Member Info for MisterPositive

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)

Sorry 10x Bagger was just after Snow Leopard strike (�1.00)......as then WHOLE Basin comes "Alive" as proven source rocks, that are analogous to Chinese basins who currently have +100 BILLION barrels resource. AND that is just 1 basin of the 12 basins. MATD got data on 6 of 12 basins (some Basins more advanced than others). You can work out the UPside here. IMHO.

bigbench.....MATD strike oil here and this will be 10x Bagger.....there you heard it here first......LoL

China got over +100 BILLION barrels just across the border. Mongolia has: * Same Geology * Same analogous basins * Everyone loves the source rocks (and they catch fire). * First Oil refinery being built in Mongolia from $1B loan from India. Mongolia got same thick 'lacustrine' oil shales, some in lake like setting, but was never explored for Oil under Soviet rule. Since independence from the Soviets, Mongolia also getting in on the act.

Last hour today before close could be very interesting.

MMs trying to keep a market....with not too many shares to hand......hence inducing some sellers here & there to part with their shares + some traders taking profits, while New traders enter....and when it starts to pull away, then Old traders jump back in also for +1p to +2p profit.....LoL. Stay with the Trend, which is UP....on strong momentum, about to get stronger.

this will get past +14p....just wait....news incoming soon and lots of it. Just some traders taking profits, while others on the fence getting in taking positions before the real action starts in May. Today was just a Preview (taster) of things to come. This is going much higher than +15p which is just the 1st stop.

this was 13.8p just over 2 weeks ago. We are now even closer to 'Snow Leopard' drill (first) and then 'Wild Horse' drill immediately after that. Last 2 drills in Block XX could very likely coincide towards the back end of Wild Horse. I can see 13.8p being taken out either today afternoon OR Mon morning en-route to 15p.

Ok. Cool.

Hertstrader74, Any dips now will be temporary with so much Upside ahead and news flow rich period coming up over next 6 months from 4 fully funded back-to-back drills in 3 separate Blocks. Buy the Dip...coz this is going much higher. Market will not wait. Buying at 13p or 13.2 won't really make any difference if your Exit price is +20p.

go baby go.....that is what we wanted to see.....increase in Volumes. MATD is now getting Market behind it......should get even better next week.

https://www.barchart.com/stocks/quotes/MATD.LS/opinion BUY rating now 88% (up from 56% yesterday).

MMs back to Supply / Demand mode now. They can only grab shares from us to fill any BUY quotes. I ain't selling this early....locked them much higher. They need to raise the Bid to attract any sellers here. Party just starting.