Member Info for SenatorPrime

As stated and expected from an objective assessment perspective, with no tangable sign of resolution on the outstanding issues -

"As set out in the Trading Update announced on 1 April 2026, the Group's focus has been to extensively manage its working capital and costs in a difficult operating environment. This has included reduced working time for employees, ongoing cuts in procurement of goods and services and the continued suspension of all non-essential CapEx, overheads, and corporate social responsibility (CSR) spending.

· The Company continues to closely monitor its cash and working capital position and has continued to actively explore and progress a number of potential funding options, which could include an equity capital raise. At this stage there can be no certainty that the Group will be successful in concluding such funding options. If the withholding of VAT refunds continues and funding issues are not resolved in sufficient time, this could give rise to material negative consequences for the Group."

Krok - your comments on the MATD board suggest otherwise & on a very basic, 'knowledge of investment' level - MATD probably the best Risk v Reward play anywherev on Aim, but suit yourself with the ill informed viewpoint.

'Mongolia Seeks Renewable Energy and Green Technology Ties with South Korea'

https://www.montsame.mn/en/read/396037

China, Japan & Korea were mentioned as some of the main renewable export markets. Also notable that the article mentioned “Mining projects will further focus on reducing fuel consumption by adopting green energy solutions and electrifying equipment' - Something SunSteppe are also focused on.

I mentioned the 200MW energy deficit a fe days ago & the 200MW hybrid project approaching 'ready to build' in Q2, with talks having already having taken place with prospective partners across the project PF - A hugely exciting time for our Renewable JV to start delivering now, whether the $50,000-$100,000 per MW 'project flip' payments or external partner developments.

"Definitely the most undervalued O&G company on the AIM."

No mate, I'd call that on MATD tbh and for reasons I wont go into here, as it's the BLOE board.

That pest StockMaiden hangs about there too, so maybe follow the advice put forward yesterday & report all his posts. He really should be banned.

Gla

"Everything is still speculative, until they are proven." - You m ay want bto go back to the basic research & understand why MATD is probably the most underrated but best Risk v Reward investment Opportunity on Aim, imo!

BLOCk XX

Heron - Already a Proven + Probable reserve established, giving the investment a 'back stop' valuation & significantly (high multiples) of the current mkt cap on an 'in ground' valuation metric

GOBI- Hydrocarbon presence established but commerciality not proven, so the speculative assessment valid. However, nothing looks priced in either & with an projected 150% larger reserve, the risk v reward on it should be obvious.

BLOCK VII - Again, a valid assessment re: 'speculative'. However, the same geology is already producing on the China side and with a potential Multi-billion bbl resource (and again nothing looking to be priced in) the Risk v Reward opportunity is an obvious one imo.

RENEWABLES - When you have the EU investing USD Billions into the Mongolia Renewable space, ACWA Power looking to invest $10Bn and a possible additional $5Bn for Green Hydrogen, Other Gulf countries investing USD Billions into the space, Japan giving Sun Steppe a $Multi Million grrant - and the SunSteppe CEO being intregal to ALL of the aforementioned initiatives as the Govt Special Advisor, the Risk V Reward opportunity is an obvious one

Again, a 100% Owned Asset, with ZERO DEBT and an already PROVEN asset already producing and at a multiple valuation of the current Mkt cap + the so called 'speculative' components - simply put - HUGE OPPORTUNITY! imo

Krok, if you want in on MATD, just Buy it and stop the nonsense posting there lol - also a bit more research on it ;)

What’s the bid if Gobi comes in?

The following may put that into perspective - "Currently $29M USD Mkt Cap, so the market's fundamentally mispricing a lab-proven discovery that could drive a rerating toward the 22p–35p Net Asset Value (of Block XX only and excluding any Block 7 or Renewables component of the business)."

Bear in mind Hydrocarbon presence has already been PROVEN at Gobi - The upcoming Well Test is to establish commerciality from flows.

GOBI Overview

GOBI looks like initial activity at least, has commenced and based on satellite imagery. It's a high-impact catalyst targeting a resource 150% larger than Heron.

-Not a speculative wildcat; the October 2024 RNS already confirmed presence of migrated oil.

- Upcoming flow test idesigneded to confirm commerciality.

- Gobi's shallower depth historically correlates with superior permeability in the Tamsag Basin—the probability of a commercial flow rate exceeding 200–400 bopd remains exceptionally high apparently (caveat: not an oil Engineer).

Currently $29M USD Mkt Cap, so the market's fundamentally mispricing a lab-proven discovery that could drive a rerating toward the 22p–35p Net Asset Value (of Block XX only and excluding any Block 7 or Renewables component of the business).

"I suggest everyone reports him (StockMaiden) in bulk get him off this board - He's been doing the same on the MATD board. I think he usually targets BB's he wants in on!

:Bid 1.39p. Ticking up" - Managed to get my top up at 1.3975p and now full Ask at 1.45p!

Obviously, price can move intraday but happy with my buy, to add to my existing holding.

Interesting the way 'Central Asia' as a supply source, was mentioned multiple times in the article. Petro Matad pefectly positioned to benefit on the Hydrocarbon & Renewables side.

Just picked up some more stock for my PF. Nothing spectacular, but everything pointing to a hard short term re-rate & significant share price vappreciation going forward as the growth strategy unfolds on both energy fronts.

Just derisked 350k shares and put it into MATD. Riding this on a free carry now, so pleased enough with that position & looking forward to any / all developments.

GL all

The Takeover approach angle for Block XX is an obvious one (beyond the Farm Out talks concluding) & gaining increasing traction in the current, fast shifting political landscape.

Still expect the Farm Out but a takeover approach by Petro China would be no surprise at all, especially consideringbtheir ownership of adjacent Blocks 19 & 21!

Good to be holding MATD stock at this major juncture!

The article linked to was excellent and should be a strong indicator of what's been discussed here for some time, re: China's energy supply security strategy & regardless of the relative size of Petro matad's output, in relation to China's overall demand - People may want to consider the obvious going forward ie PRODUCTION IS LOOKING TO BE INCREASED SIGNIFICANTLY!

https://oilprice.com/Energy/Crude-Oil/China-Has-Turned-To-Central-Asia-To-Mitigate-Middle-East-Oil-Supply-Risk.html (again, for those wanting to read it).

'China Has Turned To Central Asia To Mitigate Middle East Oil Supply Risk'

'China is accelerating new corridors and reshaping its Belt and Road strategy toward SMALLER more resilient and geopolitically secure supply networks."

"China is similarly (like Japan) recalibrating its strategic focus toward Central Asia to mitigate mounting geopolitical risks in the Middle East and Russia."

"China’s Belt and Road Initiative (BRI) is shifting away from a single integrated system to fragmented "mini corridors" that prioritize stability over sheer volume. The BRI is increasingly breaking down into specialized, smaller-scale regional initiatives rather than monolithic, continent-spanning projects. This encompasses increased reliance on alternative routes such as the Central Asia-Russia corridor,"

TBT - "Japan has an acute shortage of oil. I expect them to bid for blocks 7 and 20. "

That's a really interesting perspective and not one that I've considered. Although I think China & India are the main frontrunners in the Mongolia (hydrocarbon) energy space, the Japan angle is a compelling one in the current shifting strategic supply landscape. I do know that the main recipients for the Renewable energy export markets do incluyde Japan, as well as Korea and China (obviously).

FARM OUT / OPERATIONAL UPDATE RNS(s) incoming as per the header and supported by satellite imagery etc

Exciting times for Petro Matad & Shareholders.

Would welcome any further info / research that anyone has on the developments linked to.

https://bloombergtv.mn/news/mnwv5p

I've managed to conclude the following and based on SunSteppe's first major Renewable project reaching 'Ready to Build' status around Q2, with private partner funding discussions across the portfolio having been indicated. If so, SunSteppe about to hit the ground running:

'The 200MW energy deficit; referenced in the Bloomberg article refers to a chronic supply-demand gap in the Central Energy System (CES). The 200MW SunSteppe hybrid project is designed specifically to address this deficit by providing reliable, grid-connected power that traditional intermittent renewables, like standalone solar, can't provide alone.'

"The US blockade is a joke, is unworkable, and just posturing."

I'm not a Military expert, as some posters seem to be, so will see how developments progress on that front ;)

Operational Update RNS expected as per the header & noting satellite imagery activity, along with thawed weather conditions in Dornod.

US implementing blockade now - Iran respond with threats as expected.

Referencing the article i posted earlier re: Iran's 'Dark Fleet', looks like any oil China was receiving from that backdoor avenue is about to be stopped!

Brent around $100 and expected to climb over the coming days.