Member Info for investor33

With a farmout would we keep all the revenue from H1 and hopefully the extra from some it all of H2, Gazelle and Gobi ? Or do they refund us for half of the costs and we share the revenue from any wells which are already producing ?

Tuvok - the 0.8p placing shares were forward sold. The institutional money had plenty of time to dump them before the issue date. That's why they are willing to go into such agreements.

My guess is that of the three potential farmees, one is Indian and the other two Chinese.

And I wonder which of them is finishing its due diligence and has requested a draft contract ? They must be very aware that they are in competition, as it's in the public domain through the RNS releases and now this presentation. No doubt they have been played off to each other. Whoever wants it had better get in quick....

When the renewables are brought to ready to build status, that's going to be some serious money coming the company's way when the developments are sold off.

Heron valued at between $150 to $300m.

A green box always pops up after I post. ..

I hope that the likes of adw aren't living on something like universal credit, and therefore the UK tax payer is funding them spending all day everyday on here....

""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." Get the calculators out boys!!! "

This has been off the radar of most people for some reason. People get oil fixated only. Some even saying that we shouldn't be pursuing renewables.

If the company gets a farmout signed, and then the renewables come online, then it will never look back. And that's without even taking into account possible good outcomes from H2, Gobi and Gazelle.

All three expats taking 70% wage cuts will have trimmed a huge amount off the wage bill. The Mongolian staff can't be on particularly high wages - above average for Mongolia probably, but very low in western terms.

I should think that most of the salary costs have been accounted for by the " three expats. " This must include the technical guy Jerry who is a Brit.

Average salaries in Mongolia are only about 450 Dollars a month.

Good that it sounds like a farmout rather than a JV - ie the other partner bearing all the costs. And " Chinese companies " mentioned ie in the plural.

And we are getting an idea now of how incredibly lucrative the renewables side can be - most have massively underestimated this.

" have just bought in " I meant

.

Look at most resource micro cap charts and you will see tremendous volatility in the share price. People who haven't just bought in years ago and held have simply not understanding that it would what resource micro caps are like.

* bought in and held.

Ftsemajor ; you are quite right. Anybody who just bought in and helf years ago has got it totally wrong so far. There have been lots of spikes to take profits from and then reassess. Withtypically 300 to 500% volatility between the high and low of a given year it has been barmy to just hold. Micro caps are nothing like large caps.

"Investing " anyway is a nebulous term - covering anything from people trading crypto to those buying a large cap for mainly the dividends. Some people think that the term " investing " is somehow a superior and more professional approach. Those who have made profit from MATD to date have only been those who have dipped in and out due to following the price action. Anybody who bought at day 4p back in 2019 could have taken profit in any of the following years with the single exception of this year.

Re horizontal drilling and cost - this is another reason why IMO the only alternatives are a farmout or a sale of Heron.

With a farmout ( not a JV which would mean shared costs ) the risks and costs would be borne by the other party. There are companies which use this as their business model, and given that finances have always been tight, we should also be doing the same. It's basic common sense, as the success rate with drilling is only 55 to 60%

Imagine if there were farmout agreements for both block 20 and block 7. The company could then properly focus on the renewables side of the business.

Something I read recently mentioned that the most productive areas for block 19 have been on the western side.

* block 20 I meant.

Bloody predictive text !

To keep things simple,IMO the options open for block 20 are either a farm in or a sale of the field. They simply don't have the financial clout to undertake a JV with shared costs - Heron needs to be rolled out quickly, and the success rate of wells is only about 55 to 60% based on blocks 19 and 21.

Then when the profits role in from the farm out or with the funds from a sale they go to block 7 and rinse and repeat. There is simply no need for huge expenditure either with. Kick 20 or block 7. And whilst all this is going on they can develop the renewables side of the business. Farm outs will free them up both in terms of time and financially to do this.

The bashers feed off the people who refuse for some reason to filter them. I just have loads of green boxes on here every day, and Zi couldn't care less what they think or write. None of them probably have any experience or knowledge of the oil industry. Most of them sound like sociopaths.

When I last mentioned this I was told the reason for not filtering them is so that the board isn't just taken over by them. IMO this is a false argument, as there are enough genuine investors to just discuss freely amongst themselves and to talk about the positives - for example right now the parties who may be interested in a JV or buyout. So the bashers can be ignored whilst simultaneously not allowing them to take over the board. People are just feeding them right now though - it's like someone with bad acne constantly touching and picking at their face instead of leaving it alone.