Member Info for mikec365

The commercial terms of the Cooperation Agreement with Block XIX operator have been AGREED and the final wording is being prepared for sign off by MRPAM. Once approved, export paperwork for Block XX crude can be prepared and sales will then commence.

Hopefully those 4 million + shares that have just been dumped are the last of the big seller so we can now see a steady rise next week.

No one more peeved than me, I topped up around 250,000 shares yesterday if only I waited a day and a bit I could have doubled my money in short term. We all know if this opens at 2p tomorrow it will close at around 3p and will be 4p+ plus in a couple of weeks. In for a penny in for a pound if I can buy more at 2p fill your boots…….

Forget last message I managed to buy a few small chunks, traders probably on a late lunch or on Tik Tok :-)

Thought I would buy shares just to trade at these prices but cant get a quote on ii to buy. Tried 250,000 at first but cant even buy 50,000, anyone else unable to buy?

Think you need to subscribe

Sorry link does not work for some reason, it is the latest progressive report out on Petro Matad

Https://d321bl9io865gk.cloudfront.net/view?src=https%3A%2F%2Fprogressive-singletrack.s3.eu-west-2.amazonaws.com%2FMATD_20240502.pdf%3FX-Amz-Algorithm%3DAWS4-HMAC-SHA256%26X-Amz-Credential%3DAKIAW3DTAMO2FOTG3HE7%2F20240502%2Feu-west-2%2Fs3%2Faws4_request%26X-Amz-Date%3D20240502T063547Z%26X-Amz-Expires%3D86400%26X-Amz-Signature%3Db12fc900fbe28dd345b54a14632b38614e1feaeb81c19fcef7211e33d9bc6def%26X-Amz-SignedHeaders%3Dhost&data=UZZr8Cl6YJxhbHY0jWFWYlmvmaiZuZlyh51HA1WOyPWATGZByHzhVN9s7sdOUIlymOh8415NDNahCRCQ%2BUsJeTopYZipKTkzJv4LJbq3Zyhu%2BsG%2BjMZEMbhY1ZmNDDe3&referrer=https%3A%2F%2Fresearch.progressive-research.com%2F&namespaced=true&aid=a0NTw000002fDoBMAU&perms=copy-paste;download;print&perms_sign=p%2FJlkPFXlXdWo4okdukOkv8fyki%2Bu6B%2BZgcHkwHHakDO4Rt1SogcCqZcbpnUzHLQnc%2FJ0WpihnFCg3xG1jU%2FvmJB1W0UivnZItpy%2BSG%2FoXLWpRgJgvNlHNxiVf1EBFxrteEdz8%2FiEHwDmnvBAlK838qw04M7lhPK7gm3qXz6lLk%3D×tamp=1714631748&rating_opts={%22ratingValue%22:%220%22,%22ratingType%22:%22star%22}

Can we all leave a comment on this Facebook post from the Mongolian embassy promoting foreign investment about the problems Petro Matad are having. It may force the issue, every little helps......

https://www.facebook.com/MongoliainUK/posts/pfbid021samV8GwxaZLKu5LxzRQgMs3YPa6nB7PrvqMfBQkmaiwZPUnMVmadwWA5XZiNsiZl?notif_id=1714229172870693¬if_t=mention&ref=notif

This has been 33p before with no oil. We now have oil, investing is for the patient person. This is why invest on AIM for the big gains x10 if you want 5% a year stick to FTSE

They forward sell them.

So many buys but price not moving think they are all forward selling placing shares then price will shoot up once all sold.

Bought these years ago at 45p and impatiently sold at 55p before the rise to £7..... hoping not to miss out this time, as hydrogen is the future.

Has there been any more dilution since the placing at £4 and are we in a better position now than when people thought this was worth £4 per share?

All today's buys showing as sells......

I can't believe how undervalued and under the radar this company is, ripe for a takeover at these prices.

When is the Mongolian oil refinery due to be completed? I have a feeling they have been told to drag this out as long as they can as they want the oil.

Made a modest profit on these so far so looking at an exit price. Do we think £1 is achievable in the short term?

trying to work out an exit price target on these (back of a *** packet calculation). say average life of well is 20 years, based on 60,000,000 barrels@$40 profit, so $120,000,000 profit per year just on heron. say net profit is 50% of that so $60,000,000. value company on pe of 10 so around $600,000,000 about £500,000 a year so about 50p per share just on heron. please correct me if i am wrong ?

60,000,000 barrels at $40 per barrel profit = 2.4 billion.

What’s not to like, I thought it was quite positive, guaranteed oil by year end so no fund raise needed. More drilling next year so more wells and hopefully more money.

"On the Block V Exploration PSC area, local government approvals for land access have been secured. This area does not have the same history with the oil industry that Dornod Province has and as such, just as in previous years, thanks to its continued focus on positively engaging with local communities, Petro Matad has been able to secure all necessary permits to work on the land covering the highly prospective Raptor Trend and the Velociraptor prospect"