Member Info for investor33

Glad they met with PC's top brass. I'm sure that things were out to them firmly but politely...

One thing I am sure about - once the farm out is finally announced ( which will be the second time it has happened in the company's history by the way ) the share price will explode upwards like a cork from a bottle.

KevinRound : it's difficult to make good trading decisions if you believe that the renewables will only be " worth a few pence " or if you think a farm out partner will not be interested based on them expecting the field to last 5 years and not factoring in profit over the realistic life of a field.

And you probably don't know - but years ago the company did go into a farm out agreement. Unfortunately B G Group were then taken over by Shell, and they pulled out of Mongolia. Another farm out agreement would not be something new for the company.

Was it 30 bopd or 35 ? I thought it was 35..

Abzzba - didn't they say at the time that @ 35 bopd it would only be non commercial in winter with the low temperatures ?

So in higher temperatures it would be commercial, even @ 35 bopd..

Kevinround - why do you post on other boards that you are keeping an eye on MATD " in case it goes on a run " and whilst simultaneously posting nothing but cynicism and negativity on the MATD board?

I think you were found out....

I think it's fairly obvious that if it was stated that a " greater show of oil and gas than was apparent when it was tested last year " before the acidisation actually happened, and given that last year it was only 15 bopd short of being commercial anyway, then it's highly likely that it will be easily commercial..

Unlike you, I M invested in this company, so will post as many times as I like. You are only here to troll.

Now clear off to Wetherspoons, unless you are on your 5th pint there already....

"I binned most of my MATD shares and bought RR shares in early 2024 " he stated.

Yet he never comments about any other company than MATD.

Clown.

Furry stated that he " binned most of my MATD shares early in 2024" yet he has only ever posted about MATD, and nothing on any other boards - least of all the RR board.

Joker.

Malcy clearly skim reads a load of reports for different companies, and then has to put them all together with his comments in a bulletin. I doubt if he has read it thoroughly and thought it through properly.

When do the results of acidisation of an oil well show ?

The effects of oil well acidization can show very quickly, with immediate increases in production after the "spent" acid is flushed out. The initial and most significant results often appear within the first 30 minutes to a few hours of the treatment.

However, the full, long-term impact and sustained production increases are evaluated over a longer period.

Immediate effects

Rapid chemical reaction: When acid is injected into a well, it reacts quickly with the reservoir rock (in minutes) to dissolve mineral deposits and enlarge pores and natural fissures.

Swift permeability boost: Studies show that for high concentrations of acid, the most significant change in rock porosity and permeability happens within the first 10 minutes of treatment.

Immediate production increase: Once the "spent" acid and dissolved minerals are flushed back out of the well, operators can see an immediate increase in the oil flow rate. One case study showed an oil production rate that peaked 30 minutes after injection began.

Longer-term evaluation

The full success of an acidization treatment is typically measured over a longer period to see if the production increase is sustained. Evaluation can include:

Pressure tests: Analysis of well pressure data, both before and after the treatment, can confirm if the "skin factor" (a measure of flow restriction near the wellbore) has been successfully reduced.

Economic analysis: The long-term profitability of the treatment is measured by comparing the investment in acidization against the value of the increased oil production over a period of months or years.

Ongoing monitoring: Production rates are recorded over time to ensure that the improved flow is stable and that no new formation damage occurs.

Malcy's comments make no sense. We don't yet know the outcome of the acidisation.

Master - if the farm out is with the Chinese then they will probably decide where the next spacing will be.

Hamm ; these buy and sell figures are mainly guesswork - the exchanges don't release actual figures. They estimate according to where the order was filled relative to the bid and ask.

Amazing that some people can't get their head around the concept that ;

If there is a sale or buy of any quantity of shares then someone, or some people have taken the other side and done the opposite. If it's say 13.5m shares that were sold, then multiple parties may well have absorbed the shares.or maybe just one - we will never know, but someone bought them otherwise the order never got filled.

The MMs are not in the business of holding large nos of volatile microcap shares in their inventories - when they spike the price down sharply on news it's to stock up their inventories quickly to meet demand.

And MMs will definitely not want to take on a large no of extra shares going into a weekend with an RNS probably imminent and interims coming up next week..

If someone sold 13.5m then one or several people or entities bought them.

I'm sure that the MMs won't risk holding very many in their inventories. They don't want the risk of holding on to many volatile microcaps stocks - that's why when there is news they spike the price down in order to hit stops and get their hands on some cheap shares for their inventories.

A " trading genius " wouldn't be piddling around with 2k anyway..and there are a few other companies which would have been lucrative to trade recently. And MATD isn't one of them right now.

Traders don't waste their time trolling a particular company's board - it's wasted time that could be spent on researching a raft of different companies. There have been one or two ten baggers around recently, whereas MATD's share price is fairly stagnant since the raise.

He's a Walter Mitty character with a narcissistic streak.

In fairness, didn't the RNS state that the acidisation had gone well ie it was carried out without hitches ?

I'm not sure that Zeus knows anything new. Aren't they just repeating what the RNS stated ?

Thanks for that Adw189.

It would have been the 200 MW project that some of the raise capital was used for then. Hopefully it will be ready to sell very soon as- most likely to ACWA.