopers call them what you will trying to get you to part with your shares, now wait for the onslaught from them to bury optimistic posts.

Those of us with a POSITIVE outlook think the sales agreement will be ratified very soon, most likely Mongolia will give the green light without the official signing of paperwork, much the same as they have done with the well pad issue etc, so on that news expect 20% rise.

27 days oil production (250 bbl/d) from H1 equates to around $500,000 of oil in storage waiting to be sold, money in the bank soon.

Great news we now know H1 can flow/produce a lot more every day, if we do hit 1000 bbl/d that equates to $2,100,000 per month from H1 alone.