Member Info for MisterPositive

Just a reminder NPV10 valuations @ $60 oil

US$80M for 15MMBO recoverable

US$312M for 50MMBO recoverable

If you scale both variables: oil price & recoverable

Then valuation rises to $450m and upwards.

That would put target price around 42p - 45p

Switching away from Nathan header he started.

200mmbo was just for Heron-1 which flowed at 821 Bopd naturally to surface.

60mmbo recoverable for Heron-1 @ 30% rate.

Gazelle-1 discovery - Company ran out of time to follow up on as they got busy with Heron-1 Oil discovery back in 2019.

Overall estimate was quoted around 600 MMBO back in 2019 without adding any other prospects that we have in Block XX.

Valuation here is upwards of 26.7p analyst target

6p should be cracked shortly en-route to 7.30 May re-test

5.90 on the Ask

As mentioned yesterday every 10% increase in Oil price adds US$40M to HERON NPV10 valuation.

Nathan.

Market is forward looking. Re-rates on future outlook NOT past. We all know the history here and many have done deep resrarch here to see how significantly undervalued MATD is currently.

This is growth stock and value will appreciate in coming weeks / months. You need to sit tight like many here.

Nathan

And you conveniently forgot to mention the prize asset HERON oil field worth $400m at todays Oil price.

You need to hold onto your 2m shares then ???

Just saw Ask @ 5.90 briefly when i went to my account to add a few.

Thats interesting. Think this might crack 6p today.

Buys @ 5.60

This will re-test May high of 7.30 before we had LP granted. Now whole new ball game with HERON oil field coming online this year.

MMs will guide this towards 10p in next few days. Just watch.

100% upside. Could go lot higher with busy newsflow ahead.

There is a huge disconnect between the 26.7p research Analyst price target and 5p

This gap needs to narrow as you will see in coming days / weeks.

LP re-rate unfortunately got stopped short coz of v1 result. After careful analysis for past 3 days market is just realising the disconnect and realising this got way OVERSOLD...simples.

Expect strong day tomorrow ahead of RNS next week.

Potential +30% up day tomorrow with an outside chance of flirting with 7p en-route towards 10p near term target next week.

6p tomorrow folks...might even have a go at 7p

MATD does its own thing.

Nathan

Your call if you want to miss out on £100k profit on your so called 2m ?

Coz 10p is coming pretty soon.

Agree. 5.40 - 5.50 today would really bode well.

Same again tomorrow and we would be flirting with +7p

Ibiza

Medium Term....up to 12 months

Long Term....... .. 2 years and upwards

Very strong chance we could re-test 7.30 next week as early as Monday before heading to Double figures.

100% upside short term.

Lot more Upside medium term.

Massive Upside - Long term

May be Gervais Williams also increasing his MATD holding in his fund.

I believe over 3% becomes reportable TR-1

Bigbench

MB tea lady on Buying spree by the looks 😁

6p tomorrow i think. Heron LP news got overshadowed by V1 news. Dust has settled now and folks can now see how undervalued this is currently with an asset worth $400m - $500m vs low MCap.

Will get to double figures mate.

7.10 - 7.30 re-test on route first that we had in May

Strong week coming up.

Astro.

We saw similar pattern back in 2017. Even the smartest of the smartest were wrong footed coz MATD is a different beast and does its own thing when you least expect it.