Member Info for Ojay

Your schoolmasterly advice is well taken - at least by me. I don't think there's a lot you can educate Proselenes on - although I'm sure you'd like to.

He can afford it.

What are you trying to achieve here?

Go away.

Latino - Believe me I am not looking away and fully comprehend the doubts arising concerning the feasibility of the WH drill at this time of the year. Nevertheless I trust in MB's an PM's assessment that WH will be drilled. Clearly, I expect to receive a confirmation of spud by the end of next week. If we don't receive such confirmation by then - I would have to chime in to the delay scenario as mentioned by several posters.

Yoghurt - thx for your post and sorry for my interpretation - I took it at face value. I guess we need to accept the fact that there are justified reasons for buying/selling at price levels which don't make sense to on-lookers.

selling 197+K shares @5.57p is - at least from my POV - an act of desperation. Nobody would sell PM shares at this price if not convinced that the SP will continue to fall (e.g. to 3-3.5p as F/R posted today).

Even if the WH drill should be delayed to March/April next year, and even if it should be a duster, PM still have plenty of arrows in their quivers for 2019 - including appraisal drills in Block XX.

Consequently, the shareholders selling at these prices can only be desperate day traders or (disgruntled) short term holders who believe to know how to make up for their loss by investing in other AIM O&G companies.

I hope they know what they're doing and wish them good luck.

Johnny1949: You got it right! Time and again we hear these smart alec comments from posters who claim to know everything better while spreading doubt and fear.
I fully concur with you: Since those posters can only speculate and APPEAR to be extremely concerned about the issues they address - it seems strange that they don't at least try to contact the source and find out what the actual situation is (instead of making an attempt to upset other readers).
My take is: They don't want to hear what the actual situation is - it may be a lot better than what they want readers on this board to believe.
I say: If the situation is as bad as they predict than let's hear it from the source and we will accept it - if we like it or not.

I believe PM have a good sense about the importance of drilling WH this season. Will receive news by the end of next week. I personally consider the chances of spud and drill this season to be much higher than a delay - but time will tell.
I don't think I could "stomach" betting on a delay of WH. If that doesn't happen you can kiss your 3-3.5p good-bye and see how you can get in at much higher levels.

tdante: If you go back and look at Proselenes' reasoning regarding the SL drill and if his assumptions are correct than you will understand that there may have been reasons why PM were forced to drill SL in order to fulfill their license obligations - although PM considered SL to be anything but first choice.

I thought F/R 22222222 called it quits until the next RNS?

People who can't live up to their pre-announcements/commitments don't deserve to be heard when critisizing others for allegedly not living up to theirs.

Clash of the titans!

I feel that being - justifiably - positive is something certain posters hate "per se". What a shame!

Schachmeister - thx for that post: Very positive.

To be fair and until PM confirms the spud date there is a small, undesired but existing chance that WH-1 may need to be delayed to next year. I am hoping that the latest news issued by PM can be relied upon, i.e. everything going according to plan.
Based on that I concur with all previous mails concerning the SP development northwards.

To your (and my) success!

Sorry to keep repeating TonyBabe: I find your posts very disappointing - particularly because you always feel the need to be personal.
Why don't you - for a change - do some research before you insult other posters or accuse them of being misleading. I thought you would know me by now.

I guess it's just that hidden agenda thing that certain people on this board just can't shake.

is interested in WH-1 once PM strikes oil. It makes perfect sense that they want to wait and see. However, Shell is not the only potential farm-in partner waiting on the sidelines. An oil strike on WH-1 will most likely kick off a bidding war going on during the winter months. A situation I believe we could all deal with.

Thanks S/M for your response. I am aware of the fact that drilling in cold temperatures primarily affects the equipment and the rig personnel engaged. But how far down does the ground freeze - hardly beyond a few meters?
I don't know but I'd be interested.

does the above ground temperature (above or below zero) have any influence on the underground temperatures (2000-3000m+ depths)? In particular, is there any influence to the characteristics of oil which may be found at respective depths? I presume not, but I'm not the expert to say.
Just wondering what difference the winter/freezing temperatures may have on the drilling process (other than the working environment above ground - which is certainly less comfy).

I take note of the fact that some posters have missed my presence – I feel honored.

In an ideal world and on an ideal board it would be nice to experience a certain amount of respect and sympathy among posting mates – particularly when things don’t work out as expected – like today.

I don’t know about other boards and I don’t really care how things work out there. I am solely interested in PM’s board and how posters interact with each other here.

We all know that investing can get emotional and that emotions often prompt us to make decisions which turn out to be (at least temporarily) wrong and statements which are unappropriate. Respective decisions and statements may be unfortunate, but there shouldn’t be anything wrong with them; on an ideal board we should be able to accept opposing opinions as far as the author is willing and capable of expressing them in a – more or less – neutral fashion.

Based on the most recent RNS I sense that quite a few posters feel a need to “pay back” or “get revenge” vis-à-vis those posters who have been (maybe a bit) too excited regarding the positive outcome of SL. I have never considered critical opinions (if neutral) concerning such outcomes to be misplaced – quite to the contrary: I have voiced respective critical opinions myself.

I don’t see anything wrong with being excited and hopeful. I also see nothing wrong with being critical.

However, what I have never really understood is why being right or wrong – particularly in a speculative (or gambling) environment – should be so important.

Sorry for holding all of you readers up with this as I know it will – once again – make no difference. But I guess it’s just one of those things that you have a need to say from time to time.

Thanks for reading. To your – and my – success!

Right on Donkee!

Sandytoes: Good post. I'm not sure on your point concerning "news release to the market first". I have always said that the market would need to be informed first - but until now: Zilch; which makes me wonder. Will there really be a RNS tomorrow? Would 8am (UK time) be before the AGM (Mongolia time?). What I really don't hope is that PM announces that they need more time to drill or evaluate SL - that I would consider to be bad news as far as it compromises the WH drilling.

Victor: Of course the SL drill is a geological uncertainty and clearly a delay of the WH drill would have to be justified by force majeure if at all acceptable - but it's the combination of both which I am referring to.