Member Info for Adw198

What makes you think I’ve got a red brick education lads?

Haven’t ever received $100k is where we’ve got to. Won’t ever receive it unless PC pay in full and / or oil shoots up and / or we produce more.

Anyway, we’ve come an amusingly long g way from being told by Abzzba that he predicted oil would be 100bopd (he called that a conservative estimate) and Heron 1 would do 500bopd by itself.

Had he even one of those right things would look miles better. But as per, he was miles wrong.

“IF we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.“

Yep, but Brent isn’t $70 and we only actually receive 70% anyway.

Incredible

Abzzba, even taking *your* own figure of $38.7819, if we then multiple by 345 (not 350) that equals 13,379,75, multipled by 7 days equals $93,658.3 a week.

Which isn’t $100k as as been asserted and also assumes full payment which hasn’t ever happened as we need to take away the 30% withholding AND note the Mongolian share needs paying from that too.

Investor there taking issue with posts he can’t read and automatically believing Abzzba - the same guy he told us he filtered last year when he was telling me how objective I was.

Hilarious

Abzzba you’re mixing up the price of oil realised (by PC aka Block 20) and what is then received by MATD.

Eg

As you keep quoting MB said

‘If we assume $70 Brent then after price adjustment processing handling and trucking fees *block 20* receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.’

So when Brent is $70 the realised oil price is $54 and we receive $43.

In which case when Brent is $63, how much is a) the realised oil price received by block 20 and b) what do we then receive? They are 2 distinct figures

I think Unnds reference to September was a typo. I suspect he meant the oil produced in July (paid in September). He’s basically quoting the RNS figures (the ones you’ve just called garbage)

“In late September, the Company received payment for July's production. PetroChina continued to withhold 30% so the amount received was $110k net to Petro Matad. The realised oil price for July was $66.4 per barrel.“

Brent was indeed circa $70 in July (not September)

“So our realised price from Petro China while Brent is at $63 is $47.295.”

How much of the $47 is profit then?

Hey Mal

You don’t know whether I hold, let alone how many.

As for why I post, well I’m stuck here now as if I post on my other holdings the board gets flooded with disruptive nonsense from the clowns here. So I only post here now.

Anyway, noted you don’t want to put your name to a specific buy.

Any comments on the claims we receive $100k a week?

I came on and shared my figures on revenue. Then all hell broke loose with some middle aged anonymous white men telling us they were going to complain about opinions they don’t like to read.

@mal Go on, which of the buys were yours then?

Exactly Doc.

Bullies and hypocrites - imagine being married to that!

We just need Mummy’s boy to come on complaining about people sharing forensic analysis and following them around purely to disrupt elsewhere.

Bring it on lads….

Ha Investor complaining about Kevin just after he mocked him and told him he had no right to post because of the size of the trades.

Keep em coming lads :)

Be sure you include the Owl shaped Elephant in the room in these complaint letters lads :)

Yes I agree WOS - still waiting for the explanations as to where you got your figures from and what was wrong with mine.

If Manx holds 20m shares (fwiw I believe him) then Kevin is in a much much better position as Manx will be sat on a serious paper loss.

Amazing if he’s the poster boy of the big hitters! Nearly as funny as the guy who tells us he’s been trapped here for 6 years because he accidentally bought £20k worth instead of 2k :)

“You also seem to want to ignore the important pointr of H1 on its own, even without Gazewllew'as addirtional 200bopd, covers general overheads”.

I didn’t address that claim because we weren’t talking about it. But once again it’s an unexplained / uncosted claim, ie what are the figures you’re relying upon to make the claim in terms of revenue and “overheads”?

What we know for a fact is post the start of production at Heron 1 they decided to raise another $4.8m, including for Remewables.

But thanks for agreeing $100m hasn’t ever been received and won’t until the 30% withholding is paid AND oil production or price of oil goes materially up.

You should let Tenbag and Gravy know their claims were to the contrary were thus false.

Ask yourself why WOS aka Multibagger deramps numerous other shares that he doesn’t hold?

Also ask why he has so many aliases and appears on a different time zone.

I’ll go with the most recent available figures…

“In late September, the Company received payment for July's production. PetroChina continued to withhold 30% so the amount received was $110k net to Petro Matad. The realised oil price for July was $66.4 per barrel”

So they RECEIVED $110k for producing 150bopd, with a realised oil price of

$66.4k.

They’re currently producing 345 so 150 x 2.30  = 345bopds

Apply the same equation to the revenue 110k x 2.30  = 253k a month. That’s 58.3k a week, or 75.9k if you assume PC will start paying in full and you add 30%.

So if you assume we now get paid the withheld 30% (we don’t), assume all of the 30% is owed to us (it’s not, some will be taxed) and if you assume we realised an oil price of 66.4 barrel (it won’t be, it’s dropped at least 10%) your still miles off the 100k a week that we’ve told is being received as a matter of fact.

I’m happy to dissect my figures and someone smarter (like Unnd) might be able to refine them.

The more you lie the more I’ll post.

Why are you using the figures for May and June and not the most recent figures?

Why do you assert without any explanation those months “came to around $52K p/w”? They said they RECEIVED $320k which is 160k a month, right? Multiple that by 12(months) and divide by 52 (weeks) and it’s $36.92k a week. So immediately the sleight of hand is with you.