Member Info for abzzba

As the subject line says "Forward Work Programme RNS Incoming", my thoughts are we can expect the first RNS this week, i believe MB has finally realised the dirty game being played by Petro China.

Gadgie, would have to agree that i too am still hugely confident and quite happy to wait on the results of H2, Gazelle and Gobi remedial works.

Seems many investors are less happy, guess that is their right, as for our numerous NEGs and BASHERs we all know what they are being paid to say.

I33, i doubt MB is will to come out and say Petro China are lying cheating scumbags that are trying to bankrupt us by starving us of cash thats due for our oil, but i guess he could put it in kinder tones

I33, i would have thought it quite obvious MB now realises the game Petro China are playing and has taken the appropriate action which was raise cash to continue with the low cost operations, indeed i find it so glaringly obvious i have no idea why some do not see it.

Corrected Petrovis total, apologies.

Gadgie, as far as i can see.

Buck (Michael James) -- Annual Return 31 Dec 2023 11,600,933

2p issue $100k so 3.7 million @ 2p

.8 issue july 25 $50k so 4.6 million.

total = 19.91 million so nearly 20 million

.............................

Petrovis Matad Inc -- Annual Return 3 Jul 2024 = 261,307,280

0.8 raise july 25, 300k dollar so 27.6 million

total = 288,907,280 around 17% of total shares

Gadgie, as far as i can see.

Buck (Michael James) -- Annual Return 31 Dec 2023 11,600,933

2p issue $100k so 3.7 million @ 2p

.8 issue july 25 $50k so 4.6 million.

total = 19.91 million so nearly 20 million

.............................

Petrovis Matad Inc -- Annual Return 3 Jul 2024 = 261,307,280

0.8 raise july 25, 300k dollar so 27.6 million

total = 261, 307,307 15% of total shares

Thornogson, you have been very quiet for a few weeks, would appreciate your thoughts on the raise, timing and current position we find ourselves in.

Will be interesting to see the buying interest when the work program RNS lands, i expect it this week, tomorrow would be good.

Will let the child like posters continue with their feeble attempts are ruining the board

TenBag, your wasting your time, no point trying to reason with inordinately stupid investors and when it comes to dealing with these paid BASHERs you cannot compete with numbers the Chinese can afford to hire.

Could the Chinese manipulate MATADs share price, would they ?.

https://www.sec.gov/newsroom/press-releases/2019-216

Competant Person report states 33 million recoverable barrels in place, could be upto 60 million utilizing new techniques.

Petro China want Heron Sooooooooooooooooooooooo Much.

Question for Al and the answer.

Question = Estimated sale price of an onshore oilfield with competant person report estimating 33 million barrels of recoverable oil and possibly upto 60 million barrels with new drilling techniques

Answer = ChatGPT said:

The estimated sale price of an onshore oilfield depends on several key variables, particularly:

Recoverable reserves (33–60 million barrels in your case),

Oil price assumptions (usually benchmarked to Brent or WTI),

Development costs (CAPEX/OPEX),

Netback (profit per barrel),

Jurisdiction/regulatory/tax environment,

Stage of development (proved, probable, possible reserves),

Market appetite and recent comparable deals.

Back-of-the-envelope Valuation:

We’ll use a common method: Net Present Value per Barrel (NPV/boe) or $/barrel of recoverable reserves.

Step 1: Assumptions

Variable Conservative Optimistic

Recoverable Oil 33 MMbbl 60 MMbbl

Realistic Sale Price per bbl* $3–$8 $10–$15

*Note: Actual sale prices vary widely. In recent years, transactions for undeveloped onshore oil reserves have ranged from $2–$15 per barrel, depending on certainty, location, infrastructure, and oil price outlook.

Estimated Sale Value Range:

Low Case:

33 million bbl × $3/bbl = $99 million

33 million bbl × $8/bbl = $264 million

High Case:

60 million bbl × $10/bbl = $600 million

60 million bbl × $15/bbl = $900 million

Indicative Market Value Range:

👉 $100 million to $900 million, with a likely valuation clustered between $200 million and $600 million depending on:

Proven vs. speculative reserves,

Infrastructure proximity,

Political/geological risk,

Buyer risk appetite.

All that selling and all the BASHER posting yet it appears we are down 2.44% after a raise at 0.8p, closing sp = 0.825p, must do better biys or your Chinese Masters will not pay, they will hold your cash back as well.

Given the amount of BASHER posts on here today it seems Mark Twain was spot on when he said.

There are basically two types of people. People who accomplish things, and people who claim to have accomplished things. The first group is less crowded.

I would not bet against an RNS tomorrow, workover rig mobilizing to H2 or Gazelle,

What really irks me is the fact some investors are so gullible and will be scared into selling by these BASHERs, off course thats why the bashers are here but i do feel sorry for those that will miss out.

SpiritF, i tend to think MB has something to prove, my guess is RNS this week, but i guess next week would be ok.

Hamm, its maybe a trajedy for you but i more than doubled my holding and am now sitting very very comfortably sub 2p and more than happy with that, thank you.

Might i suggest that in future you stay away from share dealing, really do not think your cut out for it.

Anyway, forgetting our numerous BASHING posters, comical as they are, i for one am looking forward to an RNS this week telling us how we proceed, probably H2 first, 150+ bopd would be a good start, acidizing can improve well production by a factor of 10, maybe thats too much to hope for.

SpiritF, i would doubt it, Hamm and his new found friends seem incapable of logical thought, infact they seem incapable of thinking !!!!