Member Info for abzzba

Another day of negativity by the usual Adw, Gusto, Espen, Doc, stockmaid and another day failing to keep us down

Gusto, Doc, Adw, Espen, great examples of sad sad people who have nothing better to do than post lies about a company they dont even hold shares in. (sick)

PS: YAHOO says 6.45% UP.

TenBag, Mr Twain also said “Never argue with an idiot. They will drag you down to their level and beat you with experience.” obviously he was speaking about Espen, Adw, Gusto & Doc.

Doc, you asked the exact same question couple weeks ago, please refer back to the answers you received then including detailed costings, please try and keep up, no one is going to hold your hand and guide you through this.

Doc, suggest you read all posts, god knows how many times thats been covered, wakey wakey.

TenBag, As Thorn says the oil price could work to our advantage, 19,000 barrels in storage, if we can sell at hight oil price so much the better.

Greenbacks, suggest you read 14th November RNS, H1 producing circa 250 bbl/d just now (but could be more) and has the potential to produce 800 bbl/d once pressure spikes stabilised / controlled.

250 bbl/d covers daily costs, 750 bbl/d covers a whole lot more.

Add on H2 and Gobi once remedial works completed, various options for funding on the table.

Re funding, My choice would be a loan so we keep all Heron riches to ourself, guess a fund raise would be 2nd choice and DQE profit share deal 3rd choice, but any DQE deal not to include already drilled wells, we keep H1, H2 and Gobi 100%.

Greenbacks, H1 itself will not fund 2025 drilling but certainly has the potential to cover day to day costs.

BadP thats not quite true, Espen, Adw and Gusto have convinced me they are idiots.

If H1 pressure spikes have stabilised we could easily be producing way more than 250 bbl/d, again we need to wait on an update but not uncommon for a new well to display eratic pressures at start up, now 77 days since H1 production started so i suspect its stabilising.

Gravey T, its certain they will increase H1 flow rate, question is will it be 700 bbl/d or 900 bbl/d, at this point we simply dont know.

H2 also something of a certainty.

UK Investor magazine MATAD top 20 pick, see link below.

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

Progressive report stating sp expected to be 12p, see link below. Can understand why analysts predicting good year for MATAD.

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

Best not to guess, use official RNS figures, 14 November RNS states H1 potential as 800 bbl/d, no guess work, fact.

H1 production potential read 14th November RNS, circa 800 bbl/d may well be on cards.

H2 remedial works required, at 30 bbl/d its marginal commercial during winter months, MATAD made the right call in suspending it until Spring when remedial work can be completed.

Same goes for Gobi, all data says oil in place, needs work to release it, big point here is both H2 and Gobi already drilled and cased. remedial works should not add too much costs especially if both prove commercial.

H3, H4 and so on, we have still TBA, but given Heron field is awash with oil seems 2025 will be a great year.

""If GBP folded tomorrow I would still have my stake, safely banked."" so you sold out of GBP, very wise,

Tortoise and the Hare?

The moral lesson of the story is that you can be more successful by doing things slowly and steadily than by acting quickly and carelessly.

Espen on Monday you told us it was 320% up, thats a bit of a drop,

Espen, how much did you loose when GBP fell 25% yesterday ?, has GBP got that JV deal yet, oh no forgot, that was a scam, ah well, buy in here fast you might claw back some of your GBP losses.

Gusto reckons we are storing water, could hardly make this up.