Member Info for investor33

" leases for land " that should have been - predictive text !

The question for me Adw is this. How will ACWA's stated aim of funding 10 GWs of power in Mongolia phase in with our RTB projects ? We have four in the pipeline at the moment.

In order to accommodate ACWA wanting to develop so as to create that kind of power will we need to quickly take on more leaders for land ? And obviously it does take time and money to get a project to the RTB stage whereby it can be sold to the likes of ACWA.

I'm just trying to figure out how SunSteppe will be able to quickly scale up in terms of their capacity to produce RTB projects for ACWA to buy, as obviously they will not do the actual development work on the various plots.

How many shares do you own Hamm?

So it begs the question why did you then buy in knowing about them drilling without a permit at the time ?

Why didn't you start doubting MB back then ?

The governor was not right - two of the three parties signed the tripartite agreement to make the land special purpose designation. That included MATD plus the Mongolian government, however the governor refused to sign it. And there was that false excuse about it overlapping some protected land, which was demonstrably untrue.

We were then granted this special purpose designation earlier this year, which proves that the governor was in the wrong. Plus, they recently extended it by 3 years to make up for the 3 years which the governor unreasonably held it up by. If they thought what he did was right then they would never have given this 3 year extension would they ?

Master ; there's always a risk of buying into a junior resource company before the results are known - whether it's oil, gold, platinum or whatever. You admitted that yourself.

We should have been 3 years ahead of where we are now - and that's down to that governor. Without him a farm out would already have happened a year or two ago.

A good outcome with H2 or Gazelle will push it up a bit, however for real sustained volume to come in people will want to see how the company will be earning in the 10s of millions, not say 3 or 4m.

That's why it needs a farm out announcement for things to radically change. Either that or maybe an announcement of a sale of one of the RTBs.

The renewables are not as far in the future as some make out - the negs seem to have totally not registered the fact that some of the cash raised was allocated to getting at least one of the RTB projects to the stage whereby the project can be sold.

Re H2, those AI responses that I just posted are very telling re wax and mud/ rock deposits. Bear in mind that when they tested in October last year the temperatures must have been quite low. I suspect that the wax has been a big factor in terms of the initial flow rate. Once it gets flowing properly the higher temperatures lower down will kick in. Plus as regards rock debris etc acid will dissolve this quite easily.

We only needed another 15bod anyway to make it commercial.

Bear in mind that 1 GW = 1000 MWs. ACWA are talking about 10GW of renewables projects in Mongolia, plus the green hydrogen projects which would be potentially another 5GWs.

We have been told that the value for an RTB project per MW is 50,000 to 100,000 USD.

Do the maths for 10GWs...

"Impact of the acid wash

The presence of carbonates and the subsequent acid wash directly address a second, independent cause of low flow that can compound the wax problem.

Formation damage removal: Drilling operations can cause fine rock particles, drilling mud, and other debris to clog the pore spaces of the reservoir rock near the wellbore. This is known as "skin damage".

Dissolving carbonates: Carbonate rocks (limestone, dolomite) are highly reactive to acid. An acid wash or "matrix acidizing" involves pumping acid into the formation at a pressure below the fracturing pressure. The acid dissolves the carbonate rock, as well as any other acid-soluble materials, effectively reopening the natural flow channels.

Creating "wormholes": In carbonate formations, the acid can create new, highly conductive pathways called "wormholes" that bypass the damaged near-wellbore area.

Post-rework expectations: The acid wash is highly likely to be effective. By removing the carbonate-related formation damage, the treatment will lower the resistance to flow from the reservoir into the wellbore, leading to a significant and sustained increase in the well's productivity. "

Bear in mind that it was October 2024 when the first H2 flow rates were found. Presumably the temperatures were by then fairly low with winter starting ? ;

" Cold temperatures and gelation: In the near-wellbore environment, particularly during the initial test phase, the temperature can be low enough for wax to begin crystallizing. This creates a waxy gel that drastically increases the oil's viscosity, causing the "slow in starting" flow observed in the initial test.

Flow obstruction: The gelation of wax, along with the physical deposition of wax on the pipe walls, reduces the effective diameter of the wellbore and near-wellbore rock, increasing flow resistance.

Likelihood of improved flow: Daily production is likely to improve after the initial startup. As the well continues to produce, the warm fluids coming from the hotter subsurface will raise the temperature of the wellbore and surrounding rock. This thermal effect will melt the wax and improve the oil's fluidity, allowing it to flow more freely. Ongoing production can maintain the temperature and shear forces needed to prevent significant wax accumulation.

Impact of the acid wash "

Answer to the AI question posed by abzzba ;

" Initial slow flow in a well producing waxy crude oil, even with a high API gravity, can be directly attributed to the crude's high pour point. A high pour point indicates that the wax naturally present in the oil solidifies at a relatively high temperature, causing a gel to form that obstructs flow until sufficient heat or pressure is applied. The subsequent acid wash is very likely to improve production rates by dissolving flow-restricting carbonate particles and reopening pathways within the reservoir."

Thanks Adw - I agree, it is highly significant news.

It's highly likely that the renewables side will eventually be far more significant than the oil production side of the business.

You can be pretty certain that kevinround and adw198 are the same person ;

1) They both use the term " loons " when they are insulting other posters. Nobody else uses that term.

2) They are both obsessed with " Wos " and talk all the time about Adw189 being Wos.

3) They are always going in about how they were in a position but have just closed it, and are glad they are not holding any shares right now.

4) They both keep repeating the narrative that they are sure that H2 is a failure.

Thanks Adw.

Btw, KevinRound wrote this on the Gold.l board yesterday ;

" I have one eye on HEX and also MATD in case either go on a run I want a bit of free cash to buy in (I'm already in HEX but encase it goes on a run like before I can buy more)."

Adw ; so it's londonleedsman@gmail.com

Thanks.

Adw189 ; ok thanks. Let me just dig one out that doesn't reveal my name, otherwise I will have adw198 stalking me...

If you need to see a loon KevinRound then check out your bathroom mirror....

I mean you have no interest in the company other than to trash everything that it is about, and in being spiteful to genuine holders of its shares. Just bog off.

I don't think that Kevin Round has even worked out what an RTB project is yet - he probably thinks that MATD and SunSteppe would have to actually build the projects. Some of the money from that last raise went to getting at least one project up to RTB status. Hardly " years away. "