Member Info for fundraiser222

You will be able to buy some sub 2p over the winter Scully I wouldn’t worry too much if I were you

You do realise that this duster has pretty much written off the entire block? Anyway good luck on your short term trade boys, can’t buy, mms loading up, big buyer, news due, crazy cheap and my personal favourite short squeeze lol good luck boys it’s a tough crowd though with 6 months of no activity in a long cold Mongolian winter

Well the share price is down another 9% yet some say it was a great day lol. The bottom feeder traders are trying hard to paint a better picture but the reality is the drilling campaign was a disaster. Yes they might drill again in 6 months time for 12m Gazelle prospect but 6 months in a bear oil market, the price won’t be supported imo and will fall sub 2p. Will Mike do another placing over the winter... who knows but if all holders have to look forward to is a 12m Gazelle prospect in 6 months time then it’s not exactly exciting. This is the only lead they have a permit for, but no drill contract. The desperate Ramps Are pointless imo the big potential upside has gone, drills in XX are a big risk given they hit 11 dusters in that block last time

The 1.8m is a cancelled trade from yesterday

Yes gatto mate, I bought £50k there and very confident they actually have an oil find, 500m oil column is huge

That’s oil in Petro China license area. No oil ever proven in any Matd license block, they hit 11 dusters in XX after they said the same thing about Petro China blocks! Be careful what you post as fact if your not researched, block XX was abandoned for 8 years BG didn’t want it as part of the farm in, the main targets in IV and V have hit dust and it’s a 6 month wait before any drilling can happen, likely another placing will occur over winter Mike Buck said they were fully funded in February, then he diluted all holdings by 30% a few months later!

Oh dear Scully someone hasn’t done their research! You claim Matd have oil already in block XX?? Please send me the link to the oil fund in block XX. Are you referring to the water they found last time they drilled 11 dusters in block XX? Maybe you are confused, hope it’s confusion otherwise you are commuting market abuse stating Matd already have oil! They don’t have a drop

They don’t have any assets that are worth holding for anymore imo. They drilled 11 dusters in block XX and now two dusters in IV & V blocks.they only well they have a permit to drill in 6 months time is a 12m prospect on XX, cash burn is extremely high it looks likely imo Mike will raise again over the winter. This was sat at 5p before results of a 480m target that hit nothing but dust, anyone who thinks it will ever get back to 5p again without hitting big oil is dreaming, no one believes the story anymore 13 dusters tells its own story, 3p is about the best to hope for in about 6 months time if they don’t raise more funds via a placing, short term it goes sub 2p imo

I would say it will settle about 2p over the winter months, pointless having cash tied up for 6 months especially if Mike does another placing over the winter or oil collapses to a point where it’s not economically viable to drill such a tiny well like the 12m barrel target they have planned, that’s the only well they have a permit for

All they seem to do is hit dusters 13 in a row now, not looking forward to the XX drills in 6 months time as they hit 11 dusters last time they drilled that block so sold yesterday given the biggie was not only a duster but the whole block looks useless. Can’t see this much above 2p over the winter

We will be back into double figures once the stimulation starts within the next two weeks, I see a steady climb from this level into December as shorts close out and buyers take positions, it’s a huge find 500m oil column is transformational especially when thy have cash reserves of well over £20m imo great risk reward buying from 52 week low levels

Agree not nice for lth, but an amazing entry price I’m sure you would agree

Interest building, agree this will fly from this level now the seller is out the shorts will close and it will get back to double figures imo. The stimulation has been 6 months in the planning, the oil find is huge they got a placing away at 12p on the back of the find! Good flow rates and it flys over 20p, all backed up by a large cash pile 5p cash equivalent huge upside from this low level and tremendous risk reward

And they are about to flow test, if the stimulation works well this will go crazy from these oversold levels “Preliminary wireline log evaluation has now been completed, and a very significant hydrocarbon column has been interpreted between 1722m and 2220m in the Tobifera Formation. If hydrocarbon saturations across this section are confirmed, the preliminary evaluation might represent an interval of some 500m which could significantly open up the play for the area.

Imo and time for this to move up. Transformational news due within the next few weeks and if they can get this 500m oil column flowing well, we are talking a 3-4 bagger from current levels. Producer, over £20m in the bank and a stimulation program on a potentially huge find within the next 2 weeks. I am a big buyer at this level, and will continue to accumulate over the next few days, 52 week lows yet the company is about to enter a transformational period with strong news flow all backed up by a strong cash position

Agree Pro this will just drift lower below 2.5p over the coming weeks as no action for 6 months and that’s a very long time on aim especially in this market, if it falls to 2p around February I might take a few until then Matd and this board will be dead, the well results were terrible not even a drop of oil all the way down

Is a long time unfortunately, i managed to get out at 3p as this goes much lower over winter. 13 dusters in a row is an embarrassment, no more drilling now for 6 months and always the chance for Mike to screw investors with another placing over the winter, sorry to all who have lost a fortune 3p I thought was a good sell price considering the news

If I was I wouldn’t be pissing around on here lol

Hope you have all adjusted your stop losses because during g this low volume period the MMs will likely drop the price over the next few days below 5p to hit those stop losses. Imo no point with a stop loss anyone invested now should be prepared for the share price to fall to 2.5p, there can be no complaints if it is a duster everyone knows the risks and I’m fully prepared to take a big loss in a few k gamble wouldn’t be risking more than 5% of my portfolio though

You do realise how business works don’t you? He will buy the assets from the liquidators if he wants to do a buyout these things are planned then executed the only ppl who lose are shareholders, you must be mad buying this, administration and suspension looms imo