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Spot on WOS. The fungi ignore the bits they don't want to see.

Is Stas still polluting the board? Yeah, they always revelled in listing sells every day over at COPL..until they bought in.

Probably the single most reviled individual across the bulletin boards. I actually left the COPL shareholders group when I found out Stas was involved with it although I was tempted to stay as it might have been a way of finding out who they are. Would love to meet the twat. Like I said, utterly loathed across multiple boards.

firm and judicious filtering really is the way to go. all the mushrooms in the green boxes are there because they are interested in manipulating via constant regurgitation of negative points and interpretations. the test is very simple - if all a poster does is offer negative sentiment, negative interpretation of all updates, negative predictions when there are positive options to state, then that person is not invested. it really is very simple. add to this fact that the only point of hanging around the shares environment in order to make money then this can only lead to certain conclusions to explain their presence. and i don't really need reminding that a tiny oiler in mongolia isn't an absolute certaintty to succeed which is their only strategy, to bang on about the risks here.

and there isn't one single one of these fungi who have ever offered the slightest feasible explanation for their constant negativity. hence they are fundamentally dishonest and their position is always antithetical to mine. into the green fungi bin is the only option. fungus grows well in a nice dark environment with plenty of rotting ****e to feed off.

there is absolutely no point in engaging with anyone who doean't have a single positive point to say about a company i have invested in because no investor would ever behave in such a way. it's blindingly obvious really.

Yes Gusto has to be filtered for his/her own mental health too. Don't engage with them as they clearly have some profound learning issues. Sad to see. And don't engage with Stas as anyone who was at COPL will attest. Absolute scumbag.

I think that's the general idea Master. My opinion is that the sign-off by Mrpam on the agreement is not far off, so what with the cash left and the income from 200-300bopd coming in, this will be enough to see the company through the winter comfortably. During winter, they can use the cash saving on H2 to design the topside pressure management system for H1, buy the necessary kit and source the crew to install it as soon as the weather allows to get the H1 bopd right up as a 'matter of some urgency' (Buck's words). Surely this is right as H1 then becomes a great springboard for all to follow as the new season opens up. Plus once income starts flowing regularly we can start approaching banks for RBL etc. We wouldn't need to get into huge borrowing to start popping another well in place, sort H2 and then the process of field development looks after itself. That's my view anyway. I am an investor.

After seven years of holding here, I'm actually looking forward to the winter here.

Tempting to buy more here and to average down further but there's just that ever-present risk of getting trapped here. I'm sure that's what puts most people off this outfit.

Concur, Tenbag.

Worth rewatching the section of the presentation dealing with Sunsteppe.

Just a guess, but it's possible that it's the discussions around the area of Heron straddling the block 19/20 boundary that's been the issue re getting the form of words right to put before Mrpam.

Gkahn - that is a good question to put to the company.

Was a big section on it in the most recent presentation. Looks very promising indeed and great to see a little oiler responding to global challenges with a programme of diversification.

I also think once they saw some ambiguity with the H2 results, and realising that H1 would pump big numbers with a pressure management system installed at the well-head, that they took the strategic decision to re-direct the couple of million allocated for H2 to doing the work on H1 to get it fully pumping asap. They'll come back to H2 with the funds from the sold oil when the season starts up again and they clearly think that the sign-off from Mrpam to sell the oil will not be too long in arriving. I'm pretty sure that's been the thinking here. H2 has good oil shows so suspend and come back to it, and focus on getting the 'enthusiastic' (Buck's word) H1 pumping as much as possible. With a fair wind this strategy should bear fruit and give us good income through the winter. I repeat, there is no real reason to think a raise will be necessary. A loan, hopefully of a RBL type is more possible or even some support from the Mongolians themselves. Think of all those happy officials having their picture taken in front of a pumping H1- imagine the egg on their faces if this doesn't play out in the way they were hoping now. Wrt winter, let's not get too carried away with considering it - we are looking at less than four months from here until winter is considered done, and there's plenty of newsflow probable between now and then, including developements at Sunsteppe in Q1. The company is in the best position it has ever been in and is literally ready to take off.

And no debt.

Let that sink in.

Good work Thorn.

But also this is why I think the Mongolians have pivoted behind the company suddenly and why I think Mrpam will sign off the agreement quickly as they know the Chinese are hovering; their stated policy is to build resilience and independence in their energy sector against the likes of their giant neighbours so they need to get MATD producing here asap. My other theory is that the Mongolians might well offer some aid to the company, such as underwriting a loan a bond scheme or other financial support. The suddenness of their coming round to support the company by sigining things off quickly, allowing workarounds to admin barriers and even the way they were queuing up to have their pictures taken in front of a pumping H1 all points, for me, to a new approach to this from them. I think the fear of the Chinese taking the lot explains developments here.

JV there is a distinct possibility.

Re-post from Stockmaiden - spot on.

'Derampers are listing news that can further drop the share price, but each news can equally lift the SP.

Matad is about to become a producer and the derampers knows.

- Heron1 flow rate stabilises at 500-800+bopd

- Heron2 analysis work complete and well can be re-worked

- Gobi bear not quite a dead cert

- PetroChina deal being finalised

- Sales contracts near conclusion

- Invaluable geographic data being analysed for next phrase (DQE or PC JV potential)

- Backing from Petrovis main company.

- MATD is debt free

Regarding funding, Matad are open to a few options here.

PetroChina could go into a JV and fund the rest of the Heron campaign for a share of the field.

Petrovis could and would chip in to support MATD when necessary. I can't see Petrovis letting MATD go under.

Matad is producing oil. They are debt free and can take out a loan if need be.

Remember, people had paid much higher per share'

Ah, I see you are responding to Stas.

Stas was loathed over on the COPL board as they are the ultimate position poster. You watch, the moment they buy in here this company will be the best things since sliced bread. Everything they say is basically a lie looking to manipulate the sentiment around a share. The irony at COPl was they got caught holding millions of shares when the company went bust and they are now helping the shareholder's action group - God help the poor saps over there if they've got this scumbag helping them. This POFS would literally sell their granny's dead body if they thought they'd make a profit on it. My advice to all is to consign this toxic mushroom to the green fungi bag.

Please let the next post be a green fungi box.

Spot on Thorn. Literally nothing priced in here at these levels. Millions and millions of barrels of oil in place and our first well capable of producing great volume, freeflowing too. Imagine what it will do with a bit of stimulation once the pressure management is sorted. High pressure is a great problem to have too. There are oilers out there with a higher Mcap who are still wildcatting ffs!