Member Info for investor33

Just filter them for heaven's sake Margaritas. Even TBT once admitted that it's the best thing to do, though if course he couldn't actually bring himself to do it.

If you want to continually interact with a couple of guys sitting in a boiler room in Pakistan or wherever then that's up to you. However you are giving them the interaction which they want.

Abzzba ; as you say, when selling to the refinery we will pay 9 USD per barrel less anyway. A potential farm out partner will be aware of this factor. Plus they will know how much they can drill and complete a well for, regardless of what DQE have been charging.

My preference though would be for block 20 to be sold for between 250m to 300m. As you said, Gazelle will have changed what it is worth from when MB valued it during the presentation.

Anyway, I reckon an oil major moving in will be able to drill and complete wells for much less than the 4m USD that DQE have charged us.

They will bring in their own rigs and do it far cheaper.

Meanwhile, a weak oil price will put lots of US frackers out of business, and expensive offshore projects throughout the world will be shelved.

The Saudis actually need oil to be 96 USD in order to balance their budget, so even the price that oil is now will be really hurting them.

They are undertaking some large scale project and are having to issue bonds to finance them. So they face the prospect of running up huge budget deficits in the way that the western world has managed to do.

When neighbouring block 19 ( together with block 21) were contributing 90% of Mongolia's peak production of 24,000 bopd in 2015, the average price of oil was 52 USD.

It had been 30 USD in 2003 when presumably PC were starting to consider buying block 19 off Soco. However they were clearly looking ahead 20 to 25 years in the full knowledge that the price of oil will fluctuate as it always does during that period.

The Saudis are already having to borrow heavily for various projects they are undertaking even with oil being the price that it is now.

The financial pain of OPEC trying to increase market share through creating oil surpluses will only increase for them.

Manx ; obviously in 2005, Soco sold block 19 to PC, and at the peak in 2015 90% of the 24,000 bopd produced in Mongolia came from blocks 19 and 21.

In 2003 the average price of oil was 30 USD and in 2004 38 USD. Admittedly it rose quite a lot in 2005, however the price volatility didn't stop PC from buying block 19. Over 20 to 25 years these things can even out anyway. If a field only lasted say 5 years then it might be different.

The Saudis need about 90 dollars a barrel to balance their budget, so this drive to increase market share can only last so long.

Just to counter corpse brain's disinformation ;

"Mongolia’s oil production steadily increased until 2015, reaching a daily production of ca. 24,000 barrels of oil. More than 90% of the country’s annual production has been solely from Blocks XIX and XXI in Tamsag basin in eastern Mongolia in recent years."

There's been another 77 share signal today. The MMs communicating amongst themselves most likely...

Corpse ; you know nothing. Just bog off.

After buying block 19, PC have done extremely well from it - the best performing field in Mongolia. Try looking at a table showing how many barrels were being extracted per annum at the peak in around 2015.

Horsers ; I agree, Putin will not agree to this deal - he's a psychopathic malignant narcissist.

Trump has no idea how to handle him - like a mafia boss the only thing that Putin understands is intimidation and strength. Trump has thus far done the complete opposite of what is required to bring about any peace deal. He needs to hold Putin's feet to the fire, however I fear that Putin has some kind of kompromat material on Trump.

Master - why don't you offer to go out to Mongolia and act as an unpaid special advisor to the company. Clearly you could do a much better job..

You still haven't said how many duster drills the previous CEO did, or how many barrels of oil he achieved....

Abzzba ; thanks for those thoughts. Re the Chinese and the Indians - as you say, they are cash rich enough not to want to mess around with a farm out situation.

H1 and Gazelle alone, based on them maintaining their current flow rates, and based on the current price of oil, would generate around 100m USD in cash over 20 years. Block 20 surely has to be worth at least 200m USD now ?

My money now is on a buyout of block 20, which I suspect is imminent. It has to be if the new owner wants to crack on in April or May.

Re 198 - of course "198" presumably indicates someone born in some year in the 80s, which may well mean that he is already middle aged. Strange that he makes such bitter ageist comments about middle aged people then. Or maybe his ID is also designed to mislead?

" white privilege" I think he talked about once. I thought it odd at the time.

Before I blocked him this 198 made comments that made me think that he is not living in this country - comments about " white supremacy " etc.

His ageist comments about middle aged people seemed odd as well, given that if the " 198" means 1988 he would be nearly middle aged himself.

I get an impression of someone who has a huge beef against people who he perceives as being in a much better position in life than himself. Maybe someone living on a wage which we would think in the west as being a pittance ?

I've thought for a while that this 198 and " doc ," are not based in the UK - it will be a boiler room in some developing country. Possibly India even - look how over there the call centres were mainly shut down, and some of the people trained in dealing with Brits, understanding Brit culture etc were diverted towards working in " call centres " devoted to scamming Brits instead. We've seen how they operate on various TV programmes which have been aired. A tragic waste of people who seemingly can't earn a living any other way unfortunately.

Hamm : you are delusional as well, saying that the share price would have tripled if the last RNS had been better worded.

You were going on early last year about " 15p on the LP, 40p on production" without any thought about the company having zero income. You live in a fantasy world.

Master ; instead of going on about Buck, tell us how many wildcats the previous CEO did in Mongolia, and how many barrels of oil he extracted as a result.

Do you even know how many drills he did ?

Master ; I have only ever commented on here after buying shares. It's why I joined the site in the first place..