Member Info for abzzba

Feel free to read back my previous posts, everything explained,

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel, its quite simple to work out as MB quoted two precise figures.

We are paid Daqing bench less a dollar, currently Daqing trades at a 3.5% discount to Brent.

So:Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295, all you need do is subtract from that the PSC percentage paid to Mongolia and you will end up circa, PSC percentage is "circa" 18% so MATAD nets circa $38.7819 per barrel, NOT the $33 your chum Unnd would like us to believe.

So @ Brent price of $63 we receive around $95,000 per week based on 350 bopd.

(PS, not sure your red brick education was worth it).

Unnd, its best to use figures you are 100% sure of rather than guess or assume as you have done, MB was very clear during the AGM and stated the exact amount we are paid based on $70 Brent, from that we can work out Daquin price, MB also told us that at $70 Brent PC pay us $54 and we have a $43 profit after paying PSC fees, suggest you stick to facts rather than guess work and assumptions.

Unnd, my issue with your figures as follows, the RNS figures you are using do not state exactly how many barrels we are being paid for, it simply states July production, Sept production, hence i prefer to work on the price per barrel where MB has actually stated real figures, not assumed figures you are using.

Unnd which part of my 14.21 post do you not understand, its clear as day.

We are paid Daqing bench less a dollar, currently Daqing trades at a 3.5% discount to Brent.

So:Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295.

Unnd, let me try one last time, take your time reading and suggest you maybe read the below a couple of times.

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

............................................

We are paid Daqing bench less a dollar, currently Daqing trades at a 3.5% discount to Brent.

So:Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295.

Agreed PC are holding back 30% but this will be paid, simply a case of Petro China being obtuse.

I would estimate they now owe us around £1,000,000

From the above we have Mongolian fees for PSC terms.

Unnd, i forgot nothing, my earlier post clearly states we have PSC fees to pay to Mongolia, TRY reading things twice coz you sure as hell struggle reading them once.

Unnd, the fact i prefer to be accurate and post checkable facts whereas you post assumptions along with a bit of fact means you are.

1: either amazingly stupid.

2: could be obtuse.

3: simply trying to deceive readers with fake numbers.

I plump for number 3.

Unnd, you appear to be quite dim, suggest you proof read your posts before hitting the post button, for info,

Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295.

From the above we have to subtract PSC fees to Mongolia, its really not rocket science.

"I think Unnds reference to September was a typo", could well be, certainly the rest of his figures are garbage

Unnd, see correct figures below. All very checkable unlike your figures where you make assumptions.

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

............................................

We are paid Daqing bench less a dollar, currently Daqing trades at a 3.5% discount to Brent.

So:Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295.

Agreed PC are holding back 30% but this will be paid, simply a case of Petro China being obtuse.

I would estimate they now owe us around £1,000,000

From the above we have Mongolian fees for PSC terms.

Unnd, 2 things that make your statement "So MATD received $110k for September production which if you add back the 30% withheld is $157k. Brent was at $70/barrel which gave a realised selling price in China of $66.40. " complee garbage.

1: We are paid Daquin/Brent based on the month of production.

2: You state Brent was $70 in September, this is utter garbage (like most of your facts) see the link below which shows Brent was well under $70 for the vast majority of August and Sepember, suggest you grow up.

https://tradingeconomics.com/commodity/brent-crude-oil

Doc, i prefer to use MBs checkable figure and the RNS stated below. Much more detailed and accurate than Unnds fictional figures.

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

............................................

We are paid Daqing bench less a dollar, currently Daqing trades at a 3.5% discount to Brent.

So:Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295.

Agreed PC are holding back 30% but this will be paid, simply a case of Petro China being obtuse.

I would estimate they now owe us around £1,000,000

From the above we have Mongolian fees for PSC terms.

The 29th Sept RNS/ Interim Results/ Financial summary/ first paragraph/ last sentence states

"The realised oil price for May was USD 60.7/bbl, USD 65.2/bbl for June and USD 64.4/bbl for July" (feel free to check those figures).

I33, plus we get a lot more for our oil selling to the refinery, no transportation or handling costs

Looks like our NEG friends, ADW/Doc etc etc intend disrupting the board again today, we might have guessed this would happen as we get closer to news which has got to be close.

Lot of mind games and false figures being posted here, best stick to the facts, farm in new well advanced, that was a few months ago so no doubt more progress made.

Gazelle initial production set at 200 bopd, assuming reservoir pressure is hanging in there every chance we could see an increase in bopd at Gazelle, H2 beam pump was realigned and started pumping 5th November (RNS), cannot see why we would still be pumping if we are not getting anything out, i would suspect the well would have been shut in by now and reworks next season but that has not happened so i would guess we are pumping oil, even low bopd is fine, perforation blockage was mentioned in 5th Nov RNS, if thats the case it could be sand same as we had early days at H1 but we know H1 sand was flushed through, that could well be where we are with H2, pumping oil and flushing sand out.

All to play for, we are sitting on billions of dollars of oil and to make things even better Mongolia really need that oil for the refinery, block XX is the only untapped oil field capable of delivering oil in the quantity the refinery needs, hencr bloxk XX being designated special purpose land (Ref RNS 5th Feb 2025).

I33, why not post that letter here and everyone can use it as a template.

For info i contacted FCA/LSE etc earlier in the year about manipulation, BASHERs etc etc and the toxic posts on here so i like to think those letters played a small part in the recent news at the below link, really is time posters like Adw etc etc were taken care of.

https://www.proactiveinvestors.co.uk/companies/news/1083477/lse-reportedly-targets-wild-west-bulletin-boards-in-crackdown-on-market-abuse-1083477.html

Adw getting very desperate as new draws near, feel free to check the following figures.

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

............................................

We are paid Daqing bench less a dollar, currently Daqing trades at a 3.5% discount to Brent.

So:Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295.

Agreed PC are holding back 30% but this will be paid, simply a case of Petro China being obtuse.

I would estimate they now owe us around £1,000,000

From the above we have Mongolian fees for PSC terms.

The_Linns, rest assured if there is a negative spin that can be applied Adw will apply it, and if there is not he is not adverse in making one up, god only knows how often he has been caught misleading and lying to the board.

Brent average so far in 2025 is just under $69.

WOW, did not take the NEGs long to react (HeHe).

Keep in mind once we start supplying the refinery we will not have Petro China transport/handling costs so we can expect around $12.50 more for every barrel of oil.

Also worth looking at 29th Sept RNS/ Interim Results/ Financial summary/ first paragraph/ last sentence states

"The realised oil price for May was USD 60.7/bbl, USD 65.2/bbl for June and USD 64.4/bbl for July" (feel free to check those figures).