Member Info for Adw198

It’s not FUD lads, it’s a fact.

Gravy, you’ve accepted you were wrong when you accused me of not being a holder last year, so I’ll leave you to tell researchandhold that I’m not being paid by PC (how silly!) I’m simply a former holder but one who is more knowledgeable than him.

With the footy on in the background I’ve been researching the previous raises. I hadn’t spotted MB had also invested $100k in 2021 at 3.5p. I’m sure the usual suspects were telling us he must know something follow the money etc.

The purpose of that $10m raise…

“The net proceeds of the Fundraising will primarily be used to commence production from the Heron Field, with the completion of the Heron 1 well and the drilling of the H2 and H3 wells. Production start-up is anticipated in mid 2022 using nearby processing and export facilities”.

Wow. And to think there’s been another $13m raised since then with just the 1 producing well to show for it. And next to nothing in the bank.

What a disaster!

Why is a grown 50 / 60 something year old man like you so worried about what a stranger thinks and says about MATD?

And why are you unable / unwilling to answer a question?

I tell you what fella, if you’re so successful / dismissive of £4k how about you give 10% of that to a charity of my choosing and I’ll never post again. That would also save your the pending coronary because this stress of reading things you don’t like to read can’t be good for a man of your age.

For all the reasons I’ve explained at length, repeatedly and recently.

How much are you down?

“As they stated, the sand issue seems to have resolved itself”

I’m unaware of any such comment and thus politely requested the basis for the claim. It’s how these boards should work.

I’m not calling Manx a liar or any names - if that was said at the AGM I’d be interested, hence asking.

I’ll re(re)listen for myself. You lot keep complaining about people discussing the company if it makes you feel better.

You’ve been caught lying again.

No amount of un intelligible gibberish can change that fact.

As for goading - look back and see who was goaded and who got personal.

As for asking questions - yeah I like people to prove their point. Eg Manx (who is reasonable) claiming they said sand wasn’t an issue (which thorn immediately believed) I think it’s fair to ask a question about that. No timestamps have arrived, wonder why

“Let them stew in their own juices?“

It’s a fact stew tho mate. Not a cobbled together combination of lies and panic because you’ve punted your inheritance here.

;

Happy to take the $300k figure tho. So over a months revenue to well test 2 drills that they previously walked away from (wonder why).

I suspect neither will be well tested but they wanted to dangle a carrot for the over invested rampers. Which you’ve gobbled up! :)

Good example of making up lies. When did I reference a $10m placing?! I’m not even sure they can as per the AGM.

Next lie

“Then Screaming about Gazelle & Gobi Well Development costs of $2.5M each - and having to be corrected that prigram is WELL TESTING at around $309k max (if they go ahead with it this season).“

I just corrected Abzzba and Thorn that they weren’t aiming to get to production this year. It was them and Abzzba in particular who claimed that’s what the March RNS meant.

I agree with you WOS neither gazelle or Gobi will be brought online this year. Aside from the fact they’re probably not commercial the company don’t have the money ($2.5m) to bring them to production.

Liar caught lying again.

1 producing well of 200bopd is the output here which hopefully for you over invested rampers they improve. I suspect they will

Or stop making false claims and flooding the board with a commentary of how confident you are?

I think “quoting” what people have said is better than making up things they’ve not said.

The fact you’re uncomfortable being quoted is revealing. As is your posting style here compared to elsewhere.

Velo is another completely discredited poster posing as an expert.

He’s convinced this is a great investment - which is fine. But look how things have played out against HIS expectations

“We are weeks, or worse case months away from becoming an oil producer with, let's say 7 wells, in reasonably short time,producing 300 barrels a day min. Plenty of revenue for additional exploration and more discoveries”

That was June 2023. There’s infact 1 well producing 200bopd, none of which has been sold. The SP was 4.275 when he gave that assertion, which gives a clue to his skin in the game and losses.

I’m a bit confused what you believe the issue Manx and similarly what I’ve said you actually disagree with. But (respectfully) happy to leave it there as I certainly by everything I’ve said about none of us knowing what the work will be, what it’ll consist of and what the likely uplift will be. FWIW I agree they’ll get it producing more.

To all the other clowns who can’t discuss the specifics then don’t worry above motives. Just assume I’m here because I want a cheaper entry (I’m not) or because I’m short (I’m not) and debate the perceived negativity.

Or just keep the mindless ramping like Friday fomo. A very different thorn to the one objectively assessing stocks he’s not invested in. Wonder why!

@proquo

“Yes, apparently the stockbashing gangsters like to argue that having extensive assets for future development is a problem. That's how manipulative they seek to be. Ignore“

More false news - to be expected when you (apparently) don’t even read the posts you take issue with.

The point stockmaiden is making is the company lost circa $10m last year and currently have dwindling cash and income of circa $200-250k per month. In those circumstances is it wise to commit to an additional circa $450k a year on new blocks over the short term (next 2 years).

It’s a valid topic for a message board

“ADW…is telling us he doesn’t know anything but expect bad things to happen in the future“

Which bad things have I said will happen Tenbag?

You’re the absolute tool who complained because “future events haven’t happened yet” so your grasp on the future isn’t great!

Well I certainly never said the sales agreement won’t be signed. Both me and Doc said we thought it would be.

Perhaps it’s the strawman you like to argue with who said that Abzzba?!

Having no sales deal was a significant issue / risk. Some of us said that at the time - others like Proquo and thorn played it down and then when it arrived hailed it as “derisking” the company. Textbook ramping really, just a surprise more can’t see it for what it is.

Next will be the raise they insist won’t happen. When it does they’ll be the first saying how great it is

@manx

If you’re saying the sand issue (that prevented them going above 200bopd) is now fixed and we were told this in March, why in April did you say

“May sand screen for H1 and production uplift.“

All I’m saying is what the company have told us - they’re looking into ways of getting production up.

Manx, it’s Abzzba not me insisting it’s the sandscreen that’s the fix.

I’m “quoting” the most recent RNS and AGM where they say they’re looking into potential fixes. That’s all I’ve said, I’m not claiming it’s positive or negative - it’s just FACT.

Could you please provide the timestamp of where he said the sand issue had gone away? I recall them saying that about the pressure, not the sand. If I’ve missed I’d like to listen.

Have you got a timestamp for that please at Manx?

At 10m 15s he reiterated they’re studying the data to see “what intervention strategies such as the installation of sandscreens and / or a 3 stage separator are technically and commercially merited”

That tells me there wasn’t a fixed plan, hence me saying nobody knows what they’ll do, how much it’ll cost and the potential uplift.

Abzzba called me stupid for that.

Yes Abzzba we’ve discussed the January RNS before - which we can perhaps agree strongly suggests they’ll do the sandscreens in Spring *IF* sand is still any issue.

What you appear unable / unwilling to acknowledge is the more recent RNS that doesn’t mention sand being an issue and instead says

“Pressure data is being acquired to facilitate production analyses to determine what modifications can be performed to increase the sustainable production capacity of the well”.

Why no mention of the sand?

It might still be the issue but it might not, hence nobody knows what the fix will be, what it’ll cost or the potential uplift. Especially you

@abzzba

“ADW says "Nobody knows what remediation they are going to carry out at H1, how much it’ll cost or what the end result might be", what an idiot, we know from a previous RNS that a sand screen will be fitted (if needed)”

IF needed isn’t the same as “will”.

The last RNS didn’t mention a sandscreen mate, as I keep quoting and trying to upskill you they said they’re looking to see what they can do. Will it be a sandscreen - possibly / probably.

Do we know what uplift it’ll result in - nope.