Member Info for abzzba

End of year 2.5 million in bank, stored oil worth around 1.4 million today based on Brent price less 5%, monthly costs circa $300,000.

To fund 2025 drilling of 4 wells assuming all found commercial and go all the way through to completion and production would cost circa 16 million (4 million each).

So we need cash, options are deferred agreement with DQE which is on the table, they drill the wells and take payment from oil revenue, other options are soft loan to raise cash, or raise cash through issue of more shares, there has even been mention of deal with PC, so various options.

As said in previous posts, another 3 producing wells in 2025 we become self funding, ie cash from oil produced will pay 2026 costs.

Add to the above increased production from H1, currently circa 250 bbl/d, 14 Nov RNS states 800 bbl/d on the cards, then add on H2 production after reworks, lets be conservative there and add on 200 bbl/d for H2, money money, money.

NEGS getting more desperate every day, every day we are closer to the next RNS, oh dear all those hundreds of hours wasted by the NEGS, what a waste of their lives, but then again their lives are not that great anyway if this is the best they can do.

Greenbacks, end of year 2.5 million in bank, stored oil worth around 1.4 million today, monthly costs circa $300,000.

To fund 2025 drilling of 4 wells assuming all found commercial and go all the way through to completion and production would cost circa 16 million (4 million each).

So we need cash, options are deferred agreement with DQE which is on the table, they drill the wells and take payment from oil revenue, other options are soft loan to raise cash, or raise cash through issue of more shares, there has even been mention of deal with PC, so various options.

As said in previous posts, another 3 producing wells in 2025 we become self funding, ie cash from oil produced will pay 2026 costs.

Various options on table.

Doc, nothing lasts forever, including MATADS bad luck, 2025 is the start of a new begining for oil producing MATAD.

Espen, GBP down 3.66% today, GBP down 33% in the last week, your investment doing well ?.

GBP 4.5 billion shares and counting.

Adw, you say you are "genuinely struggling", can i second that, you come across as being exceptionally dense, just an observation.

Good leadership Mr Buck! Keep it up and let's have that next RNS please.

Adw, MB paid the same share price for his £100,000 purchase as everyone else that bought shares at that time.

You will argue and create discord about absolutely anything.

Proquo, Agree 100%, they try and drown any positive views held by genuine investors. Disgusting individuals is putting it mildly.

Adw, admitted yesterday he lies and on Sunday said "i have no idea", so why is he on here day in day out spouting rubbish.

Great to have an experienced oilman at the helm, someone that knows what he is speaking about rather than some half assed accountant with no idea of oilfield operations.

Onwards to double digit sp by end of year.

Adw, admit it, you lie, every day you lie, you are a compulsive liar. The only thing you have been truthful about was yesterday when you said "Personally I have no idea".

The only truthful thing Adw has said on here was in his post yesterday when he said "Personally I have no idea".

But more like 40% increase in profit per barrel after costs.

Jimi, those that are not enthusiastic are the ones "that dont have a clue"

I have a good feeling about the whole of 2025 and beyond.

Spotting the ridiculously under valued gems is where riches are made. Tricky to do though. In an ideal World it'd be a company with a proven, doggedly determined, track record of survival with vast proven assets worth billions on the cusp of significant near term transformation in an environment where everyone, especially the Government wants (needs!) them to succeed.

Know of anything like that? ,

Sounds like MATAD !!!

Thornogson, my main point being Adw casting doubts on MATAD oil operations time and time again though he admits "he has no idea", suggesting H1 & H2 problems that really do not exist, high pressure at H1 is a benefit, it pushes the oil out of the ground faster than a beam pump can suck it up, agreed it needs controlled but this is easily done, the high pressure spikes will most probably subsidize as we vacate oil /fluids from the reservoir, all very common issues with any oil well.

H2 also has potential but winter beat us, the way the NEGS speak you would think it was a dud, but how can they say this when they admit to "having no idea".

Adw, you put your finger directly on the problem when you said "Personally I have no idea", so why do you feel the need to comment on things you clearly know nothing about.

Thornogson, might i suggest logic and fact are wasted on Adw, he has his agenda and it relates to trashing MATAD no matter what evidence or fact there is to the contrary.