Member Info for dai2belts

I have a spider that will be 15 years old, maybe 16 in Christmas time,

All the dying bee's I have noticed are covered in mites, removing them, feeding some honey usual works

Just create more inflation to shrink that debts real value..

Its been a long time since high street savings rates were above inflation... CPI 2%, savings around 4%

I have a few early buys that have dipped into the red, when they all do at the same time it looks like your account has been hacked by a seller ....and you wish you took the profit, but when you do you miss the big one..

Posted after the meeting, that gets the mind speculating

Odd.. 3x 500 sells, 1x 500 ?

============================

12-Sep-24 08:17:26 2.395 500,000 Buy* 2.35 2.40 11.98k O ?

12-Sep-24 08:17:19 2.367 500,000 Sell* 2.35 2.45 11.84k O 3

12-Sep-24 08:17:12 2.3675 100,000 Sell* 2.35 2.45 2,368 O

12-Sep-24 08:17:09 2.37 500,000 Sell* 2.35 2.45 11.85k O 2

12-Sep-24 08:17:03 2.37 500,000 Sell* 2.35 2.45 11.85k O 1

===========================================

13-Sep-24 08:06:09 2.32 500,000 Buy* 2.25 2.35 11.60k O ?

13-Sep-24 08:05:25 2.316 250,000 Sell* 2.30 2.35 5,790 O

13-Sep-24 08:05:07 2.30 300,000 Sell* 2.30 2.35 6,900 O

13-Sep-24 08:04:59 2.35 50,000 Buy* 2.30 2.35 1,175 O

13-Sep-24 08:04:59 2.35 425 Buy* 2.30 2.35 9.99 O

13-Sep-24 08:04:54 2.302 500,000 Sell* 2.30 2.40 11.51k O 3

13-Sep-24 08:04:30 2.31 500,000 Sell* 2.30 2.40 11.55k O 2

13-Sep-24 08:03:50 2.3235 500,000 Sell* 2.30 2.40 11.62k O 1

=========================

Not sure what to make of this mornings RNS, cost cutting exercise, including reducing total work force

The company providing the CLN must be wondering when they will get the opportunity to convert and sell into the market, mind you they don't seem to be in a rush either

Doesn't make much sense the majority are pocket money trades, with a big spread

Whopping spread too, is it a pump or something with substance ?

Did you notice the current Mcap is near that around Heron 1 when it restarted drilling after the land use dispute, and flow results in the chart.. Also that the gains on the results were no where near those earlier highs when everything was pure speculation..Maybe selling the news..

Also HL is the largest broker holding from Matd and He1, both looking like pump and dump stocks.. For both the broker profiles are very similar

https://www.helium-one.com/investors/share-price-information/#SignificantShareholders

https://www.petromatadgroup.com/investors/capital-structure/

Mmmmmm..

Why did they decide to drill Gobi instead of Heron 3 ?

Another raise next year for Heron wells must be highly likely, why use debt if you can raise from the markets and be debt free, especially if its just a few million

Https://youtu.be/QVBJVi-6gy4?t=628

12 Nov 2019, its the correct date, so must be the official update on Heron 1

Mike Buck, CEO, Petro Matad presenting at London South East's Oil Briefing

https://www.youtube.com/watch?v=QVBJVi-6gy4

https://www.petromatadgroup.com/wp-content/uploads/2019/11/Corporate-Presentation-11_11_19-Petro-Matad.pdf

Heron 1 results presentation, suggests 2 discoveries and only 1 duster

https://www.petromatadgroup.com/wp-content/uploads/2019/11/Corporate-Presentation-11_11_19-Petro-Matad.pdf

You can see after the broker report the Mcap starts to climb from £20m, making 3 attempts at Mcap £60m, 1st on Heron spud. Thats followed by 2 other dusters and finally Heron's great result only makes a blip, flowing ave 200 bopd. max 800 bopd, then its back to Mcap £20m

Stinks of pumps n dumps...

https://invst.ly/16gj20

If this ain't a rodeo then don't know what is......

https://invst.ly/16giz7

After spudding Heron back in 2019, a land dispute started, drilling was suspended from 5th Aug until 14th..

Heron 2, hopefully in first with good news, I can't find any info to suggest the oil sands are much ticker at Heron 2.. But they were only 12m thick at Heron...

There was a month wait between drilling and testing of Heron 1.. Heron 2 says testing is planned, not following TD.. ??

"Heron 2" Drilling to TD is expected to take about 30 days following which wireline logging will be conducted to evaluate the productive potential of the reservoir. +A well test and stimulation programme are planned to be executed during the 2024 operational season+

24th Oct 2019 7:00 am RNS Results of testing at Heron-1(Lower Tsagaantsav , 12m, 200bopd)

17th Oct 2019 7:00 am RNS Gazelle-1 Results and Operational Update( Lower Tsagaantsav, 3 metres of net oil pay in good quality sandstone have been defined on the logs. Casing is now being run on Gazelle-1 and the well will be suspended pending further evaluation)

3rd Oct 2019 7:00 am RNS Commencement of Testing of Heron-1

19th Sep 2019 7:00 am RNS Spud of exploration well Gazelle-1

17th Sep 2019 7:00 am RNS Red Deer-1 well results and operational update(plugged and abandoned)

9th Sep 2019 7:00 am RNS Heron-1, results of drilling and wireline logging

20th Aug 2019 7:00 am RNS Operational Update

14th Aug 2019 7:34 am RNS Heron - 1 Well Update

5th Aug 2019 7:00 am RNS Spud of Red Deer and Operational Update

19th Jul 2019 7:01 am RNS Spud of the Heron-1 Exploration Well

Financial results for the year ended 30 June 2022

For the year to 30 June 2022 the Group recorded a total comprehensive loss attributable to shareholders of the Company of $13,356,151 an increase compared with $5,155,028 for the year to 30 June 2021.

THE LARGEST CONTRIBUTOR TO THE TOTAL COMPREHENSIVE LOSS WAS the impairment loss of $8,520,929 on the relinquishment of licences as detailed in note 12 to the financial statements.

Historically, expenditure on the licence areas has been capitalized on the Company's balance sheet as an intangible asset. The Board undertakes an annual review of the carrying value of the Group's intangible assets and as a result of the relinquishment, the value of the intangible assets has been impaired by the total of the expenditure on the relinquished areas. The total impairment charge for the year is $8,520,929.