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ABZ l know making sure your awake, your dreams still need larger numbers

reperforation as you say may work or not, initial wireline logs showed three zones, dst 1 did not flow well, dst 2 flowed well and above expectations of the basin which is where the oil is flowing. but it's the high pressure which made the well unstable so flow rates reduced. i am not no oil man but reperforation of the same zone would cause the same problem or there testing third zone. i could understand if bottom zone was water logged then they could cap off and perforate next zone above. i am guessing it's the high pressure and getting the well balanced, we shall see. seen the same situation on several wells with tpx with high pressures and big decline rates, knackered the share price, so they for there reporting there only using rates when the well is stable, much like has gone on here as it dashes shareholder sentiment, it **** sometimes.

Stock, all that said here with perceptions and resources and expectations are true in whole and part. But the kick is the outcome. Different blocks under different companies makes disposal of each asset easier financially to sell. Probably billions of barrells of oil but which company has the mineral rights. The risk is where your money sits.

Lose in accounts 31.12.23 $5,926,000 that's 500k a month, how do you get monthly figures from,idiot.

So how are you paying for your dreams.

Read the bloody accounts in profit and loss or source and application of funds, so where is the new revenue coming.

If those funds are not found then the share will be out in suspension by the accountants until revenue can be proven which is the info we are waiting for.

Last accounts Petro was burning through half million dollars per month add on that drilling a well between 1.5_2 million. Even if they sold the oil in storage only comes to 600k. Selling current production of 200 barrells per day at 40 dollars only generates 248k, there's not enough cash generated to cover 2 months expenses. Unless they issue a equity raise of at least 6 million or given some free cash expenditure is not covered going forward. Gobi 1 proven it may be in the ground but difficult to get out. Company has some stark choices cash wise. Will a farm in excite on 200 barrells a day, l fear not and a loan difficult to justify to bankers on 8 years. As for Borzon seismic is week at 2D. Dream may be completed but it needs a large amount of cash.

If ceo had 100k buy would normally show as separate RNs which not seeing, unless part of retail offer and disclosure not needed, happy to be corrected.

Mr Buck will have more on his mind than to satisfy us and the auditors will be producing the accounts to December 24. Last accounts stated they have cash to July 25. The auditors will be looking at Going Concern as a priority and as such it needs demonstrable proof, signed paperwork illustrating revenue and cashflow, oil in tanks is stock and not proven revenue so lots on his plate. So any bullish statements here has bearing on the final accounts, all will come down to cold numbers which the market will go forward on, unfortunately.

ADW, another way to look at this if you were to marry would you marry a independent women or another women with baggage ie say 4 young kids.

Why is Borzon under the control of the energy company and not the parent. If you sold the assets of the parent H1 and H2 it has cash to settle what. Energy arranges it's own finance and become independent on new block. Crazy idea food for thought.

Abz, I was talking of gas wells but same applies as well as H1 has a mixture of both, if went the other way in cubic metres, may confuse you. If you 800 barrels a day after six months then may be we would not be looking for a urgent red dot. As for aka idiot, may wife called me worse. Rather than name calling add some meat to the bone, as I like numbers not hype.

ADW seen other wells with high pressure flow 8,000 boe first two weeks, as they stabilise well flow rates dropped to 4,000 boe, then a further decline say 25% then settle down after a period of time, very easy to get excited on early news.

Be glad of a lay in rather than waiting for red dot at 7.

thorn, if you go with your numbers, the cash position end june 23 and june 24 with the equity raise included on rough numbers they got through one million a month which covers everything. so end june 24 three million in cash and asset and latest equity raise 9.4 million total 12 million, then nine months expenditure to march 25 very 9 million, balance end of march 3 million ( *** packet calcs) . so there is a sense of urgency that heron would need extra funding on top in some way h2 is borderline, that's my take, not asking for agreement just a view.

WOS is right great opportunities ahead and stock, funding needed. So the routes open, RBL, loans, sale of assets or more equity dilution. So if one of those going ahead to which one of the above or both will the split in funding be made. Both Petro Matad Ltd and Petro Matad Energy Ltd have their own legal identities and can be sold or expanded indepedent of each other. If Borzon block is being explored and signed under the subsidiary Petro Matad Energy Ltd then it will need significant funding from the parent until self-sufficient in cashflow.

Ideal, Heron output complements both rather than seek further funding but that may not be the case and yes my small holding is showing loss and i dont like ramping.

Velo and the matadors here to sort the bull and MMs with the spread.

Glossary

Reserve Based Lending (RBL)

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Glossary

Reserve Based Lending (RBL)

A type of asset-based lending (ABL) commonly used in the oil and gas sector, reserves-based loans are made against, and secured by, an oil and gas field or a portfolio of undeveloped or developed and producing oil and gas assets. The amount of the loan facility available to the borrower is based on the value of the borrower's oil and gas reserves, as adjusted from time to time. The loan facility is repaid using the proceeds from sales in the field or portfolio.

In calculating this amount or the borrowing base, the parties consider several factors, including:

The level and type of reserves (for example, proved or unproved) as assessed by independent experts.

The expected price of oil and gas.

Assumptions about the borrower's operating costs.

Capital expenditures

WOS, since you bought me into the conversation, l read all you posts and l hope you get your divi,s. But you have some high value thresholds and tax to cross before anything or drill more wells with lower pressure wells with better permability.

TBT who said you cannot, l said you have to cover your accumulated loss, before divi. If your £140 m is so easy, why are you selling your main asset, if life is so easy.

So if you manage to sell your main asset for £140 million what will your shareholders get and why, if your clued up here.

GT, people talking about getting dividends and special dividends being offered. Which is not true, eg make £140 million profit then may be yes, they can do a distribution. Thats entrapment of new investors not informed, yet not picked up by LTH who should no better. Yet all our LTH in my main investment as stated by investor all aware when divi will be paid when £19 million loss is covered and profits beyond that point accumulated and future drills covered, it's called cashflow. I hope that covers the point.

All my history this there, bought from 20p. Where is the stock bashing, called out your misinformation, many times on MATD, have l offered any advice on buying or selling on MATD, no. Did you learn anything on your research, discord maybe. Picked up on a spelling mistake, oh god another sleepless night. LOL