Member Info for Adw198

Mal, I know you’ve back in after dumping your shares (allegedly) because of the H2 results (in May?!!!) but no I can’t work out how much you’re saying H2 can be brought to production for.

The company told us $4m, what do you say?

Abzzba, I’ll again answer your questions - I have absolutely no idea of the competent costs of bringing a well to production in Mongolia. I’m happy to hear your projected figure and the reasoning.

In the meantime I’ll assume it costs the $4m the company explicitly told us it costs. If that’s wrong and they lied that would be a positive.

It was 15%.

The initial results led to it being suspended due to the absence of good oil shows. You’re entitled to believe the chance of commercial success goes up after such a result (even if you can’t explain why) but I’ll stick with 10% as per the research note. If you can persuade me otherwise go for it

Yep Id have had literally no idea how much it cost to bring a well to production in Mongolia. Fortunately someone with a brain asked the question and they told us $4m.

You appear to think they wildly OVERestimated this for reasons you can’t explain. I hope you’re right, but suspect a company operating in Mongolia have a better grip on these things an apparently failed oilman living in the delights of Aberdeen.

I might be wrong, but I’ll follow the evidence and not the claims of a discredited interest stranger who has so far got every single aspect of oil production wrong.

Others can make their own minds up - hopefully most believe your unexplained theories and buy more. Speaking of which, how did selling those other investments (whose message boards you never visit) to buy more here go?

As a shareholder with £15k please ensure you share with MB your amazing ide to buy 2nd hand equipment. Perhaps he’s not thought of that whilst telling the market it cost $4m to get a producing well.

Incredible work mate!

What’s your Gobi COS Abzzba? You seemed angered by me repeating the research note of 10%. If I’ve followed your “logic” correctly you appear to have concluded it’s more likely to be a success now, than before they found the absence of good oil shows. Is this duster a magic duster?

As ever, I’m always happy to be corrected.

I still haven’t had a satisfactory explanation as to how and why a $4m cost can be reduced by suspending it for 9months.

Given I’ve got £15k invested here if you do know the secret then don’t even worry about telling us here, just let MB know where he was going wrong.

:)

I love how you know better than the company own statement it costs $4m to bring a well to production.

You should write to them and share your theory on how it’s cheaper if you suspend the well and return to it a year later.

Hilarious!

“We currently have approximately $3.65 million from December, plus an additional $1 million oil payment, and around $4 million from recently raised funds, giving a total of roughly $9 million in available cash.”

You’ve assumed from December to now they didn’t spend any of the $3m they had at that time. Clearly that’s incorrect, hence they raised further money to cover the bills.

1 thing even the rampers appear to accept is PC have been playing games.

Incredible to think they took so long to sign a contract they immediately then refused to honour.

October - Aprils oil that they’re already sold, they’ve only paid us 70% for.

May June July they’ve paid zero.

We’ve been told payment is coming for May and June this months and Julys is due by Friday, so presumably they’ll do all 3 in one go. If there are any other excuses it’ll be getting to the stage where something will have to be done, especially if Heron 2 adds to our Opex and potential revenue.

Hopefully in addition to the Mongolians can clarify what tax is due on the contract they were also privy to.

The person who asked Thorn

“why do you say its not fit for purpose ?”

In the context of board may wish to analyse thorns posting history here and elsewhere.

He talks his own book and deliberately makes fake claims to suit the same. He’s flushed most of his dead mums inheritance down the MATD drain so whilst his poor behaviour is perhaps understandable, it’s stilldefinitely vile.

“Adw now agrees with the workovers CoS,”

They’re my figures lads. Nobody else asked the question. Abzzba said he thinks they’re higher but now appears to have accepted my figures.

Incredible comprehension skills. Blue collar intellects

Gravy, why don’t you contribute to the company discussion and instead just try to pick fights? You, or indeed anyone else, can’t quote a single liar. You just call me a liar and hope some mud sticks. So take what’s left of your dead mums money and go elsewhere - or contribute.

Imagine being married to a temper tantrum toddler with investment nous like you. Lovely!

“In the presentation MB states chance of success for our three workovers as follows.

(For Adw sake, this is post drill CoS NOT pre Drill CoS, big difference as we have post drill wireline logs for H2, Gazelle & Gobi and for Gobi we also have geohem analysis of the well cuttings).

H2 = 70/75%

Gazelle = better than 50%

Gobi, MB would not be drawn on a CoS”

Agreed. These are the current % COS, albeit he seemingly hadn’t even discussed the probability with the team before raising 4.5m off to pay for them.

Great leadership!

In other news. I see the round number block seller is back. I suspect this is the latest placement beginning to churn

What lies?

Its not like *I’ve* made up a fake life in Aberdeen, with a fake wife and entirely fabricated back story of being a failed oil worker.

It’s not even like I’ve spewed out ridiculous predictions like $100 oil (a conservative prediction!) or £10m winter revenue.

But you’ve tricked the likes of Thorn, Dozzawba (his poor daughter’s inheritance must be a pittance) and TT1981, so I understand why you do it.

Yes I did Mal.

My mistake was my initial purchase here. So I learned from it, which informed my decision to sell them all at 1.81 and buy them back for more than half.

What I didn’t do is encourage other to buy whilst selling for reasons I then lie about. Scummy, but it’s a message board full of strangers so good luck if that’s your level.

Gobi is indeed probs worth punt btw. But don’t listen to a discredited liar like Abzzba about what the MOST LIKELY outcome is. It’s less likely now than when the company told us it was 15% imo.

The more he and the rest of the cranks the more I’ll fact check the liars.

“Testing isn’t cheap, and no serious operator throws money at it unless the odds are in their favour”.

Define odds in their favour. I’d say anything > 50%.

This serious operator told us it was 15% the last time they raised to drill it.

Fair play Kev, I understand the logic.

The children here don’t understand the name of the game to sell for a profit - they think you have to marry the company and believe it’s going to make them mega rich even when the facts changed.

Heron 2s (initial) non commercial results and Heron1s sub standard production really changed the position here.