Member Info for abzzba

Why are people copy and reposting their own posts?

The FACTS that we know.

1: Heron 1 producing and creating revenue over winter, exactly what it will create revenue wise depends on bbl/d and oil price, will the oil price rise due to ME tension, who knows but my guess is it will.

2: Heron 2 drilled some 800 m from H1, looking favourable, well testing ongoing with result expected anyday, assuming commercial good chance of getting H2 onstream over winter resulting in more revenue.

3: When a new oil well is brought onstream its always at lower rate to its real potential, reasons for that are two fold, restrict damage to the reservoir and gauge pressure drop in the reservoir to oil produced, it’s a balancing act to find the best pressure loss vs oil production.

4: H1 and H2 are situated within 1 square km area, Heron field has 214 square km area so potential for dozens of wells.

5: Potential for DQE profit share/ PC JV/ soft loan and maybe even Mongolia tie up as they need 30,000 barrels of oil per day for their first refinery, once the refinery starts up we will be supplying via a pipeline cutting out the middle man hence better per barrel sale cost plus less costs (no onsite tank rental, no trucking shipping costs to PC).

6: New blocks on the way, massive acreage, bigger than Heron 214 km2,

7: If more proof were needed that MATAD is a golden opportunity then ask yourself why the sp has been under attack since the last share issue and ask why these disruptive bashers / derampers have all suddenly appeared, they are here for a reason, to distort, create discord and prise shares from investors because the entity that pays them to do this want as many MATAD shares as they can lay hands on as cheaply as possible.

They can have mine post refinery but they will need to pay minimum 35p plus for every one.

Very latest and most up to date news 12/09/24 on the refinery see link below, it will complete March 2026.

https://www.rigzone.com/news/wire/mongolias_first_17b_refinery_to_be_ready_by_march_2026-12-sep-2024-178092-article/

Seems like i touched a nerve, with Walter Mitty.

Investor states ""abbzba " is the correct spelling having just rechecked, though frankly I don't car whether I spell his username correctly."

Idiot, its abzzba and it is care not car, attention to detail counts.

The FACTS that we know.

1: Heron 1 producing and creating revenue over winter, exactly what it will create revenue wise depends on bbl/d and oil price, will the oil price rise due to ME tension, who knows but my guess is it will.

2: Heron 2 drilled some 800 m from H1, looking favourable, well testing ongoing with result expected anyday, assuming commercial good chance of getting H2 onstream over winter resulting in more revenue.

3: When a new oil well is brought onstream its always at lower rate to its real potential, reasons for that are two fold, restrict damage to the reservoir and gauge pressure drop in the reservoir to oil produced, it’s a balancing act to find the best pressure loss vs oil production.

4: H1 and H2 are situated within 1 square km area, Heron field has 214 square km area so potential for dozens of wells.

5: Potential for DQE profit share/ PC JV/ soft loan and maybe even Mongolia tie up as they need 30,000 barrels of oil per day for their first refinery, once the refinery starts up we will be supplying via a pipeline cutting out the middle man hence better per barrel sale cost plus less costs (no onsite tank rental, no trucking shipping costs to PC).

6: New blocks on the way, massive acreage, bigger than Heron 214 km2,

7: If more proof were needed that MATAD is a golden opportunity then ask yourself why the sp has been under attack since the last share issue and ask why these disruptive bashers / derampers have all suddenly appeared, they are here for a reason, to distort, create discord and prise shares from investors because the entity that pays them to do this want as many MATAD shares as they can lay hands on as cheaply as possible.

They can have mine post refinery but they will need to pay minimum 35p plus for every one.

Very latest and most up to date news 12/09/24 on the refinery see link below, it will complete March 2026.

https://www.rigzone.com/news/wire/mongolias_first_17b_refinery_to_be_ready_by_march_2026-12-sep-2024-178092-article/

Adw, i prefer more upto date news. March 2026 for the refinery.

https://newsbase.com/story/engineers-india-forecasts-march-2026-construction-completion-date-for-mongolia-s-first-oil-refinery-343142

Investor, as i said, you appear to be a Walter Mittyesque type person, dream on.

Investor, please read my posts, i am not as you state "get rich quick chancer", as i have said time and again i am long term holder with no intention of selling until post refinery when MATADS real value will be realised, however i am most impressed you ""FOLLOW"" some guy that makes loads of dosh in the states, that is no mean feat and should award you the accolade you so obviously feel you deserve, i mean we cannot all pick out a high flier to worship.

PS, i follow President Trump, does that count ?.

Investor, you say "the US day trader that I follow made another $40,000 in a day yesterday trading three US micro caps. That's just an average day for him - the other week he made $104,000 in a day", i guess that makes you a REAL professional Mr Investor.

So many Water Mittyesque types on here, my guess is it breaks his daily drudge of stacking shelves at ASDA, oops, forgot, he got fired from that now spends his day here giving us advice,

Proquo, i agree 100%.

7th October RNS as below.

Preparations to test the Heron-2 well are underway with results expected in early November. Now that construction permitting is not required, the Company is progressing plans to be ready to bring the well onstream in November in the event of a good test.

Petro Matad is finalising the test programme and will perform a reservoir stimulation operation on Heron-2 prior to the well test with a view to completing the well for production provided a commercial flow rate is achieved.

Now that the lengthy construction permitting process is no longer required the chances of getting Heron-2 on stream this year have improved, and plans are being made to be ready to do so in the event of a positive well test. Suppliers of the necessary equipment have been contacted and discussions are also ongoing with the Block XIX operator with a view to borrowing spare equipment that may be available locally.

(For necessary equipment read completion equipment)

My "educated" guess would be they have/are re-stimulating H2 hence taking a bit longer than normal for the well test, certainly they would have walked away by now if it were not commercial.

Remember, do not let these basher scumbags into your mind, their goal is to set you at each others throats, divide and conquer is their game, create doubt, pick on every negative they can think off and a few that dont exist.

TBT, dont be so hard on him, he is just doing what he is paid for, same as the others.

Obviously H2 RNS is important for revenue over winter and as important for sentiment, could also be that H2 is commercial but cannot be brought onstream pre winter though i think there is still time assuming the RNS arrives this week, RNS next week would make things very tight but maybe not impossible given its a completion.

Having decided to be here until post refinery myself i understand what Thornogson is getting at, but pretty sure all genuine investors are hoping for good news H2 RNS ASAP whether they are in for the long term or the short term.

Still time enough for it to arrive this week.

Genuine investors should not be falling out with each other, its what the ""low life"" posters on here want, your playing into their hands, stay strong.

So many posters with negative thoughts and endless innuendo, so many experts, surprised you let yourselves be taken in as you put it, GUFAW, think i will hold.

MON1, there has been for months, good thing about that was it allowed me to add at low price,

Heron discovery was awarded in July 2021 covering an area of 214km2 (52880 acres).

H2 was drilled 800 metres from H1 which flowed 821 bbl/d, so H1 and H2 within the same km2, wishful thinking "but" 2 wells per km2 = 428 wells, ok, agreed, a bit simplistic but that was for Adw sake, but maybe a 100 wells possible in the long term, that would feed the refinery and leave some to sell.

Seems like a few have decided to crawl out from under their stone again and flood the board and informative posts with drivel, time will tell, no point debating a day ahead when the future looks so good.

Following the award of the Exploitation Licence, which has an initial 25 year term, the rest of exploration acreage has been relinquished.

https://www.petromatadgroup.com/operations/assets-overview/

H2 in the bag, will be flowing this year, cannot imagine why some would try injecting doubt.

Background

Petro Matad's Heron-1 discovery is located in Block XX. An Exploitation License over the Heron discovery was awarded in July 2021 covering an area of 214km2 (52880 acres) with the remaining acreage relinquished