Member Info for Adw198

Hi Unnd

I hadn’t but thanks for sharing, I’ll check it out.

I’ve never actually given a valuation, I just said if there was an offer of £20m and the alternative was a raise at 0.90p it would be a hard choice. I stand by that, as I do my belief that of course the circumstances and resoruces of the selling party will be considered by the purchaser.

And I definitely disagree with there being any chance whatsoever of Heron being sold for a billion dollars. Infact we can half that, half it again, and again and still it’s not likely imo.

A buy out would presumably be staged in any case, with more coming based on production. Sadly whatever upfront hard cash is received will simply be redirected to new blocks and renewables.

There’s a mix of very naive and very disingenuous posters here.

AIM is indeed terribly regulated. So many bad faith actors in the cesspit and very few investable sustainable companies. Mainly rainbow chasers promising jam tomorrow whilst tricking Retail investors to keep the lights on ahead of the next fundraise that the city boys will make easy money from.

There’s no way some of the posters here aren’t in some way connected to the company. I know for a fact that stuff goes on because I took legal action about it elsewhere.

It has flown on no news a few times - including from memory 45% in a day earlier this year.

The rises tend to be unsubstantiated and the falls based on bad news.

So if there’s manipulation and game playing it looks to be on the upward movements.

“Notice that the Envoi report also mentions that there would be an expected INITIAL 200 bopd from Heron 1”

I did notice that. Odd Abzzba didn’t share that when he was telling us to expect MULTIPLES of that figure. Also noteworthy the company guided 200-300, and were now actually on 160.

Almost like that report isn’t that bang on in reality isn’t it.

When we say the oil is there, if I’ve understood correctly an estimate of the amount of RECOVERABLE oil has been made - based on the 2019 drill of Heron.

That ESTIMATE has been made with a 100% range, ie it started off 25-60million barrels, and it’s now something like 33-63.

So actually things do change, it seems.

The question is how many are now ESTIMATED to be recoverable now there’s more knowledge of the field and most importantly at what cost. Eg there was recoverable oil at H2, they just said it wasn’t commercially worthwhile to extract it. In the same true at Heron3, Heron 4 etc.

These are genuine questions, I don’t know how it works - but I do economic realities outweigh geological theories.

Certainly seems odd to have such an apparent gold field but instead divert out very limited resources to Renewables and new blocks.

WOS used to quote Zeus (and Cancer whenever he’d been exposed lying) a lot too. Funny old game!

Zeus always get it wrong, although unlike MATD I’m sure at least they get paid for their invoices for work like this. They said the company was fully funded for growth at xmas, after which the company paused all work due to being skint.

Enjoy your day off real pro!

Real pro, tell us what you know about the “same ones brandishing cancer threats”?

Who and what are you referencing?

Hi master

https://www.petromatadgroup.com/wp-content/uploads/2024/07/Corporate-Presentation-10_07_24-Petro-Matad.pdf

The above seems to show the plan was to step out further south from Heron 1 st broadly equal intervals. I don’t know if that was a bad idea, but if the nearer the better then I guess at least the sequencing is at least logical. That’s why Heron 2 knocked my confidence so much - it was hardly on the periphery.

Investor best ignored now.

In terms of the well distance - they explained they didn’t want to be too close to Heron1 to avoiding taking it from the same trap (im paraphrasing).

But if they’d gone say 250 away from heron1, then 250 again - don’t they end up at the place they drilled Heron 2 anyway?

“And I still haven't stopped laughing yet at our " resident expert " on here calculating yesterday evening that the value of the oil under the ground is worth 60 cents per barrel ( or 45p) I'm not sure that you can even buy anything in a supermarket these days for 45p...Lol.“

You weren’t laughing last night mate, you seemed pretty rattled. And then today’s drop to deal with whilst you give us such charting nuggets such as

“a chart is no more than a visual representation of the price action of a company“. Wow.

As for the above valuation, it’s just an utter lie. I gave no such statement. Quote what I said and I’ll discuss it, but otherwise it’s a waste of the boards time. There’s enough comedy on here where you’re concerned.

6 years and over £20k you’ve wasted here :)

“gives us 70% of the 1.7 million that was due”

They received 810k in actually cash, because from the $1.1m from PC they had to pay royalties and Mongolian government 300k.

Presumably if / when PC choose to pay the remaining circa 500k, MATD will also need to pay the royalities and government share on that bit, perhaps giving circa 300k. And that assumes a happy path of ZERO other additional taxes which PC aren’t sure about the Mongolians can’t answer in a month.

So $1.1m for 6months oil production. And now it’s declining each quarter.

Enjoy the good news :)

“Manx - look at how many buys there were bad how many sells there were today.”

And guess what, if they put the price to 10p there would be a flurry of sells and no buys.

If it’s such a suppressed and manipulated buy you’re free to fill your boots. Why don’t you do that?

Agree Manx seems one of the good ‘uns here and wish him the best - although if he really holds 12million shares he’s got more money than I ever will and doesn’t need my tea and sympathy. :)

Aquisace - I think I missed your arrival and here, so don’t understand your history / interest but bear in mind there are probably some good people (like Max, who you were quite rude to last night) so wind it in a bit (please)if you don’t have anything company specific to say mate. That said I also love the losses the vile ones here are suffering!

I was surprised by the extent of the fall - some payment is obviously good news. I’ve still not worked out the numbers and I didn’t see much analysis here.

I wonder how the twin telegram groups run by former lovers Tenbag and Tt1981 are holding up. Probably about as well as the latter’s top ups. Another RNS he insisted was brilliant and another massive drop. Sometimes it pays to at least consider other views.

How’s the 1.55 chart support holding up Realpro?

Even in a very crowded field, your particular “character” has been one of poorest attempts to relentlessly ramp the stock. You were immediately spotted as a reincarnation of WOS and caught out lying about your knowledge of the company. Then this latest massive drop whilst you give a running gleeful commentary on a war.

Lovely!

“To repeat - if market sentiment as reflected via supply and demand was the force really determining the share price”

Jesus his stupidity has no limits. Demand at 1.30 is different to demand at 1.80!

I’ve never really been that critical of MB, we don’t really know what he’s up against / doing.

I think it’s fair to question whether a $9m raise to diversify into renewables at the exact time money was needed for producing wells on Heron was sensible. Same with Gobi.

But in fairness I suspect he knew all along that Heron wasn’t the multi billion open goal asset some here claim. It’s probably why there were never any projections shared on how much capex it would take to get 5 producing wells per well, or what they might bring in revenue wise. Most here had no idea what a well cost, or the likely success rate (based on PCs field)

I do think it must be acknowledged he had literally years to sort the sales agreement with PC and here we are only just receiving first revenue 9 months after production with 30% withheld on a whim. Yes he’s holding the weak hand but it’s been a terrible outcome and it’s happened on his watch, for which he’s highly paid.

And the forthcoming raise will almost certainly be terribly timed.

He needs to pull a full field sale out of the bag or he’s been a disaster.

Good point on nominal value Doc.

The bizarre thing here is that “payment received” was supposed to be the good news. Results / a raise still to come.

I acknowledge that a further RNS confirming ALL payment received and tax issue settled might be a positive catalyst but can’t imagine that coming soon and as covered the figures are pretty bad anyway.

Unless he’s got a rabbit up his sleeve, why he’s raising from this base is very odd. I do wonder how “extremely difficult” he’s finding it to raise with his back against the wall and little sign of material positive updates.

What’s interesting is where is the oil we sent to PC? My understanding is they’ve now sold it, but are arbitrarily deciding to withhold 30% of the value, just in case the authorities decide theres extra tax to pay.

Yet despite that, they’ve give us the amount due pre royalty etc

“Gross proceeds of $1.18 million were received” (RECEIVED)

They then let us make good the royalty payable

“After payment of royalty and the government's share of the revenue, Petro Matad's net receipt from this payment is $0.81 million.”

Surely this shows it’s our job to pay the government their share?

Perhaps I’ve misread and they deducted the government royalty before paying us? Either way only 800k has landed, 5 months from being told the stored oil at that time was worth 600k to us. Was that pre royalties etc?

As ever, more questions than answers. Some might say there’s Fear, Uncertainty and Doubt here.

Others call it a tree shake, despite it being June when the MMs apparently always chase it up. Funny old game!

“The share price is controlled and manipulated by the MMs entirely”

Utter nonsense. The biggest thing that impacts the SP is news. This was fairly bad news, as it showed that the total income received for 6 months production only 800k. Granted there’s (hopefully) another 500k or 330k to come (probably the latter) but it’s nowhere near enough. Plus production has gone lower and lower since it started.

Being paid something was good but the figures are there to be read and digested now and are clearly miles off. Hence the price drops, just like it did when there was a delay to payment announced and just like it did when H2 was announced as a failure.

This is heavily loss making and the only plans for this year involve MORE spend. There are NO plans to bring more wells to production. Fair enough they references possibly using H2 to increase H1 production but that doesn’t sound imminent and there’s no guidance on cost or impact on production.

This is now an entirely binary bet on whether they can find a partner - and if they do it won’t be for the ludicrous values given here.

But if you think the stock market is entirely controlled by MM games then why on earth invest?!

Very little / no analysis of the actual numbers from any given the rampant rampers.

Please take note who told you this was great news and compare and contrast with what the market thinks.