Member Info for Adw198

1. Raise to expedite the work, giving some more details on what the 2025 work plan will / might involve.

2. Do the work on H1

3. After a short period update with the new flow rate.

4. Depending on success of 3 (and size of 1) crack on with the other work - none of which will involve bringing another well to production as that’s too expensive

Only an opinion and we can look back on it like we can all other predictions people make so don’t get angry folks

Velo is another one who got the flow rate (amongst most things) completely wrong, yet still pontificates like an expert. He went for a “conservative” prediction of 300-500 and thus completely mis forecast the revenue too. Not a biggie, just a reason for a little more humility.

Nobody knows what remediation they are going to carry out at H1, how much it’ll cost or what the end result might be.

It’s crucial to the company success because clearly every uplift will help the short term loss making position and just as importantly make it more viable / desirable to a potential partner.

Thorn and Velo told us to expect between 4-10 producing wells this year. There’s currently 1 with no indication of any more planned. That’s not company ending, it’s just reflective that partners will want to see what Heron can actually produce. That’s where the risk currently lies imo because the same reason nobody want to partner atm might still apply next year. They’re basically trying to make the field look more enticing. That should be no shock or a contentious statement and if there is an offer now it’ll be on the basis of what the field has shown so far, not what the discredited fantasists tell us what they hope happens.

You were doing well lads keeping me out of it but Investor (the one who complains about goading couldn’t resist naming me again. Same fella who was mocking me a few days ago…

“And if ADW's story happens to be true, then all he needed to do back in November was hold, and by now he would not have lost his £4k, and may even be in the blue by now - and with lots more to come most likely. Unfortunately he believes the nonsensical rubbish that he spouts about the company, and he knows so little about investment that he didn't understand that he MMs always heavily mark the MATD share price down just before the winter shutdown begins. DOH....”

My 1.81 sell isn’t looking so bad again now is it mate, like hasn’t for probably 95% of the time since the sell - unlike your investment here.

What really made me laugh was you claiming you’d topped up at 1.70 in the last few weeks.

Given your 1 and only bit of analysis here is that it dips every winter and then rises in the first few months of the year, why didn’t you follow your own advice? I suppose drowning underwater cuts off the oxygen to the brain! :)

Investor you claimed Doc predicted a 1.90 finish when the share price was 2pm. That’s patently false. You either didn’t have a grasp of the facts or deliberately lied. Then you seek to discredit what was an excellent prediction by saying it’s actually 1.925. Jesus wept how un objective can you be, especially given you were talking up MM lack of stock after which the SP dropped right away. You’ve absolutely lost your mind and spend your days doing the filter okey Cokey.

And gravy has gone quiet since his one attempt to discuss the company was fact checked into correction within 10mins.

This board never ceases to amaze me in terms of people’s lack of grasp of the basic facts.

The raise will be a great day and the beauty is you won’t hear from again if you just stop goading me. Perverse lot though aren’t you!

What did I get wrong thorn? The current revenue doesn’t match expenditure - surely you don’t disagree? I strongly suspect it’s coming imminently and will be badged as allowing remediation to be expedited. And you’ll be delighted when it does come having sworn blind there won’t be one.

@gravy pretending to be amused when you’ve spent months in meltdown a lot me posting and now actively seek my comment :)

I’m “now” more confident than ever of a raise that should read.

The company isn’t self sustaining.

Evening gravy

I’m not posting unless addressed so don’t moan about me posting when you call it on.

“To correct you, a sand screen is almost certainly what will be used to increase the output of H1 by multiples of what it is now”

Based on what, the discredited claims of Abzzba?

This is the latest comments from the company -

“Pressure data is being acquired to facilitate production analyses to determine what modifications can be performed to increase the sustainable production capacity of the well.”

They’re looking to see what they can do - you’ll note absolutely nowhere is sand mentioned, let alone multiples of the barely 200 barrels it’s been producing to date.

I reckon the May windfall will be circa $1.1m. I’m not confident than ever they’ll be a raise and think itll be in the next few weeks.

I see investor has been lying again. Docs SP prediction was made pre opening.

Investor must be desperate for me to keep posting!

“He's obviously seething because he blew 4k for nothing when the MMs scared the pants off him in November last year”.

I called it an excellent RNS today. I also expected it.

I sold based on the news last November which was very bad. It’s gone up today because the news is very good - not because of what season it is.

There’s no way this company is self sustaining based on 200bopd so I’m still not buying the business plan which is now entirely reliant on finding someone with deep pockets. They may well find someone in which case it’ll fly. In the meantime they’ll need more money imo so it’s not for me. It’s a game of opinions, learn to respect others well reasons ones.

I’m very relaxed about the fact it’s currently higher than when I sold. Hopefully you’re equally relaxed with the facts it’s considerably lower than your average. 6 years of your money being tied up and still down in a time of inflation. Never mind we all make mistakes mate.

Thanks for the update Investor. Another one who tells us after a rise that they topped up.

Get off the high horse about goading you literally came on mocking my losses (that I was honest enough to share).

Fortunately still less down than you though and not had cash tied up for 6 years.

And to correct you there are no plans to implement a sandscreen, they’re looking at the options - they’ve not landed on that yet as per the most recent RNS. So if you’re going to give some a lecture about research get yourself on a stronger footing.

Anyway, as I say an excellent RNS.

“And I wonder if ADW's story is true, because if so he lost £4k for nothing”.

I only gave the £4k figure on Friday and I’m apparently filtered!

“Basically he fell for a MM shakeout in order to create the increased liquidity for when they want to start buying in again, and which normally happens just as the winter shutdown begins”.

No it wasn’t a shakeout it was a market reaction to a terrible RNS. Just like today’s rise is due to an excellent one. Fundamentals my friend!

Investor out with his personal attacks and will no doubt be offended with a response

“And if ADW's story happens to be true, then all he needed to do back in November was hold, and by now he would not have lost his £4k, and may even be in the blue by now”

I don’t regret my sell - I still see a funding issue. Do you still regret buying though as you’re still well underwater, having tied your money up for 6 years.

I’m still confident of a raise indeed it’ll be sensible to give this re rate. So confident I won’t post until it does - you just need to all not goad me or I’ll come back to correct any attacks / misrepresentations.

Seriously good move this though and back with volume. As I said “Excellent RNS” and a material SP reaction.

Ha nice try thorn and Proquo.

“Massive de-risk here with today's news“

According to you there was no risk and the signing wasn’t a big deal chaps. Those of who said it would be great news are being proved right with the material reaction to the SP. Like we were in thinking the most likely reason for the delay was just PC being slow.

Anyway, as I said “Excellent RNS”.

Excellent RNS that - especially the fact the payment will be made in May and that there isn’t a need for an export licence (which nobody was sure about).

It seems WOS was once again wrong and this was material news as a few of us tried explaining.

Thorn is now saying he “had been wondering if Mr Buck, being ever the cautious one, was waiting for the formal sign of on the Sales deal (thereby providing a large income lump sum and reliable oil revenue thereafter) before pressing the button on the Heron 1 makeover/sandscreens?”. That’s interesting because that’s what I actually said and he never once said that. Instead he told us to wait for the red dot confirming the fixes had been made. Thinks one thing but says another, it seems.

And yes good point Doc, all those confident assertions the delay was linked to a JV / field sale were wrong.

I might be wrong myself about the raise given the quick payment but we’ll see - I suspect we’ll get one on the back of the is SP boost.

More poor comprehension Gravy.

Re read it and tell me (if you can actually answer a question) who is the one doing the hassling and stressing?

It’s not me mate, I’m not following you around the website out of frustration telling people on other boards how “unfair” you think it is. Just because I post my “forensic analysis” on a company you’re underwater on.

Despite the fact I’ve answered exactly that point repeatedly, at length and as recently as Friday.

You don’t think an anonymous stranger from the internet who you’ve ever met should post “forensic analysis” about a company on the company’s message board. Noted and understood.

You’ll just have to find your peace with it buddy. Stressing and hassling me daily about it doesn’t help anyone.

Genuine shareholders should be interested in discussing the company finances and future work plans.

For whatever reason(s) Gravy you’re unwilling / unable to engage with such chats.

How do you know I’ve lost £4k?

Because you asked me, I answered and you believed me (it’s true btw)

So if you’re happy to take my answers go back and read why I’m here. Or better still stop trying to be a gatekeeper and just tell us something about the company.

@gravy

You’ve just said / asked

“ADW, you've had all your questions answered at length recently and repeatedly..

Why are you here repeating them on a Sunday ?”

My answer to your question is the only question I’ve asked today was sarcastically asking ‘Has anyone got some examples of future events that have already happened?!’, in response to your mate Tenbag’s laughable comments on a possible FUTURE raise.

So my question back is why are you lying about me asking questions, or are you just so triggered you don’t even bother to read what I say? You’ve also still not answered how much you’ve lost (on paper) here despite me answering you asking me the same on Friday.

You’re what - a 50 something year old bloke who comes on here to just tell people they’re not entitled to discuss the company because you can’t handle their opinions. What a sad life you must have to be so rattled by people giving their views about MATD on a MATD forum. Is that why you lied about not being down here? We both know that’s a lie baked in insecurity and a fragile ego.

I’ve (only) posted 3 times now and 2 of them were answering your questions of me. One way to get me to post less is to stop trying to cross examine me buddy.

For all the reasons I’ve already explained at length, repeatedly and recently.

And also because stalkers like you keep asking me questions - which unlike you I have the confidence and intelligence to answer.

It’s an open forum, it’s not at your discretion who is / isn’t allowed comment - I think someone as fragile as you would benefit from utilising the filter option tho mate.

Ive been ignoring Tenbag as he’s clearly just a 1 joke bloke here to shout abuse and make some woeful attempts to control the narrative.

But his describing the talk around a potential raise as

“A future event that hasn’t happened” deserves some attention given its stupidity.

Has anyone got some examples of future events that have already happened?!

People are perfectly entitled to speculate about a raise, especially when he just passed a motion at the AGM to allow a big one. MB also called cash tight and conceded he doesn’t know when revenue will begin.

They’ll be a raise unless there’s a buyout and when there is all of you who were adamant there wouldn’t be one will be here saying how great it is. It’s how these boards and AIM works