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After that most historic day yesterday, with bomb shells being dropped everywhere in Trumps inaugral speech, there were a couple of interesting bits in the world new order being driven now from Washington.

Oil to be drilled and pumped. Crude has come off a bit today however I am not sure this will go too low. I hope that oil will remain above $70 pb. Lets see...!!

The other thought is that the wish to resettle the world and create calm and stability and to end wars is noble. However I am not sure that effectively taking back the Panama canal from China is going to be a calm and stable process. They may wish to counter this by taking Taiwan. But the interesting thing is Trumps views towards Palestine. Either they get themselves sorted into a proper regime that is more representative of the peoples needs and how to perform on the worlds stage - or risk Israel continuing to invade them with the US's backing. Then you come to Iran, who China are distancing themselves from - we understand with the sanctions on Iranian oil. It will be interesting to see if the US take down their nuclear and refinery capacity. If so oil could easilt break $100 pb on this news.

I do believe that after the shocks and rebalancing, a new sense of stability and apetite for risk and investment will return handsomely. I am also buoyed by the small MATD share vaolumes and the seemingly stable floor remaining around the $1.40 price. Any positive news with other events could see this race upwards very sharply and quickly.

Let us hope so.

I am starting to wonder about how this is playing out!

The Isle of Man new co. of MATD ENERGY LTD, strategically set up a couple of years ago, seems to have been on the agenda all along. This can only have come to plan with a deal being struck for the issuing of these blocks.

MATD has advised the MG on the tendering process. MATD has won the two big tenders at a good and attractive deal.

The signing of the simple contract of supply to China seems to be a long and protracted process with the sense they are agreeing to much more than to take some tankers of crude for cash. We will see how quickly things turn around here, but are they actually waiting for the second block to be awarded before they announce a bigger plan and deal???

Whatever does drop, I hope it is legal and totally above suspicions and above board! But there does seem to be some very convenient and planned events aligning here.

Yes, Thornogson, MB has done Bloomberg Mongolia interviews before.

Whilst not insignificant, this is local news and won't do much IMO. If this broke out across Bloomberg and was aired in the west on main channels in say the UK and US, I would be more excited.

But as WOS rightly says, things are firming up here.

MATD dropped another MB quoted RNS Bombshell this week. The price came off a little, but not too much. I was quietly OK and almost encouraged by the update.

However - there are a few little bits that conjures the imaginations with a few extra thoughts. As follows:

1. If the H1 well is delivering a high gas content that is going to be captured and commercialised, then in addition to the $40 to $50 per barrel margin to MATD on the crude, we would have further income generated in addition for the gas. How much, I am unsure. But this is an extra addtion for us.

2. If you are going to commercialise the gas production due to the high gas content, one would imagine that you would put in the necessary plant for the capture and to be efficient, you must sink more wells close to H1 that would also be high in gas content to put this all through the same capture system. This would / should guarantee better income revenues and be seen as a more solid path forward for us shareholders. This is my gut and I take heart in this news.

3. The new block is going to be serviced through Petro Matad Enerfy Ltd based on the Isle of Man. Remeber that old question from some time ago? What was that about and why?? This would seem to have always been the strategy and it would also seem that the whole plan to share on a JV goes back a long long time. There was a photo of quite a large group on the IOM. Therefore - how close or quickly will the JV be announced. Is someone already lined up for this?????

I think we are a little ahead of what the RNS states. We will soon find out - for sure!

Have a good weekend everyone.

Yes, Doc. Wow indeed.

Quite an adjustment going on here right now.

Fundamentals are still the same and it is not a bad RNS for me, still.

On the math side, $40 margin to MATD on a price of $70 per barrel is 57%. Therefore we should get over $47 per barrel at worst. I believe it would be slightly more as within the retained $30 per barrel are the fixed operating costs. However at this rate what has been pimped and in store should raise $730k + for MATD

AND RISING - BOTH DUE TO OIL PRICES AND MORE BEING PUMPED.

No debt. Absolutely none!

It's a beauty.

Encouraging RNS for me. Not bad at all.

No raise. New block signed off. Agreement made with sign off and revenue due shortly.

All good.

Missing - Gobi and H2 news. Probably too cold to look at these and do anything about them at this time of year, anyway. Also missing is renewable which is a cherry on the top addition anyway.

Yes. Quite OK with me and looking sensible for Febraur RNS.

Tomorrow, tomorrow. An RNS tomorrow.

It's only a day away.....!

Let us hope so!

I agree investor33. However, I don't think any raise is a serious option at these SP levels.

MB is up against the wall a bit and must deliver the export license, the agreement with the MG and PC and also a deal for role out of wells either on preferential terms for the drilling or with a loan facility from the MG or Bank, perhaps with a guarantee from the MG of sorts.

I can quite believe that MB can not and should not drop small incomplete parts of the picture at this time. He needs to drop the big and complete and safe RNS stating a solid and clear future for MATD.

thornogson, yes. we have a couple of things here. brent price looking much better. prices of crude all in us$. the us$ rate now at $1.22 to £1 meaning earnings in uk£ would be greater.

the sp is gently rising but when the rns lands, there is potential to see a greater lift due to these extra value facts when people may start doing their *** packet calculations to see how low the sp is.

we will see. this should come to pass soon.

I don't think any of us are against a raise, Thornogson. We would be against a raise at anything under 7 or 8p a share.

A raise at 8p per share should be small and not dilute too much.

A raise at 1.5p or 2p oer share would be a disaster and simply not fair on the existing long term shareholders.

2025 is here. HAPPY New Year to everyone.

This is going to be the year for us all.

RNS' to come a plenty.

1. Export license granted and deal signed with revenue incoming.

2. New block officially awarded to MATD and all permits given.

3. Renewable huge deal confirmed for Sunsteppe.

4. H1 ramped up to 600 bpd plus.

5. Full well drilling program for sure production executed from April 2025 with close proximity to H1.

This is incoming and soon. Saddle up everybody!

Might they have agreed to issue the export license at this meeting, now resulting in the RNS incoming imminently as suggested by OWL??

Let's hope so!

I was surprised to see this at this stage of exceedingly low SP value. Maybe someone had to pay a tax bill.

I am looking forward to seeing huge buys and soon!

Interesting to see two chunks of sales today. One for almost 2/3 of a million shares and one for almost 1/3 of a million shares.

Quite an off loading for some one.

Wigster - it's Panto season!

OH NO IT WON'T!

Thank you abzzba for your comments on me.

I have simply stated the truth with facts on the company for the year. It has not been a good year at all and the spec reflects this.

We need the board to stop their fanciful risk taking and revenue draining decisions and to focus on sure bet revenue generating investments now. No more wild card, hopeful well sinking away from the known reserve. Sink wells around Heron 1 and pump the revenue to build the cash to go prospecting with. This is just one example of my sense of failures this year.

I think there are many layers to this complex investment. 2024 has not been a good year at all.

Sadly 2024 must go down as a catastrophic year of failures. For the SP and lack of production or any revenues, when everything is supposedly in place with the trickle production commencing, is a total failure.

I am slightly struggling to firmly identify the exact reason or cause. Is this professional incompetence, sabotage, wishful thinking, naive investor froth, a sadly underdeveloped or educated third world country issue or all of the above.

Are we mugs or mules? But a sure bet multi bagger seems a long and distant dream right now.

Thank goodness I have a day job!

I agree totally, Doc.

It is difficult to think this contract will come out of the ministry until sometime in January and not on New Years eve!

A little uncertainty for a bit longer, but then hopefully this will become a solid and sound investment.