Member Info for fundraiser222

Due this week from near 52 week lows, spud date rns will send this well above 8p

The share price now looks primed for a sharp move updwards ahead of WH spud. Once we get the spud rns or spud date rns the market will be playing catch-up. Oil shares are flying Matd will have its day and the MMs know it, this is incredibly cheap so close to spud of the largest prospect drilled this year on aim

Yeah drilling off 3d seismic for WH, not many wells drilled globally onshore on such a huge structure the last aim drill onshore of this size and structure was gkp so let’s hope we repeat the success. There is clearly liquid at WH in huge volumes figures crossed its oil as that will be life changing for all invested

Let’s discuss petro matad and the Wild Horse drill discussing any poster from any board is a waste of time. I have emailed them asking if Mike is doing any PR interviews next week as that will be the week we spud, will let you know their response. More rig pictures to appear on twitter this week, it’s either 480mbl of water or 480mbl of oil as is the structure formation of WH. Weather wise it’s 15 C Monday Tuesday next week it does look like they are having a mild start to winter this year. Not long to go now, the institutional investors that took part in the placing did so for this well, would expect a few of them to be averaging down. 40% below the last placing price and a £39mcap fully funded for 5 wells including the WH has to be a great price

Spud of WH is approaching fast, we are now in late October and I’m sure Sinopec are working round the clock to get rigged up and spud ASAP. We should get some more twitter pics of the rig build in the next few days, and an rns with spud date confirmed. If Matd do strike 480m barrels of recoverable oil at WH a farm in partner is pretty much guaranteed funding 30-40 wells and opening up Mongolia as an oil producing nation. The acreage position is key here not just the size of the mapped prospects because any strike derisks an acreage 3 times the size of Wales with 23 billion recoverable barrels potentially in place. Then there is the additional shale potential as a juicy upside. If they do strike big oil at WH it’s life changing for investors from these low levels, it’s also life changing for the ppl of Mongolia as is the riches that an oil producing nation enjoys. Is Mongolia the last onshore oil frontier to be discovered? If it is little old Matd shareholders are in for one hell of a ride

I know mannan, doesn’t look like there is any oil in Namibia does it. The good thing about Matd is they have 4 fully funded drills to come starting in April if WH is a duster, Fox 200mbl in particular looks very exciting. Value wise a £39m mcap with a 200mbl target in April then 3 more drills with over a 50% chance of success seems very good value indeed. But first we of course get to drill the 480mbl WH prospect and tbh at £39m mcap with five fully funded drills looks incredibly cheap. As ever you have to be in it to win it and if you want life changing gains Matd the only oil explorer on aim with a drill this size with multi billion recoverable acreage potential

When drilling a huge prospect is that any find catches the market completely off guard. 480mbl with 100% working interest is huge no two ways about it especially when they have 4 fully funded drills to come starting in April. I think at 6p with spud of WH in the next 10 days the market has forgotten the vast resource within Matd licenses, multi billion barrel recoverable all onshore all 100% owned. The potential is and always has been the biggest amongst any aim oil company as the acreage position is 3 times the size of Wales. If they do strike oil at WH it derisks the multi billion barrel acreage and that will without a doubt bring in a farm in partner with deep pockets who will fund a huge drilling campaign the likes of which Mongolia has never seen before. A big gamble yes but life changing rewards if there is a strike at WH, a big strike and the mcap will be at least £300m which is a near 8 bagger from these levels. Happy for this to stay under the radar whilst I accumulate just as I did at aaog when it was 8p pre spud, ppl paying over 11p now the drill bit is turning, big gains to be had on a strike there, but truly life changing rewards on offer here if WH is a gusher

No chance will it rise back to the placing price they have already hit a duster and spent $7m of their cash in the process. The 9% COS in the Edison report has put most ppl off it seems but it will bounce at some point during the drill once we have had the sell off at spud like all other oilies we will drop on spud day as ppl don’t want to risk their capital on a wildcat drill. Short term Matd is been shorted imo, happy to add more at 5p depends how low the shorts take it I guess but there won’t be a pre spud rise as spud is only 10 days away if it was going to happen it would have happened by now and think today’s sell off is the realisation that this isn’t going to rise in spud, no oily has this year unfortunately

If the MMs are short which they do look to be then we can kiss bye bye to any pre spud rise unfortunately, I understand why they are short WH has a tiny Chance of commercial success 9% is pretty bad, but I’m sure the shorts will be closed before TD in early December so a bit of patience required to ride out the lows whilst it is shorted but expect this to recover in mid November as the shorts start to close out, will average down if it goes towards 5p

Sentiment just isn’t with wildcat O & G drills atm it seems, hopefully we can hold 6p tomorrow, I did not expect all the selling this afternoon

Not long to wait, bit of patience required most traders seem to sell out within an hour these days win or lose! Well done all those who got in sub 6p over the last few weeks easy money

The wider market won’t have even seen the update on twitter yet, once they do this will soar over 7p, the main risk with buying Matd was would they spud without a delay, the answer is yes they will the rig is substantially up and will spud before the end of the month, this is the well the entire market has been waiting for it’s a globally significant drill it will att at huge interest now spud is de risked

It’s NT to buy and they are not filling orders due to the huge demand so broke my buys down to hit the limits, anyone sitting on the sidelines will now jump in after that update because spud is de risked and happening, I’d say that update is worth 30% to the share price, should easily finish the day above 7p, I always said I was happy to pay more if spud was de risked and now it has been they hve worked incredibly hard to get the rig up that fast great to see

The spud is completely de risked now and they can drill and finish before the weather gets too cold, fantastic effort by the team to get it built up so quickly it looks well over 50% rigged up to me, spud within the next 2 weeks and it’s derisked exactly what the market and myself was waiting for and I am building a big position NT for most trade sizes but my orders are getting hit, look out for the £10k buys, well done all and well done Matd trust has been restored that update has caught MMs and the market off guard it will be a scramble for shares over the next few trading days due to the size of the prize not seen an onshore well with this sort of mammoth target been drilled since gkp and all 100% owned

Just seems odd that they haven’t taken a picture of the rig arriving on site as the trucks left SL 12 days ago yet no mention of them arriving on site... if they can take a picture of some monks then why no pic of the rig etc. I’m not convinced and think there could be a nasty surprise in the form of a delay coming up, lets see I’m still confident of 3p been hit if a delay rns until May 2019 is announced all imo

IF spud news comes through, no updates at all on twitter of the rig been built up or pictures of it on site... rather strange. Will Mike Buck complete his year of failure with cancelling WH... or will he manage to actually do something without a delay, as always time will tell but so far he has delivered 50% dilution a duster and two cancelled drills

Lol well you have a 9% COS here so good luck, and I tell you what message me on twitter and I will screen shot my CHAR sell on Monday, this could easily hit 5p over the next few days sentiment is completed gone now, where are the twitter pics of the rig going up??

Lol do you think I hold for drill results on aim? Don’t worry your 3p on Matd will come imo

Agree even if they do spud it will still fall on spud like all other oilies, aaog spud Monday price hit 10p... it’s now 8p as I said oil drills are not popular atm, I would estimate 5p zone after spud hense my opinion that any trade on a pre spud rise is pointless imo because you have a chance they could delay it and the price drops 50% and if they do spud it will likely fall like all the others have anyway, all imo the risk here is huge without any reward unless they hit oil with their 9% COS according to Edison’s report

Where’s the pictures on twitter of the rig been constructed?? They can take pics of monks but no rig anywhere to be seen... took them well over 3 weeks to build the rig up at SL, has it even started to be constructed that’s the question or are Matd shareholders in for a nasty rns... big risk of a 50% drop in price here on a 6 month drill delay over winter -17 forecast for mid November a bit chilly for a rig that’s not winterised