Member Info for furry65

@senatoranytime ,

A. If it's shot in July, August, then final product would be available by the end of the year, but, I think workable product would be available by potentially the end of August."

The small word at the beginning of the answer has a huge meaning …..IF , then we have a final workable product by the end of the year and potentially a half assed one in August

Quite IMMINENT as you used to say

@teabag , you might be right but I don’t think so , MATD are just a bit behind in the production stakes …lol

Oil was discovered in commercial quantities in Saudi Arabia on March 3, 1938, at Dammam Well No. 7 in Dhahran. The site initially yielded more than 3,800 barrels per day. Today, the country holds over \(260\) billion barrels of proven reserves and produces over 10 million barrels per day.

@senatoranytime , I guess I will just have to wait for the IMMINENT news that you have been quoting since Feb

I would like to see MATD be a success , any investor would , but your endless posting is pointless , repetitive and based on your guesstimate.

Why not wait for the IMMINENT RNS, the one that will tell us 3d seismic is done , H2 drilling is booked, oil stock in storage has been sold, farm out is complete, Sunsteppe has signed deals , or any combination of these

I think end of July /August for any news , if any

@azzbaaa, thanks for taking the time to reply , I see you went straight to talking about H2 instead of answering my question about H1 and the fact that it’s on the up dip and crosses into PC border

You stated that PCs well are played out , yet H1 is slowly declining and is part of that field .

You were so wrong about the acid wash success on H2 ,its oil flows , share price etc . I would like to see MATD be a success but your endless AI research is boring , endless and often wrong .

@senatoranytime , the area is huge with lots of potential, can you remind me of how many oil wells we have in production ?

As compared to how many wells we have drilled .

I would be quite happy with the it opening at £6.40 , in profit at present so any extra is a bonus , I guess it just depends on what value each individual places on the company .

Could hold out for more or take the profits , all down to each investors circumstance

Good luck to all shareholders whatever happens tomorrow

@azzbaaa , you state, essentially we can drill nearer the boundry line and closer to PC producing wells but we really dont want to be too close as their wells/ reservoirs are pretty much played out.

So, answer the question , do you consider H1 to be part of the same formation as PC have stated and therefore “played out” as you describe it .

Or is it one of our best assets, you know, the one you kept saying do a hot wash on to increase production especially when oil prices were on the rise ?

@azzbaaa , lol , no I came here to remind you of your previous posting history , H1 821 BPD , H2 already pumping oil, acid wash success, sand screens on H1 and 6p by June 2025 12p by December

Or had you forgotten

@Azzba , if PC oil wells are almost played as you have mentioned ,it doesn’t look promising for Heron 1 then ??

Or do you consider 1500m far enough away from any boundary?

The Heron-1 well is located approximately 1.5 kilometres (1,500 metres) south of the boundary between Petro Matad’s Block XX and PetroChina’s Block XIX in the Tamsag Basin, Mongolia. The well was drilled as an updip appraisal of the southern extension of a geological closure that had already been proven by wells drilled by PetroChina just across the boundary.

@ badprophet , Azzbaa isn’t ramping , but has vast experience in the oil industry . Can’t you tell by his posting ?

This from. Dec 25

As for H2 my thoughts are even if we have 45 bopd MB will keep pumping, 5th November RNS mentioned posible perforation blockage, ifso its most likely sand that can be flushed through same as happened early days of H1.

@mmafr, can’t disagree with a single thing you have said, all relevant and very well presented by yourself

Our conclusions may /may not differ , but that’s down to personal choice. A great post with justifications and no hostility

@invesotr33 , I am more a glass half empty rather than half full, but that is because of being a long term share shareholder in MATD. I have already admitted that I sold the majority of my shareholding back in Feb 2024 ? For around 3p

None the less , I am still invested . What gets my goat me is people arriving on LSE and this board in particular in the last year or so and spouting AI Garbage while abusing any shareholders who is negative.

Senator anytime posts on average 13 posts a day and values quantity over quality , TBT ??? , Azbbaaa well ,he stated H2 was already producing etc.

Don’t mind differing opinions but I think my posting history is more balanced and accurate than a lot on here.

I do not think I am superior in any way , I just like to listen to presentations and read RNS without putting any spin on it

Are we waiting for 2026 sales agreement to be signed, yes

Are we involved in in JV with Sunsteppe , yes , but progress on green hydrogen gas has stalled , renewables are STILL waiting to come to fruition , probably 2027

No work has been carried out on H2 at this point ,

we are still waiting for 3D seismic

Farm out is still being discussed with one potential client (PC) while two other have dropped out and two others have emerged

PC are taking there time to settle up , but they hold all the cards , they ship , store , provide equipment and will eventually process our stored oil at a price they like

Could say more but I will leave it for others to go on their daily rants

@Investor 33 , I would like to say Im sorry for sounding patronising, but you posted this awhile ago , despite MATD being involved in JV , farmouts, sale’s agreements etc.

Furry ; the fact that after all this time you still call a " farm out " a " JV" tells me all that I need to know about you.

Filtered.

The point I have been trying to make is that people, Senatoranytime , TBT etc have been constantly trying to say that our Oil sales agreement for 2026 is done and dusted, yes , it has been agreed , but it has not been signed .

Now, if you had listened to the presentation properly , you would have realised this and that we haven’t sold our oil on a monthly basis.Don’t want to get into a war of words as I actually agree with a lot of what of you post

But remember you filtered me first because of what you know ……lol

I think the £6:50 is a reasonable offer and it must be close to what the board are thinking as a figure now that limited access is being allowed to financial information etc

At present Im in profit and benefited from the dividends,but like most people , more would be nice, but at what point do I chose to sell ?? Or stay invested ?? Nice problem to have

@Investor 33 you posted this

GaryMegson ; I've no idea whether the oil has been gradually sold as it came in to PC, or whether it is all sat there waiting to be sold when PC gets around to it, at presumably the current oil price when it happens.

It's a question that should have been asked in the AGM.

If you revisit the presentation, around the 30 minute mark and LISTEN , you will hear MB spout on about the oil sales being agreed but hadn’t been signed as there was a dispute about whether the heavy crude from block XX could be included. PC as usual , using stalling tactics

If you LISTEN , at around 30: 29 seconds ( approx) you will hear MB state that we haven’t sold any oil on a monthly basis and the rise in oil price etc should benefit us ……..

Therefore , as I have said before , a seperate RNS declaring the signing of the 2026 oil sales and income from the sale is a legal requirement as it represents a MAJOR milestone, yes, it can be added to an RNS but that did not happen today

. If you listen even closer MB goes on to say , later in the presentation that he would inform shareholders of any significant news regarding oil sales , farm outs , JV etc as soon as possible

Today’s RNS was nothing more than a legal requirement to declare our income as per market rules with words bolted on to show our progress

In other words, we haven’t sold our oil, the 2026 sales still needs to be SIGNED , there are no changes despite what @Senator anytime may try to say , we haven’t sold our oil, the agreement is still to be signed

at the moment Brent Crude is

Brent Crude IB.1:IEUActions PRICE (USD) 72.84 TODAY'S CHANGE -0.90 / -1.22%, 1 YEAR CHANGE +7.74%52 WEEK RANGE

58.72 - 126

@senatoranytime , Just out of curiosity, you arrived on LSE on the 8th March , posted this on the 23RD March.

Back then you thought a week was reasonable time and used the word IMMINENTLY, were now at 24th June , 3 months down the line , so I guess it’s REASONABLE to assume your using the stopped clock principle and it’s IMMINENT you will be correct at some point , PRETTY OBVIOUS really

SenatorPrime

Posted in: MATD

Posts: 1,422

RE: FARM OUT THIS WEEK! Immediate SP Re-Rate23 Mar 2026 15:59

As the 18th Feb RNS stated: "Discussions with one potential farm-in partner for Block XX are NEARING COMPLETION and we are pushing to complete negotiations in short order."

'Nearing completion' suggests theres a mutually agreed end point which they're working btowards ie The Farm Out and are near concluding that. Pretty obvious.

The MRPAM meeting that was successfully cocluded on the 5th March, would have been needed to sign off the 2026 Works Program, which the Farm Out would have defined. As they state, it was successfully concluded and would have been necessary for final signing off of the Farm Out agreement.

I think this week/next week is a reasonable time frame and hence why i expect the RNS imminently. Every day draws us closer to a defining moment in the company's progression to unlocking major value from its assets.

@senatoranytime , they will mention the sales agreement, its still waiting to be signed at this moment in time .

Doesn’t matter what thoughts people have on this board , MATD will tell us very soon , maybe not IMMINENTLY, but soon

Petro Matad (AIM: MATD) is required by the London Stock Exchange AIM Rules to release its audited statutory Annual Report and Accounts by 30 June 2026. The company operates on a December 31 fiscal year-end, and AIM regulations stipulate that annual audited accounts must be published within six months of the financial year end.

Wonder if they will release these , then an RNS on oil sales agreement or bundle it all together with an operational update

Either way, think we will be told 3D still being sourced, radial drilling still to be sorted , come back in August and we may have news

@Abzzba, your quite right if the directors are still drawing only 30% of their salaries and plan to continue doing so,it would make a bit of a difference

I sent that question as part of the Q and A for the presentation, never seemed to get answered, but maybe lost in the ether

@sanatoranytime , Go listen to the presentation but turn on your hearing aid this time and listen carefully.

Why do you keep prattling on about about 2025 tax revenues ?That ship was sorted and sailed, Why don’t you just admit an RNS is required on the sale of 50,000 barrels , several millions of dollars of income and the signing of a sales agreement

You keep saying news was IMMINENT, I guess MB did use that word and you just had to keep repeating it .

Hopefully by the end of this month , what do you think ?