Member Info for StockMaiden

Wow, so much to come with Sunsteppe

Meanwhile, Matad has less than £3million in the bank by my calculations.

They are sure thinking big....

Until reality sets in:

-H1&H2 still needs to be fixed

-Export signature still not obtained

-Gobi further activities on the do list

-Bidded for Borzon, remember there a £1million commitment clause in the first 2 years. We know 2025 wil be a quiet year, so perhaps in 2026

-Despite the lack of operational funds, and many current projects yet to be rectified/progressed, these guys are already thinking about Sunsteppe?

Better get the quantum leap suits on. Loads are happening at quantum speed (according to the rampers)

DYOR

Proque says:

"Yes, and I'm pretty pleased with how Matd held up today."

Matad finished in the red. If you call that held up well then what about Oracle Power finishing 27.06% up?

Oh, it's up because Edward Mead, director of Riversgold has bought 26.5 million shares, equivalent to $110K of his own money...

Is that a vote of confidence...

DYOR

Let's take a look at Wiseowlspeak's points:

- As we know - Mongolia is world's biggest (or second biggest) Renewable potential

(Is it, have heard that from 10 years ago, little difference if the country is corrupt making it difficult for businesses to progress?)

- Power hungry neighbour China next door

(China already has Petro China and Sinopec. Matad is irrelevant especially when they are producing a measly 200bopd?)

- Mongolia -China recent Energy Export Agreement

(Yet, Matad are unable to obtain the export signature, 6 months and still waiting?)

- Domestic Mining Industry Power switch

(Yeah, the keyword here is domestic, so talks about Matad supplying to China doesn't quite make sense. It contradicts with the point of Mongolian Government wanting the oil for themselve? Think back on that Indian oil refinery building built)

- Major Funding Available

(Funding available? If funding was available then why has there been mainly placings throughout Matad's history?)

DYOR

Let's just appreciate the fact this is not a one trick pony. We have multiple high lucrative projects progressing well.

Northern Zone is the icing on the cake, with Thar being a much bigger potential with long-term revenue stream when complete.

Either projects will see the SP in multiple of current levels in a success case.

DYOR

Reposting the below as I feel the importance of energy in Pakistan are not understood!by many:

As Pakistan economy continues to improve as forecasted with Chinese investments across the country, Pakistan energy efficiency are needed to support the local businesses in terms of stability and to supply demands.

The current Pakistan energy grid are not reliable, with 20% of it energy lost during transfer. It's the reason CPEC are in joint forces to build more energy infrastructures.

China $65 billion investment into Pakistan.

1min 50 secs into the video: Pakistan to become worlds largest 20 economy by 2030

https://youtu.be/F9tI_1NsSZA?si=iNZty_vWpD1htgFt

DYOR

"Oh yeah SM, someone bought 600 of em @10p. Lol"

Better than buying Matad shares at 2p and now down

Not bad at all when the wider market is red across the board. Its in auction to buy too

Now is the time to invest in gold, not oil. ORCP is up 35% as I write .

DYOR

Unsure what is causing the rise but I'd take it.

It could be the results for the 36 holes for the Northern Zone project is near

Or it could be progress over at Pakistan, namely the Thar project with the railway network being built

DYOR

With less than £3mil in the Matad bank, I'll be very surprised if they don't raise.

"it belongs to DQE, so its a case of everything coming tohgether, weather, rig availability tc etc, you really cannot be that thick (can you ?)"

Just go to show some people are born toxic. They just can't do without any personal attacks and words of abuse.

Another cost factor right there, the DQE rig!

I think the last time Matad had to take out a rig on loan was at around £60K per day, but that was over 5 years ago.

What would be the going rate now? Perhaps doubled to £120k per day?

At least for once, abzzba responds within context to the issues of H1.

Whether he is right or wrong, we shall find out eventually.

But it was a much better effort compared to the usual posts with personal attacks and nothing more.

Pretty simple, on the assumption there had been no news, and we already had many 5-7 days in the weeks of waiting.

So why has it not started then since Matad should be out of the Mongolian winter shut down period?

We will watch closely your estimate of two weeks from the day the fix begins.

Similar to a plumber job, how can you quote a job without actually going on site to examine the problem.

How easy or difficult a job will depend of factors like where the leakage is detected, the severity, and the work needed to reach there.

So by you saying it will be a cheap fix without knowing any concrete information relating to the actual issue is BS!!!

DYOR

It's you who is talking sheeeet abzzba.

Without knowing the detailed information of the Heron1 issue, there is no way you can value it to be a cheap fix as you claimed.

The severity of the issue, the location of the well, and the specific remediation methods will determine the amount needed to fix the well.

DYOR

Abzzba is talking sheeeet!!

The cost of fixing an oil well with a sand reservoir problem can vary widely depending on several factors, including the severity of the issue, the location of the well, and the specific remediation methods required.

Fixing a sand reservoir problem in an oil well can range from tens of thousands of dollars to over a million dollars, depending on the scope of work and well characteristics.

DYOR

Preparing for a raise?

Https://x.com/petro_matad/status/1909198664880226746?s=48&t=xs5mlti_eXYeRiuGAcPuSw

There we go. MB is building momentum for a raise. He needs legitimate reasons to do so, to keep the hype going.

The funds will be used for H1/H2 and possibly Gobi. I'm going for a £5million raise.

All in my opinion and DYOR

* nounce