Member Info for Adw198

I have no idea who professional is.

Whilst I like a typo, I’d like to think I write a little better than those examples!

But if he called a raise ahead of a $9m raise at a 45% discount (presumably whilst taking abuse for an opinion) then frankly who cares who he is, or even his motivations.

This board is full of evangelists who would only benefit from varying their diet.

In 2 months we won’t be hearing humble reflections from those

who dismiss the POSSIBILITY of a raise, because those people will instead want to tell us why it’s so good. Especially if the CEO throws another relatively modest amount at it with a monster discount.

Dozzerwba another one getting very angry about the content of comments he claims not to see.

No wonder his social media was just a collection of posts signing Tommy Robinsons praises.

Intellectually and morally bankrupt.

Ha, yes I do spend too long here.

I WFH / very flexibly and also do a lot of long walks with the dog, during which some of my posts are sent.

Tenbag probably knows what type of dog as he claims to have my address :)

A WELL TEST doesn’t bring it to production WOS.

See Heron 2 for an example.

So as well as paying for the well tests there would be more expenditure before Gobi (as an example) could feasibly generate revenue. That’s my understanding, if it’s wrong I’ll happily be corrected I’m not an oiler I’m taking my info from the company statements

No Abbza that’s not what happened.

I corrected thorns assertions we were fully funded for a makeover on all 4 wells. You took issue with me challenging this saying of use the wrong panache when re”quoting” thorn before eventually accepting we weren’t fully funded and that you had no idea what work was required or how much it would cost. You threw in a few confused insults along the way, befitting of your blue collar education and intellect.

It’s costs $4m for a producing well.

Gobi has had$1.5m they were very specific about that. Therefore to bring Gobi to production i estimate it’ll cost another $2.5m. I doubt it’s quite that straightforward so perhaps it’s a bit less or more. I’m using it as a ballpark. I’ve previously estimated (with accompanying rationale) how much money we correctly have - i strongly suspect

I think you’re in the chair first mate - you answer my 4 questions please.

I’ve given my logic but after you’ve explained your latest wave of contradictions I’ll happily discus my logic and figures.

You’ve just described the work as low cost and said it can be funded without a raise. So perhaps that was from the same crystal ball you use to assert the SP will treble by June :)

“Good point of the *low cost remedial work* on our 4 already drilled and cased wells (one already producing) is the ease and costs involved and the fact we *should be able to work on all of them without a fund raise*”

But according to you nobody knows what work is required and to provide an estimate made me an “idiot”?!

Happy to hear your estimate of

1. current cash

2. the work required on Gobi,

3. what that will cost

4.current cash burn is per month.

From your answers we’ll be able to decide for ourselves. It’d be helpful if you could use the same numbering system, cheers

They aren’t funded to be brought to production is my opinion. I’ve explained why.

You’ve acknowledged there is no plan to do that, you don’t know the costs required and yet still claim they are fully funded to take them to production - despite also not knowing how much case the company currently has.

The raise will hit you hard.

Good / fair summary there Thorm I think you’re accurately called it.

Abzzba

Instead of knee jerking into acting a jerk why not spend the time

to properly read what I said.

“The other 3 (H2, Gobi and Gazelle) don’t have a plan and they aren’t funded to bring any (let alone all) to production”

1. There is no plan. This was agreed by us all over the weekend. If you think differently tell us what the plans are for H2, Gobi and Gazelle.

2. They aren’t funded *to be brought to production*. I estimate Gobi would need another $2.5m spent to be brought to production. The money isn’t there for that given they only had $3m at year end.

Keep trolling if it makes you feel more secure tho mate

“All parts/plans moving forwards and fully funded”

The only fixed drill plan is H1 remediation. Yes I imagine the few hundred thousand for that is fully funded.

The other 3 (H2, Gobi and Gazelle) don’t have a plan and they aren’t funded to bring any (let alone all) to production.

Thorn knows this but would rather others aren’t aware so makes false claims

“Doc and the gang are suggesting 200 bopd is the maximum MATD will achieve here“

I’ve said the opposite. I specifically expect it to increase. Just not to what its maximum was 5 years ago.

The company haven’t made any revised predictions on their expectations, it’s just Abzzba and the lads who insist it’ll be multiple of the 200bopd and attack anyone who queries

“already explained multiple times where the cash for these works will come from”

You haven’t, you accepted they don’t have the money to bring H2, Gobi and Gazelle to producing wells.

You haven’t given a single figure as to what each of those would cost. By my crude calcs Gobi alone would need another $2.5m. I’ve explained why, whilst acknowledging I might be wrong. There’s a reason the company haven’t made the absurd claims you and thron tried.

Anyway, you can’t either accept my offer re a placing or continue to contradict yourself and shouting abuse.

WOS, where did you get the “ NO PLACING” claim from?

If it’s just an opinion , fine. Please equally accept as reasonable other people’s opinions that there will be one.

But if you Thorn, Abzzba and Tenbag are so adamant there’s no possibility of a placing this year I’ll do you a deal. If you all agree, I won’t post again until there is a placing. But if / when there is you don’t post again?

Yes Abzzba id probably agree that’s an accurate description of what they hope.

You can’t describe yourself as fully funded to do work in 4 wells when you don’t have the money but instead HOPE to generate some throughout the year and then might access a loan.

They aren’t fully funded which is probably why the grown ups at the company didn’t use that phrase to describe the work. Although the work itself isn’t even defined so how could they.

You’ve been caught telling porkies lads - it’s just whether you really believed in yourself or are trying to mislead.

What is it you’re claiming they’re fully funded for then Thorn?

Might be easier to clarify that was a slight mis speak and we can leave it there as you’ve confused Abzzba he think you meant to bring them to production and it’s triggered him and WOS

Yes WOS I agree the company haven’t referenced bringing those wells to production because they know they can’t afford that. So you’ll have to explain to Abzzba why a well test won’t lead to more revenue like he claimed

I agree we’re fully funded for the H1 work.

None of the others can be brought to production based on what’s in the bank. So we’re not fully funded to do work on all 4 and it seems despite the usually pantomime and sneering comments YOU AGREE with me.

Welcome aboard Abzzba. You should’ve corrected Thorns absurd claim yday.

Yep we established $4m for a producing well.

You’ve said

“From the money in hand as of today MATAD are in the position we can work on each of these 4 wells this year, some of the money required may come from revenues generated by H1, Gazelle and/or H2”

But you also said

“For info i do not believe we have enough cash in hand for all the above“

How much are H2, gazelle and / or Gobi going to cost to bring to production? If you have a good estimate please share. Yday you conceded you’d didn’t know so you appear a little confused with your own thoughts. Just share the figures and clarify what you actually think please.