Member Info for Adw198

@hahn

Gentle reminder we’re not expecting H2 results till early November, so RNS tomorrow on that front not likely

Hi Medjed

If you’ve got something constructive about likely flow rates I’m happy to hear it - it’s literally why I asked. I asked mainly about whether it was usual not to get any metrics from the August stimulation. Nobody has answered that.

The company guided 300bopd in the presentation and report from weekend said 200bopd.

I’ll stick with those figures over the 500bopd claims made elsewhere, supported by Ten bag projecting £5m - £10m winter revenue.

Credibility matters

Nah let’s not talk about Gordon Brown. This is a share message board so take the politics to the daily mail comments section please.

@moveonup

Yeah I think those 2 reasons are possibly behind the poor price. I certainly hope and believe a PC deal and confirmation H2 is commercial will lead to a big move forward.

I think another reason might be the uncertainty over what H1 will actually flow. I think it’s been established nobody knows or indeed can make a sensible estimation. I don’t know what to read into the August RNS but have some nagging doubts it wasn’t that great as the SP since then really has got stuck despite what was undoubtedly great news on the permits and initial promising H2 results.

Hopefully we get confirmation we can indeed produce the 300bopd the company guided this week. Heron2 I expect next week, again as guided

“Yeah, Adw keeps reiterating unfounded negatives”

Like what?

Quote and refute then if there’s any unfounded negatives? I’ve given a list of positive catalysts. What unfounded negatives have I spread today for example?

I was able to quote and refute the claims you’ve made that are false, or at the very least absurdly over optimistic yet presented as fact.

Play the message not the messenger please. You can do better

And I agree Doc, I’m also wondering this lots need filtering. Interestingly the only one who has made my list was the negative Espen because he seemed to only want to disrupt and wasn’t constructive.

I’m happy to agree nobody knows what we’ll flow.

I therefore disagree with projections of £5m -£10m revenue and disagree with proquo asserted we’ll start on 500bopd.

I dont need to”wonder why” you made those claims though - a mix of being insecure about the facts, your massive losses and a desire to trick others

Tests :-

"..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..."

Just trying to ascertain what the reasonable estimate of the flow rate will be. The above extract is very positive but doesn’t address the point. Say something constructive or don’t bother please

I wish I had shorted it.

But fortunately at least I’ve not wasted years my life like you lads. And presumably a shed load of cash too.

Don’t shoot the messenger lads and let’s keep the board about the company not the false accusations of motives

A few reasonable questions / observations about flows and very quickly a group emerge to turn into personalities, wrongly calling me a shorter.

Why are these people so nervous about establishing facts?

You can either believe pro quo who claims well initially flow on 500bopd, the companies presentation that said 300bopd, or master’s article from weekend that said 200bopd.

Or you can consider it all “irrelevant” but still want to reply to all the posts about it

Great start here lads :)

What’s the best email address to get a response from the company please? I emailed admin@petromatadgroup.com to ask about whether we have a deal for PC to sell our oil but wondered if that was the best one from those who have received replies?

Cheers

He might be right?!

That’s fine, he can explain his reasoning then as to why it’ll initially flow at 2.5 times more than the rest.

@researchandhold once again unable to reply wi the substance. Just a lazy claim about my credibility based…ZILCH

@research

I’m just trying to establish likely / reasonable estimate flows. I’m unsure what the extract you shared helps in that regard or why is what convenient for me to exclude it. I invite you to explain or again please just ignore. These cryptic comments don’t help anyone

“H1 will flow intitially at around 500bopd and then the choke will be gradually opened as they test the integrity of the well for increased pressure etc”

This is in fact utter bs from proquo claiming it will INITIALLY allow 2 and half times more than the average of the test.

Very helpful to know when assessing the credibility of these people

Thanks Abzzba

I have absolutely no qualms admitting I’m not an oiler. I try to make money buying and selling shares but don’t blag what I don’t know.

It seems nobody has an idea what the flow rate will be, but people like proquo just make up numbers on the upside.

So we don’t know what our income might be this winter - which is fine just very different to the wild claims.

Thanks all, very helpful

My interest is in knowing what a ‘reasonable estimate’ is and whether the stimulation test would have been expected to give more information on which an estimate can be based.

We PEAKED at 821 and averaged 200bopd

“The peak production recorded during the test was 821 barrels of oil per day ("bopd"). For the main flow period, the well was choked back on an 0.3-inchchoke to optimise the collection of pressure data. Through this period, the well flowed at an average rate of 200 bopd with a well head flowing pressure of 250 psi“

Morning tenbag

Let’s not pollute the board this week. If you think what I’m trying to understand is irrelevant that’s fine just ignore it. You don’t need to involve yourself in things you aren’t interested in. Those of us trying to understand more about flow rates and short term income can talk amongst ourselves

Those who are speculating about 500bopd you should similarly ideally ignore.

I won’t engage you other than matters of substance and respectfully suggest you do the same.

Cheers

I’m not sure where proquos 500bopd claim comes from - if you could expand that would be helpful please. There was the quote of the weekend that everyone ignored saying 200bopd for 2024, but I don’t know the accuracy or provenance of that either.

I’m not an oiler so nor do I understand what to read into the lack of any figures quoted from the August RNS that noted we stimulated the well. Would one expect figures to come from this? Extract below for reference, sensible views invited. Thanks

“The well was found to be in good condition and the perforated zone from 2834m to 2846m in the Lower Tsagaanstav Formation from which the well flowed at 821 bopd on test was successfully isolated and hydraulically stimulated. Pressure responses observed during the stimulation were consistent with a successful operation and oil was observed during the subsequent recovery of the stimulation fluid“

Fwiw my best guess is similar to Abzzba’s re H2 - commercial but not as much as H1.

I’d be surprised if it’s producing this year, feels too tight time wise given they lost a week m, initially targeting October then saying early Nov. I do acknowledge by way of balance the permit issue isn’t a problem anymore.

Ok the starting rate is irrelevant - apart from the fact it’ll be what we’re getting our massive income from that you think will fund $40m worth of new wells and return money to shareholders.:)

It’s not a huge deal to me but it’s a fair question - especially to the person who claimed 500bopd. You’re absolutely entitled to have no interest in it in which case you can hit the mute button and get back to telling us the irrelevant production rate will generate £5m -£10m this winter. :)

According to you I was long before 09th October - don’t forget that. So why wasn’t I pumping it before?

Are you really the best the telegram lads can offer?! I genuinely take great comfort in knowing how much £ you’re down. :)

Yeah you keep calling me a liar and I keep asking you to quote some example. And guess what you’re unable / unwilling to.

You didn’t even establish who was keen for war to increase oil price. That was a highlight even for you mate! :)

I’d love the pro quo claims of beginning with 500bopd to be correct. His track record with the truth however is a little chequered so I suspect he’s just making up figures. If / when the company confirm he’s over egged it do you think he’ll

a) come back and acknowledge his false claims

Or

b) say it doesn’t matter and makes him no less bullish