Member Info for ftsemajorgeneral

Badprophet, thank you for proving my point.

Abzzba, from what i can see they are lacking in much much more than just basic proficiency in core subjects, you can add morals, common sense, sense of right and wrong and good manners, and that's just for starters.

I see Adw is still here goading investors, very sick individual.

Adw, your posts would be so much more meaningful and appreciated if you told us before the event rather than trawling through historical posts in an effort to prove posters wrong.

I ask again, your price projection after the Gazelle well test result is announced, go for it, its your opportunity to shine.

PS, will look in at lunchtime to see your price projection.

Adw you do realise that facts change as news is released, if i posted that it would have been based on the news available at the time, you quite obviously have mastered the benefits of hindsight, so i ask you to share with the board where the sp will be after the Gazelle results are announced, i ask you to do this now, not in a months time.

Adw i can answer your question now, when i next sell it will be to take a profit as i have done several times in the last four years, the price at which i choose to sell will be based on the news available at the time, i may choose to sell in a week, a month, 3 months or longer if i feel the the conditions are right to continue holding, i would have thought that was obvious.

Adw198, i was simply stating facts, it might be an idea if you tried sticking to facts as well.

At the moment H2 is 3 /1 on to be commercial, no idea why posters want to talk about it failing, time enough for that if it happens, we will know soon enough.

Not quite sure we will have a gusher but as Mr Buck is happy to say 75% CoS with H2 and better than 50% CoS with Gazelle he must be reasonably confident of good results at both wells, not long to wait now.

Seems to be quite a bit of deceit being posted, absolute no doubt its intentional.

26th August RNS.

Oil Sales paragraph below.

Payment for oil sales for the months of May and June have been made by PetroChina with c. $320,000 received. Once again, PetroChina has withheld 30% of the invoiced amount pending progress with the Mongolia tax authorities on its tax concerns related to the oil sales agreement. The July oil sales invoice was submitted as per the signed agreement in early August and we are pushing for payment on this too.

****** In parallel, the Company's discussions with the Mongolian tax authorities have progressed well and we are advised that they are preparing a letter addressing the concerns raised by PetroChina.******

A number of meetings have been held with the PetroChina finance team during the month and will reconvene as soon as we have the letter from the tax authorities in hand.

addressing the concerns raised by PetroChina does not mean they agree with or side with Petro China.

Hamm, i am unsure why you think MB can control the pace and progress of negotiations, interested parties will take as long as they feel they need, MB can certainly attempt to speed up negotiations but in the end it comes down to the interested party.

Could well be we have an offer from one party while the other interested parties drag their heels.

I think it obvious we are targeting a farmout to be in place by the start of the 2026 drilling season so plenty of time for discussions to take place.

Kev, the bison will stampede when they are ready, right now they are grazing on the steppes.

🚫 No shareholder value, never has been 🚫

Yet here i am sitting on several thousands of profit having successfully traded this share over the last four years, and i fully expect to be making quite a bit more in the next few years.

Keep it simple, from what we know the farmout is progressing well.

We are now working on the first of three wells that certainly should deliver more revenue.

We have eventually been paid 70% of monies owed by the Chinese.

Mongolian oil production currently falling and daily production around 50% of the refinery's requirements.

We control the only possible oil field that can substantially improve Mongolia's daily oil production.

In my book i see us as being in a pretty good position.

ManxKippers, we could well be a billion pound company but thats 6 or 7 years down the road, few hurdles to cross yet, take them as they come.

As i said earlier, profit takers selling out for 10/15% today, these cheap shares need churned until they are in stickier hands.

All in all a good RNS, we are enroute which is the important thing, small word of caution, several hundred million really cheap shares out there that are not in sticky hands, there will be profit takers but if your here for the longer term looking good for now.

Thornogson, my thoughts are it is LSE moderation that is not fit for purpose, my question to you would be why do you say its not fit for purpose ?

Highly unlikely any farmout will be agreed in time for drilling new wells this year, that's not to say there will not be farm out news in the next few months, there may well be but i think the deal will be done later this year with accelerated drilling of Heron starting ASAP in 2026.

We really do need good results from H2, Gazelle and with luck Gobi, good results will turn this around and we know how fast it moves, pretty certain a lot of potential buyers are sitting on the side lines ready to pile in.

Ladies and Gentlemen, thank you for the warning re MATAD, i have decided to keep hold of my shares in MATAD, i bought these cheaply, i will now hold until we get a decent rise in price at which point i will sell, this has worked for me quite a few times in the last four years and i see no reason it will not pay back handsomely this time as well.

(But i do appreciate your views)

As i said last night: Really does seem to me that many on here wish to disrupt the board, create argument, anything but discuss the company.

In my years here i can honestly say i have never experienced this before at least not at this level of disruption.