Member Info for investor33

Furry ; at least when the refinery is completed, all the nonsense to do with the PC contracts/ slow payments/ transport and processing charges etc will be consigned to history.

I'm not sure how it will pan out if PC turn out to be the farm out partner !

@Hamm ;

" Since you’re the online expert and research master here, enlighten us with your views! "

I'm enough of an "expert " not to have predicted "40p on production " in early 2024 when the company had no funding for any drills or wells....

If a farm out is secured then IMO the elevated oil price will suddenly pay off for MATD, and will suddenly be reflected in the share price. In terms of the share price, going from $60 a barrel in January to around $105 today, this has had zero impact so far on our share price. That's because we only have 2 operational wells.

Like I said, I would rather have say 60% of 20 wells quickly, than 100% of 4 or 5 wells slowly - especially with an elevated oil price.

Hamm - instead of speculating about farm out timescales which you most likely have zero experience of, how about doing some research and find out how long the BG Group farm out negotiations took back in 2015 ? That's a direct comparison with a previous farm out that this company secured.

BG Group were then taken over by Shell, and they cancelled the farm out- though they paid about 10m in compensation to MATD.

The way some people talk you would think that this company has never signed a farm out in its entire history.

I think one question that needs to be asked at the AGM is how much in total has been spent on Sunsteppe so far, given that MATD seemingly pays the wages of all their staff.

Effectively in recent years Sunsteppe has been funded indirectly through our capital raises, though hopefully since Gazelle came online this may have changed, and the wages are being funded directly from our oil sales.

I'm not getting too over excited about the oil price. It's positive for the company of course, however we have two operational wells - not 10.

TBT ; I think you will find that most people dipping in and out of microcaps aren't using CFDs - they buy and sell actual shares, not derivatives. I've never heard anybody on here refer to them using CFDs. And as CFDs are leveraged products, you may well find that amateur traders who use them over expose themselves, and take bigger losses than if they had simply bought and sold the underlying shares.

Plus CFDs are often used to trade the indices, as an alternative to say a leveraged futures contract. And trading indices is a very difficult technique to master - I'm sure that many of those CFD losses are accounted for through people trying to trade the FTSE, Dow etc.

If I've ever learnt one thing from my time here - it's that managing your exposure to microcaps is essential. Just look at a MATD chart going back say 10 years - it's a rollercoaster of peaks and troughs. Even drip feeding in over several years hasn't been a particularly good way of limiting exposure. Only dipping in and out regularly has been a low risk strategy so far. I would say that this goes for all penny shares at the exploration stage.

TBT ; I'm afraid that I would have to disagree with quite a bit of what you wrote.

For a start, as I've mentioned before, the distinction between " investors " and " traders " isn't clear. I mean, how would you define a trader ? Does an investor need to have held for a minimum time period of some kind, or to be in it for dividends as well as growth ? It reminds me of how Labour tie themselves up in knots trying to define what a " working class person " is.

And logic says that with highly volatile micro caps, the longer you are in the market, the more exposed you are. Plus the risk of losing out on cost opportunities elsewhere. Those who bought in over the last 10 years or so and have just left their money in regardless, are nearly always heavily underwater, whereas those who have dipped in and out over that time have clearly left themselves less exposed to the extreme price volatility, and have quite often managed to bank some profits. And with no dividends having been paid over that period, just sitting on the shares for years has not made the cash invested do any work.

IMO there's a world of difference between the exposure you have with main market shares and the exposure experienced with super high volatility penny shares. I'm not a trader myself, but I realise that it was a mistake to just keep holding over the last few years. That's not to say that the same will apply in the future.

Abzzba - it's a general problem with internet chat forums these days. You even see it on the likes of sports chat forums. Lots of loud, egotistical and abrasive men with strong opinions about everything seemingly - yet how many have informed opinions ?

The troll called " KoolKat " was so happy on that Friday a few weeks back, when it looked like the Strait was going to open again, and so he predicted " 50 USD oil by mid May. "

That's the kind of thing you get when certain people only post on here in order to spite MATD shareholders. They come up with total tripe.

Fair enough Ten. Hopefully it will come good in the end for those of us who have supported the company, despite the flak we have received on here from some pretty unpleasant individuals.

By the way, IMO when projecting a positive attitude towards the company and its prospects, filling multiple posts with repetitive hyperbole isn't a great way to go about it. That's the kind of thing that Wos always used to do, and it doesn't induce credibility.

IMO someone like Abzzba gets the balance right. Hyperbole doesn't work - it just becomes irritating.

Gadgie ; " Farm in Partner could be waiting to see Gazelle resource upgrade & Gobi producing prior to signing ....Gobi alone significantly improves any deal being negotiated ? "

So far this year there's been no activity at any of these sites hasn't there ? IMO Abzzba is correct with his comment about this.

Furry - that is an interesting article.

I notice there was an intention for " at least 5 wells per year " whereas in fact it has been one well per year so far. I think therefore that criticism can be levelled at the management for over promising and under-delivering since the LP was granted in May 2024.

Legendhasit ;

FYI, I'm no happy clappy on here. I've voiced frustration in the past about how things have worked out so far, and I've given reasons as to why I believe the company shouldn't try to go it alone. One of these reasons is that in two years since the LP was granted, the company has only averaged one well per annum, and has raised twice in that time. You wont see me ramping with 10 posts a day, and with emojis showing a rocketing price on a chart.

Equally however, you wont see me going on to the boards of companies I have no interest in, and rubbishing the company and its prospects. There is such a thing as defamation, and once you defame a company/ its CEO/staff etc then you open yourself up to that company potentially obtaining a Norwich Pharmacal Order to reveal your name. Some of the extreme defamatory comments made by one or two on here have already been bundled up and sent to this company.

Legendhasit ; I get that you don't rate this company - though seemingly that view is based on not even bothering to read the various RNS releases in the last year.

What I don't get is why it matters to you to come on the board and pour out a load of schadenfreude towards the shareholders. Presumably it's because that's the kind of person you are ?

If you don't like it, then fine - that's your prerogative, but it's disrespectful to shareholders to rubbish something that you aren't even interested in. How would you like it if people did that kind of thing on your Empire Metals ?

People who enjoy schadenfreude for the sake of it are usually at the higher end of the narcissism spectrum by the way - empathy and narcissism are inverse.

Legendhasit ; I notice you missed out the October 2025 RNS re another productive well coming online, which is producing around 175 bpd currently. That's Gazelle 1 in case you didn't see the RNS at the time.

Actually, make that 84p for Empire Metals in Sept 2025.

All checkable facts...Lol.

@Legendhasit ; Here's a checkable fact for you.

Empire Metals share price Sept 2025 - 71p.

Empire Metals share price today - 33p.

Hamm ; have you any direct experience of oil farm outs to know what constitutes a long time or not ?

Why not find out how long the BG Group farm out deal took to sign as a direct comparison before coming to rash conclusions.

It's just that given that you predicted " 40p on production " it's hard to take your opinions seriously sometimes.

Kronomaster ; well done pointing out that the share issuance wording is exactly the same as last year's. It doesn't mean that they will act on it..

Hamm ; if that wording hadn't been included, then how do you think that would influence the thinking of the counterparties in terms of the options available to the company ?

Think about how Trump always bleats on about" who holds all the cards " or who " doesn't have any cards to play ..."