Member Info for investor33

" Heron-1 is producing well with maximum deliverability estimated to be similar to or greater than the 821 bopd achieved on drill stem testing in 2019" so looking odds on for a good increase in daily production."

Just imagine if the sand screens were fitted, and they were suddenly getting 900 bopd from Heron 1.

What would that be ? About $1.2m a month profit ? Or $14m a year. Or $350m over 25 years. The MATD haters would be jumping from windows like bankers did during the Wall Street Crash.....Especially if they didn't get their cherished raise, and therefore couldn't make a their hoped for killing this year.....

Manx ;

"The rumours, I am led to believe, suggest that China is drilling deep into Mongolia to discover oil pockets and extract large amounts of crude oil without the knowledge of the MG."

1st April.....?? LOL

Wigster - reading what 'Professional ' used to write, and his poor spelling , you may be correct, though I was never sure if what he said about being Dutch was true. And of course, people can disguise how they write, so as to give an impression of not being an English native speaker.

Whatever - there's no doubt in my mind that ' Professional ' ' Adw ' and ' Doc' have been on this board for one common reason - desperately wanting a placing to happen so that they can take a big position as cheaply as possible.

And just on that point about typical share price weakness in November - what I meant is that IMO the MMs often use an RNS release as an excuse, and as a bit of camouflage. So typically they walk the share price down heavily once the drilling season ends, and that particular RNS - which really wasn't all that negative - happened at just the right time of year for them. It gave them a great excuse.

As an example of how they tend to manipulate an RNS, remember that time straight after the 7/07/23 RNS, when they shot the share price down to 1.8p on the 8am open ( having closed at about 3.5p the previous day ) and then spiked it all the way up to about 6.5p on the same day.... ? Total manipulation which was designed to hoover up shares very cheaply due to all the stops that were hit on that huge 8am down spike....

Dozzawaba ; IMO Adw is indeed ' professional. '

That guy also plagued the board non-stop for months prior to the last placing. Anda ll he ever bleated about what the likelihood of a placing - just like this Adw does now. And once the placing happened he magically vanished, and was never heard of again under that guise.

And lately he's been back again, like the parasite that he is. This time though, most likely he will not get his placing, though he seems to think that talking about it day and night on here may make it more likely. IMO fat chance of that.

And I'm sure that this ' Doc ' is exactly the same - another one desperate for a placing. I don't believe a word he said about this being a small ' spicy ' bit of his portfolio...Total BS. He's another one who thinks it's worth it to be on here all day every day if he can get a placing out of it.

Adw is too busy sharing his extensive knowledge and experience on other forums regarding ; rocket propulsion science, recent nano technological breakthroughs, AI programming and optimisation, the latest developments in neuroscience research plus his thoughts on F1 ground effect aero design and optimisation to possibly have the time to offer any of his thoughts on " a breakdown for each well, H2, Gazellr & Gobi, & what the issues and his expected costs are for each one.......LOL.

Jimithetoiletbrush now green boxed.

Given that Jimithetoiletbrush talks about little else other than MATD ( in his worldview ) being short of cash, of a ' definite raise ' and moans about the sales agreement/export licence timescales, it's highly likely that he is also ' Doc. ' They write in a similar way, and their spite and malice towards the company and its shareholders takes exactly the same direction in terms of what they chunter on about obsessively on here.

15 degrees during the day on Saturday in Ulaanbaatar, according to the BBC weather site. And into double figures during the day, and sunny all next week. We have the weather now to resume work.

Wigster ; look at the share price in November going back say 10 years.

It nearly always hits a yearly low in that month, because the winter shut down has just started.

Some people need to understand what patterns of price action mean...

"HARBIN -- Daqing Oilfield, China's largest onshore oilfield, produced about 22.61 million tons of crude oil and 4.25 billion cubic meters of natural gas in the first three quarters of the year, an increase of 184,300 tons and 173 million cubic meters respectively, according to Daqing Oilfield, a subsidiary of China National Petroleum Corporation.

The oilfield, discovered in 1959, accounts for 36 percent of China's total domestic onshore crude oil production.

For 20 consecutive years, from 2003 to 2022, its annual oil and gas production has stood above 40 million tonnes of oil equivalent.

Located in the northeastern province of Heilongjiang, the oilfield has made a significant contribution to China's modern petroleum industry. "

That article was in 2013 - their dwindling domestic production must now really be a critical issue some 12 years later....

Why Petro China ( and China's authorities in general ) may well be desperate to buy our half of the field ;

https://qz.com/121130/there-is-a-monster-aging-oil-field-at-the-heart-of-chinas-petro-purge

Master is indeed entitled to his opinion, however in the interests of factual accuracy it needs to be pointed out that the company lost several years due to a combination of COVID plus that rogue provincial governor refusing to sign a tripartite agreement which the MG has now finally granted.

None of these obstacles were the fault of the management of Petrol Matad. MB with his 15 million or so shares at an average of 2.75p has to date suffered paper losses far far larger no doubt than those of any long term investor. That's what they are though " paper losses " unless a decision is made to crystalise them. And right now people would be daft to do that - in my 5 years of holding the shares I have briefly been in profit in each one of those years. And that even includes the 2020 " COVID year" with nothing happening and the borders shut.

Master - has it dawned on you that whilst the local access permission and the tripartite agreement signing was being unfairly withheld, they were left with no other option than to do some wildcats ?

I bet you blame MB for COVID happening as well...

Unbreaded ; thanks for that nonsense dressed up to sound as though its based on some kind of financial in depth knowledge and expertise...

So SOCCO sold their field to PC in 2005 for $93m, having produced a total of 350 bopd off 27 wells. And the price of oil back in 2005 was about $55....

And yet your "expert valuation " for MATD's field values it at nearly half what SOCCO sold to PC for. That's laughable. ....

" Heron 1 " I meant to say in that example.

Abzzba ; " Current drilling techniques with 3D seismic deliver much better success rates than SOCO would have achieved between 1995 and 2005 when they sold the field to Petro China, somehow i doubt you will be interested in this."

Which also means that the current desirability of MATD's field is far greater than SOCO's would have been for PC back in 2005.

If you take Heron , and consider it producing say 500 bopd. That works out at about $7.5m profit per annum based on $43 per barrel. Over say a 25 year life of the field that amounts to $187m profit if the oil price stays at that level. And that's just one well !

So all the chatter yesterday about the sale of the field being worth less than say $100m is mindless nonsense.

Thorno ; I looked very briefly at what Rockhopper is all about, as I think you said you owned shares. I'm just curious at comparing Rockhopper with MATD, given that Rockhopper's share price is around 55p today. I notice though that they have far fewer shares in circulation.

From what I could tell, Rockhopper are in a JV for this Sea Lion project in the Falklands ( having a 35 % interest ) and have been given two loans by their JV partner.

They were also awarded a large compensation sum of 190 m Euros against the Italian authorities several years ago, however the Italians are trying to annul this arbitration award. However Rockhopper came to some kind of agreement with a specialist litigation fund, and ;

" the company announced this week that, having satisfied all precedent conditions – including receiving the approval of the Falkland Islands government – the fund has made the first of three potential payments, with €26m of the €45m handed over going to the litigation funder.

This fully discharges Rockhopper of all of its liabilities under the funding agreement.

Of the €19m retained by Rockhopper, €4m is going to its legal advisers, King & Spalding, as a success fee.

A further two tranches remain payable to Rockhopper upon a successful outcome of the annulment bid, which is before the International Centre for Settlement of Investment Disputes.

Tranche 2 is a contingent payment of €65m upon a successful annulment outcome and tranche 3 a potential payment on recovery of amounts in excess of 200% of the specialist fund’s total investment."

So in a nutshell, Rockhopper is still an explorer with lots of promise, but not yet an oil producer selling any oil. It has received about 15m Euros from this litigation fund so far, but it has also taken on a couple of loans at about 8% interest in order to develop this Sea Lion project.

Doc and Adw are either working for someone who wants to take a large position on a raise, or they are wanting to buy in in a raise themselves. I suspect that Adw was ' professional ' who also flooded the board talking about nothing but raises. Either or both of them may also be working for a MM who wants to accumulate heavily on a raise.

And it's worth considering that at the level of the share price low over winter, MB will have been down by about £230k on his holding.....Do you really think that he wants another raise??