Member Info for Oilfarmer

Billy, 'relaxed' is the only way to be after all the months of waiting since Heron TD'ed.....

I prefer the RBL option (out of the - RBL/equity raise/JVs - choices), especially with current low interest rates and potential 30% uplift in Heron reserves.
Would like to retain 100% of cashflow and then JV some of the other prospects if that speeds up the *exploration rate.
* a lot of acreage to get rounded up before the next oil bubble !!

GL - Oilf.

And 2+ hrs later still nothing on Matad website !!.....

Slow Slow Quick Quick Slow ??.....

Oilf.

Just printed up these AGM question threads to read with my breakfast....
By the looks of it - I'm going to be holding here well into 2021.
Quite relaxed about my commitment of funds here atm.

Just Hope Mongolia can get it's show back on the road before the MATAD *funds run out !!
(*I DO expect MATAD to achieve a JV/fundraise in next few weeks or Q1/2021 once EL & Heron Resource issues are settled)

GL - Oilf.

That Knockdown/Lockdown typo seems to about cover it !!

GL - Oilf.

So got to ask ourselves how is EXR making progress despite the Mongolian Covid Knockdown ?

Elixir Energy doubles it's gas resource on China's doorstep ......
https://www.nextoilrush.com/exr-doubles-its-gas-resource-chinas-doorstep/

Hope Matad's little venture can get up off the floor in sharp order !!

GL - Oilf. (Sold at 2.7p bought half back at 2.5p the other day to reduce my exposure and feel more comfortable on the run in to today's AGM and potentially no EL or JV in sight yet... giving another buying opportunity on the horizon ?)

You would have thought so !!...

Zoom/Teams or even WhatsApp like the rest of us !!...

Just got to assume Minerals & Resources Gophers' have been preparing the ground/reports in the background ready for the Committee whenever that might be....
But we don't know how many ahead of MATAD in the queue...

GL - Oilf.

Have been holding throughout & building since 2018/19
Have been Hold but now No Opinion

Decided to bale out this morning (my choice) at best.....
Now watching for EL confirmation - whenever that might happen...

Remain optimistic for MATAD but time is money and there may be better entry points as EL and funding are resolved....

Good Luck all - Oilf

Missed that !!
Oilf.

Government Operations in Mongolia seems to have suffered Covid-19 out of all proportion to the size of the population and the extent of the landmass (density)....

Just got to hope that the gophers at Minerals & Resources are working harder & more diligently than their drifting Committee Members !!

If Matad gets to AGM on 10th December without all the necessary ducks in place it's difficult to see SP not suffering....

As a Long Term Holder.....
GL - Oilf.

Mineral Surveys & Exploration Licenses as at 2016....
https://mrpam.gov.mn/article/47/

GL - Oilf

So something IS happening regarding Mineral & Petroleum Resources in Mongolia - just not on the Committee !!

Ulaanbaatar /MONTSAME/. Deputy Prime Minister Ya.Sodbaatar has informed that the Tsagaannuur border crossing checkpoint in Bayan-Ulgii is open this week for petroleum imports.

By the government’s resolution dated November 16, 2020, freight transportation movement across all border crossing points with the Russian Federation have been closed amid the COVID-19 lockdown and movement restrictions. In specific, the Altanbulag border checkpoint in Selenge aimag is closed for two months until January 18, 2021, and other checkpoints - Tes, Artssuuri, Ulikhan, Ereentsav, Tsagaannuur and Borshoo will remain shut down for an indefinite period.

However, the Tsagaannuur border checkpoint is now allowed to open only for every second and fourth weeks for petroleum transport by road.

Borshoo checkpoint in Uvs aimag and Tsgaannuur point account for 75 percent of total import movement of petroleum and petroleum products to the western region of Mongolia.

As of November 23, today, 17 freight vehicles, carrying around 408 tons of fuel, entered the country across the Tsagaannuur and all unloaded trucks are sent back within the same day.
https://montsame.mn/en/read/244299

Last Post I can find re: Mineral Resources and Petroleum Authority

Is this Hot Shoe who was appointed on 08 December 2017......

New director appointed at Mineral Resources and Petroleum Authority

https://montsame.mn/en/read/132687

Back to the drawing board !!
GLA - Oilf.

Thanks for post....
Your link works well....
Off to Google Translate !!

https://montsame.mn/mn/read/24437

GLALTH - Oilf.

Good to see progress in Mongolia - just not Matad !!
Today, Elixir Energy (EXR.AX) announced the discovery of an entirely new sub-basin with a well intersecting 27m of gassy coals.
Elixir Energy is exploring for natural gas on the Mongolia-China border.
EXR just took another large step towards unlocking a massive, clean burning, natural gas source right on China’s doorstep, directly across the border in politically friendly Mongolia.

https://0-nextinvestors.cmail20.com/t/d-l-chlblt-hriyujllt-t/

GLA - Oilf.

Just got to hope MB gets EL (+funding) in his pocket in time for AGM ?.....
GLALTH - Oilf

Certain amount of precision in these selling prices....

9-Nov-20 09:44:00 2.48001 8,000 Sell* 198.40 O
19-Nov-20 09:23:26 2.48001 41,237 Sell* 1,023 O
19-Nov-20 08:58:18 2.48001 40,000 Sell* 992.00 O
19-Nov-20 08:04:45 2.48001 5,685 Sell*

Holding up well ?
GL - Oilf.

Bentley Field 9/3b

Strong Buy if you can get back aboard XEL via the Whalsay Gravy Train......

Let's suppose the current Corporates (previously the Bond Holders) wanted to encourage PIs' to join in again.....
Would you play ball a second time ?

Bentley was a circa 250MMstb field in 2012.... When PIs got written out of ownership
Now Bentley 9/3b is claimed to be 912 MMstb (P50), 10°-11° API oil with well-connected and well-defined reservoir with excellent aquifer support.

Nice little earner for those Bondholders - with relatively limited *capital input at the time - who took possession...
*And relatively limited capital input in the interim..... #shufflingpaper !!

Current Investors - Blackrock - QVT - Warwick - Whitebox - will no doubt max their gain from all that PI 2009/2010 XEL investment/support.
Once Brent Crude returns to better entry level....

Here's the Whalsay Teaser for your investment..... Best if you go in as a Bondholders this time !!....

https://whalsayenergy.com/wp-content/uploads/2019/10/Whalsay-Energy-Bentley-Teaser-08102019.pdf

GLA previous holders.... Oilf.

@dozzawba what you might call non-committal !!...

(prelude to pump & dump ?)

Oilf.

Which Christmas ?

(also topped up !!) How much More needed ?
GL - Oilf.

ROCE - Return on Capital Employed....
Looking at Trades....
On 03November a couple of big(ish) trades (Buys) went through....
03-Nov-20 14:02:18 200,000 at 2.30p Buy* £4,600
03-Nov-20 15:58:48 150,000 at 2.29 Buy* £3,435

Today 09November three big(ish0 trades (Sells) went through....
09-Nov-20 14:46:36 275,988 at 2.4255p. Sell* £6,694
09-Nov-20 11:19:38 150,302 at 2.4336p Sell* £3,658
09-Nov-20 08:38:26 278,354 at 2.4255p Sell* £6,751

Assuming the original buyers DID recoup 0.1255p (before brokerage) on their 06November purchases....
They had an ROCE in 4 trading days.....
The 200,000 Buyer "could" have got out with £251 profit for 4 days - working his/her Capital = 5.45% ROCE
And the 150,000 Buyer "could" have got out with £188 profit for 4 days - working his/her Capital = 5.48% ROCE

There are approx 260 UK Trading days per annum (365days less w/ends and public holidays).
So they/you could rinse and repeat these trades - successfully but unlikely !! - every four days over 260 Trading days...
Their ROCE - before brokerage - on £4600 Capital Employed would/could become 65 x 5.45% (£16,315)

Explains why Mega£million funds armed with algorithms can make a killing from day trading minute by minute....
PI's tend to be long term holders waiting for multibaggers - sometimes for years......
Unless you were in Gulf Keystone Petroleum, Xcite Energy or even Petro Matad when Brent Crude hit $100/bbl. !!

Grain & Commodity Shippers (Shippers not Miners/Producers) can turn over their Capital circa 40x in a season with nice fat ROCE p.a.....
GL - DYOR - Oilf.

Day Traders & Bottom Trawlers been making a good ROCE in last 3 Trading Days !!

https://www.lse.co.uk/ShareTrades.asp?shareprice=MATD&share=Petro-Matad

Annual = ROCE/3 x 260 = DYOR....

GLALTH - Yr day will come ? - Oilf