Member Info for abzzba

More shares than specs of gold

As you say, the share price is incredibly low and it won't stay at this level for long, it will go lower

Proquo, you can stick blinkers on and cover your ears if you wish but the inevitable will happen and it will impact oil price and share prices.

It's the world we live in.

Agreed, oil will rise when Israel hit back, by how much nobody knows but my guess would be back to $120 plus, then offcourse Iran retaliates and !!!!!

Admittedly unlikely, but !!!!.

https://oilprice.com/Energy/Oil-Prices/Wild-Oil-Price-Forecasts-Some-Predict-350-if-Strait-of-Hormuz-Is-Blocked.html

Guess each investor looks at things differently, I am happy enough to hold my shares several more years, I see the real value here to be when Mongolia's refinery fires up and we are no longer reliant on PC to ship out oil to market.

Why sell for 7 or 10p when I can hold for a lot more.

H1 to H2 is 800m, yes these are tapping into same trap/ geological oil bearing sediments. Means Heron field can support many more wells, quantity unknown but ten upwards is a reasonable guess.

As each well comes online it's choked back, H1 tested at over 800 bbl/d but will be brought online around 300 bbl/d, this is normal practice, after a month or two the valve will be opened to allow more flow, perhaps 400 bbl/d, once H2 starts producing they can better judge exactly what the they have, either way it's BIG

From 5th December 2022 RNS.

Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling programme is in the final stages of discussion. The contract envisages a reduction in drilling costs and deferral of some costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract still needs to be finalised and agreed with DQE and then with MRPAM, but the cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related.

There is a good reason the rig is being stored at H2 location over winter, it will already be onsite ready to drill several more Heron wells when the drilling season starts next year, unknown how many wells Heron can support but given H2 is only 800 m from H1 ten wells plus has got to be on the cards and PC know this, they know the potential of the Heron field.

L200, ask your boss, it's him that's selling (for now)

L200, your right, more sells than buys, but why, it certainly not private investors selling at this price, see the link in my previous post to understand why there are more sells than buys then ask yourself why these MMs want to hoover up as many shares as they can, the short answer to that question is they realise the real value here and they intend making a killing as usual at PIs expense.

Richar, that's easy, he is being paid, he and a few others are attempting, and at the moment succeeding in suppressing the sp.

https://www.quora.com/Why-do-many-market-manipulators-make-the-price-of-stock-go-down-instead-of-up

Anyone remember how much Heron 2 drill cost ?, remember it was cheap drill but cannot remember the figure.

100% sure the manipulation we are seeing is due to imminent buyout attempt, PC and Petrovis are both well aware of Heron potential, as for Gobi it could well be fracking required to release the oil in commercial amounts.

Derampers arriving tells us all we need to know, they are here to do a job, hold the price down, once it's let go !!!!

Lots of drivel being spoken here by posters that were not here a few months ago, hold your nerve, hold your shares, all will become clear soon.

Since the placing huge amounts of shares have been sold off suppressing all the good news, at the same time numerous negative posters turn up on this board spouting doom and gloom, fairly obvious manipulation at play, end result will be the same in the long run, hold your nerve, look at the news, weigh up the facts, in the longer term this share is only going one way

Brent hits 80$ a bbl, by the time we get first oil (couple weeks away) we could well be at 100$ bbl.

Will certainly be interesting to see how many wells we can sink in the Heron field, my guess at least 10.

Rig to be stored over winter at H2 location, obviously ready for drilling H3, H4 etc etc after winter.