Member Info for MisterPositive

Bit surprised MMs dropped it below 5p

Agree. Just one strike at Block XX Appraisal wells and watch this really rocket. Totally different ball game this time around. Drilling only 500 metres from 2.25 Bln barrel resource under PetroChina's belly...and the only Oil producing fields in Eastern Mongolia....does not get any better. Not one but we talking multiple drills. Early entry always the key before it rockets 200% on strike. This board about to get busy. GLA.

...lol Yep. New Jaguar would be nice indeed. All in good time mate.

Hawk, Car broke down mate. Been running around all afternoon.

9p here will do nicely for starters...

well done all getting in at current prices. Economics for these appraisal wells are robust. Wider Heron zone estimates around 75MMbo excluding Gazelle and Red Deer. Fox drill targeting 200 MMbo Velociraptor.......200 MMbo 'Raptor'....targeting 400 MMbo in total. Drill targets identified and planned so far targeting c.700 MMbo....more to come. Even at 10p this would be a steal imo. Reached 38p in 2017.

packed 2019 with 4-5 drills coming up through out the year....this is about to shift gears soon. $23m cash, fully funded, next to producing oil wells and less than 1km from Block 19... Current MCap is beyond a joke Vs peers

sitting about 500 metres across Petrochina 2.25 Billion barrel oil field....with 20,000 bpd production. Come on....risk / reward here never been so good for MATD.

Next week I would think as we get in March. I see some folks keep living in the fast. Market re-rate comes from future potential and momentum. We got massive potential ahead. Stop looking in the rear view mirror OR soon you will be out of sight...lol

Good post. Agree. I think that is what MATD management game plan is. Prove up further appraisal type wells in Block XX from early success. Commercialise Block XX and get early cash flow in to fund wider drilling programme. These wells only cost around $2-3m each. That would be similar to PetroChina model in Block 19 just across the fence.

This could sprint higher anytime as we enter March ahead of Rig news and Spud date. Weather warming up in Mongolia. Thing is this moves up without notice simply on buying pressure due to not many shares in free Float.

Agree. Appraisal drills soon after Heron & Gazelle is what I believe is the plan in success case, followed by Red Deer. Mike Buck mentioned in his proactive interview about 'Cimmercialisation'.....quick monetisation and 'Early cash flow' from Block XX. These Block XX are low cost drills... Fox or Velocuraptor....still on for 2019. Permits already in hand for Fox. Company can decide which one later. They probably want permits for 'Velociraptor' ready in advance

Barrick Gold can always trump Newmont deal by offering higher premium than Newmont for a much larger equity stake than 19.9% offered to Newmont. Everything is negotiable in business. Personally I do not think Newmont is going to sit around for too long. Anza is too attractive of an asset... Remember there were other parties at the table that Newmont trumped to win the deal last Sep.

I have said quite a few times in the past....Barrick might show their hand here just from a different angle by taking a direct stake in OMI just like Newmont..speculation of course, but the project economics here seems extremely attractive with such low unit costs in Colombia, using 'Buritica' Feasibility as a proxy. There is severe rivalry at the Top of the table between both Newmont & Barrick for No.1 spot.

I'm here mate. Not going anywhere. Waiting patiently for drilling to start.

Investment case here speaks for itself. With 75% cos Appraisal wells (Block XX) AND High impact drills in Block V, which seems to have a working petroleum system. ...provides a very attractive risk/reward investment case with potentially 684 MMbo. Current NPV estimates provided for just 50 MMbo is $299m...(£230m), which equates to about 35p a share. Current MCap of £31m is very low Vs the massive Upside case here any way we look at it in my view.

Thanks manro, None of us have influence on price...which is simply a mixture of demand & momentum. Buying pressure here and we have seen how fast the price moves up. Should see a sustained move up as we get closer to Spud as momentum really kicks in.

coming up less than 1 km from Petrochina producing oil wells with estimated reserves to date of 2.25 Billion barrels to Petrochina. Heron drill location looks to be an extension of Petrochina L19/46-3 producing oil well....and considered part of same oil field. No brainer...Cos 75% 2019 could finally be the year we all been waiting for.

Dude. Been here for quite a while, including the ups and downs. Each stock has its own momentum. AIM being news driven, we have to wait sometimes for momentum to revive while we wait for news.

4 days before March. April not far away. Rig news next...should motor this ahead. Added some sub 5p