Member Info for abzzba

The Benefits of 3D Seismic in Oil & Gas Exploration.

https://www.silverthorneseismic.com/the-role-of-seismic-data-in-oil-and-gas-exploration/

Cash in the coffers & minimal operational activity while awaiting Farm Out conclusion, during this time we may radial drill H2, well test GOBI and perform 3D seismic of block XX, as 3D seismic costs can be deferred to next year that will cost less than 600k for rework of H2, GOBI & seismic this year.

Yep, the talks appear to be going well.

https://www.timesofisrael.com/iranian-fm-if-trumps-tel-aviv-pets-arent-controlled-iran-will-school-them/

Talk of Equity raise in July is KROK a POO.

Dan, i guess its quite possible though i was looking at it in the opposite, ie Trump was doing his best at getting as much oil out prior to resuming the job, whatever results i am pretty sure we are far from done with this conflict and high oil prices.

Yep, i had estimated around 4 million (ish) but if it saves one wasted drill its worth it and certainly a benefit for prospective farmee or buyer of block XX.

Senator, i would agree that we will hear about the 3D this month, given the advances in 3D it will be a huge boost to identifying best drill areas, might even show where the GOBI oil migrated to and the best options for radial drill of H2.

Good to see that Admin have removed climbingwooster clearly libellous and defamatory statement that MATAD are passing envelopes under the table.

Well done Admin.

Proquo, agreed, i just took a screen shot before reporting CWs post.

I would suggest if the three Brits are still drawing 30% salaries (almost a year now) this is a very positive sign, few people would hang onto a job drawing 30% salary unless they expected a big payback.

I also had a reply, gist of my e mail related to question 3 of the Q&A, this relates to radial drilling.

Jerry states while 1000% is the best case scenario punted by the contractors he feels a several fold increase is the more likely outcome, i suggested if we can double or treble production with radial drilling should we not also radial drill H1 & GOBI, in GOBIs case we know we missed the sweet spot but we also know we are not far away as the cuttings prove oil is present, also i asked whether we would be better placed "going it alone" rather than giving half our riches away.

Answer below:::::::::::::::::::::::

Thank you very much for your enquiry.

As noted at our AGM, we are investigating the potential of radial drilling, with Heron-2 likely our top choice for deployment.

Regarding your comments on the farm out, the capital required for a self-funded development would require more than a small number of wells to be in production.

Although increasing individual well production through radial drilling or other methods would be lucrative in the short-term, expanding our portfolio of productive wells through a farm out is far more attractive.

Whilst we push forward with our farm out negotiations, we are actively managing our costs and focusing on lower cost and value additive activities.

Please accept our apologies for our late response.

Best wishes,

Petro Matad IR

Farm out deals usually result with the farmee paying a portion of the costs for already producing wells, normally around 50%, would be pretty stupid for MATAD to pay 4 million on a new well just to get 2 million back in a few months.

Thankfully MB appears more business savvy than some that post on here.

Will we see oil back at $130, i have no idea, do i think IRAN/US issues are resolved, no i do not, will US bomb IRAN again, i think almost certainly yes and i would assume this will see the oil price rise again. Obviously just my thoughts.

"Now tell me what you think of the SP !!!".

Great opportunity to get in prior to farm out, more production, refinery opening hence selling to Mongolia not the Chinese, keeping in mind we have no debt, we have a virtually untapped oilfield that Mongolia desperately need to feed the refinery.

Just my thoughts.

Nice to see that Admin are keeping the board free of the rubbish being posted by our TROLL following.

Like TROLLs reunited here today.

https://edition.cnn.com/videos/entertainment/2023/11/15/trolls-band-together-dohrn-shay.cnn

TROLLs out in force today.

Jimi, might be a bit to much info there but each to their own.

PS: 10.12 am in Aberdeen (Scotland).

MK, agreed, this will take a very very long time to play out.

Senator, keep up the good work of keeping us updated with verifiable links on the current situation, it seems to annoy hell out of a few on here but most find it very helpful.

US strike IRAN again, will be interesting to see the oil price reaction.

Https://www.foxnews.com/live-news/iran-drone-strait-of-hormuz-israel-lebanon-conflict-june-26-2026

https://www.aljazeera.com/news/liveblog/2026/6/26/iran-war-live-israel-attacks-lebanon-as-netanyahu-says-troops-to-stay

Proquo is to busy listening to the BBC and other climate alarmists, he might learn something by investigating the three particularly cold intervals the first began about 1650, another about 1770, and the last in 1850, all of which were separated by intervals of slight warming, this is fact.

As for will the oil price take of again, very possible in my view, should IRAN / US kick off again i see no other than for the US to to the job "right this time", ie ensure IRAN will not hold the world to ransom EVER again and if i am being honest i do not really care how they ensure and accomplish that.