Member Info for Adw198

Did you mean to call “Mr”ADW before by the way? The same phrase WOS used to use?

Or was it another error like when you posted a message in Chinese, ie you forgot to post the Google translated version?’

Because you’re using an anonymous username which doesn’t reveal who you are? But in anycase YOU were happy to share that you’re from Aberdeen, own a campervan, own a house in Spain, worked in oil offshore and are now retired. You also told us about your top ups at 1.73p. I don’t believe most of that but it’s what you claimed.

But sure, if you’d rather remain private that’s fine too.

Go for it Abzzba.

Just don’t whine like gravy when I reply and correct you mate.

Hands up on a message board :)

Unlike anyone else I shared my buy so there’s no doubt I’m invested. Whereas you lot can’t tell us how many and at what average. Probably out of embarrassment

How many times have you referenced me today Abzzba? If you lot don’t want a reply stop mentioning me!

In Manchester they call me a man with a 0.7611p average. I wonder what yours is lads?! :)

Yeah I’ll discuss the company I’m invested in Gravy.

You’ll continuing offering literally nothing beyond barbs and weird questions mate. :)

Similar to what - current 160bopd

or the 500bopd + you repeatedly assured

us it would do?

I’ve always caveated my comment with so far, ie it might yet change.

If I was to look back to the day of the “disappointing” results I know for a fact you’d have been telling everyone how good that RNS was. You’ve done it every single time.

“Mr adw (i am no oilman) wants to discuss H2 failing, Hmmm.”

Ok so you mock me saying it was failing, argue with me calling it a duffer but it turns out you infact agree it was “disappointing”

Yes Abzzba Heron2 was a duffer. It MIGHT change but the day of the Heron2 results you’re trying to polish the SP was 2.50p.

It immediately dropped 35% in a single day and even that is more than double where we are now. It also led to a change in the entire company strategy to no longer go it alone - because to quote MB “we don’t want another H2”.

And still you claim it’s a success!

“Heron 2 being poor destroyed this share, if that had of produced a good amount we would have faith in the rest of Heron but now their is doubt 3-5 will be success”

Agreed. Although as I’m not an oilman (and don’t pretend to be) I don’t know the extent to which it does suggest future herons will also need suspending, but it’s certainly led to a change of company strategy and I note they’ve not clarified otherwise.

I dont think anyone needs sympathy Margs / Ten bag. I think people prefer company chat than your relentless personal attacks.

You remain the cancer of the board

It’s now a binary bet Kev on whether they can find a partner who fancies doing what we’re not able or even willing to do ourselves - drill Heron3, 4 etc etc.

He’s just raised enough to do that but obviously (and I’d say rightly) doesn’t want to risk it.

I suspect someone will JV or buy Heron, because everything has a price. But no it won’t be for a low ball $100m, it’ll be miles closer to the current MCAP.

Nobody wants to discuss the implications of Heron2 failing for the viability of the wider heron field.

Why might that be?

Yes I forgot the zero didn’t I.

Although 76p is only double your price target here isn’t it. Which is pretty funny. :)

You’d have to define trader Margaritas Tenbag, but yeah I suspect that deceives me. I certainly don’t want to invest years of my life falling in love with a company like it’s a football team I support.

Bought at 76.11p and hopefully sold when it fills its gap in the new month or so.

Investor is right, there’s no way MATD have the resources to get multiple producing wells, especially when the very limited resources are being spread across Heron, the new block and renewables.

The big question remain was Heron 2 an outlier, or is that what can be expected across the rest of the Heron field, perhaps even getting worse as they move further south away from Heron 1 and the proven OC field.

Why didn’t DQE defer last years drilling work for oil revenue and are they now more or less likely to do that going forward, having seen what H1 and H2 can (can’t) produce.

“For all their thousands of posts the BASHERs cannot come up with one solid reason why H2, Gobi or Gazelle will fail, their only weak arguement is " why has it not been done before" and thats it,”

Well let’s take Gobi. It was given an initial 85% chance of success. So there’s 85 reasons out of a hundred for a start.

“Strange that people come here from all over the place to bash Matad for sport, but if anyone here responds in kind it's, "intruding on another board"...?”

Who has come here to bash MATD for sport, mate?

Cheers Kev.

I don’t always help, but I agree it’s much better to talk about the company.

There’s some people who are here solely to getting involved in personal spats who you won’t see make any contribution to the investment pros and cons.

To be fair to Abzzba he does at least offer something on that front. It’s almost entirely completely wrong but at least he tries.