Member Info for abzzba

I reckon if GOBI comes in we rename it from GOBI BEAR to GOBI BULL, only fitting.

ManxK, i prefer your estimates, bring it on.

Stick my neck out and say sales agreement signed in a week, sp up 20% on this news.

On the bright side we vastly cut the things the NEGS and bashers can lie about, no pressure problems with H1 now, H1 sand issue similar to PC high producing wells and these operating at high production with PC after sand screens fitted, Wild Horse and Gobi by no means duds as the NEGS tried to get us to believe, 3 million in bank at year end, etc etc etc, not a lot more for them to lie about, also interesting that H1 may be delivering oil from 2 pay zones.

Proquo, we will be off to the races in a few short weeks.

Question is which 3 parties, PC, DQE but who might the 3rd be, really wonder if either JADE or Elixir both Australian exploration companies involved in Mongolia might be the third interested party.

Wigster77, today RNS/AGM was pretty good, no bad news. Dont let these NEGS scare you into selling, there may well be a few bumps along the way but MATAD headed in right direction, i am happy to hold, Good luck.

NEGS now realizing their efforts were wasted, so much keyboard time all for nothing, well done Mr Buck.

Wigster77, i see no reason to change my 5p by June estimate, H1 pressure spike (Nov 14th RNS) now ended, no more pressure issues, sand appears to be only minor issue, MB stated PC have similar problem in their wells but fittied sand screens to high producing wells, so yes H1 still good for 500-600 bbl/d at least.

Wild Horse/Gobi remedial ooze low cost route a couple of cheap producers, remember they are both already drilled and cased so cheap to work on, H2 sounding it may well be better than initially suggested.

So yes, happy with my 5p by June estimate, and if Gobi and/or Wild Horse produce maybe even more than 12p by year end.

Proquo, agreed, all the scaremongering was complete waste of time, few unlucky/stupid investors sold based on the NEGS lies, wonder if London Suede is listening

Discussion with three companies.

$43 dollars a barrel based on $70 Brent price.

Low cost operation 2025 work on increasing H1 production, pressure fluctuations have disappeared so no longer an issue.

Allin all a very reasonable result

Onwards and upwards, 2025, the year of MATAD !!!!!!!!!!!!!!!!!!!!!!!!!

Only the NEGS and Bashers complaining, what a surprise

Steady as she goes Captain, ready for warp when you are

Question is which 3 are we speaking to, are the Australians in the loop.

In light of the fact that the current Mongolian government acted quickly in 2024 to overcome previous delays and so facilitated operations on Block XX and in 2025 is striving to improve the overall investment climate, Petro Matad is stepping up its efforts to secure a partner to join it in developing the Heron oil field and the rest of Block XX. The Company is targeting financially and technically competent companies with a view to secure an injection of capital investment to drill new wells to accelerate production ramp up and so enhance value. Discussions are ongoing with three entities at this time

We are very encouraged by the performance of SRE. The portfolio continues to grow with additional opportunities currently under evaluation for inclusion. Exclusive agreements are in place on four sizeable projects offering double digit rates of return which are already attracting interest from well-financed prospective partners. We are targeting the finalisation of PPAs on these projects which is the point at which commercial details of partnerships can be negotiated."

When the operating season starts in Q2, we have plans to conduct some relatively low-cost activities to reduce the Heron 1 operating expense as well as to enhance production and so increase revenue. With the completion of ongoing evaluations, these activities will focus on some or all of the Heron, Gazelle and Gobi Bear wells.

Additionally, Mongolia is in advanced discussions with Gulf countries including the United Arab Emirates and Saudi Arabia and their respective major renewable energy investors, to accelerate the development of large renewable energy export projects from Mongolia to China.

NEGS in feeding frenzy but nowt bad news to feed on,