Member Info for asher7

So be careful because this is going north shortly imho

Ps I await the first negs comment 🤔

Velocraptor this morning gla

Important note re PSCToday 05:11

I have been looking back at the PSC and our expenditure.

From my calculations we have spent about 20M on getting to production. Under the terms of the PSC, and as i read it, we will not have to pay any PSC payments for at least 1 or 2 years pending Heron 2 coming online (if and when). Then 3,4,5,6 etc

Revenue (per well) will be 650000 USD per month (less minor costs)

Assuming 70 a barrel and 300 a day production

Let's assume we don't get Heron 2 on production until March .

So our revenue will be

December to March 650000 USD /month 2.6M

April to December 1300000 USD /month 10.4M

December to December 13M USD

ZERO PSC payments due.

Add in Heron 3,4,5,6 (one well every month) another 650,000 USD a month.

30 million ish barrels recoverable @70 a barrel = 2.1 billion dollars in oil in place

@100 oil = 3 Billion USD

@150 oil =4.5 Billion USD

This is off one structure in one block

Add in massive renewable projects (shovel ready 2025)

Pipeline to new refinery 2026

Fast forward Dec next year and allow a bit of blue sky

10 wells 300 barrels a day $100 a barrel oil.

100M USD revenue

Current market cap 36M pounds.

STRONG BUY , you better believe it

Start of production from the well is planned on or before 25 October 2024.

The Company will be honoured to host a delegation headed by the Ministry of Industry and Mineral Resources at a startup ceremony at the well site on 25 October. The delegation will include senior representatives of the Ministry, senior officials of industry regulator the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), and invitees also include the Provincial and District Governors and their respective senior officials as well as representatives of PetroChina.

Don’t listen to the deliberate noise from the negs and traders they are about to have there trading cycle at these levels taken away from them.

News is coming thick and fast from here now gla

Rarely do I report someone, but TBT is so blatantly here to disrupt and is clearly the owner of multiple accounts. I suggest others report him so that some kind of order can be restored.

Doc I would normally agree but if you ain’t going to include the likes of gusto(60 + posts) in this let’s report and get tbt banned it looks a bit unbalanced in my world imho 👍

Doc 🤣 👍

Imo it held well and may change a few minds, undervalued from here going forward imho and news is going land thick and fast with Mongolia playing ball for once

A 🚀 for those who sold and maybe paying higher 😎

By your post using snail in your msg you didn’t get your 2.2 finish 🤣

On a different note we finished up with the bb full of neg rubbish.

Ceremony on Friday and oil flowing maybe before what’s not to like and a blue RNs finish gla

Don’t give your shares away on the cheap 3p plus is on the way gla

All coming together now gla

Have turned very pro matd the deal is imminent imo

My little green box gusto with over 40 posts today mad as a box of frogs 🤣

You maybe right or wrong but it’s your trading strategy doc aswell we all know.

We have a big RNs coming for the ceremony on Friday so I’m staying put and not listening to the noise production production production

Stas20 of course they didn’t they just see sells 👍

Master82 nothing fishy just traders distracting from the fact we are going to produce oil from Friday and expect another RNs in the next 2 days.

Ps I wonder who’s sold for all to see again from their flipping posts 🤣

Nice 👍

Just a reminder because a few negs have sold out to early 🤣 imminent news on the way gla

Mb was forced in to the RNs this morning so expect a big one on Friday hold imho

The Company will host a delegation headed by the Ministry of Industry and Mineral Resources for a production startup ceremony at site on 25 October.

Slow steady climb to 3p gla

Master82 we are 20mins in the day is very young.

Production at last and watch them pile in gla

We have a few rns’s that are imminent mb was forced to put this one out through the article.

Sell like the negs want you too but let’s see where we are in the next few days gla

Investor33 true colours coming out hmmm

Well done first oil production Friday and maybe sooner so expect another RNs before the weekend.

I have no doubt both wells will be in production in the next few days gla

Ps let’s be having you 3p plus gla

Thornogson very well Put 👏