Member Info for MisterPositive

Bishand, You mean same way you are proven lier & chancer who feeds his own ego by passing insults around....yeah we know.

Bishand, Back to his best calling others liers??? When you don't even know, this is a standard 'Daily' Mid-day Auction process......jeeezzz. when MMs try to balance their books and position themselves for the afternoon trading session.

Bishand, Whatever....You are clueless... "why on earth would there be an auction, we have gone up 1p!". That is the 'standard' daily Mid day auction.

"Permitting for the Wild Horse 1 well is nearing completion. The Detailed Environmental Impact Assessment is approved and chemical permits are progressing. Completion of permitting should facilitate a seamless move from Snow Leopard 1 to Wild Horse 1, avoiding any unnecessary delay or standby costs. On Block XX, the rig tender process has been completed and results are under review. Permitting is progressing smoothly and we are on schedule to drill in late Q3 or early Q4 2018 depending largely on the exact timing of rig availability."

China opening up its financial sector luring more Institutional & Fund managers to open offices there. That could be very significant development. Could see greater Institutional investors taking positions.

today will be interesting. More volume needed, and this should fly.

Jack, With back to back drills coming up soon, oil strike on any of the 'Basin Opener' drills and you could be looking closer to 80p......not 8p in my opinion.

Recoverable Mid-case estimate. Upside case closer to 900m to 1 BILLION barrels.

before selling back higher...LoL. MATD sleeping giant about to wake up.

Gatto, After 13p next price channel leads to 22p in real quick time.

between China, Mongolia, Russia, India and others seemed to go un noticed with all the hype around Trump & North Korea talks. Market finally catching up with the huge significance of that Weekend Asia summit. Activity in Mongolia about to accelerate big time with China driving things forward. I would expect a big shift in Institutional investment going into Mongolia being now in the spotlight. Ideal time to get in before things really Hot up here.

got closer to £2.10 back in 2010 during their much smaller Block XX drilling albeit with approx. 120m shares in issue. With current 525m shares in issue, and simply on a comparative basis that would equate to approx. 48-50p pre-Spud price. Even 30p would be cheap given the much much bigger Oil targets MATD taping into this time with circa 600m barrels from just 2 wells.

when compared to other Explorers with much higher MCap. MATD own 100% of their licences and 'Fully funded' for 4 back to back drills this year. More to come next year. Mongolia is oil rich but under explored. Just look at the +100 BILLION barrels China got from exploring their oil basins with same geology and source rocks. Mongolia finally getting in on the act. One of the last oil rich frontiers left on a global level. International investors would soon focus their attention on Mongolia once drill activity starts. (1) Low cost Onshore wells. (2) Right next to oil hungry China. (3) Asian oil demand unmet currently due to no major oil discoveries in past decade. (4) Chinese pushing for facilitating trade between Russia, Mongolia and China itself. (5) Thick oil rich 'lacustrine' shales presence in Lake setting. (6) Rich source rock that catches fire. (7) US$1 Billion loan from India for new refinery. ALL the hallmarks are there for an accelerated Oil exploration campaign to meet demand from Asian tiger economies. Both Mongolia & China should be the biggest beneficiaries of Oil exploration & production for years to come. Even India getting in on the act with the $1B loan over 25 years for first Mongolian Oil refinery and infrastructure construction, including oil pipelines & roads.

Yep. As we get closer to Spud, majority won't be selling I think. Would be insane to sell at current price with close to 600m barrels about to be tapped into with back to back drills. Current MCap is so low at this stage of explorers Vs peers that it's insane. This could be over 20p in real quick time when brakes are off. Just watch next 4 weeks. Things about to Hot up here.

Mike31, Agree. Block XX should provide a nice cash flow helping MATD self fund future wells. Appraisal wells in Block XX can be brought online within 12-18 months or may be sooner. Easy connection to Petro China export pipeline. Chinese would be more than happy to oblige just to get their hands on extra Oil for their domestic demand. 5000 bopd from Block XX alone should bring close to $100m profit annually with transportation costs to China in $5-$8 range only.

Buccaneer , Excellent posts. Mammoth Upside. Current price is an absolute steal. This could be in +£1.00 before Christmas.

I thought as per April RNS, the 3D is expected to be completed by end of June. Analysis & interpretation of data normally takes 4-6 weeks minimum once 3D has been shot. So would not expect any outcome of 3D until end of July / early Aug. Any Farm Out would most likely be dependent on 3D results in my opinion. Also these talks take quite long IMHO.

Buccaneer, Company's Feb 2018 presentation might have some reference to TD for Block XX. Wells only cost circa $2m each. As Mikey30 pointed out 2400m is rough guide. Gazelle is one of the 2 appraisal drills in Block XX. Should get confirmation of TD for Block XX soon after 2nd Rig is finalised after the tender process concludes.

Today we saw first attempt to break out of the 12p range. Need a close at 13p or higher to trigger the 22p channel. I would expect another attack on 13p tomorrow and price will eventually break out this week. Getting closer each day to Spud. Operational Update this week could provide that trigger.

Each to their own. If they want 5% profit. Not interested in such a small % profit after waiting so long. Minimum 100-200% upside is what I am looking for