Member Info for MisterPositive

Because these are such low cost wells we can ourselves drill 10 wells simply from cashfows from Oil sales.

NPV10 estimate for just 15Mmbo is $80m which is lot more than our current crazy low MCap. For 60Mmbo that would be +$320m using only $60/bbl price. Heron alone worth about $500m.

Stay focussed on the hugely attractive economics of Heron oil field and the cashflows to come through.

Fully funded mate with $10m cash in bank.
Revenues kick in straight after they turn the taps on at Heron-1.

We do NOT need JV for Block XX as we would be generating good cashflows with current Oil price expected to go even higher. JV would simply mean we can quickly drill 10 drills vs 3 this year if Petrochina comes in which they still can as more oil seems to be coming through Heron-1 which is an extension of their 19-46 oil well. More drills at Heron equates to even higher cashflows.

This can motor ahead without warning.

Volume on US OTC was 10 x more than Avg daily volume. Closed at 5.5c = 4.06p

Added a few more at this low price. No brainer.

$95.77

Bodes very well for Heron oil production coming online at the right time.

4.30 close looks pretty ok to me.

Think they dropped it to spook a few. Yes pretty much red everywhere. My portfolio swings by 10k daily. Does NOT mean i am going to suddenly rush and sell up everything.

Next Operational Update should soon provide the details on rig contract, Brent price benchmarked for Heron oil, etc. Might even get a JV update for Block V. They could be negotiating rig contract for Velociraptor also to include in same update. Lot of things probably happening in the background while patience runs thin and frustration kicks in which i can totally understand. All can change with one RNS that could land anytime. Sit tight

Current valuation estimates here are $350m at $60/bbl oil price.

At $90/bbl that jumps to +$500 million.

Brent @ 94.65/bbl

Bigbench
We not in FTSE yet mate. Within next 2 years we could very much be in FTSE250.

Profits from Heron Oil field should increase quite substantially and would be at multiples of current MCap. So increase in current MCap is inevitable.

Any one getting in sub 5p should do extremely well in coming weeks / months. 2022 and 2023 should see a very strong re-rate here in my view.

Agree. Time to add. In the buying zone now for next leg up and another push towards 5p

Heron assigned 18.5p out of 29p from the research note using $60 Brent.

10 x Bagger from here. 2022 and 2023 should be very strong years for MATD with JP Morgan oil forecas of $125 this year and $150 next year.

Excellent news. Thanks for sharing.

Activity about to pick up now with Open borders.

Locky
Mike Buck mentioned that in his interview when he was asked back in Aug 2021 soon after Exploitation licence was granted.

Fast forward to Dec 2021 RNS....where they said in advanced discussions with Rig and service providers.

It could very well be DATON Petroleum and Oilfield services OR it could be DQE who drilled Heron-1.

We should find out pretty soon who gets the contract.

Hertstrader
Great analysis. I personally think overhang is gone. Been building my own large position here like youself and many others here while we are still sub 5p before the big move up.

Same pattern in place when we broke above 4p after 2 attempts and then rolled back a bit and then stormed over 4p to 4.35 on third go quite comfortably. Similarly we already hit 5p twice now, have rolled back a bit with a stronger third attempt to come taking it to around 5.40 as early as next week imo. The channel from 4p to 6.3p is in play.

However if rig confirmation or JV news drops in early next week, then this could do a 100% move to 9p.

2022 is a truly transformational year in MATD history with Heron and Gazelle Oil discoveries with strong Oil demand forecasts of $125/bbl.

Chill mate. Think they hit few stop losses to grab some trying to spook a few others to sell. I started buying back my position from 3.80 upwards in tranches all the way to 4.95 wherever i could.

News must be close then.

At 8000 - 9000 bopd production MATD would be swimming in CASH at $120 / bbl price generating around +$250m in profits alone.

MCap would be well over +$1 billion by then.

No wonder US market beat have got a strong buy rating on MATD and call it best in the pack amongst all oilers.

Gone Blue...
Who would want to sell before news that could be here next week. You wont see these low prices for too long.

Can only get Buy quote for £250 worth only on Barclays.....WTF !!!

May be they trying to grab a few.

Progressive Research note increased their Price target from 22.5p to 29p using $60/bbl oil price.

I would safely assume with Brent 50% higher at over $90 that price target would equate to around +43p now.

Yep. Got a few....then gone NT to buy.
What a surprise......not.

Either US brokers hold stock on their books or have to buy from UK brokers to fill US orders.

Also worth noting price on US OTC market reached over +50 cents few years back when London price touched +38p.

Lot of posters back then started quoting MATD to promote other stocks when MATD share price ran up from +3.5p to +38p.

Also came across a piece on US "market beat" site who now got "strong buy" rating on MATD. I found that very interesting coz US buyers been paying +14% premium on UK closing price today.

AIM market is the normal listing for MATD but US investors can still buy / sell on OTC market via their US brokers.

Commonly referred to Pink sheets (dont asky why pink?) Over The Counter market.