Member Info for investor33

Aeschylus ; I asked you 7 or 8 minutes before you replied specifically about the surface production equipment - not about the workover. Your reply to that was ;

" I presume all necessary steps were taken into consideration, and factored in, when the company stated it expected these operations (nb plural) to be COMPLETED BY MID AUGUST. "

Your emphasis on the plural of operations clearly meant that you believed that the workover and the surface equipment installation would both be completed by mid August. Clearly you had not read the short RNS properly.

Doc ; I have to agree. If the workover is now completed, then MB really should tell the shareholders. And particularly if an agreement has been reached with PM. I fear though that if the surface infrastructure installation is just starting, or is ongoing that he will bundle it all together. He has form for doing just this.

Aeschylus ; nice try, but you emphasised ' plural ' in relations to the operations, meaning that you believed that both the workover and the surface production equipment would be finished by mid August. Hence the condescending reference of " ( nb plural ) " and the use of caps in the condescending " COMPLETED BY MID AUGUST."

The fact is that you may have known where the RNS was on here, but clearly you hadn't properly understood it.

Aeschylus ; if you remember, my second question was about the surface infrastructure and its timelines, and you replied ;

" I presume all necessary steps were taken into consideration, and factored in, when the company stated it expected these operations (nb plural) to be COMPLETED BY MID AUGUST. "

Note the caps used in ; " COMPLETED BY MID AUGUST."

One of the largest recent spikes was in the lead up to an RNS about Velociraptor - which turned out to be a duster. So if you are looking for a spike in order to offload some, then news leading up to, or straight after news about Gobi might do the job. Of course, it's a risk to wait for the news and then find that it was a duster, as happened with Velo....

Thornogson ; having read the last RNS again yesterday, it became clear to me that the workover was scheduled to finish mid August, but the surface production equipment is scheduled to start sometime in August - not necessarily by mid August as Aeschylus was saying yesterday.

So the workover might have just finished, and they are now starting on the surface infrastructure, in which case MB will probably not want to release another RNS until that work is completed as well.

Ra11adw2 ; if the price action follows all the other previous price actions with this share, then a sudden spike up to say 7 to 9p will be followed very rapidly by a strong pullback to say 4p to 6p. That's just the way that it has always worked. Hence I will be looking to offload about 50% of my 1.4m share holding as near to the top of that spike as I can. That's when paying close attention to a chart really helps.

And if there is a negative RNS then there's no way that it will fall by 100 % from say 2.5p to 1.25p. 2p has always been the lowest support level, even when the fundamentals were a million times worse than they are now. And the last 2p raise reinforces that level as a very strong support level. And it would bounce back pretty quickly from that level.

Aeschylus ; read the RNS again ;

The contractor, PetroChina's well completion subsidiary DQE, has mobilised to site along with Petro Matad's team and is preparing to re-enter the well. The work planned involves a reservoir stimulation operation to enhance near wellbore drainage and the installation of the downhole production equipment. These operations are expected to be completed by mid-August.

"When the well completion operations are finished, the wellsite will be prepared for the installation of surface production equipment and this work is expected to start during August. Once the surface equipment has been connected to the Heron-1 well and commissioned, the well will be ready for production start-up."

The first paragraph refers to the makeover work which is expected to be finished by mid August. It merely states that the surface production equipment ' is expected to start during August.' It does not state that this second process will also be finished by mid August. For all we know this might take another month from when the makeover is completed by hopefully about now. And then there's the commissioning once the surface infrastructure is installed.

Aeshylus ; ok, let's change the question. Does anybody have an idea of how long typically the surface infrastructure is likely to take to install ? And does the commissioning involve much of a bureaucratic process - or is it done in -house ?

I recently had a heat pump commissioned to MCS standards , and it involved a guy with a clipboard spending 4.5 hours at my property checking everything over. And obviously that appointment had to be booked well in advance. So I'm wondering what happens with the commissioning process. Hopefully it might not involve some kind of outside authority.

How long are we expecting the makeover to last now roughly ?

I think that around 2 weeks was mentioned in a previous RNS, though I might have that wrong.

Fever and Wigster ; copied from ' Dazza's ' post on 29th July when responding to ' Gigi ' ;

"Not a bi**h fest - but being a LTH like many on here - it’s annoying, frustrating and galling when “newbies” to this board start to spout the same BS about RNS’s etc - that we have been hearing for many years.

Something tells me though that you are not a newbie, but have changed your name - so as to continue the ongoing ramping.

For sanity, stopping guessing and preaching about RNS releases, and how the SP is/was going to rocket (of course since last RNS it has dropped and not rocketed). "

Wigster ; ' Professional ' ' Wos' and 'Hamm ' all vanished from the board at the same time - which was straight after the raise.

Hamm was the ramper of all rampers - his famous ' guys, there's no risk ' comment before the district committee had even met to vote on the land access....

Fever ; yes, I've just done a quick scan of some of his previous posts. I think it's WOS as well - he does the same kind of long winded summaries of all the positives to do with the company. And everything is a ramp. Plus he's taken over the board in just the same manner as WOS used to do - a steady verbal diarrhoea of non stop ramping.

Someone once found some posts by WOS on another board for another share - and he was writing in normal English, just as this ' Gigi ' is doing now.

I'm positive about MATD's prospects going forward, but I don't need propaganda shoved down my throat by someone claiming to be a business student ( which I don't believe anyway )

Gigi ; you said that you are a business student in your first post, which was in early July of this year.

What exactly are you about with this share, and your frequent commentary about it on here ? Are you invested in any way, or is this an intellectual exercise for your business studies ?

I'm glad you've read all my previous posts - I only read your first post back in early July - the rest I can't be bothered to read.

Ra11adw2 ; just on the point you made earlier ;

"Right now petro matad we have catalyst and news with production that could double or triple price from 2p, anything else is bonus with more good news. But its up to you if you are taking profits or selling some, or holding for 10p-30p at that point. "

IMO it's best to book some profits on a sudden sharp move upwards, simply because historically the pullbacks with this share are huge. However, there's nothing to stop someone going back in after the pullback has happened and the share price stabilised.

I personally don't believe that this share will ever trend up smoothly, but I may be wrong if the company actually starts earning some revenue at last. And of course future raises can never be totally discounted.

Doc ; 'Gigi's ' first post was on 3rd July of this year, and he wrote then ;

' I'm a student of commerce & researching up on the stock so here's my first time post if its any use to anyone. '

So presumably we are talking about a business student who dispenses advice to LTHs who have been invested for years...Does this student even own any shares ? ?

Espen ; thanks - sounds like good advice which I'm definitely taking onboard.

Doc83 ; ok, but still significantly less time than myself - I first bought in summer 2019. I just don't like people like that pontificating to people who over quite a few years have endured a lot of ups and downs with MATAD, and frankly are fully entitled as a result to be as positive or as negative as they like.

Gigi ; and as for what I am about as regards MATD. It's very simple - as a much longer term holder than you very likely, and currently owning 1.4m shares. When did you come on the scene as a matter of interest ? At about the time of the last raise I am guessing.

Gigi ; you love to make false assumptions don't you ? Frankly that's a sign of bigoted ignorance...

False assumption no 1 ; I have never traded.

Wrong - I have day traded FTSE and Dow future contracts including in the days when the minimum on the FTSE future was £25 a point. As a matter of fact in my first ever trade on the FTSE future I seem to remember that I made £500 in 20 mins. I've also day traded several hundred times with City Index.

False assumption no 2 ; I am paying for some kind of trading course.

Wrong - I have not paid for any course. If you stopped being small minded bigot for a minute, you would find through doing a bit of research that there are some highly successful day traders who give advice/ tuition freely online. Yes, you can pay to watch their trading in real time if you like - but if you spend plenty of time understanding their techniques using technical analysis then there's no need to splash out on this kind of thing. And especially if you have day trading experience already.