Member Info for MisterPositive

by creating more volume. Market simply needs to absorb the extra shares. It's normal Market adjustment process. We had +100% rise after that last Placing. Same about to happen again soon in my view. Time to move on and look forward to next 3-6 months activity here. I am looking forward to Buying the dips and lower my average further. Excellent opportunity for traders also.

Fully funded at 100% ownership. Very low cost ON-shore drills targeting 600MMBO from 4 back to back drills happening soon this year. Further 2 drills starting early April next year drill season targeting another 250Mmbo. CHAR next drill is towards end of this year. Quite expensive Off shore Namibia drill at 65% ownership. Nobody on AIM waits that long. Folks probably coming out of CHAR and would be looking for next near term drills. Just wait for confirmation of Snow Leopard Spud date and we should be on our way. Great Buying opportunity at these really low prices. MCap is way too low for what's to come in next 6-12 months.

WTF....last time I checked they were under 3 Billion shares in issue. They seem to have Diluted this company to death. At this rate we will have over 5 Billion shares in issue soon. Last Placing at 0.9p and today's conversion at about 0.93p....how much more loan conversion to hit the market?

Either way my risk is spread across 6 drills @ 16.67% per well. In no rush to sell, after waiting this long. We have not even started yet. So much coming up in next 12 months.

Fundraiser, You are entitled to your opinion, but I disagree. Previous Placing at 6.5p saw more than 100% increase to Over 13p. Current Placing at 10p should return 100% minimum in my view.....Placee shares cannot hold Price hostage to a rise ahead of Spud just round the corner. Any hint of oil shows during Snow Leopard can also kick in the 'Farm In' wild card, which can happen anytime. Potential farminees know they will have to pay much higher price after any oil strike. I think we could see 20p during Snow Leopard. Success here and Price during Wild Horse would then be even higher. In my opinion.

Excess, Quick recap from guidance so far for both 2018 and 2019 drills. 2018 - 4 drills (600 MMBO mid-case). (1) Snow Leopard (90 MMBO) (2) Wild Horse (490 MMBO Mid-case; Upside 750MMBO). (3+4) Gazelle + one other, name TBC (20Mmbo). 2019 - 2 drills (c.250Mmbo). (5) Fox (200 MMBO) (6) Red Deer (48Mmbo).

Spud date should spark volumes here as confirmation to the Market. We know these are back to back drills. My own view is end of June / 1st week of July should trigger higher volumes and higher price Pre-Spud and then further boost mid way through actual drill itself for Snow Leopard which has multiple targets en route to TD. Expect to see 20p during Snow Leopard. Success here and we know what will happen to the price. Then Wild Horse drill should become Super attractive after Snow Leopard strike.

and fully funded 'Basin Opener' drills. That would just be the start. Come on MATD give us the Spud dates.

Buccaneer, Company presentation quoted $1.27B NPV for 150MMBO barrels. With 662m shares now, price / share equates to $1.92.....close to your $2. Let's get Drilling and find that Oil. Value should come automatically on strike.

2010PM, Ok. Thanks for confirming. So Stockdale quoted +450% Upside when price was at 12.50p.....nice one.

Rampark, Think you might be correct. There must have been some kind of 'Waiver' in place and agreed with Takeover panel in our case where Holding above 30% does not require an offer to be made. Besides if and when it happens, I would prefer an 'Offer' to come from the likes of: PetroChina, Exxon, KNOC, Sinopec, Shell, BP, etc. Non-Chinese Bidders likely to offer better price than Chinese. Imho.

Luckyman, Yep. Mongolian Oil sales fetch Daqing quoted oil price which trades at a slight discount to Brent Crude. So any successful appraisal wells over at Block XX could be brought online pretty soon. They could simply be added to PetroChina export pipeline which has spare capacity.

80 pence (not £80). In a few years, who knows dude where the price will be. With few nice juicy oil strikes, this could well be into multiple £££s. With their oil price linked to Brent Crude price and being Onshore low costs, these could be turn out to be extremely profitable oil wells for all shareholders.

For Snow Leopard along with updates on Wild Horse permit and Block XX Rig tender to be finalised, etc. Volumes should pick up around Spud. Placing overhang should clear eventually. Market wants to see drill bit turning after waiting for so long. I know patience has been tested here, but you are not alone. Risk is spread across 6 drills now. It's no 'One trick only'.

https://www.cnbc.com/2018/06/18/goldman-sachs-still-sees-oil-rallying-over-80-despite-concerns-over-opec-meeting.html

Fundy, Apologies. You are right. Company website does not show correct Holding of 146m by the looks of it as at 17 Apr. I had to dig up 17 Apr RNS to find out that Petrovis Group, Concert party Holding was reported as 196m. Enkhmaa participated with additional 748k shares in latest fund raise. What confuses it all is the fact Dr Oyungerel owns 20% of Petrovis + over 13m shares directly in MATD. By the looks of it Concert party holdings also got diluted from 37.33% in Apr 2018 to the current 29.7% Holding.

If you read Notes to holdings in past RNS, they aggregate (Petrovis + Concert Party Holdings) for AIM reporting purposes. They could provide better Holding breakdown for future reference I agree to avoid any confusion. Something I might highlight to Mike Buck.

Fundy, Petro Matad website last updated on 17 Apr 2018 shows 'Petrovis Matad Inc.' Holding just over +146m shares (27.81% of total issues Capital) being 525m as at 17 Apr. On latest RNS combined holdings for Petrovis + Concert parties is +196m. That is an increase of +50m shares (excluding 5.4m held by Enkmaa).

Petrovis & concert parties combined Holding was 42%....breakdown is tricky for overall Petrovis Group Holding in MATD. As at 17 Apr 2018....Petrovis held 27.81% (141/525) from company website. I provided the link earlier. I think concert parties additionally includes individual holdings of Enkmaa, Dr Oryl. Taken together gives you Holding around 42% but at Petrovis level is just under 30%....29.7% (196/662). Hence agree with Colonal Drake's view of not going over 30% to avoid take over as per AIM rules. Could probably be most likely reason why Petrovis Group operate such a Capital structure to avoid making a bid for MATD.

http://www.petromatadgroup.com/investors/capital-structure/ Name: Petrovis Matad Inc. Number of ordinary shares: 146,095,580 NOTE: Petrovis overall Group shareholding calculation is little tricky due to different rules applied for AIM notifications. (5m held by Enkhmaa).