Member Info for Adw198

Now now gravy you leave the adults to it and keep following me around like a deranged mentalist.

Who is massively down here.

Go on ease me into my first glass of red and tell me your average?

This is AIM, you need to realise it’s a slightly fixed lottery mate, and you’ve probably spunked your inheritance on it. :)

Tbf I should also acknowledge, by way of balance, that to his credit Thorn doesn’t get too involved in the Punch and Judy nonsense. He’s (mostly and until recently) polite and possibly / probably a good bloke away from this pantomime.

These boards would be so much better if there could be adult exchanges discussing all views. There are idiots on both “sides” (Espen / Gusto v Tenbag, Abzzba, WOS, Velo, Gravy, that Tipton Tommy wannabe Dozzwba etc but the truth is usually somewhere in the middle.

Anyway, sermon over. I’m off to watch some sport and get phished ahead of tomorrow news or non news. Cheers!

Yes agreed. And in fairness he doesn’t tell (m)any lies, he just parrots what he knows to be nonsense like I quoted. Like he did when WOS stitched together his quotes on the renewables. He also has a habit of continually getting his facts wrong, coincidentally always to the upside. Eg

He claimed H2 was on the periphery of the field.

He claimed H1 was producing 250-300bopd

He claimed H2 had potential for 50bopd

He claimed MB invested £100k

Little or downside here

In isolation fairly minor mistakes, even for somones who has sold the family silver to invest here. But the pattern is of trying to deceive.

He’s made his bed with the likes of Abzzba, WoS, Gravy, Tenbag, margaritas etc etc.

Hopefully he gets what he deserves and everyone learns a lesson in not chasing rainbows.

I see Abzzba has picked up the BS baton for a bit

“Not much doubt H1 & H2 (post remedials) combined is more than adequate to cover costs with cash left over, question is how much cash”

Given there’s uncertainty about what H1 can be improved to and no clarity on whether they’ll crack on with H2 this is another baseless claim. Especially because you don’t know about costs, either to produce the oil or at the corporate level.

And then your equally dishonest mate thorn picks up the baton and on the basis of your “analysis” claims there’s little / no downside.

It would be beyond funny is something happened to H1 - as MB mentioned as a risk and you were left with just the might H2 and its 30bopd “potential”. Which when then would require more funds than available to bring to production .

With apologies to the grown ups that would be justice for the lies and attempts to deceive.

@corpse

FWIW I’d say it’s almost certain H1 will produce more than 200bopd. They explained the sand issue is an easy fix. Obviously that update failed to address whether the initial pressure issues could be remediated. To me that doesn’t sound that promising, or perhaps they just don’t know. All fair grounds for discussion and all views welcome.

My main point is the same people(like Proquo, Abzzba, WoS, Tenbag) who were making such confident / bullish statements and shouting down any alternative views have failed to acknowledge the performance is circa 15% against THEIR own expectations. Nothing wrong with being wrong but incredible to just air brush it out of history and reassert themselves as the oracle of truth. Nobody has been more wrong that that lot.

The truth is nobody knows, including MB.

“Illegal behaviour” aka quoting and fact checking the previous nonsense.

No wonder these people either provide a running commentary on their filtering or accuse others of criminality - they just can’t handle being held to account or having their wish list predictions examined.

Usual caveats like you’re so wrong, so often but haven’t acknowledged it?

Eg in November 4th

“Good flow rate at H2, get both 1 & 2 pumping throughout the winter months opening the chokes incrementally to get to say 1300bopd, build income flow, start borrowing through RBL to expedite growth.”

The reality is what sounds like AT BEST 200bopd. So a 6th of what you expected. No word of disappointment, no humility. Just more certainty and alleged top ups.

@thorn

“Imagine in a month or so with sand screens and a resolution of pressure issues if Heron 1 was producing at >500 barrels/day.

That's $7,300,000 clear profit per year as a minimum”

Please explain how you calculate profit without knowing OPEX?

Proquos pretend positivity doesn’t tally with his expectations expressed in November

“Btw for those who doubt we'll be selling oil soon, it's clear that we won't be waiting for sign-off from PC head office before going ahead. The RNS clearly states that the selling will start once Mrpam gives the go ahead and we know from the recent sudden rush of support from Mrpam that they want to get a move on too. The commercial terms have been agreed and it's clearly now with the lawyers trying to tweak the form of words. Given that the company has gone ahead with the storage of the oil at block 19, and that the operators of Block 19 have agreed to go this far, it seems a reasonable assumption to think that this final stage won't a protracted one. We don't want it, Mrpam clearly don't want it, and why would PC want all their tanks filling up if it wasn't going to shifted soon? Ignore the mushrooms in the dark. We'll be flogging oil by Xmas for sure. Income, income, income then from a free-flowing well with huge upside once they feel they can open the choke safely.”

Was he lying then, or just plain wrong?

Course it was Proquo.

Just like you didn’t read my comment and realise you’d be caught lying.

Proquos average last week was apparently 1.92 and his tiny top up has apparently brought it down to 1.70p.

So he’s either playing with pennies or a liar.

“Doc , I know the truth doesn’t bother you but they started it. I’ll be mirroring anyone who spreads fud here. Let’s see how they like it. Zero tolerance

If anyone want it to stop, then cease and desist your organised campaign against MATD. It’s worked with ADW actually.“

Doesn’t FUD mean Fear, Uncertainty and Doubt?

So you’re saying anyone who expresses any of those will face your retribution? So basically anything you don’t personally like? Sums up the toddler mentality. Anyone sensible would be comfortable and indeed benefit from discussing the risks.

As for me, what has worked why were you and your alias ty back over on Thx talking more gibberish this morning, what was that as “punishment” for?

And shame on the rest of you for not calling this clown out.

Thorn, you’ve turned from a mildly silly ramper thorn to a complete b e l l e n d with these repeated references to other peoples other investments. What point are you trying to make, that you’re the best investor here? Or is it to comfort yourself about how much of the family silver you’ve thrown at a Mongolian explorer?

If only the rampers had some shares they were invested in, we could go and mock those. Except you all appear to be all in here, telling everyone how happy you are with huge paper losses.

“I'd imagine he'll say we'll be getting revenue from Heron 1 which will be improved and we'll have enough to squeeze another well out and make money etc etc“

He might say that but I can’t see how H1 can fund another $4m well.

If annual corporate costs are circa $6m - $7m it’ll need to delvier that much profit (not revenue) just to keep the lights on. Which seems exceptionally unlikely based on what we’ve told about the production.

Well I can’t say with uncertainty who holds and who doesn’t, I only know about me.

But I’m pretty sure Doc for example holds.

As I’ve always said don’t believe anything anyone on here posts, just apply judgement to credibility.

@tenbag I think most of the “negs” are holders who are sceptical / disillusioned. They probably don’t want to crystallise paper losses.

I’m not a holder, something you all seem happy to accept, although you didn’t believe me when I said I was so it’s odd you believe the things that suit. I’m an interested spectator and given my acquired knowledge of the company I expect to buy in at some point, as I said when I sold for 1.81 I expect it to go higher than that at some point so 1.30 gets me interested. I also enjoy rebutting the lies and disinformation spread here. I also reply when called out / accused of criminal behaviour.

How about you, tell us why you’re here and why you run a telegram group?

Yes Velo it’s quite apparent many of you have taken a big position here, hence the ramping and attacking of anyone who doesn’t acquiesce with these ridiculous figures. There’s absolutely no chance PC would pay that. If that was their intention why would they (seemingly) agree to sell the oil for us? Wouldn’t they be better playing hardball?

Please don’t offer advice to load up because you’re another who is massively underwater. Show some humility rather than just repeat the same nonsense you were spouting at over 4p.

If you want to buy more go for it. Just post the buy so we can check you’re not a(nother) liar.

“Selling the Heron block to Petro China for 200-400million would be a sugar hit to the share price but I would rather the long term value add approach”

This is exactly the level of the ramping nonsense. On what planet would PC pay 10-20 times the value of the entire company for Heron?

And even then you pretend there’s a better outcome. Man you lot are going to be disappointed if these are the expectations. In reality I doubt it’s anything more than more shameless attempts to trick people.

@tenbsg and WOS

What do you estimate the current cash balance to be?

@stock I’m not arguing it will make people rich but I think it’s a plausible outcome.

But yeah generally agree it’ll most likely prolong the cycle. Nobody here has a clue about renewables so we’re all speculating on returns and timeframes there.

But let’s say it’s not sold and they dilute to cover running costs (I make it circa $6m a year) and maybe spin up 1 more Heron. If that doesn’t perform and / or H1 / 2 don’t improve it’s a threat to the ability to continue in business. .

Please all note Im NOT saying this is likely, just discussing risks.

The best outcome imo would be a JV to develop Heron, sharing the risk. Obviously that limits returns and the company will still need funds to cover the corporate costs aka tea and biscuits.

£20m was just my strawman figure too btw. I’m sure others will add multiples to that, despite the current MCAP making that most unlikely. It could be sensibly discussed if we could find a few sensible posters tho!

@stockmaiden

I suppose when I say it makes sense I was largely addressing the fact there’s no money to develop it. We could massively dilute but as Investor said what happens if H3 is like H2? Or worse still?

PCs hit rate was 52.8% and yet nobody wants to discuss that either.

So in that context if you could find a buyer with deep pockets then I could see it playing out that way.

Let’s say £20m ie more than the entire company is worth. Secures the future and gives lots of cash to pursue renewables and the new licences. I agree that’s probably just going to mean repeating the cycle of raises and be a downward spiral but it would keep someone the $500k salary they’ve become accustomed. And most on here insist renewables and the new licences represent a pot of gold anyway.

The above would explain why he’s been so keen to diversity / chase wildcards etc.

This is AIM - not too many Mongolian will be worried about making us lot rich.

There you gravy some actual company talk not the shrill obsessive abuse you’re limited to with your massive losses. Ans yes they delight me no end