Member Info for Proselenes

Needs to get to 10p to get back to the level that Directors purchased loads of shares...............thats how stupidly low the share price has fallen.

And as a good comparison....

ECO have 15% of their license in Guyana. MATD have 100% of Block XX South.

For MATD to have the potential for 3 Billion barrels OIP, then ECO would have to have 20 Billion barrels of OIP (to get to 15% ownership equaling 3 Billion OIP).

Thats the staggering upside from Block XX South if Red Deer-1 comes in. You have mundane 200% upside from Block XX North drilling. But you also have staggering upside potential from Block XX South.

Which is why MATD is an interesting stock to hold for those who like some risk/reward.

Hopefully both ECO and MATD strike oil on their current drills - happy days !! :)

Sorry, should have said over 3 Billion barrels of Oil in Place in Block XX South. Image in below link.

https://i.ibb.co/8bL99gV/XX.jpg

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Good news on the Geo, the more players and more involved the better. If Red Deer-1 strikes oil then they will want a lot more geo work done on Block XX South. Heron-1 and Gazelle-1 are Block XX North, but Red Deer-1 is a basin opening play in Block XX South.

Block XX South has the potential for 600 MMBO recoverable (100% owned) in lead and prospects - so akin to 2 Billion Barrels of Oil In Place.

Red Deer-1 is a high risk well, as the CoS is low - but if it comes in, then real excitement will happen.

Heron-1 and Gazelle-1 are more mundane, while offering massive upside from the current low share price (over 200% from 8p) they don't open up spectacular upside like a strike at Red Deer-1 would.

A 1 pound party.................. thats some way off..........

50p is achievable if Red Deer-1 and Heron-1 both come in good. MATD would have double the proven oil of say ECO, and ECO market cap is way way way way way higher.

100p........is possible, much later on. The Block XX South area that Red Deer-1 is being drilled in has upside of 600 MMBO Recoverable barrels of oil, that is 100% owned. This is way way way more than ECO can possibly have in Guyana with their 15% share.........with MATD its all 100% owned.

So for massive upside now and later.......Red Deer-1 has to come in.

For significant short term upside, Heron-1 has to come in.

I think they must be drilling the Heron-1 target zone now......... :)

This link.

https://jerseyeveningpost.com/news/2019/09/03/jersey-companys-north-sea-oil-operation-could-yield-6bn/

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Because if you read the posts earlier there was suggestions there was LWD.........there is no LWD.

They do not have LWD.

These rigs are standard rigs.

Logging is done after drilling is completed. They pull the drill string out, put on the logging suite of tools, put the drill string back in and then do a logging run.

So drilling must complete to TD first. Then they pull out. Then they do a logging run.

They do not have LWD.

Drilling is done, the string removed, the logging tools put on and then a logging run is done. Presently both wells as stated in the RNS are drilling............

DRILLING OPERATIONS CONTINUE.........

The Heron 1 exploration well in the Tamsag Basin of Block XX spudded with the DQE International 40105 rig on 19 July 2019. Land permits for Heron (and Gazelle) have been received and drilling operations continue towards a planned total depth (TD) of 3,050 metres

Anybody who researched MATD would know that talk of placings and permit issues was total lies.

Made up lies............not concerns........... made up lies. The company has always said funded - why did anyone think not. The company clearly said all sorted just waiting signature.......why would you doubt it ?

No......there was no legitimate concerns and if you notice my posts I said as much........no placings, no worries. Hold all my stock - not selling.

I should been clearer.

NO REAL COMPANY WITH ETHICS WOULD REPORT OIL SHOWS BEFORE LOGGING IS DONE.

RMP ? UKOG...........thats Mickey Mouse crap.

No real companies will report anything until logging is done. Take ECO..........nothing reported until logging completed on Jethro. Thats how real companies work. You report NOTHING until LOGGING is complete.

NOBODY REPORTS OILSHOWS !!!!!!!!!!!!!!!!!!!!!

You finish drilling, then you run the logging suite..............THEN YOU RNS.

So it will be Heron next week with logging results and then Red Deer the week after with logging results.

There will not be any kind of news or oil show or whatever BEFORE logging is done.

Note down all the liars who posted about placings and dusters and permit problems........

Note them down - ignore them in future !!!!!!!!!!!

Both wells confirmed as still drilling towards TD.

Means both primary target zones not yet entered in either Heron or Red Deer.

Good update. Loads of cash on hand. Heron next week. Red Deer the week after.

Exciting 2 weeks ahead.

If it were the case, then wonderful.

Best keep the feet firmly on the ground.

Red Deer-1 expect dust. Heron-1 expect oil.

Thats a good position to move forward with, with upside if RD-1 comes in, but no disappointment if not.

What am I thinking.......

Red Deer-1 dusty.

Heron-1 has gone into the target zone over the weekend and is good.

Maybe ease the news out.......announce later this week Red Deer-1 duster but at the same time say Heron has had encouraging oil shows and currently logging........

Then logging results and oil discovery RNS for Heron-1 next week.

Heron-1 is worth 18p a share for MATD - that will do nicely.

And of course, if that Red Deer is not a duster, would be even nicer.........given thats worth 32p a share and more.