Member Info for abzzba

Fireball XL5, Stand by for action !!!.

"I actually think he's trying to stifle sensible discussion", more a case of typical TROLL type behaviour in an attempt to disrupt the board, we should really be used to it by now.

TBT, when you say "PC tried to snuff MATD out " i am sure you are 100% correct.

TBT, buyout of block XX more likely, no doubt Petro China would be interested.

I would have thought the reason for the delay was obvious, MONGOLIA want to keep the bulk of block XX oil in Mongolia for the refinery, not let it be exported to China, they never wanted MATAD to be a high producer pre refinery, block XX is being kept for strategic reasons, that said we are approaching the point where they need to start exploration/drilling so we have wells producing.

I have no doubt we will benefit "BIG TIME" from these SunSteppe projects, simply a case of waiting.

Is there any news on the project that was pencilled in for this year.

Gadgie, my thoughts are that the Gazelle updip, often mentioned by MB will be far better than Gazelle 1, we have to do this and i agree there is no need for a raise to test GOBI, drill Gazelle 2 updip and radial drill H2.

I33, you seem fixated on near term share price while i prefer to look at the longer term, post refinery share price, each to their own.

Assuming the oil price remains high (>$95) for the rest of the year i see no reason we cannot test GOBI, drill the updip of Gazelle and radial drill H2 without a further raise, > 500 bopd easily on the cards if we can do all three, also assumes we do "go it alone".

Gadgie, interesting thought re Petrovis, certainly they could afford a 20 million cash injection into MATAD, no doubt things will become clearer by the AGM time.

MK, i agree 100%, go it alone is the best "long term" option though i do realise many investors put more in here than they can afford and want their money back, hence so many hoping for a farm in or buy out of block XX.

The level of stupidity on this board is astounding, boots will have been on the ground at H1, H2 & Gazelle throughout winter, as for H2 we still need to pump the fluids out, will cost us a few hundred kW in electric to keep the pump going, H1 & Gazelle are producing, gauges need checked, valves adjusted etc etc.

CW, i more than doubled my holding at the last raise, no i will not be selling at 4p or anything close to that, the potential here is massive, i guess its a case of do you believe or do you not, only you can decide that.

You mentioned earlier today about your age and buying a motor home, i turned 71 last week.

I33, hear what you say that many will sell out at or around 4p ish and that many bought in at the raise price of 0.8p, thats fine, those shares will be bought by investors that see the real post refinery potential and our under developed block XX.

Increasingly desperate TROLLs gathering on the board, pathetic individuals with nowt better to do.

Farm out ticks the boxes for most investors.

Buyout of block XX (for right money) probably suits them as well.

Go it alone option suits those with a longer term outlook (like me).

Seanator, i tend to agree that hostilities will intensify, meantime its been reported today that there has been a drone attack against a nuclear power plant in the United Arab Emirates.

Admin have certainly become more aware and intent on ridding these lowlife.

https://www.proactiveinvestors.co.uk/companies/news/1083477/lse-reportedly-targets-wild-west-bulletin-boards-in-crackdown-on-market-abuse-1083477.html

While the TROLLs have been disrupting the board Brent has climbed to $109.30

"Hamm ; re why they may not have started yet ", Hamm, if you were selling your house and the buyer had done the survey and was on the verge of signing the deeds would you continue to make improvements to your house, i think not.

I think you can be sure the IRAN conflict and higher oil prices have also caused delay in the farm out, MATAD will not want to "give" our oil away if prices will be high for long term and the farmee will not want to overpay if the oil price is likely to fall back to $65 anytime soon.

SenatorPrime, if your willing to wait until post refinery there is every possibility you will see 13p and beyond, post refinery will see MATADs real value.