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Https://m.youtube.com/watch?v=b9WQ0Kyv-1c

Gusto1 - you will be caught yawning.

The end of your world is nigh! And I bet you have forgotten your sandwiches!

Here she comes.

Huge RNS incoming THIS WEEK.

Hang on to your seats.

Thank you, StockMaiden for your post.

You are not entirely wrong in what you state, just a bit economical and slightly exaggerated with the situation IMO. This board is for opinions, and yours are valid I hasten to add.

My only point is that no one is stating that H1 will pump at 850 barrels odd forever. But it will for a significant time, enough to pump good and healthy revenues to build the bank balance and more than fulfill the expansion expenditure forecasted. So I do not see this as a Doom situation.

This is an oil exploration business. High risks with high rewards. This is the game we have invested in. But to me, whilst one can argue that MB has been a little reckless in regards to sinking test Wells - (no doubt because he has been stymied for some time by the legislation and the MG vs the regional government for the Heron site), when it would have been better to hold onto the cash, everything is looking really good right now. You can argue in MB defence that with the Heron field continued uncertainty, he felt the need to find and secure new fields without the problems. But regardless, we are where we are. It is genuinely looking really good. We need another two or three RNS' to drop to confirm everything that has been mentioned before becoming reality with security, and we are off.

We are one week into February. I think that next week we will get a hugely significant and changing RNS. I am very very happy to be where we are. On course and in the realistic time lines indicated. We will all find out very very soon!

StockMaiden. Stop being a Rodney!

$14.9 million is over 8 years. Only $980K over the first two years. That means a spend of just under $500,000 per year for the next two years. Easy to financially cover.

The front load exposure is nothing. The wells will be drilled and revenues expanding hugely within a matter of the next 18 months. Money inflows will cover the costs easily.

We know that H1 is a success, just needing the low cost easy fix installing the sand screening equipment to up the flow rate from 200bpd to closer to the stated 850 bpd + potential extraction rate. Heron is a commercial success already and will certainly grow at a low cost with low cost drilling of wells around H1 for commercial necessity.

Stop this rubbish and nonsense.

It is mostly stated in the RNS's. Read, digest, think and show some intelligence! There is no doom!

I agree roughly, Doc.

However, if the second bloc is awarded first, then the next RNS should be released without mention of the takeoff agreement.

Regardless, we have a lot of news due, and by the end of February I would hope we have a much more complete Jigsaw puzzle. By the end of April we should know the funding plans and work schedules planned for 2025. By the end of July we should have a vastly changed situation with good income and a lot of real expansion work for new wells and greater flow rates that will set us up nicely for 2026.

Yes, Doc.

The exact wording was that the signed contract was expected in February.

Let's hope MB's expectations are met. He has left a little wiggle room incase they are not!

Thornogson - you are right.

Another historic day for MATD. A MB quote in the RNS and the sp has risen!

Whoop whoop whoop!!!!

Yes - Altan5. You have hit this on the head.

We need the RNS to be complete with assurances there is sufficient funds to proceed without the need for a raise at this time.

This will show whether MB and the board are focussed on protecting shareholders and running a well run company without wasting precious funds or whether the slightly reckless prospecting will continue regardless of the lack of income and the ongoing sense of gambling with the company's fortunes.

Lets see what MB drops and whether he can give these assurances. I personally believe he can through stating sufficient funding with loan agreements etc in place for a short term turn around of the revenue issues of the company from where MATD will shoot up. That is my gut feeling, as stated before.

Thank you Boris.

Truly appreciated and understood.

Wishing you the very very best.

WHAT IS GOING ON HERE???

How is the sp so low. Who in their right mind would drop 1,000,000 in one go and why? Total and utter madness with a sense of being played mixed into this.

Happily here for the longer term and happily about to add to my rather large pile of shares - especially at these utterly ridiculous prices.

I feel like Rothschild buying all the shares when they crashed on the first and incorrect news of the British defeat at Waterloo. Crazy crazy crazy opportunity here.

I agree totally Takesiteasy.

BUT WITHIN THE WORDING, ANOTHER CLUE...!

MB states that they had been to the local level to gain access in 2024 AND 2025! That suggests plans are in for the expansion of the Heron field for 2025 new well sires!

We will see in due time. But to me, MATD are being very active and will drop lots of good news in various RNS' soon!

Adw. Agree in principle with your post.

The licence was always necessary but wasn't urgently important due to the 5 year temporary licence put in place a year ago or so. This is good housekeeping and makes Block XX secure for all.prospecting for the full duration of the life of the field. So it is good and another loose end tied up. But not materially important for every day activity or development at this time.

In a dream world, the perfect RNS would state the following:

Second new block awarded.

Sales agreement and export licence issued for selling crude.

Money raised from sale of crude with cash in the bank.

Renewable energy contract being drawn up for mega project funded by client and grants.

Projected expansion of Heron with close proximity wells planned by the successful H1 well. All funded by exist9ng cash and favourable terms from suppliers of services and equipment.

No need to raise capital.

That should do it nicely!

Did anyone see this? Apologies if someone has posted this before.

https://simplywall.st/stocks/de/energy/fra-ha3/petro-matad-shares/news/petro-matad-limited-fraha3-has-found-a-path-to-profitability

MATD Market Cap just £18.25 million!!!!

Well(S) pumping oil and about to be turned into cash. Sales agreement and export licence to be announced any day.

The company months away from upping the volumes pumped and revenue. Both at H1 and the cheap and easy H3 and H4 for drilling.

New bloacks.

Renewable energy urgently needed by and for export to China.

How can this be priced at £18 million.

Utter utter stupidity. Fill your boots everyone!

I agree email.

I thought I spotted this from yesterday. There were over 2 million more sells than buys. As stated, I think someone is buying big.

We will see when it is declared.

Looking promising.

An RNS probably next week - perhaps??

I saw this article on the UK's Daily Telegraph titled :

The coal-burning country killing the case for net zero

Miliband’s green energy ambitions are only helping to stoke Beijing’s chimneys

What was interesting is that China needs more electricity. A lot more! As follows - small snippets from the article:

In a bid to meet soaring electricity demand, the Chinese premier is overseeing plans to burn more coal than ever before – increasing the country’s annual usage by an extra 75m tonnes.

The planned increase in coal production will undoubtedly strengthen China’s position as the world’s biggest source of greenhouse gases, with the country already emitting the equivalent of 15bn tonnes of carbon a year – almost a quarter of the world’s total.

Inner Mongolia also has the world’s largest coal-fired power plant. The Tuoketuo Power Station at Hohhot has a capacity of 7 gigawatts (GW) – double that of the UK’s Hinkley Point C nuclear plant under construction in Somerset.

The electricity generated is then carried largely through to Beijing where it powers an estimated 10m homes.

A spokesman at the Chinese embassy in London said: “The story of global energy transition should not be a ‘China story’. Rather, it should be a ‘global story’ of solidarity and cooperation.

“China will continue to uphold the vision of ecological civilisation, deepen international green cooperation, work with other countries to promote sustainable energy development, and make greater contributions to the global response to climate change.”

It is all slowly coming our way for renewables in Mongolia to feed the Chinese market. Come on MB - announce a huge deal with Sunsteppe. It is certainly coming soon and it will be eye watering! Especially if the west demand a lowering of emmissions to continue purchasing goods or put tariffs in place which could hurt China if they don't move away from coal and to renewables quickly!

Yes indeed, Sageman. If MB is true to his word and income starts in February, suggesting the agreement will be signed and export licence being issue this month, then it should be this month, in February, that the sp should start it's upward trajectory!

We will see. But hang on for the ride. As WOS used to post - 🚀 🚀 🚀 💥 💥 💥