Member Info for SirBob

Master 82 - yes lost a few pennys, although luckily made a few when it hit

6p few years back.

Time will tell, but I’m derisking and this is without doubt high risk.

Good luck

Yes Doc - they were my near 3m shares - I don’t see a way forward without significant raise,

So I’m out. Good luck all remainers.

Knowing my luck they will be quids in in a days time lol!

It read to me like still has final testing to do and still not at full commercialisation…..hence the drop in price…..definitely not ‘weeks away’ as per the presentation in August…..disappointing to say the least.

So still silence from this share in its ‘game changing ‘ year, in early August full

Commercialisation was weeks away and now here we are three months down the line nearly and nothing…….bar a raise that was also mis-led on during presentation …….is a takeover going on? Problem with drill bit? Or are we finally going to see full commercialisation ? An update - hopefully positive would be nice.

Back in August presentation within weeks was quoted for this and now nothing for three months - hardly weeks - what is going on with this ‘game changing’ product and company!

Sadly we are currently built on a house of cards.

1) still no land of special purpose granted - why?

2) no cast in stone agreement with petro china.

If we can resolve these to thorns in our side and have good trouble free production we may see an upturn at last

So with our game changing technology we are now balanced at approximately money in the bank - unbelievable

It’s workable, although thinner than original find I believe.

Just need someone to sell it to now …….hopefully that’s next RNS

I’ve always thought Petro china hold all the cards, green wondered if

After surprising share price they’ll come in with a cheeky takeover offer…..

As what we going to do if we have no where to send oil.

I also think we shouldn’t drill GOBI until permit and Petro china deal are sorted,

Further exploration which they need in Mongolia is the main card in our favour.

To give some confidence to share price?

Mentioned numerous times in presentation that they felt under valued and had no plans to cash raise and expect cash position in a year to be good.

I’m just about keeping the faith!

What absolute rubbish regards cash strapped, the last raise was for getting oil out ground and drills, plus an untouched loan offer from Petrovis…….

Pure deramping - whilst I don’t like rampers - this is pure scaremongering.

Enough money for into 2025 and hopefully oil revenue to come - although Petro china potential hold over us does concern me - we shall see from RNS’s in coming weeks.

Mr Buck always stated last raise was enough to get oil out the ground , also have untouched Petrovis loan. Mike Buck is a large shareholder and has been canny on raises in last, which is why if a raise does come it will be further north than this once oil is being produced with then a short term drop before it bounces back at the prospect of multi wells being drill and oil extracted .

I don’t blame shorters for spreading rumour though…..an easy rumour to start but unlikely until oil being extracted, if ever, as once a producer other finance options open up outside of dilution.

So my worry here and possibly drop in share price, is £3m cash gonna survive until decent revenue starts to come in, as cash burn last year similar to what they have left now……..this should come good, just hope there no raise and sales team doing there job

The only reason for the land use delay as I’ve said for many years, is that the Mongolians want that oil for their refinery and not sent off to petro china.

So far they’ve dragged it out six years, I dare say local and national govt working together to delay things.

Our one hope as the refinery completion date gets nearer, is that they need more oil discoveries to maximise the refinery when ready and who in there right mind would go to Mongolia when they have taken so long to allow access .

We ourselves should never have drilled last year.

So the need for more exploration may be our ticket to production.

At least MB is still currently talking about production this year and this has probably kept share price from falling further .

At £6.5 m again despite allegedly revolutionary technology…….disappointing is not the word!

· The Company has had its application for land access for 2024 operations approved by the Matad District Committee. A land use agreement is now being prepared which, once signed, will allow 2024 operations to go ahead commencing with completion operations on the Heron 1 well.

It states this means work can begin whilst special purpose land is going through…….so this is all good cautiously.

Struggling to make sense of RNS?

Land of special purpose not through, but locally it is?

So are we good to go or not?

That’s five years worth of oil they’ve now kept for there refinery, I’ve always said that’s there objective. I would say they’ve nearly run out of excuses now, but they appear as soon as one disappears.

Next two months news is crucial or we are going to see sub 2p.

On the other hand surely 12p plus if we finally look to get it out the ground.

I sold on surge a few months back, made about 30k, have about £ 38k worth now now…..nervous times …..although mainly trading on profit with them

That was me Ojay, was hoping for 3p but got impatient!

Lol