Member Info for gvw121

This for me, was a complete disaster, took a massive loss after the failed promises by the board of sharks.

Will be using my money a few hundred quid to take Mrs out for 10 year anniversary, nothing to fancy for her.

Lesson has been learned, don't invest in BS AIM stocks.

Krok is right, it will be difficult to reach 2p and it's wishful thinking if we get there. I have no doubt farm out partner is obviously going to be PC and MB is trying to make it sound like there are more interested parties involved to strengthen his negotiationing hand. Chinese will grab PM by the balls and give it a good squeeze.

I remember when PM hit 2p not long ago and looked set to have a good run then MB did a raise and took the momentum out of the stock after saying he wouldn't need to raise for more funding. This stock has been a waste of time unfortunately, too much risk in these aim stocks, I've been in PM since 2018... But it's a lesson well learned for me not to bother with AIM after this.

To those who think you can't compare PM and Block, your entitled to your opinion but it seems the Chinese do like to drive a good bargain. Anyways good luck to those invested!

I just saw this article about a farm out for. Block energy who have a large gas project in Georgia and they just secured a farm out from a big Chinese firm who took 50% of the business.

Interesting read...

https://www.proactiveinvestors.co.uk/companies/news/1090488/block-energy-shares-jump-27-on-75m-farm-out-deal-for-georgia-gas-project-1090488.html

Good luck to all shareholders, I'm averaging a 50%loss and hope this goes north of 2pish so I can exit without any wounds!

Houthis targeting ship vessels not kids vessels lol, too many pop ups on this site now, so hard to type...

Apologies with previous post, I was meant to say that I bought back in at 281p. I think there will be more pull backs but this was to good to ignore. I reckon ground troops is only option for US now to fix the mess they created with the Israelis. Houthis targeting kids vessels in red sea will no doubt cause more pressure to shipping forcing prices of oil to increase. 330p new target price...

Decided to jump back in at 281p on

Question for everyone, is this share price correct?

In my share account I can't see any 700% increase loll

It's one thing after another with petro matad, MB will squeeze another placing for more of his high explorations. I agree with Master about the tax and customs implications, what was MB doing in the winter period?

Poor management by lazy MB once again.... just gets worse with him and just when you think you've finally turned a corner.

100% agreed on this and it's a shame for long term investors like myself who have seen no value been added to this share price. I saw this stock reach a peak of 8p in 5 years and we have gone below 2p. I feel and this is my personal opinion, MB has overpromised and failed to deliver, there has been set backs with covid and mongolia goverment bureaucracy and the cover up of locals causing protests. I do hope once the refinery is near completion, things start to pick up but I am fearful of another

raise at expense of shareholders.

I am worried because we have no debt and a small amount of revenue coming in that MB is going to lumber the company with lots of debt for his wild exploration drills. If I get to my breakeven of 2.40 I am out. If a placing comes back in afterwards then I'll jump back in.

Got the same price as well and happy to average down

Does anyone know when we can expect next dividend payment?

I think your right doc, will be fleeced once again under Buck as he needs to maintain his high end life style in Singapore. Maybe Buck should move to mongolia to keep the costs down low or even india which is next door.

You'll be waiting a long time then because MB has made empty promises and not delivered. He blamed covid previously for delays which he did have as a valid excuse to an extent. After covid he was still being bullied by the mongol government and became a laughing stock. He did a few silly wild explorations to buy himself time and again failed to deliver. Originally I wanted 7pish, I'd take 5p now to get out but I think it will take another 5 wasted years to see a return. This experience has taught me do not invest in AIM.

Really annoyed that I am now down with a 30% loss this is typical of MB, he finds an excuse to bash the share price at any opportunity but I'm not sure if he's doing this to let 'others' fill their pockets. How comes he didn't acknowledge the flow performance problems in Heron 1 when he first discovered the oil.

It's a difficult one, I don't know if he's purposely manipulating the stock. I will say that I will never invest in aim after having my money in this stock for 5 years with zero positive returns. I remember this was 8p without oil and now with oil we are even lower due to serious management with the company finances whilst MB collects his inflated monthly salary.

Mb could be lieing to investors about the problems, who knows the real truth with what the actual daily flow output is.

This is my opinion and experiences of the company DYOR.

Exactly what we need bigbench

Maybe spudding of gobi has knocked us back to nearly 2p, maybe we are already priced in for a duster....

Just made a small top up, im too heavily invested now so thats it for me. After buying I saw the amount of sells that have gone through, hopefully we see a wave of buying. This has to go up now because the last 5 years has been painful, so at some point I am expecting good news.

Not a bad shout investor. Fully agree with you on this that I have never seen this drop below 2p. Anywhere around 7p-9p is a good time to sell a proportion of shares.