Member Info for MisterPositive

Could see this pushing towards the 6.5 level tomorrow before we enter June on Mon.

Break above 6p could trigger a swift move to 7p. Chart looking strong now after a long healthy consolidation.

minimum in my view. We all know how fast this moves when on the go. +6p close this week bodes really well for next week and so on....

Manro, My own view is PM would strike oil from both Heron-1 and Gazelle-1. Then we could see, Heron-2 and Heron-3 and likewise Gazelle-2 and Gazelle-3 as follow up discovery wells. Block 20 (North) could be sitting on lot of oil as the trend seems to be sloping into our drill spots from producing Petrochina oil wells. Red Deer 1 will be extra bonus on Top. 50p might look very conservative if above scenario plays out. In my view that is exactly how PM board look to play out. Fox and Velociraptor would be the trump cards for later in the game. Block 20 wells can be connected to existing oil route and start generating very healthy cash flow. MATD becomes self-Funding to extract maximum oil from Block 20 additional wells as they only cost roughly around $3m each. They can always do 50% Farm-Out for both, Fox and Velociraptor on very favourable terms as one option available if desired and still keep 50% of all the Upside from Block V.

I think the ascend has just started with 10p pre Spud very much in the cards. Expecting this to start ticking up gradually as more punters come in early before the price runs up too much. Exciting times ahead. Even 10p would look silly as Heron alone would be worth lot more than 10p in my view.

Mike Buck mentioned 75% cos in his proactive investors interview. It's also in one of the company presentations. Mike Buck thinks it's more than 75% cos as it is just 1km away from producing PetroChina oil well just across the fence line.

With a decent oil strike at Heron & Gazelle, we could be on our way to 50p in my view

And still might be cheap given the strong financial position company is in compared to Jan-Feb 2017 when price ran up to 38p. 2 simultaneous drills about to go in action. Plus appraisal wells right on the door step of 2 Billion barrel Petrochina oil field. Rare on AIM...one of the cheapest oil explorers on AIM currently, if not the cheapest around.

Folks were paying 13p last year. Current price seems a Total steal with drilling so close now and right next to the 2 Billion barrel oil field owned by Petrochina.

Way too cheap this one right now. Wait till the herd arrive.

That is a superb read. Great find. Soco International sold too early for $100m to Petrochina coz oil price was down to $20 a barrel. Oil price now for same amount of oil would be close to 4x times the c.$100m paid by PetriChina back then. Petrochina have now developed that oil field to about 2 Billion barrel resource.....wow. MATD could strike it big here in coming weeks.

Just sit tight guys. This won't stay low forever. Just need news that all is on track. Then let the drill action do the talking. I am pretty confident of positive result at both Heron and Gazelle. Strike at Red Deer will be extra bonus on top of the appraisal wells. In my view, this company despite past delays, is going to emerge as a pretty lucrative investment with significant high rewards on the way. All the Upside here from Block 20 Appraisal wells without even tapping into the combined 400-600 million barrels at Fox and Raptor.

Agree. This can move up without warning. Not long to go before fireworks. Got my golden tickets ready for Front row viewing. GLA

EyeGuy, I do not have any Twitter account.

first well has already been upgraded by 50% to 25 Million barrels. Follow on discovery wells like Heron-2, Heron-3 would yield even more oil before they even tap into Gazelle-1. Yes, MB thinks COS is even higher than 75% but had to give a number i think just to reflect the high degree of confidence being just less than 1km away from producing Petrochina oil field who have developed their side of oil into c. 2 Billion barrel resource.

Remember the days when this would be up 10-15% on consecutive days during the run up from 5-6p to 38p within 2 months back in Jan-Feb 2017. Was not in a straight line but we could see something similar soon. Let's hope so especially being in a much stronger financial position now than back in 2017.

Good to see Mongolian refinery taking shape. Mongolian Govt is very keen to become Oil independent. MATD is there key national oil company who own 100% of their licence to play a significant role in achieving that milestone. Could be perfect timing for MATD to strike it big as that refinery will have capacity to process 30,000 bpd.

Yep. Double the excitement with the simultaneous drilling in both North & South of Block 20. I would expect the ascend to start early June, may be end of May. Hard to tell with MATD as it moves without notice. Either way, exciting few weeks coming up as the price starts to creep higher pre-Spud towards 10-12p mark.

Well I am hoping for 50p after Appraisal wells and £1.00 if all the drills come in. Let the action start.

That's true Manro. I am looking forward to a few positive pleasant surprises this year.