Member Info for Adw198

Nobody has answered the question

Thanks for being the first one to do so Stas. Other views welcome too.

@stas

You seem well informed and balanced. Would you read anything into there being no metrics when they stimulated H1 in August?

Squeaky bum time with us about to find what both H1 and H2 might offer. Still no confirmation of a deal with PC that they committed to having drafted by October - hopefully they achieved this after several months / years of negotiations and it’s awaiting approval. Something tells me otherwise though.

I sense a slight change from the Blind Faith Brigade, who are subtly moving from telling us this is about take off, to telling us they’re not bothered as here for the long term.

@big bench

“PC will swallow us lock stock & barrel within 6 months”.

I’ve wondered the same.

If I was PC and wanting to take us out I’d be minded to a) find out the flow rates at H1 and H2 and b) play hardball with providing assistance and a market for the product.

They’ve obviously been helpful re equipment so I’m not saying that’s what they are doing, but equally it’s clear they’ve been slow to sign an actual deal. Those who believe the price is being suppressed might also subscribe to this possible explanation.

Irrespective of what one may think of whether that’s happening here, it’s definitely a logical approach for PC. I’m equally sure there are other logical approaches.

——

@d1nger

“Most wells have some kind of stimulation so I’m expecting something higher than what the negative nelly’s are trying to suggest”

I don’t think there have been (m)any projections re flow rate. I’ve stuck my name to an INITIAL 300bopd because that’s what the company guided. Unfortunately there was no update given about what happened when they stimulated it.

Share price dropping and the lads would rather pretend Doc called someone who he doesn’t know an offensive racial slur.

Never mind just losing money, I hope some of you get some proper karma.

Worst share message board I’ve been involved in. My own mistake.

They’re very oddly written. Or perhaps it’s the differing nature of the comments around what is actually being claimed. Not very professional to leak one side like this, Osun sound like chancers to me but I can’t say it’s not worrying

Overner

So what if there are people on this board trying to talk it down? Why is that any different to talking it up because they’re long.

Personally I doubt there are (m)any shorts here (maybe espen who I’ve filtered) but who knows, we’re all internet strangers. It’s the likes of Tenbag who insist they know for a fact everyone’s motives. No evidence or logic, just keeps repeating the accusation. In my case he said I was long till 09th October and then went short but absolutely no explanation given.

Better to stick to facts and opinions on the company rather than badly guess motives. But then Ten bag has confessed to making things up “100 bagger” for attention. Perhaps next week he’ll be forced to admit his £10m winter revenue claim was also just timewasting nonsense. The one thing he absolutely won’t do is explain any of his wild claims.

We look range bound at the moment awaiting good OR bad news from H1 and H2. Be aware there are no guarantees drilling oil in Mongolian winter lads :)

Richa just ignore or filter if the chat on the comms y goes over your head.

Or give us a laugh and tell us your average

Another day where I try to talk business and one by one the lads turn up getting personal instead, unable or unwilling to address the substance. Another raft of wild claims too.

Ha Tenbag you’ve really just told me to think for myself having gone mental when I shared my views on their being no deal to sell. I set out my views frequently, you just don’t like them. What a hypocrite

And not one person has addressed let alone the question I’m interested in around whether the August drill would have been expected to give updates flow metrics.

If you don’t want to respond to the substance please move on and get back to your £10m winter revenue claims :)

i’m not quibbling on exact bopds. i’m largely asking some of the ****ysure ones like pro quo and ten bag where their figures / assumptions / assertions are from. nobody can support pro quos 500bopd initial

claim but lots give me flak for asking.

i’m slightly concerned that the august drill rns is what’s being the odd price - odd price meaning i’m surprised non of the news since then has improved us, ie think we should be higher.

hence me wondering from well informed oilers whether we would expect metrics from that kind of work, or whether it’s normal.

if there are poor flows rates we’re about to find out, hence it being on my risk radar.

those who aren’t interested in anything other than the substance please just ignore

Minor edit of a typo - should read

“Claiming a post you made was your words - not that’s a lie.”

Ten bag

No one respects because I’m a lair?! The evidence being my honestly held view that we have NO deal to sell oil. But which I concede might be wrong. Nice one :)

If I’m not invested here take the bet mate. We can make good Abzbba’s distasteful posts and send it to a deserving Middle Eastern charity and some good will come of this Punch and Jerry show you want to engage in.

&researchabdhold that’s another argument you’ve completely been exposed in. Claiming a post you made was your words - not that’s a lie.

“Rough Calcs17 Jul 2024 14:51

H1 = 300 bopd

H2 = 300 bopd

600 x 360 day ( 5 days maintainance) = 216,000 @ say $75 ( say $5-$10 for processing /trucking)

= $16.2Mill x 55% ( PSC) = $8.91 mill year 1.

Now i awaitbeing shot down for assumptions”

Word for word cut and paste from a thread you started called “Rough calcs”

Happy to hear the explanation as why these weren’t infact your own words

Sorry I thought they were exactly what you posted?

If they weren’t your words then please clarify and I’ll happily apologise.

As for cover blown etc etc why don’t any of you take me on the charity bet about what I hold?

I’ll even let you all club together and not have to pay for a few months when this is apparently going to rocket. So let’s say year end? Send one of you to me and I’ll screenshot. £1k ok?

Or just admit that I do hold but just don’t swallow the nonsense claims like $300 oil, £10m winter revenue, 2025 dividends, 500bopd initial production, $1.5m for producing wells, H2 being on the periphery etc etc

What a charge sheet from you long term losers that is :)

I love the complaints about being (faux) reasonable. It’s a badge of honour that you can’t find a single unreasonable thing I’ve said so complain about the reasonableness.

#another fine mess lads

@researchandhold let’s take your own prodcution predictions.

“Rough Calcs17 Jul 2024 14:51

H1 = 300 bopd

H2 = 300 bopd

600 x 360 day ( 5 days maintainance) = 216,000 @ say $75 ( say $5-$10 for processing /trucking)

= $16.2Mill x 55% ( PSC) = $8.91 mill year 1.

I’m happy to say 300bopd for H1 and fingers crossed H2 as well.

So I’ll agree with your own projections. So we’re equally positive / bullish / rampy on the actual production. Unless you’ve decided to massively upgrade yours since July?

$9m for the entire year. You must find Tenbags £5m - £10m just for winter shout as LUDICROUS as me?

@researchandhold

Even as little as I know I was able to inform you the cost of a producing well is $4m - not $1m - $1.5m as you falsely claimed

But thanks for the advice to read up more. If you can’t answer whether the August drilling would usually have updated the metrics then that’s fine. Either read up or better still just keep quiet and research well costs mate. Certainly just posting the same paragraph from 5 years ago doesn’t aid me and that’s who your autistic posts are aimed at.

Hi Medjed

When you say

“Why do you keep banging on about a 200bopd flow rate with a 0.3” thats 7.6m! Diameter choke fitted” which of my posts are you referencing?

I’m not sure where I’ve mentioned 0.3 other than one quote from…an RNS?

I’ve been clear I’m not on oiler. Some people are asserting we’ll do 500bopd from the get go, so I’ve sought to get more info on that claim. The company have guided 300bopd and the article from the weekend quoted 200bopd.

If I’ve followed your cryptic posts correctly I think you’re saying the average production will be higher than the average they quoted in 2019? That’s fine, happy to hear your estimate. Be good to hear if you agree with proquos 500bopd from the start claim too - or whether it’s just me you want to challenge?

I’ve also asked if the August results would have been expected to come with a metrics, but again you and everyone else has ignored. It’s fine if you don’t know though - perhaps that wasn’t on Google like your drill diameter lesson.

@researchandhold

You just keep repasting this extract with no explanation or analysis. I called it positives So have this one on me and just leave it there you’re polluting the board and are salty because I explained your errors on producing well costs 👍

"..The zone flowed oil and some associated gas to surface without the need for any artificial lift. This is exceptional for the Tamsag Basin where only a few of the hundreds of wells drilled have had the capability to produce oil to surface on natural flow..."