Member Info for ftsemajorgeneral

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.

Kevin, i think you will find abzzba mentioned it earlier today, he has mentioned it most days for the last 6 months.

I am not in this position but do wonder how many genuine LTH feel KRs advice to sell this winter is good advice, doubt few would think so.

And how often do these experts get things wrong, more often than not from what i see.

Adw, i guess you reap what you sow

What has MB done since the AGM?, he got rid of his ORCP shares.

Kevin, you seem quite irate by Margaritas post but fairly relaxed with Adw wishing cancer on posters or Adw calling Margaritas a re--ta--rd ?.

Fast track drilling of Heron field we could supply around 7000 bopd oil for the refinery by the end of the 2027 drilling season.

Has to be news in the coming months, Mongolia need Herons oil more than ever.

Adw198, the year is 2025, NOT 1965, you can NOT wish cancer on people, you can NOT call them reta**ds, you can NOT call investors autistic, your actions are not that of a sane person, end of.

Just an observation but i have noticed whenever Adw turns up the board quickly descends into a slanging match and usually ends with Adw wishing unhealthy things on others, very strange character, would suggest several sessions with a good psychiatrist, either that or a straitjacket.

@Adw, Well I’m pleased to say I’m on of the people who studied the figures and told you a raise was needed.

I should think that was obvious to most once we all realised Petro China was intent on not paying for our oil, so no pat on the back for Adw.

Corpse, i think you need to do a bit (lot) of research, the majority of your post below is completely wrong.

Do you really believe Petro China can just drill more holes ?.

Abzzba, i think the main and most important point peeps miss or fail to understand is the fact that Mongolia need this deal and fast track drilling of Heron field to take place, currently oil production in Mongolia is in decline and oil supply for the refinery has to be guaranteed, it is of strategic importance to Mongolia.

Investor33, from what i can see very few on here do any research at all, indeed many have no interest in researching MATAD, their only interest is in burying informative posts and posting junk and misleading figures.

Read the 30th July RNS. transcript below, seems quite obvious really.

Gobi Bear-1 perforation and test. It is also planned that the workover rig will move the 9km from Gazelle 1 to the 2024 Gobi Bear-1 exploration well to perforate and flow test the zone of interest identified on logs. The potential for oil pay being present in the well has been enhanced by the identification of migrated oil in cuttings samples but to be definitive a well test is required. A successful oil test at Gobi Bear-1 would be a significant result as the structure has substantial resource potential.

Master, link appreciated.

Mal, i to have made quite a bit of profit in the last 4 years and i expect an even bigger payday to come, games being played, these will end soon, Mongolia will see to that, they need Heron drilled and producing.

As for greyw suggestion PC could prevent a JV, i doubt it, seems already setup and ready to be deal ready to be done with the Indian outfit, why else would the refinery have been speaking to them earlier this year but to give them timescales.

Abzzba, i assume casing a well to bottom would not be considered as being part of the drilling operation ?, from what i can see when i ChatGPT this casing the well would be the first steps of the completion process, so casing costs, cementing the casing in the well and the associated rig costs for running the casing have already been paid for at our H2, Gazelle and Gobi wells, would this be correct ?.

Abzzba, over estimating costs is quite typical de-ramper behaviour, anything they can do to make operations appear worthless, afraid many fall for these lies and half truths.

Kevin, if your asking me there are a couple of reasons the sp has declined, these are detailed below in what i believe are order of importance.

1: Petro China ack on signing the oil sales agreement, MATAD submitted the signed agreement in January, we had to wait until end of June for the first payment and then we found they withheld 30% due to tax questions. Since June they have not paid the monthly invoice for our oil, to keep it simple the are starving MATAD of working capital hence why these workover did not start back in March/April.

2: I would agree the 821 bopd well test and the actual 200 bopd production rate has impacted the sp, i also am not an "oil man" but understand the initial 200 bopd now 160 bopd with oil being pumped is not a bad daily production rate for the region.

3: You mention paid rampers, i find that strange, i see them as genuine holders keen to promote the company they invested in, i do believe we have paid stock BASHERS and i believe they may well be backed by one of the entities that want the Heron field for their own, might it be Petro China, very likely in my eyes, no doubt these BASHERS work through some shady UK trader, but i am pretty sure yourself, ADW and chums would know more about this than me ?.