Member Info for MisterPositive

Matd raised plenty funds last year @ 10p to fully fund 2019 drilling.

Currently trading at 50% discount.

Just waiting for Heron-1 flow rates to get an idea of the size of resource here.

PetroChina is defo in the frame.

In my opinion cash payment for 50% farm in with PetroChina for Block20 and them drilling all future wells going forward and paying for all costs.

As far I know....Velociraptor is still on.

Heron should keep them busy and with success also Gazelle...even more busy for rest of this year and next year also.

Drop seems overdone.

MMs collected plenty with drop at the open

https://www.zerohedge.com/geopolitical/massive-fire-after-drone-strike-hits-worlds-largest-oil-processing-facility-saudi

Great interview from Tony Jr.

"He also revealed that approaches have been received from North Sea players in the oil and gas exploration business.

Providence Resources has not engaged with them yet as it has an exclusivity arrangement with APEC, but the option is there if it wants to, he said. "

I also think APEC funds would get cleared through the international banking system before end of Sep. Either way current price is too cheap and excellent entry point for folks waiting on sidelines. IMO

This could rocket on receipt of APEC funds.

Someone I think posted this week from PVR general meeting, that APEC got receipt for payment already been made. It's the hold up at HSBC for passing on the funds to PVR...may be due to extra due diligence involved.

I think funds will arrive eventually...HSBC have hurt their reputation with this fiasco and cannot hold APEC payment forever. IMO.

Market is currently not pricing in any potential upside from Red Deer...as if it does not exist, despite 50% COS and twice in size to Heron.

Current market focus seems to be Heron and flow rate testing very soon. Rig should be enroute to Gazelle already. IMO

In my opinion, Heron is likely to produce higher flow rates vs when SOCO discovered oil just across our fence before selling Block 19 to PetroChina.

Rationale likely to be the sloping downward of PetroChina oil fields into our Block 20. Hence PetroChina likely to be onto Heron and probably Gazelle like a rash...lol

Lol...may be MMs attracting sellers to grab few shares, before taking it higher...

There was no reason for it to drop from over 9p....if only it actually provided a buying opportunity to folks on sidelines along with existing holders IMO.

So much more news to come. Lot of upside...could see Double figures next week...

Can see this heading back towards 9p ahead of Red Deer Update next week.

from 2.25p in my view.

On the move.....

in line...next week

Macd,

Appreciate your very valuable analysis. We all learning every day. Thanks for sharing.

PVR placing at just 10% discount is pretty good actually.

Logp dropped far in excess from 2p imo

Strong Buy I would say.

2p just a matter of time. All things movin ahead as work continues. Bargain price won't last too long imo

Heron being in the sweet spot could suck out all the Oil from PetroChina producing well just metres away....lol

Could that be also one of the reason PetroChina is interested in helping out MATD ?

Think PetroChina will be all over Heron and probably Gazelle also as both more or less border their wells.

Cash2,

Red Deer could very well strike also. They must have chosen that location for a reason and 50% cos is pretty good imo.