Member Info for MisterPositive

Wanted to add few more. But price just ran up just so fast.

Blimey...seems to ticking here with each Buy.

Someone wants in Big OR some news leak !!!

Bigbench.

You might see 5p today.

This should gradually tick up towards retesting that 7.10 - 7.30 range we touched in May.

Added few more today. Some new folks might not know how MATD price action works.

BP

Disagree with you. Buy and Hold is best strategy now with different scenarios playing out in near term.

Anyone who bought 1m shares at 4p back in 2017 and sold at 35p would have made £300k in profits in just 8 weeks.

Do not think many held all the way. Many top sliced along the way at different price levels.

Professional.

Respectfully disagree with you .

There is adequate liquidity here.

AIM is news driven - we got plenty coming up. Volumes will start to rise.

Funds can buy on Open Market if they like the Growth trajectory and Upside of particular stock

We do NOT need any extra funds till July 24. Plus

Oil revenues will kick in 2023.

Farm-in OR Buyout a very strong possibility here.

V1 duster could be a blessing in disguise for Shareholders. HERON was our insurance.

Cannot rule out PETROCHINA Takeover or Buying out Block XX from MATD. Mongolia Govt wants all the oil they can get to meet the 30k barrels needed daily for the new Refinery.

Remember 20 years ago...SOCO INTL had drilled just 2-3 wells on their Block 19 oil discovery at the time before PETROCHINA bought them out for around $100m when Oil price was quite low.

At todays Oil price, the Offer price would be close to $500m give or take for similar deal.

MATD can then use that cash to partly pay a SPECIAL DIVIDEND to shareholders and use rest to Explore the untapped Billion barrels across Mongolia. Would be dream come true.

As per research note, every 10% increase in Oil price increases Heron NPV10 by US$40M.

Very true. MATD makes its move higher without warning as seen many times recently with +20% or 30% rise out of nowhere.

Too many eyes watching this one with next RNS coming anytime just like Thursday last week and people scrambled to get in.

Interesting point you make on TO by Western Company.

If so, how will they value Block XX now that we got the access rights. Last deal for Block 19 and 21 was when SOCO sold them to Petrochina around 20 years ago for approx $100m after DQE drilled just 2-3 wells and Oil price was quite low.

Similar deal at todays Oil price would be many Multiples of the $100m Petrochina paid 20 years ago.

Focus now fully on Block XX which potentially could be sitting on more Oil that Petrochina 2 billion.

I would like MATD to develop Block XX just like Petrochina developed their side and take the Oil production closer to 20,000 bopd from self funding additional wells from Oil revenues.

These are very cheap low cost wells costing around $1.2m each.

Some people are just paranoid and causing mischief.

From the RNS paragraph...lets break it down:

"The Cabinet approved the certification

and also instructed officials to

conclude the follow up formalities

required under the Land Law. "

Key words:

APPROVED

INSTRUCTED officials

CONCLUDE

FORMALITIES

* 800,000 Bopd at peak and 600,000 bopd current

Mongolia Oil price is benchmarked to Daqing oil price which is benchmarked to Brent Crude price if my memory is correct.

Daqing oil field which is located to the east of Mongolia on same geographical belt as Blocks 19 and Block XX was discovered in 1959 and went to production in 1960 with 16 Billion barrels and is the largest oil field in China producing 800,000 barrels at its peak. Current production c. 600,000 barrels

Good find Doc....well done re: Gervais Williams.

Ninesandy

Profit / barrel should be closer to $25 - $30 range using Brent price of $76

Ninesandytoes,

You will find MATD cut is closer to 50%.

In one of the presentations few years back MB mentioned Mongolia has one of the best PSC terms on offer. Also i believe that kicks in after we have recovered our investment first. Huge Tax breaks in place also as we Carry forward our trading losses from past years and offset them against profits first.

So our share probably even higher than 50%.

On the point of FARM OUT...they will need to pay MATD all back dated costs if an approach was made.

OR

We might even get a Buyout approach from a bigger player other than Petrochina.

Anything is possible. SOCO must be regretting selling their Block 19 and 21 for $100m around 20 years ago to Petrochina if they knew there are 2 Billion barrels there when Oil price was low.

At today's Oil price SOCO would have achieved close to $400m - $500m price tag.

CJ

Have you not read past RNSs ?

Cash position is clear if you make the effort to check. We had $11.7m cash less $1.7m drill cost for V1 less say another $1m on other payments leaving $9m cash balance.

Heron wells are low cost around $1.2m - $1.5m each. We can bring 4 wells online. DQE multi-well drill programme will be Self-funded from Heron Oil revenues.

Block XX wells are low cost wells. That is why NPV10 value for 50MMBO @ $60/barrel is $312m

At $77 Brent less 5% discount NPV10 values rise close to $400 Million.

We got many price moving catalysts ahead of us.

Heron very close to monetisation with Oil revenues set to grow substantially as more wells added along the way with DQE multi-well drill programme.

Brent crude price is pretty good.

All funds now will be deployed in growing the Oil revenues from the Heron oil field and the highly prospective areas around Heron.

Rookie.

They told us in last Thursday RNS, that in parallel at the same time we have asked drill provider to confirm time table for Heron. So would expect that announcement very soon. May be even this week. They all been on stand by just like DQE who all been waiting for granting of Land Permit which has now been given.

Yes MMs manipulation was at its best today. They started off with that fake drop Pre-open spooking many folk right at the open. They only had a brief window to try it on.

Must say Buyers were equal to the task today. So hats off to all who participated in the swift recovery today to maintain order.