Member Info for Hertstrader74

I have not posted for a few days as this forum has nosedived into hysteria of late. I share everyones frustrations that the black stuff is still in the ground. From the interview last weeks I was relieved that the Matd board were putting pressure on Mike 'snail' Buck getting Heron 1 online and Heron 2 and 3 drilled and into production by Q4 before wild catting the raptors which I think rightly should be our goal next year with 8 - 10 months of oil income in our warchest. I am very confident we will get Heron 1 workover, fracked and producing this summer.

Mike must be aware the market are fed up with his leadership. It is time he stood up to be counted. Get the licence sorted to transport the oil when we start drilling, complete the talks with petro china new CEO and DQE and inform the market.

It has been a very dissapointing end of Q1 from Mike, make sure he makes Q2 count

Well done those buying at these low prices

Tiny volume so only ones selling this low are ones who need the cash or those who think it will drop or stay in this range for a bit longer and probably using that money as a short term trade elsewhere then buying back (a dangerous game this, as when the DQE or Rig Confirmation / Well Workover) then this will be opened a lot higher by the market makers and NT to buy

Hold recommendation

7-8 p on first oil from Heron 1, 12-14p if we drill Heron 2 and 3 this year and get these online is what i am expecting 20-30p if we find oil at the raptors and in my opinion that will be next year

FA, Only a small position here the over day at 77p, also hold a few POG and POLY but by far my biggest holding is the Mongolian one

FA - Wrong board, I know as I am also invested in MATD

Does look like EVR are looking to get Unsuspended ASAP

I was not impressed with MB on Tuesday, but i do get the impression he has been put on notice by the BoD to perform, and get Heron 1 worked over and into production (and even Mike did say this will happen this year BoD also want wells 2 and 3 Done before we wildcat the raptors, and I agree with the board on this.

I don't like the way Mike said we will be fitted in. I would rather we pay a premium and get Heron 1 producing and Wells 2 and 3 online this year, take advantage of the oil price and use that money to fund our campaign at Block 5, Velociraptor and Block X

If no Heron this year, Then surely the BoD will have to fire Mr Buck, then back to 2.5p SP for another 12 months

I agree, Please stop MB from any presentations He is rather dull. He must be under intense pressure from the BoD to deliver yet alone from us Share holders Pressure is on Mike, Time to perform .

Clearly last night he could not say anything that wasn't in the public domain already, I take heart from what must be a lot going on behind the scenes. Almost at the derampers buy price now!

can only buy 100k at 0.29 looks like we will soon be comfortably above 0.3

another auction how many today??

back in auction could very well come out of auction 4p to buy

managed to buy some at 2.78

no the sp will drop tomorrow by 77p after end of todays SP

he certainly would come under the catagory 'conservative' anyway does look like we will finally be producing this year DQE news to follow

Long term excellent prospects, but to me it sounded like we could be waiting till mid summer before we drill heron 1 'Rig contractors have a full order book'
plus point is it will only take 2 weeks to get producing using fracking as stimulation. likely the Raptors in Block V will be next year

if no drill this year then down to 2.5p Its the fear this may be the case hence why the current share price is what it is, so risk v reward is a drop of 1-1.5 p to upwards of 20p

I agree, A huge test ahead this evening for MB, The BoD have been way too slow to get to production. He needs to persuade investors and institutions he and the company are committed to first oil this summer.

We are still being held up by placing sells and not enough buyers at the moment who i would imagine are on the sidelines waiting to invest once rig contracts are signed.

Also the increase of deramping on this board has been very noticable of late, Could they possibly be wanting a cheaper entry?

SO that drops the market cap here to only 32 million Beyond words at how cheap this is now. almost priced at no production this year. Shame no spare cash to take advantage

yep normally a good sign when derampers post. they are not posting to save ourselves from a financial loss are they?? good fair analysis FA as per usual, and yes for a potentail 1-1.5p drop on a years delay to +25p gain at best this year, it does make investing at these low levels (35 million market cap) very attractive

holding 1.3 million here from 3.07p to as high as 4.69

bargain bucket territory again my buy poorly timed yesterday yet another small top up of 24k of share at 3.68. Now fully overweight in this stock!

just made a purchase of 204200 shares, not showing yet, at 4.174p I am very confident we will be producing at Heron 1 this year and feel the share price is very undervalued that's my lot for the moment with 1.3 million shares