Member Info for MisterPositive

should keep momentum here on the high.

Beauty is the short time window between each drill Spud date. Then the anticipation of results or news leak period kicks in.

Will be difficult to buy at the desired price if oil strike comes from either Heron-1, Red Deer or Gazelle-1 as it would open 25-30% higher before doing a +100% rise on the day as the whole Heron zone comes into play with follow up Heron-2 and Heron-3 drills etc..

Obilex,
London generates the highest trade volume. Many brokers do arbitrage trade between UK and US if there is more demand coming through their books from US buyers.

Also when RNS is due, MMs tend to keep price in a range generally speaking to move it higher when RNS comes.

They cannot keep it range bound for too long. MMs only have a small window.

Correction:

11.2 cents = 9.03 p

Gbp/USD = 1.2409

8.91 pence (UK equivalent)

I think....

Most exciting thing about this Block XX drilling campaign is the very short time interval between the multiple drills.

Keeps you on your toes...

while Heron-1 drilling operation is underway, next drill at Red Deer kicks off.

Then while Red Deer is underway, Gazelle or Heron-2 kicks off.

You just cannot blink or leave the scene.

Awesome set up for a hot n sizzling summer coming up.

Yep. That explains why MMs were trying to grab shares from UK sellers for the US buyer......Hmmm

Before taking it higher once RNS lands...anytime this week

We should be in Double figures this week

Heron-1 was upgraded to 25MMbo. If it comes good, then we would see Heron-2,3,4 wells, etc...with 100MMbo just from Heron area.

If Gazelle follows same pattern, then we could be sitting on circa 150MMbo from these 2 areas alone.

At $3 per barrel in ground you get $450m which would be valued at 53p a share if my maths is right.

Yep. Most dramatic cricket World Cup final. Even super over ends in a tie. Could have gone either way.

Well done England.

Scott,
From memory, Block 19 has been the biggest producer, with about 80-90% of their overall production coming from Block 19, multiple oil wells peaking at 25,000 bopd to circa 20,000 bopd currently.

Block 19 is PetroChina's biggest producing block.

Heron-1 is less than a mile from producing oil well 19-46

That's how PetroChina bought their Blocks 19, 21 and 22 from Soco International.

Soco found oil in all first 3 wells. I believe Soco had same drilling partner DQE which is a sister company of PetroChina.

Going by their "modus operandi" , think Petrochina would be looking to make an offer soon after oil strike.

Transformational next 6-12 months.

Heron zone overall...75MMbo
Gazelle zone......25 MMbo
Red Deer..........48 MMbo
Fox (Block 5).....200 MMbo
Velociraptor......200 MMbo
Wider Velociraptor area..extra 200MMbo

Cashflow from Heron production should Self-funding.

I think to say Heron-1 was Spud.

Exciting weeks and months to follow.

Transformational stuff in MATD history.

Run up during Jan - Feb in 2017 saw price jump from around 5p to 38p (intra-day).

Many sold at 9p thinking they done well...but it kept going...15p, 20p, 30p, 35p

Was not in a straight line though as profit taking created buying opportunities for some waiting to get in.

Back then, rise was on the back of wild cat drills....this time MATD looks in very strong position with Appraisal wells of producing oil field that PetroChina been producing for over a decade.

Previously MCap got to £110m

Could see lot higher in coming weeks and months in a proper meaningful way.

They have to...

Trend is Up and looking very strong on all fronts...for MATD in its entire history.

One strike and its All systems GO...

I would expect price in Double figures soon after Heron Spud.

Then anticipation of early oil strike or news leak should push it closer to 20p before results.

Generally price moves higher in advance on anticipation of results.

soon...

MMs don't have shares. Got to take it higher if they want to grab a few