Member Info for SenatorPrime

"We have our very own character “desperate Hamm”😆"

LOL!

Ties in really well with the local weather conditions,as referenced previously

MATD: Weather Update & Gobi Test Readiness 🌦️

Conditions in Dornod, Mongolia as of Tuesday, April 7, 2026, are now transitioning into the critical "Thaw Window" required for the new operational season.

Current Weather Data (Dornod):

Temperature: 12°C (Feels like 9°C). - Today’s High/Low: 13°C / -3°C. - Conditions: Mostly sunny; Wind at 16 mph (West).

Trend: Improving daily; highs of 12°C to 13°C forecast for the coming week

Operational Update RNS due, which should outline the forward Works Program, 'successfully' signed off at the March MRPAM Meeting.

Previous Operational Updates:

- FEB 2026

- DEC 2025

- NOV 2025

- OCT 2025

- SEP 2025

- AUG 2025

- JULY 2025

RNS incoming soon enough and very likely delayed due to closing in of the Farm Out deal, as communicated in the Feb 2026 RNS & highlightingnthe significant increase in Production Revenue for the peeriod, as well as the very exciting GOBI well test etc

When Nationalisation is on the cards, talk about asset values etc are somewhat irrelevant from a retail shareholder perspective. Anyone whose observed the machinations involved in similar moves will understand that. In the meantime, the share price essentailly a falling knife and the funding requirement still outstanding.

Nice one Dan and as you stated yesterday, referencing the Satellite imagery - "Movement detected - Gobi, Gazelle, Heron-2"

All consistent with the improved local weather conditions, heralding in the new drilling season & the company entering into a transformational period, which should see a major upscaling in Production - Revenue & share price.

Everyones welcome to look topwards alternative investment prospects as a more productive application of resources, beyond flip-flop spamming of personal angst ;)

2 week ceasefire, as per the header & an immediate opening of the Hormuz Straits, to ease global oil supply bottleneck.

I reference the respective plans put forward, as they're worlds apart at this juncture. My own view is that this is a 'strategic cessation', primarily to ease the global oil supply situation (from the US side) / re-supplying etc, before a renewal of activity IMHO!

Brent between $93-$94bbl, which from a wider macro economic perspective and not just Petro Matad specific, is probably a good thing. I expect prices post conflict will likely sit around the $70-$80bbl, still providing a very buoyant environment for oil producers like PM.

However, the Geo-political strategic supply landscape has fundamentally changed and will play in strongly towards alternative supply routes & speeding up of the Renewable shift, again both favouring Petro Matad and shareholders.

"Hitting 17.5p is simply not realistic"

It's hit that in the past!

Kharg Islands already been hit today. If the US carries through with threats to destroy the infrastructure, the financial implications for the Regime will be dire and by extension, their ability to sustain their currentnagenda of regional influence. However, the everday living conditions for the Iranian people will also be dire as a result.

Talks ongoing and probably with greater intent, i assume.

FARM OUT RNS deatails? - c.$20M for a 30% stake, with an agreed additional sum to cover some historical costs & targeting an initial production target of 1000bopd, as part of full field development eventually targeting 5,000-9,000bopd.

The Zero Debt structure would realize a healthy Net Revenue, based on the $40 Net Payback, off a $70bbl oil price, increasing with the Refinery opening.

Then of course, we have Renewables beginning to return revenues, with a very healthy funding environment, as demonstrated by the USD Billions already moving into the Mongolia sector for that & the potential Multi-billion bbl Block 7, with a China Farm Out partner process already active.

Pretty self-explanatory Opportunity case.

Operational RNS shortly - I believe they'll just be waiting on the Farm Out deal closure, as referenced in the Feb RNS - (negotiations for) "farm-in partner for Block XX are nearing completion" - Feb 18th

The Winter thaw, opening up the new drilling season & Dan's reference to satellite imagery suggewsting activity at the main current operational sites - "Movement detected - Gobi, Gazelle, Heron-2" - underpins the start of the new drilling season and imminent RNS.

Developments & very real uncertainties playing into that, as well as any eventual placing will no doubt be at a material discount to any prevailing share price. Classic 'falling knife'

All support levels broken through & the most tangable level would be the only applicable support we can reference at circa 17.5p.

Nice one Dan!

Back to IMMINENT developments.

Here's an overview of local weather conditions and linked to the start of Operational activities at Heron. I used AI to collect the info:

MATD: Weather Update & Gobi Test Readiness 🌦️

Conditions in Dornod, Mongolia as of Tuesday, April 7, 2026, are now transitioning into the critical "Thaw Window" required for the new operational season.

Current Weather Data (Dornod):

Temperature: 12°C (Feels like 9°C). - Today’s High/Low: 13°C / -3°C. - Conditions: Mostly sunny; Wind at 16 mph (West).

Trend: Improving daily; highs of 12°C to 13°C forecast for the coming week, though overnight lows remain slightly below freezing.

Operational Context:

Gobi Bear-1 Timing: Per the October 9, 2025 update, Petro Matad specifically deferred the Gobi test to "next April at the start of the 2026 operating window." (also note the wider discussion over the weekend relating to the April timeline mentioned in the Oct RNS & the schematics in the Dec update).Current daytime highs above 10°C are ideal for the mobilization of service rigs and fluid testing.

Historical Precedent: The drilling season in the Tamsag Basin traditionally ramps up in April/May as the ground thaws, concluding before the winter shutdown in November.

Conclusion: The Winter wait is over. Temperatures are hitting the "sweet spot" for mobilization. Expect an OperationalUpdate RNS any day now & with current operational activities related to GOBI, Heron 2 & Gazelle, already covered & the Farm Out deal 'closing in' to conclusion.

Just a quick one on Renewables. Keep your eye on the ball there, with the 200MW 'ready to build' coming up & financing partner discussions on the renewable front having been entered to at the highest level, for some time. Also, the obvious & developing strategi supply shift taking place, due to Geo-political developments.

'The Iran War Has Finally Exposed Japan’s Achilles Heel'

"Tokyo is adopting several measures to lower dependence on the Middle East. First off, there is renewed pressure to accelerate the transition to renewable energy sources"

https://oilprice.com/Energy/Energy-General/The-Iran-War-Has-Finally-Exposed-Japans-Achilles-Heel.html

Note: SunSteppe has close ties with Japan,has been a recipient of the $4M Green Hydrogen grant (with another one in the works) & with Japan, Korea & China looking to be the main (Export) recipients of the Renewable export program, with SunSteppe right in the middle of ongoing developments in negotiating the deals, via the CEO's position as Special Advisor

Latest - "Donald Trump has said the Tuesday deadline he has set for Iran to make a deal is final, adding that Iran’s proposal was significant but not good enough, Reuters reports."

Thanks Gadie!

"for the most part of 2026 it will be the same, as there are no catalysts, which can substantially affect the share price"

Remarkably ignorant and not worth any further response tbh.

Hope vevery had (and is still having) a good Easter Weekend. Hugely exciting period of activity going forward.

I also think Trump's positioned to hit their infrastructure, thereby neutralising the ability to restock / rebuild their war machine and everything that entails.

However, even if he doesn't and a deal is reached, Oil prices will likely be significantly elevated going forward for some time, with emergency reserves & other already damaged infrastructure in the Gulf etc, needing to be rebuilt.

Btw and slightly digressing to Renewables: 'South Korea to send special envoys to Middle East' - "South Korea, Asia’s fourth-largest economy, imports nearly all of its energy needs and sources about 70 percent of its crude oil from the Middle East."

The main intended recipients for the Renewable Energy export initiative, spearheaded by ACWA Power-SunSteppe, are China, Japan & S.Korea, that I'm aware of. ACWA developments should be filtering through at some point, along with the 200MW hybrid update, with financing partner structures & moving towards 'project ready' status Q2/Q3.