Member Info for Adw198

@tenbag Have you figured out who the IDF are yet and who has and hasn’t been cheering them on?

I’m just trying to understand what the potential revenue might be.

If we don’t have a clue that’s fine too - in which case I’ll leave to query why Proquo is saying that. You may also wish to scale back your uncosted claims of us producing £5m - £10m revenue just over the winter.

@proquo says

“ H1 will flow intitially at around 500bopd”

The extract Master shared says

“Petro Matad" LLC plans to extract 200 barrels of oil per day from the field as a test in 2024”

I don’t know who is correct, but perhaps proquo could outline why he thinks it’s going to be 60% higher than the 300bopd the company themselves said they’d start with?

Ha well done for again showing your comprehension skills Tenbag. Speak to Abzzba if you object to people getting a stiffy about the IDFs plans. It’s him, NOT ME, who keeps salivating about it.

“ Abzzba is…”

So you should direct that at Abzzba who repeatedly brings up Israel’s plans and licks his lips at the thought of $300 oil mate. Not the person who calls him out for it.

@researchandhold Selective hearing? I quoted exactly what I said that you then corrected me with your made up figures. And I took dogs abuse for apparently being negative simply for trying to establish what it would cost to get multiple producing wells. Anyone genuinely invested should want to discuss exactly that kind of stuff.

The board has been very helpful for crystallising my own views. Nobody credible has made an investment case and most either don’t understand the fundamentals, or do and choose to lie.

What we’ve got is probably $6m or so in the bank with 1 well forecast to produce 200bopd this year - not the 400-500 @proquo made up. If we want to bring the 2nd well on (if it’s commercial and given it’s the closest one to H1 that’s clearly the hope, despite the false claims @thorn it was on the periphery) it’ll be another $2.5m.

Hopefully at some point we get confirmation (from the company) that there is a deal in place to actually sell the oil and generate revenue. The deal isn’t fully drafted yet despite the false claims ( @proquo again) it was with the mongols for approval.

The company say their “goal” is to make enough from these 2 to be self sustaining. From that point each new producing well will cost $4m (granted we may get them cheaper at scale). Presumably they’ll be a few $1.5m drills that turn out not to be commercial along the way.

The bulls self appointed defender of truth and objectivity tenbag asserts from the above will not only be able to fund all those extra wells but reward shareholders with a 2025 dividend. Needless to say he can’t offer any articulation as to how that might happen and accuses those who query him as derampers / liars / shorters.

Before he retired himself wiseowl was pointing to a CEO share purchase of $100k as some kind of sign. Personally I wouldn’t read too much into a man who pockets $500k a year from running the company spending that amount on shares - at a 55% discount to the price at the time.

Abzzba is hoping the IDF save us by attacking Iran leading to $300 oil. There’s not alot of excess meat on the bone at $75 so hopefully he gets wish of a Middle East war so he doesn’t need to sell any more cars.

I’ve not read anything about renewables so won’t pretend to offer a view about what that may or may not be, but otherwise I think the above is a fair and accurate summary of the company - and its chief cheerleaders who have all been outed and exposed.

Don’t shoot the messenger lads

Quote me and my lies. You won’t find any

@researxhandhold

This is what I said

“If* it costs $4.5m for each new well (and I’m happy to be corrected if that’s inaccurate) then it’s not conceivable we could get the 10 wells that are being speculated without funding / some kind of JV in the short term.“

You replied correcting me saying $1m - $1.5m. Why quote a figure for non producing wells

Nobody interested in the 200 barrel quote then?

@investor I thought he’d said $4m but yeah definitely not the $1.0m - $1.5m Researchandhold claimed in the context of how much it would cost to get 6 producing wells. So he was either mistaken or trying to deliberately mislead - but lacks the humility to concede either

200 barrels a day an interesting quote, only 50% less than we were told to expect. Hmm.

@researchandhold youd be better just saying “yeah sorry I got my figures wrong I wasn’t trying to deliberately make out we can get new producing wells spun up for $1m - $1.5m, it’s actually 3-4 times what I realised”.

Why is me correcting you with FACTS an agenda. Imagine if I claimed it was 3-4 times more than the actual cost - that would be an agenda. I just want facts lads.

“Gobi looking good” :)

Honestly you must be so insecure in your investment to have work so hard lying

Zero cash was made last night.

Yep and being fair and objective I reportedly called that great news.

Researchandhold was either that badly researched he told us each producing well cost between $1m $1.5m. It’s $4m confirmed by the company.

Another one who then labels the people who correct him as a deramper.

In the truth so bad here the crew need to lie

£5m - £10m winter revenue

2025 dividend

Each new well $1m - $1.5m

$300 oil

Heron 2 being drilled on the periphery of the field

The deal with PC awaiting Mongolian approval

Heron 1&2 producing between 400-500 bopd from the start

Not one acknowledgement of the above fake news. Instead they attack me as being negative. Facts are facts lads and if you can’t handle the truth perhaps it’s not as positive as you like to con people into thinking

Espens agenda does look dodgy, he’s here to talk it down for whatever reason and copying and pasting his own posts repeatedly is frankly pathetic.

Also weird to hail 2 brilliant bits of news but only brings that up to brag about the share price not moving.

Not a genuine poster but ultimately he’s probably right about something not being right here.

My best guess is the well(s) aren’t flowing that well. Time will tell

@tenbag

Has been apparently been put forward by the lads on Telegram to counter the “negs”. Comes to something when he’s the best intellect they can muster. A man who refuses to answer any question, but instead makes up revenue of between £5m - £10m per winter and tells us to expect a dividend next summer. Credibility crisis.

He tells us about his experience on other message boards, conveniently forgetting he hasn’t ever posted on any other board, ever. In fact he’s been here 10 days. But he brags about getting 10messages on Telegram about an opinion I gave, before losing a debate and telling me nobody cares what I think.

And he’s not once been called out for any of this by his ramping mates thorn, proquo, Spanish excile abzbba etc etc. They find his posts ethical, balanced and mature it seems. Every single one of miles under water and left to claim the MMs are conspiring against them. Keep it up lads, knowing how much money you’re losing is softening the pain of my own rubbish investment here. Couldn’t happen to a nicer

bunch. Collectively you didn’t even know what a new well costs and didn’t know where Heron2 was. Or, as a I suspect you did and just LIED to con other people. Lovely set of people.

@abzbba

Is one of the best examples of the lying bulls. He didn’t know or pretended not to know each new producing well cost $4m. Then he budgets based on a short term “conservative” $100 oil price, repeatedly quoting $300. Oil isn’t even $76 friends.

Maybe when his own “conservative” figures over his price target of a 15bagger will come in. Definitely not a credibility crisis from this fella.

And then he claims to be morally superior and brags about his 2nd hand car sales in Benidorm

Yes Tenbag I fight fire with fire. If people want to spend allday goading me and attacking my motivations then expect to get it back.

You don’t want to discuss the company though, you prefer Punch and Judy.

But yeah I’ve not always helped so apologies to the sensible

Pro quo

I imagine the “negs” are all different rather than a single entity. I post what I honestly believe as a holder and correct false statements like you’ve shown a fondest making up production numbers and that a deal was awaiting Mongol approval. It’s helpful to understand both sides of a coin.

This message board is amongst the worst I’ve ever seen, it’s like watching 2 opposing set of football fans

Pro quo - did you double your stake to bring your average down from2.75 to 2.45 today?