Member Info for investor33

Hamm ; re going solo - I agree.

For me, the main thing in terms of going it alone is that company has averaged one well per annum for the two years since the LP was granted in May 2024, and has done two raises to finance these. That kind of progress is never going to ignite the share price. MB referred to the " hump " that an explorer has to negotiate when it becomes a producer, and that's what we have experienced for two years. If we had say 6 operational wells right now then it would be very different.

Hamm ;

My favoured preferences in rank order are ;

1) Sale of Block 20.

2) A farm out.

3) Going it alone.

For me, if a reasonable offer has been received, then it's best to sell Block 20 and then focus on Block 7 and the renewables arm.

Block 19 was sold in 2005 for what would amount to around $150m in today's money, given that in 2026 a Dollar only has 60% of the purchasing power it had in 2005, when Soco sold Block 19 to PC. And the price of oil between 2003 to 2005 had varied between just $38 to $54...

Master ; instead of bleating on here all the time, why not buy a flight and go to the AGM in Mongolia ? And then tell MB and his team face to face what you think ?

Trouble is - you're part of the get rich quick set - just like Hamm - who thought that they would become a multi millionaires once production commenced. If it was all so easy then we would all be multi millionaires.

Believe it or not buying shares in any market - particularly the Aim junior market - is risky, as per all those warnings you read on broker sites.

Master ; " Our team work for no more than 2 months in the whole year. "

Where exactly did you install the cctv cameras in MB's office/study, and in MATD's offices in Mongolia ? I'm curious to know. Also, I'm wondering how many hours per day you monitor them from your living room.

And given that " our team " also includes the Sunsteppe staff, I presume you also monitor their work patterns/ ethic from the UK ?

Glennhoss ; " Opening of straight 0.80. This has UKOG written all over it. "

Judging by the spelling, this post has written all over it someone who was a dunce at school....

Presumably those going on about it " being a casino " have never looked at any other Aim shares ? I love the way that MATD is always looked at in total isolation from the whole Aim market, as though it's some kind of exceptional case.

I think I would struggle to find any Aim companies with a chart showing price action that isn't off the scale in terms of price volatility. Maybe they can name some ? Why do they think so many traders focus on the junior market ? Take a look at Met1's share price to take one extreme example - 50p last May and now 1.5p a year later. Or maybe Orosur Mining - up from around 7.5p in summer last year to 40p by late Jan 26, and now back down to 20p.

It's what happens on Aim - in fact compared to some, MATD's price action is only fairly average in terms of volatility. I sometimes get the impression that some on here have only ever looked at the shares of one company in their whole lives....

Good points re OPEC TBT.

TBT ; if the situation did start to normalise then I would bet that OPEc would massively ramp up its production. I mean the Saudis alone could do this. Don't forget that leading up to this crisis OPEC had been cutting production sharply in order to try and drive shale producers and offshore explorers etc out of business.

Abzzba ; I take your point, however IMO we can't rely on the oil price staying this high for say a year or so. Oil has always been exceptionally volatile in price, and the geopolitical situation can change instantly.

Like I said before, I would rather have 60% of 20 performing wells at an average of 100 bpd two years from now than 100% of say 6 wells.

Also, if in two years time 6 productive wells were achieved through going alone, then this would require a 100% increase in terms of bringing wells online in both of those years than we have managed in the last two years since the LP was granted in May 2024.

Interesting how some people are now speculating that no farm out is going to happen, given that in February, when oil was around 60 USD we were told that a proposal had been received, and that MATD were urging this party to tie things up speedily.

And now that oil is virtually double what it was in February, supposedly the various counterparties - including the one who made the offer - are suddenly not interested...comedy gold.

Senator ; " And makes a Buyout more likely OR just strengthens our position re: specific Farm Out terms / Share allocated for cash injection etc "

Probably both.

IMO Hamm's not trying to take a position. I think he bought a huge amount of shares based on his belief that the share price would be 40p on production, as he told everyone in early 2024. Now he has no patience to get to break even again - so he panics and wrongly states that no proposal has been received, contrary to the February RNS.

Just thinking that a buy out would require an AGM, an EGM or some kind of general meeting for a shareholder vote.

Well said Gadgie.

For goodness sake TBT - just filter Doc like the sensible ones on here did ages ago. All you do is encourage him with the useless and endless tit for tat. He must love it - you are so easily triggered. Trolls want your engagement - don't you see that ?

Spot on Proquo 👍

I see that Shell is buying its rival, Arc Resources, in a takeover worth £12b. It's the biggest takeover Shell has done since it bought the BG Group in 2015 for £50b.

We had a farm out deal with the BG Group for exploration of other blocks back then. Shell pulled the plug after the takeover, and we were compensated to the tune of something like 10m USD.

With the majors having their coffers suddenly massively boosted, takeovers of fossil fuel companies must now be really on the cards.

None of us rely on the use of crystal balls.

Rolls Royce investors in 2019 couldn't have forseen the devastation caused to the airlines - and therefore RR's profits - back in 2019.

Nor could LTH investors in this company have forseen COVID followed by the provincial governor holding things up for three years. Plus you had those Progressive ( was it ? ) reports at the time valuing the shares at what turned out to massively inflated and unrealistic values - Wigster recently - and quite rightly - pointed this fact out.

Anyway TBT - given that you dominate the whole conversation on here with about 20 posts a day, how about revealing how many shares you own and at what average ?

" I just seem to think you have a complex about..." I meant.

Typing on a phone...

TBT ; why do you always refer to people purchasing shares as making "trades ? "

I still don't think you are clear in your own mind about the distinction between " investing " and "trading. " I just seem to have this complex about everyone being a trader.

Investors in Rolls Royce who might have bought shares in 2018 for both growth and income for around £4 wouldn't have been too happy when it dropped to about 40p during COVID in 2020. However, as they were investing they may well have held on to them regardless, and then they would have been very happy with the capital growth when it hit around £14 at one point quite recently. And in addition they would have been receiving dividends. They purchased shares - they did not enter into a trade.

Purchasing shares as an investor is not " entering into a trade." You also have momentum and swing investors who might be hybrid traders/ investors according to how long the trend and price action determines that they hold on to their shares. They might hold them for weeks or years.