Member Info for Adw198

My buy showing as a sell.

76.11p - must be by some way the best average out of anyone on here. :)

Back in the game.

Just re bought the 517,553 shares I sold last November (for £9,426.92) for less than £4k.

“The likes of ADW, Stock M are too devoted to shutting out ,& slamming down debate by regular small investors”

I’m always happy to debate my opinions. Like when I was sceptical Heron would produce the 821bopd many here kept mentioning. Or whether they had funds to survive.

Not many takers on those topics though.

Anyway, I’m ready for a punt here, so all those who say you have to be invested to post will need another reason to object to me posting!

@They’re all financially inept anyway, I doubt any of them have a serious amount of cash in this and even if they did have originally, I absolutely know it’s worth a pittance now”

@acquisfe

You claim you invested here and lost money. Presumably a lot given you want to brag about being bigtime. No wonder you’re so triggered

And you still haven’t managed to give a single example of me ramping or deramping.

Child.

Ha yes to be fair greyw I’m also here for that too! And not just TBT either for that matter.

There does need to be some actual analysis thrown in to name calling tho

Espen you’re another cretin not here to offer analysis, purely and simply to goad.

It’s a very reasonable question to want to know why someone would post, whether that’s because they’re long, short, bearing a grudge or whatever. All are entitled to post as I myself do.

Pick me one example of my deramping and also a ramping one?

In answer to your question I’m here to make money, I think it’s getting close to a buy. I also previously was a holder and lost a few grand.

@acquisace

Remind me of your history / interest here? Whilst the people you mock are pretty much all’s deserving people don’t, you’re ruining an already terrible board with relentless personal goading whilst offering little / no constructive ansylsis.

And also consider the poor performance of both wells to date.

And why on earth wouldn’t Petrovis and MB absolutely load up at 0.80p if they knew there was a “lowball” :) offer for the field of $100m aka 5 times that amount.

Instead he was only willing to chuck 50k aka 10% of his salary.

Wake up folks

If he’s been offered a “lowball $100m” and turned it down to instead dilute shareholders at 0.80p then he wants locking up.

$100m aka £75m would be 4p and leave the renewables and new block still in the business.

So I’d say there was almost no chance he received such an offer.

I’ll probably take some flak for this but I must admit I don’t really understand how you can drill something (like Heron 1) and then deduce there are 33m - 60m recoverable barrels across the full field. God knows how that works - but I fully accept it does seem to work that way!

But what’s perhaps lacking is any judgement of what’s commercially viable to recover, eg even Heron 2 was assessed to produce 30bopd, but it wasn’t deemed viable. How many more of the 30m - 60m barrels are in the same boat, because ultimately this is about revenue not a theoretical geological essay.

Hi Wigster

Yeah to be fair it’s a bit vague as to whether the plan is to bring any of the re tested wells to production - they’ve reference it being low cost if successful but based on the $4m quote I just can’t see they have the money. And they might actually struggle for time, knowing they need to book DQE and November isn’t that far away.

My best guess is they want to do the work to demonstrate the upside / potentials of the acreage more than necessarily expecting it to delvier revenue this year. I suspect potential partners need to see more promise.

MB needs to face the music and update the market.

@ Wigster

“I'm wondering whether it would be better to drill H3 before looking at Gobi (obviously making sure the location of this is as nailed-on successful as possible). If we can get H2 up and running through the acidisation, possibly improve H1 flow rates too and have a successful Gazelle (not sure on the estimated c.o.s of this), plus a flowing H3 then I think the market may just be able to tolerate an unsuccessful Gobi.”

I don’t think they have enough money to get any of these into production , definitely not a H3, which would be $4m based on what we were previously told. H3 was also forecast to be further south from H2 (appreciate you’re probably saying make a new plan to where H3 would be. On the old plan H5 was the only one North of H1 and obviously North is where PCs field is.

Gobi 10% COS sounds about right, because it was 15% before they drilled it and found only feint oil shows.

Please continue posting greyw, you talk a lot of sense.

No wonder it upsets Investor, who is now lecturing on his latest market mechanics theory - seemingly oblivious to the fact literally all of his previous theories have been completely wrong.

Thanks Abzzba, you sound more confident than ever, despite telling us to expect 800bopd from Heron1.

You should definitely sell that fictional campervan of yours and visit the local bank in your fictional hometown of Aberdeen and buy more MATD, just like when you claimed you topped up at 1.70p.

What could possible go wrong?!

Yes Jimi it really defies any logic or belief. I’ve never been one to criticise MB, the poor drilling results / outputs aren’t really down to him. But the failure to agree a deal and then when it is agreed to contain this uncertainty has to be put at his door.

@wigster

“Resolution to the tax "issue" surely can't be far off...it's been what, 7 weeks now???”

Hopefully, although obviously there’s no certainty it’ll be a positive resolution. It’s hard to take it as face value given MRPAM basically signed off the sales deal - so in that context how can there be such a lack of clarity.

@abazza, I see you still haven’t managed to find a “quote” showing the false claims of the bashers.

“we understand we are in the current position due to underhanded dealing by Petro China,“

When that RNS came out you hailed it as positive. Perhaps next time tell us when you think something is underhand and will lead to the @rse falling out of the SP.

Or best still just recognise you’ve got zero credibility and pack it all in.

Quote one “outrageous claim” Abzzba.

You know, like we can quote several of yours

5p by June

800bopd + from Heron1

Heron 2 a producer

Refinery ready in 2026

This board, like MATD, is indeed a joke. Full of absolute loons, most of whom you sided with Thorn, whilst attacking the “trolls” for a more measured approach.

And here we are on all time lows and not the fully funded plans you insisted were in place. Let alone the 4-6 producing wells you initially told us about.

Show some humility, it might help you not to lose the rest of the family silver next time.