Member Info for MisterPositive

At Heron oil field.
For 20 wells using same figures as below, Annual profit would jump to c. $220 million.

GAZELLE -
Company still needs to follow up Gazelle discovery as we busy at Heron currently.

Even for 15 wells at 600 bopd = 9000 bopd

This is MATD original target production from one of their Block XX presentations.

Using $85 Brent crude price and $50 profit margin would give annual Profit of +$164 million.

Above are conservative figures for balance.

Marketing guys at Riverfort are good and target companies that are more vulnerable. They are leeches.

Irony is GDR said themselves in the RNS, they had the option to do outright placing !!!!
Should have raised £10m upfront with NO overhang. I would have been more than happy to participate. Keeping a small position here and just see how things pan out over coming months.

They borrow the stock and sell it forward mate. Probably in the 40s. They already made their profit and then return the stock back to the lender when they got ther 32p shares. Dirty old game but stock borrow is big business in The City. I used to work on the stock lending desk.

They will start working on their next Tranche and repeat same cycle getting next lot of shares at 8% discount. Price never gets a chance to recover.

Previous stupid ceo at MATD killed the price and momentum with stupid Bergen deal back in 2017.
New ceo cancelled Bergen deal within 3 months of taking office after lot of criticism and pressure from shareholders back then. Company in much stronger position now with NO Debt and plenty of cash in bank.

GDR in the meantime will need to show sales to overcome this 10 month overhang. Price might rise but will keep coming under pressure from Riverfort shenanigans.

IMHO, DYOR.

UK equiv price = 6.62 pence

Someone in US happy to Buy these at 8.2 cents

How on earth UK price is sub 4p ???
This price is compete bonkers !!!!!!!

Lol. Shagged....

Dont mind slow ascend towards 5 - 6p over next few days before LP RNS lands and then straight to high DOUBLE figures.

Velociraptor-1 spud should then add further strong momentum to get to 25-30p IMO.

Nice work Jimi.
Block V is highly prospective. We just missed the sweet spot with Snow Leapord which had oil shows but oil seem to have migrated to the raptors. Hence Velociraptor-1 will be watched by many as that would confirm the 2nd working petroleum system. With Fox and all 4 raptor prospects we would be looking at +1 billion barrels at least if Velociraptor-1 hits sweet spot.

Mongolia will need all the oil they can get hold of to feed their 30,000 bopd requirement for their upcoming Domestic Oil refinery.

Everything will be fast tracked to meet that target.
Hence the urgency and proactive stance by MRPAM and Govt.

WiseOwl.
Thanks for your contributions also. Many thanks

Should be very good year for MATD.

Nice one Dozzawba. Well done.

Would also like to thank Hamm, Master82, Jimi, iamrich and all others for info sharing with rest of us. Your contributions are very much appreciated by rest of us.

We all in this together. Action to start here soon.

Could see a very strong build up here as wider market comes in to start taking positions ahead of Velociraptor-1 and Heron oil production to finally start at a time when Oil price is expected to rise further towards $95 - $100 a barrel.

This is now a STRONG BUY folks in my view.

Perfect timing for Heron oil to come online this summer.

Mid-summer price surge?

Meanwhile, Tamas Varga, an analyst at PVM Oil Associates, said that if the OPEC cuts are fully implemented then the oil balance should flip into deficit in the second quarter and further deepen in the second half of the year.

“Effectively setting a floor of $80 basis Brent (BZ=F) and sending the price over $90/bbl when demand growth starts accelerating after June,” he added.

"Goldman Sachs (GS) also raised its Brent forecast after the OPEC+ announcement — from $90 to $95 a barrel by the end of the year".

Only need Cabinet signature.

Documentation already been passed to them.

Does not take that long. Could be this week.

One signature and this jumps to DOUBLE figures.

From RNS

"Documentation to certify the Block XX Exploitation Area as special purpose land is being prepared by the Ministry of Mining and Heavy Industry for submission to cabinet for approval."

Zellman. Which part of above can you not read.
Think you need a quick trip to SPECSAVERS. LoL

Added more at 4p today. Will be adding more.

Smart money coming in.

Lot of folks missed the 3p to 35p run back in 2017 and were left scratching their heads for not getting in early and missed out on Lions share gains. Some indeed jumped in 10s and 20s and still made some good gains back then.

I thought this touched 14p soon after we got granted the Exploitation Licence.

Now with over +$12m CASH in bank company is in far stronger position. Agree been quite frustrating but we finally there. With LP on its way, this should be well in DOUBLE figures.

WiseOwl.
I like you but please avoid calling people names.
To be honest no need to call Mr Bline a liar ?

You could simply have said, i disagree instead of insults. Please be more respectful to fellow posters.

Broker targets vary from 17p to 58p risked valuation giving average of 37.5p

I would say 30p is probably a good indicator of where this should go this year. Could go much higher with Velociraptor-1 coming in which would derisk Block 5 also.

New licences close to Chinese inner Mongolia multi-billion barrel fields should lift market price even higher. Lots of price moving catalysts ahead giving massive Upside fom current entry price for anyone looking in.

IMHO, DYOR