Member Info for investor33

Abzzba ; I think I would prefer Dongsheng, as I they might hopefully be easier to deal with than PC.

Anybody with an open mind would look at different approaches to the financial markets.

I would sooner see what someone who made just over a million Dollars in one month scalping US micro caps is doing, than listen to someone on here who has never even heard of TA and has a hidden agenda which prompts him to put c**p into an AI bot in order to spew out misleading nonsense which values a barrel of oil at 90 cents ( or 67 P ) .....

Tommy - what you wrote is so disjointed and illiterate that I can't even understand what you meant...

Wigster ; believe it or not the price did give an uplift of 100% from the low of 1.2p to 2.4p at one stage early in the year.

The fact that you didn't benefit is your problem. Most people would say that an 100% uplift is decent.....

However, as I have mentioned in several posts, since the permission was granted the price action has changed radically in relation to other years.

And traders who scalp the markets using TA analysis is another game entirely, which you clearly know absolutely nothing about. You don't even understand what a chart is. For the record though the guy that I often monitor and learn from made $205,000 in a single day just last week. He usually averages at least $35,000 on an average trading day.

So Investinteabags has an account created just yesterday, and one post so far which is entirely dedicated to s*****g off MATD.

So let's try to guess who's created this latest ID....

Wigster ; it would help if you showed some intelligence and actually understood what a chart is. It's a visual representation in whichever timeframe you choose of the price action of a company's shares - in other words how the price changes as supply and demand happens and the price action unfolds. They are used on ever floor of every financial institution throughout the world. If you don't believe me pay a trip to the city sometime.

If there was no price action as visually illustrated in a chart then there could be no trading of shares. Period. So what you wrote is again particularly dumb.

And believe it or not price action can radically change at some point - it's obvious to anybody with intelligence that since the local permission was granted the nature of the price action has radically changed, with much more muted bars or candles depending on which you look at. This is very visually obvious when looking at a 5 year chart in a daily timeframe.

And it's interesting how you are now parroting the typical taunts of Doc, Adw et through mocking charts and TA. You've really shown your true colours and let your guard slip now haven't you ?

Wigster ; before I filter you, maybe explain how you managed to phrase your question missing out completely the results of an assessment by a highly specialised and independent company - Leap Energy - which estimated the oil under the ground at being between 33m to 58m barrels. If you had done this then no doubt you wouldn't have got a nonsense answer valuing a barrel of oil at 90 cents or 67p. You're starting to sound as daft as Adw.

And what about mentioning the fact that the H1 oil flow is an INITIAL flow, and has so far been in line with the Leap Energy report, which stated back in 2020 that the initial flow would be 200 bopd ? Before the pump kicked in it was 200 bopd as the initial flow. We don't know yet about other factors such as sand screens etc.

And what about including the SOCO sale in your question, given that it's the next door block ? $145m in today's money, when just 350 bopd from 27 wells was being extracted, and when the price of oil between say 2000 to 2004 was often something like half or less what it is today when adjusted so as to factor in inflation.

Tommy ; wait for a JV or the sale of Heron to be announced and then come back then....

Dozza ; very true.

Just look at the nonsense question that Wigster posed to AI, missing out most of the key data, and phrasing his question in the most negative way that he could dream up.

I actually think Wigster that you are pretty disingenuous.

It's as though you are in the same band of brothers as Doc, Adw etc yet take a more subtle and crafty approach to how you go about things in order to gain people's confidence. I'm filtering you.

"It is rumoured that Petro China are interested in buying Petro Matad's Heron asset. What value you would put on that asset, given recent RNSs from Petro Matad reference the output from Heron 1 (160bopd) and difficulties with Heron 2? What would you consider a fair price and what would you expect Petro China to offer for the asset if, indeed, they were interested in it? In this instance would the Market Cap of Petro Matad (c£18.6M) have a bearing on any offer?"

This just proves that with like all IT stuff - if you put c**p in then you get c**p out.....

Wigster - all that shows is the limitations of AI.

For a start we don't know yet whether 160 bopd is the limit for H1.

It seems to take no account of a study by a specialist company estimating the recoverable oil to be between 33m to 58m barrels. $30m would value a barrel of oil at about 90 cents a barrel or 67p. $40m would value a barrel of oil at about $1.20 per barrel, or about 90p....

And in the light of the 2005 sale of Soco's field for the equivalent of about $145m in today's money when they were extracting just 350 bopd over 27 wells, this just makes Grok's verdict look even more absurd. And in 2002 to take an example, the price of oil fluctuated, but generally remained within the range of $19 to $28 per barrel. When they were working out figures say in 2004 prior to the 2005 sale, then they must have been looking at prices over the previous few years.

Proquo ; I presume that the social problems which have been talked about in the UK press recently are more confined to the cities in France ?

They can argue about whether a barrel of oil should be valued at £3.75 or at 45p in the green compost bin !

Unnd filtered now.

Joining his buddy, Adw in the green compost bin.

Unnd ; fine. Just accept that others prefer to stick to what they regard as an established rule of thumb in the industry.

As for me - I prefer a valuation of around $300m based on 33m barrels. So I'm not claiming $1b as you incorrectly stated. And I still find a value of £3.75 for a barrel of oil being equated with parity of value to a large latte at my favourite coffee shops a bit strange.....Still, at least you didn't suggest 45p Lol.

Which part of France are you in Proquo ? I'm a big Francophile.

58 million barrels I meant. Ignore the Dollar sign.

Unnd ; it's very simple. There are differing opinions on here about valuation. Some stick to what they regard as an accepted rule of thumb of the third, third third split. Others like you value it at say $5 a barrel based on 33m barrels. I've told you what I think - which is around $300m based on oil at $9 a barrel, and based on the the lower of the figures quoted in the expert's assessment of the oil under the ground at 33m barrels. So that's ignoring their maximum quoted figure of $58m.

Some of course would think automatically that £3.75 for valuing a barrel of oil ( $5) simply can't be right.

Trouble is you are now so flustered and indignant that you resort to flinging around personal insults, which just weakens the argument you are trying to put forward.

Not sure you can buy anything much for 45p these days Proquo.