Member Info for StockMaiden

Where do you think MATAD will fin the money for:

- running the company

- the money to fix H1 and possibly H2

- the £14.9 million for Borzon commitment

- and to drill H3 and H4 as some suggests

All the above requires funding, yes lots of activities but where do they get the money from.

No H3 or H4 as far as I'm aware.

MB have already shifted focus onto the Borzon Block.

Hamm have sold out.

Reality is also:

The rampers have bought in at around 1.6p - 2p thinking it's a steal.

Many like myself have cautioned not to trust MB, then boooom, H1/H2 issues, export license required, talk of new block and £14.9million commitments.

SP drops with massive placing looming which could realistically bring the SP sub 1p.

People are panicking and trying to get out now that the Heron program has failed.

Abzzba

You are the one lying. Saying FACTS are below in your posts.

You can see the future to know 5p by June?

Same with knowing 500 + bbl/d for H1?

Talks of sales agreement in Feb with certainty?

Anyone can see through your desperation

Massive placing likely

H1/H2 issues

8 years work program for Borzon

That all you really need to know

WOS, abzzba, Velocoraptor, and Thorn would be top candidates to work for the Myanmar Sxxx Compounds. They have all the traits to do well in that business.

Someone earlier even post lies about H3 and H4.

Never were there any mention on a H3 and H4 well.

When asked about it, they conveniently used insults to avoid the question.

Wanna take a guess how many millions MATAD have spent to date?

It's actually blue, are you f sure ORPC

You're actually paying out

Here is a challenge:

Anyone wants to go through the RNS to date and tell me how much in total MATD has raised since the exploration well Wild Horse?

I really like to know how many millions MATAD have raised and spent to date.

The fact that people are talking about 30bopd as if it's of significance underlines the how desperate position Matd as a company is in.

Using 30bopd well to score victory when the initial plan to drill Heron was to target much much more.

If that doesn't highlight their failure then I don't know what does.

30bopd extra minus the costs to run it and also the costs to remedy it.

Only after making back those sums, then any production after that would count as profit.

And that is IF H2 is even flowing 30bopd.

The question should be:

Is 30bopd extra gonna make a big difference in the grand scheme of raising £14.9million?

Some say this is a bargain. I say this is overvalued.

Where does it say that?

That guy's name is Vagabond? 😁

Stop misleading people, there is no H3

They are trying to bury the post with facts.

Leaving only their ramp posts visible

You will find out the true meaning of poisonous when you get shafted by MB and the SP goes to a new low. Mark my words.