Member Info for Mike31

Funny that comment. Our Ceo Mike Buck at Petro Matad is a true man and a wise one. He say, he does. If there is an unforseen event, he updates investors with honesty, unlike Paul that little boy.

Most importantly, our share price is up 12% today. Block Energy share price has gone down again.
May have to change names again soon... Gold Blocks sounds good LOL

Who want to bet all 3 wells will be up and producing by the end of year then. That was the plan, it always has been.

It wouldnt look good when timelines are missed and production rates under perform

The fact 16az wasn't mentioned in today's RNS is extremely worrying. PH could have hightlighted all is going well, and he could have chose to be conservative to say we are still expected to produce a minimum of 295boed. Key word here is minimum

To not mention 16az at all has caused all sorts of doubts. Makes one wonder if we will produce 295boed or even that figure has dropped, let alone increasing after cleaning.

Very poor management and shifting focus left, right, front, back while sp continue to slip. Not because we have derampers here, its how the wider market value the share and trust and confidence are being drained away like a withering plant in the desert sunlight.

Its a long journey up ahead and I did mention one little ballse up could negatively impact the company-investor rapport and will result longer duration for the sp to recover. I do hope PH does the right things to reclaim some credibility. Through actions and results, and not just words!

Its becoming clearer and clearer by day, this is a lifestyle company. Its evident the podcasts and RNS differs greatly. We need actions, not plain words

Over promising and underdelivering. Every time Gold Crest (I mean Block ) ballses up, they just move onto the NEXT big prospect. Rinse and repeat

RNS are supposedly there to answer questions, not create a ton of questions.

Well well well... I was hoping for a more detailed operational update and also information regarding 16az. It seems PH's approach is to direct the focus onto another well, WHY?

Some will say it is because the price sensitive information he is not allowed to disclose. Well, he sure gave a lot of figures at the start of the campaign and those were not considered to be price sensitive. Lack of consistency throughout the operation and investors are blind to not suspect problems at 16az

There is no way that I am going to believe they are fully funded for the next 2 years! It is a statement by far with little supporting evidence. I won't be surprised if they turn around and do a fund raise / loan in the not so distant future

brgmg69, I just came to say hi as there are a few on here really fixated on me. Depise me when I'm here, but call me out when I'm gone. Hence, the title of this thread. Like Bill has pointed out, no substance in today's podcast. Laters

A few individuals called out my name because of an video interview has been released and treated like an guaranteed sp recovery catalyst.

In my opinion, far from it. Looks like we have already forgotten not to fully trust video interviews, they hold no legal consequences

I listened through the video, it all sound good on the surface and the ambition to try and achieve much more in the next two years, but what I was hoping for were more in-depth implementations on how to execute the forward plans.

There were no figures mentioned throughout the video. I guess PH are being more careful this time (which can be good or bad depending how you view it). The sale pitch remains the same 'Fully Funded' were used again. However, not convincing enough for me as I want the actual figures + flow rates + time frame in each phrase of the plan for me to evaluate more realistically and understanding the risks during each step etc

As the old saying goes, Actions speak louder than Words. Nothing has changed much and I will be waiting for a more detailed operational update going forward.

I hold 100k shares but averaged down from the 30p levels ...could have bought way way more if I knew we be stuck at these levels

flava, why are you confident if you don't mind me asking?

Nah, I guess I wait it out. Its still early days

Pretty amazed that RED is all across my portfolio for the past two days. Aim at its best and most of the drops are unjustified looking at the risk vs the potential

Must say I'm pretty disappointed with the sp movement since having bought in at 2p. I should have stuck to my rules and waited to buy in. The recent RNS looked too good to ignore and sp ain't reflecting the positives at all...
The sp could be held back for the warrants but certainly no reason for it to drop back to 1.8s
ai yai yai

The oil is going into our storage tanks lol

A good strategy if there are oil in Heron, is to offer joint partnership with Petro China. In a way, drag them into the politicals, and with a big Chinese organisation as our backup, even corrupt Mongolian officials will not dare mess with us.

Things are happening in the background at a masshoosive scale

Tbh, I thought we had the Mongolians government's full support. If the theory of corruption is correct, then its better to play along imho

If Mike Buck does things through the normal channel, he will have problems. This is not the time to be clinging onto justice and legals, rather under table deals is how the real world works.

Whatever the hold up and demand, if its not too unreasonable, just comply and problem sorted. You cannot use your own set of rules and expect it to work in a foreign land.

Are you sure its tomorrow? I have another date in mind based solely from memory

Rather than investors, we all should have aplied to be government officials, then we will have our big fat wallets lol

Well, the best apart about today is the traders at either locked in at a loss or have sold out

I have held Matd for over two years, I have seen worse and my average at 10p. Not planning to average down, not planning to sell either. Just waiting patiently for it all to unfold

To be fair, our Ceo Mike Buck need to learn how to play the game. If I was him, I would just pay the official a small sum to get us going (12K a day wasted) might us well use it to please the local official. Once we prove up oil, and have more reason and power backing us then we can start to ignore these noise. We would then be in a much better position with more bargaining power. Anyway, aside from the small set back I am delighted we are being reported on the actual problem. How many other companies would rather stay silence, you and I both know very well