Member Info for MisterPositive

Next expected from both Namibia Farm-in partner and Juno Gold assays in Australia.

Cashed up with funds raised at 0.40

Way OVERSOLD.

Cannot believe this was 0.80 earlier this year.

Drop way Overdone.

Technology is proven and worth lot lot more than just circa £1m ???

Nice collaboration deals being lined up in the meantime.

Cybertron. Great summary.

Those price targets are very much possible.

Assays results any day now. Would expect this to run towards +1p ahead of RNS.

On good RNS......2p

5km of gold mineralisation along strike is just amazing. No wonder they call it DISTRICT SCALE

TBT

What bidding war ?

We do not even have any proposed figures from this party ? It's a long process.

You only Outbid somebody when you know the proposed deal terms...

Good questions overall.

I still cannot believe that someone asked MB if he was WOS ??......really !!!

I cannot help laughing that someone was that dumb to ask the question, as if MB got nothing else to do and just spends so much time reading the LSE chat board ??

Mike has limited time on his hands and spends more time trying to steer the company in the right direction despite the various obstacles he has faced over last 5 years. Yes could have made better decisions when you look back. Any way we are where we are.

But as Shareholders, we together all own a big chunk of the company and have the right to critise and hold management accountable whenever needed if shareholders disagree with the way company is being run OR future direction in which the company is heading.

If Omar said Household names....then below are the ones active in Namibia with discoveries already....more to come.

ExxonMobil

SHELL

TOTALEnergies

Petrobras

GALP Energia

GEO's PEL94 licence looks extremely attractive as it is between 550 metres - 1550 meters water depth compared to other Deepwater discoveries in 3000+ meters depth.

SHELL is still in appraisal stage on Graff discovery to prove commerciality due to issues encountered at those depths compared to nearby Venus discovery by TOTAL who have had much more success. SHELL been left behind but stated looking for further exploration opportunities in Namibia. Orange & Walvis basins.

ExxonMobil recently withdrew from 40% farm in GALP Energia PEL82 licence compared to oil giant Petrobras.

Could ExxonMobil be looking at PEL94 as it is in shallow waters 550 metres - 1550 metere with much better COS and cost / economics. Especially after recent PEL94 OIP estimates revised upwards in May 2025 to now 4.31 billion boe.

If either SHELL or ExxonMobil end up being the mystery Farm-in partners for our PEL94 Namibia licence, then GEO is going to rocket 🚀 upwards like never seen in recent history.

Speculation at this stage but would make perfect sense in my opinion.

All IMHO, DYOR

Update on PEL94 expected very soon.

"Shell is actively looking for further exploration opportunities in Namibia.” In a statement made by Shell to Platts and S&P Global in August 2025.

PEL94 any one !!!!

Near term Analyst price targets circa +1p

1.00

1.07

1.11

@ 1.07p gives you +336.7% upside from 0.245

More than 50% drop after hitting 0.52 in Sep 2025 seems way overdone.

Time to BUY / Accumulate is now ahead of results

RIPE for an IMMINENT bounce.

Typo...sorry....."goosh"... not goose

Abzzba. Thanks for the clarification.

Yes we are on the same page. I was referring to what % of Block XX are we looking to Farm out.

I noticed this new incoming "goose" fella been throwing out some probable % amounts all day 😁

Abbzba

With due respect, 100% cannot be right. That is not Farm in....more like selling whole Block.

They have clearly mention Farming in....and talking about cooperation and terms that are mutually agreeable.

Sorry....i am totally confused with your reference to July 30 presentation.

That is a curve ball you thrown......

Or am I missing something obvious here ??

Overall one of better RNS compared to one's in the past. Good progress overall.

Bit disappointed about Heron-2 will have to wait.

Renewables good progress but will take bit longer. Part Debt finance / part Equity proposed.

Farm in for Block XX is positive but no other details provided at this stage. Difficult to guess what % of Block XX are we willing to give away and for how much ££

Block VII - they still looking for partner. Was hoping for some initial approach kind of comments or any hint etc.

1.32 paid

1.60 re-test firmly on now

We have had intra-day RNS previously.

So you never know if MMs have got wind of it?

They were collecting shares this morning.

Expect re-test of 1.60 from Nov 4

Next stop 2.50

ADW,

Agree. Yes would be nice for Heron-2 to add to the current daily production. Extra wells at Gazelle oil field could exceed expectations like Gazelle-1.

Either way production ramp should be underway.

Will not be surprised at all if the Govt step in to broker a Buy out of Block 20 by Petrochina.

Oil pipeline should be complete soon and is the only connection to the domestic Oil refinery from Blocks 19, 21 and our Block 20.

Added more at 1.20

Analyst current price target 6.40p based on current revenues and production profile.

If production doubles in 2026, then expect price target to be revised upwards of +12p

Hence Buy out by Petrochina for whole of Block 20 for say between 15p - 20p per share is not that far off.

MATD get cash rich, may be Special Dividend offer of 10p per share ? If so, that watch the Fund managers and Institutional investors pile in here like mad.

Getting in anywhere below 2p is an absolute gift in my opinion.

Each to their own decision. DYOR

Gazelle-1 flowed at 460 bopd but they reduced choke size at the time.

Gazelle-1 actually exceeded expectations. Should see Gazelle-2 and Gazelle-3 etc added in 2026.

Same for Heron-1,.2.and 3 etc.

$40 - $43 net pay is excellent.

NO DEBT......biggest attraction here.

I am interested in getting an update if Petrochina has approached MATD with an offer to Buy out Block 20 from us outright ?

So they can fast track production ramp up to plug in circa 15,000 bood shortfall needed to feed the Domestic refinery. They have the equipment, technical expertise etc. They done it already in their Blocks 19 and 21 with 2 billion barrels est.

Block 20 estimated to have similar 1.5 - 2.0 billion barrels across the whole Block.

What is the price tag ?

Has to be somewhere between $300m - $400m

15p - 20p may be ?

IMHO, DYOR