Member Info for StockMaiden

The SP has been intentionally distressed into dismay with the over commitments and failure to deliver any substantial results.

Investors originally invested because the strategy had always been to explore, produce, and then to become a self-funded company and steadily expand on the portfolio. This would then bring in a positive balance to the company revenue which would then allow the SP for gradual increase.

Has any of that been achieved? No.

With Heron1 being the only field that has a chance of commercializing from all their previous wildcat failures, 200bopd isn't great but it's a start, but rather than focusing on Heron the old geezer have already signed the new Borzon Block with a £14.9 commitment over 8 years.

They haven't even made any progress on the renewable energy project neither.

Let alone any oil pumped are stored at the Petrol China facilities. In one word to describe Matad: SHAMBLES.

MB strategy has been nothing short like a headless chicken running here and there. The old fart just couldn't focus and accomplish one project before committing to the next. Yet, every year he shows his shameless face and ask for funds in the millions despite his failures.

Anyone who disagrees should just ask MB to prove it. Deliver some satisfying results. Show the market the revenue.

Do your own research.

Shareholders should be questioning MB, and if he fails to deliver yet again but have the shamelessness to ask for more funds, shareholders could be looking for a lawsuit.

The point being investors were mislead into investing in Heron but the company decided to shift focus on Borzon + renewable energy before even commercializing. Nobody had asked for the new projects that comes with heavy financial commitments the company don't have.

The company had misled the market and then changed strategies but it wasn't a good one. It's just to keep themselves in the business and to prolong the milking of shareholders. Think there is a case here imho

Another Monday without news.

What happened to the Massive News the rampers were referring to....

MB has been nothing but shameless and embarrassment in his 10 years reign in Mongolia.

In every twists and turns he has shafted shareholders. Endlessly miked shareholders who have supported the company on its journey. £174 million raised throughout the years. Delivered absolutely zero.

With Heron being in the state it's in. That wouldn't put MB off from bidding a new block though.

Not a penny of revenue made and the old fool is already thinking about committing up to another £14.9million over 8 years. What an absolute P SS take to the shareholders.

What happened to the original plan to expand on the Heron field and to become a self-funded company? All of a sudden the focus has been altered. Absolutely disregard for long-term holders and the shift in plan is a bad one. Where the F does he think he'll get the funds from when Heron issues still remains unresolved. What a sht show.

Absolutely no shareholder value being created and the SP has been on a backward momentum since the Bergen deal.

All it takes is for the CEO to announce a piece of good news, whether it's the export signature, or the Heron fix, why couldn't he do that eh?

The company isn't being transparent with the issues and have been kicking the can down the road like they always have.

Says it all really.

Actually, the odds of it being no new/or poor news far exceeds of it being good needs.

Anyone can look at MATDs history and it's current position can figure that out.

History being:

- 10 years plus in Mongolia, £174 million spent, £0 revenue

- countless raises and dusters

- no JV deal despite discussions for 10 years

- dishonest CEO,bsaid in the past fully funded then proceeded to a placing shortly after

MATDs position being:

- Heron1 and 2 under delivering at 200bopd

- Both well encountered issues, CEO said simple fix but it has been months since

- no export signature meaning no sales (don't forget the Land Permit have taken 5 years)

- oil pumped are stored in Petrol China facilities (10 years in Mongolia and still have to rely on someone else to store their oil)

- CEO recently bidded for a new block Borzon. Why would they even do that when the focus had always been on Heron, go figure.

- New block commitments are 1million over 2 years, and £14.9 million over 8 years. Are you fk kidding, the CEO haven't even addressed the Heron issues and funding,band he already signed a new block.

Based on all the above, I'd say it's more realistic to give it a ratio of 90/10.

90% change of no news/ poor news.

Get real, I don't think anyone would want to found these guys.

As always, do your own research.

I noticed one of the rampers named Hamm have not posted in a while.

He must have took the opportunity to exit.

But that raises the question of their credibility.

If the share was that good and it will go to 12p, why exit so early?

Just another piece of evidence that these rampers talk out of their x

As always, do your own research.

I have mentioned this before but didn't really get any insightful response.

I read that there are "Petromatad Invest Limited" and "Petro Matad Services Limited." I don't ever recall the company being set-up that way.

Is it something investors should be concerned about when parent/subsidiaries are involved without a proper explanation?

I'm not saying it will happen to MATD but having witnessed Frontera Resources having the block licence transferred away leaving shareholders with nothing; if there is a loophole in safeguarding investors then nothing is absolute.

https://

www.investegate.co.uk/company/MATD

Perhaps abzzba will share his thoughts on this because he seems to know a lot of things, even future events that hasn't happened yet. Eg: 12p by December because flowrate will be a lot higher.

I have mentioned this before but didn't really get any insightful response.

I read that there are "Petromatad Invest Limited" and "Petro Matad Services Limited." I don't ever recall the company being set-up that way.

Is it something investors should be concerned about when parent/subsidiaries are involved without a proper explanation?

I'm not saying it will happen to MATD but having witnessed Frontera Resources having the block licence transferred away leaving shareholders with nothing; if there is a loophole in safeguarding investors then nothing is absolute.

https://

www.investegate.co.uk/company/MATD

It's a make or break situation for Matad in my honest opinion.

If Heron doesn't deliver to market expectations, then that will be the end for Matad.

I don't think anyone would want to wait another 8 years for them to explore Borzon.

The rampers are getting very anxious.

It's like they are trapped in a dungeon and everyone is trying to find a way out.

Mar 10 - 13th MASSIVE RNS Update but will it be the news the rampers are looking for

"Mb needs to go up a gear.'

Is that criticism I hear?

All LTHs here would have known MB has poor time keeping. I won't be surprised at all if by year end there is still no sale.

MrsWOS, you are correct to describe the rampers as scums.

They operate on an unethical manner, fabricating stories and listing false information as facts to attract buys.

Anyone who points out gets intimidated and verbally abused.

Not only are they fabricating stories here, but they are bringing their disgusting behaviour onto the ORCP board. It's their way to retaliate and they thought I would be annoyed by it.

At the end of the day, why would the group get so agitated by people posting facts and having a constructive debate about the share.

It's because exposing the company weaknesses goes against their agenda.

As always, do your own research.

People are twisting facts and deliberately sugar coating to make MATAD sound like the best share of the century.

In reality, Matad has an incompetent CEO who had spent 10 years + in Mongolia and failed to commercialize on all past projects, failed on finding JV partnership, has not made a penny but already thinking of committing another £14.7million on a new block.

Whose gonna fork out £14.7million?

Most of the LTHs are trying to pump this to get out.

The problem with failure after failing with Matad's exploration campaigns...

It definitely feels like the last chapter in MATD's journey.

It's a make or break situation and H1 will decide where this company goes.

If the H1 well doesn't improve dramatically on its flow rates then I am pretty confident that it will be over for MATD, and things aren't looking good for H1 honestly with the unresolved issues.

Matad has had too many chances, £170 millions spent over the years and delivered pretty much zero.

The market has lost patience, and trust in MATD imho

Why are you referring to the 821 bopd figure when clearly, the last RNS update stated they needed to choke back flowrate for safety reasons, and since the H1 well had been producing 200bopd?

Stop trying to fool people. H1 is having issues, Matad themselves said they are looking to remedy the problem, but it has been a few months already since they have communicated to the market.

Based on the latest news, H1 is producing closer to 200bopd. It could have dropped from there, or it could have risen.

The fact that Matad is keeping quiet means it's unlikely the flowrate has improved. If it has, they'll be shouting from the rooftops.

Best stick to facts, which is 200bopd from the latest RNS.

As always, do your own research

Abzzba says:

"My guess is PC need to be ready to start extensive drilling in the Heron field by April or May"

My guess is there will be inactivity for the rest of 2025. Mike Buck is not known to work efficiently. There are unresolved issues like the H1/H2. There are not enough transparency for shareholders to know the extent of the problems. This also applies to the export legalities and the JV talks with PetroChina. It has taken a decade and surely there are some unbreakable disagreements that's holding back the Matad progress.

I think at best, 2025 will be used to do more seismic if they were to drill some new wells. They will use this year to interpret the data and also wait for the export signature, and also allow more time for any potential deal to materialize.

"Stockmaiden , it’s called trading! This is a trading stock"

Well that's odd....from what I had been reading from you rampers, you have all branded this to be an investment stock of the century.

I recall someone posting this will be 12p by year end, now it has changed to 15p...

I have also read about Mongolia is about to be the NEXT middle East producer by comparison...

Then someone else had mentioned a £200 million buyout for Heron....

Yet, another poster mentioned the focus will be on the renewable energy...

Hmm...so Sageman, you agree this is a trading stock then?

Why couldn't the traders just say it as it is, instead of using narratives of friction...

Truths are coming out now.

As always, do your own research

In other words, you are all HOPING the share price will rise, because historically it has from Jan to May....

Nothing of substance than except past patterns...

Well, historically Mike Buck had rinsed shareholders with countless placings too. It's odd that you guys can refer to the historic rises but dismisses any talks of placings when they both took place

If the rampers were so sure of a success case, then rather ramping day and night here, they should be planning a luxury holiday already, or start researching the latest luxury cars or handbags in Roxy's case.

It's odd that they feel the need to constantly post "How good this share is" even on a Sunday morning.

Back to reality, this company has not made a penny since listing, but have blew £174 million in Mongolia. They couldn't even get all the legal processes in place, the export signature, for the oil to be sold when it's pumped out. Ooh, and before that, they still need to address Heron1 and Heron 2 issues.

Meanwhile, limited cash in the Matad bank.

As always, do your own research.