Member Info for Ostraliamate

Nothing has changed. Everyone just needs to relax and let the progress run. We will put Heron on line this year and drill additional wells. We can't control the border, we can't control the Government so we have to be ready, have all the ducks lined up and be nimble and flexible.
It's a frontier country, in a pandemic, with a rigid neighbour and about as many challenges as you could imagine. So the harsh comments about MB are both dissapointing and out of line. I look forward to reading the apologies when he delivers what he said he would.
He has never over promised and under delivered. He and the board are working in the best interest of the company amd ALL of its shareholders so relax, give the board the time they need to deliver their strategy amd don't be surprised if we get some very positive news shortly.

In the end it will be worth the wait.

Cheers Southy

Haha I don't deal with fools but happy to have a friendly bet on here that we will drill 2 weeks this year and Heron will be on production. You can make a donation to the charity of your choice when you see the next RNS.
Best if luck.

Haha you guys are just so funny. I have never heard such whinging and smack talked about a share you don't hold.
It's pretty sad that you apparently "invested" in MATD but then you just talk it down all the time when you know that what you are saying is total BS.
The company will drill this year, they will have Heron on stream this year and you guys will look silly.
You don't have anything to back up your crazy assertions and down ramping but keep it up. The investors are just buying more shares to reap the rewards of your stupidity.
Back in your box

Guys don't fall for the deramping. We are going to have Heron on production this year and drill 2 or three other wells. The border is opening up, the land issues have been resolved and the oil is still there, updip and high quality.

Nothing the usual complainer brigade can dream up in cyberspace will change these realities.

My gut feel is we will drill 2 Heron wells , put Heron 1 on production. The wildcard is a drill on the Raptor trend which I think could be on the cards if the DQE deal gets done on reasonable terms for us.

This is in my opinion how I see the rest of the year rolling out. The board is pushing hard and contrary to the rubbish that gets thrown up here at times the fundamentals haven't changed, if anything the story gets better.

RNS hopefully put next week or so. You don't want to be out when it comes in.

Did you read the RNS? China borders closed so we are awaiting the opening so we can get Heron 1 on production. Talks with DQE progressing, Velocoraptor drill a possibility. 25th May being discussed as opening date of borders but still not confirmed. Still 66 million barrels of oil @100 -150 a barrel, from one structure.
Waiting for update from the board, only May. Lots of good news to come.
Cheers

Bowley or whom ever you are, do.you realise that Petro China, a Chinese company, is currently shut down for Momgolian ops due to the strict border policy.

You say you deal in facts but in reality you are not talking facts.
We currently can't produce the oil because our partner, the biggest explorer and producer in the country is currently unable to cross the border.
The issues are not in Mongolia they are with our partners and their border.
"The equipment and people are largely already in country" as per recent RNS
We are waiting for capacity to become available in the system to allow us to enter and exploit Heron 1.
If the DQE deal is done, which I speculate will be done this year, we will have access to multiple rigs and work over rigs which will expedite the production.

If it takes 2 weeks or 6 weeks remember we have 100s of millions of pounds worth of oil, up dip of our neighbours and in a proven oil producing basin.
On top of this the velocoraptor structure has multiple millions barrels of oil in the three structures.

If it takes 2 weeks or 2 months it's really irrelevant. We have 10m pounds in the bank and a very lean and nimble CEO and board.

You don't want to be out when the boarders open. It's going to be a transformative year for MATD.

Did you read the recent RNS. The government has bypassed this with legislation. Will not be an issue, stop trying to make it one.

Guys, no one is holding you here.

If you don't like the story or the CEO sell up and move on. None of you understand the pressure thay the board would be under and the frustration they would colelctiviely feel. They are all invested in the project, not many CEOs put their own skin in the game, MB did.
People are quick to forget but we have made a significant oil discovery of multiple millions of barrels of oil and this is extremely valuable and transformative to the company.

No one likes delays,but to be totally fair to Mike , 90% of the issues that have slowed progress are out of his hands. A global pandemic and a neighbour who very undervaxinated and try desperately to avoid Omicron getting into the community.
These have been massive issues for the whole world and have slowed everything down.

We are only in May. There is still a large drill window and there is plenty of time to get Heron onto production. Until the border opens there is no point, as there is no where to process the oil and storage is expensive and frankly pointless without the processing capacity.

If we can mobilise a drill team and have a crack at Velocoraptor and can get Heron 1 onto production, 2 things I firmly believe we CAN achieve. Then to me this would be a very successful year.

Sitting here bagging a company you are "apparently" invested in seems counterintuitive.

Keep positive, in the end the result will be fantastic for all genuine long term holders.

Who said they haven't?
The previous RNS said the equipment and people were already in Mongolia.
We can drill Velocoraptor whilst we wait for the DQE deal to be finished and or Heron 1 put on production.
We are hearing from locals "don't write this year off there are still a lot of good things in the pipeline" so take this as you will but we are only in early May so let's not get too pessimistic already.
Mike and his team have had a lot of external curveballs, more than you could even reasonably believe. But the fundamentals of MATD are rock solid. With 10M in the bank, the support of the biggest Chinese oil exploiter iand explorer in Mongolia and a government who are continually showing high level support for this frontier project.
None of us like delays, but this is a good project with a good leader and the long term holders appreciate the situation and accept the things we can't control.
Relax, In the end it will be alright. If it's not alright it's not the end.
Cheers

Oh Hamm, keep trying buddy.

We have all the permits and a government edict that will allow us to bypass and local issues.
We are not trying to change the law , the government supports the position and passed the change in April 22.
China is not stopping the drilling or exploration, we are unable to export our high quality oil until we can free up capacity in the holding tanks, an issue which will be resolved well before the window in 2022.
We dont need a plan b as plan a is still proceeding. Plan A 1 is to drill RAPTOR and prove up multiple million barrels of potential whilst we wait for the border restrictions to lift. Which we hear will be sooner than later.
Heron will be on production this year, velocoraptor is the cream.
I'll bet we see 10p before 2p.
Nice try though ??

My 2 cents,
Not withstanding the delay of getting the rig to site, this is actually quite a positive update. The land issues have been resolved at a government level to avoid local activists getting involved and providing a level of surety for futire ops. So we can now get after things without local issues which is a massive outcome. Not withstanding we still want to be good corporate citizens and help the locals achieve employment and improve their lives.
The issues with China are frustratimg but as others have said the zero covid policy won't work so it will be diluted at some point soon.
Interesting that velocoraptor is in play for a drill this year. Thats significant.
So i guess we hurray up and wait! Hopefully won't delay things for many more weeks. Things lining up nicley.
Cheers

Manro, give it a rest mate.

Honestly, it's bordering on slanderous .

Please sell you 500 shares and go invest elsewhere. This is a risk reward play. If you don't want in then you are welcome to sell and move on to greener pastures.
I have every confidence in Mike and his team to deliver a very good outcome for the shareholders and if good news takes a few more weeks then so be it. He has outlined the timeline very clearly and is still on that schedule.
We will produce oil this year from at least one, possibly 6 wells and the share price will be a lot.higher than 4p.
Keep positive and buy the drops. It's going to be an amazing journey from explorer to producer and Mike will deliver what he said he will, as he has done all along.
Cheers

There is a lot of misinformation being sprouted as "fact" based off Facebook translations with out context. This is a dangerous game.
Let's just wait for the next RNS which in my opinion will show that most of the below is not based in fact and a deal will be done to expedite the drill program and possibly / hopefully have a crack at Velocoraptor.
The company would be required to RNS any substantial issues, and they haven't, so they most likely don't exist apart from on the chat board.
Land use is a complicated issue but as Mike has stated it is being addressed at a government level to avoid any local/ district ambiguity so there is no hold ups when future ELs are issued.
You need to remember this is frontier exploration and production in a "young" country politically. There will be issues along the road which will be negotiated in gooth faith.
I cant wait for the next RNS and personally believe it will be a ripper.

This video was from 2019 and is no longer relevant.
Just for total clarity, and to avoid anyone thinking it's current or in any way has an impact on 2022 Operations.

Are you a computer?
All of your questions have been answered repeatedly and yet you keep asking the same questions making the same false statements.
It's boring .
You won't invest money to lose it if you do its gambling not investing. The people with the large holdings know that Mike is going a very good job and may just surprise a few people here with one of the most transformative RNS we have seen.
Don't sell your shares cheaply as in a very short period we will be in production and exploring a shallow well with massive upside and potentially in a JV with the largest oil producer in Mongolia.

Going to be worth the 15yr wait in my humble opinion.

Hamm,
When MATD announces thats they are drilling 4 producrion wells on Heron and drilling velocoraptor before the end of June will you be happy?
You don't do a multi well production / exploration deal in a week. It is a complex negotiation and then needs legal and contracts draw and reviews. Etc etc
I would rather we wait a month for a solid deal with a proven, large, in country contractor, than drill one well well now to appease a VERY small list of derampers (3) who don't hold shares and constantly talk a company down.

The wait is worth it and the rewards of us patient long term holders will far outweigh and short term market manipulation by MMs and those seeking to disrupt.

I really will.

Hamm,

You are a flog mate. Your blatant lies have been called out over and over. You don't have any MATD shares and you will be missing out on one of the best shares on AIM.
If you don't like Mike then sell your 10 shares and move on with your life.
Nothing you say on this board us based in fact, you have been called out multiple times for BS and yet you remain.
I will give you 10p a share for all your holdings if you just close your account and crawl back under your rock.
These significant deals are not done overnight. The expectations have been clearly detailed via RNS and frankly no one cares what you think. If your not holding and you don't want to be here go away.
The next RNS will be so transformational to MATD that you will look back on your posts and think what was I smoking.
Deal in fact. The truth with set you free.

Have a great day guys ??

Good to see the derampers are in full force today. Nice try!
There is not going to be any revelations tonight from Mike. Just a general update of the timeline perhaps a little detail around JV discussions but probably not much. For those that have been here a while Mike has constantly under talked and over deliverd, against some very strong headwinds. MMs love any weakness so they can accumulate more shares from sellers who get spooked by ridiculous assumptions on this board.
Hopefully if nothing else comes from tonight's presentation we will be able to get an understanding of what 66 million barrels are worth to the company with oil above 100 , jesding for 150 a barrel and what intrinsic value per share this represents. This figure alone will be multiples of the current share price.
If we get the DQE deal done and then go after Velocoraptor with 10m in the bank. This is going only one way, and quickly IMHO. Don't be fooled by the usual suspects doing there best to exploit the prices.
Interesting to see what Mike has to say non the less and look forward to tuning in.

Haha, classic derampers

The flow rate is still unknown and could be a lot higher with modern fracking techniques. 4 wells at 350 a day is 1400 barrels a day. $120 a barrel. 66,000,000 barrels potential.

"Major catalyst" = Velocoraptor. Then you have a significant project with cheap wells, markets for offtake and a supportive government.

The recoverable could be as much as 66M barrels from Heron alone (or higher) and that's one structure of many in the PSC area. Also oil is of very high quality which further improves the numbers.

Don't forget we are fully funded into production so your comments are, as usual both factually wrong and baseless....

Nice try though. Please sell me your shares and move on.