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While I hoped might be earlier thinking sometime after May 9th. This clears Easter holidays etc.
They have always said Q2 right and around middle makes sense.
Still think we will fly once Heron extraction date and drilling update.
Been here 11 years whats another 6 weeks. Goodluck LTH's
Hamm
Must admit, that was quite funny. LoL
Jokes aside, please try to focus on future developments at MATD instead of keeping a track of MB where abouts and his Travel diary.
Past is past...need to look at the future with an open and positive mindset.
By the time MATD gets itself together oil will be out of fation.
Bet by that time MB would have been all over the world!
Have a lovely evening guys.
FA……..as I continue to say this like most oil shares will be a big gamble till the oil is out of the ground and sold on the market……..MATD no different. Yes they have confirmed the oil is there but if it was such a no brainer that the oil will soon be out of the ground and being sold for $170 a barrel why are we still languishing around 4p?
We all know there are folk on here that are paid good bucks to keep promoting a share……I am starting to see a certain pattern in your posting. Easy money eh?
If RNS lands on us Q2 Friday April 1st, wondering if MB has a sense of humour seeing as it's April fools day :+)) just a thought as the next bit of news I believe is going to be quite crucial. Getting the anticipation felling again. GLA
Hoping to find oil, that’s a gamble.
Waiting to start producing oil you have found is not a gamble. It will flow, it will be sold and it will be a company maker. Risk - reward, FA keeps banging on about it but for good reason.
88e was a disaster today. Problem with them is always issues to get the oil out (heavy oil) or they keep dropping tools in the well, etc etc.
Heron-1 is light oil and flowed naturally to surface and at a very good rate of 821 bopd.
MATD valued at a fraction. Come on....
This is way too cheap at only £36m MCap.
FA…….I am not out and still hold 400,000 shares but my view has not changed and it is that this is still a pure gamble as far as when the oil will flow.
Said it for ages 88e mcap was insane and still is.
MATD all to play for.
FA, R&H I completely I agree with you both.
We have oil, the license to extract the oil. Risk v reward here is far more attractive than elsewhere and yes give confidence to invest more.
ID78 - I hadn't but just checked it out now .
Well it proves the point. I always thought
88E was over valued and unproven . Still too migh Mrk Cap in my view.
Would much rather be in here.
Exactly research and hold. Did you see what happened to 88E today?
Far better to sit tight here and wait for production having found the oil.
aspers - Nothing in life is ever really guaranteed but the Oil is there!!
aspers - Nothing in life is ever really guaranteed but the il is there!!
Master………Even drilling next year not a guarantee.
A little more patience requierd. The RNS OF 25/02/22 CLEARLY states that the company will try and reach a conclusion with DQE EARLY IN Q2 .
Early in Q2 i.e. not Q1.
FURTHER the company is also twin tracking. i would expect they prefer the DQE option (I do!) Therefore it comes as no surprise that they aren't going to leap in with the 2nd option first even if they can get a better deal!!
DQE International, the major provider of drilling and other operational services in Mongolia, has made a proposal to Petro Matad for a technical and operational cooperation agreement whereby DQE International will provide a suite of services which could include expert geo-technical input, drilling, stimulation and completion services, production operations and oil export for Block XX operations. DQE International supplies these services to its parent company PetroChina, Mongolia's major oil producer, and has more than 15 years of expertise working in the Tamsag Basin. DQE International's suggested cooperation includes the possibility of payment from production revenue, partial payment in oil, and some risk sharing. This is an intriguing proposal from Mongolia's most experienced service provider, and the parties have set up a working group to determine urgently how such a cooperation could work and to try and reach a conclusion early in Q2 so that the 2022 drilling season is available for the implementation of any agreement reached.
In parallel, Petro Matad is still progressing discussions with potential farminees but the Company is funded for and plans to implement its operational programme in 2022 with or without a farm in deal.
well 2 days before Q2 starts, Lets hope MB has getting the ducks lined up. Permission to transport the oil, Workover on Heron 1 confirmation, DQE to part fund Heron 2,3,4 and Velociraptor (probably all likelihood next year)
An RNS Confirming some if not all of these before Thursday would be much appreciated!
MM shenanigans going on Everywhere on Oil & Gas
It's called Ukraine !!
GL. Oilf.
Always a nasty surprise from MATD!
Knowing my luck on here I can just imagine the rns saying drilling next year.
Mpram very active . Posting everyday but we still waiting.
Like this bit....
"and for 38p each" ;-)
One word.....DQE....and we should be on our way.
MATD should Outperform rest of oilers this year and next year as Heron production ramps up towards 8000 bopd.
Velociraptor should also kick off things nicely in Block V with potential few Billion barrels untapped OIP across the block. Strike there also just like Heron-1 and we are well and truly sorted.
Fair point, will speak with warehouse manager.
Thx Mojito: One will do - if it does the trick.
Mystic mojito at your service Ojay, I have a warehouse filled with 292,000 crystal balls and for 38p each I will spill the beans.
I'm staying put as well (what else is new?). From my modest POV we investors shouldn't have to wait another 5 weeks ( anybody got a crystal ball?).