Member Info for furry65

Any how, the market is closed , none of my shares , including MATD ,have done anything spectacular, whether that be in the good or bad sense

Time for bed as Zebedee said on the magic roundabout

You don’t happen to believe in conspiracy theories? The earth is flat ? Or wear a tin foil hat TeaBagTen?

Just have this impression in my head ….lol

We know you won’t be silent, it very entertaining TeaBagTen….lol . Can we talk about MATD now or are you just a AI bot that’s on repeat

Who cares? This is supposed to be a chat room for discussion about MATD . I tend to read peoples comments , make a judgement and agree or disagree

This is getting like the school playground , people saying I’m telling on you for for name calling or not agreeing with my opinion

Lol , my inner voice has probably said a lot worse but my mind tells me not to type it out or say it to someone while in company

We don’t all agree on how MATD is performing investor33 and healthy discussion should be allowed but TBT JUST RANTS ….

Same stuff day in and day out , no discussion about MATD , interpretation of RNS etc, THE PROS OR CONS …..sad really

You can sue someone for defamation of character in the UK if they have published a false statement about you that has caused or is likely to cause serious harm to your reputation. For a defamation claim to be successful, you must demonstrate that the statement was false, published to a third party, and caused reputational harm.

I feel i may have grounds to sue Teabagten as he calls me a paid stockbasher ,despite being invested in MATD ..lol

i see teabagten is back ****ging everyone off but not actually trying to talk about the pros or cons of matd itself which we can all agree or disagree on

you would think hes almost like a wind up merchant or someone who’s paid to make the same comments over and over lol

Investor 33 , I am a bit negative on MATD I cant deny it, but why would I want to use figures from a company in 2005 , some 20 years ago ,for a comparison?

We discovered oil in H1 2019 and very little has changed from the original RNS except our production has dropped . We have had to wait for a signature on a form and now the tax fiasco? H2 is a dud and using it to boost H1 production may or may not work.

MB tries to use positive language and possible outcomes from them , but so far there’s been little to cheer about

Investor33 , no need to get your knickers in a twist, I didnt say H1 was a bad well, I said it was a reasonable producer.

But it is our only true asset at this time as H2 is a dud or did i miss something there.

PCs 300+ wells will have varying levels of production some as low as 20-30BPD others may be a lot higher . I’ve tried to find out what is PCs figures for individual wells but had no success. So I’m trying to understand what your point is ?

160 BPD is reasonable for a well in this area, but it has gone from being free flowing to needing pumped, no mention of sand filters anymore. Other on here are trying to say Gobi etc have massive potential

If its so easy to find oil the why does PC have 300+ wells and only produces around 14,000BPD.

H1 at this time is our only true asset , everything else is conjecture, a bit like the 800 or was it 1000BPD predicted by some

Got to agree with you Adw, I took a bit of flack for suggesting that we were going to be around 180BPD using actual figure from the previous RNS and possibly 200BPD if H2 was kept i production.

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H2 has turned out to be a dud and other people on here are trying to say it’s still good as MB said it will be repurposed to aid H1 production . They fail to realise this may not work either and its just an attempt to gloss over poor results

MB forgot about who was to pay tax on our oil, is talking about running an overhead lines and to save on diesel costs?? He obviously has no idea how much how much an overhead lines and associated transformers cost. We are rapidly becoming a one trick pony, Petro China literally have us over a barrel and can withhold payment till this sorry mess is sorted.

Sunsteppe is nothing more than proposals at this time and the supposed battery storage scheme is actually quite small, would provide enough power for about 2hrs to a small uk town.

MB and the rest of the board are running out of time . I think there next move will be to sell up to PC saying its the best deal for shareholders

So MB finally released the RNS and what a shock, no changes to what Hi is producing and H2 is being evaluated. Not only that they forgot about the Tax ???

MARD know they were lucky with H1 and how much it produces , they have used it as the carrot to dangle in front of investors ever since. At least we know for definite how much H1 is producing and I’m happy in the the fact that my figures on production were closer than TeaBag and a few other optimists ( Rampers) who have now shut up and disappeared.

lol, I briefly went into profit yesterday, don’t think that will happen again .

PetroChina is a major player in Mongolia's oil production, accounting for roughly 95-96% of the country's crude oil output. Mongolia's total crude oil production in 2023 averaged 13,395 barrels per day. PetroChina's operations in Mongolia are primarily focused on the Toson-Uul XIX and Tamsag XXI sites, where oil is extracted and exported to China

Divide by 300 + wells and it gives an idea of average production per well .

Anyway, its a nice day, RKH,RR,EZJ all doing ok

Hi Proquo , here is the direct quote form RNS Sep2019

DST2 was performed over a 12 metre interval from 2,834 metres in the upper portion of the Lower Tsagaantsav Formation. The zone flowed oil and some associated gas to surface without the need for any artificial lift. This is exceptional for the Tamsag Basin where only a few of the hundreds of wells drilled have had the capability to produce oil to surface on natural flow. The peak production recorded during the test was 821 barrels of oil per day ("bopd"). For the main flow period, the well was choked back on an 0.3-inchchoke to optimise the collection of pressure data. Through this period, the well flowed at an average rate of 200 bopd with a well head flowing pressure of 250 psi. The oil recovered is very light, with an API gravity of 46 degrees making it one of the lightest oils recorded in the basin. This may be a function of Heron-1 being one of the deeper discovery wells so far drilled and tested in the area. No formation water was produced during the test. The well has now been shut in for pressure build up and once the test is complete and all samples and pressure data have been gathered the test equipment and the service rig will be demobilised and the Heron-1 well will be suspended.

It includes pressure readings , so saying they didn’t know about possible problems would mean that there testing was either poor or misunderstood as they did choke it pack to check pressure.They also reported no water , which we no know to be incorrect. I believe we are now at 4% water. Pays to read RNS

You are absolutely correct , they do say circa, 180 -200BPD equals to 25,000 or 27,800 in 139 days , so entirely feasible we could have produced more or less since March.

The figure of 821 BPD that you like to quote was also known in 2019 RNS along with pressure problems and the need to limit flow to 200-300BPD. Did no one think to work up a fix ready for production in 2025 ? Or is 6 years normal

Pressure problems are supposed to have dissipated but now we have sand problems ? Hope the fix is as simple as suggested and ready to impliment. Will find out in May RNS

Entirely feasible that we are producing 200BPD as the 25,000 barrels quoted was between Oct24 and Mar25. We have hopefully produced more since March but we will get our answer in Mays production and cash figures , no guessing just the truth.

My heart hopes for the best but my head is telling me H1 is producing approx 180 BPD and awaits a fix , H2 will be stopped until

Further results are understood to optimise cash flow. My opinion DYOR ,

Currently 1.81 to buy via Halifax so price is going to have to drop to lower to keep your average. But congratulations on getting your average down to 1.75 .Mine is currently 2.39p, But if 180 BPD is our current production level I don’t see a major rise

25,000 Barrels produced in 139 days = 180 BPD approx.

Hi Abzzba, yes the sun is shining in the garden as I type , Can you tell me what is negative ? Is it me ? Or is it my conclusion about production figures based on RNS dates

Either way , I was bored watching RKH , EZJ and RR chat boards , this is much more entertaining …lol