Member Info for StockMaiden

Funds are tight, they could require more funds depending on the level of modifications needed.

"Equipment hasn't moved from Gobi or H2 site"

MB did say it will be a quiet year.

H1 will be no where near as previous heights of 821bopd per day.

When that RNS lands I wonder by how much the SP drops

All in my opinion

How many years has it been since WRAZ16, trigger for the SP crash from 5p to sub1p?

It wasn't myself or Mike who had caused the SP to drop. In fact, Mike tried to warn you all and was spot on calling it right.

The gas could be just another smoke and mirror situation. Be warned.

Another company name change could be coming!

I'm guessing it ends too, the SP rise.

Nothing of substance. H1 uncertainty remains.

Surround...

Yes, by entering the TG group, you are a piece of meat surrounded by wolves....

The TG groups, why would anyone want to walk into the crooks den to be persuaded to buy shares that you normally wouldn't buy under a normal circumstance.

The group are filled with coordinated rampers which would only highlight the positives, even fictional information. Anyone that points out would immediately get banned.

Sounds familiar to the ramping behaviour on this board, which adds absolutely zero value.

In my honest opinion

No.1 rule in business, you don't burn the bridges especially if it's a super power...

Perhaps Matad can go find an Indian JV now?

Oh boy...Matad is going to get caught up in this geopolitical mess...can forget all talks of Chinese JV imho

China has made it clear they are backing Pakistan. Not a smart move for Mongolia to be making deals with India right now.

Reference below:

https://youtu.be/m1gl7e6NUBI?si=LHnF1bhHksCE-ztE

https://youtu.be/J77OCWqnXmM?si=4WeF516MMLpDcxgr

China has chose to back Pakistan in the Pakistan Indian war. Mongolia are now trying to make a deal with India, relying them on the refinery. I wonder how would China view them. Doesn't bode well for a Chinese backing imho

"When the operating season starts in Q2, we have plans to conduct some relatively low-cost activities to reduce the Heron 1 operating expense"

Am I the only one who thinks this is a problem?

It's yet another tactic to stall and delay what initially claimed as an "cheap easy fix?"

13 March 2025

"When the operating season starts in Q2, we have plans to conduct some relatively low-cost activities to reduce the Heron 1 operating expense"

This is the latest update.

You think the CEO would prioritise remedying H1 and getting production figures back up for a revenue stream asap, but nope, he is looking to conduct more activities costing company funds to reduce the cost on something that is already cheap?

It just doesn't make sense. It's costing the company money and time.

MB could be missing the bigger picture of a JV while he waste time saving a few bob.

All in my opinion and DYOR

But MB said they will spend money on "low costs activities" to reduce the costs on an already "cheap H1 solution" but waste more time in the process rather than boosting production rate at the earliest possible time

These are his words not mine. DYOR

Remember MB indicated that H1 would be an cheap, easy and quick fix?

Well, for one he never mentioned the exact costs to fix H1. The definition of cheap can vary for different people.

Secondly, quick and easy fix isn't quite accurate either. The language had changed since the original RNS stating:-

14 Nov 2024

"to see if modifications at surface can be made to increase the stabilised flow rate."

16 Jan 2025:

Stable production of over 200 barrels of oil per day is being maintained. At higher rates, reservoir sands are produced along with the oil and the installation of sand screens offers a cheap solution to this and will be programmed for the spring if the well continues to perform in this way.

13 March 2025

"When the operating season starts in Q2, we have plans to conduct some relatively low-cost activities to reduce the Heron 1 operating expense"

So if it was a "cheap solution" as stated in the January RNS, why in the March RNS they are further conducting activities to reduce Heron 1 expenses?

So they are using more money on the so-called low costs activities to reduce costs on an already cheap solution but waste more time in the process rather than boosting production rate at the earliest possible?

You see any logic there?

All in my opinion and DYOR

"It's almost go time here! "

Yes it's almost go time for MB to raise via a placing. He needs the funds to keep this company going as well as his salary.

"company only just turned corner"

What a misleading statement!

There's still plenty of work to be done on H1, the only component that has a chance at generating revenue.

We still don't know how much is required to fix the well, or how long it would take, or whether it can return to previous heights of 821bopd.

It's more realistic to say Matad is in a make or break situation with all bets on H1.

What we do know is Matad has committed to heavy financial commitments on a new block, £14.9million over the next 8 years.

Factor in other costs like company expenditure, remedial costs, funds for other projects such as the renewable, I can say that future operational costs are extremely likely to exceed any potential earnings by multiple folds.

To say Matad has turn a corner is exaggerated in my honest opinion.

DYOR

Quick History:

These guys went from metals exploration, to gold exploration, then to oil exploration, and after oil proven to be non commercial viable as seen from WR16A, then are now talking about gas?

It really begs the question about whether there is an successful investment case here if these guys have gone through so many name change in the past

https://find-and-update.company-information.service.gov.uk/company/05356303

All in my opinion and DYOR

This has all the hall marks of a xxxx

Check the Company House GOV.UK

So many former company names now all dissolved

DYOR