Member Info for Adw198

I’m not sure Investor is the right man to discuss research and fundamentals. He says the SP is controlled by MMs and claims the month of the year dictates the SP. Or he used to before that was exposed as utter BS. :)

“puts into perspective all the nonsense spouted on here about H1 being a disappointment in some way.”

It was a disappointment against the expectations of the company. They didn’t expect 150-160bopd at this stage.

And it’s an absolute disaster against the expectations of most on here who told us to expect multiples of that figure, at least 500bopd with a few even touting 821bopd.

Even I expected more than 250bopd.

Maybe they’ll dig out the guaranteed magic sandscreen we heard so much about from industry experts like Abzzba.

Hilarious

It’ll cost what Copse quoted unless it’s a duster. So saying actually we can get rid of it after spending only $900k over the first 2 years is hardly a selling point.

Bizarre time to directing extremely limited resources elsewhere imo.

“they are in advanced negotiations with one party”

Fake news. One party is advanced in their evaluation aka due diligence.

Negotiations aren’t advanced and won’t be whilst the wells are being revisited. The purpose of the work will be to demonstrate upside - he pretty much told us that.

You came on slating my maths, but refuse to explain why or offer your own.

You are indeed now answerable to me or anyone - what a poor use of the board though.

Even if there are 3 producing wells you won’t be here to see it because you and I both would have sold by then. You say it to try and ramp it up. Again, you’re entitled to use the board in that way and I’ll call it out.

Ha I’m pretty sure one of your last posts before selling was directly to me and likewise your first on returning. I do indeed reply to questions and comments, I find it more constructive than ignoring questions.

Shame you weren’t more honest about what you really thought when selling. I call it how I see it irrespective of whether invested.

Fair play tho is all about making money and i believe you did so here (albeit i still no idea what you mean about selling because of the Heron2 results).

I hope you (and me) make loads of money this time, although for the researched reasons I’ve articulated I very much doubt there will be 3 commercially viable wells and even if there are, they won’t be producing this year.

Feel free to reply with your own thoughts on that, altho I suspect I also know the likelihood of that.

Yeah I get peed by off by goading liars. It’s also fun straightening out some of the idiots though!

Also, lots of people some somewhat obsessed by me. I wonder how many of your last ten posts have referenced me.

Re failures we all have them. I lost money here, but it’s how you learn from it. I’ve learned loads and feel very confident with my current purchase.

I’d love the 3 wells to come in but maths is maths and whilst you can (unsuccessfully) argue with me, you can’t argue with facts.

“Fttsegeneral.....it’s a shame that peeps fall in love with a share!”

Now this i fully agree with Mal. Which posters here do you think might have fallen into that trap?

Tenbag, Abzzba, WOS et al?

Or perhaps you think Me and Doc?

Honest, direct answer please - not another mini speech about your own success here!

“Adw we can agree youres maths are way off..”

No Mal we don’t agree that. If you were willing or able to explain what you disagreed with or better still gave your own figures I’d be willing to discuss it. It you’re not.

“ADW has bought shares in a company he thinks have very little chance of success”

The chances of all 3 coming in are being discussed and are exceptionally low as per the CEOs guidance. Heron 2 is first up and 75% (or even higher if want to trust a discredited fake poster called Abzzba.

So the chances are we’ll get a boost on that news. We’ve also got other potential possible good news in the form of getting paid properly for last Octobers oil.

Either of these things will boost the SP, fill the gap at 1.05 and let me exit with an easy grand.

Tell us your strategy Tenbag et al?

As for this “I am more than happy to let our CEO get on with it as he sees fit, he has decades of experience of drilling well”, have you forgotten you disputed his COS figures and said you thought they were higher than he said?

It’s so easy this!

“I just wondered why we would now have a lesser CoS now we have drilled the well”

Asked and answered - because the drill found an absence of good oil shows and was immediately suspended whilst they pondered whether it was worth it.

You’re entitled to use your own COS % Abzzba.

If you think the absence of good oil shows moved the dial upwards you’re entitled to your view and can give us your own calculation.

Go for it…?

To be fair Mal I’m no more of a mathematician than I am an oilman! I got ChatGPT to do that but happy to be corrected if it got wrong the probability of a 75%, 50% and 10% chance of success ALL coming good.

You make a very fair and accurate point that if all come in we’ll have little difficulty finding a partner. I fully agree. Perhaps you can return the courtesy and agree that we won’t have the money to bring all 3 to production this year as Abzzba suggested we would? It’s basics maths that one!

I did NOT call all MATD investors autistic. It’s just another LIE. I was an investor myself September - November and currently hold now. People call me a liar, accuse me of criminal behaviour but I’m the only one who announces their trades before they’re printed. I also have an open offer to anyone to email me and I’ll send you a screenshot.

I think I said someone was acting in an autistic manner, that’s all.

This is just a desperate attempt to change the conversation away from where the money will come from to bring 3 wells to production in the extremely unlikely scenario the 3.75% chance comes in.

I’m not sure the “absence of good oil show” will have increased the chances, but take it up with the research note author. Or give us your own chance of success, noting the CEO back away from doing so.

Gobi was 15%, apparently the research note has it now at 10% - unsurprising given the “absence of good oil shows”.

75% x 50% x 10% = 3.75%.

The question I keep asking still stands - if the 26-1 shot lands where does the money come from to get them to production.

If anyone could answer they would.

They can’t.

“imagine, by October 25th this year we could have 4 wells in production, failure, i think not.”

I’ve already explained the chances of all 3 being commercial successful is 3.75%.

Long shots sometimes come in, but if this one does what are the costs to bring 3 wells to production and where’s that money coming from.

Thanks

Header says it all, another classic WOS.

You’re not even trying to hide it at this stage.

When do you expect this $72m 144m revenue to begin please? Just trying to work out how many additional placing will be required before that Jam Tomorrow lands.

I don’t know Abzzba.

I know what we’ve all been told - $4m to bring a well to production. We were told Gobi was $1.5m and you’ve decided it won’t need another $2.5m, although you’ve not explained why or given an alternative figure despite being asked 3 separate times today alone. It might be less for some reason and I’m open minded but I’d need something more substance than the say so of a discredited clown like you.

And here you are barking questions back at me.

What happened to the camper van holiday with that fictional wretched wife of yours anyway - more blatant lies it seems.