Member Info for Doc83

Wigster, on TBT, ever heard of an amoeba?

"You are desperate doc. Or you wouldn’t have been here over Easter. No mates or family evidently."

4 days Friday to Monday I posted 11 times in total! I even had a full day off on Saturday... bit hungover if I'm honest.

But if that means I have no mates or family, you must be in the same boat ;)

I'm catching the they're, their, there bug from everyone.

"The increasing desperation from the bashers isn’t just noise—it’s a signal..."

Even if they're are actual paid stock bashers, I doubt they'll be feeling desperate. SP still around all time lows and still no signature or revenue.

JV talks and possible deals aside, why the delay in the signing of the cooperation agreement and us being paid or able to sell the $1.5m of oil we're already due???

We are way past the February guidance given in the RNS, surely MB should update shareholders?

Investor33: "Thornogson ; one thing I am very confident of - come spring /summer 2025 you will have a share price which at some point will be somewhere around the 5p area. Possibly higher depending on how things unfold - the next big resistance level above that is around 10p."

Well I'm clinging onto this right now!

"Doc doesn’t know that this is the start of the year in terms of the winter shut down ending."

Ah, is that what Investor33 meant when he said the SP goes up "in the new year"!

Investor33, we're nearly in May. Is that still "early in the year"?

Am I not stood outside NatWest anymore? 😢

“doc is a paid stock basher. fact!! and a ******! fact!!”

Except you know I’m not. But you keep saying it. Why? To deflect from the fact you said we’d have………..

“£5-10m OF WINTER REVENUE”. 😂🤣😂🤣😂🤣😂🤣

LOL

“Stockmaiden, we are closer to revenue than oracle. Fact!”

Sadly, that fact has not improved the SP. Quite the opposite in fact. Fact.

I just tried asking ChatGPT if having an opinion is criminal. It honestly just crashed. I’ve never had it crash before. Maybe it thought it was such a stupid question.

“But for those with open minds, how many years have you been waiting for that reddot? It's always just a few days away isn't it?”

I tend to wait with dread for the next RNS these days. It usually announces more delays followed by a fall in SP!

Did Proquo really just say that PC have been helpful? They’ve sat on our oil for 6 months without paying us and not signing a signature that would allow us to be paid 😂

The signing of the cooperation agreement is the single most important thing to MATD right now. Given MB said at the AGM he would endeavour to communicate better to shareholders, why wouldn't you inform shareholders if the agreement had been signed?

“ A possible explanation would be PC trying to play hardball. But if they wanted to do that why offer to store it in the first place?”

They can play even more hardball knowing they have $1.5m of our oil stored with them!

If they’re really are JV talks (that MB himself says are unlikely to be concluded soon enough that it will be in time for 2025’s drilling) that doesn’t explain the hold up with the signature.

TBT, what happened to $5-10m of winter revenue?

Maybe stick to stacking shelves ;)

"Funding options

1. RBL

2. Loan against stored oil

3. Soft loan from Petrovis

4. We don’t actually need any monies"

RBL highly unlikely at this stage when we have one well spluttering 200 bopd.

Loan against stored oil? We have about $1.5m worth so far, so someone is going to lend what, 50% of that value, maybe. That won't touch the sides for what we need.

Soft Loan from Petrovis - maybe, but again, I think that facility is limited to $2m? Again, not touching the sides.

4. We absolutely do need new monies IF this situation persists for much longer. Raises take time to arrange - any competent and sensible CEO won't risk letting our cash dwindle to nearly nothing, taking a risk on highly unreliable partners like PC.

But a raise at this SP will be brutal. It will be 1p which would only raise £6.4m.

It's not a good situation at all and if there is genuinely a plan B available, they should seriously consider it.

And all this talk about JV talks happening, why would that stop the current agreed agreement being signed and us receiving much needed cash we're owed?

We know money is getting tight. We know we need money for remedial works. And we know they'll be no pay cuts/deferrals.

Logically, if we continue to not receive any money for our oil (that is also costing money to extract) then cash will have to be raised.

That upsets a lot of people. And if it does, AIM investing isn't for you.

We started producing in October. Next week will be May and still no signature, export licence and revenue!

I don't know how anyone can be critical of anyone being critical of that fact.