Member Info for investor33

The bid is 2.10p now Aquisace - so why not take your profit and f**k off ?

* exited.

Aquisace : hard to believe what you say given that you could probably have excited just the other week at around 2.1p but seemingly didn't.

And I remember you saying how you were recouping your losses on MATD through profiting on Met1. Yet the share price when you said that must have been about break even with your MATD shares at the time, and it is now.

Doesn't add up - you sound like a liar.

Aquisace ; you said previously that you got rid of most ( or all ? ) of your MATD shares didn't you ?

In which case you most likely took a large loss. Kettles and teapots ?

It explains your demented bitterness though - you sound like Clouseau's boss.

Aquisace; just clear off then now you are a multi millionaire seemingly. Hope you sold out before that 30% drop on the Monday when all those warrants/new shares hit the market.

I may dip in again when it happens the next time. Lol.

Aquisace : have you noticed the huge dilution with Met1 recently ? Lol. There will be a lot more to come as well. It will be years before they make any income.

Still, I made 2 grand in a week swing trading it, and only risking 6k to make that....

BP filtered. The same kind of snide, cynical, sarcastic remarks that Doc always makes.

Actually, I wouldn't be surprised if it's the same person.

BP : how about leaving serious debate to the grown ups ?

There was an article in one of the tabloids yesterday talking about how lots of companies listed on Aim are leaving the index and joining the main LSE ones instead. So leaving the junior index.

This is due to the huge capital outflows out of Aim apparently. Makes me wonder whether the poor performance of oil and gas companies on Aim in the last year has had a lot to do with this. MATD were told by their broker recently that the weak share price is a widespread issue weren't they ? I think some investor wrote to them asking about the decline in the share price since about a year ago now.

Maybe the company should look at leaving the junior index ? Sounds like a sinking ship to me - and Reeves isn't exactly helping things either.

Wigster ; I guess the viability of going it alone would depend ultimately on how much can be extracted from H1 and H2. Right now the oil seems to be covering the running costs of the company. As you mentioned, an increase to let's say 400 to 600 bopd would hopefully open the door to reserve based lending if it isn't available at 200 bopd.

I'm just not that keen on the going alone option, as the Progressive report did mention what seems to be the ' complex geology of Heron. ' Therefore favourable results from say the next two wells could not in any way be guaranteed. What if the next two wells started off like H2 ? It's a totally different matter of course if you have the funds for 300 wells like PC have done on their side - no doubt some of these have produced results like H2 has done so far. It wont matter a jot to them now though.

TT1981 ;

" Good question... I'm torn between thinking there is clearly an agenda of sorts (although I'm not sure what exactly as very much doubt their comments on this BB will ultimately impact the SP) to also thinking they just very much enjoy winding people up on here who bite continuously."

I'm certain that nothing anybody writes on here, or any board impacts on the share price. I've never bought into the ramping/deramping narrative, as though what a few people think and write influences materially the share price - even on low volume micro caps.

I think that you are right when you say that they just enjoy winding people up. That's why green boxed them a while ago, and why I wish everybody would do the same. Expressing on here a non-stop schadenfreude narrative seems to give people an addictive dopamine hit. That's why Adw is always trying to find out what each person's average is - he probably stores the data in a metal filing cabinet in his room.

$150 to $200m would be my guess at a valuation. So the same as Proquo. It's my preferred option, followed by a JV. Going alone should hopefully be a non-starter, which means that a raise wont happen, despite what Doc/Adw post about day in day out.

Anyway, why aren't those two looking hard at other companies which look likely to do a raise. Why just MATD ?

Also, I would have thought that the current relatively low price of oil would be incentivising the Chinese to take advantage and go ahead with an offer. They wont miss a trick like that one would assume.

Thanks Abzzba.

Given that PC paid Soco $93 million in 2005 - which is is worth approximately $120 million when adjusted to today's money - and given that the price of oil was $44 back then, then I would have thought that it has to start from $150m. And that's even if it is the Chinese.

Abzzba ; as a matter of interest, how much would you value MATD's 214 square kms side of the TAMSAG basin to be worth approximately ?

Thanks Proquo.

Going back to the $93m that Soco paid PC back in 2005, $93 million in 2005 is worth approximately $120.8 million today, based on inflation.

Apparently Soco drilled some 27 wells, yet only extracted 350 bopd. Yet PC subsequently made a big success of the field. So there's your precedent.

Krok ; so I read some of your previous posts. Seems that you bought MATD shares at around 2.5p hoping to double your money. I'm guessing that you bought in late last year, which if so was the worst time of the year to buy into this company. A study of price action via a 10 year chart would have told you that. Anyway, you still haven't explained how the share price went from 2.5p to 4.8p in the first half of 2020 during covid, when the borders were shut and the company had absolutely no legal consent from any authority to start on Heron, even if it were possible with covid raging.

I notice also that you seem to like WG - the Wood Group. This is the company whose share price was about $4.5 in early 2021, and was recently valued at 55 cents, though currently its temporarily delisted from the LSE due to not filing its accounts.....Maybe we should all pile into this company ? LOL.

And if you did some research, you might find that in 2005, Soco International (now Pharos Energy) sold its Mongolian interests to Daqing Oilfield, a subsidiary of PetroChina, for approximately $93 million. At the time it was sold, Soco had drilled 27 wells and was extracting a grand total of 350 bopd..... ! So that's why what you wrote about no party being interested in a buyout or JV is total BS.

Besides, H1 has a proven flow of around 800 bopd, yet you ( like Doc, Adw and other oil industry laypeople ) persist in believing that 200 bopd is the limit. Already the pressure spike issues have gone away, and the sand issue may have done the same by now. If not, the sand screens are a simple, cheap fix. Apparently many of PC's best performing wells on their side have required sand screens. So what you wrote is simply full of factual inaccuracies.

If spending virtually every minute of the day from 7am until 10pm 7 days a week, speculating about the likelihood of a raise made people rich, then Doc and Adw would be multi millionaires by now !

Manx ; there's clearly plenty of liquidity for someone to sell into.

Badprophet - read my last post.

The MMs no doubt getting rid of the 4m or so shares that they bought on the bid - probably when the bid was around 1.85p last Thursday.