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ORCP is looking like a much better bet than Matad right now.

In terms of Prospects:

ORCP have recently discovered a SHALLOW gold mine in Australia, with gold expanding outwards in all directions. Further drills are being conducted because of more gold shows. The best bit is ORCP is on pretty much a free carry having partnership with Riversgold on a 80/20 ownership.

Matad? Still trying to sort out their 200bopd well.

Export signature still not signed? Limited funds in the Matad bank?

In terms of Funding:

ORCP has multiple international projects backed by major players, eh: the Dubai prince and also Power China for their energy projects. This means that all of ORCPs projects are partially de-risked.

Matad? JV talks for 10 years but still no agreement? No one seems to be interested?

In terms of the CEOs:

The ORCP CEO Naheed at least have the decency to say there will be a placing to move the projects forward. She is saying things as they are.

Matad's CEO? I remember last year Mr Buck said they were full funded but 3 weeks later did a placing. The worst part was the raise wasn't necessary. Buck used the funds to have a go at drilling Gobi, the result of Gobi were no oil show.

So MB has diluted shareholders and wasted funds on another unsuccessful drill?

Do remember, it's you guys who kept bringing up Oracle Power on the Matad board, so don't say I haven't responded back.

Looks likely nothing major is happening with Matad for the rest of this year. Meanwhile, drilling has commenced for Oracle Power and they have recently raised funds.

Anyone spot a trend? YES 10 years plus of failures

10 years plus on Mongolia and nothing to show for

How much more patience does the market and shareholders have?

Or should the question be, how many more failures can Matad afford?

This really does feels like the final chapter in Matad

2025 will be a quiet year as Buck himself said they will conserve spending and focus on Heron and JV talks...

But that too contradicts with his actions, if they ain't got the funds then why the f sign a new project; Borzon with up to 8 years commitment

So one minute this dude goes and bid another oil field, but then he tells shareholders the plans is to conserve spending.

What a joke!

Like I have said, they are betting everything on Heron. Heron will dictate success or failure of Matad and it's not looking good with Heron1 having issues.

DYOR

Nothing major will happen this year for Matad imho

I would sell and take a loss because sub 1p could be around the corner

DYOR

TenBagTag is really losing the plot.

Mr CEO is only conserving spending because they are short on funds

If he hadn't blew last years placing on Gobi think about why he could have done with the funds

But this is Matad for you, it's totally the poor decisions made by the BOD that Matad have gotten to where they are now

And no, this is not the best share on AIM.

TenBagTag is having a proper meltdown

He talks nonsense

Don't listen to it

It wants to get out of this share hence the 24/7 ramping

DYOR and check it's posting history

500+ posts in one month

10 years plus on Mongolia and nothing to show for

How much more patience does the market and shareholders have?

Or should the question be, how many more failures can Matad afford?

This really does feels like the final chapter in Matad

2025 will be a quiet year as Buck himself said they will conserve spending and focus on Heron and JV talks...

But that too contradicts with his actions, if they ain't got the funds then why the f sign a new project; Borzon with up to 8 years commitment

So one minute this dude goes and bid another oil field, but then he tells shareholders the plans is to conserve spending.

What a joke!

Like I have said, they are betting everything on Heron. Heron will dictate success or failure of Matad and it's not looking good with Heron1 having issues.

DYOR

Heron 200bopd? Eh no thanks

Gold, loads of it gold price at $3000, yes!!!

Oracle Power

ORCP is looking like a much better bet than Matad right now.

In terms of Prospects:

ORCP have recently discovered a SHALLOW gold mine in Australia, with gold expanding outwards in all directions. Further drills are being conducted because of more gold shows. The best bit is ORCP is on pretty much a free carry having partnership with Riversgold on a 80/20 ownership.

Matad? Still trying to sort out their 200bopd well.

Export signature still not signed? Limited funds in the Matad bank?

In terms of Funding:

ORCP has multiple international projects backed by major players, eh: the Dubai prince and also Power China for their energy projects. This means that all of ORCPs projects are partially de-risked.

Matad? JV talks for 10 years but still no agreement? No one seems to be interested?

In terms of the CEOs:

The ORCP CEO Naheed at least have the decency to say there will be a placing to move the projects forward. She is saying things as they are.

Matad's CEO? I remember last year Mr Buck said they were full funded but 3 weeks later did a placing. The worst part was the raise wasn't necessary. Buck used the funds to have a go at drilling Gobi, the result of Gobi were no oil show.

So MB has diluted shareholders and wasted funds on another unsuccessful drill?

Do remember, it's you guys who kept bringing up Oracle Power on the Matad board, so don't complain that I'm responding here.

Looks likely nothing major is happening with Matad for the rest of this year. Meanwhile, drilling has commenced for Oracle Power and they have recently raised funds.

Gold have touched $3000.

I don't think I'll need to spell that out for you what will happen hmm

A shallow gold deposit with high grade gold, expanding in all directions.

JV partnership with binding agreement.

Conducting further drills that previously wasn't part of the plan, results must be encouraging for them to drill more holes.

ORACLE POWER

Just a reminder, it wasn't me who wanted to talk about Oracle Power here.

Some of the rampers keep mentioning the company, so this is a post in response to their interest.

DYOR, a re-rate could come soon for Oracle Power

MATD? Nevermind

2857mal, get out of MATD is what I'd say.

Until Mr Buck show us what HAS been achieved,

And not what he plans to achieve,

His words carry very little weight based on history

DYOR

Gold have touched $3000.

I don't think I'll need to spell that out for you what will happen hmm

A shallow gold deposit with high grade gold, expanding in all directions.

JV partnership with binding agreement.

Conducting further drills that previously wasn't part of the plan, results must be encouraging for them to drill more holes.

Gold have touched $3000.

I don't think I'll need to spell that out for you what will happen hmm

A shallow gold deposit with high grade gold, expanding in all directions.

JV partnership with binding agreement.

Conducting further drills that previously wasn't part of the plan, results must be encouraging for them to drill more holes.

ORACLE POWER

ORCP is looking like a much better bet than Matad right now.

In terms of Prospects:

ORCP have recently discovered a SHALLOW gold mine in Australia, with gold expanding outwards in all directions. Further drills are being conducted because of more gold shows. The best bit is ORCP is on pretty much a free carry having partnership with Riversgold on a 80/20 ownership.

Matad? Still trying to sort out their 200bopd well.

Export signature still not signed? Limited funds in the Matad bank?

In terms of Funding:

ORCP has multiple international projects backed by major players, eh: the Dubai prince and also Power China for their energy projects. This means that all of ORCPs projects are partially de-risked.

Matad? JV talks for 10 years but still no agreement? No one seems to be interested?

In terms of the CEOs:

The ORCP CEO Naheed at least have the decency to say there will be a placing to move the projects forward. She is saying things as they are.

Matad's CEO? I remember last year Mr Buck said they were full funded but 3 weeks later did a placing. The worst part was the raise wasn't necessary. Buck used the funds to have a go at drilling Gobi, the result of Gobi were no oil show.

So MB has diluted shareholders and wasted funds on another unsuccessful drill?

Do remember, it's you guys who kept bringing up Oracle Power on the Matad board, so don't complain that I'm responding here.

Looks likely nothing major is happening with Matad for the rest of this year. Meanwhile, drilling has commenced for Oracle Power and they have recently raised funds.

Actually Margaritas, ORCP is looking like a much better bet than Matad.

In terms of Prospects:

ORCP have recently discovered a SHALLOW gold mine in Australia, with gold expanding outwards in all directions. Further drills are being conducted because of more gold shows. The best bit is ORCP is on pretty much a free carry having partnership with Riversgold on a 80/20 ownership.

Matad? Still trying to sort out their 200bopd well.

Export signature still not signed? Limited funds in the Matad bank?

In terms of Funding:

ORCP has multiple international projects backed by major players, eh: the Dubai prince and also Power China for their energy projects. This means that all of ORCPs projects are partially de-risked.

Matad? JV talks for 10 years but still no agreement? No one seems to be interested?

In terms of the CEOs:

The ORCP CEO Naheed at least have the decency to say there will be a placing to move the projects forward. She is saying things as they are.

Matad's CEO? I remember last year Mr Buck said they were full funded but 3 weeks later did a placing. The worst part was the raise wasn't necessary. Buck used the funds to have a go at drilling Gobi, the result of Gobi were no oil show.

So MB has diluted shareholders and wasted funds on another unsuccessful drill?

Again, it's you guys who kept bringing up Oracle Power on the Matad board, so don't complain that I'm writing here.

I can't believe someone is still asking this question when it has been mentioned 50 billion times already.

Matad, in their 10 years plus in Mongolia has spent £174 million to date (not just on Heron), but they have delivered close to zero, with Heron 1 producing only 200bopd (last reported).

H1 is looking to be remedied, but whether the flow rates will improve or not is anyone's guess.

The bigger issue is the export signature is still not signed despite the CEO said the form has been uploaded in the recent AGM. Without export, any oil stored cannot be sold. Matad is relying on Petro China on their storage facilities.

As for JV talks, this has been ongoing for 10 years. It begs the question why hasn't there been any deals already. The CEO comes out every year saying JV talks are progressing but nothing ever comes to agreement.

Money on the bank, as someone has mentioned in another post, is approx 3 million.

I personally don't see this as a good buy for the reasons I have stated and because of the past records of the company. The CEO in my opinion is untrustworthy. I think a placing will happen soon.

If anyone wants to take a risk, then it's their choice.

As always, DYOR

From here onwards it will be a race against time.

With each month passing by, the limited funds in the Matad bank will dwindle away.

Worry times for shareholders imho

The rampers better hope Heron1 improves and also the export signature gets sorted, otherwise nothing else matters.

Heron1 will dictate the survival of the company, no joke.

Nothing is guaranteed for the remainder of the year except a placing.

Come back in 2026 for a chance of a turnaround imho.

Before anyone criticise and complain, my previous post is based on a good out come.

The bad outcome is that they can't fix or improve Heron, what will happen then is anyone's guess.

Worry not folks, very likely nothing will be happening with this share for the next 9-12 months.

MB and team will use the remainder of this year to "hopefully" remedy H1/H2.

I don't think any JV will conclude this year as they have probably listed the H1/H2 and the export signature as a minimum criteria for a partnership.

Matad will have to prove those for discussion to continue.

All dependent on Heron now while Matad is surviving on what they have in the bank.

Don't forget winter period shut down so they have a few months less each year for ground works.

By the time the have the process in place for the remedial, and then for another well test, the earliest completion date I'd imagine would be March/April 2026 for them to come back with some concrete data?

This is a slow burner and I see the SP drifting from here on. Look out for a placing too.