Member Info for abzzba

Good background info can be found at the below link.

https://geoexpro.com/upstream-projects-for-the-global-transition/

The refinery is almost certainly why Heron oilfield has been confirmed as State Special Purpose Land. This is the first oil exploration and production area in Mongolia to have been given this status.

There is no doubt that Herons oil is crucial for the refinery project and Mongolia’s future, See RNS below.

https://www.lse.co.uk/rns/MATD/certification-of-block-xx-exploitation-area-kfsvh3vqi29j5pn.html

In the presentation MB states chance of success as follows.

H2 = 70/75%

Gazelle = better than 50%

Gobi, he would not be drawn on a CoS but feels confident, if we hit the sweet spot we are laughing, if we miss we can still end up with a commercial oil well, we could off course miss the oil completely but one would hope that with the addition of the wireline logs and geochemical analysis of the well cuttings we now have a much better understanding of the well than we did post drill.

Yes i believe he has understated the CoS for H2 and Gazelle, no doubt he feels it best not to overs estimate, as for Gobi my own thoughts are he is quietly confident of finding oil at Gobi as well, he was rather enthusiastic and confident during the presentation, probably there are good reasons for that.

Meantime feel free to deceive the idiots you can get to listen to your outrageous claims.

I am more than happy to let our CEO get on with it as he sees fit, he has decades of experience of drilling wells, i just wondered why we would now have a lesser CoS now we have drilled the well and have had time to examine the wirelog data plus the Geochemical analysis of the well cuttings, we all bow to Adw and his expertise and accept that our CoS is now LESS.

No doubt we will be looking at a 5% CoS by tomorrow according to i am no oilman Adw.

Looks like Gobi CoS has now reduced to 10%, it was 15% pre drill, lets not forget we now have wireline logs plus geochemical analysis of the well cuttings so i would imagine these will trow a "bit" of light on where the oil is hidding, surely not Adw trying to deceive again, surely not ?.

The refinery is almost certainly why Heron oilfield has been confirmed as State Special Purpose Land. This is the first oil exploration and production area in Mongolia to have been given this status. Herons oil is crucial for the refinery project, See RNS below.

https://www.lse.co.uk/rns/MATD/certification-of-block-xx-exploitation-area-kfsvh3vqi29j5pn.html

Just in case anyone needs info on our farmout and those involved.

It appears there may be a new ENTITY on the horizon. MB confirmed during the presentation that talks with Indian explorer taking place.

ONGC (India) overseas subsidiary OVL is exploring potential oil and gas exploration opportunities in Mongolia. This interest stems from discussions between Videsh Limited (OVL) and the Mongol Refinery, with the Indian Embassy in Mongolia actively facilitating these talks. The discussions include collaborations on oil exploration and other mutual interests.

Here's a more detailed breakdown:

ONGC Videsh Limited (OVL): https://ongcvidesh.com/

OVL, the international arm of ONGC, is actively involved in these discussions.

Mongol Refinery: The Mongol Refinery is interested in collaborating with ONGC for oil exploration in Mongolia.

Indian Embassy's Role: The Indian Embassy in Mongolia is playing a key role in organizing meetings and facilitating these discussions.

“””Specific Focus:The discussions are focused on exploring oil and gas opportunities in Mongolia, with a possible partnership for upstream growth.”””

Historical Context: India has been involved in a project to build an oil refinery in Mongolia, with a $1 billion loan from India. This refinery is expected to utilize crude from Mongolian oil fields.

2025: https://www.facebook.com/100064495280063/posts/on-5-march-2025-embassy-of-india-organized-a-virtual-meeting-between-ongc-videsh/1039552271537939/

2025: https://x.com/IndiainMongolia/status/1897565460696121451

2025: https://eoimongolia.gov.in/albumimage/Mzg,

Obviously these talks have been ongoing for years, see 2021 article below.

http://www.mongolianbusinessdatabase.com/base/newsdetials?id=27601

Another “possible” in the race is Gobi Terra (UK) Limited, they have just completed a farmout with Elixir Energy Limited earlier this year, they are run by Mongolian financial guru BAYANJARGAL, Byambasaikhan, he has been involved in some of Mongolias largest energy/mining deals including the Rio Tinto mine.

https://www.listcorp.com/asx/exr/elixir-energy-limited/news/farmout-of-mongolian-assets-3154430.html

Also guaranteed Petro China & Sinopec/Dongsheng are interested in Heron.

In the presentation MB states chance of success as follows.

H2 = 70/75%

Gazelle = better than 50%

Gobi, he would not be drawn but feels confident.

H1 was put on production on October 25th last year, imagine, by October 25th this year we could have 4 wells in production, failure, i think not.

LuckyR, i think genuine shareholders are well aware of the games being played by the likes of Adw, Doc, StockBOT, Furry, KR, ESpen etc etc, it really is a shame these people have turned the board into a toxic diatribe that many genuine investors no longer wish to use, but this is their goal, ruin the board, ruin the company, it is what professional STOCK BASHERs do, shxt way to make a living but there you have it.

Quite reasonable update, much appreciated.

I previously asked Adw but he refused, maybe you would indulge us, reasonable costings for the following.

H2 Acidization = ?

H2 Well test = ?

H2 Completion = ?.

Gazelle WEll test = ?

Gazelle completion = ?

Gobi Well test = ?

Gobi Completion = ?

Jimmythebrush, can you give us your costing please to bring Heron 2, Gazelle and Gobi to production, i should think you have these to hand before you make such a claim,

Ftse, go to the top of the class, that boy Adw go stand in the corner with the dunce hat.

Gravy, understood, was just catching up as got home few hours ago.

Adw, if you have to ask that question why would you think we cannot afford to get these wells into production ?, its a reasonable question, you keep saying we cannot afford this/where is the money coming from, how have you reached that conclusion, answer appreciated, we are waiting.

Have you given thought to the several hundreds of thousand of $s of Property, plant and equipment assets, plus inventory assets stated in the financials ?, how much production tubing, wellheads, flowline equipment do we have in stock and ready for use ?, if its in stock we have no need to buy, these are all clues you need to keep in mind, i ask again, why do you keep asking how we will pay for these wells.

Whilst i am happy to help and give my thoughts to genuine investors i have no idea why you would think i would want to hold "your" hand and guide you through this, its really not my problem that you are TOTALLY clueless about oilfield equipment, well testing, completions, costs & operations etc.

Adw, not sure i am qualified to teach "special needs", but as its you i will give you a clue, just one: "CASED TO BOTTOM", now once you have figured that clue out also keep in mind this is not a drill rig that will be conducting ops, its a small inexpensive workover rig hired for all three well workovers (small workover rig, small crew, small daily cost), also keep in mind that GOBI is a shallow well, i know its a lot to think about and something else for you to wrestle with, so you now have a few clues to work with.

PS, might be an idea if you read the various related RNS again, listen to the presentation as well, i understand concentrating is quite difficult when reading all these words or listening to an hour long presentation but try your best, dont want you overtaxing yourself as you will just get angry and hit back with CANCER jibes, so big breaths.good luck.

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I guess it would also be helpful if Petro China paid for our oil, that would make a big difference,

Adw, thank you for not wishing cancer on me (today so far)

Doc, on this we are agreed, it should be StockBOT.

You may wonder why we have such a disgusting heading above, quite simply the influx of stock bashers has turned this board TOXIC, posters such as Adw, Doc etc have in previous posts wished cancer on MATAD investors, hoped thet have heart attacks and called all MATAD investors autistic, since these low life appeared in Sept/Oct last year the board has been toxic, many genuine investors no longer use the board due to this posting behaviour, this is all part and parcel of STOCK BASHER behaviour (see link), some are downright nasty, others (like KevR very subtle}, will leave you to decide who is who.

https://www.griproom.com/fun/how-to-spot-fake-comments-on-stock-boards

https://www.investopedia.com/terms/s/stockbasher.asp