Member Info for MisterPositive

This moves without notice.... Current MCap does not reflect that we got $23m cash balance and targeting c.700m barrels overall from Block XX and Block V. Other oil explorers with little cash and no near term drills sitting on much higher MCap???

MMs trying to collect bit of Float. Getting ready for next move up. Run up pre Spud last year was bit muted due to wild cat drills with only 10% Cos. Totally different ball game this time with such high 75% Cos multiple Appraisal wells right next to producing oil wells. No brainer....

Petrochina been trucking 20,000 bpd to China for over a decade from their 2.25 bln barrel oil field from just 1km on the other side of our fence. Sub 6p entry looks like bargain basement price

before Heron-1 well was upgraded by +50%

6.5 retest next...

Yep. Chart looks good. Momentum here pre Spud should get this to 7.61 and beyond imo.

this week would be a good start.

Yep. this time crack 6.5p and we looking at Double digits as we get even closer to Spud

Could see a crack at 6.5p this week.

Re-test of 6.50 coming up next. Fully expect that level to be broken on this leg up as more punters take positions pre Spud. Not much else happening out there with other oil explorers.

Rig contract signed may be... Mike Buck might drop the RNS before 27 Mar oil capital conference... April should be lot of fun.

Mike, I have bought and sold at different times positioning my portfolio from time to time as events dictate just like everybody else.

Picked some around 5.47 today. Should have got them yesterday. Consolidated really well since last RNS. April approaching...excitement moving up a notch.

would be gone with little more buying pressure. gradual rise is better but MATD does it own thing and moves up without notice.

This is headed higher...,soon imo. All other oil explorers have not come up with the goods....and busy raising funds to get through next 12 months. MATD on the other hand stands out...made a good call raising funds at 10p last year and now sitting on c.$23m cash about to drill just 500 metres from Petrochina producing oil wells. Heron-1 resource estimate was upgraded by 50% to 25 MMbo just recently. On strike we looking at drilling multiple wells in this area alone with 2 simultaneous rigs to be used. They mean business this time around.

About to be drilled right next to Petrochina oil field producing 20,000 bpd.... What more do you want... This could storm higher soon before Spud.

Winx 1A could do the trick...

Sure sometimes we get lucky with timing our entry / exit price at the right time. Price move from 6p to 38p just between Jan and Feb 2017 was so fast.....no body saw it coming. Sure was a bit volatile and the rise was not in a straight line either. Risk / reward with the upcoming appraisal drills is very attractive compared to wild cat drills last year when folks were happy to pay 13p a share. Oil strike at both Heron-1 and Gazelle-1 appraisal wells and this could easily blow past previous 38p...

This could shift gears in coming days as we approach April. Oil capital conference on 27 March. Would be nice to get rig contract sorted for 2 drills by end of March.

don't be surprised if goes above that. This is just warming up.