Member Info for Adw198

Must admit slightly surprised at the extent of the drop.

Those trying to spin it as a doubling in production - well yes that’s technically true but that news, ie gazelle being commercial was definitely already priced in. The share basically doubled on the back of that news and initial production is less than our resident expert Abzzba told us to expect.

What we were waiting for mainly was H2. Further delays there and not much positivity.

Nothing else positive came thru eg PC still unhelpful and the farm out / renewables not mentioned at all.

“It’s very reasonable to think that farm-out news for the Heron field could come at any time now. “

I say it’s very unlikely to think news is imminent. How would you price up Heron2? Even Gazalle hasn’t settled to an stabilised production. Then there’s the fact the only established (permitted) roite to market is via PC who aren’t paying.

Very very unlikely a deal is about to land imo.

“Strangely, way more greenboxes today than at any other time since the Gazelle well announcement. Must be a coincidence as the negs, you know, always claim to be 'balanced' and 'objective' in their comments. You've gotta laugh.“

It’s not strange that they’ll be more comments on the day of an RNS.

In terms of balance yes I called the good bit good, the bad bits bad and conclusions overall it was negative.

The usual suspects all told us it was all good. The SP is currently down 15%, which is more than 10% which you all called it a tree shake.

And if you’ve filtered you wouldn’t know what the “negs” are saying yet still disagree with the content.

Lovely!

Hi Mal

I think you got mistaken about when I bought and sold. But I note you won’t tell us why you again sold out. It was a good move tho given H2 appears non commercial.

I’m not bitter about my failed initial investment here - hence being objective enough to buy back in (as verified by TT1981).

I think your best line was telling ME not to fall in love with a share. Of all the people on this board and you direct that to me! :)

Apologies if I was ever too gushing on the prospects here!

So it seems the people who told us to expect a 200-400% increase in production at a minimum are now telling everyone else how happy they are with it being an intial 133%

The payment from PC doesn’t appear any close either - despite a similar assertion the full amount would be paid in November. I suppose it still might, like I suppose Elvis might land a UFO on the Loch Ness monster this month.

Oh and the SPs very natural reaction to an overall poor RNS is just MM tree shaking (again).

Gazelle doing great, rest of it all negative.

H2 issues

PC still not paying on time

PC not amending the wording to pay the backpay

No update on Renewables or Farm in talks

How disappointed you should be depends on your expectations on the above.

Good on you for making money. Genuinely.

But the question remains - please explain why you’ve sold again? It’s not a trick - you’re obviously aware, despite your lack of education, that there are risks here.

Articulate them is all I’m asking - because some naive victims here don’t think there are any. Or perhaps you’re trying to exploit them…?

I must admit I hadn’t realised you’d (again) sold whilst (again) ramping.

But without bragging (if your blue collar who can handle it) please just explain the downside risks that inspired you to sell just now - and last time when the SP was higher?

Cheers

Better still Mal, why don’t you give us an honest explanation as to when and why you last sold shares here?

Cheers

Sure, I’ll accept the minor correction.

MATD is a producer of 150bopd, for which it currently gets paid (late) 70% of what it’s worth. Since it started produced it needed another raise - just the $4.5m this time.

Thanks Mal - maybe next time give us your own summary tho mate. :)

This next RNS is going to be huge - so much to clarify in terms of short term success.

No wonder the usual suspects / their latest alias are evidently so worried and busy here.

Hopefully nobody has punted any of their (mums) money they can’t afford to lose.

It’s a Mongolian explorer on AIM ffs, lads! :)

Even WOS research claiming it’s doing 160bopd is wrong. It’s gone from 200-300, to 200, to 160, to 150-160 and currently 150. Wonder what it’ll shrink to next?

29th September

The Heron-1 well continues to produce with artificial lift at a rate of c. 150 barrels per day

30th July

Heron-1 production stable in the range of 150 to 160 barrels of oil per day (bopd)

13th March

The Heron 1 well continues to produce steadily at c. 200 barrels of oil per day.

November 14th

“production is currently choked back to a range between 200 and 300 bpd. Whilst this is in line with our pre-production aspiration for an initial stabilised rate…

“Production over winter expected to be around 430 bopd minimum”

Let’s wait and see. I’m guessing you’re assuming Heron1 won’t continue its decreasing output and will magically now stabilise at 150bopd? Itself a fraction of what you told us to expect.

No probs Tenbag - my Telegram handle is @adw1980 - you might still have a record from when you couldn’t handle my analysis and kicked me out.

Alternatively my email is

Ff08

Hotmail co uk

Quite happy to meet you for a coffee or pint and show you my bits and sells. You’ll do likewise I’m sure :)

Sounds great Abzzba.

Any idea what happened to WOS, Adw189 and the $600k that was allocated as a production bonus?

Or Investors £20k investment here for that matter?!

Textbook pack attack for using accurate lanaguage. I’ll let the last word goto Mike Buck, who told us this (last year but presumably winter hasn’t changed) that’s there’s only a “short window” of opportunity…

“The Heron-2 stimulation and testing operation is now forecast to be complete in early November, giving a short window in which to put the well on production before operational activity is suspended for the winter.”

Not sure about hammering it TT1981 made a completely inaccurate statement so has been corrected.

I’ve explained exactly what it means - if it’s wrong feel free to provide an alternative site definition.

And the main point is they better hurry up and get the wells (Gazelle and POSSIBLY H2) up and running - because the winter shutdown will be fast approaching. I’d have thought that was something investors would understand and agree with. Or just keep abusing me. :)

@TR1981

I’m not sure why you feel the need to police my use of accurate language. I used the same term the company use and I know what it means. Those - like you - who come on an make completely false statements are the ones who may appear disingenuous. So when you said “There is no winter shutdown”, did you not realise there is indeed one, or were you seeking to mislead new investors?

Thorn was also admonished for his use of the same phrase too. Perhaps you missed that exchange?

Tt1981 - you must have missed the last time I had to educate someone on what a winter shutdown is.

You say

“There is no “ winter shutdown”.

The company themselves used the same phrase in literally the most recent RNS

“ahead of the winter shut down in November“

There is a winter shut down which is for any new installations or upgrades to existing structures. However, oil continues to be produced.

Would you therefore agree that, contrary to your claims, there is indeed a winter shutdown?

Chin up Kevin, it could be worse - you could have accidentally invested £20k in MATD 6 years ago and be sat on huge losses. An investment strategy I must I’ve not come across before, or seen on a ten year chart. :)

Given the winter shutdown must be a week or 2 away MATD / DQE better get a move on here or another Winter of Discontent might be in store here.