Member Info for investor33

" need to to stack up "

Hamm ; it's just to kick things off. A farmee might be putting in say around $27 to $30m initially, not $100m.

Profits can eventually be ploughed into further wells so as to ramp up the no of barrels extracted over say 20 years. However the figures ned to stack up in terms of a return for say $27m to $30m for the farmee. Expansion beyond say 16 producing wells from 30 drills can be done from ploughing back the profits, but we are talking about what they might need to fund initially to get say 16 producing wells.

@Hamm - as regards "when " it's obviously imminent. They've had a proposal already, and then some questions were fielded by the party which made the proposal, which MATD answered ages ago now. They have done a field visit. It's very much imminent - could be any day now.

Hamm ; I'm pretty sure that a farm out will happen, because the figures really stack up for the farmee, based on an assumption that they can drill and finish wells at something like the kind of cost that the likes of say PC can do. We must be paying a huge premium for using DQE, who anyway are an arm of PC.

Even if a farm out didn't happen, it's not a cert that another raise would be necessary - they seem to be generating free cash currently, even with only 70% of the invoices being paid. And then you have the 200 MW project, which could well be cashed in this year. That's worth about $5m to $10m even after a 50% split with Sunsteppe.

I wrote this on Saturday ;

" So based on abzzba's figures ( an AI take on typical onshore drilling and completion costs ) all we need really is the partner to drill say 30 wells at between $400k to $950k each - so $12m to $28.5m for the drilling, and then complete let's say 60% of them ( 18 wells ) for $3.96m to $9.9m, in order to produce 2,700 to 3,600 bpd ( 150 - 200 bpd) So a total cost to them of around $15.96 m to $38.4m for 18 completed wells. Those figures include the cash spent on non productive drills.

Maybe the actual total cost for drilling 30 wells and putting into 18 into production would be somewhere between those two figures @ around $27m ?

@ 150 bpd x 18 wells = 2,700 bpd @ say 360 days comes to 972k barrels per annum, and 19.44m barrels over 20 years. Then @ say $50 per barrel ( post refinery pricing ) and after deductions, that leaves $972m to be shared between the two parties over 20 years.

Or @ 200 bod x 18 wells = 3,600 bpd, which based on 360 days per year comes to 1.296m barrels per annum, and 25.92m barrels over 20 years, so based on $50 per barrel post refinery, it comes to $1.296 billion to be shared between the two parties over 20 years. "

Given that this Doc person didn't seem to be able to distinguish between post exchanges under anonymous IDs, versus making defamatory remarks about a named company or person, I'm hardly quaking in my boots...Lol.

I thought I would hold on a bit longer before filtering Doc, as I've decided to look back for defamatory comments towards the company and MB in his previous posts, so that I can screenshot them and send them to the company.

And that's 4 posts from him already today, as an example of how actually he does a normal job, and in his words " averages just 2 posts per day " Lol.

I wonder what job category professionally working a microcap oiler's chat board comes under ? Lol.

And by the way, I didn't make any predictions about what the share price would be on production, however the fact that the share price once hit £2 is a basic truth and fact. Whether it will ever do it again is anybody's guess but nobody can definitively say that it will never happen.

Funny how the professionals who work this board always have the time to trawl through every single post that you have done in the past.

Reminds me of that other guy who is no longer on here....

Margaritas ; Doc is gainfully employed, but just dips in here now and again in order to do his average of 2 posts a day. Surprised you didn't know that....

Believe that and I've got a bridge to sell you....

It would have helped if the likes of Hamm hadn't confidently declared in early 2024 that it would be " 40p on production. " I wonder how many bought in off the back of comments like that ? As though we are drilling in Saudi Arabia, whereby a well will produce 2000 bpd. 150 bpd is good for Mongolia from one well. Pure Dunning Kruger.

Or Master confidently declaring that " it will be 15p on the third well ." I don't think it had even been widely known how much a drill and completion of a well cost at that point back in early 2024.

It was pure Dunning Kruger to believe that all the company needed to do was start production in order for the share price to hit 40p, or to hit 15p after the third well....There was no funding to even start the first drilling back then too.

Re the 2005 Soco sale - I just checked, and if an entity paid 90m Dollars in that year for an asset, then they would have to pay 149.36m Dollars to do the same today, such is the erosion in the value of fiat currencies...

Before I filter you Doc - it's been satisfying since I unfiltered you briefly to prove the lie you made yesterday, which gave the impression that you are in gainful employment, but just post on here a couple of times a day when you get a spare minute or two....lol..

You clearly read, monitor and very often reply to posts throughout every single minute of every single day on here. Only you know the real reason for why you doing this...others can guess.

Anyway - filtered now, and good riddance. Happy that you are so outraged about the fate of your colleague though...

And to answer your question,- despite you avoiding mine - the buying power of a Dollar in 2005 was far more than the buying power of a Dollar in 2026.

Why do you think when people talk about let's say wages or house prices in the 50s, 60s or 70s etc they typically adjust the figures to an equivalence in terms of today's money ?

I'm going to filter you again, as you are a waste of time. And I doubt if you will ever tell anyone what you actually do for a living other than monitoring and posting on this board 24/7.

Doc : funny how you dodged my question.

To repeat - what profession do you have in the real world other than being parked all day every day on the chat board for a microcap aim oiler which you seemingly have total disdain for ?

Typing quickly on a phone isn't ideal, however I'm not a professional chat board poster unlike some...

" what job you do in the real world " I meant.

Doc ; re your question - I'll answer it if you tell me what job in the do in the real world, other than being parked on here all day every day...You were posting in exactly the same way back in May 2024 and you haven't stopped since seemingly...

Someone tell that corpse person that Soco weren't bought out as a company - it was their asset that was bought ie block 19 at around 150m Dollars when adjusted for inflation in today's money.

Plus MATD is in a JV for the renewables side of the business - when will it get through to some that it's no longer just an oil business ? Maybe when the company gets paid for the 200 MB project the penny will finally drop for some. Work out how many millions that project alone is worth...

Furry ; all I can say that is that if I had only 1k invested, then I would be spending very little time even thinking much about this company, and would either have put my broker slip in the bottom draw, or would have sold up and moved on.

I certainly wouldn't be wasting energy speculating idly about what the CEO might be doing career wise. It just wouldn't matter to me that much either way.

I am pretty sure that there must be some on here with £100k or more invested - I'm not sure what they would make of your attitude and general negativity.

And re the grammar - it's a well known fact that one way to spot fraudster type emails etc is through noticing poor spelling and grammar. So that kind of thing does influence how much people tend to take any notice of what other people write, and how credible they feel they might be. There's a certain logic to it. And I mean there are such things as spell checkers.

Furry ; actually I posted a load of figures to do with a farm out on Saturday morning - shame you didn't read them. The upshot of what I said is a) that a large operator would be able to drill and finish wells at far lower prices than we pay DQE and b) that based on a 60% success rate with the drilling, the revenue figures would be excellent for both parties. Try reading what I wrote.

And you are a big spender aren't you ? To make the fuss that you do with the degree of cynicism attached for 1k's worth of shares is pretty unbelievable. Seemingly it's always the ones who put in the least who make the most fuss and noise on here. Why not just sell up your £1k's worth and be done with it ?