Member Info for Helpme01

Selling before 7-8 criminal...

In my opinion it’s quite obvious that investors will be topping up before next RNS. The big fillet is incoming big style. Somebody wrote that has no faith that they can do it. Just to remind that bsfa cooperation on large scale production should definitely help with pulling out one big fillet.

From what they said in RNS it should be end of December/first half of January. That itself will do a bag easy especially if it goes loud on tv it smthg. Even bigger reason for bags is working on large scale production which they are doing as we speak. NORTH!!! DYOR and all that

In my opinion people are topping up already not to buy too high before huge “big fillet” rns. Now with cooperation to produce in large scale it’s a no brainer.

Matd had 3 PSC contracts in blocks IV, V and XX.

Extensive 2D, 3D and use of other exploration techniques led Matd to release an RNS declaring that they estimated between 9 billion and 25 billion barrels of oil in blocks IV and V which led to the rise from 3p to 38p.

The then CEO entered into a death spiral finance agreement for drilling which destroyed the share price.

Step in Mike Buck who did two quick raises to finance drilling on block IV (Snow Leopard and another one I can’t remember, which were unsuccessful). We have since relinquished our interest in block IV.

He then turned his attention to block XX (Heron) and found light oil which flowed freely at a rate of over 800bpd. Initially estimated at a recoverable amount of 25 million barrels. NPV10 at this time was declared at $150m when oil was priced at $60 per barrel.

Updated estimates on recoverable oil at Heron is 60 million barrels which at current price of between $80-$100 per barrel provides an NPV 10 of between $480m and $600m.

COVID restrictions has played a major factor in advancing the company forward in that most of the expertise in drilling has been sourced from China and it is only in the last couple of days that covid restrictions have been eased.

Matd still has PSC contract obligations to fulfil in block V, hence the plan to drill Velociraptor in 2023. Should this be successful, then I would imagine the application and approval of the exploitation licence would be much more streamlined, after the problems Matd encountered on Heron.

The irony is that there are no local restrictions in Block V due to the fantastic local work carried out by Matd and there should be no identifiable barriers to exploitation on block V should oil be found.

It appears Petro China’s lack of environmental responsibility has badly hindered Matd’s progress in extraction of oil from Heron but hopefully that should be resolved soon with Ministerial approval.

We are in a good position, having $6 million available with additional financial support from Petrovis should we need it in bringing Heron into production and drilling Velociraptor.

All the equipment is in place at Heron and most of it is in place at Velociraptor. With covid restrictions easing and the likelihood of local access being granted soon then 2023 should see the re-rate we have been expecting.

Good luck fellow yaks, hopefully we have turned a corner and the only way is up.

Yesterday at 11 buyers arrived big style.

11 o clock coming, fasten ur seatbelts :-)

Yesterday buying started after 11. Lets SEE what happened.GLA

My bet 4p today…

And 5 million mc...

Amazing stuff!!!

Plenty of blue days ahead. TOP no brainer share ever in my opinion… GLA

Some tr1s and director dealings imminent...

The share at bottom with biggest contract in history. No brainer share.

Make sense..

Or one of them...

Mr Richard I Griffiths (Guernsey) 59,049,066 23.4%
Polar Capital (London) 43,455,000 17.2%
Lombard Odier Asset Mgt (London) 38,723,678 15.4%
Baillie Gifford & Co (Edinburgh) 21,495,228 8.5%
Canaccord Genuity Wealth Mgt (Jersey) 12,086,031 4.8%
Calculus Capital (London) 9,312,876 3.7%

Polar Capital (London) who got shares from last fundraising are a long term holders, maybe Lombard Odier Asset Mgt (London) are offloading? Because the SP makes no sense...

Or maybe leftovers from last Julys placing. It will fly sooner then later in my opinion. Yesterday’s RNS was HUGE. GLA

There was one fundrisg in July, plus extra money now, so I don't expect another for quite a while...

Mister Spock would be really disappointed with them who sold today. Live long and prosper.