Member Info for Mike31

How long has it been now since 16az?

Why still no flow rate?

Yes, this company is a total farce unless PH comes out and prove the final flow rates otherwise

Well said Simon.

I prefer a down to earth person as suppose to somebody who just hype. Nothing comes good from over expectations and promises you cannot keep.

Reminds me of Paul Haywood from Block Energy.
Sp went from 3p to 17p, and back down to 4p not too long ago from hyping and not delivering

Although I agree the presentation wasn't presented in a way to beef up the company and its upcoming plans... but I found that come across as more realistic and a prudent approach.

Mike Buck isn't known for hyping and then not delivery. I suspect there is very little that he hasnt seen in his career, so he just kept his cool.

Painful to watch

Then again, 2-3 more months wait is nothing

Most importantly is we have oil at Heron

Just listened to the presentation.I like the way the company is going forward. The company objective for 2020 is sound (it may not suit traders looking for just hype and quick rises).

Rather, the company is realizing their goal to become a self-funded producer/explorer. This has always been our objective.

Just because the company prioritizes on Heron-1 doesn't mean we have given up on other potential wildcat/appraisal drills. Petro Matad under the leadership of Mick Buck and Tim.B have put a realistic and strategic plan in place.

Bring Heron-1 online / Secure funding for future operations / Extend exploitation license/

The above is for once after Heron-1 is bought online, then everything else would be in place for next phrase of tge company!!!

The bonus is: Mike Buck is not a fan of placing, which is why he mentions possible JV talks with Petro China and or Bank loans.

I, for I think they have made a wise choice to prioritize materialising the asset. Imagine if we just went ahead with more drilling, then the company's management would be questioned in my book. The sp has dropped as we know, too many rainbow chasers and traders looking for a quick return.

They know they will get away with a promotion video. I hope nobody fall for the same trick twice

impatient investors

Why a 7% drop

I don't know bigbench. Exciting time for Matd though.

Mate's rate?
Not a very good mate then
A good mate would advise to get out of this immediately imho

GaptainStanley, always sell out and then in a position where he needs to gap up

Bill, you are not the first to be accused, insulted, and bullied on this board, and you certainly won't be the last. All simply because you post facts, and balanced opinions that contain a fraction of risk that have a negative impact on the company

The rampers don't like to hear anything that doesn't suit their agendas. They want everyone to believe the sp will be 20p next week, and 50p by year end. Any sensible people will know that will not happen.

From the moment PH hyped well16az, the company's credibility has gone down the drain. This is most probably why the recent gas news had no positive impact on the sp.

I also remember you asked how the well was going during the clean up phrase, and the company responded all is going well and indicated in the RNS that production rate is increasing.

What was the end result of that? Clean up completed but no increase as suggested, so the company gave a false perception but cleverly done

I'm holding onto my golden PetroChina tickets!

I think the facts would just get swept under the carpet because 20p or 50p is coming ...but only in your dream

16a messed up.... you all have been warned
Same with w38 and the gas
All those shouting 20p or 50p are experiencing reality from recent drops

Agree Manro, but may I add its all happening as part of the longer term strategy. Matd ambition has never once been forgotten: we are currently focusing on generating cash from Heron, recouping and off we go again. Its all part of the process.

Every time this stock goes up a little, we hear 20p by Friday

You know the answer very well Captain.
No body can be absolutely sure for 2020 operation plans, but all the latest news and details in the presentations points towards a JV / or loan now that Heron is flowing with success. Heron will be a cash generator funding further drilling.