Member Info for MisterPositive

Traders would track this all the way to 10p....and MMs know it.

MMs trying to collect some shares here n there for morning float....lol

7p by lunch tomorrow as news catches on.....yep u heard here first.

10p institutional investors also in @ 10p would want a bit of profit on their capital.

Would not be surprised at all if this hits 10p in just a few days.

Market always takes worst case scenario. Turned out total opposite. Got way Oversold last 2 weeks.

Results even surprised MATD management to the Upside.

Got a sneaky feeling, 10p could be MMs interim target to start with where II would also be happy.

Upside surprise from Gazelle in the meantime would even catch the MMs out....LoL

that Institutional investors paid during placing...

Have MMs given the nod to their II investor friends for them to break even at 10p and then some? who knows.

It's a close circle I think, with high stake rollers wanting to double their money fast.

...."proven continuation of the Tamsag Basin petroleum system into Block XX."...

..."future including analysis of the additional oil-bearing intervals in the well that have not yet been tested."...

Lot more to follow through as far as I can see...additional 'Oil-bearing' intervals....Hmmm

50% Farm in would provide the cash. Petrochina can then do what they do best.

Sink 30-40 wells to maximise Bopd for their own demand also, plus the Mongolian oil refinery.

This is defo a Strong Buy now in my books.

Clearly commercial flow rate. Think it surprised MATD management also.....beautiful.

Blimey....that is the highest from our Guess list we compiled last week.

Surely the most pleasant surprise.

Company is finally on it's way to generate cash. More to follow with I think Heron-2, 3,4......

Gazelle surprise to the upside also on the cards.

Who is buying all these Million shares....

Could it be Petrovis ?....increasing their stake from what they seen ?

Will find out soon

And don't forget positive surprise from Gazelle pending further evaluation.

Price rise from 3p to 38p happened despite plenty of doom mongers even then, just different names this time around....LoL.

This went from 3p end of Nov 2016 to 38p end of Feb 2017 in just 3 months on pure speculation of Farm In ahead of wild cat drills.

De Ja Vu......could we see a repeat given this time it could be on the back of actual results from Heron discovery. PetroChina farm in looks more certain now in my view than all past speculation. They can develop Block XX and give us plenty of cash for 50% Farm in, for MATD to go after Block V with Fox and Velociraptor (each 200 MMbo prospect).

Each to their own.

That is very interesting...good work.

Gazelle further evaluation.

Would love to see a side track and follow up. Still remember JOG doing +500% on successful side track.

Pro,

You explained it well. Thanks for that.

From the past company presentation, even 10MMbo in Block XX is economic (commercial). Heron-1 alone was upgraded to 25MMbo from 16MMbo. Overall estimates from wider Heron area were quoted around 75MMbo (past RNS).

So future overall production from Heron could be lot higher with quick monetization too and early cashflow.

Some de-rampers constantly try to create confusion for their own agendas. Each to their own.

350 - 400 bopd (for Heron-1)

Donkee,
Sorry my reply was meant to be for Dusterhater.

Using your $4.3m as a guide...

if you get 5 producing wells @ 200 bopd at the lower end....then you looking at over $21m revenue.

Some folks keep banging on about 200 bopd is not good, etc. To put it in perspective, that would be from Heron-1 only...hence company focus is to follow up with Heron-2, 3,4,5 etc...whatever number they decide. If you hit the zone then, you maximise your production wells.

Petrochina at its peak was not producing 25,000 barrels from just one single well. It was multiple wells.

So overall production from all Heron wells could be a lot higher.

own a big chunk of shares in MATD and pro Mongolian Govt. This company is here to stay and will eventually thrive soon in my opinion.

Get over it....