Member Info for Proquo

How do you make money being an 'observer' of an AIM company? What's the point? Must admit I can think of better things to do with my time than be an avid observer of Aim stocks. It makes trainspotting seem positively hedonistic! Hahaha

Buck said he'd be open to a sale of Heron so who knows.

Re an evental market cap, I don't know about a billion, but I'd take 300mill plus, somewhere around 18-20pps. Tbh we're not completely out of the woods re raises but a good partnering deal should lessen the chances considerably.

Over 70 trades and barely moved a fraction either way all day, so something is going on in the background. Clearly more buys than sells registered.

Petrovis taking a bit of profit?

What seems a real possibility to me is that the H2 update will announce not just a flow-rate but that the thing is up and pumping oil for market. A blockbuster!

Are we due a Quarterly?

Pressure is building!

After hours RNS?

I've been looking for that info so thanks Abzzba. Those are really good numbers. With greater production coming onstream imminently, this company can continue to grow even when POO is at a low point in the cycle. Each extra 100bopd from Gazelle and possibly H2 really adds to the coffers and gives us a bit of financial breathing space. Gazelle alone certainly reduces the risk of dilution going forward. A windfall from Sunsteppe would be brilliant.

Spot on Investor. We seem very, very well positioned now. Credit for that has to go to the CEO.

$80K that should say!!

That's exactly the point Thorn. In a strange way, a relatively low POO makes Matd a better bet for oil investors than other similar outfits - good netbacks, no debt to service, very low overheads, diversifying into renewables, and CEO who has had the foresight to streamline the company, such as cutting production energy costs by 15% by connecting to the grid. And now,hopefully, a company just about to up its output significantly as POO dips. Timing couldn't be better. Even with oil in the 50's' each extra 100 barrels per day still brings in at least $80 more a month. Imagine if H2 and Gazelle bring in multiples of that. We become an oil company who is managing to grow while the oil price cycle is at the low end. That'll bring us some attention for sure.

Yes, one would assume that any potential farm-out partner is more focussed on the P1 and P2 reserves and the potential longevity of the field than a relatively depressed (but still workable) short-term oil price. By the time they get to drilling, sinking more wells and bringing them onstream, oil might well be at new highs.

Wrt oil price, was great timing to announce an imminent increase in production numbers!

Make that six. Forgot the farm-out!

I can think of five positive RNS's which could drop next week. Lovely.

Yes, agree that we are waiting for that Friday FOMO to kick in! Hahaha

*swingeing ffs! Predictive text is a pain!

*swinging

The Saudis and Opec have form doing exactly that Investor. They squeeze producers by over-producing for a while to drop the price to put struggling outfits out of business, then they announce swinging cuts to output to spike POO again. Apart from hedging via our renewables JV, the best thing MATD has done is avoid poorly-constructed financing and heavy debt-servicing responsibilities. As painful as the raise was it kept us debf-free (and kept Petrovis sweet as they are way up on their 300k outlay). It's companies with such issues that the Saudis want to push over the cliff-edge. More production from Gazelle and poss H2 means we can continue to grow in a lower POO environment. Then there are the good signs woth Gobi for April. Plus any potential buyer or partner can't start trying silly low-ball offers and deals as we won't be a distressed seller. Good strategic leadership by Buck in my view.