Member Info for MisterPositive

WOS
Thank you. Keep up the good work.

Dont worry about a few "Trouble Makers" on this board...some joined just recently for their own obvious agendas.

They only target the Positive posters coz they are in their way. Same happened back in 2017 when we had a bunch of these trouble makers, but share price still went from 3p to 38p

Hamm
Some good posts today. Thanks for sharing.

Almost there now after the long wait. Any day now

Thanks Jimi. There was a hint in there.

Back in January i think Phil Malone was being diplomatic at the time without giving away too much detail.

We now know that Phil has been lot more involved in the background with various Govt Ministers meetings since his Jan interview.

Just waiting for Cabinet signature now after all Ministry endorsements and recommendations already in place.

Jimi
I dont have Facebook account.

Is there another link available please without FB ?

Operational Update will settle the score once and for all...its coming...within days i would say.

We always end up with lot of bickering on this board just days before the RNS. Think its a good sign. RNS must be just round the corner then ;-)

Bought few more at 5.79

LP is sorted in my view + other Updates coming.

They going to put it all in one single all inclusive Operational Update next week as they normally do.

Agree with compensation part. We should have been flushed with cash from Oil sales for at least 2 years worth of revenues.

With over $12m in the bank, we should have plenty healthy cash balance left. Velociraptor-1 cost is only $1.7m - $2m range.

Heron-1 workover is only 2 weeks work before we get going.

New Blocks will cost a small amount.

We could also Farm- in for both Block V and Block XXVIII. Spend more cash in increasing from 3 - 15 wells as planned.

Oil & Mining Expo in September 2023 should also be good platform to attract any Multi-national companies looking to invest in Oil and Renewables in Mongolia. Massive Upside from early mover advantage.

PetroMatad will look a totally different beast within next 12 months if all goes to plan.

You should have a MASSIVE smile when you look at this low price next year when sitting at multiples.

Curious is back to create distraction !!!

We are all adults and know risk v rewards.

Some Excellent posts today.

Soon this will be 7p

And some will still sitting on the fence.

All the hints are there. LP will be here soon well before Velociraptor-1 June spud.

Excellent development today. Very positive confidence booster. Sends a strong signal to all investors.

Yes. Think most here figured out curious scaremongering and deramping.

Going concern issue ??? Really !!!! WTF

Company sitting on US$12.2m cash

Velociraptor-1 drill cost: $1.7m - $2m range

Heron Oil cashflows to start from 3 wells to start and increasing to 15 wells - all self funded from Heron Oil sales.

PETROVIS GROUP - holding a Large position here

Mongolia Govt to save circa +$2 billion plus in annual Oil import costs buying Oil from Russia to satisfy domestic demand.

Petrovis runs Petrol stations throughout Mongolia and need refined petrol / Diesel for their Fuel stations.

I mean....where do these people come from?

Pretty obvious some have arrived late and looking for a lower entry.

Well this is cheap already compared to where this will in few weeks.

Just Heron-1 has circa 180 Mmbo with 60MMBO recoverable.

When you add whole Heron Oil field and Gazelle they probably sitting on circa 500MMBO or even more.

Just look at Petrochina block 19 and 21 estimated 2.25 Billion barrels estimate.

Land permit is a given and will land anytime. No question about it. I repeat they need 30,000 daily crude to supply the new domestic Refinery.

Oil and Mining EXPO is in Sep 2023. Mongolia wants to invite multinational companies for investment. Land laws been updated. All coming together now.

We should have producing 9000 bood today from Heron if they did not waste last 3 years to sort out Land permit. May be Gazelle-1 might have also been producing 5000 bopd by now.

Land permit unlocks MASSIVE value been trapped for past 3 years. Some folks do not understand the importance here of Asset of National importance.

Velociraptor-1 upside is separate from Block XX upside.

Curious

Exploration license gets upgraded to "Exploitation" licence after Oil discovery (to simplify things).

25 year Exploitation Licence been granted for Block XX with two additional 3-5 year extensions.

So we got Block XX till 2050.

With both Heron & Gazelle oil discoveries.

I think South part of Block XX was relinquished where they drilled Red Deer etc. So no more costs to commit there in future. Makes good sense.

We keeping the good part of Block XX (North) where we have both Heron & Gazelle discoveries.

Swing traders can trade all they want. But there is a huge risk they could miss out on 40% gains at market Open when the RNS lands coz it would simply open lot higher. You will not be able to buy any decent QTY coz of regular Auctions with NT to buy situation.

Lot of us witnessed that first hand in 2017 when MCap reached over +£110m on just speculation and cash received from Shell.

Fast forward now....PetroMatad have 2 oil discovery, Heron-1 and Gazelle-1. They ran out of time due to winter setting in so still need to follow up on Gazelle-1 discovery. We keep forgetting that

Trucking costs for Heron Oil are only $8/bbl.
(Source: PetroMatad presentation)

5% royalty costs
Oil price received will be Brent less c.8% discount

Huge profit margins.

Petrochina been trucking crude for past 20 years to their refinery.

Chinese will build that pipeline in 12 months.

Strongly believe this would be sitting over +20p in coming weeks come June spud for Velociraptor-1

Block V looks highly prospective given there have been various instances of Oil shows in the past.
Just need to hit the sweet spot.

2 hours later now again showing 361.34m !!!

Yahoo finance trading volume now corrected to 246.34 million

So there must have been 3 x 115m trades to start with.... Hmmm

Investing.com shows volume as 131.34m
So obviously not added the 2 x 115m trades in their total.

Bit lost with what happening in the background.