Member Info for Ra11adw2

End of September we will know if this is going under 1p, massive placings or admin. Well not Admin! They are fully funded for Heron1, heron2 and Gobi and they have some cash left over, not unlimited. Thats a fact.

Unless Heron 2 and Gobi are both are delayed for whatever reason, we should get agreement signed to sell and move oil. This is yet to be seen and should be in final stages, as you can see from the RNS and people like master on here who share information from social media and articles.

If we had this already and all the permits, this should be over 4p+ at least! Thats my opinion and a general opinion of many here.

Forget the seller, seller is not going to stay for 6 months, 1 year or a decade which has held the operation's back. We have several catalysts by end of the September which can double or triple the price from here!

Yes you have heard all this before, but now its different because for 10 years this company has done nothing! Soon as they got permit, they drilled heron1 and got 800+bopd!

Now wait for Hero 2 and Gobi, 1 month left!

Just from Heron1 good news, the markets and traders just gave pump and dump thats what it look like. Whatever you think of the news average, good or amazing after a decade of nothing, it was fantastic news considering.

Heron 2 may be pump or dump again, or may go above and stay around 4p-5p this time. Gobi wild card can push it couple pence further. Or make up whatever prices you want, should not be under 3p.

Or it may stay under 3p no matter what news we get, without all the signed permits which would be ridiculous. The way market is viewing this stock would not be surprised. Fully funded for everything and near 0 debt.

We need those permits signed, all of them. To move oil and sell oil, mongolia need that oil and share of the money regardless how slow or corrupt they are. Petro Matad management same thing, everyone wants to make money including shareholders.

We just need this investment from singapore to come and then get drilling dates + other investments as well possibly as stated in RNS. Share price goes up to new level.

The last 1 year this has been trading between 0.7s and 0.10s, sometimes higher depending on news/pumps. Last 5 years lowest it went to was 0.6s, but was much higher overall.

That placing in Feb 2024 killed the trust and share price first time went to 0.5 area. Everyone was mad when that happened because it rised before placing came.

Now its just believing cash and investment comes, if it does with the name change which is done, this is going high depending on the deal and cash given.

Mongolia is a landlocked and hard country to enforce laws quickly, CEO being poor or useless or being good has no impact if mongolian goverment take forever on every legal part or approval.

Yes CEO should RNS more and be more detailed but apart from that what else can he do? This is AIM with no revenues, all companies with low cash or high debt dilute and place thats the standard process. Petro Matad thankfully 0 debt and are fully funded all operations with some cash to spare.

Classed as 2nd world country, even though has corruption, crime and bullied and scared of china and russia. With petro matad acts like a third world country the time it takes mongolian government to approve permits and laws.

As soon as this company chose mongolia as base of operations and revenues, it decided its fate. Its all on the mongolian government and what they do.

We got good news heron1 800bopd+ with no other info apart from Heron 2 drilling and Gobi done in September to hopefully get thousands of bopd.

We still need agreements to sell and move oil, without this we are nothing, we just look at all that oil. September is now the timescale for everything it seems, 1 month to wait after 10 years, patience!

Thats fine i understand your view, but can you state your stance. You are the only one I see that posts bearish and unhappy posts. I do not care for rampers or trolls.

Do you not agree production + any good news this pumps 50%-300%, yes or no? Do you not agree there is potential? Forget about the past, dilution, promises, management.

Are you bullish, neutral or bearish?

Are you bullish or bearish ranger, all your posts even last 2 pages are angry or bearish.

I couldn't care less about the past or if people are holding or down from high share price. We have all been there, this is AIM market with dilution and bad managements. Being unlucky or over promises.

You take profits or lose it unless company has no debt and lots of money in the bank and multiple catalysts that can hold the share price stable.

Why else would the management buy randomly after 3 years? To mess shareholders over? They already have its basically at 0. They clearly want to make some money.

You are going to lecture people on putting share price numbers when we all know what everyone’s saying. This company is hopefully producing in September.

You really going to sit there on your laptop/phone and say if we are producing in September this will not pump 50%-300% at least? No chance? Really?

Fair enough I was hoping higher but will take 100%-300% at least minimum.

The inside buy is interesting large amount of shares in August for unknown amount or given free however you want to see it.

Last buys 2021, 2020 and mostly 2019 when they Actually paid 4p, shows how this share has been destroyed and diluted since then.

So he clearly buy this many shares to make money even on a pump. Its been 3 years since anyone brought shares and now with production in September, makes sense hopefully so we shareholders can win for once.

*02-Aug-24, Christian Yates. Buy 243,172,784 and now holding total shares 23,038,575,407.

If they are in production September whats the highest the markets will take this?

Forget 5 years ago it was around 2p, 1 year ago was 0.0002 but gone all the way down to 0.0000 on my app, LSE stated (0.0034) and stayed here for a while.

Whats everyone’s price prediction back 0.0002? From 1 year ago possible or higher?

Remember Mongolia is a landlocked developing big country with only around 3 million people.Reason why the permits etc take forever is because Mongolias rules and laws.

Not just petro matad management being slow or useless, the mongolian government are also at fault, but they want the money too with good reputation in international community.

Mongolian law is based from centuries ago, only last 2 decades they have moved to be become more democratic and open to market and relations. This takes time to happen and everything is still not perfect regarding moving to modern rules and laws but they are trying.

This is why petro matad is able to do all this drilling, gets permits approved and is able to speak to government.

Yes it’s taken time and is still taking time, at least progress is being made. Otherwise it would North korea and locked up for even asking questions, or nothing gets done.

Just ask your self 1 question does the mongolian government and petro matad management want money? Of course they do and they want it fast. Just taking loads of time whatever the reasons are.

1p+ still possible or buyout? Or going de-list?

Actually I just want to know when it pumps next its due soon prems been going for a couple days/weeks.

Does anyone seriously care about this company anymore unless you’re stuck at high share price.

Debt, management, dilution, production, who cares anymore.

Everyone just looking for 5%-10% pumps and trading it.

Wondering what bottom is 2.80s or 2.50s again, we have multiple news incoming next 2 months drilling heron 2 and Gobi + the important paperwork approved to sell and move oil.

Let’s see how next 2 days go but its end of the week + bank holiday Monday as well. Next week should be rise even if it’s very small.

This part below in the RNS is holding the share price back.

Commercial, good news, sellers, bad management whatever! We had really good news after 10 years we are in producer stage. Heron-1 800bopd, heron 2 and Gobi to be drilled August/September, high bopd possible.

However if agreements and paperwork are not signed, share price will stay below 3p. If we cannot sell or move oil its basically same as having no oil even if we had 9000bopd = 0 with no approvals done.

*Discussions with PetroChina and industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), on processing, transport and sales of Block XX production are continuing. The sharing of facilities is covered under an MoU signed with PetroChina in 2021 and is fully supported by MRPAM*

Looks like all my predictions next week or 1st week September were wrong, it came today! Who cares I am happy!

My last post on here being patient and reasonable. Then boom RNS!

Over 800bopd thats amazing! Just for Heron1! We got Heron2 and Gobi next! Massive revenues could be incoming!

Not happy with share price this better go to 4p today if not more at least, like seriously what is this price action.

A aim stock after 10 years hits over 800bopd and has more drilling and possible revenues incoming and does a slight pump.

I been in other stocks with less bopd, delays, issues, dilution, no cash and debt and they did 100%.

Petro Matad has cash and no debt and we get this! Go higher! Even if end of August and September Heron2 and Gobi news is amazing, i do not care this news deserves 5p minimum.

Let’s not forget its been 10 years with no permits to do anything. We got to this point because we are allowed to, otherwise no drilling, exploring or production. *received necessary approvals operational programme, and land certificates have been issued for three selected areas 29th May 2024*.

Regardless of promises, the Mongolian government had the keys, it’s not like Petro Matad wanted to delay it for 12 months never mind 10 years.

They want to be a success or at the very least make money like all of you! This is what investing or making a company is about. You decided to invest in a volatile risky and unregulated market, for how many years, how much you put in or believing in people thats on you not the company.

Now after numerous raises and dilution, we are fully funded with no debt. They can do all the projects Heron 1, Heron 2, Gobi and renewables with no restrictions. Share price can still reach medium to high levels, as stated I believe 5p-8p but that could be way too low if everything goes well but we would all take that!

Company set all the timelines and dates Since May approvals to do these things. They have been working and preparing for years. It’s only been 3 months, its like the company was just born couple months ago. Now soon could be massive revenue making company.

August/September to wait for production and drilling unless there are delays or other issues. Revenue making company in the making if just Heron1 works, 800bopd tested, i will take 300bopd-500bopd, then onto the next drills and explorations.

Thank you master, i guess you have the updated paid one. Please screenshot as usual.

I will make a prediction right now and will stick to it, not bullish or bearish, just for fun and see how far I am off.

1) No news this week and no bad news this Friday. Hopefully I did not jinx it.

2) Production/delay/drilling/agreement any possible combo news Tuesday or Wednesday 27th/28th august. Price rises to 5p-8p range at highest.

3) 1st week of September, Monday 2nd - Wednesday 4th latest to give news and RNS. This gives time for any delay.

Good luck all!

Master, what the exact co-ordinates for the satellite/map pictures?

Can you state here a post code or similar. I think I am looking at the right area not sure. On google maps of course.

Just to also say 12% down from 3.15p 1 month ago, down 25% from 3.70p 12 months ago, 66% down from 8.23p 5 years ago before covid happened.

Every metric we are down and undervalued according to the broker reports, as retail investors we know potential and its nearly happening.

We are much better position now, permits approved and fully funded for numerous projects creating revenue within next few weeks or months.

We just need the news something is producing and being drilled and once 3p is gone, we should never come down to 2p again.

Nice 7k buy, needs heavy or heavier buys like this going into next week will be positive.

3p-4p is not even double from 2.50p-2.80p, If RNS within next 2 weeks states Heron 1 production started + Heron 2 drilling + anything on Gobi. Even just heron1 producing should give 100% minimum. Will not make sense with loads of buying well for it to do under 50%.

Expecting 5p-6p anything less would mean production is very low. 800bopd was tested for heron1. Or other issues, cannot see what they could be as company fully funded.

Unless they say agreements are going smoothly and Heron1 will be on production soon + other stuff later thats like a delayed RNS.

How it can only do 30%-50% to 3p-4p on a very positive RNS I do not see it. It’s going 5p-6p even with dilution, it went to 7p-8p on nothing in 2023.

Thanks for that info Jarv on cash position and whats needed for investment/drilling.

Right now its all about the cash and investment, singapore investment firms are high grade they have tons of money and in this case state track record and experience usual fluff.

Now depends what the deal is and when and if it happens. Thats what everyone is waiting for to move the share price, investment needed to do drilling and make potential revenue, everything is on this investment.