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"The next flow rate won't be 800 plus barrels a day"

Exactly, the next flow rate be better closer to 200bopd. To get a flow rate of 1000bopd they probably need another 10mil for the work.

"Stock. It's clear you don't really understand matd. The next flow rate won't be 800 plus barrels a day. As you know full well. The company will SLOWLY increase the well flow with the rectification."

That's not what the rampers are saying though is it.

So not one of them is confident enough to accept the deal, says it all really

And by rampers I meant Wiseowlspeak, TenBagTag, and Abzzba.

And just to be clear we use the next RNS reported figure to decide the winner.

I'll make you guys a deal.

If H1 alone produces 821bopd or above, I'll stop posting.

But if H1 produces under the figure of 821bopd, then all of the usual rampers stop posting.

Is it a deal?

Cheaper than the £2million or thereabouts in the Matad bank?

Once again, MB has been hiding the flow rate figures which he could have provided in the last RNS together with the e-signature.

I won't be surprised if:

* H1 is still producing 200bopd

* H2 remains suspended

* Gobi abandoned

I wonder how the market would react for a flow rate under the initially reported figure of 821bopd.

All in my opinion.

Final flow rates should be no less than 821bopd

Anything under 821bopd would just prove that:

*Matad is incompetent for not able to remedy the H1 well

*Highlights Buck trying to mislead the market by initially putting out the highest figure and not the stabilised figure

*MATD & Buck cannot be trusted because the news announced always not accurate. It shows that their evaluation sucks

So until that final figure is released for H1, nothing has really changed.

DYOR

Anyone who’s been around aim long enough knows that aim stocks won’t be generating revenue for years. It’ll be raise after raise unfortunately.

For the record, Matd had spent 10 years plus in Mongolia and £174 million to date.

This could be another 'smoke and mirrors' situation until proven.

All you need to ask yourself one question, has money received in the Matad bank yet?

H1 alone won't be enough to cover for Matad's future operational costs.

DYOR

I still think MB will raise before releasing the final figures for H1. He wouldn't miss this opportunity for a cash call imho

Investors will be in for a shock in my opinion.

H2 and Gobi are likely to remain suspended.

- H2 commercially non-viable

- Gobi no oil show

H1 flow rate has been choked back to 200bopd.

I don't see it returning to initial rates of 821bopd.

Let's see how the market would react by then, imho

"This will give us a true indication of how much we have produced"

Indeed. They can't hide the numbers forever.

Wiseowlspeak says:

"Major RNS Update will be THIS Month!"

Wrong already. The last day of April is today, but I guess some people are too thick to work that out.

Anyone who’s been around aim long enough knows that aim stocks won’t be generating revenue for years. It’ll be raise after raise unfortunately.

For the record, Matd had spent 10 years plus in Mongolia and £174 million to date.

This could be another 'smoke and mirrors' situation until proven.

All you need to ask yourself one question, has money received in the Matad bank yet?

DYOR

Well the rise didn't last long, the SP has turned red again.

This is a make or break situation for Matad.

They only have Heron1 that has a chance of monetisation.

Their other projects, Sunsteppe, Gobi, Borzon are just there to give an impression of portfolio diversity.

In reality, Matad is a one trick pony and betting everything on Heron1.

The main talking point here, is that even if Heron delivers, it still won't be enough to cover for the costs of other operational programmes.

This is a cash burn and Mike Buck have stated clearly the financial commitments of Borzon, £14.9million over the next 8 years.

DYOR

Wiseowlspeak should change his name to TheFoolSpeak.

Whether 2.4p is a good entry or not would depend on Heron final results wouldn't you say?

What would happen if H1 final results massively below initial flow rates of 821bopd?

There could also be the need for a cash call.

DYOR

Interests are waning.

This will be a slow drift until MB announces the H1 final figures.

The people that have bought in at 2.4 pence could never get their money back.