Member Info for Adw198

“PM's decline in the share price since May simply reflects the index and the AIM O&G sector generally in the second half of last year. It hasn't been company specific at all”

That’s a very odd claim. Firstly the decline here is basically a fall of well over 50%, which isn’t true of the index. Secondly it’s quite clearly been news / event linked. The was behind the first big drop and the news on H2 caused another 35% in a day. To dismiss these things is head in the stuff.

Thanks Unnd - I think that’s a pretty reasonable / plausible outcome. I certainly don’t think they’ll raise even as much as last year. I think the key is knowing how many barrels are needed to become self sustaining. I think we can say with certainty that 200bopd isn’t enough, which is why H2 not being great was such a blow.

My best guess is they’ll try to raise on the back of something positive, which could be the deal with PC being announced. I suppose a plan for H2 could also constitute good news, so that’s another possibility. It doesn’t sound like H1 will be producing more than 200bopd until winter ends and they can do the remediation

Morning Unnd

Thanks for your posts - quite a bit of thought / research has gone into them.

Could I check something - you speculated about a$5m raise and said it would be “to resolve H1, H2, new blocks and a 4 drill 2025 drill campaign”

Would $5m really cover 4 new drills - I thought it was established it’s $1.5m a drill and $4m to bring onto stream?

I’m going to make a concerted effort not to get too involved in the idiotic name calling - I’ve not helped on that front.

I’ll just point out nonsense eg

“H1 itself is capable of 500 bopd plus, Nov 14th RNS mentions 800 bopd”.

Where does anyone (other than Abzzba) says it’s capable of 500bopd?

Made up figures. The 800bopd was the maximum. Go for a run and see what you can AVERAGE - then tell us if that’s your MAXIMUM possible speed.

Bigtime triggered the lot of you whenever anyone doesn’t sup the Kool Aid.

Factual posts makes me laugh thorn - you get caught by lying and then dismiss it as nitpicking.

Proquo gets so rattled he has to green box people and then constantly slate the posts he can’t read. And look he’s just accused Ummd (who completely ignores all the bull s h i t but gives a mature, well reasoned analysis) of having an agenda just because he doesn’t like what he reads.

Every single one of you is well underwater yet completely in denial. It’s great to see.

I can’t wait for the placing.

Anyway lads, after all that concerted effort another flop of a week.

Turns out making false claims and cutting and pasting the same discredited posts doesn’t help boost the SP after all.

Catch you next week

Yep borderline commercial, I gave the full quote and the accurate figures. You got them wrong, denied it, eventually accepted it was wrong by 60% (in the context of something being borderline) and lacked the humility to correct yourself.

It’s like the periphery fake claim all over.

Can you imagine the fuss from the rabble rousers if me or Doc got a figure wrong by 60%, made a false claim about commerciality and then refused to backdown, eventually accepting being wrong and dismissing it as nitpicking.

We get told we’re lying for “quoting” the contents of an RNS. :)

The debate here has been won.

Thorns been caught lying so gone all belligerent .

Telling me a well they choose to suspend IS commercial is impressive.

:)

20 barrels per day does indeed makes a difference when it’s 60% more than the reality and the reality is (only) borderline commercial. Perhaps had you understood the figures you wouldn’t have been celebrating the RNS announcing it that led to a circa 40% drop in the SP.

You quote a wrong figure, get corrected, go quiet, deny being corrected then admit you were wrong so resort to saying it doesn’t matter.

There’s nobody sensible posting anything credible to the positive. Just some tired old men with their fantasies of getting rich based on no business plan.

What a board!

Meanwhile Lonely Abzzba shouts at the back calling people liars but not explaining anything himself.

I’ve overrated your intellect and reasonableness Thorn given you lack the brains and / or intelligence to just accept you over estimated the RNS by 60%.

Not nitpicking just a minor correction

No thron you said 500bopd and that it is commercial

I corrected you that the RNS said 30bopd.

Who was right, me or you?

Re commercial he said probably marginally commercial as a winter producer”. I gave you the timestamp of the interview.

You said 50 bopd, it’s 30bopd.

You said is commercial, I gave you the exact quote.

Are you saying your figures were right?

Truth hurts

And all this because I corrected thorns made up figures and quotes about H2.

Lonely Abzzba jumping in to help his online mate. Do you have any in real life or is that why you went offshore, as nobody wanted you around.

A lifetime in oil and clueless on an oiler. Brilliant work mate :)

Stockmaiden seems fair. I see nothing wrong with his position and he’s not rude that I’ve seen. If you disagree with him no worries - I’ve not seen any lies.

I’m not sure I’ve ever got involved in anything gusto and espen have said. They’re here to goad and give an equally one sided negative account. Happy to call them a pair of p r i c k s - altho ultimately I see more truth and validity in what they say.

You’ve hailed WOS, Abzzba, Tenbag, Proquo haven’t you? (Or certainly most of them when directly asked who were all the astute posters).

Embarrassing that - suspect you know it too.

@thorn behind your biased exaggerations you’re probably sensible and reasonable in real like. You must be embarrassed the standard of the bull case here.

A motley crew of demented losers who can’t debate the pros and cons so just resort to trying to distract with abuse and copying and pasting their own earlier made up nonsense.

It’s a laughing stock of a message board which doesn’t reflect well on the company.

If you had any integrity you’d call these people out but instead you stand alongside them.

Insecure?!

You brought it up, LYING about my position to deflect from sensible chat here.

Honestly, how thick are you? 1 AIM investment and run a Telegram echo chamber where you kick out anyone not drinking the Kool Aid. Insecure!

They haven’t got $14m to spend is the point being made. Investor has defended it saying well we only need to spend 900k if it’s rubbish. So whatever happens you’ll all be happy - we get it.

@thorn

Think there’s been a misunderstanding - I didn’t bring your name up I brought up “Thor” as in Thor Explorations (THX) who Tenbag brought up for no other reason than he’s looked to see where else I’m investing so he can act a bell e n d about that company. Which hasn’t worked out well for him because it’s one of the best investments I’ve ever made. It actually makes money!

“If they haven't got the funds to develop the new block, or if they can't find a JV partner, then they can exit after 2 yaers with fairly minimal cost relative to your $14.7m”

So best case from a spend perspective is $900k over 2 years and then walk away with nothing. That’s the best case! Do MATD have a spare $900k - absolutely not. If Gobi was a goer wouldn’t they be better spending on that, or Heron, or Renewables?

Is there anything ever you lot think isn’t a brilliant idea and great decision?! Or do you not feel confident enough to be honest?