Member Info for investor33

Thanks for the figures Adw189 - interesting.

How many productive wells are people anticipating for Heron with a farmout ?

Adw189 - could you break down how you come to roughly $70- $140m before say a 50:50 split ? Just wondering how many wells, and what average bod you are using per well. Thanks.

Abzzba ; re the poor spelling and arithmetic - that's true.

And adw I've noticed has always done business as usual over UK bank holidays, which makes me wonder whether he's living outside the UK somewhere. For example, who would spend a really ( rare ) sunny UK bank holiday Monday posting all day on this board ? If it wasn't a bank holiday in whichever country you are living then you wouldn't care.

Altan5 sounds just like aquitwat reading some of his previous posts - even down to misspelling ' lose ' as " loose...'

The local consent via a vote by the local committee was forced on the company due to the special purpose designation which would have dealt with the issue being stalled by the governor

The tripartite agreement had already been signed. By the MG and by MATD, but the governor refused to sign it.

I wouldn't be surprised if someone was bribing him - and now laughably his job is to promote foreign investment in Mongolia...

The only planning permission was the one required for the surface infrastructure which the government waived late last year so that the company could proceed straight away.

The local access permission was not a planning permission. It was an access consent. If the special purpose agreement had been signed years previously by the governor then the local consent would not have been necessary.

Abzzba - 😂

Master - what do you suggest that MB could have done differently given that :

1) the Heron access permission was unfairly held up by that governor for 3 years, meaning that the company could either do wildcats or absolutely nothing during those wasted years.

2) that the company has never had much funding as an oil junior, and prior to MB being appointed had never managed to become a producer.

3) that COVID hitting in 2020 would have made operations impossible for at least a year anyway.

Under MB the company has achieved the exploitation licence, the LP access permission, the 25 year special purpose designation and now a 3 year extension to this. And they have branched out into renewable JV projects that look like they will be big money spinners for a company that has often been starved of cash.

TenBag ; this comment of yours " Oh well. Sell up and move on. Quite simple. Only a fool would hold as there is an opportunity cost." is not very sensible for LTHs who are say 70, 80 or 90% underwater.

How can there be an " opportunity cost " if they were to sell up now and be left with very little from what they originally put in to invest elsewhere ? Totally illogical.

Manx ; " Renewables due to start activitiy in 2026. Selling the development set up to developers as bundled projects is interesting. I am not sure how this can drive ongoing long term income, but for short term large cash returns this is fine. (MB has always been talking about good double digit returns on investments before!) "

He said in the investor presentation that eventually the company will aspire to becoming an actual developer for renewable projects - probably in a JV. So a step beyond simply selling to a developer at the " ready to build " stage, when the land which has been leased has all the permissions in place.

I love the Adw189 profile that's been created....So funny. A great way to counter that adw198 twat. Lol.

Wigster ; " Fair point, and I agree it literally could be anything! Like I lot of people (I guess) I just like to tinker with future projections to see how my portfolio could possibly pan out, so was just after a few thoughts to get a general consensus, whilst taking into account that ultimately none of us really know for sure. "

Probably the best thing is to look at previous resistance levels on a chart. If the MMs want the liquidity to sell, then they can ramp the share price up as much as suits them. Look at that crazy move to £2.00 back in 2011 and then straight back down again to something like 3p two years later.

Around the 4p to 4.5p level has been a consistent resistance level going back years, so eventually that's where I would be looking. If it spikes suddenly it will probably re-test those areas. After that you are looking at the 5.5p level and then 7p.

Wigster ; " Fair point, and I agree it literally could be anything! Like I lot of people (I guess) I just like to tinker with future projections to see how my portfolio could possibly pan out, so was just after a few thoughts to get a general consensus, whilst taking into account that ultimately none of us really know for sure. "

Probably the best thing is to look at previous resistance levels on a chart. If the MMs want the liquidity to sell, then they can ramp the share price up as much as suits them. Look at that crazy move to £2.00 back in 2011 and then straight back down again to something like 3p two years later.

Around the 4p to 4.5p level has been a consistent resistance level going back years, so eventually that's where I would be looking. If it spikes suddenly it will probably re-test those areas. After that you are looking at the 5.5p level and then 7p.

Wigster : it's useless to try and predict price rises on this that or the other. I once saw it go up from 1.8p on the open to 6.5p on the same day based on an RNS that was simply hot air, with no LP permission in place at the time.

It's a very weird price action this one - very unpredictable. Think about the fact that for 17 years with no income stream in that time the share price high in any given year was never less than 4.8p ( the COVID year ) yet this year with production happening and lots in the pipeline, the high of the year so far has been just 2.4p - so half what it was in all those other 17 years. Very very weird. Back on the 22nd August last year just a couple of months after the second to last raise the share price hit 3.5p....

Margaritas ; read a couple of books about narcissism ( " Narcissists all around us " for example) and sociopathy. Then you will understand what you are dealing with when communicating with someone like this adw creature.

Judging from a post title that others responded to (as I filtered him ages ago ) apparently he claimed that I'm " a wife basher " without knowing anything about me. A clear sociopath, and probably a narcissist sociopath as well I suspect - they are two separate disorders, but can be combined.

If he's not being paid to do this then I would guess that he is living on a disability benefit for mental health issues - a tabloid yesterday did an article showing how easy it is to claim this on bogus grounds. If he was say a freelancer WFH then it would be impossible to be continuously monitoring the board and posting multiple times throughout the day as he does. It simply wouldn't be possible to concentrate on your work.

The advice that is always given by experts in terms of dealing with chronic narcissists and sociopaths is to ignore them - otherwise they drag you down into a very dark place which reflects their warped minds and twisted thinking about life.

F3rdinand ; I agree.Hamm's observations are often miles out, and the idea that H2 is make it break and company defining is plain daft. The success rate for PC with drilling blocks 19 and 21 was apparently about 55% so why should MATD be held to different standards ?

This is why it's at the stage whereby a big player comes in - they will probably pay less per drill, and if one is not commercial they will just move straight on to the next one. That's how it works for the big players - not hanging everything on just one drill. We need a really fast roll out of Heron.

And Hamm - please give up your price predictions which you just pluck out of your head with no rationale behind them. You said 15p on the granting of the LP and 40p by the end of last year didn't you ?

"Attention seeking Adw "I'm no oilman or accountant " thinks we're all bonkers."

Bear in mind that narcissists actually rather like to make enemies, as it garners them attention. Being the centre of attention is everything for narcissists. Ditto for sociopaths, who are usually extremely narcissistic anyway. And empathy and narcissism are inverse one to the other - the higher the degree of narcissism, the lower the capacity to be empathetic.

Still, some of you guys insist on making these types the centre of attention through not using the filter button...

" loss of income from H1 " I meant.

Abzzba ; what about the costs involved with getting those wells to be productive? Surely this needs to be recouped as well as the loss of future income from each well that is productive ? And the loss of say half the income from H2 over 20 or so years adds up to rather a lot - say 20 million Dollars, though its productivity will presumably diminish over time?

It explains though why this workover programme has been to urgent - it impacts greatly on the farm-out deal and its terms.

Well said mmafr.