Member Info for investor33

Master ; if it's any consolation, I'm in the same boat. I should have dipped in and out of this share multiple times over the last few years - buying in between 1.5p to 2p and then setting a limit sell around the 4.5p - 5p mark.

Furry ; it's just that you have put a very negative slant on everything, but fail to make any comparison with where Soco we at when the sale of Block 19 went through in 2005. In comparison with their position in 2005, we are in a much better position. So a degree of perspective is good.

I still don't know exactly why the sandscreens were not mentioned in the RNS - probably because they are awaiting receipt of the payment before they announce anything. My understanding though is that the best performing PC wells in PC's Block 19 required sandscreens - so it's very premature to read too much into the current H1 output. Lets' wait and see.

And if H2 ends up boosting the output of several other nearby wells, then it will have been well worth the expenditure.

Master ; didn't you do any due diligence re the management before you bought any shares ?

And back in 2023 when it hit 7p, why didn't you sell with a healthy profit if you had realised by that point in time that the management wasn't up to the job ? I presume that you had already been holding the shares for several years up to that point ?

"and I doubt that PC made hardly any use of the 27 wells which Soco drilled in return for their 350 bopd." I meant to write.

"If its so easy to find oil the why does PC have 300+ wells and only produces around 14,000BPD ? "

300 wells producing 14,000 bopd is an average of 46.66 bopd per well. Let's say instead that PC have 330 wells - that's an average of 42 bopd per well.

In which case H1 is already a very good producer.

And I doubt in PC made hardly any use of the 27 wells which Soco drilled in return for their 350 bopd.

To put things in perspective, Heron 1's current ( preliminary ) output is already almost half of what Soco were achieving in total from some 27 wells in Block 19 when they sold it....You wont ever hear the likes of Adw or Doc showing any awareness of this however. Those trying to make it sound like a huge disappointment are frankly living on the planet Zog.

And the repurposing of H2 will presumably help boost the production from any other wells which are drilled in that vicinity ?

Proquo ; of course if I put my cynical hat on, I might think that PC have been cooperative with the data etc because it's in their interests to know as much as they can about MATD's operation.

They must have provided the 3D seismic data for a northern part of Block 20, as they had it done for Block 19, but they also had it extended into some of the acreage of Block 20, and which MATD have been using for H1 and 2, Gazelle and Gobi.

Good comments Proquo to balance a little the debate concerning PC.

"these really large bullish green candles up to the end of May last year " I meant.

"IMO, to me it seems too much of a coincidence that the SP has been suppressed since the granting of access when we all know the SP has bounced around for many years, from 2p up to 9p and now its languishing between 1.2p and no higher than 2.5p, with the company way further ahead than they have ever been. "

I tend to agree with this. It's very apparent when looking at say a 5 year candlestick chart. We used to have this really large bullish green candles up to the end of May last year - and since then, virtually nothing. And when we get a half decent green candle, it's incredibly small and muted compared to how the price used to bounce around from the time that I first got involved, in late 2019.

And so far this year the price has been knocked back heavily each time it has hit about 2.4p - that's happened no less than three times so far in 2025. Very odd. Everything seemingly changed straight after the local access consent was granted....

Dozza ; " lso this Aqui, whatever his profile name is as he is filtered. Another ID for Professional/ADW. The scumbag Professional used to try and attack me with ageist comments. Same person, total vile scumbag. "

I totally agree - possibly even the most vile one on here. And he may well be Adw - a " coincidence " is that both said that they had lost the same amount ( 4k) after they sold their MATD shares....

Proquo and Dozza ; thanks for your thoughts, which obviously differ completely on what has been going on. It's got to be one or the other. I'm tending to lean towards the price suppression theory though. Volume levels are usually very low on a daily basis, and this gives more scope for price suppression if that is what has been going on.

On the other hand, Met1 currently has very lively price action in both directions, with relatively speaking vastly higher daily volume levels. And so far they are all about nothing more than future promise, so this might support Proquo's argument.

Dozza ; I agree with your thoughts about PC. I'm really hoping that a JV or a sale don't involve PC. The length of time that it took them to approve the contract, and now what looks like some form of gamesmanship with the payment says it all really.

RealPro ; " When people talk about heavyweights & minnows referencing the current situation regarding Heron oil production receipt from Petro China I believe part of the revenue is owed to the Mongolian Govt through the production sharing contract. "

Funny how the negs fail to realise that PC are also withholding revenue from the Mongolian government right now....The sooner the MG gives PC the information which they require, the sooner the MG will get paid.

A crazy spread on this isn't it ?

BP ; the debate is limited to people with a degree of intelligence. Sadly, that excludes you.

RealPro ; I was looking at MATD 5 year candlestick chart yesterday evening, and what really struck me is how short the bodies of the candles have been ever since the local access permission was granted at the end of May last year.

The last really strong green ( bullish ) candle was at the time that the consent was granted, at the end of May 2024. This is odd, because over say 10 years there have always been a number of really bullish green candles in any given year. And the candles in both directions have tended to have much longer bodies.

In previous years the candles were much bigger at certain times of the year ( typically the first half of the year ) For example, in the first half of last year, there were several strong green candles before that last one in May, and the price action was generally lively. In 2023 to take an example, there was that really strong move up from 2.5p to 7p just a few weeks after the 2.5p Feb raise. Back then the company had no legal access to Block 20, so no work could commence.

This makes me wonder whether deliberate price suppression has been going on for the last year. An entity could buy say 50m to 100m shares and then use them strategically to drip supply into the market. And then when the price has dropped heavily, such as it did over winter, buy some more in around the lows in order to keep this drip supply feeding process going for many months.

It's almost like since the local access permission was granted in May 2024 that it's a different company that I'm looking at in terms of the price action as revealed in a chart. So far 3 times this year the price has bounced down from the 2.4p to 2.5p resistance level, to support levels of about where we are now. However, the candles are generally just really muted, and have been for the last year or so.

BP ; try actually reading the highly discriminatory, ageist remarks that this Aquisace person made abut elderly people in general. It's really symptomatic of what modern Britain is like, assuming that Aquisace is in his 30s or early 40s. People brought up to have zero respect for other people.

And Churchill was 65 when he became PM in 1940. So much for your theory !

Aquisace ; no I'm not actually. However the attitude that you seem to have towards elderly people speaks volumes about what has gone wrong with modern Britain. No wonder so many people have left or intend to leave the country.

Haven't you got any grandparents Mr Narcissist ?

Aquisace ; it's pretty thick to call someone old when you have no idea what age they are.

Secondly, ageism is a pretty unintelligent ( as well as vile ) prejudice to have, given that the person who is prejudiced eventually becomes that which they are prejudiced against.

Are you into racism and sexism as well ?

From Psychology Today ;

" In terms of the Dark Triad, higher emoji use was linked to higher narcissism in both women and men, with highly narcissistic women showing the most emoji use. For men only, higher Machiavellianism was linked to more emoji use. No associations were found for psychopathy. In terms of the Big Five, both men and women with higher extraversion reported more emoji use than introverted people. For men only, it was also found that people with high neuroticism (indicating mood instability and difficulties dealing with negative emotions) specifically used more negative emojis than other people. Moreover, high sensation-seeking in men and high openness in women were linked to more emoji use. An advanced statistical analysis showed that the best predictor of emoji use was narcissism in women and Machiavellianism and neuroticism in men.

Taken together, the most striking finding was a link between emoji use and narcissism, particularly in women. The scientists speculated that this link between the Dark Triad and emojis could be explained by the fact that emojis may be used as part of a communication strategy centered around self-promotion and impression management – something typical for narcissists."