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BS - do you see the irony of your post, criticising Landicaamans for being insulting, and then calling him Landickaamans?
Landicaamans actually used to post some really good information here using his knowledge/experience of working in this sector... one of only a few along with the likes of Dozzawba and D1nger. Sadly, after venting his frustration at the slow progress here, WOS took offence and decided to stalk him over on another board and I think he's just had enough.
Landickaamans.
All you ever post is negative insults about other posters. Hence you are filtered for being a complete d-head.
Hamm 6th October "RNS Monday/Tuesday."
I suppose a broken clock is eventually right
Not many shares to buy. Big boys are the major holders and soon take over the lot as LP secured.
Oil rising fast and predicted to be over $120 soon. Weather forecast in Mongolia is promising.
H1 equipment is fully paid and ready to be mobilised and put H1 in operation. Matd is fully financed till next year july.
Next week RNS with LP granted.
Great to be MATD shareholders.
heron 1 is a well that appears to flow free flowing light sweet crude at good rates, the best rates in fact on whole field.
it's sited on petro matad's half of a long standing and producing oil field with petro china already having multiple wells on their part of the field which have been producing good volumes of oil for years.
the expectation is that petro matad will drill multiple wells on the heron field once permissions are in place.
the cost of a well make over and to get heron 1 into production is minimal especially when compared to the costs of many other new oil fields that are increasingly needing to be sited in remote, off shore and deep water environments.
generated income from just heron 1 would transform petro matad's prospects and 5-10 wells would make it and it's investors very rich indeeded.
costs may even by partially covered by the drilling operator.
but that, of course, is just the start.
there are other blocks and fields to be drilled (out of revenue) but they would be exploration wells.
who knows - one strike for every 5 wells, 10 wells, 20 wells?
the point is all these wells won't need to be funded by the shareholders which will be free potential upside, and that potential is actually rather scary.
and don't ever forget about renewables, in case you hadn't noticed that's the future and petro matad are in position no1 in a potentially huge new renewables environment with full government commitment and backing and the neighbouring chinese needing as much green energy as they can get their hands on.
risk: reward as always.
on bonfire night watch how much heat can be generated from a single match if the conditions are right.
it's the riskiest time, will it take or wont it?
but after 5 minutes when the heat is building the final result becomes inevitable.
heron 1 is that match. if it flows and flows well the rest will follow as sure as the guy fawkes on top of the bonfire will get his **** burnt.
Sentiment will change fast here as we get LP secured.
75% of shareholders are institutions.
You’ve really upset the WOS!
Disgraceful behaviour going over onto other boards simply to criticise you for your comments here. He should be banned.
Anyone looking for photos of the wellhead if you can be bothered to look there are photos on the Jaran MN Facebook page around December 2019 taken of the wellhead surrounded by Harris fencing. GLA
Corpse I’ve spent over 20 years in offshore drilling now working in production side of the offshore industry I’ve been involved with surface BOP’s and deep water so regarding your original post I know a bit about these pieces of equipment and there functions,we use steam to separate the water from the oil a very simple process
Wasn't it the sweetest, lightest crude with excellent (the best) flow rates? And flowing without artificial assistance!
I remember thinking at the time that it all sounded rather good.
It's embarrassing how many screens of RNS s you need to scroll through to get to the Heron Well test RNS though, how time flies!
And yet another bun fight at the PM coral. Happy clappers in overdrive. RNS predicted every day. No company statements or physical progress on renewables other than stated in RNS's, just talk and supposition. Ramping, De Ramping hasn't moved SP, only spread changes. Stating its up 3.5% is ludicrous your investment is only valued at the bid price. the arrogance and intolerance by some is unbelievable.
Joe, do you, explain the water cut here and what's needed for seperation to the boys here, my main investment it's 40%.
Hamm - are you the full ticket?
Corpse do u actually know anything about well heads xmas trees ? Or any kind of drilling for that matter ?
Every year for years and years Petro Matad disappoints.
At the end of the drilling season it gradually becomes apparent that this isn't going to be 'the year'...... again.
The SP bottoms out and hibernates over the long Mongolian winter.
Then around late December/January the scent of the Mongolian Spring reaches the nostrils, the days get longer, Mr Positive's migration route brings him back from his warmer winter hibernation grounds and .....
The Share Price creeps up again in anticipation that this will be...... Petro Matad's year!
Well I think we're at rock bottom now and I think that 2024 may well indeed be Petro Matad's year.
Oil experts here in abundant!
Stop deramping. It doesn't work.
Rerate on the card.
10 bagger from here as we LP secured.
SS are you a complete idiot, of course it has, but have you ever seen it, picture and Ariel views. You are talking about production are you not, so what's there, even a pic from Google earth may be a start. 60 posts a day and hype, Jesus, you are investors, with no home work. Surely your CEO can show some thing for your money, rather than the ramp going on for Nieves investors.
WOS, l assume your multi bagger at Heron 1 has a wellhead or Xmas tree. So why don't you host a picture of your wellhead, then add a Ariel view of the infrastructure around it, your website site shows nothing.
All oil wells have water content and liquids to be separated and appropriate pipe work in place, none of that is ever discussed on this board. You talk about research, there is nothing here even to talk about
WOS - are you on some sort of illegal drugs?
RNS next week follows great rerate guys.
H1 equipment fully paid ready to be mobilised fast.
Oil price is on the rise again.
Weather warmer this year.
X 10 BAGGER / X20 BAGGER / X 30 BAGGER Plus people can see why.
This is not make up but using logical assesment (even work target on just known asset is OVER x 10 Bagger on current oil price).
If you do not agree & happy to take x 3 Bagger while you complain about investment still no problem. It is your money so still be happy!
Enjoy beautiful day 🦉
Good to see all new poster invade BB. All know LOTS watch from side & can expect many will start to BUY back in with immanant RNS expected.
Header say it & did post reference (with source from direct Dornod govt info) to Herder FINAL SETTLEMENT AGREED and OPEN MATAD PROGRAM presentation.
This with MRPAM official letter from Sept which local govt open for start of operations on this confirmation.
COMPANY MAKING RNS IMMANANT NOW and why we see all new poster invasion. Others will just BUY without invasion of BB lol
Mr ShortShrift yiu are right to mention JV for new blocks. Remember they look to get block next to known asset. Most foreign companies do not have in country experience and why Mr Buck mention this as JV option for them
Also he mention PRODUCTION REVENUE will be big part of financing for development of new asset with expanding of DQE partnership for LOW COST / FAST COMPLETION with offtake option on this
With some new block bigger then Quatar and undevelop they say Mongolia have potential to be 'New Saudi Arabia'
Now you out this with Renewable which ciu try ALREADY CONFIRM has global biggest potential & SubSteppe JV with HIGH LEVEL CONTACTS in Govt to get contracts have already start getting them.
China already say they ready to fund renewable project in Mongolia with hard cash & look to import energy. Same thing Mr Buck say & same thing on Sunsteppe website
Now we come to UNLOCK revenue near term thru Heron development & parallel 3 BILLION Block XX near field.
RNS for this expect any day now as header say AND reason given from direct Dornod govt source & local govt willing with MRPAM confirmation.
Why people suddenly start to appear & get interested in MATD?
This us why I am happy have ALL my holding complete. Other buy or not. No one force you.
Be Happy & keep focus on investment FUNDAMENTAL / INTEL not BB chat or gossip
Be Wise 🦉
WOW - 9 green boxes overnight. You guys must be apoplectic!
Corpse: Well in that case please explain to us why you are not bailing out.
Mr Corpse
You do not run company. You are same person who think Heron is exploration well LOL
Company official accountable statement & not from anonymous BB badly research poster -
"THE CURRENT CASH BALANCE IS SUFFICIENT TO CONTINUE OPERATIONS UNTIL AT LEAST JULY 2024."
Look like you afraid you will get caught out of investment mr Corpse. Think you will ;)
Mr Wolverine all depend if I take time with post or not. When I post research about COMCLUSION OF AGREEMENT must write exactly but thank you for compliment sir lol
Happy 🦉