Member Info for SirBob

Or will we find out in a mornings RNS with the results due a week ago at last?

Last year, a number of Ned of year results and presentations…..this year nothing….I’m just hoping no news is good news

Before we even mention profit we need production and there’s still some points to clarify.

Formalities of licence how long will they take.

I assume (correct me if wrong) we also will only produce until Winter kicks in, so if formalities take a while will it be worthwhile starting to produce this year.

The reality no matter what rampers or derampers say, is it could go either way….with production we may finally see 12p plus talked on here for so long, production next year and it’ll be 3p area…..

Hopefully a quick update from MB will dictate which direction we take……a petrochina buy out is my preferred option ! Lol

Ultimately LP bought no respite……it’s high risk, although a bit less than before LP.

Being a producer of oil opens up a whole new ball game.

Cash raises no longer needed as oil production can be used as capital for loans etc etc.

Mike Buck at last fund raise also stated

‘ "This capital raise will allow Petro Matad to move ahead on three fronts in addition to the development of the Heron discovery where we are already fully funded to production start-up which is targeted for this year.’

Less money this time and possibly medium term hold depending what next few weeks bring…..but stil £36k in at 4p

In fairness he isn’t…….

However a placing is 50/50, I thought he’d raised enough to get oil out the ground and a second drill…….but surprise placings are not a new thing to Matd.

That said I’ve seen shares shoot up day before a duster and shares shoot down before strikes……so sadly Matd as unpredictable as ever.

I’m looking to buy more if Velociter a duster and it dips….

Hard life being a Matd shareholder…..

I did a lot of test buys yesterday and indeed very hard to buy , most I could get up was £3k worth and lowest price 3.85……compare that to when I sold 3m a week or so ago and sold the lot within 15 mins…….probably hoovered up by Mongolian cabinet ministers knowing they have to issue licence soon ! I mean it is corrupt Mongolia!

Is there not a chance this could go to cabinet and a land permit is issued with a condition that oil is not exported, given currently they need oil for their refinery when ready?

This surely must be the slowest and ungraded stock on AIM……and I’d swear it’s soo undervalued ……so I shall continue to watch the paint dry for now.

This is one of weirdest oil drills I’ve ever experienced, totally being over shadowed by LP.

Weird thing yesterday was that all 2.9m of shares I sold were hoovered up within ten minutes, and yet when I did a test buy later, literally 15 mins later, no shares available ……did make me wonder if someone knows somethings imminent….

Bluechipz - was £100k up a month ago - Arh the privilidge of hindsight …..

I’ll wait for an opportunity if one comes, although also go my eye on Boohoo (more to fall yet) and Enteq (possibly rise still a few months away)…….

I think I may just reinvest profit on this one if an opportunity presents itself….

I’m sure the LP will come at some point….good luck all…..this will come good.

Share trades are absolutely incorrect, I sold three lots of 500k this morning and

Three Lots of 250k and a couple of 150k and hardly any matching…..2.9m in total. Took 40k profit…..if I get a buy back in opportunity I’ll take it……if I don’t ce la vie. Good luck all enjoy the ride …

I have to saying does amaze me that after six months of certain posters saying licence this week or it’s already been approved have ‘neck’ still to be posting it.

Not even Mike Buck puts a time line on it (apart as a boost to share price when he’s doing a fund raise).

The last RNS said next RNS on spud pretty much, so I’ll be surprised if it even mentions LP . I sway towards a short term rise on SPUD.

But as I’ve said on countless occasions if a duster it’s all down hill until LP comes in and that’s a fact………although the happy ending is I think LP will come in Sept/Oct……giving us a year to get our rigs in place for the oil refinery opening in 2025……until then prepare for a bumpy ride.

Seen this so many times, RMP, RRL…. solicitors letters, someone offering to take them to court, never seen one success…..you play the AIM you accept the risks…. Simple.

Hopefully SPUD RNS in morning…..first action for some time for Matd and LP hopefully in final stages (have to have faith till we are RNS’d otherwise!

Good luck all ……not over till an RNS tells us so!

Now that is just scaremongering BP, we’ve plenty of money in bank after this drill. LP will come in next 3-4 months, Mongolians have delayed, but they’ll want us to get plenty of supply ready for when refinery ready.

Although I suspect production will now start 2024

Really don’t see LP coming with Spud announcement and I don’t see a crash either. Bad news already broken that it’s gonna be a bit longer for LP…..most of us expect 2-3 months, I mean they ain’t exactly rushed so far!

Best we can hope for is LP during drilling or an oil strike.

I’ve seen various SP actions during drills so anything could happen in coming weeks.

I don’t see 2p on Spud without LP, but I do on duster with No LP news.

Spud next week for sure I reckon.

May even wake up to RNS on it Monday……

Personally I think drop today is people cutting risk, it’s fast become, short term at least, oil strike or major share drop after the latest Land permit debacle .

Must admit I thought of doing it myself.

However similar to Master82, I’m gonna hold out for LP as I think it will come by October…..maybe sooner.

As for placings and company disappearing all scare mongering…..MG would get no foreign investment or take up of latest licences if they don’t issue our LP.

Imo my risks still the same as when I bought them and still up for now.

So on a more positive note, we are at or around the Spud - long awaited.

So who thinks it’ll be this week w/c5th and who thinks the following w/c 12th.

My monies on w/c12th…….let’s hope we have many pauses in drilling during

Getting to target depth to access areas of interest (oil!)….

I still stand by my personal view that the land permit will come in September so we can’t extract until next year, get the fields in place just in time for the refinery being ready the following year ensuring a good supply of oil for it.

What’s interesting in last RNS is it said mining dept had finished its paperwork for submission and the new dept is now redoing it all (a delaying tactic if ever there was one as any common sense would use comments already submitted).

So if mining dept had finished and was ready for submission that says to me the paperwork took 2-3 months and thus in theory that’s the max we should have to wait for submission to cabinet …..

It amazes me how rampers still insist it’s not being delayed on purpose. Funny how the pipelines got the go ahead so easily!

Also makes me think local govt has been instructed to delay it.

We will get the permit and I’ll be as happy as anyone if lands soon, but I think personally we are a few months away still.

Mike Buck should on behalf of shareholders not raise or drill further until we have the licence and are producing , once we have income we will be able to get loans to drill rather than constantly issue more shares…….as it stands if we hit at next drill we will have a long wait for exploitation licence which will once again restrict any share price increase as we’ll still be non producing…..