Member Info for investor33

Thornogson ; if we can get say around 600 bopd from H1 and 2 then I make that about $9.5m a year profit. H1 may eventually do that on its own.

And a JV with DQE will be a definite possibility. That or a loan from the MG would be the best options. PM doesn't necessarily have to go for another raise. There may be BESS revenue coming in this year as well, plus any fees from future farmee agreements. The RNS says that they are actively looking for at least one farmee for the new block.

Thornogson ; I think people are so fixated on Heron that they haven't understood the farmout potential of the new blocks. Cash payments up front from the farmees for each block, and that will help the finances nicely.

And I don't think that people have cottoned on yet to what a BESS project becoming operational can do to the share price once the batteries become commercial. I saw just the other week how a JV agreement to buy just two batteries costing a total of $2.5m ignited the share price of a US microcap.

BP ; It's an example of typically how a farmout typically can happen, and on what kind of terms. And it's another AIM explorer. If you can't see the relevance, then you are such a negative thinker that it's not worth bothering trying to communicate with you.

Why not just get out when you are able ? And then find some shares that you can actually be positive about ?

Stockmaide ; you realise that PM can simply do a farmout with both of the new blocks ?

Here's a recent farmout example on AIM ;

" AIM-listed Challenger Energy, the Atlantic margin focused energy company, has announced that the farmout of a 60% interest in the AREA OFF-1 block, offshore Uruguay, to Chevron, has been completed, with all required approvals from the Uruguayan regulatory authorities having been received, and the farmout taking legal effect.

As an immediate result, the Company has received a cash payment of US$12.5 million while retaining a 40% non-operating interest in AREA OFF-1. Chevron has assumed operatorship of the block and going forward will carry 100% of the Company's share of the costs associated with a 3D seismic campaign on AREA OFF-1 (up to a maximum of US$15 million net to Challenger Energy). Thereafter, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will also carry 50% of the Company's share of costs associated with that well (up to a maximum of US$20 million net to Challenger Energy)."

Badprophet I meant.

BF ; " I never said any such thing - making stuff up seems to to be an enduring feature of this board."

Ok, well whatever your holding is, I'm confident that you will break even or better this year. What I wont say is that we wont have the usual 300% to 400% share price volatility - IMO that's why attention to the price action matters.

Stockmaiden ; whilst the company was being unfairly blocked from the local land access then what else could they do ?

Having said that, I feel that the last Gobi wildcat was foolishly wasted by MB - IMO he really should have waited for Heron 1 and 2 to be completed first given that the local access had been granted at that point. That $1.5m would have been really useful right now.

However, IMO the main culprit regarding wasted shareholder capital over the last few years has been the rogue district governor - he was the one who refused to sign the tripartite agreement when the other two parties had already signed. In fact this agreement is still not signed by the new governor. Questions need to be asked about that - because if it was signed it might help the share price. Had the old governor signed the agreement then we might have been spared some of the wildcat dusters, and H1 and H2 would be at least a year ahead of where they are right now. We would probably be well into H3 and H4 in fact.

Badprophet ; apologies for that last comment.

However, you said that you only have a tiny holding anyway, having reduced it. So I don't really understand your anxiety.

There's every chance that you will break even or better this year on whatever holding you have. Others will have far larger holdings that yours anyway.

Badprophet ; just f**k off.

And get some kind of psychiatric help.

GKahn ; " 33: probably MM games and manipulation. All-time high in 2010 of 210p!"

And that's why I constantly bleat on about paying attention to price action first and foremost !

Badprophet ; you're welcome to your view, and the idea you have that for the first time in the company's history the share price wont have moved up significantly at some point in the year.

Funny how that first year you have chosen would be the first one when production has started, and the first year in which they start in spring with the local access consent in place..... And with Investor magazine naming it as one of their top 20 picks. And one with the BESS project likely to become commercial....And one with two new PSCs which they can farmout and gain royalties on ( some companies only do farmouts and no actual drilling )

And you're just as bad as Gusto, ADW et al in hanging around on here for no other reason than because you get some kind of perverse pleasure in other people's discomfort. It's the psychological profile typical of trolls, who clearly have mental issues.

GKhan " Thanks to the massive dilution from repeated fund raising at increasing discounts. A share consolidation will likely precede the next fund raise "

And yet in 2023 after a 2.5p raise in February of that year, by early May 2023 the share price hit 7p.

Explain that please....

I'm just reposting what I wrote yesterday evening in case some didn't see it. The reality is that this share has been a multibagger many times over for those who watch the price action closely, and have removed all the hysterical hand wringing....

I'm just reposting what I wrote yesterday evening in case sme didn't see it. The reality is that this share has been a multibagger many times over for those who watch the price action closely, and remove all the hysterical had wringing....

Oh, and StockMaiden posted yesterday morning at about 7.30am talking about a ' definite 35% to 40% drop ' straight after the RNS....

Master ; " MB is just a bad news ceo.He has turned all his shareholders poor and has Lost trust of the market.The SP has never been this low . "

Do yourself a favour and look at a long term chart. At the end of June 2016 the share price was 1.4p to 1.5p. And then at the end of February 2017 it touched 38.5p.....

Or we could have complained when it hit 1.8p in December 2018 but then reached 10p in June 2019....

Or we could have complained when it hit 1.6p in March 2020 ( covid ) but then reached 4.7p in June 2020....

Or we could have complained when it hit 2.2p in March 2021 but then reached 9p in May 2021....

Or we could have complained when it hit 1.6p in February 2022 but then reached 5.5p in May 2022....

Or we could have complained when it hit 2.5p in February 2023 but then reached 7.1p in May 2023...

Or we could have complained when it hit 2.5p in February 2024 but reached 5.5p in May 2024...

Got the idea yet ??

Takesiteasy has seemingly only just set his account up in order to comment on today's RNS....

I would imagine that Mongolian wages are very low as well.

Takesiteasy ; where do you get 300K a month production costs from ? I presume you mean the running costs of the company, which I'm not sure that we know.

A quick Google search ;

" Most companies estimate production costs at $6,000 to $8,000 per month per well…or $70,000 to $100,000 per year. "

Stockmaiden ; how about looking at the historical record of the share price since 2016 ? You have probably been in profit several times over the years, yet presumably never taken anything off the table...

Thornogson ; good luck to you as well.

Let's say that in the end there's just a combined 600 bopd from Heron 1 and 2. I make that about $9.7m annual profit. Not too shabby for a company which has never made a profit since its conception many years ago.

And then imagine that this year they do a deal with DQE for say the next 4 wells, with more to come if all goes well.

And then let's say that this year they secure farm out deals for both the new PSCs - taking royalties from both agreements.

And then let's say that the BESS project of a battery or two becomes commercial this year, plus maybe the hydrogen project....

Master ; " MB is just a bad news ceo.He has turned all his shareholders poor and has Lost trust of the market.The SP has never been this low . "

Do yourself a favour and look at a long term chart. At the end of June 2016 the share price was 1.4p to 1.5p. And then at the end of February 2017 it touched 38.5p.....

Or we could have complained when it hit 1.8p in December 2018 but then reached 10p in June 2019....

Or we could have complained when it hit 1.6p in March 2020 ( covid ) but then reached 4.7p in June 2020....

Or we could have complained when it hit 2.2p in March 2021 but then reached 9p in May 2021....

Or we could have complained when it hit 1.6p in February 2022 but then reached 5.5p in May 2022....

Or we could have complained when it hit 2.5p in February 2023 but then reached 7.1p in May 2023...

Or we could have complained when it hit 2.5p in February 2024 but reached 5.5p in May 2024...

Got the idea yet ??