Member Info for MisterPositive

Well well well... 8 is defo Chinese lucky number for sure. Could it be a preview of things to come: 8.88p 88p £8.80

Its Oversold territory again. ...bizarre behaviour of late...

MMs will hunt them down to rob some of their shares on the cheap. I have locked my Holding at much higher levels. If they still lend our shares, then brokers need to reported and fined in my opinion.

Or is that 'New intern' screwing up things by booking other side of the Buy/sell onto the wrong trading book for their broker?

Are MMs selling between UK and US trading books? Wonder if that 1m trade here was a transfer between UK and US? Third time I have noticed this. Last week with the 500k and 900k trades and now the +1m. US volume seems to mirror just the opposite side of UK trade....coincidence?

here for last few days...

Fundraiser, You get that gas proven, and pipeline would be sorted in double quick time. Mongolian Govt is determined now more than ever before, to extract their natural resources. Just to develop their huge mining sector will require more than half of the current 21,000 bopd which currently gets exported to China. Watch the urbanisation & industrialisation that should follow, just like the Chinese model, with Chinese themselves playing the lead role for mutual benefit of Mongolia and China. That seems to the vision of Mongolian Govt. Glad to be part of that same vision with my investment here.

Hawkspear, Yep. I did not realise the additional gas resource on top of the massive Oil estimates until I came across the EIA report from 2013. 5 years on from 2013, those numbers could be revised even higher going forward as the potential of the mammoth Oil & Gas resources finally gets proven up. Drilling now...next 6 months will give us all better handle of this huge untapped resource. MATD in pole position. We might see SHELL revisit Mongolia if they get a hint of that 55 TCF gas resource. That would be on top of the current potential farminees on "stand by" mode going for the Oil resource. I can envision quite a few Oil & Gas majors setting up shop in Mongolia in the near future.

If you are asking for energy equivalency, a commonly used factor in the oil industry is 1 barrel of oil = 6,000 cubic feet of natural gas. Therefore, 1 TCF of natural gas would equal 170 million barrels of oil, approximately. So 55 TCF = 9.35 Billion barrels. That's just the additional upside on top of the mind boggling OIL estimates.

1 Trillion cubic feet is equal to: 28 316 846 592 cubic meters (SI base unit). 1 TCF = 28316846592 m3 Kyle converter.

Also on top of the Oil numbers is a mammoth resource. If SHELL is focussing on Gas resources, then they would most definetly be wanting in here in my opinion.

Could be last opportunity to get in at these low prices. Positive news from SL and there will be no looking back. Also Golden Cross getting nearer each day. Could finally trigger that breakout in my view. Keeping a close eye on that one.

2010PM, Thanks. Very useful info.

EIA published a report back in 2013 providing an estimate of Oil & Gas resources in Mongolia based on old research and data available at the time. * 46 Billion barrels oil * 55 Trillion cf Gas Above provides independent validation by EIA of the massive potential that has been untapped to date.

ShinFalls, Nice summary. Good reminder for existing & any new folks looking in. Indeed 'size of the prize' is just too big. Upside potential at MATD is something I have never ever come across before on AIM. * 90 Billion barrels STOIIP estimate. * 100 Billion barrels further potential upside from deeper layers if proven. Drilling now...

Mikey30, Lovely post. Totally agree with your summary. Just to add....samples showed 29 degrees API (Fisher Analysis). Porosity and permeability is good so ease of extracting oil from any major structural traps. If there is Oil trapped down there, then should be easily extracted.

90 Billion barrels estimated STOIIP was from just 6 of 12 basins analogous to Chinese basins and source rocks. Excludes the potential from Deeper Permian layer which could add another estimated 100 Billion barrels. That deeper potential is a very real possibility until proven off course. Basin fills of 3000m-5000m are pretty common here. Current producing Petroleum system in Mongolia comes from the Lower Cretaceous/ Upper Jurassic layer which will be tested by SL and WH. Deeper Permian has not been tested in the past. Even oil that Russians discovered in Mongolia was from shallow layers without drilling into the Permian layer. Snow Leopard and Wild Horse, will be testing that geology for the first time in Western Mongolia. Also noted that prospectivity increases further from East to West. Current location of Block XX drills is further to the West to where they drilled back in 2010. This time they targeting the source kitchen. All shall be revealed in the next 6-12 months.

Risk is spread across both Basin Opener Wild cat (new frontier) drills in Blocks IV and V and appraisal type drills in Block XX tapping into initially 850MMbo mid case. Upside case is much higher. Block XX drill locations have been refined after remapping of 2D seismic analysis and seem to be extension of the Producing fields operated by Petro China from Blocks 21 and 19. Initial production started out around 500bopd and discoveries from subsequent drills in coming years pushed it to 25000 bopd at peak production. Currently producing 21000 bopd from currrent resource of over 2 Billion barrels. If MATD can prove up and set up initial 500bopd operation at $35-$40 profit/barrel, then Block XX would initially produce annual profit of c. $6.5m-$7.3m which can fund any subsequent drills. As further acreage is proven up, daily production goes up many folds, generating even higher profit. Same model as deployed by PetroChina, that resulted in daily peak production to reach 25000 bopd. Same scenario for MATD at 20,000 bopd and $35-$40 profit / barrel would generate between $250m to $300m profit annually once proven and implemented. Above EXCLUDES any potential future production from the massive Blocks IV and V with forecasted daily production of 75,000 bopd. Think majority here know the massive upside potential. Just a case of investment time frame, whether you willing to go the distance OR just happy with +100% profit short term. Imho, Dyor.

D1nger, Excellent post mate. Think we can add a few zeros at the end of that 9p.......LoL. There has been various articles recently highlighting the consequences of next to no investment by Oil majors into new exploration projects during the Oil price down cycle. Now there is a risk building where demand is growing much faster outstripping supply. This problem will get worse by 2020. Hence lot of Big Oil majors looking for near term Oil discoveries to add to Balance Sheet reserves & where production can be brought online fairly quickly. MATD could be in pole position if we strike it big in the next 3-6 months. That is the kind of life changing ROI I am looking for, not the daily 5-10% profit. Will leave the short term traders to that. Our time will come. Not too far now.

could be a coincidence.....at the anniversary of previous 1.8m transfer each to both her children.

we had 900k sell intra-day and then 1.8m reported after hours......so might see another 900k sell.

Again bit of speculation.........but it could simply be part of her normal 'Tax / Succession' planning, whereby she wants to transfer shares to her 2 children as part of their inheritance.

Nothing wrong with that as long as reported / disclosed to market in a reasonable time frame.

Oil strike is the main focus here over coming weeks. Rest is just a distraction.