Member Info for investor33

"The clue is in the Rns, we are producing stimulation fluids, not oil."

Why would we be transporting stimulation fluids over the border to China ?

As regards the ' negs ' the big ' neg' right now is the share price, which is self -evident....

If you trust the integrity of the share price and the fact that it ' must ' reflect the fundamentals then effectively you are putting all your trust in the Aim exchange which two UK think tanks recently declared is not fit for purpose and should be disbanded.

The Aim exchange is like a dodgy second hand car dealer - buyer beware.

Sightwatcher " Hurray! You are absolutely right master! Final touch down, petromatad producer of oil but no excitement in SP! Let us expect somebody comes with worthy answer but I doubt it though? "

If you are assuming that on Aim fundamentals and the share price work in tandem then I fear that you will be disappointed. Maybe it does on the main indices, but not on this exchange. It's the MMs and the trading desks which set a share price on Aim according to their best advantage.

"Read the kast RNS which specifically states invitees included the district and Provincial Governors. I'm just saying it would be nice, considering we are still awaiting the tripartite agreement to have confirmation that they attended."

I agree - the tripartite agreement is still very important, considering as it stands right now the licence if for 4.5 years. It would have been nice to know if the governor had attended, but still....

Otherwise, good news that at last production has started some 4 years and 2 months after I first invested in this share.

This comment from a poster on ADVFN ;

"And with more wells to be drilled on XX next year this will go much higher. Great to have an income and be self-funding. I forget the exact cost per well, about £1.5m to £2m as I recall."

You would think that some people would do a modicum of research.

"AMTD Digital, a Hong Kong financial services company, was listed on the Nasdaq and witnessed its stock price skyrocket. The price of the share jumped from an IPO price of a mere USD 7.80 to USD 2,555 within week"

I'm not sure if people know, but there have been quite a few cases recently of share manipulation involving Chinese shares on Nasdaq. It typically involves a concerted " pump " exercise on social media, texts sent out etc, and then when the share soars it is dumped and drops like a stone.

I wouldn't rule out some kind of share price suppression manipulation going on right now with a possible takeover bid somewhere down the line....

Anyway, didn't MB mention in the investor presentation that nobody has made a takeover bid "YET ? " It almost sounded like he was inviting interest from other parties.

https://www.business-standard.com/markets/news/nyse-nasdaq-increase-scrutiny-of-chinese-firms-amid-volatility-concerns-124081500866_1.html

Dozzawba : I think that there is often a fair bit of debate about factual information on here which is good. Sometimes people genuinely interpret facts differently of course - it may not be just agenda driven. Sometimes people just get the facts wrong. An example of that recently was the debate about how much a well costs in total to develop. In the end the factual evidence turned out to be what PM's Jerry stated in the investor presentation.

Right now we have the debate about the PSC agreement, and how much the company can offset previous development costs so as to delay the commencement of PSC payments. If we can go quite a few months without having to pay anything then that's a massive plus - especially if H2 comes online very soon. We don't have any definitive facts from the company about this as yet though - for now people are just reading the PSC agreement and making their own call on this.

Jojoba : " Investor. Except when someone tries to control the debate by flooding. Thus endless back and forth with no resolution is just making weary people even more weary."

I agree - self-control and moderation is good. And ideally people not peppering posts with childish emojis as some do on here.

RG27 ; " I would certainly not be underwater to the amount I am if I too had taken more notice of the trends and having misread MB's statement only a week or so before the almost 50% discount he proffered to his backers and himself that the company was fully funded."

My position as well. I was too trusting.

Adw ; we live in very intolerant times, which is reflected in the state of the world right now. To take just one example look at how ' progressives ' on university campuses and throughout society generally try to shut down any debate with cancel culture if anybody expresses a different viewpoint to their own. The whole principle of true liberalism is that of the ' principle of doubt. ' In effect nobody can claim to have a monopoly on truth - so therefore differing ideas and viewpoints should be debated rationally. " I may not agree with what you say, but I will defend to the death your right to say it. "

"Hey dozz. Just had a scroll back through and spotted you were very vocal and angry at people saying there might be a raise just before there was a raise."

And that's why people should have the intelligence to realise that viewpoints are not binary in terms of being divided into labels of ' positive ' and ' negative.' or ' positives ' and ' bashers/negs ' Usually what people mean is that anything 'positive ' validates their worldview, which makes them feel good about themselves, and strokes their ego. So it's all very much subjective.

An example of this was indeed just prior to the last raise. There were many on here who became very irate when a few expressed the viewpoint that there would definitely be another raise. The ' positives ' ( as they would have believed that they were back then) became extremely indignant about this, and in fact I was one of them. Turns out that the ' negs ' back then were right all along, and with the benefit of hindsight you can now say that they were doing all the people on this board a huge favour through expressing their opinion.

So now you can say that at the time it turns out that the ' negs ' or ' bashers ' were those who wouldn't entertain any notion that another raise was imminent, and in fact were leading investors down the wrong path. With hindsight you can now say that those who were were 'positive ' were those who turned out to be right - for example if I had taken on board what they were saying then my average would be quite a bit lower than it is today, and I would be in a better position.

In truth opinions are subjective - not some kind of objective truth. So the labelling of people into two camps is ridiculous. People are entitled to their opinions, which may turn out to be true with hindsight or perhaps just partially true.

Us men tend to attach our egos to our point of view - and that's not always a healthy thing. It's not an existential threat when another man's opinion differs to our own.

" does ' I meant. An unfortunate predictive text mistake....

Adw : it is worth remembering that if eventually your paper loss eventually crystallises into a real profit ( I hope it dies by the way ) then the relative newbies will have stood on the shoulders of the LTHs who have been invested for years and thereby helped keep the company afloat during that time. They don't deserve to be sneered at by relative newbies or mocked for being currently mainly underwater.

Adw : there's something really distasteful about the way that you gloat frequently about the LTHs being underwater. You refer to this frequently.

You're also showing a lack of understanding not to know the difference between a paper loss and a real loss. Nothing becomes a real loss until shares are actually sold and a paper loss is crystallized. Personally speaking, as a share holder for some 5 years I have so far not lost a penny on this share, and I don't intend to either. So take your smug sense of superiority elsewhere please.

Proquo ; what you wrote is grossly simplistic - as though all investors have been invested for the same amount of time and for similar levels of investment. You have some on here who have been invested since post the last raise, and others for 10 years or more.

Those who have been invested for years you will find are mainly bagholders and underwater - they may want out, but are not daft enough to crystalise paper losses into real losses. They may have been ultra positive and optimistic when they first invested years ago, but they have become demoralised and worn down gradually over time by the frequent delays and raises.

Now the last straw is to have finally got to the production stage, only to find that the share price seems stuck at rock bottom. And to add insult to injury, over the time they have been invested they may have periodically had decent paper profits at the peaks of the pump and dump spikes, yet now find themselves deeply underwater just when we are told that the company's prospects have never been brighter.....

" hikes "

Another factor for the selling which nobody ever mentions is the looming Labour budget and the almost certain hikes in CGT levels. Plus Reeves doing away with AIm tax breaks.

CGT bikes will disincentivise investors from taking a risk on shares, and anyway interest rates are still relatively high for savers.

" gone " rather....predictive text !