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Stop ramping, Doc!! I'm delighted with Heron as a solid base to build this company on, but even I, as a very positive investor, would struggle to convince myself that 821bopd on well test could be described as a gusher.

To be fair foxy, at least you don't come on here and pretend to be what you are not. You're happy to parade who you are and where you stand, and I find it pretty brave to open yourself up ridicule as you do. I admire your honesty.

Why are you so insecure about your investment Doc? Gobi wasn't a failed drill, just read the RNS. Go back to the Heron announcement and you will see that Heron was far from a 'gusher' but it was still announced as an oil discovery.

For accuracy, the RNS actually had this concluding point on Gobi;

'The Company will then determine the forward programme, which is anticipated to involve a well test, likely being the best way to definitively determine the fluid content of the reservoirs in Gobi Bear-1.'

I don't think the company would consider spending on a well test if they didn't think there was a reasonable chance that Gobi might prove productive. So Doc, I think your post was a bit misleading tbh. Try to find the positives instead of looking for the negatives Doc.

Well, that's a bit lame Doc. Btw your post also quietly implies that Gobi was a failed drill. Just for the sake of accuracy the RNS, and Buck's accompanying statement described the results as a 'ambiguous' and a 'teaser'. I think we should wait for the results of the folow-up analysis currently underway before we start drawing conclusions and writing it off as a failure. I do think accuracy is important.

Doc, you really don't get the irony of you, an investor in MATD who has a long history of negative posting on the company, describing other more positive posters of being insecure about their investment?

I agree Investor, but some traders clearly think that negative posting does indeed influence SP otherwise why would they bother? No genuine investor seeks to constantly counter positive posts with a negative slant, as several do on here, so why are they here if they don't think it's having an effect for their trading? Simple question.

Doc, have you actually had an irony-bypass? You claim to be invested but post an endless litany of basically negative posts and them have a go at other, more positive posters, for being 'insecure' about their investment. Erm, seriuosly can you not see the irony in what you said? Hahahahaha you can't even see that you've effectively given yourself away. That's made me chuckle tbh.

*disinformation!

Doc, stop spreading information. Literally no serious investor was holding oput for Gobi to be the catalyst for a re-rate so drop the 'we' in your statement. If that was your big hope then surely you should sell now? Seriously, who would put a low COS play (which is still being analysed btw) ahead of developments at Heron which are the main reason to invest here. That's your way of trying to spread negative sentiment as always. It's really tiresome thast you actually think you are being clever.

Yep, derampers are here! Gusto, Espen et al. Looking to lower the price. Tiresome.

Adw198, as a newbie here, I really suggest that you go back and read the various RNS's over the lasy year or so and you will see that in black and white. The company literally told us about arrangements to effect cost reductions on the drilling costs going forward. You really should do some reading before you try to come on here to spread unsupported claims about future costs. Also, I would suggest that once MATD starts generating regular income they will be in a position to applp for borrowing, possibly some RBL with a bank. Borrowing is how most businesses finance their growth and one thing that Mike Buck has focussed on is making the company much leaner wrt overheads, staffing costs etc. As I said earlier, if you don't actually believe that MATD will start getting some nice income from H1 and H2 then there is literally no point in being invested here as everything depends on this. This is a tiny stock in a volatile business in a difficult place to do business, up until recently at least. It is not risk free. Do some proper research, then hold or sell as you see fit. You seem to want to highlight nothing but negatives so i assume you are just another deramper as I've yet to meet a genuine investor who never talks about the positives of their investment.

Well, the derampers are working hard to destroy any sort of positive sentiment here. We have established that each succesive well will not cost the 4m that the resident derampers have been trying to hammer home over the weekend. That's actually what the company has told us. I reiterate also that the fact that H1 and H2 almost certainly accessed the same oil-bearing formation despite being 800m apart is important - the established spacing conventions would seem to therefore allow us to quickly drop wells between the two poles without the risk of not being able to find the sweet spot. Once H1 is producing and generating income then of course there will be recourse to borrowing going forward which is basically how every business gets itself up ands running. If you actually have real doubts that H1 will be producing THEN WHY ARE YOU EVEN BOTHERING TO POST HERE?! If that's your angle of attack as a deramper then that suggests to me that you are really scraping the barrel. Ignore the derampers, it's obvious what they are trying to do, hence their aggressive attacks on investors here over the weekend.

So much guesswork, based on no data really. We know H1 is ready to go, H2 is subject to flow test but there's hope that it will flow similar to H1 as we have established that it has found the same geological formation as H1, less than a KM away. We await a key catalyst in the Mongolian authorities signing off on the deal provisionally struck with PC, but we are encouraged by the alacrity with which the construction permit issue was resolved in our favour. For me, getting H1 up and running and generating a bit of income will be a massive threshold crossed and enhances the investment case considerably. Everything else is speculation and we all have our guesses wrt flow-rates, potential income per well, potential borrowing channels once we have regular income with a surplus, potential JVs, farm-ins (I have stated previously that my theory is that an approach and an offer for Matd by the Chinese was used as leverage by Buck and triggered the Mongolians to get their fingers out), potential new find after the 'ambiguous' Gobi drill result. Bottom line for me, and why I continue to hold, is that H1 producing this side of the winter is the most likely, quickest and most achievable of these potential outcomes and is enough to secure the company's future going forward, provides a base to build from exponentially (first well always takes longest to establish and is the costliest), and any income at all mitigates against future raises or at least limits their scale, and also begins to point towards some reasonable borrowing. So buy, sell, hold and speculate away as is the wont of these boards but keep things in perspective. H1 bringing in income is the game-changewr for a company that has never earned a sou in income for over a decade.

Tbh, Doc has been at it for a long time here - another of these posters who claim to be invested and then spends their whole time trying to highlight every negative they can think of. Like I said, one dreads to think what they are lke in their personal relations if they think dishonesty and manipulation is the best route to success.

Well, well. The deramping squad are mob-handed today. Always makes me chuckle when they claim to be holders and then proceed to do nothing but try to spread as much negative information - or misinformation - as possible. They're all too dim to be subtle about it. More worryingly, these people clearly believe being blatantly manipulative and dishonesty is the route to success. I always worry that they take such a view in their personal relations too. Anyway, ignore the FUD, look at the facts - oil is there, a lot of it, it will come out of the ground soon, the company will get income for the first time in its history and isn't saddled with crippling debt, it has a clear plan of action going forward, and now seems to have the local authorities right behind it. I'm quite happy with that position with my average of under 3p and no amount of half-headed oiks who think they are cleverer than they are will change my view. Good weekend to all honest holders and ignore the pondlife.

I understand that, but nobody should be sounding like they want it to happen so the share price on a bloody penny stock goes up ffs!

Final comment - I'm sure it's not meant, but I find the discussion of potential oil price and the effects of this in the event of all-out war between Israel and Iran somewhat distasteful. Some people speak as they hope it happens. It really would be catastrophic for the world as a whole as well costing the lives of innumerable, mostly young, people. And it would solve nothing. So come on, let's have a red line here please.

As an addendum, I would add that it is the deal with PC in block XIX that is the vital catalyst to release the current brakes on the SP. Only 17km away so easy to acess, even in inclement weather. Big test now is how quickly the proposed agreement gets signed off by the regulator as the Mongolians wil be wary of too much control being handed to the Chinese. Absolute test of Mike Buck's leadership now, to come up with a deal that works for Matd, keeps PC happy and allows the Mongolians to feel that they still have their hands on the steering wheel. That is not easy. The production in some ways is the easy bit now.

As I've said the MM's are just letting this trade in a tight range and the have the stock to control it. This has been the pattern for weeks and is easy, risk-free profits for them. It is literally like printing money for the MM's atm. This will only change once some bigger, less ambiguous news lands and the traders have to be much more careful. Two catalysts - deal with PC and production in short order, at a decent flow rate with no ifs, buts and maybes. Gobi is a potential bonus and not essential. Then the MM's have to let it go, especially if/when the ii's start sniffing around. Two more stages of de-risking and then we're away. I want 4.5p by the end of November, minimum. If there's a whisper of a JV also then the pressure will be on MM's. I still believe that there is something in the background here that has spooked the Mongolians into action which Buck has used as a bit of leverage with them. Just a hunch of course. Any shorts still held at the end of this week are playing a dangerous game so I fully expect a .2p uptick tomorrow alone as they close out, finishing atound the 2.8p mark. Next week could then be pivotal for investors' fortunes. Congrats to Mike Buck for getting us into what I believe is a strong position but clearly not a risk-free one still.