Member Info for Ra11adw2

1) How much investment does the company need if they get it and how much money will be in bank.

2) If they get the investment or part of the company and give timelines and plans great.

If they do not? We will have X amount funded and in the bank and do nothing in October, November, December? Or maybe slow planning with some RNS now and then, nothing that will move the Share price up.

3) Depending on the deal complicated or simple, I think 0.20s-0.30s is where it will go to, pull back and stay above 0.20s still better than here at 0.06s.

But it will stay in the 0.20s for example unless it gets worthy news next 3 months. So the investment is the share price pump, drilling Q1 2025 with good results which can take it to 1p+.

Right now we have nothing happening for last 3 months of 2024. Unless the investment comes November/December, we are still waiting few months while people trade this pumping and dumping every week/month.

Whats the seller going to really do to the share price, if we go to 10p, is the seller going to drop it 1p to 9p? Might take it down to 9.70p—9.99p max I say.

Meetings before end of July for agreement for sales and transport, nearly been 1 month since end of July no news. Could be just delaying so they can give big RNS production and agreement.

MID august well operations to be completed and installed, then heron 1 production start.

If you read the RNS sentence by sentence, basically next week they should be starting production if no delays or issues.

Monday bank holiday, September new month, first week of September at latest some kind of news should be released.

Or could be mid-end September, if production and drilling for heron1-2 is fine, the agreements could just be taking longer or they are solving issues.

Thanks pete, Actually answered and understood. Yes this platform even google does not show it highest it shows is around 0.075 last few days. My platform shows it hit, so shows on yours well thank you for confirming.

Eddie, i just asked a question random or not and there was no aggressiveness. It was a simple question. Which Pete understood.

To be even more precise does it show 0.08p hit at 08.09.12am, does that show and did it hit.

Let me re-phrase that has it hit 0.08p last 7 days multiple times. Even today it shows it 0.08p.

Anyone confirm this has hit 0.0008p in the last few 7 days multiple times. Whatever platform you are using it has hit 0.0008p correct?

Hopefully not Friday as its a bad day to give news, if it does not come tomorrow, then i rather have it come next Tuesday after Bank holiday Monday.

However because it’s Bank Holiday Monday next week, they may just decide to give news this Thursday/Friday. Not every time Friday is bad news, i seen a few good ones but do not want to jinx it.

Also the management clearly only RNS when they see its appropriate, many months pass with no RNS then comes a few, then back to silence again and repeat.

*the last piece is the agreement with PC to take the crude*

Pc, government, regulators, it’s all about money, they want this done, no one says no to money and they need it as well.

If it’s paperwork or getting things approved, then only time is the factor. How long will it all take and when will they RNS that at least heron 1 production and heron 2 drilling happening? Unless delays.

Retail traders buying in next few days/weeks can only do so much or push share price up a small percentage unless news comes in.

We may go over 3p-3.50p max, but then a good RNS will take us to 4p-10p range, must be very good to be in the 7p-10p range.

Mid August is this week at latest and next week is last week of August with Bank Holiday, Tuesday news?

Heron 1 should be in production now, Heron 2 should have started drilling as the next logical step. This was outlined in previous RNS and timelines as what will happen step by step.

However delays can happen or issues, thats why RNS should or could be imminent pump or not, expecting good news.

Thats why price is going up in anticipation or seller sold and naturally will go 3p+ end of this week that would bullish and add more 1p-2p+ to a great RNS.

*The contractor, PetroChina's well completion subsidiary DQE, has mobilised to site along with Petro Matad's team and is preparing to re-enter the well. The work planned involves a reservoir stimulation operation to enhance near wellbore drainage and the installation of the downhole production equipment. These operations are expected to be completed by mid-August*

Auto correction, for some reason every time i type Gobi it types Gibi, probably because i type fast as well.

You know some words, it just changes the letters like it does not like it no matter how many times you type it. Gibi Gobi who cares right now, right now we need Heron1 and 2! That will do for me now.

Also today was pretty good rise, let’s hope it continue. If we break 3p by end of this week, thats a good sign or least retail is very happy and expecting good news.

Everyone has their preference in investing DOC, not everyone has 5k,10k,20k,100k especially to invest in AIM stocks. Others put couple hundred or few quid.

I dislike averaging up unless it goes up a few cents, i use an online share averaging calculator. Also when I buy i always buy a good amount at what I perceive the lowest, then do small top ups if its near my average. Otherwise I do not bother and leave it.

Forget price targets for a moment, If you buy at 2.5p double is 5p, if you buy 2.80p double is 5.60p, depending how many shares you have the difference in profit is still big. Every pence counts!

I invest max £1000-£3000 on a few aim stocks to diversify instead of putting all in 1. Thats my limit for this market. It’s too volatile and you can lose it all! So i chose this strategy, its worked best for me.

Obviously pick stocks which are fully funded, small or no debt, have cash, have good management and multiple revenue making catalysts.

Petro Matad ticks some of these, but we need news within a few weeks even just Heron 1 producing will do for now. Heron 2 drilling and Gibi can wait, I just want a good RNS.

Just finished work was going to add in my lunch at 12pm, forgot now see its gone back to 2.80s.

If it goes down i will have chance to add more, don't want average over 2.60p.

If it goes up, well it should be 3p-4p right now even with dilution, fully funded and multiple catalysts within days, weeks or months.

Heron1 production already tested 800 bopd, Heron 2 production/drilling, Gibi drilling or other news. Should be 5p-10p+ whatever the markets and retailers take it when they RNS.

This is MID august the last week, next week is end of August and Bank holiday Monday. Either news next 2 days or it’s coming next Tuesday/Wednesday. Of course we have this Friday and next Friday for delays/bad news.

How many times have we seen Boohoo go from 20ps to 40p last 2 years? Many times, go count yourself.

This should be the bottom for this mini cycle, could go lower or stay around high 25p-30p.

Then move to 30p-40p area for a pump then back down again after few weeks or a month. It’s a lovely stock to trade, or even hold long term if you get some low 20ps or less and happy to wait few years.

Everyone here knows this a trading stock, thats why its so popular and with all the shorts as well. You know when it’s near the bottom, it will go back up again. Then repeat weekly, monthly, yearly.

Until Boohoo sorts out the debt and becomes profitable by making changes which it is doing, the stuff out of their control goes back to manageable, it will be a trading stock.

Master please do another image tomorrow with link, unless we get a RNS. Rather have RNS production started or on the way with negotiations went well or even delayed. Better than nothing till september.

Next week is the last week for MID August stated.

Remember we are fully funded to put Heron-1 on production, drill, complete Heron-2 and put on production, drill the Gobi-Bear 1 exploration well and develop renewable energy projects.

All happing between August and end of December 2024, should be happening sooner as long as no delays and problems.

Also to state Heron1 tests showed 800bopd flowing, so 300bopd is the lowest range and we can be much higher.

I do not understand whats to be disappointed about? They said 2 weeks so what? Loads of people waited 5-10 years, thats enough disappointment.

This is the AIM market, when someone says 2 weeks it could be 4-6 weeks or longer, might need more time or delays. Many companies do not even communicate or lie.

We have multiple revenue high/medium income incoming within 1-4 months if all goes to plan, key word goes to plan.We are fully funded for Heron1-2 and Gibi and renewables.

Now its just wait every week, RNS and company can be transformed to be profitable by end of 2024 and its a medium to high chance of this happening do we not all think or believe?

Let’s forget about characters and personalities. Everyone has been mainly positive especially more negative people, even then cannot blame them its been like 10 years of delays because of permits etc.

We need a RNS next few weeks, we are fully funded and just need Heron1/2 in production and agreement, so we can move to 4p,6p,8p etc.

GIBI news is extra and should push past 10p+ and would be amazing news.

The maps and other information shows so far drills have been made or teams have moved out, so new team should come in to continue or whatever.

They cannot be silent till end of September, either say delays/bad news or give a RNS stating Heron 1 production at least thats all want right now.

Doc are you alright you are Negative, Positive then negative all in 1 day. We literally have news coming or should be coming any week now August-September latest. It has to be within these 2 months.

Just waiting game, maybe for some too many years, but we have so many catalysts within 1-4 months. Heron1/2, Gibi and renewables.

Satellite images from master showing us whats happening. We can all make assumptions right or wrong. If a team comes in next 2 weeks then it looks very positive, if nothing happens or no team then concerning, but maybe delays because negotiations.

Just be patient till September, then everyone can have a go at management or government, 2 months without news when stating mid august, markets will not like it. Lets see what happens.

Hopefully all on production and RNS lands next week in first few days before bank holiday Monday the following week. Yes Doc thats what we need to see oil production.

I am more interested to see where the share price goes, imagine they say Heron 1 on production, Heron 2 drilling, some news on GIBI and it only goes to 4p-5p, that would be really annoying.

From 2p most still will be in profit but will be expecting 8p-10p+ nothing less. In 2023 in anticipation for permits and when it landed we went from 3p-8p area. We should be heading back there or something is wrong with the markets not Petro Matad.

Good job on the research and images master, unless they are digging to make sand castles or its someone else, then it must be drilling/production ongoing. Can anyone else think of any other plausible reason.

Next week is 19th August to 24th August, MID August stated will be affectively finished.

They either RNS next Monday 19th, 2 days later or 27th August which is the next Tuesday. Monday is Bank holiday. These are good days to RNS information.

Hoping for no Bad/Delayed RNS on Friday 23rd and Friday 30th August. As Fridays are seen as bad days and trades will be interesting to see. Only 2 weeks of August left.

So if nothing comes next 2 weeks good or bad, then September is the month and they will 100% RNS about Heron or GIbI/Renewables news.

They cannot say nothing for 2 months when Heron should be in production and possible Gibi/Renewable projects info should be released. Also they stated all their timelines for end of 2024, not hitting one of them would be a disaster. Oil is there and fully funded for everything.