Member Info for SenatorPrime

Back to serious Investment discussion:

Abzzba - "MB & the presentation are quite clear, the only drilling this year will be the radial drilling penned in for H2 and this will be conducted by specialists, not DQE"

Exactly (and apart from the GOBI Well Testing of course) - That's why the Company aren't looking at any fundraise & being closest to the FARM OUT discussions, will be well appraised of the way forward to maximise Company Growth & Shareholder value.

Re: Candidates to carry out the Radial Drilling / Specialist work, I did think it may be Canadian Major Drilling, who have contracted with Petro Matad before. However, looking further into it, AntonOil or Sinopec/CNPC may be closer to the mark.

TBT - I'll set up a throwaway Email addy & liase with you re: Hamm's info - give me a bit of time to set that up

The recent Company presentation silenced a lot of the personal attacks TBT received re: Action against posters looking to MANIPULATE the SP for personal gain, through posting activity on these forums - I didn't hear the Apologies to TBT btw.

As the HEADER - I have is personal details, location in the UK and I'll look up his IP address again, which i have somewhere. Should be easy enough to identify & damned through his own posting, which can be screenshot, before he attempts to have it deleted.

We had all his nonsense pre-AGM - Reams & reams of it & 49 posts on a single day prior to the AGM (and his 'flopping' back in).

- After Buying back in:

"@

I think once the PetroChina payment issue is finally sorted, which could happen at any time, we should see a decent lift in the share price.

Then, if farm-out news follows — which I do not think is too far away given the bidders are currently going through and reanalysing the data — we could see a significant rerate in the share price"

Now the 'Flipping' back out and his change of tone - looking to RE-ENTER

Previously: HAMM - “Doc, you are wrong. I am not trading never been." - 8th Apr

Also HAMM - Also Hamm “Might have to sell half my shares, then buy back" - 5th Apr

'Oil Prices Rise as Israel Expands Lebanon Offensive and U.S. Strikes Iran'

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Rise-as-Israel-Expands-Lebanon-Offensive.html

LOL - if you say so!

*Note my ref: to 'Desperation' ;)

- RNS for 2026 Sales Agreement / Cash Lump Sum payment this week

- FARM OUT (although i suspect it could very likely be a BUY OUT offer for Block XX) by the Indians within the next few weeks

All against a backdrop of continued global uncertainties, High oil price projections going forward into next year, regardless of any conflict cessation or not & permanant Strategic supply shift dynamics.

'SUPERMAJOR WARNS: OIL PRICES COULD HIT $160 WITHIN WEEKS'

https://oilprice.com/Energy/Oil-Prices/Supermajor-Warns-Oil-Prices-Could-Hit-160-Within-Weeks.html

"Why plan anything if you are in close to agreeing a farm out? IMO it’s better to conserve capital and wait. They can review it in August." _ Agreed & people may want to consider that the Management are much closer to the actual talks, than random posters here & will plan accordingly.

I see the Dynamic Duo are certainly working hard to effect their Re-entries back - The company don't use the word "IMMINENT" associated with developments expected , lightly and hence those posters current anxiety in needing to buy back in - at others expense of course.

RNS "Imminent" (check the Presentation) - 2026 is lining up to finally be MATD's Year!

https://youtu.be/XOdNyxaQAmg?si=3RMwCZNu8WOfmy13

Back to the actual INVESTMENT discussion - Away from the transparent 'diversionary' tactics some posters are attempting, to get away from the excellent prospects of Petro Matad NOW and not past lamenting!

CaptBuckyOHare (post: 18:40) - My thoughts but I expect the Indians will want a bigger part of Block XX, with the current global situation, hence the 'Reprocessing of Seismics' after their already established Proposal and I wouldn't be surprised (high chance imo) at a BuyOut offer from them.

Teabag (post 18:25) - Yes, all coming together on the OIL & RENEWABLE fronts. You'd expect those big Arab Investment Funds (and Chinese) to know a lot more about prospects than the posters here, hence why they're still lined up for the Projects!

I doubt I'm being bthe disingenuous one here - Previously cash positions were indeed enough to cover operating expenses but not the extensive drilling campaign and against a backdrop of a much lower revenue stream (if at all). We currently have a much higher production, a much higher oil price & with low level activity already covered from previously ex GOBI.

I tend to agree with Gadgie when he states - "more about MB knowing Farm Out is about to get signed and then it's Drill Baby Drill fact they completed seismic and are going thru data supports my theory"

If you don't agree & believe MB was lying, fine, stay out - However, the Sales Agreement RNS is "imminent" regrdless & I expect the Farm Out confirmation too.

Also Note:

With NO FUNDRAISE CONFIRMED, those using a 'LAMENTING STRATEGY' in their posting perhaps should take heed - It's quite a POINTLESS way of INTELLIGENTLY looking at a stock.. This is an investment proposition with significantly different variables in play than in the past. Assess it as it is, based on those specific Investment criteria & not some meandering litany, often masking a selfish trading agenda (Master & Hamm take note)!!

For 'GENUINE' investors

- Main HEADER point NO FUNDRAISE! We're producing now & have limited Operational expenditure

- 35,000bbl Cash sum due soon at premium oil price

- 2026 Sales Agreement "imminent" & linked to above point

- New 3d Seismics - Shoot Now & Pay Later

- Block VII Farm Out expected THIS YEAR

- Block XX Farm Out onngoing with main counterparty serious & Global situation attracting much more interest

- Renewables project ready this year on 2 Projects & looking at 'Flip' strategy & considering 'Special Dividends' on them

Bear in mind re: GOBI, If any company had a Well drill with a greater than 50% COS, investors would be all over it - welcome to GOBI, where we're looking at a resource potentially 150% larger than the current Heron!

Most not priced in at all!

Looks like certain 'underhand' characters are panicking about their Re-entries again, given we should have the 2026 Sales Agreement linked to the circa $2 Million Cash lump sum & following Production revenue payments - "IMMINENTLY" (not any posters words but directly from the company)!!!

Anywhere between a multiple to 1000% increase! :)

Jimmibrush - "Notice the rampers detracting away from the decline in production levels"

That's usual well output decline and now stabilised right? Genuine holders constantly refer to current production / Revenue - What else do you want? Grow up please!

Btw Radial Drilling - was it upto 1000% increase but let's just call it a multiple ;)

Hamm - Do you really think Mike Buck has been paying people over the years to 'ramp' the stock? You realise, he's hard pushed to put up even a modest X post!!

Please grow up & stop trying to divert away from your own notorious FLIP-FLOPPING. Perhaps let's post on the actual INVESTMENT and provide verifiable links where appropriate. That doesn't include reams of Spamming posts, lamenting about the past btw ;)

We can start with your own statement - ‘Guys! This is a binary bet now, it’s either a Farm In or a raise’.

Well, there's NO FUNDRAISE, as confirmed by the AGM Presentation, which saw many trolls getting the rug pulled from under them. The Main Farm Out counterparty is still very much interested (ref: Presentation & RNS) & we have even more interest and a very bullish oil price venvironment (see header & link provided earlier).

In the meantime, Production continuing & expecting an "imminent" RNS & cash lump sum payment. I expect the FLIP will FLOP back in very soon indeed ;)

"Hopefully the Petro China oil sales agreement comes in 2-4 weeks with oil $100-120$/barrel"

Funnily enough, we'll likely be better of monetarily if it does indeed hold off for a few weeks. TeaBag. However, Buck/The Company don't use the word "imminent" lightly & so we're (likely) looking at days.

They were indeed covered for operational overheads but not a drilling campaign, needing approx.$3M per well.

We're now at a point where we have a decent Production to see us ticking over until conclusion of the Farm Out, which should cover both Drilling Costs AND a cash payment for historical spend.

Now, if you don't thjink the farm Out will happen, go look for an alternative investment prospect - Bye!

In the meantime, other news to be RNs'd imminently & the other developments discussed. Atb & keep up!

- Bear in mind GOBI has a greater than 50% COS (according to Buck)

- RNS on Sales Agreement / Payment "IMMINENT"

- The Main Counterparty certainly wouldn't be continuing with the Seismic reprocessing, if they weren't very interested - I don't actually think it's about a Farm In for them anymore & the additional checks will be linked to a Buyout offer for Block XX (no approach made yet).

- Major uptick in interest from other parties, low cost operations & overheads covered

- Block VII Farm out also expected this year & 2 Renewable Projects ready to 'flip' for the $50K-$100K Development premia

I expect the hard bounce anytime & hopefully before the troills can effect their Re-entries, before thev "imminent"RNS!

Original article links, for those 'genuinely' interested:

https://oilprice.com/Energy/Oil-Prices/Supermajor-Warns-Oil-Prices-Could-Hit-160-Within-Weeks.html

https://oilprice.com/Energy/Crude-Oil/Chinas-Return-to-the-Energy-Market-Could-Become-the-Next-Global-Price-Shock.html

Sobering outlook!