Member Info for MisterPositive

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

HUR MCap hit over £1 Billion with circa 2 Billion shares currently in issue. Granted they have discoveries and at more advanced stage. I can see MATD on similar route to Value realisation here. We are not there yet, but process to realise the massive resource just started. MCap of £1B would value each share at £1.50

dan1nat1, Going by Edison valuation of 62p (risked) and £2.65 (Unrisked), I would think Take Over price some where in the middle £1.60 a share. That would be low ball offer coz in success case here value here should be lot lot higher. As MATD starts to prove up the massive 23 Billion Recoverable resource, value here should increase over time. My take on current developments is; Farm Out deal first...which could come lot sooner in success case here. Same Farminee down the road might make a Take Over offer or buy out any of the 3 Blocks, like Soco Intl. and Petro China scenario which originally started with a Farm Out deal. Just my thoughts.

....contd.... Even at 20p a share you are sharing in the Massive Upside at 3.33p per drill for 6 drills.

Agree. Anybody can see the massive Upside @ 1.5p per drill effectively. 9p a share for 6x fully funded drills....got to be the cheapest share around with the most Upside. It's NO longer expectation.....it's happening right now after waiting almost 8 years. Even at 20p

Oil shows may be ? That's no punt money either.

at 8.96....nice indeed.

Well done.

from RNS ..."Potentially generated hydrocarbons using the play and basin analysis method on the 6 high-graded key basins is estimated to be circa 90 billion barrels of oil in the Upper Jurassic-Lower Cretaceous play, which is the proven and producing petroleum system in Mongolia"...

..."Further upside potential exists in the deeper Permian-Jurassic play, which is analogous to the prolific systems in the western Chinese basins."...

* MATD has 6 fully funded drills tapping into 5 of the 6 basins.....truly massive Upside....NO brainer entry sub 10p.
* Snow Leopard drilling now.

(1) RNS 25 June 2018...

"The drilling programme scheduled for Block XX remains on track. Contract negotiations with the preferred bidder to supply and operate a rig are in the final stages. Formal award of the contract is expected by the end of July. The selected rig is in country, is operating close to Block XX and is available from Q3 2018."

(2) LSE interview 10 July 2018...Mike Buck CEO.

Mike Buck quoted DQE Intl. (sister company of Petro China) as the one providing the Rig and close to finalising terms. DQE normally has 7 rigs on the go during normal drill season.

* DQE rig also to be retained and ready for April 2019 to drill the 'RED DEER' well in Block XX also, after drilling 2 wells in 2018, starting from end of Sep.

Price action suggests MMs pretty close to getting with the overhang. All the hallmarks for a nice rally shaping up. This could zoom higher any day now in my view. Exact same price action & volume that we saw end of Feb when it jumped from 9p to 14p within days. Defo don't want to be out from here onwards Or you could miss out on a large chunk of profits......money to be made here. Drills happening right here, right now. Each to their own.

wow.....just look at all those candlestick Emerging patterns.....all turned green now.

Looking good....share is defo trying to break out here.

Agree....they will bring in another rig for further testing.

So TD should be hit lot earlier as far as I can see.

From 10 July LSE interview with Mike Buck CEO:

...16:50 mins in.....

* Snow Leopard.....results expected end of Aug / early Sep.

* Wild Horse..........results expected end of Oct / early Nov.

* Block XX spud....end of Sep (results in Nov).

Going by results guidance for Snow Leopard, TD should come in lot early in my view.

was only from 6 basins..... 23 Billion Recoverable @ 25% rate. EXCLUDES: Potential from the deeper zones/layers... Read 16 Nov 2016 RNS...Petex presentation.

Stockdale....36p Stifel..........32p Edison........62p Should get even more coverage as the 6 drills campaign gathers pace here.

Due for imminent bounce. Way Oversold.

Wonder if same Farm In partner wanting in the FOX well also looking at Snow Leopard and may be looking to take the whole Block V which has proven working Petroleum system right now. Think there seemed an urgency getting FOX well to be fast tracked to drillabe status soon after it appeared on the 3D. Very interesting developments... Could there be Bidding war emerging between the Farminees?

BG farned into both Blocks IV and V after their own due diligence and technical evaluation, before Shell pulled BG out due to their global portfolio rationalisation. They liked the outcrops and source rocks. So premature to call out Snow Leopard as a duster in my view. In my personal view Snow Leopard is more significant as it is a deeper well, testing the deeper layers also and potentially that 2nd Petroleum system that they think exists in Mongolia in addition to testing that primary Petroleum source.

SM123, Agree. Currently nothing priced in for Snow Leopard. Success at Snow Leopard triggers the much awaited run up in price well ahead of Wild Horse. Punters waiting to get in for Wild Horse will end up paying a much bigger premium. Farminee on standby would then also want in who told Mike already they are willing to pay lot more in success case. That further pushes price up.

Abzzba, * Being smart is good.... * Being a smart asssss....not good.