Member Info for Jimithebrush

Every dog has it's day. GLA

greenbacks i had some thoughts on this back in march and was slightly s******ed at re: next week 23 mar 2024 22:07

maybe the board carn't elaborate on anything because if everything revolves around the lp issue then perhaps there's nothing to inform the market? the dqe contract may have to wait a bit longer as well, i would have thought they could be using the equipment we need on other contract, that im not sure about because i for one sure wouldn't want equipment on hold for however many years we've had to wait now? elections are looming and an agm at some point, this feels like there's going to be no progress until the elections are finished maybe the agm after them too??🤔 gla

Don't think the oil will run out just yet,

The Company had assigned a pre-drill resource estimated for the Heron structure of 165 million barrels of in place oil, with 25 million barrels (P50) recoverable resource, based on a recovery factor of 15%. The Heron-1 flowrate is very encouraging and could indicate that the assumed recovery factor is too conservative, however more wells will be required to prove up the total volumes in the structure.Block XX Update.Competent Persons' Report increases total mean unrisked in-place oil resource potential of the Heron structure by 20% to 194 million barrels. Reservoir stimulation studies indicate significant improvements in recovery factor are possible. Heron development base case increased to 33 million barrels recoverable.

Someone is and it's not PM shareholders 😂 GLA

Thor, "Perhaps the lack of Annual Results RNS is indicative of them knowing how close the DQE announcement is and plan to release together." I think if the final results RNS is in keeping with the last few year then perhaps we will get something by next week Friday the latest if no red dot tomorrow morning. GLA

Master thought you were better than that 🤔 GLA

Some of us don't care for other chat boards we're not invested in. This is a discussion board for MATAD shareholders and traders and should be left at that thanx. GLA

Would this be any help? https://satellites.pro/Mongolia_map#48.535080,114.889930,8

"will it be an interesting end to the week"? Nope just another damp squib. I think nothing will move us up unless the next RNS says "we are pleased to start production" on whatever day it lands. GLA

I was referring to the next RNS mojito, "we are pleased" would be a great way to start the next rns and hopefully try keep the momentum going, delighted in two RNS maybe pushing it a bit 😆 GLA

It would be great if we saw " we are pleased" at the beginning of the next RNS, beef it up man 😆 GLA

I was being sarcastic stas20, I have been apart of this for the best part of his tenure and totally get where your coming from so hopefully MB will prove he is now up to the job but only the mcap and sp will be all the proof we need. I only originally signed up to see velociraptor drilled and almost feels like it was 75 million years ago and have stuck around to see MATAD become a producer, painful at times but we are almost there. GLA

Stas in Mr B's defence he has actually purchased a few of them share's you know. Softly softly catchy monkey. GLA

MATAD have used the loan facility in the past. GLA

1 of us thought we'd be producing 3 or 4 years ago but as it stands we are on the cusp of becoming a producer and the SP will show it's appreciation in due course 😁 GLA Have a great weekend.

Https://www.google.com/url?rct=j&sa=t&url=https://www.miningweekly.com/article/mongolia-defends-plan-to-tap-mining-riches-for-new-sovereign-wealth-fund-2024-05-29&ct=ga&cd=CAEYAioUMTgyNjE3NzY3ODk3OTM0NTUwMzIyGjU1MWFjMjUxYjE2YzAyMWQ6Y29tOmVuOlVT&usg=AOvVaw05YxOcw2x-k8dOVlR5B0tW

👍👍👍 GLA

I'm trying to be glass half full but so many false dawn's I fear another curve ball on its way so until it's officially Rnsd I'm not holding my breath 🤔 GLA

We were awarded the exploitation licence around the 6th July so I don't think the Naadam festival would have that much of an impact so maybe if we have some luck on our side 🤞 GLA

Naadam festival is 11 july to 15 July. GLA