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Someone sweeping these up, some news surely..
To provide a baseline context for the 20-50p+ expectations leading through Q1/Q2 2023.
We need to remember that the Exploitation License includes the entire extension into Block XX of the proven & producing Toson Uul Basin, with an estimated 2 Billion bbl oil in place in the PC operated Block XXI & XIX, adjacent to the significantly larger Block XX.
It enables Petro Matad to continue to increase the proven reserves within the area in addition to the existent potential in the Heron structure.
MATD can go it alone with expansion / development funded from production revenue, as stated by the company.
However the DQE partnership would majorly accelerate scalability/ revenue generation and the upside progression of the share price within a significantly more condensed timeframe.
The upside metrics here are excellent, timeframes condensed, risk profile robust & scaleability clearly defined with a partner already working with Petro Matad.
We should receive the LP Special Designation any day now, as Mike Buck stated and the major re-rate as we move into the 20-50p+ price levels.
As always, research this independently and all becomes abundantly clear.
Regards
// I expect LP to be granted before the end of the Autumn Parliamentary Session and then it's onwards and upwards for PM.//
Nobody knew the LP was even an issue 6 or so months ago - why wasn't the SP soaring then?
Velociraptor
Mike Buck refers to Velociraptor at 16:20 into the presentation linked and also states all relevant permitting in place.
https://youtu.be/NO6lIYruWDM
At 18:30 he discusses the actual COS and the existent hydrocarbon system in place, hence technically a "Wildcat drill but a better than Wildcat chance of success". " Huge resource potential, transformational for Petro Matad and Mongolia with 900m of stacked potential within the prospect"
I hope new / existent investors investors will listen to the presentation to independently validate the info posted, as is right & proper.
Hope that puts the Velociraptor drill into some sort of context as part of MATD's wider operations.
Petro Matad are in the great position of having a fully funded, high impact Exploratory well ready to go in Velociraptor AND an existent asset base in Heron that in itself, supports a share price multiples of the current level.
That Exploratory / Production risk profile & anticipated upside progression, is what makes MATAD such a special investment stock.
Regards
Matd’s initial recovery estimates on Heron were based on a recovery rate of 17% which gave an estimate of 33 million barrels. This was revised to 30% with the aid of advanced recovery techniques which gave 60 million barrels recoverable from 200 million barrels oil in place.
Velociraptor has a mean recovery estimate of 200 million barrels which means that using their base of 17% would provide that Velociraptor is huge with 1.2billion barrels oil in place.
Let’s hope it becomes the game changer it promises to be.
Have a nice week folks
I've waited 5 years for the Velociraptor to be drilled, I hope 20% cos is being conservative on PM's part and I hope they pull it off. Long time to wait to come up dry, really hope it comes up trumps. Is it PM's time to shine??GLA
Velociraptor is a large, shallow, inversion anticline in the Taats Basin with Mean Prospective Recoverable Resource potential of 201 MMbo. Work is progressing to secure the environmental permits for the drill site and for potential follow up locations along the Raptor trend.
Thanks lets hope for something big
It’s part of the PSC contract that Matd spend a required amount on exploration of defined areas, in this case it is block V.
There are high hopes for block V and Velociraptor was identified as a high prospect drilling site along with others.
‘On Block V, Velociraptor, Fox and Phoenix are high impact prospects that the Company has matured to drillable status in the Taats and Tugrug Basins where it has proved that active petroleum systems are present.’
I have one question from MB presentation
Are we exploring Velociraptor because we are obliged to under some previous agreement or are we drilling because we really believe there is a commercial discovery under there.
The reason i ask is the presentation seemed to give impression we were obliged and at 20% CoS it hardly sticks out as wildly positive. I would hope that the CoS would be closer to 30% but maybe he is just being very cautious and not wanting to get our hopes up too much.
The thing that I got most out of the MB presentation is that Mongolia needs a substantial increase in oil production for their new refinery in 2024/25. It follows that in that environment we will get what we need to get producing and local objections will be overruled.
As previously mentioned last year parliament closed their Autumn session mid Jan last year. Pressure is being put on the Mining minister to get the land permit through. The government need to put out some good news in a charm offensive to offset the current accusations of coal theft. I expect LP to be granted before the end of the Autumn Parliamentary Session and then it's onwards and upwards for PM.
Looking very good at the moment - all we need now are results and a SP which reflects the true value of this company and its potential. We've all been waiting and holding on long enough - it's time we finally get the reward we've been waiting for so long (can't hold back my tears!).
GL to you all!
The rise hasn't really started yet. We are nearly where we were 3 months ago. I am hoping MATD gets better in communication. As we have seen with an RNS/ interview confidence is getting back. Hopefully the share price will rise to 9p+ while waiting for LP granted and double digit soon after.
Exciting time on the way.
Have a lovely day,
That's what I was thinking. The EL was a big stepping stone to being a profitable company but the LP is pretty much lift off.
I still think that a lot of investors will become aware of the potential here and jump on board soon which will see the SP climb to new highs we haven't seen for a long time. Especially if we are in the top risers again for a few days next week.
All in all, not a bad week !!
Despite the amount of wayward and possibly schizophrenic posts on here, it is indeed nice to see the positive posting. May the oil gods shine on us all …..even the schizophrenic ones.
Xmas comes early guys.
Finally/ hopefully it would be our time this time. With LP in the way history is repeating itself with super multiple bags.
Have a lovely weekend guys,
The LP is the catalyst for PM - with all that's already in place or close to being in place then the LP should be a snowball effect. Matad have never been in this position. Who knows what the SP will be when the LP is granted.
We need to remember that a fund raised was expected after the Exploitation Licence, limiting upside and we didnt have Velociraptor in the mix.
Neither had we been approached by DQE, with a view to accelerate scaling up of Heron and hence magnitude of production revenues.
We have all that now and hence a MUCH better situation than at the time of the EL issuance.
Also, a significantly higher oil price.
Have a good weekend all. This week was just the start and I expect next week will be a very good one indeed for holders, as we start progressing along a new upward trend.
yes but wouldn;t the LP out trump the EL, I would hope.
24% dilution. So sp should go to 6/7 minimum.
Good point, forgot to take that into account.
Bluechipz. 9p was prior to the dilution
It nearly got to 10p just for the EL, so hopefully it'll easily go past 10p+ with news of the LP being granted.
GLA