Member Info for kr1988

I got in late their and wish I’d if brought sooner if not then not at all as I’m currently down so need to wait for the next spike to sell up. I think hex has made most of its money now so your prob right to start selling up.

Where are you looking to put your profits?

This will hit a penny by the end of summer! Massive year for Matd

Its a difficult one, I found that recently when MATD raised. I've got Panr and HEX, I hope Panr will slowly increase as the drill progresses however HEX I cant see taking off until late summer. Do I sell up and go else where or just sit tight? I've decided to sit tight as an off take agreement could be announced sending the SP flying. I ended up buying MATD with my ISA and used savings to dip into it.

If its a lull of 3-4 months might be worth selling and coming back but if you think news might drop in 6-8 weeks prob better off staying. if you don't invest and it takes off least you know you got it right and whilst you don't make anything you spotted the signs of a good share....

Sorry yeah I’m not sure tbh I’m not the greatest With oilers I’ll be honest. But I remember he says that a chunk of the money needed was to take a completed well into production that was all the top side items plus whatever was needed to be done to the well

Thanks, I’ll keep an eye out for them and see if I can see any buy in opps when I get some free cash

Adw I think the extra 2.5 million goes towards the production casing, external set up so getting pumps and ground work, maybe the containers too.

Maybe the plan to use the same pumps from heron 1 or do they have spares that have previously brought?

Like 99% of people here I’m not an accountant nor an oil guy just someone who has invested for a few years and has started to see trends appear. Matd sleeps during the winter before early summer announce plans for the year, do a raise then go to sleep for another 6 months.

It’s painful doing a raise but least now their are three bites of the cherry so to speak, they could have got the money earlier and done 1 flow test however that would of been a grim year. One flow test and wait another 12 months. I think mb be linched more for that than raising the funds he did and going after 3 wells.

Sorry Abazza you say Petro China are to blame for the matd cash flow problems? I thought they owed us like 300k??? That’s half a years wages for mb. I doubt that’s enough to keep the company going for a year plus resting three wells..

I may be wrong but it was evident for along time ago raise was needed for this year and the company can only blame its self for waiting so long to raise.

When are they due to drill next legal? I guess that’s gonna be the next boost when they announce that they are drilling again, I saw the market is really low so can rise quickly.

Stas I agree I believe it really broke out last year after the spud was completed so for now I'm just sitting tight and should see a profit within a few months.

Last year i sold out too early so wont be doing the same again.

Yeah I'm still in, I'm liking this 10% today. Im hoping to hold until production now as it doesn't seem far off.

If im being honest with a market cap of 13 million I expect someone will just buy the company and cherry piock what they want and sell on the stuff they dont want ie the renewables.

Heron 2 being poor destroyed this share, if that had of produced a good amount we would have faith in the rest of Heron but now their is doubt 3-5 will be success.

Its the same people bashing ADW again this morning, They have some real issues seriously, can we not focus on this great prospect we have? MB has stated before he is looking for a JV, that will be transformational for this company in the near term.

Only 3 more days until the investor presentation and this sp will be nearer the 1 pence mark

Hamm your right, Zeph did that recently, what they do is find the oil baring section then drill into it however deep to reach more of the pay load, it worked well for them so hopefully the new technology can assist MATD.

No I agree those are not acceptable terms to use and I hope he considers the terms he uses in the future.

Why did I invest? Well the company is fully funded, the sp has been dropping for the past few months but I feel it’s about to turn so I felt this was an excellent buy in price.:

I needed mb to come forward with exact plans for this year, mb has confirmed in an rns that he will give his plans for the summer months next Wednesday so in anticipation for this I have brought in.

If I don’t like the plans on Wednesday I’ll sell up and move on, I won’t sit here moaning about them I’ll talk with my money and move on to another share.

Adw it’s such a shame when these other posters try and change the topic and deramp the share by making personal attacks against you.

They wouldn’t say stuff like this to our face so splash it all over these boards.

I hope your doing ok dude, it’s not nice to be bullied so myself and the rest of the board are here to support you during this difficult period.

Just remember we have just raised so we have millions in the bank plus Heron 1 producing millions in revenue each year. Not many 14 million market caps can compare with Matd!

Abzzba 100% you go dude!!!!! Ignore the de-rampers they want our cheap shares.

When are they drilling Dai?

I'm not sure I'm feeling confident this year, this is our year!