Member Info for bonum

Lol IK - note to self....'don't mention MATD' ;)

I have positions in MATD & BPC, as do several holders here - well worth the research at least.

See what you did, you made me mention them again ;)

In seriousness, back to solely BPC.

Have a lovely day my friend!

xx

Bought 2M more at market open - the company was 'priced to fail' previously.

Now, we have a free carry to drill by the end of the year - what price then!

Atb

This was transformational news - there's no disputing that, imo .

Many would not have been aware of it during the day, being released at mid day, hence I'd expect aggressive buying today.

I'll switch off from here for most of the day and focus on my MATD holding (dyor), which is where I'm putting any profits from other investments.

Atb & have a good day - be nice to each other!

In many ways, I'm most pleased for the Canadian holders with whom I always sympathised, having little recourse to selling stock with prohibitive gradations in price and lack of liquidity to do so.

All certainly looks better now.

"The market is finally giving hints of a bullish resurgence. Today a bullish pattern is detected..."

Flying mule, I think it was perfectly reasonable of you to expect a drop in the share price off the anticipation of the new shares entering the market.....and to add to your existent holding.

Indeed, the price did dip the day preceding it and was very aggressively bought into indeed - that certainly bodes well for the buoyancy demonstrated at the current level and with the knowledge of the solid underlying support.

I still believe we may be getting some relinquishing of stock at least, from the Family Group, albeit likely very measured and accommodating an extended timeframe, possibly through drilling - that would obviously have a negligible effect on the share price.

What we have seen is the strong underlying support on a very closely watched stock and the aforementioned 'bullish resurgence' that technical indicators suggest.

We've also had much needed consolidation of the price, which may now be primed to move up to a higher price range.....and given the very real prospect of a further News announcement on the potential Stena /BPC JV.

In my experience, indications of those sorts of deals aren't mentioned in official Company reports unless they're already progressed and moving towards some form of conclusion - also given the emphasis in said reports of further exploration of 'less dilutive' means of progressing the drill / drills.

I think this BB will see a lot more 'excitement' soon enough.

Atb & have a good day all

All part of the underlying Uptrend playing out and MATD being very undervalued atm.

We've obviously had the Covid situation which slowed down the processes towards issuance of the Exploitation License, which would have been received by now, according to Mike Buck.

We can now await its issuance at any time, secure in the knowledge that we have an existent high quality asset underpinning the still discounted price level here.

Those referring to previous production levels in Mongolia miss the point that this is now a new age of exploration and support in such by the Mongolian govt. - refer to the $1 billion dollar new refinery built.

PetroMatad, along with its largest Mongolian shareholder, are part of that future.

Atb & have a good day

Hello Celric, I think the best advice for reasons to invest, would probably come from the CEO himself.

Mike Buck is a very experienced & respected oil man - here's a short 16 min interview conducted quite recently.

https://youtu.be/M--ZStYBlT0

WhatI will say is that many of us are expecting much more significant gains going forward, for reasons Mike Buck mentions.

Atb

Late RNS release and a profoundly important breakthrough for COPL to unlock the major potential here.

Atb & have a good evening all

The ghost of Alan Burns..... ;)

Regarding the price movement if the relatively low share issuance -"Of course, that will work in MATD's favour on increasing interest in the stock as we're seeing."

Atb

Hello Ojay,

I think partly it's due to MATD having been generally overlooked by the Market to some extent and the relatively low share issuance impacting the price harder downwards during the Covid / OPEC issue.

We could get the License at any time now and especially with Mike Buck being 'very, very confident' prior to the whole Covid lockdown.

It's with confidence knowing that when people do research the underlying investment, they're shocked at how robust it is - especially given the much lower risk associated with having an existent oil asset ready for monetization, as opposed to many purely speculative explorers.

MATD stands head & shoulders above most other investment prospects in the sector, hence the confidence in a progressively much higher price level being reached.

The actual Exploitation License RNS will be transformational in itself, along with the underlying Uptrend here.

At

Of course, that will work in MATD's favour on increasing interest in the stock as we're seeing.

"I think Mr Potter has a few surprises in store!" -Let's hope it doesn't involve nudity PoC! lol

In seriousness, I suspect a deal with Stena is perhaps more advanced than we realize by the statements regarding their potential increased involvement, in the Company statement.

Oftenthose are stated as a precursor to conclusion of ongoing discussions

Hopefully that RNS will be forthcoming soon.

Mr. P - MATD also at just the start of their major Re-rate back to their previous 50p+ levels.

Your wife will be very happy indeed.

Atb

I also think we'll get an RNS re: Stena's increased interest!

The RNS was released at mid-day and most will be unawares of it at this time.

Bigger gains are to come over the coming days, inho.

Atb

Price looking buoyant around these levels and a well needed consolidation taking place.

It'll be interesting to see how the next leg up plays out and looking towards reasonable expectations of a much higher price level going forward towards drilling etc.

I know a Super major (along with Majors) is still there Lallee andaccording to the company statements on such. I assumed it was the same party to the exclusivity agreement.

Possibly not and another party altogether.

Atb

For holding the fort here over very difficult times & despite our differences at times.

This is just the start to unlock further price re-rates.

It's going to be crazy here over the coming weeks, so I'll be staying somewhat in the background.

Atb

and as some of us had reasonable expectations of - of course, this is just the start of the Rise we can expect, which h should far overshadow the current share price.

MATD is also doing well and certainly expect the same 'overall' rises there.

Many if thosetrying to actively 'trade' the share have no doubt been caught out and most of the Market will have missed this Transformational RNS, given the timing of its release at mid day.

Watch tomorrow & next week!!

Atb all

Zak Mir's technical prediction is 0.2p upside, which is over 100% gain on the current share price!