Member Info for investor33

Malcolm ; a high of a year wasn't irrelevant if you had sold around that price.

I haven't checked all the way back to when the company started, however I suspect that the 2.4p high of this year is the lowest high in any year by quite a long way.

I suspect that the 4.8p in 2020 during COVID is the next lowest high of the year in the company's history.

Last year the high of the year was 5.3p by the way.

Btw, this has been the worst year since I have followed it in terms of the high price of the year.That is unless something changes before the end of the year. I have followed it since late 2019 but you could go back much further.

The highest it has been in 2025 has been 2.4p or thereabouts. The next worse high of a year I can remember since 2019 was the 4.8p that it reached in 2020 during COVID, with the borders shut, no LP consent in place, the company running out of money, and staff taking pay cuts and the borders shut.

This has been a really dreadful year in terms of the share price performance.

" borders shut " lol - it filtered a misspelling.

i'm not saying that the current rise is a spike hamm - however there have been loads of spikes since 2018. anybody buying in at say 3p to 4p back then could have banked profits in six straight years and have a free hit now. even in the covid year it went to 4.8p with absolutely nothing happening and the borders ****. no lp permission in place too.

By the way, ourKev is right in one respect - IMO the best tactic with these types of microcaps is to try and bank profits on any spikes until hopefully you are in a position to have a free hit, and have therefore derisked. Then perhaps take a longer term position and just leave it in if you feel that you found a good entry point - like on that last raise price for example.

I think MB has mentioned that NDAs are in place and he is limited in what he can say.

You really need to stop panicking and do more research and reading Hamm. You are more twitchy than a squirrel who's been lapping up a saucer of coffee.

Wigster ; you are correct about those terms with Soco. Obviously it would be better to avoid any deal with PC if possible - hopefully other parties will be circling.

And don't forget that those 2005 figures need to be adjusted for inflation - the whole package would have amounted to 140 to 150m USD in today's money. Plus the price of oil was extremely low in the years 2000 to 2004 even when adjusted.

Hamm ; or maybe someone is likely to put in an offer for block 20 as happened with block 19 ?

150m to 200m would do it. H1 and Gazelle alone so far would be worth 100m USD over 20 years at today's oil price.

Hamm ; as usual you have a loose grasp of the facts. Before it was H2 that will make it break us - now it is a farm out.

Of course, selling block 20 like Soco did with block 19 has never even entered your mind. Soco wee producing the same as we are now from 27 ( yes 27) wells when they sold block 19 to PC back on 2005.

Master went quiet about MB when the share price went to 1.55p.

His calls for MB to go are purely related to how underwater he is at any given time.

Also, Heron ( plus the northern part of block 20 ) has been covered by 3D seismic data, which shows that the geology of H2 is similar to that of H1.

Frontera ; I wonder how Soco were viewed then back in 2005 when they had extracted 350 bopd from some 27 wells in the neighbouring block 19 ?

PC still bought block 19 in 2005 for around $150m adjusted for inflation....

Luta ; "The SP doesn't reflect the intrinsic value of the company or factor in the projected SP appreciation going forward - essentially just transient, trader biased movement atm but not for long i suspect."

A weird thing happens on my phone - if the signal isn't good enough when I go into the LSE site, it brings up a page from 11th March 2024. This was more than two months before the late May RNS announced that the local access consent had been finally granted. On that day the share price soared to 5.3p.

It's interesting to see the situation back then on 11/03/24 ;

- bid was 3.8p and the ask 3.90p

- mcap was £42.88m

- float was 1.11b.

- bought value on the day - £5,03k. Sold value - nil.

I can only see a few posts on that day, but Doc was busy making cynical remarks about the share price and the likelihood of MATD ever obtaining the LP. Cybertron was very anxious about it being granted. Back then, the chat was totally dominated by the LP consent situation.

So in March 2024 the company still had no legal access to Heron. It had no production and no revenue. And it was running out of money fast - another raise was done in early June at 2p. There were no renewables in the pipeline then either.

I know that the float was lower back then, however bizarrely, the share price has been generally much weaker since the company has become a producer rather than just an explorer which at the time didn't have the correct legal permissions in place. It had been waiting since the exploitation licence had been granted in July 2021. Very weird.....

Weren't the delays this year down to a lack of funds due to PC messing around with the payments and then deducting the 30%?

The raise seemed to be an emergency measure which happened late in the year due to the uncertainty. I don't know whether the revenue from H1 would have been sufficient however even if PC had played ball.

It makes sense that farm out partner needs to know what to compensate MATD for in terms of current performing wells. We might have got far less prior to Gazelle production for example.

At the current rate of production, in say 20 years H1 and Gazelle would bring in around 100m USD in revenue in case anybody doubts that block 20 is worth less than around 200m. I remember that 198 clown once talking about someone paying " say 12m for it. "

1.5 gigawatts rather.

AI tells me that a 200 MW project would produce revenue somewhere between 6.3m GBP to 20m GBP depending on whether it's solar or wind, and the price it can be sold to the grid for.

And one project is 2.5 gigawatts.

So for the larger projects up to 30% " sweat equity " paying each year thereafter ?