Member Info for investor33

Master - take a look at Met1's chart for the last couple of years. That's just one example.

Pump and dumping is almost completely the norm on Aim, as much of the price action is driven by traders.

Even a large cap like Jet2 - which believe it or not is still on Aim - has massively volatile price action. Low liquidity small caps are always targets for pump and dump price action, and their volatility is often off the scale completely.

People seem to think they are buying into a Shell or a BP when they buy into small cap resource companies on Aim.

Bixy ; " Since Buck actually took to the Helm October 2017 the Sp is in decline and unfortunately investors and the market do not believe a word he has to say anymore."

In October 2017 the share price was around the 7p mark, however if you went back just over a year to Sept 2016, the share price had been around 2.5p.

Which just goes to show that there was a lot of trader driven pumping and dumping going on during the explorer stage, and which went on for many years. So which price comparison you make depends on whether you pick the bottom or the tops of the numerous spikes. In May 2021 the share price hit around 8.5p.

"I really hope that the upcoming AGM and company update will be the kind that puts reasonable peace of mind back to many here, who may have lost it along the way due to delays, uncertainty, NDA-induced silence and so on. It is hardly surprising"

I agree - very well said Dan.

I just think that there are lots of anguished LTHs on here, such as Master and Hamm etc. I don't think that anyone can blame people for this - since the 5.3p achieved in late May 2024 when the LP consent was announced in an RNS, it's been a very rough and disappointing ride for the LTHs.

When you think about it, last year's raise was around 70% below the high of the year- so it's hardly any wonder that some have become very disillusioned. That was one hell of a shock for many. Let's hope that the hopefully imminent positive news turn things around completely for everyone.

Glad I don't subscribe to DM. It just opens one up to unsolicited communication.

TBT ; all pretty strange stuff.

Dan - thanks for clarifying.

Dan ; as ever, your post was balanced and well thought out. Thanks for that - you're one of the best posters on here.

I do maintain that the thing which really messed this company around more than anything else was that rogue provincial governor, who single headedly blocked the company from having access to Heron for around 3 years. Without him production would probably have commenced in 2021, and we would be miles further down the road than we are now. He more or less attempted to bust the company for reasons known only to him. For several years the raises were used mainly to keep the lights on, rather than to develop Heron and Gazelle.

Re cost opportunities. Someone might have bought £50k's worth of MATD shares at 7p in May 2023 and be £41k down by now, or they might have bought Rolls Royce shares in May 2023 at around £1.50 and would recently when it hit £13.50 have converted that to around £450k.

Now that person who bought at 7p would most likely be only interested in trying to just about break even. Choices and decisions can make or break us.

TBT ; what kind of things does he say ? Why doesn't he just find something else to do with his life other than obsessing about LSE chat forums ?

FYI, going on an email that I received at the time ( back in Jan ) the company did get directly involved in dealing with one of the most toxic people that ever appeared on this board. He was permanently banned from the MATD board in the end.

Dan ; isn't there a third party involved with the 200 MW project in addition to Sunsteppe and MATD ? I seem to vaguely recall reading this, or maybe it was just referring to a contractor of some kind ?

Thanks Dan. I guess an RNS on the day itself is quite possible.

Just wondering what happens if there is no RNS prior to the AGM ? A farm out can't be announced during the AGM can it ?

Good questions Dan.

I don't know - seems that the flow rate would be instantaneous, whereas the " ultimate well recovery " is based on the whole life of the field. Obviously the latter percentages being quoted by the company of just 20 to 30 % are a massive difference to the shorter term flow rate of 1000 to 3000 %. Bear in mind we were quoted a 821 bpd initial flow rate for H1. I don't really understand why there would be such a massive difference between the flow rate and the ultimate well recovery figures quoted by the company. A question for the AGM no doubt.

" The primary difference between flow rates and ultimate well recovery (or Estimated Ultimate Recovery - EUR) is that flow rates measure the speed of production at a specific moment, while ultimate well recovery measures the total volume of resources expected to be produced over the entire life of the well.

Think of a well like a faucet: flow Rate is how fast the water is coming out right now (e.g., 5 gallons per minute).Ultimate Recovery is the total amount of water you will get out before the well runs dry (e.g., 500,000 gallons) Factors affecting it: Reservoir size, permeability, technology used (e.g., horizontal drilling vs. vertical), and economic conditions. "

Relationship Between the Two ; While they measure different things, they are related. A higher flow rate maintained for a longer time generally leads to a higher ultimate recovery. However, in some reservoirs, producing at a very high flow rate (high drawdown) can cause water to "break through" earlier, which may actually reduce the total ultimate recovery.

Seems that people are getting confused between " flow rates " and " ultimate well recoveries. "

Really that's the problem when dealing with technical subjects that probably hardly anybody on here is qualified in.

TBT ; that article is 13 years old now. It's possible that radial techniques have moved on even more since then.

The main thing is that the RJD mentioned in the article is low cost, and seems quite effective.

"The step-change in production after the RJD and acid fracturing is evident in Figure 10. Prior to RJD, the wells struggled to reach 200 bbl/month. Afterwards, production reached nearly 500 bbl one month and is consistently in the range of 250 bbl/month. Table 2 presents monthly production data for the old wells before and after the workovers.

From 2008 to 2010, the field averaged 157 bbl/month from the old wells. For the nine-month period after the RJD/acid fracturing treatment, the wells have averaged 264 bbl/month. However, much of the variation in historical production is due to fluctuating well count. During periods when wells were shut in, production was down. Table 3 summarizes average monthly production per well, and Figure 11 is a plot of this data."

So the improvement with the old well production was marked - though nothing like a 1000% increase, or whatever figures have been bandied around on here. Of course, with H2 it might make the well commercially productive.

Re RJD ; this article is interesting. There are some disadvantages as well, which the article mentions ;

https://drillingcontractor.org/low-cost-radial-jet-drilling-helps-revitalize-40-year-old-oilfield-23377

How many working days now until the AGM ?

My guess is an RNS either tomorrow or the following Thursday.

Hamm ; what you wrote is fair enough. I'm glad that I didn't know about MATD until late 2019, though now I wish it had been just last year !

Do me a favour though - stop the online course nonsense. The most I have ever looked at are free Youtube clips by professional traders. And sometimes I think they know what they are doing far better than amateur investors on Aim.