Member Info for Dozzawba

189, just being conservative, I hope you are correct, retirement comes into play then

189, either way a RNS this week or next week will be good. Hopefully good results on Gazelle and H2, let the SP increase and keep building followed by a RNS on renewables and then boom a separate RNS on Farm out and I think this is double figures

189, personally i'm not expecting the RNS until next week when they can include the payment position with PC - 30% position and also invoices due end of October.

Disagree Thorn, too many things have not happened for PM. If you check Bucks Proactive interview its obvious he doesn't trust them 100%. Over the last 5 years IMO its been plainly obvious PM has been held back.

Personally I do believe PC with DQE have tried to hold us back with the intention of us going bust or trying to force into a cheap sale of Heron. Buck has stated that PC and DQE are okay, but he has to say that atm. He has made little comments here and there that shows he doesn't trust them 100%. Having his own team checking what DQE are doing says it all. Hoping we team up with the Indians. Also agree with Abz that I think the farm out is closer than we realise. Just hoping Buck staggers the RNS's to keep the SP momentum going. I believe if he does this, culminating in the farm out, i think we can easily see a SP in double figures, that's IMO, here's hoping for all the genuine investors. We have waited long enough for this. GLA

After hours RNS is nearly always crap, so hopefully 7am. We are due news.

Good to have you on here Dan sharing quality info. As someone earlier mentioned the BB seems to be getting back to some normality. Hopefully more genuine and LTH's come back and start posting again.

All thanks to Dan tbh for his research. He posted on TG page and asked for someone to share on here.

Interesting posts from Dan on X

https://x.com/danmavr/status/1980528112711413998?s=46

https://x.com/danmavr/status/1980313331509653876?s=46

Rookie my personal opinion, the JV will be done before next seasons drilling starts and a plan of action for next years drilling will be announced by PM and the new farminee and hopefully its an Indian company, well i hope its not PC

CW totally agree, would be great if PM signed farmout agreements with an Indian company for both Heron and Borzon and stick 2 fingers up to the Chinese. Every step of the way these b*stards have played games.

My question to Grok AI and answer ref farm out

Heron Block XX farm out discussions continue. Petro Matad also continues to make progress with its Heron field (and wider Block XX) farm out process. One potential bidder is now undertaking detailed due diligence and commercial negotiations,

How long do you think it will take before an agreement is reached with the comment above

Based on the latest updates from Petro Matad's interim results for the first half of 2025 (announced around September 29), the company has progressed to detailed technical and commercial negotiations with one potential farm-in partner for Block XX and the Heron field. This follows the circulation of a draft letter of intent in late August, with discussions described as active and advancing steadily.fc6995ea27ff6f0c2b

In the oil and gas sector, the due diligence and negotiation phase for farm-out deals—once a preferred bidder is engaged—typically lasts 2-6 months, depending on factors like data room complexity, regulatory approvals (e.g., in Mongolia), and commercial alignment on terms like carry commitments or equity stakes.c7c5e6d854ae Petro Matad's process was revitalized earlier in 2025, so this isn't starting from scratch, which could accelerate things.

My estimate: An agreement could be reached in 3-4 months, likely by December 2025 or early January 2026, assuming no major hurdles like oil price volatility or geopolitical issues in the region. If negotiations stall or additional bidders enter, it could extend to Q2 2026. Keep an eye on their next operational update for fresh clues

Thanks Abz got it and can open it, great read

Yes please Abz if you can email me the Zeus report. TIA

189 van you email that note to myself MATD2025@hotmail.com

TIA

189, thats excellent news. Just gets better and better for genuine investors, thanks again

Great thanks 189, got them, appreciate it. ATB

189, can you also send me the email please, matd2025@hotmail.com

Yes mmafr also thanks for your reply, appreciated

Thanks Abz, appreciate your reply. Hopefully for us genuine investors H2 comes in commercial.