Member Info for investor33

Furry ; in fact I recently went about 35 days without posting on here.

And you got " you're " wrong again in your last post...

Re furry65 ; IMO never trust or listen to people who can't distinguish between " your " and "you're. " Our Kev's another one.

If they didn't figure that one out whilst at school, then what else don't they know or understand ? Doh.

BP ; 37 posts in the last month, and every single one on the MATD board.

No interest seemingly in any other company on the entire London Stock Exchange with some 1,660 companies listed on it. Clearly a classic blueprint for making a fortune on the financial markets....

BP - given that you are retired, have you ever thought about researching other companies on the London Stock Exchange ? There's quite a few out there, and there's no legislation in effect as far as I'm aware which dictates that you just have to focus and obsess about just one company - particularly if you have contempt for that company.

"So much of my time? I’m averaging just over two posts on MATD per day! "

And he doesn't read all the other posts presumably....

Funny how the likes of BP and Doc still haven't taken on board the prospects for the renewables side. We have been told that the 200 MW project will shortly be at the ready to build stage, which means that the project can be sold. Some of the funds from the last raise went towards this. It's just as much part of the business now as the oil is ;

" In Mongolia, developers such as Sunsteppe have been able to attract development premia in the range of $50,000 to $100,000 per MW for ready-to-build projects that have good commercial potential. Sunsteppe's portfolio has three, near-term projects comprising a total of 274MW plus the longer term 1.5GW project with SPIC. This demonstrates the significant value proposition that these renewable energy projects offer to the company. Whilst Sunsteppe is looking to originate more projects and has been approached by many would-be partners, it is focusing efforts on getting projects to ready-to-build status in order to crystallise value. "

Abzzba ; I'd like to know what the likes of Doc83 do for a living. Why on earth would someone spend so much time on here if that person has no interest in the company, and doesn't rate it ? They don't rate it, yet clearly think it's worth devoting most of their time during a working day discussing it. Sounds like extreme cognitive dissonance to me.

If there's no signal on my phone, and I search for MATD on this site, due to some strange some quirk it brings up the MATD webpage from early May 2024, which was a few weeks before the local access consent RNS was released. Back then, Doc was doing exactly what he is doing right now - making lots of cynical comments about the company and its prospects. So he's been doing this for at least a couple of years, given that back then he had already been around for a while. He's either being paid by someone or has some kind of strange fixation which surely only he could explain ?

A farm out would be transformational, as it would very likely give us access to vastly cheaper drilling and well completion costs. It would do away with the risk of dilution, and would hook us up with the experience and expertise of a big player in this industry. And it would massively accelerate the development of block XX.

@ Hamm ; you didn't even know what a price spike is until I told you.

Yet, on other boards you hear it all the time - " don't get spiked " etc. It's part and parcel of AIM price action with microcaps.

Hamm ; I wasn't so clueless and living in such a fantasy world that I predicted 40p just on production, when the company had no money to even start drilling at the time you made your prediction. Doh.

And I didn't keep typically telling people just as the old pre production price spikes were first developing " 4p just paid, get in now, we wont see these kind of prices again " etc etc.

Master ; Have you not noticed that abzzba was using AI, and believe it or not AI generates neutral, impartial answers ? Doh....It's not as though the question was phrased in a biased manner so as to influence the outcome of the response.

So based on abzzba's figures, all we need really is the partner to drill say 30 wells at between $400k to $950k each - so $12m to $28.5m for the drilling, and then complete let's say 60% of them ( 18 wells ) for $3.96m to $9.9m, in order to produce 2,700 to 3,600 bpd ( 150 - 200 bpd) So a total cost to them of around $15.96 m to $38.4m for 18 completed wells. Those figures include the cash spent on non productive drills.

Maybe the actual total cost for drilling 30 wells and putting into 18 into production would be somewhere between those two figures @ around $27m ?

@ 150 bpd x 18 wells = 2,700 bpd @ say 360 days comes to 972k barrels per annum, and 19.44m barrels over 20 years. Then @ say $50 per barrel ( post refinery pricing ) and after deductions, that leaves $972m to be shared between the two parties over 20 years.

Or @ 200 bod x 18 wells = 3,600 bpd, which based on 360 days per year comes to 1.296m barrels per annum, and 25.92m barrels over 20 years, so based on $50 per barrel post refinery, it comes to $1.296 billion to be shared between the two parties over 20 years.

Bauchsact ; Hamm predicted " 40p on production " and Master " 15p on the third well. "

Both examples of Dunning Kruger I would suggest. And now they both squeal like crazy. Master blames everything on the CEO.

Maybe they were just dabbling in something they didn't understand and misleading others whilst they did it ?

Oh, and Our Kev's calcs were based on the field lasting just 5 years.

Classic Dunning Kruger....

I noticed on another board him referring to someone as " a fellow pro. " In reality, based on his previous posts, he decided during covid to dabble in trading shares as a side hustle, but lost money in his first few years. Now he's a " pro " seemingly....

The Dunning-Kruger effect is a cognitive bias where individuals with limited knowledge or competence in a domain greatly overestimate their own knowledge or competence. Coined by psychologists David Dunning and Justin Kruger in 1999, this phenomenon occurs because unskilled individuals lack the metacognitive ability to recognize their own incompetence.

Key Aspects of the Dunning-Kruger Effect ;

Double Burden: Unskilled individuals not only make poor choices but are also unable to recognize their mistakes.

Overconfidence: A little knowledge can lead to excessive confidence, often called "Mount Stupid" in popular culture, where beginners believe they are experts.

High Performer Doubt: Conversely, highly competent individuals may underestimate their competence, assuming that tasks easy for them are also easy for others.

Lack of Awareness: The core issue is a lack of self-awareness, often resulting in poor performers holding high-ranking positions or refusing to acknowledge their limitations.

Luckily for us it's not oil laypeople who are putting together a farm out deal.

In the era of the internet, everybody's seemingly an expert in any field. Chat forums on any subject have really brought the Dunning Kruger effect alive with a vengeance....LOL.

Abzzba ; yes , exactly. I remember our Kev doing a load of calcs, based on what we are paying DQE, to try and show why the cost of drilling and finishing would be too prohibitive for any potential partner to consider it worthwhile. Typical of how an oil layperson would think.

Abzzba ; good info re drilling and completion costs. This is a major reason why we mustn't attempt to go it alone, with an average hit rate of about 55% in blocks 19 and 21, and us beholden to the over inflated cost of using DQE unless we farm out.

Master : did nobody buy those shares then ?

First time I have ever heard of anything being sold without a buyer. Bear in mind that the MMs are loath to hold much stock of volatile microcap shares in their inventories. That's why they trade them over the spread.

Does this Doc person have a job like normal people, or is his life devoted to monitoring every trade happening every hour to do with a junior oil company on Aim ? Why should it matter to him so much that seemingly he devotes his life to it ?

He was posting just like he is now years ago. Has his life ever moved on in all that time ? This company does seem to attract fixated people on its chat boards for some reason. I don't notice it too much on other far more normal boards on here.

Funny how people forget that the 200MW RTB project should be ready to cash in on soon. Some of that last raise went towards this remember ?

The renewables side still hasn't registered with some.