Member Info for maestro1

The fact that he hasnt mentioned the company i dont think its true, a company making 1.3bn profit will not be a small cap. So hea talking balone..

thats the one i calling it environmental, lol

Potential 90MMbo in play in this target and can further derisk further 600MMbo recoverable. This well has potential to make MAtd massive The following well wild horse has a target of 290MMbo and can derisk upto 750MMbo. Just these two wells can make the company, fantastic opportunity and the mkt will finally see it. The best bit is Matd own 100% of the massive acreage, block v, vi and xx. the final environmental permits should be in place this week for snow leopard maybe work on site should begin.

ok, you can joke about it but the risk of corruption in Indonesia is real, they are taking away your right to international tribunal should you have a problem with them, in essence they are saying its my way or the highway. Total dictatorship.

Fincairn I agree with you but in indonesia its pandemic, there are governor elections next month and the corruption eradication unit states 90% of candidates are involved in past corruption case. These governors and the local bupatis can finish anyones license. The local bupati issues licenses and he is on pittance of wages, but they become overnight millionaires. Indonesia is a phariah state. Im assuming you have read the article of the total 11k mining licenses, over 4k are deemed unclean/ unclear. Have you heard of that?

https://www.cnbc.com/2018/04/26/asia-markets-and-rising-rates-avoid-india-says-janus-henderson.html?__source=facebook%7Cmain Sat Duhra, a portfolio manager at Janus Henderson, said investors should avoid putting money into three Asian economies for now: India, Indonesia and the Philippines.

edit :cant agree to the price for the divestment

oh really why has this situation come to light now when both parties cant agree to the price they will agree for the divestment, Roi want to undercut them and now they are threatening them with environmental concerts.

hTTp://bontang.prokal.co/read/news/18366-paslon-rentan-korupsi-dan-poligami.html "These fighting pairs must be completely clean from corruption. The public must be careful to choose candidates who are not indicated to be involved in corruption. As stated by Chairman of KPK (Corruption Eradication Commission, Red. ) Agus Raharjo, there are 90 percent of candidates for regional heads who are indicated to be involved in corruption cases, "Husaini said on Monday (23/4).

Fincairn You are right i am not interested in investing in Indonesia. The post about freeport just got to me. Indonesia are not very sincere, they want all miners to divest 51% shares in Indonesia and on top of that give up their rights to take Indonesia to international arbitration. My experience with Indonesia govt is that they are compulsive liars and do whatever it takes to revocate licenses. There are governor elections next month and according to kpk over 90% of candidates are involved in some sort of corruption. Do you think ars can divert from these fishy characters?

Daisan are you sure about that? Also you think its perfectly acceptable to give up your rights in the hand of indonesian govt? Of the 11k mining licenses over 4k are deemed unclean/unclear. Just hope non of your licenses have irregularities and you dont find a large resource.

Me i dont think Indonesia is a good place to do business, they are literally blackmailing mining companies. Should they have any disputes you are not allowed to go to international arbitration, it seems they want to be in control and take away investors right.

Mindanao Please dont lie, the indonesians were perfectly happy with freeport business, it was only when indonesia wanted them to divest 51% of their mine in grasberg and sign the new cow they went funny. At the moment the two parties have a different opinion with regards to value, indonesia are threatening them with environmental fines. One of the things mentioned in cow is that you cant goto international arbitration things need to be addressed locally, does anyone trust indonesian courts? Rio Tinto dont want to do businesd in this stste no more. Foreign investors are taking money out of indonesia thats a fact.

Bladderman The best bit, matd own 100% of this large acreage. 90Mmbo + 290Mmbo has NPV10 of $3bn to matd, this is just the two prospect which will be drilled. Absolutely unbelievable..

I think within 4 weeks we should be drilling, almost all permits are in place, rig is available. I expect no more delay. Mike please get drilling.

Bonkers Blimey dodgy #%#:#: When a director in aim starts selling his shares it time to bail no matter how great the asset, ive learnt this. Aim is not regulated much its likely done on purpose so it attracts money.

Bonkers What did they do to xel? Never followed that stock?

its on a bull run, crazy to go against it.

Pijoe At the moment rabul 1 and 2 are producing 1500bopd(net 300 sdx) , rabul 5 is being connected and rabul 4 should td this week. They never expected to strike in rabul so tge additional potential of 600bopd is great.

Looks like it.