Member Info for Doc83

TT1981, thanks, good to know.

Unnd, great post.

However, it does highlight a) how quickly you can burn through cash! b) that we will need to ramp up production ASAP if we are to bring other wells onstream because clearly the cash isn't there to do that. If not, as you say, it will be some kind of raise/loan/JV, all of which are dilutionary or hurting our bottom line.

Unnd - thanks for this, very useful.

On this:

"MATD then have to pay PC for transporting processing exporting and selling the oil."

Do we have any idea/guidance/what the going rate typically is for what this equate to?

If no RNS this week then MB really should do an interview.

2Yes I agree, I actually enjoy the board now how it is"

Yes, now that you've ground everyone down who was worth listening to and so they've left!

Thornogson, not at all. They’re taking it for storage while the offtake agreement is waiting to be signed off. Latest RNS told us this still hasn’t been done and we know of no terms.

Who knows, maybe SNG001 can also help H4R.

“Not to mention there is an off-take agreement.”

Stockmaiden, can you let me know what the offtake terms are? Thanks.

I don’t see how an EGM will now take place this year. Not necessarily the end of the world, but it does continue a theme…

“The average one-year price target for Petro Matad Limited is 19.38 GBX. The forecasts range from a low of 19.19 GBX to a high of 19.95 GBX. A stock's price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings”

Mannan, how many brokers/analysts is that average price target made up of?

Bullies, the lot of you.

I’ve barely posted here recently and simply commented that more blocks is not what we need right now as it would be more cost and distraction.

Who rattled your cage?! I think it’s a fair comment - the last thing we need right now is more blocks, wildcats and distractions. We need to focus on developing Heron.

And you’re still banging on about SNG? But as you asked, it’s going about as well as MATD - I’d guess all of us have had some duds over the years, especially fishing in the AIM pond and now you have, too.

Maybe the stress of investing your family’s wealth in a speculative Mongolian oiler really is getting to you, because that was a bizarre and uncalled for post.

I hope we’re not “awarded” any other blocks. We’d definitely need another raise to pay for the exploration of it!

Gravy - google shows the price of the most recent trade.

“Another silly question from Doc83, trying to sound like he doesn't know.”

Stockmaiden, you said we are about to become a producer and that means a sharp uplift in price. We’ve known for weeks/months now that we’ll be producing, so where’s your uptick???

“MATD is about to become a producer, and that equates to a sharp uplift in share price”

Why haven’t we seen the sharp uplift as yet? If everything is all good we should have rerated by now, no?

“Expect a bounce today”?

Not with 1m and 1.5m sells within 20 seconds of each other. Seller(s) still about and this isn’t going anywhere.

Anyone monitoring the SP notice if the bids went to 1.45p before that 1 million trade went in? i.e. is that a buy or a sell?

Do we have funds for H3? I don't know but probably not. Maybe a small top up from H1 revenue? But it'll be slow going developing Heron so it'll either be a raise, loan, or JV. None are ideal but I don't see how we'll get away from it.

"Also, no idea why anyone would listen to anyone who posted 600 negative posts in 30 days and then sold at a loss.

Anyone explain this, 'cos I can't."

If you can't explain something this simple, then it explains a lot.

Simply, new news (RNS) came to light with disappointing data from H2. The SP fell, Adw felt it might fall further, so sold at 1.81p.

He was absolutely right to because we are now 1.45p.

Capiche?