Member Info for MisterPositive

I think it could happen bit sooner mate. Happy either way. Not selling any. This is time to buy and Hold before the fireworks start.

One RNS and this could move upwards dramatically. Agree with that. Emphasis is on the word 'dramatic'. Few years back when it ran up to +38p, this would do +20% for consecutive days before any pullback. Off course did not go to 38p in a straight line but many who sold at 9p, 20p, 30p were left scratching their heads...like WTF.

IMHO, DYOR.

Next leg up in play mate. Should regain 5p and then some. Using same measured move up from 3p to 5.10....then this could tag along to 6.80p

Operations Update next week would be most welcome. Fence sitters should get back in also as price progresses higher. We already had another strong consolidation and now looking primed to resume where we left at 5.10p.

Agree. We got cash cow waiting to go online.

With 3 initial wells with lets say combined production of circa 2000 bopd at current Brent price would generate about $30m - $36m p.a.

At $125 or $150 /bbl our profits would Double/Triple.

We looking at potential 100% growth rate in production year over year from 2000 to 8000bopd over next 2 years.

We simply cannot have MCap this low if future annual profits are at 'Multiples'....

Oil production is management current focus while working on Block V details alongside. Thats a good thing.

Placing rumours ? That made me laugh.
We not even used the +US$10m in bank yet.

At $50/bbl profit for 2000bopd = $36.5m profit
With 4000 bopd = $73m
At 8000 bopd = $146m

If we generating $50 - $150m profits annually, then we dont need to raise funds ever.

I think interim results are also due very soon.

Operational Update could obviously come as a separate RNS any time addressing various parts.

Siberia Power 2 gas pipeline 30 year deal involves Russia supplying gas to China and that pipeline goes through Mongolia. So much greater economic development and partnerships being built between all 3 countries. This was reiterated by recent meetings by both Chinese Premier Xi and Mongolian president with Putin.

Petrochina JV is a given in my view as part of broader collaboration and recent signing of MOU between Petrochina and PetroMatad.

Even at $60/bbl Heron produces positive cashflows of $80m for just 15Mmbo as base case.

At $100 or $120/bbl its even better and we got potentially 10 x more oil.

https://www.cnbc.com/2022/02/16/oil-could-vault-as-high-as-150-a-barrel-veteran-analyst-warns.html

Brent surpassing $100 a barrel is almost a given at this point, many energy analysts say. Now an increasing number of forecasters predict the commodity surpassing $125 a barrel and even higher.

?Given that you’ve got this underinvestment in capital exploration, we’re running low on physical oil, we’re running short of supply,” John Driscoll, director of JTD Energy Services, told CNBC on Monday. “There is a scenario where we could vault past $120, even as high as $150” a barrel. "

“The market is in what we call a steep backwardation which gives a premium to any prompt physical available oil. We’re starting to sense that demand is on its way to recovering, and we’re looking at supply shortfalls,” he explained.

Driscoll isn’t alone in his bullish call — J.P. Morgan this month forecast oil as “likely to overshoot to $125” per barrel “on widening spare capacity risk premium.”

“Supply misses are rising. Market recognition of strained capacity is also growing,” J.P. Morgan wrote in its Feb. 11 report.

Yes. Bounced very well after testing strong support for last 2 days.

Next leg up in play now with news incoming any time.

Block XX Exploitation licence was granted once all clear was given. We are ready to go at Heron-1.

Block V - we have submitted the Environmental impact assessment and waiting an update on that which is the Exploration side.

Two very different things.

Not sure master82 what your angle is. You posted something negative previously also just before this broke past 4p....get a grip.

Building a nice platform for next leg up.

Wider market still not onboard yet. Wait when that happens. This could gain real traction then and pretty fast.

Went from 3p to 5.10p on previous leg.
Similar move from 3.9p would take it to 6.63p on this next leg up.

Higher highs / higher lows.

With news before that could do lot more.

Some are very lucky indeed to still able to get in sub 5p here before next leg up. Should do very well.

GKhan...impressive holding. I know you been here from the start amongst few others.

Strong year ahead. Current MCap will not stay low forever. News any day before AGM would be nice.

Hit 5.10 last week. Higher highs / higher lows. Could see next leg up shortly. Uptrend in place.

Oil revenues about to kick in. You cannot have MCap lower than Annual profits ??? Insane.

Another option that could also be under negotiation could be for Petrochina to JV at Block XX for say around +$150 million + back costs.

Petrochina can then drill 10-12 wells in quick time at Heron and get to 9000 bopd quicker, while MATD go after the 3 raptor drill prospects of 200 million barrels each (600m bbls) and still retain 50% Heron oil revenues plus all the upside.

Just saying....

Most likely Buy orders being worked on.

Expect after hours delayed reporting in a day or so

Same here. Added some earlier @ 3.99

This price is a steal. Been adding @ 4.80 last week so 4p is mega cheap given where price is headed. Moves fast this one when on the go.

Previous run few years ago from 3.75 to 38p took many by surprise when many could have 10 x bagged in just 8 weeks. Something similar brewing again and we in even stronger financial position now compared to back then.

Agree. Very much possible they could be negotiating better Offer terms from Petrochina.
Having raised $10.5m cash last year puts us in a strong position. Has to be on our terms.

Heron-1 flowed @ 821 bbl/day and is an extension of Petrochina 19-46 well on other side of the fence. Petrochina production been declining over past few years to 17,000 bopd rom 25000 peak. Heron targeting upto 9000 bopd. Would make sense for Petrochina to pick up extra production from Heron.

@ $94/bbl even more compelling.

Fully expect next Progressive Research note with an upward revision to the current 29p / share.

At $90/bbl revised valuation would be 43.5p
Looking forward to a strong run here from such low price. Even previous 9p touched last year when EL was granted should be left far behind. Show has not started yet. Everyone please take your seats. Cheap tickets running out soon.

Come on guys we all in this together and should do really well. Just stay focused and look at such attractive economics at just Heron oil field. We not even gone back to Gazelle discovery.

Even @ $60/bbl Heron-1 generates $80m positive NPV10 for just 15Mmbo.

They currently estime circa 700Mmbo from Block XX which could increase further with Saiga and Gobi Bear prospects identified within our licence.