Member Info for Adw198

The silence on H2 is deafening. I’m not an oiler (and have the humility to state that) but given over 2 months ago we weee told…

“Pressure data recorded during the test and the details of the stimulation operation will be reviewed to determine if the flow rate is an indication of low reservoir permeability or some other down-hole issue. Heron-2 is now being suspended and once the data evaluation is complete, the forward programme for the well will be determined”….

Isn’t it fair to assume that they’ve not identified “some other down hole issue” and it is what it is - a borderline dud?

I’m interested stocknaiden. Because the strategy looks weird galloping over the country spending time and resources instead of making money from the Heron field.

I must admit I’m more interested in Abzza thoughts on H1 production - and revenue being half what he expected. But the lifetime industry expert isn’t intelligent or brave enough to answer.

Personally I think it moved down not because of a(nother) MM conspiracy but because the RNS wasn’t great and tho are were some very keen sellers right down to 1.35p. At which point it appeared to find some buyers to support it.

Once we have the signed agreement we are then able - and only then - to apply for the sales permit that would allow for the oil to be transported into china”. 5m 55s into the interview

Can you explain that statement then?

The statements on the export permit are definitely confusing and on the face of it contradictory.

14th Nov

“The Company is pushing to expedite these final steps after which export paperwork will be prepared and sales of Block XX oil to the buyer in China will commence”

Interview on Nov 27th

“Once we have the signed agreement we are then able - and only then - to apply for the sales permit that would allow for the oil to be transported into china”. 5m 55s into the interview

Today

“The terms of the Cooperation Agreement have been agreed by the parties involved and it is now awaiting signature by the operator of Block XIX. This is expected in February after which sales revenue will commence”

At best it’s just poor comms.

Yes that’s exactly what we were told.

Surprised nobody else has even mentioned it - or why a signature is only “expected” within 2-6 weeks having been prepped for literally years. As ever, there’s the whiff of BS here

Proquos obsession with me and his lies continue

“Btw any sign of our cancer-whisperer Adw198 today? I bet they're positively gleeful that the sp is down even though they claim to be an investor. Another liar.“

Yeah I’m enjoying it plummet knowing the likes of him are invested. I’m not currently - as he knows as I told him and shared the trade I sold out for 1.81 in November. Once the raise comes I might get involved again as I’m confident I’ve got a much better grip on what’s going on here than most.

Which year(s) did it hit 1.30’s?

I can only last year and now this one. It’s not anywhere close to the pre placing price of 3.75p - because fundamentals are important too.

Hope all on the mend thorn.

“Heron 1 producing 250 barrels a day at $50 profit is $4,500,000 a year”

Where do you get 250 barrels and where do you get $50 PROFIT from?

Discussing a likely / probable raise on a message board isn’t an agenda, it’s common sense. The agenda comes from those repeatedly claiming figures multiples of what the company say and insisted it’s fully funded for growth. It’s not funded to last 6months without any capex / growth.

Be honest please people - or admit to trying to manipulate other investors for personal gain.

Tell us what you really think Abzzba. Production is much lower than you expected and (projected) revenue about half what you protected.

You can’t be happy?

1.5million dumped (by a bot!) at 1.35p.

Isn’t that the amount of shares WOS claims to hold…?!

We don’t know who is selling, or why. As Doc has correctly identified, there is a pattern of round number sales, often in flurries.

Those who angrily dismiss the idea of a large seller are entitled to provide alternative explanations - we’ll likely never know the truth but it’s reasonable to discuss. Or just blame it all on bots! :)

For example on 7th December he was touting a December rise. Whilst also telling us the MMs would walk it down upto xmas. It can’t be both!

“You will find that the price action with this share is very seasonal in terms of direction. And so far the chart for 2024 is very similar to that of 2022, when the share price suddenly went into lift off from the 4th or 5th f December. I pointed this out weeks ago.“

He also predicted a December rally because that’s what the chart did in 2022, apparently.

I encourage everyone to go and read the old posts of all these gurus.

Investor also posted this

“Proquo ; " Currently in a holding pattern so I would expect an upward trend once news arrives, abetted by the MM's following thier usual seasonal cycle of uplift in the SP after walking it down in the run-up to Xmas. Could be the perfect storm for the winter."

Very true - well stated. People who are currently bed wetting seem to have no idea of the seasonal fluctuations”

He just makes up any number of predictions. And he himself is massively down here having not followed his own advice. Hilarious, another cracking character.

Their mouths all predicted 250-300bopd barrels (“maybe more”) and $1.2-$1.4m of accrued oil.

The gob s h i t e s should be sharing their disappointment but instead they’re trying to pivot to a new position and convince people it’s great news and they’re happy. Are they lying to themselves as well as to everyone else?

It’s a shame for honest posters who are invested - just try to take some lessons from this company and message board.

Yes and $3m REVENUE per year won’t cover the costs. So a raise will be needed just to stay afloat, let alone to fund future wells.

It’s a disaster against what (admittedly biased) people here were telling us to expect. Yet they skirt over that and tell you it’s great news. Cheats and liars - hopefully they’ve invested as much as they claim and are going further underwater.

The deal signature (and sudden lack of a need for an export licence) are also weird.

Given how long this has been cooking for, why do they “expect” it’ll be signed in February, ie why such a delay to sign something?

They’re either being economical with the truth or don’t know how to write an RNS. I suspect the former - in the same way they wrote one in September / October that led everyone to wrongly misread it that a deal to sell had already been agreed.

@thorn

Remember how triggered you were when I said I thought production would be quite a bit less than 250bopd for whatever reason? Sounds like the sand is one such reason so your 250-300 assertion was sadly quite a bit out.

Sometimes it pays not to “ignore the noise” and at least consider the possibility that not everything goes on the happy path.

You must be another who is gutted things aren’t going well against your own expectations.

Still, good news they’ve committed to another 500k per year expenditure on new blocks!

Yeah I don’t understand the figures / company quote on the current oil price.

Happy to say the company might have given false information when they said it was worth over $600k at CURRENT OIL PRICES.

Either way you must be devastated as you’ve repeatedly quoted them having 19k barrels at $1.3-1.4m - number you provided this week.

So given the revenue is half what you expected can you tell us your real thoughts?