Member Info for abzzba

Unnd, link to the RNS below incase you have no idea how to find it.

https://www.lse.co.uk/rns/MATD/operational-update-q8x7eeth5woa6yy.html

Read and learn (hopefully).

If we make (after costs/taxes) $43 while brent is at $70 then with Brent at $103 we are making "circa" $76 per barrel,

Unnd, not sure why your so confused, just read the RNS, its quite clear..

16th January 2025 RNS clearly states:

“”Under the Cooperation Agreement and applying the very favourable fiscal terms of the Block XX Production Sharing Contract, after payment of processing costs and transportation, and after the government's royalty and production share are deducted, Petro Matad will receive a net back of more than $40 per barrel based on a sales price of $70 per barrel. Block XX crude will be sold at the same price as Block XIX crude which is Daqing 33 minus $1/barrel. Daqing 33 is usually priced at a small discount to Brent, presently a 3.3% discount””.

Further info on from the AGM below.

March 2025 AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

Just a quick reminder of how much we are making with these elevated oil prices.

Do your own calculations after reading official RNS release below.

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16th January 2025 RNS clearly states:

“”Under the Cooperation Agreement and applying the very favourable fiscal terms of the Block XX Production Sharing Contract, after payment of processing costs and transportation, and after the government's royalty and production share are deducted, Petro Matad will receive a net back of more than $40 per barrel based on a sales price of $70 per barrel. Block XX crude will be sold at the same price as Block XIX crude which is Daqing 33 minus $1/barrel. Daqing 33 is usually priced at a small discount to Brent, presently a 3.3% discount””.

Further info on from the AGM below.

March 2025 AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

Interesting article, "accidents" happen.

https://www.reuters.com/business/energy/valero-shuts-texas-refinery-after-explosion-rocks-diesel-unit-sources-say-2026-03-24/

Furry is not to bright, thinks we would not take H1 offstream for 36 hours to perform maintenance (de-wax) which would result in circa 20% increase in production from H1.

If your new to this board then apologies for the numerous lunatic trolls, they are easily identified by browsing through the posters below.

Almost certain Petro China would have ZERO interest in a farm in, the Chinese are not known for sharing, they would want a straight buy out of block XX

With luck H2 four month shut in might have seen some pressure build up in the well which will help in getting these fluids out.

More than enough cash for pumping out H2, dewax H1 & well test/complete GOBI.

Question is has the pump been restarted at H2 yet ?, have we sourced high pressure pump for the dewax of H1 ?,

As per the estimates, the Gobi Bear holds mean oil-in-place potential of 307 million barrels.

https://www.lse.co.uk/rns/MATD/spud-of-gobi-bear-1-exploration-well-38v36hk2hl4qu5n.html

https://www.offshore-technology.com/news/petro-drilling-well-mongolia/?cf-view

After testing Gazelle and finding oil Gobi was postponed until this year, below is an extract from 30th July RNS, note the section that states "migrated oil in cuttings samples", geophysical anaysis of the well cuttings proved this.

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RNS 30th July 2025.

Gobi Bear-1 perforation and test. It is also planned that the workover rig will move the 9km from Gazelle 1 to the 2024 Gobi Bear-1 exploration well to perforate and flow test the zone of interest identified on logs. The potential for oil pay being present in the well has been enhanced by the identification of "migrated oil in cuttings samples" but to be definitive a well test is required. A successful oil test at Gobi Bear-1 would be a significant result as the structure has substantial resource potential.

Brent sitting @ 112.2.

PS meaning of "Potential" as follows: grounds for expectation of success, improvement, or excellence

I33, my understanding is the refinery have first call on any oil produced in Mongolia so i would say Blocks 19 and 21 oil will go to the refinery, remember seeing that somewhere but cannot remember where.

I am not a ramper, I post positive messages about the company I've invested in because i see a very lucrative future for MATAD.

I33, the refinery will start off at around 50% capacity for the first 3 months to ensure no issues, then production will be stepped up incrementally, probably be a good 9 months before it reaches anything like 100% capacity / 30k bopd requirements.

Always best to stick with official RNS figures rather than believe chancers on here.

Seems Unnd is still struggling. Think our CEO & the RNS quoted was clear enough, see below.

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Do your own calculations

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16th January 2025 RNS clearly states:

“”Under the Cooperation Agreement and applying the very favourable fiscal terms of the Block XX Production Sharing Contract, after payment of processing costs and transportation, and after the government's royalty and production share are deducted, Petro Matad will receive a net back of more than $40 per barrel based on a sales price of $70 per barrel. Block XX crude will be sold at the same price as Block XIX crude which is Daqing 33 minus $1/barrel. Daqing 33 is usually priced at a small discount to Brent, presently a 3.3% discount””.

Further info on from the AGM below.

March 2025 AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

With Saudi threatening to start attacks on IRAN this is not going to end soon, even when it does there will be the Houthi element, get used to high oil price, its here for the foreseeable

Dan, the Progressive link i posted last night stated the 57.5 million is based on the Heron field.

Another article (link below) refers to Petro China claiming back costs, link below.

https://www.montsame.mn/en/read/298448

Bauchsapt, we can claim back previous exploration expenditure from future taxes, its touched on in p11 of the Progressive doc at the below link, heading is Heron Development, Progressive state the figure as US$57.7m but i am sure MATAD covered this in one of last years presentations and the figure was a bit higher, basically a tax write off against future profits.

I will have a look tomorrow and see if i can find more details or maybe someone else can lay hands or enhance ??????

https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020241218.pdf