Member Info for investor33

KevinRound is back to share his astute observations...

This is the guy who stated that the renewables side of the business would be " worth pennies " and had seemingly no idea that each MW is valued at 50k to 100k USD, thereby valuing the 4 RTB projects at between 90m to 180m when they are sold to developers.

And he then did a while load of calculations on cost vs production to try and prove why a farm out partner is unlikely to be interested. Only slight thing is that he based his entire well thought out calculations on the field only lasting for 5 years and then suddenly drying up....😂😂😂

You could have an unequal number of people or entities selling shares, as you might have one seller who sells a large no of shares to multiple buyers so that the order can be filled, however the actual total of shares bought or sold on a given day must be equal if the buy or the sell order got filled.

Imbalances can only happen if orders don't get filled and they just sit on the order book waiting to be filled.

And " the increasing no of sells " will have been matched by an equal no of buys if you understood for once what you were talking about.

If you sell something you need a buyer, otherwise it remains unsold. Doh....

Hamm ; do some homework and read an RNS to know how the money was spent :

1) to get at least one of the RTB projects to the stage where it/ they can be sold to developers.

2) to save costs by putting H1 on to the grid.

3) the workovers for H2, Gazelle and Gobi.

We don't actually know how much has been spent on the latter - for all we know it could have been a quarter of what was raised or less.

Louise82 : interesting thinking given that H2 being non productive was already factored in to the share price back in November.....you expect the market to react twice to the same thing if it doesn't become commercial?

I'm in. I've been following it for a while now, and am glad I held back and didn't jump in at around 28p. A raise was inevitable, and now they are well funded to really crack on.

Abzzba ; yes, surely the term " working days " is irrelevant as in our understanding of it so as to exclude weekends. They are not clocking on and off 9 to 5 in an office Monday to Friday.

Hamm ; I don't think it follows that no news = bad news. Like you said, if it hadn't worked and it was being consigned to being used as an injector well then most likely we would have heard by now.

And has been pointed out, if it hadn't worked then we would be expecting to see large amounts of water being put in place at the site. I presume they don't pour a few buckets down it to test for its suitability as a water injector ?

" drilled by PC " that was meant to be.

Abzzba ; the trolls of course never mention block 19, and the fact that Soco wee only producing 350bpd from 27 wells.

Yet after hundreds of wells were filled by PC it has become hugely successful - accounting for most of the oil extracted in Mongolia.

The idea that everything hinges on H2 is just a trollish narrative designed to exert psychological pressure, as that's what trolls get a kick out of.

Mmafr ; well said. Clearly you know what you are talking about whereas frankly Hamm has always given the impression of being clueless.

Last post to you Adw198. As I said, you are an attention seeker more than anything. Probably people tend to ignore you in real life so I guess in your mind at least this forum gives you some significance...

Unlike yourself, the people who are at the advanced stages of the farm out due diligence will be oil experts. They have obviously already spent x number of months poring over the existing 3D data etc, and will be fully aware of the previous performance of the neighbouring block 19.

Like I said - H2 is sitting on one tiny foootprint of a 215 km2 field, with a very productive well 800m away. They wont be thinking of 2 wells, they will be thinking about scores of wells over the area which the 3D imaging covers, courtesy of PC.

Block 19 was sold without any 3D data, and Soco had been extracting only about 350 bopd from some 27 wells. That didn't stop PC from buying the field. That's because they are oil experts and could see the potential of block 19, despite the limited and not very successful efforts of a junior oiler. Block 19 has been a massive success since PC bought it - it accounts for most of the oil currently being extracted in Mongolia.

Adw198 ; I took you off filter a few days ago in order to quote some of the stuff you have written to Louise for my complaint.I will be putting you on filter again shortly, as I know that like any narcissist you thrive on attention.

And my only interest is what the share price will be when the farm out is announced and when the $90m to $180m renewable RTB projects are sold off. Of course you never comment about the SunSteppe side of things I presume. I wonder why.....?

Adw98 who has no idea of my age ( or Louise's for that matter ! ) makes ageist comments about a generation that he seems resentful about.

Nothing to do with him still paying off his student debt, never owning property and forking out a fortune every month in rent I suppose. Lol.

So we have a field of 215 km2, with 3D imaging covering some of it, yet everything supposedly depends on one well 800m away from a well which is already producing consistently at well over the average produced by Petro China's wells in block 19 and 21.

Yes, I suppose a complete layperson to the oil industry might think that just one well situated in 215 km2 of the Heron field might be of massive consequence. And bear in mind that PC's drilling success is about 55 to 60%....

Gravy-train ; send the screenshots through to Louise who I've been dealing with in terms of a complaint which I've said could be escalated to Ofcom if nothing is done. There was a law change in March ;

" Ofcom's regulatory framework, driven by the Online Safety Act 2023, requires internet providers to manage risks and remove illegal content, including harmful material related to trolling. Providers must conduct risk assessments and implement safety measures to protect users, with non-compliance leading to potential penalties. "

Adw198 desperately trying to keep his account from being barred through making out that he has traded the shares in the last 30 days. He has been under investigation by the people who own/run the site, and I've been told that they have to go through certain procedures in order to delete an account if a person is an obvious troll.

I've never seen any other person on any other company board consistently ask what everybody else's average is. Of course the idea is to note it, and then use it to taunt later with it if the person seems to have a paper loss. Proof of him being a troll.

And frankly there are much much better other options out there right now for trading a share very short term for a quick profit. With the recent glacial MATD price action, it's the last place that I would be looking right now for a quick trade lasting a month.

He's telling fibs of course - nobody would spend all day on here posting 7 or 8 times a day in order to trade a share which is hardly moving right now. He could recently have made decent money doing some quick trades via the shares of several companies that I can think of if he were genuine, and not a malignant troll.

100,000 Dollars that should have been....50,000 to 100,000 Dollars per MW.

Or if you do hear the negs ever refer to the upcoming RTB projects, then they dismiss it as " worth pennies " which is what that Kevinround stated :-) Luckily he hasn't come back so we can hear more of his wisdom....

50,000 to 1000,000 Dollars per MW most definitely does not constitute " pennies " and the 4 RTB projects worth up to $180m split with SunSteppe are not most definitely not worth " pennies " either.

The negs just can't get their heads around this side of the business - they are totally fixated on H2....

800 meters - not 8....