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Unwiseowl is trying to sound wise but anyone with a brain can see through him.

I bet he couldn't even find Mongolia on a map.

He doesn't understand China doesn't need Matad.

China already have Petro China and Sinopec. Matad is irrelevant.

For someone who barely managing to produce 200bopd and having bad support from the Mongolian Government, Matad couldn't save themselves, let alone supporting a nation as big as China.

All the talks about China needing oil from Matad is a work of fiction. Use some common sense.

Matad at their current circumstances couldn't support the local petro station. Get real.

DYOR

"The facts are clearly there for everyone to analyse and some just don't get it"

Exactly, 10 years plus in Mongolia and £174 million of funding couldn't get MATD to generate revenue.

What makes people think they can do it in 2025?

Especially when Heron are having issues as well as the e-signature.

Once crooks, always crooks. You expect them to change?

They are asking for an additional £14.9million after failing to deliver Heron.

Petro China must know they are crooks. Hence there has been no deal.

All the signs are there.

All in my opinion and DYOR

The cooks have definitely overcooked their pork pies and now they cannot serve the dish.

They cooks will ask the customers for more upfront payment to try the Bombastic Borzon menu.

Little do the customers know the new dish will leave them with an empty stomach and a sour taste.

2025. The year sheet will hit the fan for Petro Matad

*Cashless

*H1 maintain a flowrate of 200bopd

*H2 suspension

*Gobi abandoned

*No e-signature

*No Petro China JV

*Placing funds to commence work for Borzon

Shareholders will be left waiting another 8 years for the Borzon campaign.

Entirely possible given this is Matad.

All in my opinion

Reality is that MB have screwed many shareholders, and despite 10 years plus and £174 million of funds, they have not achieved a revenue stream. The Matad money has run dry and sheet is about to hit the fan.

Oracle Power is about to move into a turning point. Gold mines can value anywhere between £20 million to £100 million market cap depending on the size of mine, grade of gold, how easy to mine and type of JV deals.

To put into perspective:

A £10 million market cap would be 0.1p

A £50 million market cap would be 0.5p

A £100 million market cap would be 1p

GGP's market cap is £1.71b as of today.

Don't forget Oracle has other projects too and that's why it's difficult to estimate the true value of the stock.

DYOR

Just how thick can you get.

10 years plus and no deal, where's the deal if there's one?

Petro China is simply not interested.

DYOR

"It must be time to sell the current oil stock to one of the alternative buyers, PC cannot be trusted now"

All the evidence pointing to Petro China not interested in Petro Mata. Totally opposite to the narrative the rampers are trying to push.

This was always the case. JV talks for 10 years but no deal ever finalised

DYOR

Genuine holders should demand a full investigation into Matad.

1) £174million spent over the years and not a penny of revenue achieved. The accounts should be audited to see if they match up with the operational costs as claimed.

2) There has been numerous operational delays when the CEO have promoted "exclusivity and support" from the Mongolian Government.

Yet, in over 10 years investors are still waiting for first sale with no guarantee in sight.

The lack of transparency on the issues involved could be a strong case of market misconduct as MATD have constantly reassured investors and promoted the good connections with the Mongolian Government.

In reality, it is the complete opposite and investors were mislead into investing into the false prospect of the company.

Points for reference:

-All of the wild cat drills were off the mark despite investors being advised on 60-70% chance of success.

-5 years to obtain the land permit despite good connections with the Mongolian Government

-Payout to the local environmental protestors for land access were another company mismanagement which has impacted shareholders

-6 months and still waiting for the export signature

-In what appears to be an over commitment / shift of focus from Heron to Borzon. Investors original bought into the strategy of steadily expanding on the portfolio and becoming a self-funded company.

However, with Matad without even bringing Heron onto production, the CEO is already committing to a new block.

This does not go in line with the initial strategy of becoming a self sufficiently funded company. Matad just don't have the funds to be committing to multiple projects.

Intentionally or not, it has been a complete shambles for Matad and all the long term holders have lost money. The outlook is grim and trust is gone. Issues and uncertainties remains around the company's forecasted oil production and revenue. The strategy is poor and Matad have lost sight of the focus. They are over committing despite continued failure to bring on a revenue stream.

Meanwhile, they are hanging onto the approx £2million in the bank.

It's evident that there were never any shareholder value. The company's intent were never about that. It's more about the BODs keeping their own pay cheques and shareholders will be further diluted each year.

All in my opinion and DYOR

Matad does not deserve anymore funding in my honest opinion. They have had £174 million over the years. It's no small sum but despite that they have made very little use of that funding.

All the claims about unsuccessful drills, licencing fees, and surveys conducted, who can verify whether the funds have actually gone into those operating programmes.

One thing for certain is Matad have not delivered despite having excessive time and funding. The fact the Heron wells are sitting there with issues, together with the bureaucratic hurdles only further highlight how incompetent the BODs are. They have misled the market by reassurance exclusivity and support from the Mongolian Government. This is a lie.

To further rub salt onto the wounds of long term holders, Mike Buck is already eyeing new commitments of up to £14.9million on the Borzon Block. Where is he going to find the funds. He isn't expecting the market to fund him for that surely?

Why would the market fund Matad looking at the constant past failures. Who in their right mind would support the Borzon project with another 8 years of waiting and dilution.

Investors have invested because they were told Heron would make Matad from an exploration company onto an oil producer with millions barrels potential.

We were never here to hop from one failed miserable campaign to another. Mike Buck has a lot to answer and anyone that thinks it's okay to further fund the company is a complete mug honestly.

The company couldn't stay in line with their objectives and constantly coming up with new ways to milk the shareholders. How about deliver some results first if you want to ask for money.

MB should know he can't have it both ways. You either produce some results or if he can't just step down. Don't keep coming back to the market asking for funds without any achievements.

Nobody should fund these guys anymore. Shareholders have heard enough. It's time for them to deliver.

All in my opinion and DYOR

Instead of doing the job they are paid to do, the BODs, they have decided to deploy a group of rampers to cover their poor track records.

Yes, this is my speculation but how else would you explain the coordinated attacks from the ramping crew. They are literally here 24/7 monitoring the board and shutting down any criticism from the genuine holders.

Ever walked past a street scam and once exposed the scammer gets aggressive. It definitely feels that way with the rampers.

They are here because they are assigned an assignment. The company must be looking to raise and there are x amount of shares to be offloaded to the market.

That's why they are trying to sugarcoat Matad's position, which is not so good, and anyone who points out the facts that the ramping group doesn't want people to know, then their posts gets jumped on and the personal attacks commences.

You got to ask yourself one question. Why are they so afraid of the facts being posted if the company is on the verge of success.

If the company were about to accomplish something great, then then nothing will stop it's tracks.

The reality is that they're all lies. The ramping group are here to entice buys. That is their agenda. The thread titles are mostly fiction trying to hype the stock.

None of them want to mention the past or the mismanagement, or the limited funds on the Matad bank.

This really has all the hallmarks of a s**m. If everything were so good then just it play out. It's really that simple.

All in my opinion and DYOR

We are fast approaching May and there is no update on the news front. No addressing of the H1/H2 issues, no e-signature, and no JV agreement.

Let's keep it real. Nothing has ever been achieved and to-date not a penny of revenue.

The market has lost confidence in Matad and rightly so.

It's time for Buck to deliver, no more talks, actions!

No good saying they WILL do instead of reporting to the market they HAVE done.

What's holding them back?

10 years not enough time for them to sort themselves out?

£174 million isn't enough to get one producing well onto production?

This company operates on new hopes and raises, but nothing ever materializes like the JV talks that has been ongoing for 10 years

Cash is low in the Matad bank, they will require funding and a placing is most likely.

The long term holders have all lost money here. Gone are the days people invest based on words and trust, we want results.

If MB is that incompetent, then perhaps he should find a job at the local corner shop selling chewing gums instead.

DYOR

Days after days of relentless ramping, the rampers are shameless. Facts from 6 months ago can still be applied today as there has been no progress:

* No e-signature

* No funds (2 million or thereabouts in the Matad bank for company running costs)

* H1 barely delivering 200bopd and with issue

* H2 suspended

* Gobi no oil show

* Matad had 10 years plus and £174million of funding

* No JV deal despite ongoing conversations over the years

* The CEO signed up for new Borzon Block with a financial commitment of £14.9million over 8 years

DYOR

It has been months already.

Rampers or derampers or those just quietly waiting in the background, at the end of the day the company is at fault for doing such a poor job.

They should have updated the market on the progress.

No one can deny their incompetence and poor attitude in handling with public affairs and investor relations.

Imho

"Oracle is gonna get diluted to zero. 13 billion shares and counting. You must be feeling the pressure old boy."

TenBagTag perhaps you should do some proper research before commenting.

GGP has 13.08 billion shares in issues and their share price today is 12.72 pence.

Oracle Power has a market cap of 1.7 million. Their assets far exceeds and should be multiple of this sum. It's the market cap that you should be looking at.

What a noob comment you are making. I hope no one took any of your advice.

Wiseowlspeak self proclaimed a wise investor but cannot see the potential of Oracle Power.

Needs to amend your name to AverageJoeSpeak, and I'm trying to be nice.

Northern Zone Targeting 4.8million ounces of Gold.

Reference below:

Oracle is at 26mins: share is undervalued at 3mil market cap (this is not my words, it's from the video at the time it was posted) Market cap is even lower since.

https://youtu.be/FZetUjLMoIA

Gold mines can value anywhere between £20 million to £100 million market cap depending on the size of mine, grade of gold, how easy to mine and type of JV deals.

To put into perspective:

A £10 million market cap would be 0.1p

A £50 million market cap would be 0.5p

A £100 million market cap would be 1p

GGP's market cap is £1.71b as of today.

Don't forget Oracle has other projects too and that's why it's difficult to estimate the true value of the stock.

DYOR

"Stock maiden, please provide your evidence that MATD is “cashless”? Thank you in advance'

It's no secret Matad is cashless. Mike Buck confirmed this at the AGM. It's why 2025 will be a quiet year focusing on fixing the Heron wells.

There are about £2million or thereabouts in the Matad bank as someone has mentioned. You can always refer to the financial report.

£2million will not be enough to cover for the operational costs. It will be used towards company running costs

DYOR

Northern Zone Targeting 4.8million ounces of Gold.

Reference below:

Oracle is at 26mins: share is undervalued at 3mil market cap (this is not my words, it's from the video at the time it was posted) Market cap is even lower since.

https://youtu.be/FZetUjLMoIA

DYOR

"Does anyone know the cost that is likely to be charged for storing the oil?"

Nope but since Matad is cashless, they probably end up having to pay with the oil they are storing at the Petro China facility. In another words, giving the oil away.

This could explain why MB said "if they get paid" in response to stored oil at the AGM.

Shambles

All in my opinion and DYOR

Just to get Heron1 flowing MB is literally giving away the oil to PetroChina. Matad have no where to store the oil and they obviously cannot sell without the e-signature.

If H1 doesn't improve from the 200bopd then the SP drops

If H1 flowed more then MATD will only be giving away more oil

Piecing the puzzle together its starting to make sense. What a shame the board couldn't sort out their production processes in the right order.

All in my opinion and DYOR