Member Info for abzzba

Great shame so little time being dedicated to talking about the company and its prospects rather than cutting each other up, if you have nothing to say about MATAD why bother being here.

TT, from where i stand its ok for TBT to ramp all he wants while the BASHERs are on here en masse lying and deceiving as they please, keep up the good work TBT, at a minimum you give the BASHERs a big headache.

Best to stick with the FACTs rather than unsubstantiated claims made by those with a negative agenda.

1: H1 well production, when compared to data the Company has for other wells in the basin indicates a pressure profile similar to some of the BETTER producing wells in Block XIX = H1 production equals Petro China higher producing wells.

2: H1 reservoir has shown no boundries as yet = reservoir is massive.

3:H2, During the pre-acid clean up gas and oil were observed in greater concentrations than those seen in the original well testing programme conducted in October 2024.

4: Petro China / tax issue nearing completion, we should soon start being paid 100% for our oil, plus lump sum (circa 900k+) for the 30% PC withheld payments.

5: Heron is connecting to the electrical grid, 15% saving in energy costs.

6: Farm in: interaction with one of these companies has reached the stage of detailed technical and commercial negotiations, that news was a number of weeks ago expecting an update anytime.

7: Gazelle well test was excellent and the well was put on production with an initial flow rate of 200 bopd, every chance this can be increased.

I33, could you send me copies of the screen shots, i will fire these off to FCA/LSE and MATAD

SunSteppe Renewable Energy (SRE) has an exclusive Memorandum of Understanding (MOU) with the Oyu Tolgoi mine (majority-owned and managed by Rio Tinto) to develop a green hydrogen project in Mongolia

Good news for SunSteppe ?.

https://energynews.oedigital.com/mining/2025/12/04/rio-tinto-lifts-2025-copper-production-forecast-on-oyu-tolgoi-rampup

Should have read date top left, typo.

Hamm, below link is todays image (see date top right corner) save the link and just select the new date in future.

https://browser.dataspace.copernicus.eu/?zoom=17&lat=46.82069&lng=116.12417&themeId=DEFAULT-THEME&visualizationUrl=U2FsdGVkX1%2BaVMDCzDwxJhzWHdMXwGDKs9hTPqCBno%2FrINIJbNv4xWI9pZ3UHxZxI05CjFGTXJQnyQ3Cmu2S1eJx4Me1uvT%2F1Ec6wkFxGz7FS7vBXHM87XOHGuQ6%2FHnv&datasetId=S2_L2A_CDAS&fromTime=2025-12-05T00%3A00%3A00.000Z&toTime=2025-12-05T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&gain=1.4&gamma=1.7&demSource3D=%22MAPZEN%22&cloudCoverage=40&dateMode=MOSAIC

Another week with no news.Good or Bad?, from my way of thinking its good.

Hamm, weather not great satellite images not that clear, why not keep the link and look yourself.

Just in case anyone needs info on our farmout and those involved.

It appears there may be a new ENTITY on the horizon. MB confirmed during the presentation that talks with Indian explorer taking place.

Videsh Limited (OVL) a subsidiary of ONGC India are exploring potential oil and gas exploration opportunities in Mongolia. This interest stems from discussions between Videsh Limited (OVL) and the Mongol Refinery, with the Indian Embassy in Mongolia actively facilitating these talks. The discussions include collaborations on oil exploration and other mutual interests.

Here's a more detailed breakdown:

ONGC Videsh Limited (OVL): https://ongcvidesh.com/

OVL, the international arm of ONGC, is actively involved in these discussions.

Mongol Refinery: The Mongol Refinery is interested in collaborating with ONGC for oil exploration in Mongolia.

Indian Embassy's Role: The Indian Embassy in Mongolia is playing a key role in organizing meetings and facilitating these discussions.

“””Specific Focus:The discussions are focused on exploring oil and gas opportunities in Mongolia, with a possible partnership for upstream growth.”””

Historical Context: India has been involved in a project to build an oil refinery in Mongolia, with a $1 billion loan from India. This refinery is expected to utilize crude from Mongolian oil fields.

2025: https://www.facebook.com/100064495280063/posts/on-5-march-2025-embassy-of-india-organized-a-virtual-meeting-between-ongc-videsh/1039552271537939/

2025: https://x.com/IndiainMongolia/status/1897565460696121451

2025: https://eoimongolia.gov.in/albumimage/Mzg,

Obviously these talks have been ongoing for years, see 2021 article below.

http://www.mongolianbusinessdatabase.com/base/newsdetials?id=27601

Another “possible” in the race is Gobi Terra (UK) Limited, they have just completed a farmout with Elixir Energy Limited earlier this year, they are run by Mongolian financial guru BAYANJARGAL, Byambasaikhan, he has been involved in some of Mongolias largest energy/mining deals including the Rio Tinto mine.

https://www.listcorp.com/asx/exr/elixir-energy-limited/news/farmout-of-mongolian-assets-3154430.html

Also guaranteed Petro China & Sinopec/Dongsheng are interested in Heron.

********************Worth noting.******************

29th September RNS states: The interaction with one of these companies has reached the stage of detailed technical and commercial negotiations.

My money is on Videsh Limited (OVL) due to previous discussions with the refinery & Mongolian mining ministers.

Below are various links, each complete a bit of the Mongolia/MATAD jigsaw, research of these will be far more beneficial than reading the posts from our numerous resident trolls..

Mongolias daily oil production has fallen 14% this year (see link).

https://english.news.cn/asiapacific/20250623/296dafc87d4a43d6b4ccea651511fa80/c.html

0il production declining, Petro China fields played out. Refinery 2027.

https://www.ubpost.mn/a/13420

https://bloombergtv.mn/news/mhim2k

MATAD timescales for the workovers, Page 11.

https://www.petromatadgroup.com/wp-content/uploads/2025/07/Corporate-Presentation-30_07_25-Petro-Matad.pdf

Articles relating to potential farmees/partners for MATAD.

2025: https://www.facebook.com/100064495280063/posts/on-5-march-2025-embassy-of-india-organized-a-virtual-meeting-between-ongc-videsh/1039552271537939/

2025: https://x.com/IndiainMongolia/status/1897565460696121451

2025: https://eoimongolia.gov.in/albumimage/Mzg

2021: http://www.mongolianbusinessdatabase.com/base/newsdetials?id=27601

https://www.listcorp.com/asx/exr/elixir-energy-limited/news/farmout-of-mongolian-assets-3154430.html

Old Wolf Petroleum document but interesting read, 10 billion

https://announcements.asx.com.au/asxpdf/20130328/pdf/42dy4gbvvs072h.pdf

Evolution of the Tamtsag Basin, Part 1 & 2. Old doc but interesting.

Part 1: https://e-docs.geo-leo.de/server/api/core/bitstreams/63b84f7a-5d1b-44cc-9e53-d90adbadf51e/content

Part 2: https://e-docs.geo-leo.de/server/api/core/bitstreams/d9f76b34-cb69-40e6-8fcb-9f25e58f4405/content

Heron Competent Persons' Report increases total mean unrisked in-place oil194 million barrels.

https://www.lse.co.uk/rns/MATD/operational-update-gfibfo9mhp20u0j.html

Good news for Sunsteppe.

https://mongolia.gogo.mn/r/ko8xm

https://www.abtglobal.com/insights/impact-briefs/building-self-reliant-energy-sector-in-mongolia

If you have not looked at Sunsteppe you can do so at the below link.

https://www.sunsteppe.com/about-us/

2021 Mongolian oil industry facts /figures on fields/oilco/production.

https://mongoliainc.com/key-commodities/oil/

Heron designated as State Special purpose.

https://www.lse.co.uk/rns/MATD/certification-of-block-xx-exploitation-area-kfsvh3vqi29j5pn.html

Mongolian oil/ Tamsag Basin info.

https://geoexpro.com/upstream-projects-for-the-global-transition/

530 km oil pipeline info below.

https://open.kg/en/news/in-the-world/41044-stroitelstvo-nefteprovoda-v-mongolii-blizitsja-k-zaversheniju.html

https://youtu.be/U1EjcECJqyw?si=YqE6FrG0CImP_bxq

Refinery (circa 26 minutes onward)

https://youtu.be/U1EjcECJqyw?si=YqE6FrG0CImP_bxq

I doubt anyone is expecting 150 bopd from H2, pre these workovers the general consensus was 50 to 70 bopd from H2 and a 100 bopd from Gazelle, Gazelle is producing at 200 bopd and assuming well reservoir pressure is holding up and there are no heavy sands/fines coming up with the oil it is very posible we can tweak open the Gazelle choke and get an extra 50+ bopd.

As for H2 my thoughts are even if we have 45 bopd MB will keep pumping, 5th November RNS mentioned posible perforation blockage, ifso its most likely sand that can be flushed through same as happened early days of H1.

Refinery equipment update.

https://montsame.mn/en/read/384438

H2 beam pump was realigned and started pumping on 5th November (see RNS), would be very surprised if progress were not being made, would have expected H2 to be shut in for winter by now if there was no progress so i am expecting good news.

I33, i mailed you couple of screenshots

Unnd, try and keep up, MB states $43 net when Brent is at $70 and i am saying when Brent is at $63 MATAD nets circa $38.7819, please wake up,

Unnd, maybe getting tedious for you but not me, i am happy to quote our CEO and his figures all night.

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

I tend to believe our CEO rather than you, sure most here would agree with that.

Unnd, your figures do not agree with what MB stated during the AGM, see below for the real facts.

March AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

I tend to believe our CEO rather than you, sure most here would agree with that.

Multibagger, your welcome, obviouly you expect the likes of Adw and Unnd to have at least a minimal level of education, appears they missed out somewhere

Unnd, be clear, with Brent at $63 we net circa $38.7819 per barrel after PSC fees, you need to stop guessing figures.