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v o x m a r k e t s

But with no spaces between the letters..............seems like LSE has auto remove this word.

Bit of a comment from Malcy at 22:55 into the audio

www.**********.co.uk/articles/ascent-resources-malcy-on-eme-sou-rbd-amer-matd--a0e223b

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Manro, thanks for that.

Get the feeling either bad news Friday or good news Monday..... Which will it be if either.....

Coldjoe.

Different basins.............

SL have no effect on WH or Fox. Fox has no effect on SL or WH. WH has no effect on SL or Fox................drilling 3 different basins.

Thats because anything below 8.3p is actually a sell.

Why ?

Because spread bet companies base prices on the advertised bid/offer...........so all spread bets today are based on 8p sell and 8.4p buy...........

Actual real share transactions are in the 8.2 to 8.4 range.

Spread is actually 8.2 - 8.4

So anything below 8.3 is a sell and anything above 8.3 is a buy............roughly.

There has to be a news blackout as nothing is confirmed until logging has been done. This drilling rig does not have LWD (Logging While Drilling).

Therefore the logging is done ONLY after TD is reached. So until the well is fully drilled down to TD, no logging run will be done, so there is no news to report.

Its basically a tight hole in this situation, as nobody will be able to say anything with any real conviction until logging has been done..............and thats not done until the very end, so nobody can say what they have found until the very end.

They can get excited by seeing oil in the cuttings of the drilling mud returns yes........but that means nothing until logging has been done.

So just a case of wait. No news is indeed, no news.

Exactly.

The spud RNS said update when drilling operations are complete. So there will be no update on anything until TD is reached and the wireline logging run has been done. Then you get news.

Simple as that..........they could have struck oil in 5 places on the way down...........but nothing will be firm until the wireline logging is done and thats not done until TD is reached..............so no news until TD and then wireline logging has been run.

Simple as that. Just wait.

If they have found something of interest at SL-1 its a beautifully timed AGM meeting, they can release an AGM presentation with updates on anything they have found and implications for the up to 700 million barrels of leads in the immediate SL-1 vicinity.

Be lovely if they could say found 90 MMBO at SL-1 and also this derisks 700 MMBO in the surrounding area and we look forward to firming up more of the potential 20 billion barrels in Blocks IV and V with the upcoming WH-1 well..................boom..........over 100p in a flash............. LOL :)

Yes Mikey, I misread that part. Its 5m US$ back to Shell if farmed out, not for an oil strike.

Dont forget, if they strike oil at SL-1 or WH-1 they have to pay Shell 5 million US$ I do believe.

Part of the agreement with Shell when they dropped Mongolia along with many other countries after the takeover of BG...........if Petro Matad strike commercial oil at Block IV or V they have to pay Shell 5 million.

Simple way would be to scrap the Block XX drilling, as if you strike oil at SL-1 or WH-1 you have no further need at all for Block XX...........

:)

Hawkspear, they claim to be holders because if MATD do strike oil they will then try to forget all their previous posts and only look to the future claiming they were always holders.

If its a duster they will claim they were right and its bad and terrible just as they predicted......

Its all lies......if you think its going to be a duster, you sell now and buy back later after news.

Nobody claims it will be a duster and keeps holding on...........total lies.....

Who is lying ?

Lets say tender documents called for a 2000 horse power rig.

Petrochina said hey Mike, we have only got a 1950 horse power rig available.

Mike says....thanks but not thanks, out of spec from the tender...........lets do it next year then.

All legit :)

Willdone............so lets say the Verbier appraisal is going to be late, therefore Equinor are totally shot in their reputation.

Likewise Pip and Bigfoot are late, so therefore BP and Equinor are totally shot in your view...........

Oh my...............you really are desperate are you not............ :) I just laugh at the desperation...............

An interesting thing with MATD is the lack of coverage from any tipster, oil commentator etc.....

They appear to have got burnt by MATD in the past with the previous management and the incompetence at that time imo. This is the new MATD, new management, rebooted and going for it.

I am sure if MATD strikes oil with SL-1 and WH-1 they will all be jumping aboard and extolling the virtues of Block IV and V and the potential over 20 billion barrels of oil and that Mongolia is the new Saudi Arabia.

And if SL-1 and WH-1 are dusters they will all make comment that it was expected, this is Mongolia, nothing there really etc...

The calm before the storm.........storm of positive write ups and articles or storm of negative, same old crap type of articles.....

Just to educate the negative posters a little.......most Wildcats have CoS of 10% to 15%. This is because, you guessed it, they are Wildcats and no other drills in the area.

However, crunching the data shows that the ACTUAL strike rate for Wildcats is 30%.

Why then is the CoS stated pre drill at 10% to 15% but actual post drill there is an actual success rate of over 30% ?

Quite simply you are playing with statistics pre-drill and actual facts post drill.

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Block XX should be the final fall back position if SL-1 and WH-1 and Fox-1 all fail.

Then ok....... go ahead and drill Block XX for some production and cashflow.

Strike at SL-1 or WH-1 or Fox-1 and then its farm out time........... or appraise and firm up more and then farm out.

Lets not forget, Blocks IV and V have the potential for over 20 BILLION barrels of oil in place.

Similar in potential oil size to say the licenses of BPC............. we are talking massive potential and its why already the then BG farmed into these 2 blocks before being bought out by Shell and thus dropped.

Say that again.........over 20 billion barrels of OIP potential in Blocks IV and V.

Victor.

I posted on 24th of August and 28th of August that if Snow Leopard-1 were to strike oil I would prefer they scrap Block XX drilling.

Block XX is small compared to Blocks IV and V.

If you strike oil on IV or V then you can throw away Block XX.........no need for it.

Block IV and V maybe more than 20 BILLION barrels of oil potential. Block XX maybe 150 million barrels.

You going to spend money on the 150 million barrels targets (spread over many many drills)...which are only 70% COS ? or you going to start appraising oil discoveries in Blocks IV and V if you strike oil where there is 20 billion barrels in play..............

So, as posted long before XX was deferred............. my posts say that if they strike oil they should cancel XX drilling.............and now they have deferred XX (and may cancel it if they have a confirmed oil strike at SL or WH).

Based on that, I think its positive for SL-1 that they have deferred..............maybe they have lots of oil shows in the cuttings of the drilling mud and are confident on SL-1 now.

Worst case.............they will save money now as rather than drilling 2 wells on XX this year and another tender for 1 well next year............now they do 3 wells back to back if they do drill XX and so, save money !!

My preferred scenario........SL-1 or WH-1 strikes oil...............then MATD forget Block XX and save having to spend 20 million US$ there - and focus solely on appraising at Blocks IV and V