Member Info for maestro1

PC may JV for additional wells next year.

The mkt wants proof that matd produces this year. Once they get confirmation this flies. Its a massive resource with 60m barrels recoverable.

Not long now

There are some thinkin this will goto 2.1p trying to buy cheaper i dont think it will happen, the downtrend is over.

Winteroz

According to Mike Buck there shut down is late Nov. So dont worry, H1 will be producing and we will know flow rates for H2.

Finally a factual post.

D1nger, you are correct recoverable oil is 60mmbo. Mkt cap should be close to 100m.

Mkt still doesnt believe we will produce this year. I think they will.

2m

Legalwolf

PC paid for the infrastructure, until matd dont have their own its a cracking deal.

19 September 2024

Following the high level meeting held at the Block XIX facilities some 20km north of the Heron-1 well, agreement in principle has been reached between Petro Matad and the Block XIX operator for the collection, metering, processing, storage, export and sale of Block XX production. The details are now being incorporated into a cooperation agreement which will then be presented to MRPAM for its approval. The parties have committed to try to have the agreement in place in time for production start-up on Heron-1 which is now anticipated to be during October.

07 October 2024

The cooperation agreement with the operator of Block XIX is progressing well and commercial terms are near final. They are in line with our expectation and understanding of the costs of the ongoing transport, processing and export operations. MRPAM has been kept informed of the negotiations and is standing by to review the agreement once it is in final form.

Has temp facility been installed at heron1?

Im expecting news next week, remember ipo just over 2 months ago was 12.5p, you always get some flippers hopefully they are gone now...

Hold next 3 months guaranteed to make money on this stock.

Just few weeks ago SDX stated they have agreed to cln of $6m and wont be drawing down and now in the space of 2 weeks they have said they will further increase cln by $500k ($6.5m) and drawdown further $2m.

Scandalous.

Results tomorrow or monday, wth is happening here, Aleph forced the company to reject 10p a share offer look where sdx are now.......

InvestAce

you need to calm down...

Looks like sdx are broke, cln increased and will drawdown further $2m. Where has WG cash gone? Last results they also had $4m in bank.

How will this loan be paid. Sdx is over, even citic have stopped paying for gas upfront.

H2 will not come online this year.

The post was 6 days ago, i think we may get h1 results before 30th sept..

Doesnt stay below 10p for long.

29th Aug rns "We look forward to keeping our shareholders informed, with several updates expected in the coming weeks and through to the commencement of drilling of Hussar."

Almost 4 weeks ago that was stated.. Dont miss it..

This suggest news is imminent..

Dyor

Hardolestation

I have filtered him, why are you conversing with him. If he was negative on a stock thats fine but he was clearly trying to buy it lower.

He admitted in the past bought 3/4 times in the 10's and sold it in the 11's.

Sad guy.

Legache

At present they owe just over $4m to aleph, you talk about them reducing cost, but you fail to grasp production has declined in morocco and egypt, this will result in reduced income. Im trying to figure out how they will pay aleph off?

They need money to drill in morocco, production would have declined in SD as no development have been done in 12 months and now they saying they may not sell SD. I see dilition coming if they want to grow now cause i think no willing to buy SD.

Year end target for disposal is no longer on cards? Why did they sell WG which was decent earner then?

Howbdo they plan to pay $4m back with Hefty 20% interest?

Bright side investors can see the accounts before they vote on the loan.