Member Info for furry65

Lol , I love the fact loss and debt can be separated so easily by people . Making $10 million loss in a year is ok then ?

So we have no debt but our losses increased by 100% from 2023 to 2024 . That’s ok because were an oil producer

I suppose burning through the cash but being debt free is great.Not a sustainable model at our current level of income

Thanks RPT , I did bin most of my shares in FEB 24 @ 3.0p and stuck them into RR, wasn’t too bad a move to be honest.

I hope MATD will go on to better and bigger things and what investment I have will recover any loss, currently 2.6 p needed to break even. So the over optimistic rants from you (WOS?) are just that . Read the RNS and what is said, a repeat of last one

This tells me progress isn’t being made at any significant rate and mentioning Sunsteppe is just to divert attention

Ahhhhh our loss increased from $5.9 million to over $ 10 million, but don’t worry its not debt because it’s from a different budget or the magic money tree.

Grow up, a loss is a debit doesn’t matter how it occurs, clever accounting does nothing and our cash has gone from $9 million to $ 3million. So that’s not a loss either then ?? Just expenditure !!

Companies go bust burning through this amount of cash

Love the optimism around the RNS stating what ? That we started oil production on H1 and H2 was a dud , further investigation required! That we still have Tax problems, investigation of oil shows elsewhere and Sunsteppe has lots of proposals

The bit that bothered me was we raised $9 million in 24 , we have $3.6 million in cash left?

But our debt has increased by almost 100% despite now being a producer ?? 45,000 Barrels since October 24 which works out at approx 180BPD . So why is our debt increasing and if we are receiving $1 million a month where’s the money going

I see the Rampers and WOS fans are out in force using conspiracy theories to justify there ramping up rhetoric.

Just for you information I am North of the Border , mot China , not North Korea but Bonnie Scotland

You lot need to get back on your medications and look at facts not fiction, Abbzba the 8oo -1000 BPD expert …really??

The SP does seem to be ata good price , but previous performance makes people very wary. If master 82 is right about equipment being at H2 we might see an increase in production figures , we might not.

Will find out when MB declares our sale for the month and any resolution to the TAX problem.

Meanwhile Abzzba wittering about an article that is 18 months old and talked about oil refinery being ready 2024? Not 2028

Also needs to read RNS , yes we made $1.18 million on oil sale but only $0.81 million was actually banked by MATD.

Hope for the best but not expecting huge changes in production ,work on H2 might prove fruitless

I tend to deal with realities, there is oil available, no doubt about it , but there are several bits of information that are utter lies.

But, it’s up to the individuals to interpret them. But seeing as your a disciple of the now missing WOS I wouldn’t expect anything else.

We are all here to make money. It’s why we buy and sell stocks. I hope for the best with MATD but the reality is we are struggling

MB and they board have not exactly covered themselves in glory, delay after delay , lower rates of production etc

Abbzba, what a complete and utter Fa@@y you are !!! You found an article written by a company employed by MATD to promote there oil exploration.

Did you bother to read it? It quotes oil reserves from wells that have been drilled and then found to be dusters , it quotes revenues from H1 available in 2022 and a refinery to be built and running by 2024??

Well done on actually quoting an article that’s making MATD look like a VERY dodgy outfit, I thought you were our resident oil expert but you cant even be bothered to read an out of date article.

Proquo, I take it for accuracy you don’t want to use the $65 dollars a barrel figure that would have been used in 24 early 25?

There is basically no change for MATD, MB having to release our income from production, something we already knew.

He’s using positive language to put a better spin on it.Tax issues still not resolved

We are generating income, which is great, but there is no mention of the feasibility study on H2 , ways of production increase on H1. We are basically at the status quo , for the moment.

Nice tro see Thornogson back being positive after saying he had sold out.

Proquo, I do love the description of a makeover on H2 , can you elaborate? The previous RNS stated it was a non producer and was being investigated for increasing the production on H1

If we take the latest RNS , using known figure , £810,000 plus the 30% held back , divide it by 180 days production and the $40 dollars per barrel quoted in previous RNS you end up with a figure 0f 142 BPD , allow 10% error for a couple of down days for maintenance or fluctuation in oil price and we get what?

An RNS that is basically stating we got our income paid, VAT/TAX issues still exist and no changes in production.

It’s almost what I PREDICTED on the 12th June . It’s great we are producing but it’s just a reiteration of what we already knew and the market has reacted accordingly. No changes in production etc,

I do love this board for the ramping/bashing accusations which have no foundation, its strange to hear how others think

I posted that 180 to 200 BPD was likely based on RNS figure and H2 being operational and some took exception to it

RNS lands quoting 160BPD from H1 and H2 a dud which will miraculously be used to increase production while we wait for Tax issues to be resolved.

My next prediction, which could be wrong, is this, our next set of production figures due soon will be about the same,MB still not have sorted out Tax as per his usual glacial performance and they will still be looking at H2 /H1 .

But never fear Sunsteppe and its glossy brochure and proposals will save us all in years to come…lol…just a thought ,could be wrong on everything , but been closer than most with production figures …..800-1000BPD , really!!!

Let the fun begin

Teabagten ,says, Has anyone else ever spent 1000s of hours on the bb of a stock they don’t own?? Just asking

Ironic that this muppet keeps posting statements like this and never actually talks about MATD.

just his usual daily rant with no foundation. Surprised he can get the internet from his

padded cell….lol

I see the disciples of WOS , TeaBagTen and Abaabaa etc…have woken up and started the usual rhetoric… No reasoned discussion on MATD just a diatribe of hate.

Either there rampers or wind up merchants,.they do make me giggle with there cut and paste posts , same s@@t every day

Careful Thornogson, your starting to sound negative…lol a big change since since your 2p in the rear view mirror quotes

Investor33 , there is another thing to consider with the position of drilling the wells, MB is actually a qualified Geologist it was his role many years ago, so, I would think he would have an opinion on drilling unless he just delegated

Thornogson,I’m struggling with your posts , are you saying PC was wrong to drill wells close together to maximise there production and MATD was right too drill further apart, despite results of H2

Or are you saying MATD should save money and drill no more wells ,or drill hundreds like PC.?

Master82 ,I basically agree with everything you’ve mentioned but be careful as WOS and his disciples may want you banned from giving an honest and matter of fact assessment.

I worry that as H2 was a dud and not the gusher some predicted that we will waste more money on trying to use it to stimulate H1.

It might work, it might not, but it could also also have a detrimental effect on H1. What’s you r opinion ??

Abzzba,the man who predicted 800BPD or was it a 1000BPD with H2 up and running, so much for being the oilfield expert!

Found being in a temple or shrine while people were chanting and doing mantras to be very soothing and very peaceful

Unlike the chat on this board ………lol

Teabag ten, my karma is going to be ok as i made numerous offerings in temples and shrines on my recent trip to China