Member Info for Manro

Yes, Mr P in the medium term, of course 2-3 years and even more. But, if somebody would like to take some profit in the near term, then in my opinion it would be wiser not to rush. And do it after the getting the driling results of all 4 wells. Only doing so we can get the chance of maximum return on the capital invested. Especially as we know the chance of success in the block XX is much higher then in two first ones.

Good post as usual, Mr P. If only there is no further delays and everything to be going in accordance of this year plan then the best option will be staying with MATD for 6 months at least or till the last drill result in block XX. Here is one of my favourite song called "Stay with me". Enjoy it in such a lovely and warm weekend. https://www.youtube.com/watch?v=SJE47yMgcNc

Yes, JohnHenry agree. I myself got bored by this forced one month more expectation so much that wanted even to sell 500K today and instantly buy a bit more for the same amount. Last time I was able to do such trick, but today I wasn't sure if I could. And now I see that I was right. MM has already begun its own tricks by expanded the spread with a significantly higher Offer against Bid price. This is why just at such times real patience is required. I wish to all our true Matadors a very nice and prolong weekend.

Or even in one of them?

What it would be very interesting to me it is to look at the face of some strange people gathering here and constantly spreading all of kind negativity and see what they are going to say in case if PM will drill all 4 well this year and strike the oil in all of them and in estimated quantities? Come on pessimists tell us now how you will feel happy or depressed?

Really good post, noix but only for thoughtful people. ATB

Yes, and because of the volume still low and because of Matad is very unreliable I will suggest to all of very clever investors here and all of our pets which are absolutely rightly worrying about the future of Matad to wait till the oil strike. It will be very right time to invest without any danger to loose your hard earned money and after that start write positive comments or just gladly and loudly bark :-))

Snow Leopard spud - 36p Wild Horse - 59p 4th XX Block spud - �1+

HoofHated, I am glad to know that you are LTH. No one says it will be easy to fix a broken drill bit from 1500 or 2000 meters in the ground? Despite, we must not forget how many successful drilling operations have been already made, both in Mongolia and in neighboring China with the similar hard ground structure. And to be honest I do not quite understand people investing in any stoke without belive in success. Change your attitude mate it is important to be optimist. And ready to catch the greatest of moments of our luck, which could sometimes come even by pure chance.

I don't want to be unkind to you mate but it seems to me that you either do not understand who are the "rampers" or unaware the whole situation in which is Petro Matad today. If you are thinking I am artificially embellish the situation, then I suggest that you read and listen everything that said Mike after becoming CEO. I would also recommend you study some Russian sites that contain information about the oil and gas potential of Mongolia. And then you'll understand that it's not me, but Mike and these Russians are true rampers and I just belive and trust them. What is concerning the water you may also know that 75% of our planet and even our body contains a water however there is a plenty of oil and gas too :-))

MM can do everything, even unbelievable. Except what is inevitable - this year a new and largest ever oil and gas field discovery in Mongolia. Strong Buy and hold calmly till the first successful drill.

Ojay, yes I agree there is a risk in any investment especially in AIM companies. But what is concerning to Matad I honestly can't see any risk or at least for me personally. Because I have been lucky enough (by pure chance I must admit) to make a very good profit already which will protect me even at the sharp SP fall to 2p. But most important argument for me is the fact that there is an oil and gas in Mongolia and in enormous quantities. This means that the new and greatest ever discovery imminent. And it will happen this year if only the BOD of Matad are true professionals and not some kind of crooks playing their own and very strange game. And because I can't assume in any way that they can be swindlers the only inevitable option remains the large oil deposit discovery or a bit smaller one. And belive me it will happen even if all of our well known dogs will start tirelessly bark together here wanting to prevent it :-))

I agree with you entirely, Dusty_Fresh. If after thorough analysis we have came to the firm belief that we are investing in a business that has a very clear goal and which is absolutely achievable because of 100% certainty that there is a Big oil in Mongolia. And most importantly we believe that the company is not leaded by a crook but a person who causes respect and trust as a true professional then how can we throw such a company with such a CEO halfway? No, my friends, I will rather lose all my money than the great joy of being with PM as my company from the beginning and till that happy moment when the first oil splashes will break out of the ground and when I can feel it as my own success and hence my well-deserved reward for support and complete loyalty. Strong Buy and Hold as much longer as you can.

Yes, SBB1. I even want to fly to Mongolia and watch the drilling process of Snow Leopard. And I'm just waiting now for Mike to confirm the start date of drilling in order to book a ticket. Because wherever I am, there are always great successes :-))

Yes, MIKEY 30 I agree with you concerning the visas. But in relation of sending an uncertified rig for the major drilling contract the failure of Sinopec is inexcusable. It was something really nasty event in what was hard to believe. That could happen only with the company under the poor management with unqualifaied personal and which I never thought it could be Sinopec. Therefore I hope there will not be any such kind of failure with this contractor. Otherwise it must face severe penalties or even to be replaced asap if there is any doubts of the level of services it can provide.

HoofHated, you are undeservedly accusing Mike in the failure which is nothing to do with him and Sinopec the only guilty party of it. And the fact that Mike did not change the driller this is because wise man "do not change the horses at the crossing". Therefore, now we should not blame Mike for what he did not do. But calmly wait for his next steps, and then evaluate it based on the results he achieve at the end of 2018 drilling programme.

HoofHated, I know Russia very well and tend to agree that neither Russians or China will be delighted by Big oil discovery in Mongolia. I can understand your concern of Sinopec too. Two big faults and specially sending an uncertified rig for a major drilling contract as well as failure to get worker visas timely pretty much looks like either intentional act or unbelievably poor level of management. But I am sure that Mike very well aware now in all of this and able to act very quick and decisive to prevent any further nasty surprise. Because in such situation even natural failure caused by objective reason will be look suspicious and Mike could never be completely sure if it was natural or intentional failure. Therefore I agree with Dusty_Fresh and would not suprise if Mike will decide to replace Sinopec by a new driller if needed. I believe that Mike will not allow such a huge risk of the third disastrous failure without severe consciecences for Sinopec. This why there is nothing for me to worry about and I am absolutely sure in our bigest and soonest succsess. Especially when we all know that there is undoubtly the Big oil in Mongolia.

Excellent move, SBB1. Soon you will be very proud of it and gain enormously! ATB, mate.

Onece, while I was still at school, our teacher took a sheet of paper and putting in the center one tiny black dot asked us what we see on it. Almost all of our class began to shout in chorus: a black point, a black point .... And only one of our guys suddenly shouted loudly: a large white sheet and one small black dot. Readings of some comments today did convinced me once more that many of us often remain at the same school age, when we can notice tiny black dots but easly ignore all of the big white colours that surrounds us. So, nothing was changed and the nearest future of Matad was bright and remains the bright. And that is what all of our true Matadors going to make sure very soon.

Yes, SuperRoty our money is safe now and we can add a bit more or just relax and enjoy the ride. Swim and sunbathe in some fashionable seaside resort or embark on an exotic journey through the world. So whatever we now would do it will be fully justified. Except the sale of our shares in which I am totally agree with Monsteroil. Selling shares when its known now that the Wild Horse prospect mapping and volumetrics has increased the prospective resource potential to 490MMbo from the previous estimate of 290MMbo could be a very painfull mistake with the colossal losses if the drilling will be successful. I will put SL rather than sell any of my shareas, especially as the chances of success in blocks XIX and XX are even higher than in the first two.