Member Info for SenatorPrime

I really do wonder if they're going to receive a straight Buyout approach for Block XX. It's something we've speculated on for a while and the current global strategic supply shifts would play into that.

I'm not saying that will be the case but the operational works for Heron 1, Gazelle. Gobi etc would have been covered but no satellite confirmation of activity yet (that we can ascertain). Could be due to Rig scheduling or specific Farm Out terms to cover that work also - but does make me wonder if a Buyout approach is in the works.

All speculation of course and Farm Out process is what's 'officially' confirmed as development line being followed

FARM OUT - as per the header and as Buck said, a major re-rating catalyst for the company.

Currently pretty modest volumes but wont be the case on above conclusion and forward from that, as we look towards a major production - revenue upscaling & the start of the exciting renewable rollout / China export development news.

Thanks Abzzba - "Heron-1 continues to produce in line with Company forecasts and whilst this is the case and whilst oil prices are high, we are holding off any down hole intervention including the dewaxing."

Makes sense to capitalise on elevated oil prices, which should see a stabilisation - albeit at higher than pre-conflict prices - on conflict resolution.

FARM OUT News?

Any day now SM & the major SP re-rate Mike Buck mentioned regarding the catalyst for such. In the meantime and as TBT points out, money in the bank from production revenue & Renewable developments coming into play.

Btw, ACWA Power head is working closely with SunSteppe CEO, Zula Lavsandorj, as part of her position as Special Govt Advisor.

- Rio Tinto, via its Oyu Tolgoi project, is developing a Green Hydrogen partnership with Petro matad JV SunSteppe Resources.

- SunSteppe have received a $2M (need to check exact amount) grant from Japan for Green Hydrogen development with another grant expected

- ACWA Power are looking at investing an additional $5Bn into the Mongolia Green Hydrogen space, apart from the $10Bn Energy Export Infrastructure investment.

OIL & RENEWABLES - Many will start noting the underlying investment case building up here & with massive growth expected in the sectors & Petro Matad specific.

Header re: RNS & another overview of actual current situation, beyond the sillly trollish comments:

- FARM OUT discussions being concluded (as per official RNS), to majorly upscale Production

- GOBI Well Testing (paid for), with Hydrocarbon presence already detected & resource estimates (if commercial) 150% bigger than Heron

- ASSET VALUE (in ground) of Heron alone, (many) multiples of current Mkt Cap

- ZERO DEBT/ 100% OWNED / Already producing enough to cover general operating expenses off just H1 & Gazelle 1, with many, many more wells anticipated off Farm Out deal linked to forward development rollout

- RENEWABLES $Billions moving into the sector with Petro Matad JV (SunSteppe) at the heart of it & its CEO the Govt Special Advisor on Renewables, so perfectly positioned ex she negotiated the EU $2Billion investment & the ACWA $10 Billion, with the first Hybrid Project 'build ready' this Q2/Q3 & further details on Acwa's $10Bn Infrastructure initiative, for energy export to China (and Japan, S.Korea) - for which SunSteppe already have MOU's with China SPIC.

"We are making $20k -£30k per day. Zero debt to service. 100% ownership of blocks 20 and 7. Net cash. A large amount of siesmic already shot. The ability to increase production quite easily. A rising oil price. $175k to achieve 1000% increase in production" - NICE!

- FARM OUT discussions being concluded (as per official RNS), to majorly upscale Production

- GOBI Well Testing (paid for), with Hydrocarbon presence already detected & resource estimates (if commercial) 150% bigger than Heron

- ASSET VALUE (in ground) of Heron alone, (many) multiples of current Mkt Cap

- ZERO DEBT/ 100% OWNED / Already producing enough to cover general operating expenses off just H1 & Gazelle 1, with many, many more wells anticipated off Farm Out deal linked to forward development rollout

- RENEWABLES $Billions moving into the sector with Petro Matad JV (SunSteppe) at the heart of it & its CEO the Govt Special Advisor on Renewables, so perfectly positioned ex she negotiated the EU $2Billion investment & the ACWA $10 Billion, with the first Hybrid Project buildcready this Q2/Q3

Just for starters to address Krok's nonsense

US-IRAN Ceasefire About to Break

https://edition.cnn.com/2026/05/04/world/live-news/iran-war-hormuz-trump

Not holding kEFI btw, so unbiased in my opinion on it - just can't abide the trolls like Krok and co, that infest these BB's.

Atb & Gl genuine holders

Krok, been busy here & on the MATD board, looking for his own entry - these trolls!!

Re: News here, keep your focus on the base investment case imho, if you're an investor & not a short term trader. That investment case wouldn't have changed with todays equity raise or options.

Have a good day all

Ditto Velcoraptor!

Getting back to sensible Investment discussion, why they're desperately wanting in and the respective factors playing out globally.

Brent $113 but expect a retrace towards around $95bbl, with conflict resolution (eventually) and factoring in infrastructure damage to usual supply sources etc - All Petro Matad's metrics worked on a $40 Net payback off a $70bbl oil price.

MATD Mkt Cap - c.$30M

- Asset Value (Heron) - $175M-$480M (on a $3bbl-$8bbl in ground valuation metric) - Where do we think it may be closer to now, with the strategic geo-political supply shift?

- GOBI not included, Block 7 not included, Renewables not included

ZERO DEBT & 100% OWNED!

Pretty much sums it up - Excellent Risk v Reward - Already Revenue Generating & positioned for massive scale up on this (dyor - it's all there from Official sources and beyond the garbage the trolls are posting to facillitate their own entries).

Enjoy the day - good to be holding at this transformational period for Petro Matad.

https://oilprice.com/Energy/Crude-Oil/StanChart-95-Per-Barrel-Is-The-New-Oil-Price-Equilibrium.html

LOL, Trolls up early - must be really afraid of missing out on the major SP Re-rating expected here very soon.

They've been at it all weekend too ;)

Breaking - 'Fire at Fujairah petroleum site after drone attack from Iran':

"Fujairah’s Media Office says a “large fire broke out” at the petroleum industrial site in the emirate after a drone attack from Iran."

https://www.aljazeera.com/news/liveblog/2026/5/4/iran-war-live-tehran-says-trumps-hormuz-mission-violates-ceasefire

In the meantime and away from Hamm's Spamming efforts to relevant news:

'Iran threatens US forces in Strait of Hormuz after Trump says military will guide ships'

https://edition.cnn.com/2026/05/04/world/live-news/iran-war-hormuz-trump

End of ceasefire if so and i expect a retaliatory strike on kharg / Energy installations etc

Hamm - "there’s still no RNS confirming a farm-out" - That's right genius. Refer to the header & previous timings of AGMs for March-April.

I'd look at any expectation of a 'Non-Farm Out' would have seen a much quicker AGM. It wasn't and in fact put back, for what is likely timed for Farm Out completion conclusion - especially with a ith a FIRM PROPOSAL already on the table.

*Re: Your question on what constitutes 'firm' - the proposal confirmation was RNS'd, hence 'firm' enough i would think.

Carry on the BB spamming in the meantime. Most are already well aware of your despewration in Buying back in, for the aforementioned FARM OUT RNS, expected as per the header timeframe.

That one was for Hamm the Spamm ;)

Q. "Is the resolution to allow new share issuance a standard part of AIM AGM resolutions, even if NO placing is planned or expected"

A. "In short: YES, absolutely. It is STANDARD PRACTICE for almost EVERY COMPANY listed on the Alternative Investment Market (AIM) to include resolutions regarding the issuance of new shares in their Annual General Meeting (AGM) notice.

Even if a company has a "fortress balance sheet" and ZERO INTENTION of raising capital in the next twelve months, these resolutions are typically included as a matter of routine corporate governance."

Note: If they really needed to raise capital, the AGM to do so, would have been scheduled for the usual March-Apr time!