Member Info for SenatorPrime

Mannan didn't you used to post as 'Flying Squirrel'?

Apologies if i got that wrong. Back to my own stock now as busy things there.Atb

The FARM and/or OPERATIONAL UPDATE RNS (inc Gobi), should be landing within the next 5 working days or thereabouts. We only had the MRPAM meeting on the 5th March, so perhaps consider that.

Weather conditions opening up for Operational start up & GOBI (paid for) referenced for APR start in the Oct 2025 RNS

All systems Go within the next couple of weeks. You're welcome to supply your own research / Assessments btw Climbing Wooster ;)

"I really can't believe we have no RNS"

I can and for the reasons already covered in some of the posts you're disparaging ;)

Brent $108 (and vrising)

1) Case for Farm Out pre-GOBI

Disscussions nearing completion and ready for start of new drilling season, within next couple of weeks.

2) Case for Farm Out post-GOBI

Clarity on Gobi prospect & tying in with Buck's comments that BLOCK XX has to be considered in its entirety, due to structure of PSC etc.

WIN/WIN effectively, with GOBI expected to start up 'within' the next couple of weeks (ref: Weather & OCT 2025 RNS) & considering the Asset values with or without Gobi, indicating the obvious SP disconnect & 'Nothing priced in' for Gobi

HERON - $150M-$200M (according to Buck) 'in ground value and using the lower end figures of resource size & 'in ground valuation' per barrel

GOBI - $225M - $300M

HERON + GOBI - $375M - $500M.

Note: In ground asset values use a $3-$8bbl figure. Resources actually producing, give Petro Matad a c. $40 bbl Net Payback

Zero Debt/ 100% Owned, Near term operations paid for & Revenue generating already - Risk v Reward & huge SP Disconnect are obvious.

These are operational activities are already paid for & Petro Matad are now being paid 100% of due revenues, accumulating over the preceding months from ongoing production.

GOBI isn't a 'Wildcat' but has proven hYdrocarbon presence, with the Well testing required for assessing whether commercial - Nothing priced in with a potential 150% larger resource than Heron, which is valued on its own at $150M-$200M 'in ground' and not extracted value, which would be much greater - Current Mkt Cap $28M

Transformational Farm Out discussions moving to conclusion & a very exciting GOBI works program about to kick off.

GOBI Re-entry & Flow Testing about to start up and a very exciting time ahead for shareholders.

- 'Temperatures are expected to exceed 10 degrees Celsius throughout Mongolia in the coming days.'

https://ikon.mn/n/3mhv

Temperatures in Eastern Mongolia (Choybalsan/Dornod) are currently shifting from to daytime highs of 8°C to 15°C. Still have night frosts but the ground is thawing enough to allow heavy vehicle movement & operational startup. Petro Matad usuallyy targets mid-to-late April for the mobilisation of service rigs.

Also, from the Oct 9th RNS - "Plans are being made to conduct this operation next APRIL at the start of the 2026 operating window.

Some £50K individual sells. The £453K was a UT

Either or any option, the current SP level doesn't look sustainable IMHO and fully do expect a significant deterioration of the price. Not trading, lookingbto buy or anything but a detached perspective only.

The Govt may be deliberately trying to squeeze it for an eventual 'effective' Nationalisation, with nowt left for any retail holding

I'd be worried about more extreme measures, that may result in retail shareholder value either being wiped out, or a new debt structure through funding, setting up for the potential for the same going forward, hence effectively divesting foreign private investors of any remaining value.

Seen that sort of thing effected before and unfortunately (but not solely) linked to companies from that side of the world.

Q2/Q3 should see phase 1 of the 200MW Hybrid Project confirmed as 'build ready', with partners already apparently having been identified / engaged with.

We may also see that 'flipped' for a $50,000-$100,000 per MW rate, which would equate to a nice $10M-$20M return!

TBT - "Great info. Renewables are a dark horse here."

Lots of the stuff is covered by NDA's but it tells you something, when you have China State Utility Companies like SPIC, setting up Agreements with SunSteppe & the $Billions being pumped into the space by the Arab nations, EU etc. We should start to see the results of the Renewables start to filter through and i think the JV arm will end up being huge.

I've made the point, if SunSteppe was an independent listed comopany on the London Markets, it would have a Mkt CVap greater than MATD's current one, with investors focusing on the massive growth potential in the sector, Key players & China's move to import Renewable energy to service domestic use & the rapidly growing AI Data Centre needs

Btw, Mr. T. Dorjhand, to whom the CEO of SunSteppe is a Special Advisor, has been offered the position of Energy Minister by the new PM.

As those following the space, he's a huge supported of Renewable sector growth with our SunSteppe CEO his right hand man, so to speak.

Investment Opportunity & Considering Baseline Asset Value / Zero Debt / Changing Geo-political supply landscape:

1)FARM OUT:

Major immediate re-rate & progression towards the eventual 5,000-9,000bopd full field development from an initial 1,000bopd baseline target for 2026 ie Cash rich & Exponential Growth, not even accounting for GOBI, Block 7, Renewables etc

2) No FARM OUT: Increased revenue from circa 300bopd with current elevated Oil price levels, GOBI well testing (paid for) in Apr/May, Slower strategy implementation for Heron but with 2 other potentail Farm Out Parties still in the mix, possible limited raise to try to get another Well onstream

I think that's all pretty clear & doesn't need a single individual spamming the BB with AI generated posts, to effect a FUD based trading agenda, when he's already clearly stated this is a 'no brainer', 'dead cert' or whatever he comes out with on any specific day (or intra day).

The Opportunity is the very obvious Disconnect between the Mkt Cap and 'in ground' Asset value, Very clear strategy for exponential growth in Revenue & one would reasonably imagine associated SP and assessing the likelihoods of the 2 above outcomes, based on advanced stage negotiations moving towards 'completion' and within the current shifting supply prioritisation climate.

As the Header & beyond any political commentary or Hamm's shameless BB machinations. The former have their place in the right environment, the latter is what it is but recognized by most here.

The INVESTMENT:

Asset Value 'Oil in Ground' valuations (circa), based on $5bbl & $8bbl figures & with Current Mkt Cap circa $30M - Zero Debt/100% Owned

Heron - 8.8p to 14.1p. Mkt Cap: $160M to $260M

Heron + Gobi - 22p to 35.2p Mkt Cap: $400 to $650M

The FARM OUT:

- Feb RNS "Discussions with one potential farm-in partner for Block XX are NEARING COMPLETION and we are pushing to COMPLETE negotiations in short order."

- MRPAM 'successful meeting' which would have signed off any 2026 Works Program

Btw, "75% reduction in power costs versus diesel generation to date." since Dec 2025 connection of Heron 1 to grid

https://x.com/Petro_Matad/status/2038985694677250072?s=20

Improves cost profile across Heron, with wider grid connection adoption across new wells.

Brent $118bbl atm and rising!!

"TBT, oil might hit $200. But do you really think it will stay there?"

That's a good question and I'd still view the outcome as elevated prices for a significant time period, albeit at a lower level to the (possible) $200 or more accurately $150-$200 being widely touted.

The problem in outlook that suggests a stabilisation to levels around $70-$80bbl (the latter being what i suggested earlier), is the uncertainty that still remains around control of the Hormuz Straits. If Iran retains control, it could & like;y would, impose additional charges on ships transiting through the channel, hence effectively increasing the oil price.

We also have strategic oil supplies needing to be built back up, reduced production due to infrastructure losses and additionaly, the potential of Kharg Island facilities being destroyed, directly impacting China imports supply, which will have to be sourced from elsewhere, hence a further supply pressure impacting global prices upwards

Thanks Dan re: further info on the GOBI etc

Basically, it comes down to the following and directly quoting from your post:

Finding migrated oil in a well therefore proves that:

• A working petroleum system exists in the area (source rock + migration path + reservoir).

• Oil has physically entered this specific reservoir formation at this location.

What it does and does not mean in the Gobi Bear-1 context

• It confirms presence: Petro Matad’s geochemical study of the cuttings explicitly concluded that migrated oil is present in the reservoir section (the Cretaceous Lower Tsagaantsav sandstones). This was a material positive update after only faint oil shows were seen while drilling.

• Quantity and producibility remain unknown:

Certainly a very exciting prospect & with the further clarification, via Well Testing, scheduled for the start of the drilling season ie April-May. I'm sure interest in the operations will only increase in the coming weeks.

"Doc is happy here because he’s no longer the biggest scumbag on the bb."

Ditto, Hamm the Spamm aka Mr Flip Flop takes that hands down ;)

Back to MATD!