Member Info for MisterPositive

Wait is almost over. Can see punters taking positions here this week ahead of Spud while still sub 10p...at crazy low prices. ..."Early bird catches the worm"...

Are we expecting Flow tests next week?

Tweedle, Good post. Looks like traders busy elsewhere with their punts while we wait for Drilling to start on our 4 back to back drills starting soon.

https://www.cnbc.com/2018/06/28/iran-sanctions-could-soon-push-oil-prices-above-90-a-barrel-boaml-sa.html

Noix, Agree totally. I think the company added extra 15 days may be wire logs / testing etc. Original 25-30 days should be more than sufficient to reach TD. We know Sinopec have achieved record drilling days using hi-tech equipment. Average drilling rate of 7.25 metres per hour is pretty impressive. Agree, we might reach shallow targets early on while drilling continues to reach deeper targets. I would love for Snow Leopard success across both shallow & deeper targets. It might hit the 'Secondar' Petroleum system that they think might be present across Mongolia. Either way last trading day of June tomorrow before we enter July. Wait is almost over. To everyone's success. GLA. P.S. England needs to do better Vs Columbia next Tue :-)

Would also not surprise me if Govt. involved in the background to broker a deal between all parties. Mongolian Govt. is more keen to become self sufficient in domestic Oil production to feed upto 30,000 bopd to their first Mongolian Oil refinery. MATD will be playing frontline role on realising that for all stakeholders. Currently all 25,000 bopd production in the Eastern Mongolian basins by Petro China gets trucked across to Chinese refinery. Sinopec could also be in the running to Farm Out in Blocks IV and V. Similar to how Petro China's subsidiary was the drill partner for Soco International Blocks 19 and 21, before being bought by PetroChina. All in my opinion.

JohnHenry, I know mate. That's what I meant. Farminee taking 30% stake in our licences for say $100m values MATD shares @ 38.5p on 100% basis. Speculation off course, but I see Farm Out happening here soon...Just a matter of agreeing deal terms....$$$ for what % is the question?

Maestro, You seem focused only on Fox which I agree looks to be an excellent structure with proven oil shows from that core hole and has all the hallmarks of a Working Petroleum system. However Snow Leopard is also in Block V, but different oil Basin targeting 5 targets all together (both shallow & deeper) from one drill. Upside case for Snow Leopard is 200MMBO. Wild Horse is a different beast, with revised estimates adding another *200MMbo to 490MMbo. Upside case here is +750MMBO. So lot more going on before we get to Fox structure.

WildOne, Agree 100% with your comments. COS of 20% is simply guidance as these are large untapped oil basins. Mid case 90MMBO and upside 200MMBO. Mike Buck commented in the past, we just need Oil shows to confirm presence of Oil in these large untapped basins. Strike at SL opens another prospective 500MMbo resource just in this Basin. Think lot of folks simply waiting on sidelines for entry on Wild Horse could miss out big here. Any Oil shows and pressure would be back on potential farminees, if they have not done a deal already Pre Spud Snow Leopard. Price goes up after SL strikes Oil.

2010PM, MATD investment to date for all seismics, exploration costs, etc. is about $100m. If any potential Farminee pays e.g. $100m for let's say 30% equity, then that values MATD at approx. 38.5p a share.

Fundraiser, This is not same as CHAR. AIM investors don't hang about for over 6 months for next drill. Reason Char is stuck in doldrums is because their next drill timeline is I think around end of 2018, could even slip to Q1 2019 in my opinion. MATD is due to Spud in days and these are 4 back to back drills. BIG difference. I know you still waiting for your entry around 6p??? Won't happen imho and you might miss the next Bull run (again) which is coming. Not sure about your obsession with 5-6p ??? We are past that stage now dude.

2010PM Good post. Agree, this is a NO brainer. I think there are discussion going on in the background. As you rightly pointed out, MATD and Petrovis would like a Farm-Out deal on favourable terms here. Previously, when BG farmed in, Oil price was way too low and MATD was not in a strong financial position at the time to negotiate higher price. We know since then, all factors are now in MATD favour with 6 fully funded drills. Another thought, if incoming Farminee takes e.g. 30% equity in MATD, then I would expect Petrovis would be looking to increase their current Holding from 29.73% to say e.g 35% to maintain overall control of MATD. Potential future shareholdings: * Petrovis 35% * Farminee 30% * Private & II investors 35%

Noix, Spot on. Well said. Was about to post similar results. Estimated barrels more than doubled from 400MMbo to 850MMbo after 3D for just the targets highlighted so far. Upside case for same drill targets is circa 1.25 Billion barrels. Think there could be even more targets highlighted from the ongoing 3D analysis.

HoofHated, How has the deal become expensive? Current MCap of £61m (using 662m shares) is peanuts, c.46% of which is in Cash alone. They are in strong financial position now with 6 fully funded drills Vs last year when MCap touched £110m. Success at Appraisal wells at Block XX could bring in quite a significant amount of Cash also.

From 13 June RNS.., "As previously announced, the Company has been running a farm-out process which has generated interest from a range of companies, who have undertaken reviews of the Company's data room. There are currently a number of companies remaining in the process. The completion of this Placing will strengthen the Company's financial position and thus negotiating position with potential farminees. As there are still a number of interested parties, the Company does not rule out bringing in a farminee, if on favourable terms, prior to the commencement of drilling in July 2018." ...key is favourable terms...and rightly so.

I think any potential Farm-In partner will take care of the $5m refund. It won't be an issue to strike the right deal terms in my view.

across 6 basins. MATD fully funded 6 drill campaign tapping into 5 of those 6 oil basins.....wow. This could yield MASSIVE returns for early investors. 16 Nov 2016...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. The volume of potentially trapped oil ranges from 9 to 23 billion barrels of Stock Oil Initially in Place (STOIIP), assuming trapping efficiencies of 10% to 25%. Further upside potential exists in the deeper Permian-Jurassic play, which is analogous to the prolific systems in the western Chinese basins".

Wild Horse: * Mid-case 490 MMBO * Upside 750MMBO Snow Leopard: * Mid-case 90 MMBO * Upside +200MMBO * Additional +500 MMBO on success.

Drilling about to get underway in July to start the 6 fully funded drill campaign. MATD finally on the cusp of tapping into Multi-Billion barrels oil basins analogous to highly prospective Chinese basins who got over +100 Billion barrels from same geology and source rocks. It's time for Mongolia to shine...and showcase to the World their oil rich basins that have remained untapped for decades.

For all who might have shorted around 12p or 11p waiting to Buy back. It's the Shorters who will be in 'Panic mode' as the price starts rising gradually closer to Spud date. Extent of their panic would drive price even higher. That's the way I see things unfolding here.