Member Info for investor33

I agree Senator. He's a genuine investor, but it wasn't helping his fellow investors through doing 25 tit for tat postings per day with the likes of " Doc " who probably thrived on the interaction. I asked him many times to just filter.

Proquo - a quick scan of his second to last post reveals that "CrispyTurtle " signed off with " Dusty. "

So it's this "Dusty " guy again by the sounds of it with a new ID created in January. He was banned on here a while back.

Gravy ; I agree with you.

Crispyturtle ; at some point last year others on here sent me screen shots of some of the abusive posts that they had received on here. Some of the very worst came from this " Doc " individual, actually wishing cancer on people. They were sent to LSE and to the company.

Got that wrong - TBT's last post which is still on here was at 11.22 yesterday morning.

TBT's posts are still there from his latest tit for tat lasting up to about 11.30pm last night.

Trouble with TBT has always been that he wont filter the trolls, and has kept on engaging with them in endless nonsensical tit for tat which took up most of the board - especially with that Doc person. If TBT is gone then the "Doc" person will hopefully be starved of someone to interact with, though why he also hasn't been banned is beyond me. Or maybe he has ? I wont know as I've had him filtered for ages now.

Apparently Iran has a huge amount of oil already at sea - enough to supply China for around 120 days. So the notion that the blockade will starve them of revenue and trigger an imminent financial crisis seems off the mark. China already had already stockpiled about a year's worth of oil anyway.

And re the price of oil - you have the spot price and the futures price. The spot price involves delivery in the very near future, whereas futures contracts are for months in the future. So a big premium is paid for the spot price, and the spread at the moment has really opened up, as some are desperate for fast delivery and will currently pay well above the odds for this. The price that you see quoted in the media tends to be the futures price.

I'm not sure whether we are selling at a spot price or futures price. The last email I had from the company said that they would explain to investors how all this works.

Imagine being in Met1 - a year high of 54.99p and today 1.6p.....That's the risk of buying into resource explorers without any revenue, and with just the promise of " good future prospects... "

From all the price targets being mentioned, it's pretty obvious that some people intend to dump their shares when it hits those targets.

It's probably not a good idea to advertise this, especially if you don't use a limit order when you do eventually sell....

That $50.5m I mentioned in order to get 10 wells operational of course is based on the assumption that DQE are used, who typically charge $1.5 per drill, and $2.5 for finishing a well.

If a farm out partner is an oil major with their own rigs and crews, then potentially it could be let's say half of this figure. This is why for me the right kind of farm out is the way to go. Wells could be rolled out far quicker, and potentially at a fraction of the cost, making the overall expenditure far less daunting.

I would sooner that 20 operational wells costing in total $50m ( which includes expenditure on non-successful drills ! ) were rolled out quickly via a farm out, than the alternative of going it alone, and then 10 operational wells costing say $50m, and being rolled out far far slower using DQE.

Manx ; the average success rate with Block 19 and 21 is about 60%.

So if you want 10 successful drills then you may need to do say 17 drills, costing $25.5m.

Then to finish the 10 wells you need to spend around $2.5m per well more, so $25m.

That's a grand total of $50.5m, not $40m.

That's why I don't think going alone is particularly viable. If the hit rate per drill were higher, and the average in block 19 per well wasn't 70 bpd, then fine. IMO 150 bpd per well may be too optimistic when working out an average. Whatever, this kind of figure can't be just assumed as a given - it's Mongolia, not Saudi Arabia. Hamm's also good at not factoring in the cost of the unsuccessful wells. Unfortunately DQE are not going to refund us for the dusters....

Only just noticed a response which I received from the company yesterday ;

" Thank you for your enquiry.

Regarding the recent fluctuations in global oil prices, Petro Matad's sales contract is tied to globally benchmarked crude prices. We hope to be able to further update shareholders on this in due course.

Preparations for the 2026 programme are continuing to progress as we approach the end of the winter season, which will of course include the continuation of production at Block XX.

We understand the frustration shareholders may feel on details regarding farm-out discussions, however ensuring these are confidential is both best practice and protects the Company’s negotiating position.

We appreciate your continued support as a long term shareholder. "

Spirite: I suspect we've had a few sociopaths on here who simply revel in making others feel bad. Twisted individuals in other words, as sociopaths generally are.

Plus maybe a few high on the narcissistic scale ( or maybe both narcissistic and sociopathic ) for whom exuding a sense of superiority over others ( especially other men ) is their main thing in life.

Empathy and narcissism are inverse, therefore making out that one is so much smarter at assessing shares than the next guy, plus typically mocking and taking delight in taunting those who appear to be doing badly, simply reinforces a sense of narcissistic superiority.

" in early 2024."

Hamm ; weren't you ramping then when you misled everyone by saying I'm early 2024 that the share price would be 40p on production ?

Or telling everyone to jump in when price spikes used to start ? I had to tell you what a price spike is...you seemed to have no idea.

"In what has become known as the “Tehran Tollbooth”, vessels must now head closer to the Iranian coastline, nosing themselves between the islands of Qeshm and Larak.

Ship owners then go through a complex – and expensive – process of negotiation.

First, according to Bloomberg, they are required to inform intermediary companies linked to the Islamic Revolutionary Guards Corps (IRGC) of the ship’s cargo, destination and ultimate owner.

Iran then charges a “toll” of at least $1 per barrel, with the rate rising according to the perceived friendliness of the national operator.

Fees must be paid in Chinese yuan, or a cryptocurrency. The average rate for a single oil tanker is $2m (£1.5m). If everything is approved, IRGC boats will finally provide an escort into and out of the “tollbooth”. "

Thanks Dan - excellent info. Glad we are cracking on early this year - this time last year everything was dictated by the PC payments ( or lack of them ! )

This 2 week ceasefire is not anything like what it seems. The Iranians are now controlling the Straits and apparently charging around $2m per tanker on a toll basis. Their 10 point maximalist demands can never be acceptable to the US. Plus the regime in place now is even more hard-line than the previous one. As usual, Trump is full of hubris and delusion.

Senator -the governor delaying everything for 3 years or so meant that dilution was necessary in order to keep the company afloat in those years. Those raises could have been used to get production going otherwise.

From May 2024 after the LP was granted, there were hardly any funds left to complete two wells.

TBT ; On reflection, I think that the naivety on here over the last few years was a general belief that the share price would be dependent on milestones being reached, which would automatically trigger a big surge in the share price as each milestone was attained, starting with the LP being granted. Most seemed to believe this.

If someone was thinking of buying in when the LP was announced in May 2024, and had been told that "actually, the share price will downtrend from here for the next three years " then obviously he or she wouldn't have touched it back then. The danger would be trying to catch a falling knife for three years, and hoping that you had entered at, or somewhere near the reversal point.

I guess in late May 2024 when the LP was granted the question was ; " where will the funds come from for the $1.5m drills plus the extra $2.5m required to then complete a well ? " That's essentially why we have had three years now of a downtrending price action. People will be underwater according to where in that downtrend they entered, unless they bought in at around 0.7p to 1p, which may be around the area of a trend reversal with a bit of luck.

I still don't buy into this binary thinking between " investors " and " traders. "

Lots of people on here have given me the impression that they are waiting for a target price in order to get out, or at least to top slice. That makes them more momentum hybrid traders/investors. I don't hear many people say " I'm here for the next 10 years so so in order to reap divis as well as share price appreciation." I think there are a few in that category - but not that many.

As the timescales are unknown for people to reach their price targets, they have no idea for now how long they will be holding on to some or all of their shares. So you can't acll them traders or long term investors - it just depends.

If we get a trend reversal after hopefully a farm out catalyst, then you will get swing traders who have noticed the trend reversal and will jump in. Hence volume levels will shoot up. Right now though we are ( hopefully ) near the bottom of a multi year downtrend, so momentum traders/investors will keep away for now, until they see a clear reversal pattern. The same applies to swing traders, who are also looking at the prevailing trend, and aiming to join the herd when the herd moves in and creates high volume. Again, swing traders can't be categorised as traders or investors - their timescales for holding the shares depend on the trend.

Momentum and swing trading/investing is what we have seen recently with gold shares, and with the share price surge with the likes of BP with the increase in the poo. Our share price action though has been a multi year downtrending one which hopefully now may be levelling out at the bottom just before a reversal.

Proquo for example mentioned the kind of price target which would give him a multi bagger, however I don't think anyone's called him a trader.