Member Info for fundraiser222

Let’s hope so, the point is the market is just so risk off atm and is in the middle of a big sell off, investors just are not willing to risk losing 50% of their capital on a 5 to 1 shot. Yes Matd have failed so many times in the past but imo the main issue is the wider market conditions and the low COS. The Edison report was a hammer blow for Matd because when they stated WH drill had a 9% Chance of hitting commercial oil investors started to run a mile. So many read these reports, and because Matd have not given a COS the only thing investors have to go off is the 9% in the Edison report and in this market ppl just won’t take the gamble. I personally don’t mind cutting half my holding for a loss I was banking on a pre spud rise but it never came hey ho, will hold the rest for a gamble if they miss and it hits 3p I will just stick them in the bottom draw and wait until May 2019, as long as you can afford to lose 50% on a duster it’s worth the gamble imo

In this market the share price will tank on anything other than a discovery. Oil shows with water and it will tank to 3p. We need a column of oil for the share price to take off. Investors now need to accept that there is a 80% chance that the share price will halve within the next few weeks if WH doesn’t strike oil. It’s a straight forward gamble now on a 5 to 1 shot it’s as simple as that, personally I will probably now have to de risk at a slight loss this week and will hold the rest for the results at the end of November. Any strike and of course it will be a strong buy, but in this market investors just won’t take the risk hense the continued selling as investors de risk before the price falls any further

This was 20% down on the US market yesterday it’s holding up well so far. Bear market on the main markets are having a big effect on investor confidence hense the low volumes here ppl are risk off on wildcat oil drillers atm think those still invested here are now holding for the results, hopefully we should hear something at the end of November

Edison report has WH COS at 9%, I’m not relying on anything I will de risk before the results and hold some for the results like most ppl will do, if I have to de risk at a loss then so be it, I have my stop loss in place just in case we get any nasty surprises during drilling

Yes Fox prospect to be drilled next year looks like the best chance doesn’t it should be a better COS there especially with the 3d, hopefully they can get it drilled around May 2019, if WH is a duster and the price falls to 3p I will add more in jan/Feb for the Fox drill. Gatto you will get your 5.5p for sure regardless of what is posted on here, you will probably get 5p nearer results in late November as ppl chicken out of holding for the results.

No core hole has been drilled at WH as far as I am aware?

It would be interesting to see how they calculated the 9% COS, WH actually has a lower COS than SL as that was 12% according to them and as we know that was a complete duster so why do they think WH is 3% less likely than SL to find commercial oil? Real shame we have no 3d seismic all wells these days seem to have 3d before they are drilled I guess Matd don’t have the cash or the time now to start doing 3d seismic on prospects. A game of patience now waiting for the drill results, hopefully we will hear something around the end of November.

Hi Mannan, on a duster most likely yeah in this current risk off environment

Looks like it’s been shorted unfortunately

The market doesn’t like risk atm and the 9% COS of WH is of course a big risk. Effectively investors have a 91% chance of losing 50% of their investment a risk most just wont take in the current bare market. If the 9% comes in then it’s a different story, think we bounce along at 5-6p until later in the drill now then we should hopefully see a spike at some point, hopefully we don’t do a char and hit water all the way down!!

Dignity lol hilarious nothing dignified about gambling your money on aim wildcat drills, never heard so much rubbish in all my life

Lol report me to admin then so they can check the IP, what dad lives you must live concerned about conspiracy theories regarding user names on a forum lol it’s comical and highly embarrassing, just because you are losing money you don’t need to fill your head with paranoia either Matd hits oil or it’s a duster down to 3p it’s really as simple as that now, 30-45 days we will know nothing more to say

Half expected it as sell on spud seems to be a thing these days. Hopefully the selling dries up soon and we don’t end the day down!! And gatto I would say you are the insufferable one I could t care less what you think your a user name on a board your insignificant to me in terms of what you think

Matd has had no pre spud rise and they have spud the well much earlier than expected, Mark my words once spud sellers are clear selling for a loss as it’s already near 52 week lows this will fly, once the US market opens you will see significant buys

Thenthis flys here today, this is a drill of global significance and they have spud early than expected, fantastic rns and amazing you can buy at this level, watch this fly after 8.30am once spud sellers are out

Updip of largest identified source kitchen area with migration focus into the structure ▪ Prominent structure with large c.480MMbo (mid case) recoverable potential * ▪ Four way dip, fault bounded and subcrop trapping components ▪ Significant section within closure with stacked pay potential ▪ “Soft” amplitude anomalies in the subcrop trap may be indicative of hydrocarbon trapping, possibly gas ▪ TD 2000m. Well cost c.$4MM * ▪ Success de-risks 13 prospects/leads with resource potential of c.750MMbo * ▪ A must-drill prospect and ideally located for a basin opener well *

The point many are missing here is COS on wildcats is always very low, it has to be low as there is no proven oil production in blocks IV and V. That’s why any strike at WH could be truly transformational, not only the short term impact of hitting 480mbl of onshore oil, but Matd have potentially 23 billion barrels of recoverable oil on their acreage. Each prospect after a strike at WH will be greatly de risked, a farm in partner will be pretty much guaranteed after a strike followed by a drilling campaign the likes of which the Mongolian government have dreamed of for many years, as have the Indians who want to fund the oil refinery. BG Group were happy to farm in here because of the potential for discovering a new oil frontier on a global scale, land locked between 3 oil producing nations Russia, China and Kazakhstan its pretty nailed on that there is also big oil in Mongolia... we have just got to find it. Positions will be taken this week ahead of the spud news I can see us sitting around 8p by Friday ahead of spud

I have been informed on twitter that a few posters are talking to themselves here lol, if I don’t respond it is because I have you on the filter list I cannot see your posts, cheers

As investors take positions ahead of spud next week. This is the drill everyone has been waiting for, and the fact we are near 52 week lows yet about to spud a 480mbl prospect 100% owned shows how cheap this currently is. oil shares have flown recently, Matd is about to make its move imo L2 looked very strong into close can see an attack on 7p tomorrow as ppl take positions before spud, any strike and of course you are talking life changing gains 480mbl onshore drills don’t come about very often, especially not with the safety net of 4 more drills to come in April fully funded, once this hits 7p it will get chased higher as ppl scramble to get in

I think we could see a spud date rns, Mike said in the 1st October update “Operations continue to progress on track for us to drill and log the Wild Horse-1 well this year. Wild Horse is a very exciting prospect and from the size of the potential prize alone, the Wild Horse 1 well certainly deserves its place in Wood Mackenzie's ranking of the top 20 exploration wells to watch in 2018. We continue to work hard on preparations for next year's drilling campaign and look forward to updating the market on Wild Horse soon” lets see