Member Info for MisterPositive

from same analogous basins & source rocks. Only if Mongolia had actively explored for Hydrocarbons on their side of the border sooner. Mongolia finally getting in on the act and will write its own destiny.

MMs will have to switch to Plan B and raise the Bid. Same thing happened on Friday. Madness to sell now when it's about to Break out of this price range.

bigbench, think we are going to enter similar +20% days soon as last year. I see MAY as the 'Break Out' month in a big way. I see +100% upside in next 4 weeks to 25-26p level and that might be on the conservative side.

MCap is so low its unreal with 100% Working Interest and about to tap into 380MMBO recoverable from just 2 Basin opener wells....Strike on either Snow Leopard OR Wild Horse opens the WHOLE basin well in excess of 1 to 2 Billion barrels. Savp is only other explorer I see with 100% WI, but with MCap of over +�250m. MATD looks significantly undervalued any way I look at it.

soon....looking Solid. Broken all 3 Upper resistance. Primed for a "BREAK-OUT" anytime now.......(Swing Out Sisters)....LoL

scummy MMs......won't let me Buy any Qty under 13p.....after 5 mins....miracalously landed a 13.20 quote. I hesitated for few seconds and now its 13.34p to Buy.......LoL

for any Qty to BUY. tried, 30k, 20k, 10k.....all the way down to even 1k Qty...on Barclays ??? MMs got NO shares at all by the looks of it......somebody needs to sell to them... There is demand for your shares.

Land use Permit is due anytime. A day or two makes no difference. ALL other permits ALREADY in place to Drill. MATD want to start preparing Drill site 'Early May' and mobilise Rig. Fully expect this to go past +15p this week.....sit tight.

Coming up folks....any fence sitters still waiting to get in sub 13p might be little disappointed soon. I can see share price running up to +25p or even higher by end of May on strong momentum and imminent news & more to follow. Momentum about to shift up a notch or two. MCap is way too low given the 380MMBO recoverable estimate MATD about to tap into with 100% of the Working Interest. Both of these are 'Basin Opener' wells, with recoverable estimates well exceeding +1 Billion barrels. Imho.

https://www.barchart.com/stocks/quotes/MATD.LS/opinion BUY rating 96% (up from 88%)

Exactly David, there is mammoth Upside from the huge Blocks IV and V. Just 1% recoverable of the +100 Billion barrels resource that China has comes to +1 Billion barrels for MATD. That would be at the very low end and would value MATD shares at many many Multiples of the measly 13p. Current MCap does not even remotely price in the phenomenal Upside MATD about to tap into. I see MATD as 'Ahead of the pack' type share that can really dwarf many other Oil explorers combined in coming years. Hence I am Overweight here. Mongolia about to start construction of their 1st Oil refinery requiring initially 30,000 bopd. All stars getting lined up in terms of timeframes. ATB.

NPV10 of US$80m in Block XX alone is circa 11p a share.

Company estimates are 15-25MMBO. These are initial estimates. Soco International also started out with similar estimates initially. Look at the size of that resource now 2.4 Billion barrels after Petro China explored and drilled more wells since buying them off Soco Intl.

Full resource estimate numbers won't be available until they start drilling which is planned later this year. From memory, company presentation quoted: 40 wells @ 240 bopd per well, which equates to 3.5 Million barrels annually. Cost per well only @ $2m per well. Very quick payback and NPV is very impressive. Market price for oil sold is linked to Chinese 'Daqing Crude' price which trades at approx. 10% discount to Brent Crude. Just as a guide, Petro China now has about 2.4Billion barrel resource from the same blocks they bought from Soco International immediately to the North of MATD Block XX.

Loz.....you cheapskate......(only joking)...........LoL. 14p should be done Monday......wont be waiting till next Friday ?

Good finish, considering late Friday afternoon is generally overshadowed by profit taking. Will take +2.4% daily rise throughout May.....he he.

today also.....like the good old days during last years Bull run....I noticed at least 3 auctions today all above 13p. Next week should be a good one.

Sandysun, No worries mate. All good. I am used to it now....,LoL

so wide??? ....can drive a Lorry through it.....LoL

My own guesstimate....could be within 4 months....with oil strike on Snow Leopard Drill results, which is followed by: * WILD HORSE spud, AND * Block XX (2x drills - Gazelle and 1 more; name TBC)