Member Info for abzzba

H1 took 21 days for well test, H2 RNS on Oct 1 st told us TD reached and casing had been run so H2 well test results any day, imminent news, H1 and H2.

RNS (plural) lots of news due.

Gusto, pretty sure there will be selling also pretty sure there will be buying, sure you will get the hang of it soon.

Gkhan, fire an e mail off to MATD and ask, afraid I have no inside info to " share".

Whatever the recoverable figure ends up at it will be a huge number, my guess is we could also include the PC trucking and tank rental costs we incur while shipping our oil to China, either way we can sell a "few" barrels of oil before we start paying big tax / cost numbers.

And of course no onsite oil tank rental costs plus the doc is dated 2021 so we can add on quite a bit more costs since then for recoverable costs.

Once shipping to refinery we will be paid market value, more than PC are promising which is Chinese Daqing bench price less 1 dollar (Daquing = roughy 5 to 10% less than Brent), once refinery starts operating we will get more per barrel with less costs as we will not be paying PC to truck the oil, win win for MATD and just one of the reasons i think the real value in MATD will be once the refinery starts up.

Also regards previous question about recovering Heron costs see page 19 (Heron development) suggest you read the doc in full (twice).

https://www.petromatadgroup.com/wp-content/uploads/2021/07/MATD_20210707-The-Hoards-of-Mongolia-002.pdf

Is it just me or have others noticed the Mongolian government appear to be more helpful, my thoughts are they would rather deal with MATD than PC and with refinery holding tanks soon to need filling this is good news for shareholder's

GL77, happens more than some think.

On another note, wonder how long it will take admin to find this.

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https://uk.trustpilot.com/review/lse.co.uk

Who knows, DQE / PC deal, winterized rig for end of 2025, who can say how many barrels we will be selling direct to Mongolia in 2 years

Quite sure those that want their fast buck will get out soon, but I do think they are short sighted, they see only 6 or 8p, long-term I see 50p.

Lot of posters seem fixated by the short term so, no idea why unless this is just a punt for them and they were caught out by the massive manipulation that's occurred then last few months followed by the arrival of bottom feeding bashers.

Think long term as I am doing, think piping the oil from multiple Heron wells directly through Mongolia's new pipeline, then realised we don't need PC anymore.

Long beats short anyday of the week, ask investors wife 😁

Maestro1, think we all aware of this, makes little odds to the RNS, we will get it when the MATD see fit to issue it.

Main and only real point here """Genuine share holders""" (lets you and a few others out) want to see H1 and hopefully H2 producing before the winter break, we still waiting H2 well test results but given we have around 6 weeks until winter shutdown there should be time to get H2 producing as well.

Those saying H1 RNS Monday don't know that, certainly it's close but could as easily be next Wednesday or Friday, likewise the well test for H2, we know it's close, could and probably should be next week.

I see the basher's are out in force, investor, stazi, are etc etc, you certainly fit the profile at the link below. You are easily identified by the number of negative posts, if anyone's in doubt check their posting history see if it tallies with the link below.

https://www.guerillainvesting.co.uk/2009/12/15/stock-bashers-3/

Gold $2700 and not a gram for sale

Think some need to read the below, it might clear up once and for all many of the lies and half truths.

https://www.petromatadgroup.com/wp-content/uploads/2021/07/MATD_20210707-The-Hoards-of-Mongolia-002.pdf

Could it be true.

https://ukinvestormagazine.co.uk/petro-matad-has-multi-bagger-potential-in-the-run-up-to-production-in-mongolia/

Adw, that's a surprise 🫢

Adw that's very simple to answer, it will start when MATD needs it to start, my calcs say we have enough in kitty for H3 and H4, no point giving money away if we don't need to

H3, H4, H5 etc etc may be deferal agreement or could be softloan, we have options, balls at our feet, it's our oil.

Quite sure no deferal agreement for H1, it was drilled and tested in 2019, all those costs paid years ago, would doubt deferal agreement for H2 either so H1 and H2 oil all ours, no need to share, all monies go to MATD.