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"Velocoraptor, Agree 100%, everything looks good, looks even better long term, wait until the refinery is onstrem and this could easily hit new highs"

Long term? How long are we talking about?

Refinery? Talks has been ongoing for 10 years and refinery still not built.

I hope by long term you don't mean another 10-20 years, because by then the SP will be in the decimals if Buck doesn't generate some serious revenue soon.

"The reality is we have lots of oil, it's cheap to extract and drill, we have a refinery being built, we have a supportive"

Yet, Matad had 10 years plus and still couldn't deliver their expected revenue targets?

I'm fact, they have made a penny of sales to date.

The only well that has a chance of producing oil is Heron1, but even that well is experiencing issues.

For a 200bopd well, it's really not that exciting.

Future funding will be a big issue. Most likely at PIs expense.

"Gobi 1 - massive wildcat which, no matter how they review"

Last RNS on Gobi says little to no oil signs.

If Gobi was that good why Buck has chosen to bid a new block

Good point Doc.

Instead of debating whose right or whose wrong.

Let's just get to the point.

If a new investor asked when is the best time to buy, and when is the spike, and when to exit, how will the rampers answer?

Over to them!

We are sitting in a massive gold mine in ORCP.

Yes, the SP down trend was awful.

But knowing the project is there and in the making puts me slightly more at ease.

MATD however, abandoned all works and progress on past wells.

Starting afresh will take time, money, government approvals.

Perhaps you should be more honest in your opinion instead of plucking unrealistic so targets of 12p with little backing.

Won't be 10p plus

It's an educated guess based on MATD's history, the CEO's behaviour, and also clues from recent news flow.

Buck has literally declared that they will require more time and funds to fix Heron1, a sand screen is needed to test whether the resovoir sands problem can be resolved and higher flow rates can be maintained. This is just an initial statement stating that they will test the method assuming that it will work.

Heron2 no mention so either they need more time to analyse the issue or that the problem is too severe that it's beyond their capability or that the well is not cost efficient to fix. If they had good news you think they wouldn't be reporting back to the market.

Gobi bear is in a similar but worse position. We already know from the RNS that poor oil shows were logged. They haven't reported any progress on that neither suggests the well isn't commercially viable.

Here comes the main dish:

Buck must have signed the new Borzon Block VII out of desperation as so little has been produced result wise.

- Wild horse, snow leopard, Gazelle all dusters

- Antelope, V-Raptor abandoned (must be commercially non viable)

- Gobi duster

- Heron1 issues with reservoir sand yet to be resolved and flow rate of 200bopd yet to stabilise

- Heron2 wasn't commercial in last reported RNS

Without the new Borzon Block VII, there is nothing else to promote.

Potential plans for 2025:

Now that we know the position the company is in. It's only natural for Mike Buck to throw all his weapons at Borzon Block VII.

Borzon Block VII is his golden ticket to fund raising with many uncertainties looming around H1 and H2. All the other zones are lost.

Buck will first secure the funds in place, it's his job as CEO. Its an up selling strategy that he couldn't have done with H1 and H2 as we've all witnessed the poor results.

Buck will tell you how great the Borzon Block VII is, and how having it will create shareholders values.

The upcoming months it will be all about the Borzon Block VII. Buck will try to secure as much funds as he could. He'll then lay out the 2025-2026 plans for Borzon Block VII.

Heron1 and Heron2 have moved from being prioritised to now a side dish. We'll hear less and less about Heron1, and for Heron2 possibly never again.

The signs are already there. The fact Buck has declared the new venture rather than expanding on Heron1 field suggests that their estimates are off, and they have stopped chasing this field, at the very least no longer a priority.

2025 will be all about getting the funds and plans in place for the Borzon Block VII.

"The reality is we have lots of oil"

200bopd lots?

Please stop misleading

What are your plans if there is no spike leading up to June? Genuine question

As I have read comments from the rampers, they are expecting a rise in June, that is all they are referring to because historic charts, notice no one is talking about beyond June or questioning the company's plans for the rest of year etc

Most here are looking to sell out from the expected rise.

Except I don't think there'll be one for the reason that I have stated in other posts.

Petro Matad, Petro Matad 🎵 🎵

How many people have bought into this mess.

Everybody money have become much less.

Wells after wells, there are still no sales.

The share price have become stale.

Shareholders have been sold a dream.

Finding commercial oil have become an unreachable realm.

The CEO doesn't like his last name

All he cares about is his position and fame

For 10 years, the company has been neglecting making BUCKS

Long term holders have been hard F***Ked.

Dry talks of millions barrels of oil

Leaving shareholders with sorrow

I hope you like my song

The next placing won't be long

Get out of matd and buy some orcp instead.

"8 million buys just dropped'

I hope whoever invested won't be waiting for 8 years for the results on the new block

As expected, the rise didn't sustain....zzzzz

MATD has turned from an attractive investment to now a dog share with lying Buck as the CEO. Numerous projects abandoned after spending money in the millions and years of work.

Just some made up stories to attract naive investors?

"10 Billion bbl Basin - JV Search Priority Underway - China Bannon"

What is this title?

What has it got to do with MATD?

Is my eyes deceiving me, it's blue.

Well, let's not get ahead of ourselves unless the blue holds

5-8 adding years of work needed on the new block for a shot at additional income that isn't guaranteed, good risk vs reward?

The main focal point should be why would anyone want to wait 5-8 years for works to be carried out at the new block for a chance of it to generate revenue?

Oh boy, was doing some night time reading and came across this:

https:

//youtu.be/eGBUyMujFLg?si=tO3cncVLBsnzhiWD

Although not directly related, but I wonder how the overall UK stock market would react if the decision goes through.

Seems a bad time to be holding any stocks right now, especially the ones with weak fundamentals.