Member Info for MisterPositive

EIA report was 7 years ago before Heron-1 discovery was made which flowed Oil to surface naturally and recorded best light oil from Tamsag basin.

Recovery rates could be lot higher if whole of Heron oil field is sitting on light Oil like Heron-1.

EIA report 7 years ago used low recovery rates. Heron-1 has clearly proven otherwise. Block XX could prove to be much much bigger than originally estimated in my view.

Current estimates of 2 Billion barrels "recoverable" oil just from "Tamsag" basin would most likely need to be revised higher.

Petro Matad Block XX could be sitting on potentially +1 Billion barrels recoverable oil in my opinion. We not even gone back to Gazelle discovery yet.

IMHO, DYOR.

Moon
I would expect first Heron oil in Q2 sometime.

Heron-1 flowed at over 800 bopd if i remember it correctly. With 25 years Exploitation licence in the bag now they can drill additional wells Heron 2,3,4,5 etc pretty quickly to add more production.

MOU with Petrochina in place now allows us to use the spare capacity created by Petrochina production decline to circa 18000 bopd now from 25000 peak few years ago.

With Oil heading towards $125 / bbl this year, we could really get loads of cash coming in. June oil options at $100 / bbl went up quite a bit last week. With our oil benchmarked to Brent crude, production anytime Q2 would be really nice.

Very nice 1m Buy. Just buy any temporary dips. Bought a few myself. Going higher.

50 DMA been getting higher and should cross 100 DMA and 200 DMA in coming days. Very bullish set up ahead.

I say get stuck in and put 5 -8 wells in at Heron.
500 bopd per well.

Oil revenues should self-fund additional wells.

Petrochina ramped up production same way in getting to peak production of 25000 bopd.

At $100 - $125 Brent price this year and higher in 2023, Heron oil field should really get loads of cash rolling in.

Does that mean we can use Petrochina Drill rigs?

Probably it is simply Govt way of putting pressure on Petrochina.

If we get drill rig news on Monday, then this would simply Double Up in a day.

Follow up RNS later on in the month with Petrochina JV and this would Double again to 15p pretty fast.

JP Morgan forecasts for oil:
$125 for 2022
$150 for 2023

Like someone else here said, we can just Turn On the taps at Heron, one of the best light oil ever found in Mongolia and we can rake in loads of cash. Mongolian crude benchmarked to Brent.

194m barrels of oil from Heron-1 with very high recovery rates as it flows to surface naturally.

Another 500 million barrels then from rest of Heron Oil field.

Then we go after Gazelle.

Momentum building at the right time.

7p could be here next week.
Another crack at 4p today. Once done 5p should come quick as more folks join in ahead of RNS.

Nice one Max.

Yes. I think time to Double up position here. This is probably very close to turning around.

Rotation happening now and money moving into commodities which have been left behind.

Bit frustrating this despite iron ore hitting $128.66
It closed slightly red today......i mean WTF

What will take this fekker to move higher ?

Only thing ALIEN here is the crazy low £26m MCap Vs the fundamentals / assets.

This should be at +1.67p or higher minimum, not floating around 0.67 ?????

Market still treating this as the old "Arian Silver" with just a Mexico Silver deposit ????????

Alien Metals is diversified explorer / miner now and very different to the old Arian Silver !!!!

Rant over.

Correction:
8m traded Tuesday
13m Wednesday
16m Thursday

8m traded yesterday
16m traded today

Activity picking up here ahead of news.

Consider today a "Trial run"....

Expect another crack at 4p tomorrow.
Volumes been rising with 13.27m traded so far.

All resistance levels are taken out in any re-rate.

4p should be gone also and pretty soon imo.
5p should then come lot quicker as wider market catches on. On watchlist of many from that previous rise towards 38p few years ago when MCap touched over +£110m with less shares in issue. Obviously wont come in a straight line, but would be well worth it and fast. Current MCap is no way close to that £110m and we got a pretty strong cash balance this time around.

10p could come lot quicker when news comes in on either Block XX or Block V.

7p could be here next week once the herd move in. 10p this month defo on the cards.

Drill contractor news expected on both Block XX and Block V.

Finally good to see some old names from the time when MATD had its meteoric rise from 3.5p to 38p in 8 weeks. Less shares back then, but with current 900m shares we could still have a very strong rise.

ATB. GLA

JV or Farm In by Petrochina and we could see 30p this year as Heron Oil production would get ramped upwards and pretty quickly.

With raptors this year, excitement should pick up even more. We still at the lows, with huge upside.

3.90 paid.

That interview was back in Sep 2021 if i remember it correctly.

As per 7 Dec 2021 RNS...
drill contractor talks are at an "advanced stage". So we moved on from that.

Curious
2 years from now we could be easily at £1 or higher. Only 900m shares in issue. That is why it moves fast when on the go.

Heron 1,2,3,4 and more should be well in production by 2024. Block V the 3 raptor drills each at 200m barrels should also come into play if we get production from there also. MATD could be producing lots of barrels by 2024 to feed the upcoming domestic refinery.

That is why buying at 3.80 or 4p or 4.50 has very little relevance if we looking at future price target of £1.00 or higher. Traders might work with just 5-10% daily to maintain their lifestyle but they not lifechanging returns. Potential upside here is unlimited as there is so much Oil untapped and still in the ground.

IMHO, DYOR.