Member Info for investor33

" bile and vitriol " I meant after correcting predictive text.

And I will choose when I eventually exit, which anyway won't be in one hit, but done gradually. I can afford to wait thank you.

Corpse - interesting that you peddle the " fact finger " ( as you call it narrative, when in fact the individual who eventually got permanently banned from this board apologised at one point for mixing me up with someone else who actually did a " fat finger purchase." You are no more accurate about that than you are about knowing whether the IOM is in the UK or not...

And I'm no happy clappy - I have pointed out a few things that I'm not that happy about as regards what the company has done in the last few years, however what some don't grasp is the difference between honest debate of the pros and cons versus a relentless campaign of bike and vitriol directed towards the company and its shareholders for the sake of getting some cheap thrills. That nicetomachu person doesn't debate, he just taunts and mocks because that's how he seemingly gets his dopamine kick.

As a basis of comparison,Nicetomichu's Jadestone Energy ( JSE ) had a loss after tax of $110.7m last year.

It's net debt stood at $89.1m.

And ;

"The Stag field asset is temporarily offline following damage from Cyclone Narelle to its offshore offloading buoy. Repairs are underway with a projected production restart in late 2026, though impacts are mitigated by comprehensive business interruption insurance. "

Maybe he should discuss this type of comparison on here, rather than making inane "Wos" impersonations which probably only he finds funny. He's basically a troll with nothing meaningful to post, which is why he's been reported.

BP ; better than your chum corpse's efforts at " forensic " corporate financial analysis !

He seems to think that the IOM is in the UK, so kept quoting the 2006 Companies Act in relation to MATD !

Nicetomichu's favoured punt is Jadestone ( JSE) by the way, which is down from £1.10 four years ago to 27p today.

Sounds like he needs a Wos to ramp it a bit more....

" Nicetomachu " reported to the mods. He doesn't debate anything in terms of the pros and cons - he simply peppers to board with what he believes are hilariously funny imitations of the " Wos " character.

He must think about "wos" day and night for some reason, which is as weird as the name he uses on LSE.

Mmafr ; I think that's a fair and well balanced assessment, with one exception - you are not taking into account the Sunsteppe side of things at all. MATD is no longer just an oil business - that's why the company is paying the wages of the Sunsteppe staff.

If the 200 MW project reaches the RTB stage later this year, then it can be sold to a developer. That's a reasonable chunk of cash when you work it out - enough to do at least a couple of drills at Gazelle for example, and to finish one well.

Fair enough Furry - no worries.

I did send an email to Mike late last year in which I offered my opinion that the volatility and the frequent price spikes during the exploration years was mainly down to traders dipping in and out before and during the spikes, and that the muted price action since production started is down to the traders puling out and looking for opportunities elsewhere. Volume levels are usually extremely low.

Possibly this might have helped bring about a decision to pitch to the longer term thinking institutional money in order to replace speculative PI money which drove the spikes during the exploration years.

Furry ; wow, you are a bit on the patronising side...

Anyway, I'm fully aware that today's RNS is simply a corporate requirement. And ok, the AGM confirmed that the oil is not being sold on a monthly basis.

You keep talking as though there's a real risk that PC will never pay up, which is what the biggest critics on here were saying for many months about the 30% withheld payment until it suddenly got paid. And then they shut up about it.

My view is that PC are a total pain, and that their frequent stalling is deliberate, however I know that they will eventually pay, because there's a precedent that this is what eventually always happens. Plus, they are also effectively withholding a payment to the MG, which is something that people like you never seem to realise or mention. That's another major reason why it will get paid in due course.Having said that, I have posted on here recently to say that they should consider using the oil trader route that was mentioned in the AGM for 2027, as we can be sure that PC will play the same kind of tricks again.

Brent is currently 72 to 73 Dollars versus analyst predictions of 50 Dollar oil in 2026 due to a massive oil glut at the time. And MB stated in the AGM that they budgeted for 60 Dollar oil for this year.

Re the current oil price - what we consider to be " the oil price " is really the paper oil price, as most of the activity to do with oil is in the derivatives market. Physical oil is a different thing entirely.

The current oil futures contract has its last trading day in late July, so currently traders are selling up their contracts before it expires and they have to take physical delivery. Plus they will have been long squeezed with possible margin calls due to the sudden sharp drop - the opposite of a short squeeze.

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.

Gazelle only came online for the last 2 or 3 months of 2025, and there was the cost of finishing it. This current year's accounts will be improved on 2025's figures. Plus one of the renewables projects may bear fruit in this financial year.

Corpse the corporate finance guru, who kept on quoting the UK 2006 Companies Act in relation to MATD, even though MATD is incorporated in the IOM, which is not in the UK.

You couldn't make it up...😂

Could you imagine a person not liking the Ford Motor Company, and so every single day posting criticism of the various models of Ford, even though they didn't own any of them ? And also criticising and pouring scorn on anybody who drives a Ford....

It wouldn't be long before a letter dropped through their letterbox....

Abzzba ; that's why the FCA needs to bring in regulations to enforce it.

The FCA even !

The FSA I meant to clean things up.

I think that the LSE could clean up these kind of chat boards to do with investment by requiring host sites to have some kind of filter system. Proving that you own shares by providing some kind of documentary evidence for example.

At the end of the day, the only valid reason you could have for posting on a given company's board if you didn't actually own shares would be because you are contemplating in the future maybe buying shares. Otherwise the motive could only be for malicious reasons in some way - maybe a vendetta against the company and its shareholders for one example. Or just for the simple joy of dishing out schadenfreude.

You wouldn't be able to write highly negative reviews about a consumer product that you had never purchased, lest you might get into legal trouble with the manufacturer or retailer, who might decide to sue your for damages.

On the other hand If you had actually bought the product and you had genuine grounds for complaint about it, then that's a different matter - you are protected by consumer law, and you would have a right to review the product publicly.

I'm sure that if these LSE company boards were divided up into two groups ;

1) those who are allowed onto the main board only after providing documented proof to LSE that they own shares of a minimum monetary value ( say £1000 or whatever)

2) those who own no shares which they can prove, or have shares under the minimum monetary value, so therefore have their own board, and cannot post on the other main board. Neither board can post on the other board in fact.

I would be willing to bet that the second board would have very few posts on it, as their reason for being on the board would not really be for discussing the pros and cons of a given company, but rather for obtaining their daily schadenfreude dopamine fix.