Member Info for investor33

Heron 1 producing at 500 bopd for 25 years ( ie the term of the Special; Purpose status ) based on a price per barrel of $43, would result in $193.5m profit....

Actually, I based those figures on $40 a barrel, not $43, so the figures will be even higher as it stands currently.

I don't think that most of the critics understand the value of the oil assets alone which MATD has currently - especially given that the Special Purpose status was recently granted by the MG for 25 years. A typical criticism is that H1 is ' only' producing 200 bopd currently. Obviously the sand screens will very likely increase this production significantly - especially as the pressure issues are no longer a factor.

Well, have they considered that an oilfield typically lasts for 20 to 30 years, and MATD has a licence for 25 years ? So Heron 1 at its current relatively low production rate of 200 bopd is still giving the company a profit of around $2.88m a year. Multiply that by 20 years and H1 currently gives a profit of $57.6 m or if you like, 25 years, which is a grand total of $72m.

And then consider H1 alone producing say 500 bopd after the sand screens have been fitted - giving a profit of around $7.2m a year, or $144m over 20 years, or $180m over 25 years.

So when it comes to valuing the Heron field, and what PC may be willing to pay for it, people need to do some maths. I would like to know how much profit in total PC have made from the field that they bought from Socco. And I understand that Socco were only producing about 350 bobd from 27 wells when they sold it to PC.....

And Zenith Energy isn't a pump and dump based on this info ? ;

" Over the last year, Zenith Energy share price has been traded in a range of 10.70, hitting a high of 11.90, and a low of 1.20. "

CLT95 ; how about staying away from this board as well if you don't like the company ? Or should we make derogatory comments about what is apparently your favoured share - Zenith Energy, which was £1.32 in early 2017 and is now - wait for it - 9p ? That's not even a pump and dump - it's just one hell of a protracted dump....LOL.

And given that you said on just the 9th March that you didn't know much about MATD, how about showing some intelligence and noticing that even in the Covid year 2020 with the borders shut and nothing happening, it still managed to go from 2.5p to 4.8p during a time of year when the share price is traditionally strong ie the start of the drilling season.

And maybe also consider the fact that this is in fact the first year in which the Heron field could be sold to the likes of Petro China, whose other half of the field is running dry. This is now far more likely given that the Special Purpose status was only very recently granted a month or two ago, and which now gives the company access to the land for 25 years.

This makes a sale much more desirable to someone like PC, and also makes it far more likely. Watch what happens to the share price if they get 150m to 200m for it....

Looks like the ' drilling season ' effect is starting to kick in now. Happens every year.

We are only a couple of weeks away from work commencing at Heron again, and it's been a long winter.

Fabbzak ; are you all right ?

Proquo ; they are probably all fretting about ORCP, which is down nearly 9% today....

JonnyRod ; a ' dog of a share ' seems a more apt description for BANK given that it's gone from 13.25 on 12th Feb 2025 to 7.25 today....LOL.

TenBag ; if you take this ' bamb ' person, I notice that he pumps GSCU. Well GSCU was at 1.3p at the beginning of March. Over the last few years the share price has jumped around wildly, just as MATD's share price has done. At the moment it's at 3.7p, but it could just as easily fall back to 1p again. It was nearly 5p in late 2021 and has twice dipped to around the 1p level since then.

The bottom line is that these micro caps are hugely volatile in terms of price action. Yet the bashers take a snapshot share price when it suits them, and ignore the price action going back years. MATD's price action is normally between 100 to 450% between the low and the high of a given year, and many of these micro caps are very similar. Yet the negs try to make it sound as though MATD's share price action is unique, and fixed on a snapshot share price at a given time.

JonnyRod ; a ' dog of a share ' seems a more apt description for BANK given that it's gone from 13.25 on 12th Feb 2025 to 7.25 today....LOL.

I've blocked him, but if that Adw person is still moaning about pressure issues to be sorted out, then that shows what he knows - absolutely zilch.

Presumably he knows more than Jerry ( forgot his surname too ! ) PM's technical expert ?

Thornogson ; according to PM's technical guy, Jerry, the pressure issues no longer exist.

It sounds like it's just sand screens which are needed. They will be sorted early in April most likely.

Cheers abzzba.

I'm looking forward to Heron 1 producing 500 to 800 bopd very soon.

H2's initial results may be a blessing in disguise. I think having seen how the markets reacted in mid November to news of the disappointing initial results from H2 has made the management realise that trying to go it alone with limited resources is just too risky.

It's just what I was saying in a couple of posts just prior to the AGM - that the ' complex geology ' of Heron was identified as a risk by the Progressive report, and this makes the notion of going it alone one which doesn't make great business sense. The tone of the AGM was one of caution and realism about the fact the PM is still a smallish company with fairly limited financial resources. MB also mentioned how hard it is to raise finance these days.

StockMaiden bought £100k worth of Rolls Royce shares back in 2020 when they were 38p didn't he ?

Oh no, I got that wrong - he bought a load of ORCP shares instead.....

Abzzba ; it was actually the technical guy Jerry who ( initially at least ) said that effectively the pressure spike issue has gone away.

That's great news, as presumably no new well head will now be required. And the sand screens can be fitted cheaply and quickly.

Given that it was specifically mentioned that PetroChina have had great results with their best performing wells after fitting sand screens, I think that it's highly likely that H1 will soon be producing a great deal more than 200 bopd.

Thorno ;

" Ongoing jam tomorrow story from a CEO with a proven track record of ########################## (details withheld following legal advice). "

Good one !

Fabbzak ; except that MB bought $100k worth of shares himself at - I believe - 2p.

What's your next great theory Sherlock ?

Oh, and Blencowe Resources did a raise at 4p in November, so its current share price of 3.88p is below the raise price....

What gets me is that you get people on here criticising MATD heavily, so then you look into their profile at which companies they are backing. One yesterday recommended Blencowe Resources, so I looked at its chart.

So Blencowe Resources has the same kind of price pattern as nearly all LSE micro caps over the last year or so, including MATD's. It hit a peak of 6p in mid May 2024 and then declined for the rest of the year. It's now 3.72 having gone as low as 3.5p in December. Its peak going back further was 8.5p in early 2021.

And then you get something like ORCP which has been a slow motion car crash - down from 1p in 2020 to 0.015p today. Is it Stockmaiden who backs that one.

Most microcaps on AIM you will find have had a weak price action since about May or June last year - the index itself has fallen quite a bit in that time. It's not MATD specific as the negs would like to have us believe. And its not down to MB as Master would naively like to have us believe.