Member Info for abzzba

Adw, when has fact or evidence ever concerned you when you do your posts ?

Takesiteasy, there is nothing to reply to, you guys are speaking utter shxt, no point correcting uou as you are all quite obtuse.

Velocoraptor, your words "Smell a lot like an orchestrated and planned operation to suppress the share price for a takeover",

i would agree with that as i have never seen deramping like we are seeing here, never seen anything even close to the assault this share is getting, there must be a reason for it, someone is paying for these derampers.

Would i be happy if MATAD was taken over, i would be ok with it at 50p a share.

Watch this space.

Hopist, other similar option is Petrovis, as Mongolias largest fuel supplier and MATAD partner we could do a deal with them as they could well be the refinerys biggest customer.

All possibilites considered.

2025, the year of MATAD.

Hopist, i agree, it suits MATAD and the government who need oil for the coming refinery, we could even arrange payback of loan through oil supplied, win win.

Funding: How we fund 2025 is not known yet but there are options.

1: Mongolia/Petrovis option but Reserve based loan also an option (these are my preference).

2: DQE / profit share deal, markets may see this as the best option.

3: Share issue would be my last choice, if we go this route then its up to MATAD to decide 2025 work program and monies required, I see two options, full blown or limited share issue.

Full blown we raise enough for remedial works on H1, H2, GOBI plus drill H3 and H4 (or similar program), assuming H3 and H4 end up as producers then taking the full blown fund raise will would still benefit investors, even more so in the long term.

Limited share issue we raise only enough to bring H1 to its full production potential which has been estimated circa 600 bbl/d plus and enough for remedial works on H2 and/or GOBI.

Even an H1 producing 600 bbl/d we have post costs revenue of 10 million over 12 month period plus whatever H2 and/or GOBI adds, cost of this limited work program circa 4 million, spring drill-ing/work program starts early April.

Fact, no one knows how we will be funded but there are options. Also quite possible MB throws a curve ball and finds a yet unknown option.

It’s a case of wait see.

2857mal, good to hear some common sense

Thornogson, its a dirty old world, even more so when it comes to money. Someone is paying a lot of money out to these derampers to trash this share, that tells me this stock is something special.

NEGS getting desperate, starting to realise their time is short in their attempts to trash the sp, 19,000 barrels in storage ready to sell and H1 producing more every day, their bolt is shot.

NEGS going hell for leather this morning, very desperate

19,000 barrels of oil stored ready for sale so all those stating no revenue will be wrong very very soon.

Agreed , derampers sounding desperate, as of today around 19,000 barrels of oil in storage ready to sell once agreement signed.

And i know we started production at H1 on October 24th, our first producing well soon to be followed by many more

Takesiteasy, your post below shows what you know, the beam pump (nodding donkey) is not being used, gas pressure is throwing H1 oil out of the well.

Espen, people like you live in the past, other, like MATAD investors live in the future.

Espen, your hindsight is excellent, but the way to riches and profit is knowing whats coming.

H1 = 600 bbl/d plus.

H2 = 100 - 150 bbl/d plus.

Gobi = watch this space, with 34m reservoir quality sandstone could be huge, bigger than H1.

Quite a bit of word salad today but think the wise move is buy more at this price

GravyT, certainly a good price to buy in, only way is up, roll on the new drilling season, not far off now.

Gobi, if you read 7th Oct RNS it states GOBI has "34m of reservoir quality sandstones ", 34 m is really good pay area, can see that being fracked first thing in the spring, could easily be a bigger producer than H1 which has an 18 m reservoir.

Case of wait see what MB decides to do first, H1, then Gobi or H2.

Ftse, easy to see the upside, think most investors do, NEGS obviously say whatever they are paid to say.