Member Info for investor33

I hope the AGM clarifies how much they have been quoted for the seismic, as it doesn't cost 100 grand or whatever. There are reasons why the company so far has just relied on the 3D provided to the north of block XX by PC.

Senator ; the only thing is that I seem to remember that they were quoted 4m to do the rest of the block XX 3D seismic. I hope that this quote is vastly lower.

I do seem to remember that figure from somewhere in the company's literature, as I wondered why it hadn't been done before.

TBT ; yes, the sooner that PC can be kicked into touch, the better. I think we've all had enough of that company. The stalling is clearly deliberate.

TT ; they didn't pay until mid June last year.

I think for next year they need to have set up agreements with those other Chinese traders they are talking about - we can't have the same thing happen with the 2027 agreement. And then eventually the refinery will kick in.

I think they were quoted around 4m previously for the 3D seismic - so that's why it wasn't dine before. The quote is in some info from the past I believe.

Hopefully the AGM will reveal how much we are talking now.

Proquo ; I seem to remember a quote of around 4m though to have it done in the past. Presumably the AGM will reveal what they have now been quoted.

3D seismic for Block XX could also make a sale far more likely and easier.

Master ; an AI answer ;

" In PetroChina’s operations in the Tamsag and Toson-Uul basins of eastern Mongolia, individual oil wells are typically spaced about 300 to 500 meters apart. This distance varies depending on the reservoir's specific geology, the type of well (vertical vs. horizontal), and the pressure maintenance techniques being utilized.

Key details of PetroChina's Mongolian Operations: Location: The majority of PetroChina's producing wells are located in Blocks XIX and XXI in the Tamtsag Basin in Dornod Province.

Well Count: The operator has drilled over 580 wells in the area, with more than 300 active extraction wells.Spacing Dynamics: The average distance of roughly 300 to 500 meters is an industry-standard spacing in these specific tight sandstone and sedimentary reservoirs. It allows for optimal oil recovery without causing rapid drops in reservoir pressure. "

Imagine what Master would be saying about the Rockhopper CEO had he bought in Sept 2010 @ £6.00 and then found that they were valued at 0.04p in early 2020.....Yet Rockhopper have always kept faith in Sam Moody, and he's turning it around for them.

Like you said Teabag66, the point is that Rockhopper always had the rights to a lot of oil....

Another correction.

Rockhopper's highest ever share price under the current CEO, Sam Moody was £6.00 in late 2010, and the lowest 0.04p in early 2020. He's still the CEO, and has been since 2010.

I read a post from someone the other day who apparently knows a friend who turned £4,500 into 1 million through buying into Rockhopper when everyone else was tearing their hair out. Goes back to that Warren Buffett saying I guess.

Correction - the share price was £5.00 in 2010.

The share price has ranged from £5.00 to 5p during his tenure at Rockhopper. I don't think there have been calls for him to resign.

Sam Moody was appointed in late 2010 and is still the CEO.

The share price has ranged from 50p to 5p during his tenure, yet I don't think that he gets the kind of flak that MB does on thid type of forums.

Master ; if you had been a Rockhopper investor day in 2010 and you bought shares for 50p, how would you have felt when they hit 5p in early 2020 ?

Now they are about 80p and the CEO, Sam Moody has stayed the same during all that time..

MATD's share price volatility is actually fairly tame compared to the price action of some resource stocks that you see on AIm - trouble is, some people treat Aim as though it is the same as the main market, and then get a nasty shock.

Master; how many wells did the previous CEO between say 2009 to 2017 get online ??

I think that sometimes you just have to have some patience with these microcap resource companies.

Look at Rockhopper - £5.00 at one point in late 2010, then the mother of all crashes down to about 5p y early 2020. And then just bumping along near the bottom for about 5 years before recovering to 80p today.

An all time low of 0.68p I meant !

Sands ; I expect it's because for the last two years - so ever since they got the green light with the local consent - there has been a raise each time at about this time of year when operations get underway.

And the last raise was about 70% below the 2025 high, which would make people very nervous indeed about plunging in this year before it is known how the financial side of future drilling is going to happen.

Plus, the volume on Aim seems to come mainly from speculative money, and one glance at a chart shows a downtrend from the 2021 high of about 9p. So since 2021 the highs of each year have got lower and lower, and we had an all time low last year of about 6.8p I think it was. A lot of traders watch charts like a hawk, and will look for breakout patterns before they decide to jump in.

Take a look at a bar or candlestick chart in bar chart.com and compare the bars/ candles pre production to the ones post production. The bars/ candles used to be huge in both directions, but post production they have become tiny and really muted. There's barely been one decent large green bar/ candle since late May 2024 when the LP was granted and it briefly touched 5.3p.

Furry ; the fact that after all this time you still call a " farm out " a " JV" tells me all that I need to know about you.

Filtered.

Isn't it possible for just for once to focus on the company and its prospects rather than indulging in all the school playground stuff ?

Imagine what some on here must have been like when they were 8 year olds.... I think a few on here are simply dopamine junkies.

Fair enough Abzzba - it's a difficult one to call really at this stage.

I just think with say ONGC the upscaling would happen far quicker.

With going it alone on a tight budget I'm nervous about the 60% hit rate in block 19 given that DQE charge 1.5m per drill. At least 4m and counting must have been spent already on H2 - which is just about an entire raise.