Member Info for MisterPositive

Yep. Lots going on in the background. Company is working on 3 Blocks simultaneously which in itself is no small achievement. 1. Block XX Rig contract. 2. Wild Horse site preparation (Block IV). 3. Snow Leopard - Block V. Mike clearly said in his interview they have the flexibility to move things around. If they have a strike at Snow Leopard, then clearly being the bigger prize, they would be spending more time here to get their hands on additional 500MMbo in addition to the 90MMBO. Frustrating as it might be waiting for news....we might be in for even better news than originally thought. I have never subscribed to this duster theory from the start which some circulated even before they Spud SL....I think we could get a surprise to the Upside with SL. Not long to find out.

Company has the financial flexibility to do lot of things...no issues there for me. They want to get most bang for their buck.

Yep, if both Snow Leopard and Wild Horse strike, they will be busy here as this is the Massive prize. Farminees will also jump in. They can always do Block XX later. Still think PetroChina will Buy Out Block XX from us down the road while we develop Blocks IV and V with Super Major on board.

Degsy, How much do we need to raise for the first well if there is no partner ?

Scully,

Do you work for Maquarie ?

Just look at the 6 month Interim results for period ended 31 March 2018. £374k cash balance....end of March. Monthly cash burn on average £130k. (£771k divide by 6 months). They got next to no cash left in my opinion. I would expect imminent placing. And you can forget about that revenue if company is unable to pay rent & staff salaries, and other bills, etc. Imho, Dyor.

It would be simpler & far less stressful to get in now in my opinion to cover both Snow Leopard & Wild Horse.

Below 9p for 6 fully funded drills. (1.5p risk per drill effectively is way i look at it).

Strike at Snow Leopard and this would spike +200% as punters scramble to get in for Wild Horse and Farm-Out.

Any drop and you won't even be able to get any decent Qty....knowing how fast this moves. You might not even be able to buy at your desired price on given day.

Super Majors waiting in the wings...

IMHO, DYOR.

Just goes to show how undervalued this currently is compared to peers.

BPC got to Mcap of £115m earlier this month, on a binary bet of farm in deal.

UKOG peaked at £335m

MATD.......£57m? (and after having raised $34m cash)

That's a very simple fact...not a deramp. That is the very reason companies list on AIM to raise funds. How else can they grow business? Applies to any business, big or small. Might look at it after Placing?

IABA,

Welcome aboard.

Frankly speaking, market sentiment & momentum can take it anywhere.

We have seen +200% to +300% daily rises recently.

Edison Research price targets for 5 wells are as below:

* Risked...............62p
* Unrisked...........£2.65

Take your pick....

Good Luck & Best wishes.

as per Interim Results RNS...10 May. Blimey.......That's £129k a month. Think that £374k cash is all used up. And company wants to expand its marketing over next 6 months (as per Interims RNS). Where is the cash coming from?

Revenue is one thing...its not profit. Not sure what their costs & margins are? But you still need plenty of cash for expansion & delivery on those contracts.....isn't it?

If £374k was cash in March!!! What is cash balance now? Don't think that is going to last long.

2010PM, Quite possible what you say. We are all just using guesstimates. 50, 55, or 60 days to TD is an educated guess. Testing could very well be going on or starting shortly...who knows. MATD seem to be in the habit of jamming lot of info into one single RNS. I just hope when we get good news, we get +200% rise at a minimum.

Major has walked...how is Macquarie going to sell it to 'third parties'.....something Malcy also said.....but it's obvious. If they don't come up with a Farm Out deal soon enough, then they will have to raise funds to go alone to drill first well to keep to licence commitment or risk losing it. Dilemma now is when do they go for Placing and at what price will it be attractive enough for Financing Institutions to take on the risk? Just my thoughts on the options Company now faces.

Estimate... 90MMBO Upside....500 MMBO From additional prospective targets.

Bigbench, Unfortunately punters chasing a quick buck elsewhere on AIM. Not realising MATD could be 'Biggest' success story for coming decades, given the Multi-Billion Barrels potential that lies beneath just like Chinese 100 Billion barrels. ...Sleeping Giant....pretty apt reference.

Just some of CEO comments who has proven track record of Billion barrel proven discoveries...., * MATD is a Sleeping Giant. * Size of potential discoveries we could be looking at in Blocks IV and V are very large.

Victor, Could reach TD before that. We are using best guesstimates based on guidance provided. That is what makes it tricky. News could come anytime not on any specific date. As a holder, makes no difference. Only fence sitters might get caught out on good results from Snow Leopard coz then their Wild Horse entry gets more expensive.

True. Just realised myself, 50 days was guidance for 3150m TD.

Think they later decided to go bit deeper upto 3350m TD, hence guidance revised "up to" 70 days.

Next week takes us to 60 days.