Member Info for MisterPositive

That's a whopping 557m barrels. What is the industry guide...$2/barrel in ground value. That would be a whopping $1.114 Billion (£884m). With 662m shares in issue. Potential future valuation £1.34 per share. Assuming company hits those mean oil estimates. Actual numbers could be higher or lower....who knows. Just goes to show scale of the Upside here, even if you break it down between Block 20 and Block 5 estimates. Imho.

they just want to buy lower from where they sold....LoL

Trend is clearly up. Momentum will build further as it attracts more and more punters and investors. Little pull back normal and expected. Stay focused on the action about to happen here. Next target 10p

After profit taking, MMs now collecting a few for resale

is good...happens along the way in an Uptrend. Little breather to catch our breathe before the next sprint starts soon.

Plenty more Upside to come here. Traders will ride the waves. 10p next target before some profit taking....and so on. Trend is up with lot more drill action coming up

Profit taking was due...no surprise there. It did not go from 6p to 38p in straight line back in Feb 2017. Trend is up. Next leg coming up

RNS should put this firmly well into Double digits in my view 12-15p It's happening, It's real It's Awesome No it's not a song....LoL

MMs looking for some stock....running low by the looks

Not me mate. Plenty of other smart bigger players getting on board now for some phenomenal returns expected this year. 2019 looks to be real deal for MATD finally

Technical indicators looking strong. 10p on its way this week imo. Been on watch list of many who don't want to be left behind. got a busy drilling action lined up here.

Before double digits...coz its coming sooner than most think.

With Block 20 Appraisal wells about to start soon, what would be the position of Oil giant Petro China sitting just across the fence? If Heron-1 and Gazelle-1 appraisal wells, both strike oil and follow them up with further discovery wells, then would PetroChina be tempted to take over our Block 20 ? If so, at what price? Keeping in mind, oil trend is sloping into our Block20 from PetroChina oil field, hence both Heron and Gazelle being treated as extensions of the same giant oil field which has given PetroChina 2.25 Billion barrels. Just a thought.

Red Deer in South of Block 20 alone is targeting 48MMbo.

Blimey ! Some have done no research at all... Company has 4 fully funded drills for 2019 and had $23m cash balance end of Dec'18. If Block 20 Appraisal wells come in, then they can connect them to existing oil production and transport oil to China using same method deployed by PetroChina for so many years. Company would be generating healthy cashflow from 2020 onwards from Block 20. 50% farm in from Block V down the road would raise further cash for MATD. So you can forget about ANY Placing. Company is now in strongest financial position during its entire history. Forget about past issues, 2019 will be transformational year for MATD. Get on board the MATD express now OR keep watching from sidelines and watch price run away. Compared to other oil explorers, MATD is well undervalued given its cash position and Operational road map ahead. Each to their own. GLA PS: don't forget to put seat belts on...LoL

Duckles With momentum now back, would not surprise me if this hits 10p next week. This got to over 38p back in Feb 2017 ahead of wild cat drills with much weaker financial position at the time. Granted there were 330m odd shares in issue back then. So on comparative basis 20p could be reached pre Spud given this time MATD is in such strong position financially and drilling 2 Appraisal wells out of 4 drills in 2019. Strike on any 2 Appraisal wells or both could push this beyond 50p in my opinion, before follow up discovery drills in Heron and Gazelle. So this time around it could be the real deal.

10p could be here sooner than folks might think.

and should build much more as we near the Block 20 drilling climax.

should be an excellent year with fully funded 4 drills and totally packed rest of 2019 drilling. Lot more folks will be coming in coming days & weeks to join the 2019 party here.

Block 20 oil estimates: * Wider Heron zone / area 75MMbo * Gazelle, Antelope 27 MMbo * Red Deer 48 MMbo 150 MMbo estimated @ $2 per barrel in ground valuation = $300m Shares in issue = 662m Valuation = 36p / share EXCLUDING Fox and Velociraptor. Potential Upside is way too attractive from current price levels. Imho.