Member Info for abzzba

Question 32:

How long would the new 3d take to obtain and be usable by matd for well planning. Would it be available for drilling in 2026?

If it's shot in July, August, then final product would be available by the end of the year, but, I think workable product would be available by potentially the end of August. And I'm saying that because I'd very much like, and I'm very much pitching to the farminees or would-be farminees I talked to, that we could very quickly be drilling using their money. So I would like to follow up the 3D with some drilling activity in 2026. If it could only be one well, if the winter was rushing on, I'd make it Gazelle 2, but I don't want to get ahead of myself, I'm not promising, but yeah, that's what I have to say on that one.

Think MB & the presentation are quite clear, the only drilling this year will be the radial drilling penned in for H2 and this will be conducted by specialists, not DQE, quite normal in the oilfield, MB also said the specialist radial drilling team are not in Mongolia right now so we have to wait until they are OR we pay a huge premium to mobilise them, MB obviously and rightly prefers to wait until they are back in country for PC wells thus reducing costs.

Dsymons.

1: Price of oil.

2: Weather in Mongolia.

3: 6 month advanced on farm out talks.

Hamm, see the presentation at the below link, suggest you read it several times and digest the information, then ask yourself, does it look like drilling is a priority this year ?.

https://www.petromatadgroup.com/wp-content/uploads/2026/05/Corporate-Presentation-28_05_26-Petro-Matad.pdf

Can assure you its no better with the likes of Totalenergies, BP or Statoil and thats a fact.

LimitedFunds, i have sat in presentations for a few of the biggest oilers in the world and can assure IT glitches are quite common, personally i am quite happy with the team & MB in particular.

I33, agree, 3 million in bank just now plus 35,000 barrels to be sold imminently which would add another 2 million so circa 5 million, however that depends on the oil price, Exxon CEO predicts oil will rise sharply as do many analysts, Doc appears to think the oil price is about to fall, wonder who will be right, my guess is IRAN issues far from sorted and oil will remain high the rest of the year and into next year.

Kr, might be worth actually reading the article, you obviously have not, or if you have, read it again as you obviously have not understood it first time round.

Agreed, Doc, BP and the rest of the TROLL gang so disappointed a raise was not announced,

I have found it's best just to ignore the TROLLs, they really do not warrant the effort of a reply.

I would love for Gazelle 2 to be drilled this year and am confident it would be by far our most productive well, great shame Gazelle only covers around 10 km2, but once we complete the seismic there could be a host of Gazelle's in our 218 km2.

TBT, little point wasting your time replying to the likes of Doc, he is supremely OBTUSE so its a complete waste of your time, much the same story with a few others who seem to be AWOL today, at least for now.

For me one of the AGM highlight's was Jerry staying H2 had cost 3 million to date, that's drill, test, complete and acidize plus all the pumping which realistically does not account for much, will listen to the AGM again when I get home this weekend.

Without doubt yesterday's RNS and AGM was better than many expected, you just need to look at the buying to see that, I would expect the next RNS will confirm the 2026 sales agreement has been signed,

No doubt our TROLL element will turn up later, they do seem to love taking a beating.

Kr, I seem to remember you saying our wells had a 5 year life span and Sunsteppe would be worth pennies, as for the hot wax wash I posted a month ago the reply I received from MATAD, they advised that while oil price was high they would put the wash on hold, for info it was Jerry that mentioned it in the December presentation.

Plonkers like you, furry, krok etc etc bring nothing useful to the board, in reality you are a TROLL here to disrupt, your efforts are a waste of time, no one is interested in the rubbish you post but feel free to waste your time.

The 3d seismic we have for block XX covers only the northern border sections of Petrol China's fields and it's 15 years old, techniques have improved dramatically in the last 15 years and the data will be invaluable to MATAD and any interested parties.

Was real happy to hear MB say he wants to drill Gazelle 2 next, meantime we have Gobi well test and radial drill of H2 to get on with, given the potential the Gazelle updip offers it could well prove to be our best by far producer, seems unlikely we need a raise for Gobi, H2 & Gazelle 2, Petro China failure sign the sales agreement means we can sell January & February production at these elevated oil prices and if the current news is anything to go by oil could be about to take of.

Absolute no reason we cannot be producing 600 / 700 bopd by the end of the year assuming can drill Gazelle 2.

Also nice to see our resident TROLLs grasp at straws.

If the refinery is due to be operational by February 2028 then they need to start pumping oil through the pipeline towards October next year,

Pretty happy with the RNS & AGM, all good stuff and bit more detail.

H2 TOTAL COSTS SO FAR, 3 million dollars, that's drill, well test, compilation and acidize, lot less than our TROLL brigade have been saying