Member Info for ftsemajorgeneral

See abz earlier post as below.

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

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We are paid Daqing bench less a dollar, currently Daqing trades at a 3.5% discount to Brent.

So:Brent at $70 less 3.5% = $67.55 less $1 = $66.75, as MB stated PC pays us $54 we are being charged around $12.50 for transport/handling etc.

Brent at $63 less 3.5% = $60.795 less $1 = 59.795, less $12.50 transport/handling = $47.295 paid by PC.

So our realised price from Petro China while Brent is at $63 is $47.295.

So 350 bopd equals payment of $16,500 from Petro China less the 30% they are holding back

Excellent news that the authorities will look into stock manipulation and toxic chat boards, lets hope they make Petro Matad board here a priority as it has been under attack since September last year.

https://www.proactiveinvestors.co.uk/companies/news/1083477/lse-reportedly-targets-wild-west-bulletin-boards-in-crackdown-on-market-abuse-1083477.html?rel=scroll

Great shame that the oil price has dropped 10% but on the bright side our production has increased 130%, could be more if we can up production at Gazelle.

Abzzba, much appreciated, good to have accurate figures rather than Adw / Unnd guesses.

Lot being made by a few about H1 bopd drop, for fun i asked AI, question and answer below.

Question = Onshore Oil well put on production October 2024 at 250 bopd, this was achieved with natural flow, no beam pump, 5 months later a beam pump was needed as reservoir pressure dropped, production reduced to 200 bopd then 160 bopd 3 months later, would a water injection well help and what could the expected increase in production be.

Answer = Benefits of Water Injection

Reservoir Pressure Maintenance: Water injection helps maintain reservoir pressure, which can prevent the formation from collapsing and allows oil to flow more freely towards the well.

Increased Sweep Efficiency: Injecting water can improve the displacement of oil in the reservoir, helping to sweep more oil toward production wells.

Expected Increase in Production

While the exact increase in production depends on various reservoir characteristics (e.g., rock permeability, oil viscosity, and reservoir size), here’s a rough estimation:

Initial Increase: Water injection could potentially increase production by 20-50% based on typical industry practices, particularly if the injection is well-planned and executed.

Production Projections: Assuming the production at the time of injection is around 160 bopd, a 20% increase would yield an additional 32 bopd, leading to a new production rate of 192 bopd. A 50% increase could raise production to 240 bopd.

Abz, thanks, seems there are a few on here that really want to make the figures far worse than they really are.

Think our Kev has been listening to his chum Adw, always a bad idea when it comes to figures.

Seems our three DUD Disruptors are turning up the heat, must be getting worried about the approaching RNS.

Real easy to spot the disruptive posters on here, Adw, Doc, Master, Furry etc etc, judge for yourself if they have an agenda.

Abzzba, agreed H1 looking good when compared to Petro China better producing wells and no doubt the small decline can be reversed once we have injection wells, as for our resident trolls such as Adw we should keep in mind it were these trolls that kept saying Gazelle was a "DUD", think that was the technical term they used.

Abz, well said,

Abz, agreed, all pretty sleazy here, Admin certainly seem to side with the BASHERs, maybe they have premium services and LSE lapdogs do as they want, i believe KevR yesterday nigh admitted he had the previous LutaLivre account banned.

Our new Mr Positive has them rattled and thats a fact, well done him

LutaLivre, as always many thanks for your ongoing research, it is invaluable to many though i fear its beyond the understanding of the likes of horsers/Adw/ Notpleb/Espen etc etc

Pretty shocking that we have fallen back so much when Gazelle is delivering by itself more than we had expected from H2 and Gazelle combined pre these workovers, if ever there were rampant manipulation it is happening here right now.

I also note we have new breed of NEGs, much more subtle in their approach, almost sympathetic with their posts but these post as without doubt undermining the company.

Anyone looking for genuine and factual info on our renewables sector would do better to look at the July 30th presentation which lays out the various SunSteppe projects.

https://www.petromatadgroup.com/wp-content/uploads/2025/07/Corporate-Presentation-30_07_25-Petro-Matad.pdf

Margaritas, you are quite correct in what you say, seems logical 350 bopd is better than 150 bopd, not sure if this computes with our resident TROLLs though.

Adw says he knows what the RNS says, big difference knowing how something reads and understanding what is said, i would guess this is why he is more often wrong than right.

Who would have thought an increase of 200 barrels a day would cause a huge reduction in the sp, if we promise to pump it back can we return to yesterdays sp.

Onwards and upwards, once this lunacy ends.

Fantastic Gazelle news not so good H2 news, but H2 is not dead, it lives.

Fact, if we had been offered 200 bopd pre workovers we would have been over the moon, today we have 200 bopd from Gazelle and H2 work ongoing.