Member Info for abzzba

Will let the NEGS & Bashers get on with their worst, hopefully red dot day tomorrow but could be later in the week.

Good luck to ALL GENUINE holders.

As stated by MB H1 is already delivering in accordance with initial expectations, the facts are it seems very likely it can deliver a lot more, 14th November RNS 1st paragraph states "Heron-1 is producing well with maximum deliverability estimated to be similar to or greater than the 821 bopd achieved on drill stem testing in 2019".

Obviously those wells on the fenceline never impacted H1 pressure or the oil which well tested at 821 bbl/d,

The oil has been there millions of years, has it evaporated in the last ten years, i think not.

Mongolia’s vast reserves make it the ‘Saudi Arabia of Asia’

https://www.businessdestinations.com/featured/mongolias-vast-reserves-make-it-the-saudi-arabia-of-asia/

Strange, i could have sworn it was the NEGS getting worried, using multi ID accounts etc, posting 25+ lying posts etc.

Wise Owl, your wasting your time, this guy does not have the mental capacity to understand what your saying, he is Dim as shxt with a capital D.

Progressive report compiled by oil industry expert below.

https://www.petromatadgroup.com/wp-content/uploads/2024/12/MATD-20241218-On-the-way-up-in-2025.pdf

UK Investor magazine, MATAD top 20 stock pick for 2025, PS i agree.

https://ukinvestormagazine.co.uk/top-20-stock-picks-for-2025/

From 14th November RNS " Heron-1 is producing well with maximum deliverability estimated to be similar to or greater than the 821 bopd achieved on drill stem testing in 2019.".

MB stated after the well test: "This is exceptional for the Tamsag Basin where only a few of the hundreds of wells drilled have had the capability to produce oil to surface on natural flow. The peak production recorded during the test was 821 barrels of oil per day ("bopd")".

Could we have the most productive half of the TAMSAG Basin.

Deramper / stockbashers list below, all these posters are engaged in lying, distribution of FUD and general disruption of the board.

Due to LSE admin these lowlife can post whatever lies they want.

Adw198

Stockmaiden

Doc

Corpse

MrsWOS Joined LSE 3rd March 2025 (few days ago)

Gusto

Furry65

Bamb

What is a stockbasher and how to identify them, see link below.

https://www.investopedia.com/terms/s/stockbasher.asp

Thoughts are that PC and MATAD will enter a JV, simply put MATAD cannot fund the amount of drilling required to supply Mongolias new refinery requirement of 30,000 bopd, some think that rather than a MATAD/ PC JV there may be a complete buy out of the Heron field, some think it might be a placing which is not as bad as some think as we then keep all profits inhouse, either way MATAD is sitting on a field with 60 million recoverable barrels of oil valued at some 4 billion dollars.

Given Mongolia drilling season lasts for only 7 months (April to Oct) neither Mongolia or PC can afford to wait, also the first 30,000 barrels of oil produced is earmarked by law for the refinery so if PC want to ship oil back to China they need to get drilling ASAP, US sanctions on Iranian oil sales to China are biting, we know Mongolian oil production peaked back in 2015 at around 24,000 bopd but fell to 12,000 bopd by 2020.

My guess is PC need to be ready to start extensive drilling in the Heron field by April or May at the very latest, no doubt Mongolia are putting pressure on them to do so, news must be imminent.

Make no mistake, Wednesdays 49% rise was just the starting pistol being fired, follow this all the way upto and beyond 30p+ in the next 15 to 18 months.

Why the 49% rise, easy, MATADs Heron field (half of TAMSAG Basin) is sitting on a sea of oil and that oil is needed to feed Mongolia’s new refinery which is expected to be completed by March 2026, at present Mongolia’s oil production meets only 30-35% of the oil required by the refinery.

PetroChina own the other half of the TAMSAG Basin, they have been drilling there since 2005 and as of 2021 had 311 producing wells, all the best well prospects on the PC side of the basin have been drilled, many of their earlier wells are coming to end of life, to keep it simple, Mongolia and Petro China need MATADs Heron field.

2857mal, one things for sure, if they are posting their genuine feelings for MATAD and its future then a profit will not be their reward, i feel quite good about that.

Ftse, as you say, PC know what our half of TAMSAG is worth based on the oil they have produced in their half.

2025, the year of MATAD.

Love how desperate the NEGS are now sounding as we approach the AGM, seems they are worried, they will have reached fever pitch by Thursday.

Roxy, agreed, quite funny really, the likes of MrsWOS who joined LSE 3rd March, 6 days ago just to bash MATAD, see through them easily.

Ftse, i will also say 200 million after negitiations.

Timing is on our side, Mongolias new refinery needs our oil, i doubt Mongolia built it for it to sit idle.

Thornogson its maybe a big IF but should an RNS arrive in the next few days saying JV/outright buy out is being discussed this share will rocket skywards faster than a WOS rocket.

As Thunderbirds said, Standbye for ACTION.

Always best to stick to the facts rather than the fiction posted by our numerous “NEGATIVE” posters.

1: Oil pipe line from TAMSAG Basin to refinery completes later this year.

2: Refinery builder stated in Sept 2024 the refinery will be completed by March 2026.

Mongolia refinery needs 30,000 bopd to run at 100% capacity, right now Mongolia daily production is not enough to run the refinery at even 30% capacity, no doubt Mongolia will accept running the refinery at 30 to 40% capacity initially, but if they are to cut fuel imports they must get drilling and increase daily crude production by at least 300%.

We know Petro China half of the Tamsag Basin has been heavily drilled since 2005, MATADs half of the TAMSAG Basin (Heron field) is still unexplored, only two wells drilled.

90% of Mongolias oil comes from Petro China Tamsag field which is approaching end of life, best oil prospects already drilled, they need MATADs Heron field, there is no alternative.

If there is no JV/ outright buyout of Heron then MATAD need as little as 10 million to drill 2 ot 3 more wells, revenues from these plus the revenue from an easily fixed H1 is more than enough to fund future drilling and if H2 can be reworked to allow production rates half that of H1 even better.

Lots of lies being posted by negative / bashers here, makes you wonder why they are here spouting their lies, some saying if H1 sandscreen wll fix the sand issue why not do it, simple answer to that is the severe Mongolian weather, operations start in spring around 3 to 4 weeks away.

Adw, i am not sticking up for anyone, i just find it funny that you of all people ask for evidence given the VAST amount of lies, half truths and distortions you have posted in an effort to deceive readers.

Corpse, we do not have detailed enough figures to work out averages for PC wells, we know oil peaked in 2015, we know oil output declined in 2020, all PC data i post is taken from a report produced back in 2021 which is the latest i can find, however its no where near detailed enough to come to anything but the broadest conclusion other than PCs half of the TAMSAG basin has been very productive for the last 20 years, given MATADs half of the TAMSAG basin (Heron Field) has the same geology i think it fair to say Heron will be equally as productive.

Adw, when has evidence (or lack off) ever bothered you ?.

MrsWOS, you wont be rich as you dont have any shares and please tell me where i said all this would happen next week.

Doc, you keep telling us you are invested, it seems that after buying into MATAD you have spent years trying to trash them, most people would see you as certifiably insane, who in their right mind would buy shares in a company then spend years posting negative views about the company they hold shares in.

Listen to TENBAG and Mark Twain