Member Info for asher7

Yep slowly adding at this sp, this level will well and truly be gone come the end of the year gla

Proquo finally a sensible post 👏

The story here is about the drill and hitting the mother load,oil prices can wait if and when the oil starts pumping so still blue finish to many will want in now gla

Espen35 posted this today on the sinking ship gbp couldn’t make it up 🤣🤣🤣

Cyberton, there is nothing we can do about that deramper except filter.

Going be an exciting few weeks,can’t believe mangrove have left it so late or maybe just late reporting it who knows.

But back in to the 20’s this week gla

Velo totally agree and next week will be interesting once the numbers start coming in, cant believe the bashing this share has got the last few days with Matd making big strides going forward, made our resident nega look like weak bulls.

Anyway here’s to another 100 plus posts have a good weekend all.

Ps want make a few % have a look at panr very cheap but do your DD sorry for off topic gla

Morning doc dunna guess 2.2 never happened 🤣and I really hope lth’s get a good rise 👍

The 2 wells will bring us yearly between 18/20 million(depending on oil price)and don’t forget to add resources etc on top, perhaps do your homework before spouting 💩 just saying

Looks like Both wells will be on line before winter and I’m expecting a couple more rn’s next week gla

Thornogson

Heron 2 next 👍

They normally post on Twitter after a RNs so I suspect we will get one at 7 gla

They must RNs initial flow rates of heron1 and what it will be choked back to.

Also heron 2 flow rates and maybe a deal plus gobi and I sense the negs are nervous 😬

Ps good few days coming up 😎

Gusto1 answer a question why the constant deramping 🤔

Doc I refer to your 15.41 post question if this is the case why are you still here 🤔🤔🤔

Heron1 no production flow yet and heron 2 or deal or am I here confused 🤔 gobi results I must try harder 🤣

Ps negs on steroids 😎

Close Gusto1 it’s going to be very painful

Adw198. Feckin 🥱

Production probably has already started let’s keep the bb healthy that the money is starting to roll in $$$$

Ps gla holders 👍

Morning, as a shareholder tomorrow is a monument day in Matad history going from exploration to production.

Hopefully a RNs tomorrow saying production started today so let’s have a blue day gla

Adw198 you are one sad f c k e r if you want to spend your day off on here and I’m of the opinion that you are spamming also on steroids and have massive issues with Matd.

Yiu both need to get a room 🤡

RAY

you obviously haven’t scrolled back enough today velocoraptor 5.11. 6.11 this morning 👍

That flow rate won't be expected on production. I have been very conservative on purpose, modern frack.amd we may see 500 bopd. There is plenty of blue sky. I just don't think the company is selling the story very well currently. There is A LOT of oil and its cheap and easy to extract.

The government wants an extra 84000 barrels a month for the refinery. That's 166 wells at 300 bopd.

Block 11 and some of the earlier drills probably warrant further testing in time once we have steady state production of 1500 to 2000 barrels a day.

elocoraptor

Posts: 54

Price: 2.425

Strong Buy

Important note re PSCToday 05:11

I have been looking back at the PSC and our expenditure.

From my calculations we have spent about 20M on getting to production. Under the terms of the PSC, and as i read it, we will not have to pay any PSC payments for at least 1 or 2 years pending Heron 2 coming online (if and when). Then 3,4,5,6 etc

Revenue (per well) will be 650000 USD per month (less minor costs)

Assuming 70 a barrel and 300 a day production

Let's assume we don't get Heron 2 on production until March .

So our revenue will be

December to March 650000 USD /month 2.6M

April to December 1300000 USD /month 10.4M

December to December 13M USD

ZERO PSC payments due.

Add in Heron 3,4,5,6 (one well every month) another 650,000 USD a month.

30 million ish barrels recoverable @70 a barrel = 2.1 billion dollars in oil in place

@100 oil = 3 Billion USD

@150 oil =4.5 Billion USD

This is off one structure in one block

Add in massive renewable projects (shovel ready 2025)

Pipeline to new refinery 2026

Fast forward Dec next year and allow a bit of blue sky

10 wells 300 barrels a day $100 a barrel oil.

100M USD revenue

Current market cap 36M pounds.

STRONG BUY , you better believe it

The poimt is , the numbers are pretty staggering for a 36M market cap company