Member Info for abzzba

Problem with the North Sea will the idiot eco mob and the government allow it to be brought online, quite a few viable projects have been mothballed.

I wonder if its this that has the negs worried.

https://www.timesofisrael.com/iran-said-threatening-definitive-painful-response-to-israel-likely-before-us-election/

Manipulators throwing everything they have at us, must want us ""badly"", well you can have my shares but got to be 35p plus.

Stas, no point giving an informed analysis as it would be wasted on you and your chums.

Pray tell if there is no seperator tank onsite how did we seperate the oil, gas, water and stimulation fluids before trucking our first tanker of oil last Friday.

Stas, complete and utter garbage, seperator tank can clearly be seen in the photos of H1 well site, why oh why to people comment on things they know nothing about.

Having read and digested the "numerous" negative comments i have decided to hold, no doubt some nervous investors will be swayed and scared into selling but that is their problem, nice try boys but simply not good enough GUFAW !!!!!, 3 out of 10.

Thornogson, well said and i agree, who is worried about sp today, next week or even next month, i am looking at sp post refinery start up, more wells, thousands bbl/d production, thats when we will see MATADs real sp value.

Doc, i care not one jot what you think or say !!.

My thoughts are its just a matter of few days till H2 well test results released, given how long the well test is taking i am now quite sure we will hear good news, they are not taking this long for no oil, non commercial well would have been identified fairly quickly.

Corruption in mongolia, seems like the negs scraping the bottom of the barrel now.

If there is some sort of DQE sharing deal or JV with PC i would prefer to see it apply only to Heron field at least for now, that way we can poke holes in Gobi and see what we get before considering any sharing / agreements on Gobi, no point sharing all our riches if we dont need to.

Hands under bum

Todays budget may well impact share investment however i doubt many MATAD PIs would rather sell at a loss rather than pay the CGT on future profits, they would need to be rather dumb to do that, but i can see why the NEGS think this.

Agreed, H2 well test result due any day, remember this well came in a week early and now the construction permitting process is no longer required we have every chance of putting H2 into production prior to the winter shutdown, revenue from H1 and H2 over winter would help greatly.

Roughly the same as MATAD in 18 months, good news indeed for those that hold and longer term who knows, April 2011 we touched 201.5p, could we ever see that again in the longer term.

Guess we must be doing something right, why else would parties unknown keep selling shares, its certainly not scared PIs selling out at a loss, why else would we be attracting daily attention and posts from so many negative """""investors"""" intent on commiting investment suicide.

Google Soco Sells Mongolian Assets.

https://www.energyintel.com/0000017b-a7a7-de4c-a17b-e7e745c70000

Could easily happen again.

Lots of negative noise so lets concentrate on the facts.

1: H1 now producing, initially we heard 300 bbl/d but this will increase output in a month or 2, standard oilfield practise to start a well off slow, this equals revenue over the winter period.

2: H2 currently being well tested, result due any day but it looks positive according to the drilling RNS, exact flow rate TBA advised soon once the well test is completed, will it be producing over winter, its close but yes we should manage to complete the well before the winter shutdown and add more revenue over winter.

3: DQE / PC / soft loan options or outright take over all being bandied about, really is a case of wait see but either way its good news not to far away, Mongolia seem to be working in the background to make this happen faster probably due to the refinery needing 30,000 bbl/d.

4: We get the impression Mongolia now in a hurry to make sure the 30,000 barrels a day they need for the new refinery is available, we know the pipeline will be ready Q3 2025 and the engineers confirmed last month the refinery will be ready March 2026. Certainly Mongolia red tape seems to have melted away in an effort to get MATAD producing.

5: New blocks in proven oil reserve areas about to be awarded, MATAD seem quite certain to pick some of these blocks up.

6: And most importantly (for me), my gut says this is right.

An excellent easy to understand article on well stimulation below for anyone that wants to read it, its always good to understand, seems quite a few here have no idea.

https://www.petrosync.com/blog/what-is-well-stimulation/

200 bbl/d initially may be correct for the first few days of production, its called "swabbing the well", basically clearing out all the fluids used during stimulation, see link below which will explain though its general info on swabbing and starting a well off, within a week of first production all fluids will be drawn off and we are into production, initially low end to ensure no reservoir damage or huge pressure drop off, then (1 month/2 months later) the choke will be opened to allow more flow/production, all standard practise when initializing a new well.

https://www.globaleee.com/global-news/-history/swabbing-in-drilling

Frozen soil depth Mongolia

(1) Soil typically freezes from September-November and thaws from April-June, with a maximum frozen soil depth of 100-280 cm attained in February-March.

see link

http://alg.xjegi.com/EN/10.12118/j.issn.1000-6060.2021.317