Member Info for investor33

TBT ; you don't seem to understand that most investors will refuse to sell at a very large loss. A paper loss is a paper loss until you decide to crystalise it.

Someone who is say 70,% down is highly unlikely to sell up, because what the hell are they going to do with the 30% that is left ? That's the whole flaw in this " opportunity cost " argument that some use to justify why those with large paper losses should just sell up. If someone who had held for years and is somewhere close to break even decides that their money might be better deployed elsewhere then that's a DF different matter entirely.

Those who only heard about MATD say a couple of years ago are lucky really, as those who came in much earlier could never have anticipated COVID followed by that governor holding everything up for years.

A farm out I meant at the end.

I think the problem is that there are a lot of investors who have held shares for many years now, and their patience has run out.Those 3 years lost and wasted because of the rogue governor were poisonous for the LTHs. We should have been 3 years ahead of where we are now with just the two producing wells.

I think that's why the prospect of going it alone at potentially the kind of pace of the last two years ( one well pet annum ) is about as attractive as having root canal work done. A buy out would probably make a lot of people happy. A buy out too, if it is on decent terms.

TBT good point that the oil majors will be swimming in cash, and will be for the foreseeable future.

My preferred option would be a buy out. Nice and quick and clean, so that we can then all move on. I must admit that I'm tired of the oil sector - once I'm out I won't be dabbling again. Or with Aim companies for that matter.

And 20 wells not funded through more share dilution...

IMO it's a numbers game.

I would sooner have 60% of 20 producing wells in a couple of years time, than 100% of 4 or 5 wells.

Abzzba ; thanks - interesting thoughts re Gazelle 2. Hopefully it will be turn out to be a nailed on cert.

I'm just nervous about the idea of the company rustling together an extra 1.5m from the current elevated price of oil but then hitting problems with the next drill. I guess if Gobi comes in suddenly then the risk is lessened.

I tend to think that as the typical production per well in Mongolia is vastly lower than in say Saudi Arabia ( 1,000 to 2,000 bpd per well ) then to he only way to work it is through turning it into a pure numbers game. So a fast roll out of with drilling at scale, which only a farm out would allow.

Abzzba - what would happen if Gazelle 2 had the same kind of issues as H2?

IMO it would be a huge gamble to try to go it alone. In the two years since the LP was granted in May 24 there have been two raises, and just two wells have become operational and revenue earning in that time. That's one well a year.

So much for that troll, KoolKat's prediction of $50 oil by mid May.....Lol.

Every time the bid reaches 1.4p resistance the MMs open the spread wider through dropping the bid.

Bid at the resistance level again - will it blast through it ?

BP now seemingly also an oil technical expert, as well as a snide, bitter and cynical commentator on everything Petro Matad related....

@Hamm ; I've never been on any online course in my life. Keep spreading the lies though. You're like a stuck record, with nothing intelligent to ever say except from some copy and paste AI generated responses which you often put on here.

Trouble is, you believed your own nonsense about " 40p on production" and then blamed MB and the management when this turned out to be total fantasy.

Sounds like you could have done with at least reading a few books before you ever thought it a good idea to dive head first into the world of AIM microcaps. If and when you get your break even( you have never mentioned your average or how many shares you own ) why don't you just clear off for good and then get involved with something you can actually understand?

Hamm : I'm wary of people who went around in early 2024 telling everybody " 40p on production " as though just hitting that milestone would catapult the share price irrespective of whether they had any funding to develop Block XX.

" KoolKat " I meant. Numpty.

The strait is closed again - so much for the troll " Kolkata" prediction of " oil will be 50 dollars by mid May. " Numpty.

"Geopolitical Risk & Volatility: The closure of the Strait of Hormuz and the ensuing war in Iran caused major disruptions to supply. This volatility fuelled a rush into derivatives to hedge risk or speculate on price moves.

Record Options Trading: Oil options volumes at CME Group were up 48% in 2024–2025 compared to the previous three years - Oxford Institute for Energy Studies. Short-dated, weekly options saw a 75% increase in 2024, becoming popular for managing event-driven risks

Corporate Hedging: Oil producers and commercial users have increasingly used derivatives for price insurance, with options trading by oil firms rising by 80% - Oxford Institute for Energy Studies

Virtual" vs. Physical Oil: Financial oil markets have seen a massive rise in "virtual" trading, with traders often dealing in volumes many times higher than physical production . "

The oil market is divided into spot prices and futures contracts for a future delivery - just like all traditional futures contracts.

Whenever you have derivative products derived from an underlying real asset, you have volatility, because derivative contracts are traded by speculators. So you get some kind of news, followed by an extreme market reaction. You can bet that the amount of oil derivative contracts being traded right now has gone through the roof recently ;

" The oil derivative market experienced a significant surge in trading volume and volatility in early 2026, driven by intense geopolitical conflict in the Middle East and increased corporate hedging " - Oxford Institute for Energy Studies

" Exchange-traded oil derivatives reached new highs in 2024–2025, with average daily volumes in 2025 reaching 3.8 million contracts.

By March 2026, ICE recorded nearly 5 billion financially traded barrels per day, demonstrating a rapid expansion in "virtual" trading relative to physical supply. "

Trump wants to calm the markets, and deflect from the mess he has created ( classic Dunning Kruger ? ) so you can take his his " news updates " mainly with a pinch of salt.

Senator ; I know full well that the catalyst for the fall was the oil price, however it's also not by chance that this happened just as the 1.4p resistance level was reached. The MMs look for news catalysts to play around with the price action - like that time in 2023 when straight after a fairly unimportant RNS release they spiked the price down to 1.8p on the open before marking it up to 6.5p later on the same day. The previous day it had finished around 2.5p.

And I did mention BP and it's 8% drop at the time in my post, so I was fully aware of what the oil price was doing when I posted.

For those who are chart and TA illiterate - as is very predictable, the share price hit a well established 1.4p resistance level and bounced back down from it once again.

Re the opening of the Strait - BP is down about 8% currently, but when we're talking about a main market large cap, and not a penny stock - and therefore the share price is much higher to start with - the % drop isn't as sharp.