Member Info for kr1988

They have been a bit vague, we really need another rns giving timelines for things so the sp may drift until that happens.

I think they are a few weeks away from flow testing so I have time to buy back in. The issue is I've prob made just over 40% so I don't know how much more legs this has to run. Also we need to wait for the placing shares to churn through so I think it will get nearer the 25 pence mark again so ill hold off for a few more days before buying back in.

I was on the bres board earlier but to be fair they did a good deal getting a fair price for the raise, whilst it wasn't ideal it didn't screw the lth over.

Right I see what you mean about the market cap, I’ll hold off for now, I think blue star announce their plans for priduction next week so after that you’ll have a clearer idea of when production will be.

May get a bit of a rise for next week as people buy in but then another cln might drop when the buying picks up

No I held off buying back in as I sixth know which way it wouid go but it seems to of recovered. I’ll prob buy back in next few days. I got quoted 25.20 earlier too and now it’s over 26 to buy but it’s only a few % but it’s not the point lol

Sorry wasn't paying attention lol

The talk about raises is taken off the table so it can go on a run without the financing being an issue on the bb's

I know the money is the main issue but the below is key also...

Operationally, we are on track to commence hydraulic stimulation and thereafter, flow testing operations in the coming weeks. Frac sand is already in Deadhorse and equipment is starting to mobilise - and overall, Dubhe-1 programme costs are tracking at or below original estimates."

It shouldn't be long before they are back working on the well.

A cheeky 30 mil raise has just dropped intraday, prob to align with 7am in the USA. only 9% below the closing price but its now 25 pence when on monday it was around 32 pence. The pro is Monday is no longer a discussion and it sounds like flow testing will happen soon.

Least its only a 9% dilution, could have been alot worse!

Big selling then the fundraise drops........

Its a real shame for him, hopefully he can buy back in at a lower price. The market price is currently 20 mil, if it drops to 0.2 that be around 13 mil, 0.1 that be 7 million. I cant see it getting that low but depends when the clns drop.

If we can get in under 0.2 I think that will offer a great buy in, its the risk that you wait too long and miss the bottom but maybe that's better as you buy during the rise rather than during the drop.

No the plan is to do a work over on heron 2, they give that a god chance of success, the next is one they drilled about 5 years ago but didn’t think it was commercial so didn’t flow test but now they want to flow test it. The final one they want to go back to gobi if they have time.

Herons the most Likly of the three, the others seems like trying to stretch out the drilling programme.

I noticed the share dropped about 10% earlier but then recovered to been just 3% down. I think when the SP gets this low you may as well just sit and hold now he really should of sold ages ago and brought back in.

Least watching this CLN i understand how it works now so if I'm ever holding a share and they get one I know just to sell up and just watch it.

This is my post, they suggest that they can drill 30 wells in 2 years for only a few million yet it costs 4 million to drill and bring online a well in Mongolia, the numbers just don't add up.

As we all know within a few years this company will be making between 5000-10000 bpd. I think we all agree that’s a matter of fact?? If we get a farm in how much will that cost them?

So Ive taken some time to do the calcs.

The below is based on a commercial well costing 4 mil, for every 10 commercial wells I’ve added in a further 2 wells as none commercial at 2 mil each and I’m basing the average commercial well at 100 bpd as it’s a nice round finger. I’m also using the 70 dollar a barrel figure as quoted in the recent presentation that gives us 40$ profit a barrel. We’re going with a 50/50 split on all profits as well.

The ramp crew should find the above very acceptable.

So year 1 it will cost 44 mil, ( 10 wells at 4 m plus 2 dusters 2 mil)

This will return a profit of 14.6 million, 50:50 that’s 7.3 mil each

Year 2 it will cost 44 million, (10 wells at 4m plus 2 dusters at 2 mil)

This wil return a profit of 29.2 million, 50:50 thsts 14.6 mil each

Year 3 it will cost 44 million, (10 wells at 4m plus 2 dusters at 2 mil)

This wil return a profit of 43.8 million, 50:50 thsts 21.9 mil each

Year 4 it will cost 44 million, (10 wells at 4m plus 2 dusters at 2 mil)

This wil return a profit of 58.4 million, 50:50 that's 29.2 mil each

Year 5 it will cost 44 million, (10 wells at 4m plus 2 dusters at 2 mil)

This wil return a profit of 73 million, 50:50 that’s 36.5 mil each

So the total cost to get to 5000 bpd will be circa 220 mil and the company will receive 109.5 million in oil sales so in total the farmee will need to pump in 110.50 million.

We’re a company worth 15 million it would make economic sense just to buy the company for say 45 million and take 100% of sales.

Once the wells are drilled it would be very economic for the farmee but will require deep pickets to get there.

If Matd can get 50:50 split on 5000 bpd it be transformational for them, it’s up to mb now to hold strong and get a good deal for its share holders.

Dai that guy is smoking crack, its a false account trying to mock another poster. Its run by the people who created WOS.

They are looking to increase production but 50 bpd is deemed to be commercial so the numbers are very low. the farm has been very close for about 10 years or so. It might come good but your prob better off investing in matd for the farm out when the drilling season is over as id expect at least two of them to be non commercial so the sp will tank soon. You could do a quick trade on Heron 2 results but the other two the odds look poor.

In regards to 5000 bpd look back a few pages I did the maths on this and it requires the farmee to put in like 150 milllion to reach the required amount, based on a 50/50 split.

You may be right legal, most companies get off takes way in advance, usually way way too far in advance so to be weeks away from production seems strange. He skipped both questions today so it is very concerning, Im gonna hold for now as its 10% down today but I think those holding long term it will be in for a shock as the bb still seems to be positive.

Thank you, to me he dodged the question about going into production other than to say to follow social media. Its a shame he couldn't put a timeline on i.e. 4-6 weeks. If its longer id preferred him to say look its 3 months away least we know a timeline then. Being this close to production he should have an idea when it will come online.

The offtake agreements also don't seem to of been agreed yet, I'm sure that will be a formality but usually these are agreed quite a distance in front of production.

What HEX have done in 18 months is incredible and maybe I should cut him some slack just felt this interview wasn't as detailed as id of liked. Maybe another RNS is due that's why he has to be cagey.

Hi,

I cant find the interview that's been mentioned, can you post the link here please

Thank you

I jumped out at 8 so managed to miss this 10% drop today, I didn't expect such a big drop but thought it would pull back.

Its down 13% now that's a big drop presuming these were meant to be good results. Hopefully Bo will do an interview and help the SP