Member Info for MisterPositive

Think he meant to enter 39p....LoL

Think it's an error... Probably the new Intern entered the wrong price.....

which is 9.46p

And China already found +100 Billion barrels from same source rocks. We got estimated 90 Billion barrels STOIIP. How much can MATD get their hands on? Drill bit turning...will find out soon.

yep. Seems that way.....nothing priced in for Snow Leopard at all....as if it does NOT exist......bizarre.

I would expect no change in price in that scenario.

However, at the same time, Snow Leopard could surprise to the Upside and catch the market off guard in a big way.

* Petro Matad’s acreage combines high-impact exploration and low-risk targets across three blocks (IV, V and XX) across multiple basins.

* Both Snow Leopard (Block V) and Wild Horse (Block IV) offer frontier exploration but where good evidence of working petroleum systems is seen in surface outcrops....targeting c.600 MMbo just from these 2 low-cost ONshore wells.

* FOX target (Block V) with +200 MMbo has already attracted interest of 'Farm-In' partner. Deal for Block V could come sooner than folks think.

* Block XX sits close to proven and producing fields in the Petro China operated Block XIX, providing potential early cash flow targets – two wells are planned for 2018.

* 3 of the 5 Block XX lease line prospects identified have proven to be oil bearing in Block XIX.

Significantly Undervalued....current MCap is way too low any which way we look at it.

Potential 20x Bagger, or may be more.

IMHO, DYOR.

Albiet lower volume so far.....afternoon might change that with any others still on the sidelines coming in for Snow Leopard (drilling now) ahead of Wild Horse.

Bought.....530,000
Sold.........200,000

worker2,

yep. MMs filled that 1m BUY during the day but reported after market close.......very naughty.

Wont be the first time either.

Agree. MMs easily matched the 1.25m Sell with various +300k and +200k Buys. There were lots of +122k Buys also in the afternoon. No effect on share prices today proves it.....simples. This should move up in coming today's having been kept at 9p for what seems like ages now. Share is defo trying to break out here. Lot of near term price catalysts...just a matter of time.

Ojay, Yep. Think bigger players coming in now and taking positions for both drills. Any Sells being mopped up quickly by some smart private investors. MMs have kept price stable around 9p mark for a while now. Will be 2 weeks on Sunday since 9 July Spud. Drill bit turning...

Well done mate on your profit. You took your chances....so you reap the rewards also. Agree. Breakeven costs for these Onshore wells are so low. Profitability from these on the ground discoveries is off the scale running into many Billions. Mike Buck re-iterated in his interview, the size of discoveries in Blocks IV and V that they looking at are very large. I am expecting price over £1.00 on Wild Horse strike. Strike / discovery at Snow Leopard should get us to that £1.00 price target much sooner as Farminees jump on board early and willing to pay lot more on success.....how much more ? Not sure folks selling now, truly understand the size & scale of the potential here.

for so long now....totally insane.

Positivevibes, Very well said. AIM is all bent. Seen MMs take Mickey Mouse companies to Multiples of over £300m MCap. Yet MATD sat at a lousy £59m MCap (half is cash) with 6 fully funded drills happening now. I know at some point MMs will need to let this go. Cannot keep this here forever with so much going on so many fronts.

Feckking scum bags.... They sure know how to kill off any momentum.

J/H, Disagree. All 3 Blocks are highly prospective. Blocks IV and V are just huge compared to Block XX. Red Deer 48 MMBO prospect showed up after remapping seismics. This is in addition to c. 25-30Mmbo from Gazelle and one more drill.....looking at combined c.75mmbo. from 3 drills. * Well costs only $2m * Transport costs $5-$8 a barrel. * Oil sale price linked to Daqing Crude (Brent - 10%). That is pretty damnn solid Economic & commercial operation. P.S: Soco Blocks started out producing 500bopd before bought by Petro China who took it to a different scale after drilling more wells and 25,000 bopd peak production.

John Henry, Even a 10MMbo discovery is economic and commercial and very profitable due to very low breakeven costs being ON shore. Oil forecasts revised higher compared to last few years. 90 Billion barrels STOIIP estimate is a huge number.....and excludes potential from the deeper zones. sure won't happen overnight....route to value realisation takes time.

JohnH, We all know AIM punters move around week to week to different shares. Because of drill time lines, folks trying their luck else where may be. Nothing wrong with that. But as we move forward with timelines / guidance, you should see this gain considerable traction, well ahead of Wild Horse Spud. Any interim early discovery at Snow Leopard would jump start the motors here.

Sorry guys....any thing African and I stay well away, due to wide spread corruption. Besides resource at AAog is tiny compared to MATD which is huge and off the scale and that is just from the 6 drills tapping 5 of the 6 basins with potential 90 Billion barrels STOIIP and that excludes the deeper zones. Nothing else out there to match the sheer size of the untapped Mongolian resource. Anyway wish everyone ATB with their investments.

MATD drilling for 850mmbo (mid case) from just 6 drills. Using only $1 ultra conservative in ground resource valuation should value MATD at circa £1.00 a share. Upside case valuation would be even higher.

Yep. Discoveries at both SL and WH and this should be over £1.00