Member Info for ManxKippers

Cyberton - it's known as a win win! Or a solid hedge!

There will be a huge RNS before the end of next week.

I bet my wife on it....!!!!

It's coming soon folks!

Here are the numbers, Master.

1 barrel is 158 ltrs.

1 tonne of crude with an sg of 0.87 means there are 1,149 ltrs in a tonne.

A tanker normally takes circa 26 tonnes when loaded.

26 tonnes equals 29,847 ltrs.

This equates to 189 barrels for a full tanker load.

Your welcome!

Holy Jo!! SP still at 2.5p mark.

Absolutely crazy. Madness even.almost junk status at these prices.

What is going on?

Agree in principle Gigi. But don't underestimate the process of sending a contract to the MG legal team and how long that may take.

This is why I feel that pumping oil before the end of September will be possible and a great result. Sooner will be almost unimaginable!

Sell off well down - sorry. Predicted text!!!

Iran - Israel tensions mounting. War seems inevitable now. Oil prices much lower and still falling. Global stocks we'll done with a huge sell off overnight.

SP likely to go lower today. Fundamentals good for matd, so keep the steady view and hope that China remains in play for us in the longer term without unexpected entry into a political stand against the west!

WALLOP even!

BBAAAANNNNGGGGG!!!!!!

My thoughts on this remain that we will be pumping oil at the end of Q3 if we are lucky!

MB and the MATD team have always been cautious and stayed this too. I can not imagine a scenario where a tripartite contract involving the Mongolian government with the Ministry of Mining and the official appointed regulator will be able to sign the contract quickly for the movement and processing of the crude from the Heron field quickly. This will have to go through the government legal team as a minimum. This will take weeks to sort, whilst PC and MATD will be ready to sign quickly.

I would like to be proven wrong. But I would suggest to all members of this board that a more realistic time frame for a good RNS and immediate production start up will most likely be in Saeptember rather that August.

Give it the time needed for due process to happen. But it is happening.

Ultimately right Cyberton. But 6 p may be at the end of September when they actually start pumping and selling the crude.

This will not happen for a month or two from now. Certainly not next week.

Yes, Doc.

I have posted a few days ago that proper commencement of billable business will be at the end of the third quarter. So I shouldn't be surprised. The great news is we are on track and a couple of months away from being a sustainable business with huge potential!

RNS confirms everything is happening to plan. Good details regarding finalising the deal with the regulator, ministry of mining and PC too.

Somehow everything seems upside down Re the SP and loads of sales. Madness! SP should be climbing nicely on this news.

I think this is now an optimism founded on some first hand statements and interviews from MB and other key members of the MATD team.

The next 3 months should deliver a lot of uplift for the SP and if Gobi Bear comes in too then the multi bagger potential should be delivered.

I agree Master.

The only adjustment to our expectations is that they may not pump and sell crude oil until September or October, depending on the deal being signed and operational ability to function with PC. But work in July on setting up and connecting H1 ready for full operational status for sure. H2 will be drilled a few weeks later, perhaps 4 to 6 weeks after. Gobi-bear prospect drilling the same, I would imagine.

Huge outage of data due to Microsoft problems. Flights grounded etc.

There may sell be an RNS today that isn't showing yet.

Correct Mals1960.

However, the Chinese government have already accepted the offer of mixing Matad crude in with PC crude for them to refine in China. Therefore, this is now a question of costs and logistics and contracts between PC and Matad.

For this part, the MG regulator is also involved to represent the MG interest in ensuring the best deal fpr them and fair play for Matad too. This may take a little time, buy PC will not want to damage relationships with the newly elected MG and potentially have problems with their ability to pump oil.

I believe that whilst this will take a week or three to resolve, that there are sufficient checks and balances to ensure a good deal for MG and Matad in a reasonably short time.

Let's hope.

Yes, Master. I believe H1 will take circa 2 weeks to hook up. Drilling of H2 will take 4 weeks plus the hook up. So call that mid to end of August.

Regardless, the actual pumping and loading of lorries with our black gold delivering actual revenue depends on the agreement and logistics all being sorted between Petro China and the regulator, who is also involved. Hence end of Q3 at the earliest or the beginning of Q4.

I thought they were accessing Heron 1 only in July. Completion for setting it up only takes 2 weeks. However they were not planning on pumping until they had agreed the deal with Petro China. Therefore they will also drill Heron 2 and hope to see oil being pumped from H1 and H2 and commercialised at the end of Q3 or beginning of Q4.

That is how I understood things after the shareholder presentation video.