Member Info for badprophet

Gormenghast lives!

MG will be starting up the refinery predominantly with imported Russian crude IMV.

For your info teabag I have a (much reduced) holding of 500,000 at an average just over 4p - what's yours?

// I predict 300 bopd from gazelle alone//

I really hope you are right teabag and this doesn't go the way of all your other predictions.

So why did MB dodge the questions about Gazelle production at the investor presentation?

GAZELLE -

is it currently producing?

how much?

are it's problems fixable now - given the winter weather?

or will it be shut down until spring?

I think an RNS is required.

If it's a duffer the SP will be 0.5p - 0.8p in short order.

Merry Christmas one and all!

AI:

Wax and water in an oil well often cause major production issues, with wax precipitating out as oil cools and forms solid deposits that block pipes, while water can either stabilize or exacerbate emulsion problems, requiring solutions like chemical inhibitors, mechanical scraping (pigging), hot oil/water treatments, or biocides to maintain flow and prevent costly blockages.

//They didnt because it’s not. Just acknowledge you either misremembered or deliberately tried to mislead people.//

To be fair he did say - the latest RNSs (plural) - and the Nov RNS stated Gazelle was tested at 200 bopd.

A 2p takeover would be a godsend - bring it on!

//Does the CEO have previous stating things and doing the opposite?/

Do bears go to the toilet in the woods? LOL!

//Investor was threatening to sue Tenbag and Abzzba a year ago and now they’re apparently swapping emails. :)//

"Misery acquaints a man with strange bedfellows," from Shakespeare's The Tempest, meaning difficult times force unlikely alliances."

CW - if it DOES get to 4p - would you sell / who would buy?

//Sadly we are stuck here waiting to recover.//

There may come a point at which a decision will be made that "recovery" is not on the cards & I will get out with whatever bit of money that still remains. I would hate to be still holding when PM eventually goes bust.

This morning - rampers trying to convince each other that all is well?

There are plans but currently not enough money to implement them...

//No raise anticipated.//

I once heard that before I think - so MB will probably be setting one up straight after the presentation!

Did they say what gazelle is currently flowing at?

//No matter if not think things lining up for a big 2026.//

It's always "jam tomorrow" with this dog...

//Not sure, but I think that's called 'trading' Bad Prophet.//

It is & and to be expected but if this heads up to 4p or more many LTHs (NOT traders) will be pushing the sell button.

//1.5 mil buy at 1.39//

Followed by 3 half-million sells?

Any rise will get sold into & any substantial rise will get substantially sold into. IMV