Member Info for StockMaiden

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.

Sigh...

Further more why I don't think this will go to 5p in June.

We have already discussed the projects MATD has and the position they are in.

Having broken down pieces of information, we can see, in short:

- the only zone that have real chance of generating revenue is H1, but even that is questionable with 200bopd, resovoir sands issues, and the pending export license. The new block are expected to require ongoing funding and commitments.

Now, if I can see this, and you can see this, any attempt to trade small spikes on next news would get sold into in my honest opinion.

Unless investors are willing to buy and hold, and the LTHs outweigh the sellers, then I don't think any rises will hold for it to go to 12p or 5p as some have suggested.

The big question is, why would anyone choose to buy knowing uncertainties around the potential revenue streams, the uncertainties of funding, and the likelihood that the new project will take another 5-8 years for it to get to a stage where it can generate income, and it has to be a success case for it to happen.

That in itself is another uncertainty, will Buck be aiming for more wildcat drilling. His past record isn't too convincing.

So why would anyone want to buy now when obviously the risk is multiple higher than the reward.

Mr CEO needs to come out and provide information and clarification on the questions asked, and give a detailed plan for 2025 and onwards.

Thank you for promoting Oracle Power.

It is substantially under valued at 1.5million market cap.

Fully funded and many news flow expected from multiple international projects at advance stages.

Overall, the risk is far greater than reward if you ask me.

Future funding will be reliant on how well H1 and H2 can deliver. The company had indicated both wells are experiencing problems and the export license is also pending.

New block may add excitement for those higher risk takers, but we don't even know how many barrels of oil are being targeted. We know £14.7 million commitments over the course of 8 years.

8 years!!!!!!!!!!

There's already a rough timeline for the new block to move from the exploration to potentially the production stages.

Anyone fancy buying in now and ride through waves of placings?

What do you think will happen if:

1: Sales agreement delayed due to export license. It means MATD won't make sales in time for potential revenue to arrive at the MATD bank.

2: H1 remedial work issues, such as the sand screen method didn't quite work out, or flow rates don't improve from 200bopd, or worse flow rate drop from that level.

3: H2 remedial works did not seem improvement. H2 plug and abandoned. Add Gobi to the list too.

4: Funding, Mongolia/Petrovis Reserve based loan won't be used. The key word here is loan. If Matad doesn't deliver the expected flow rates, that translates to less revenue than forecasted, it also means that a loan won't be granted as they are unable to repay as they would like.

5: I even throw in a 5th bullet point. Talks of JV ongoing as per usual but never materializes. It means MATD are alone like they have always been. The financial burden will be all on Matad.

Likely scenario:

Most likely outcome are placings to raise funds now that they have a new block with new commitments.

Again, the new block moving from exploration to potentially production phrase will not be in the next two years, almost guaranteed.

Ongoing funding will be required, and at this level it will be catastrophic, and yes, MB will go ahead with them to keep the Matad lights on as well as his ambitions.

Are you guys okay for another 6-7 years wait on works carried out on the new block?

By Mike Buck bidding a new block, it means that the work process will have to start all over.

Why are none of you mentioning this but only looking at the potential reward. Let's take the Heron field as the work model:

- Ground survey

- Seismic scan

- Data analysis and interpretation

- Applying for land access

- Applying for drilling permit

- Arrange drilling crew to carry out works

- Borrowing drilling rig

- Winter Shut down period

- Data evaluation form gathered samples

- Wire logging and flow testing

- Production permit

- Export license

I might have missed some steps and legal processes in between but it has taken MATD a good 6-7 years for the Heron field to get to the current stage.

The dissatisfaction here is that the export license still needs granted and to this date MATD remains a non profit company.

Here's the question:

Would anyone of you be prepared to wait another 6-7 years for works to be carried out on the new block?

You guys were sure okay for past projects to be abandoned where all progress and millions spent on them went to waste.

A realistic timeline as highlighted, it won't be a quick exploration to production as some have claimed. Hence, I don't think there will be 12p or even 5p by June.

Heron issues remains unrectified, and the new block is in a fresh state with a long journey ahead.

Uncertainty around the Heron export license. Potential revenue isn't amazing meaning there will likely be placings along the way for the new venture. Number of shares in issue continue to increase making this a distasteful share for new investors.

The information is all there.

Mike really needs to prove revenue stream before all this talk of the next big opportunity, seriously.

Until money from sales is received in the MATD bank, I will remain skeptical

There is no 100% win rate even for the most successful traders.

Yes, I am down in Oracle and expected a multibag on the news of the gold mines.

But I have also stated in MATD that I wasn't expecting the flow rates to increase when you all were. I had also been spot on with Buck introducing a new prospect.

I have been following MATD since Bergen days,

so I do know Buck's behaviours and his patterns.

Of course, it's easy to criticise others on the sidelines, but your 5p theory is only on the best case scenario if Everything went according to planned.

Looking at MATDs history, how many times did plans went smoothly without any interruptions.

They still need an export license and cannot give an ETA.

I think my scenario have more chances than your scenario of the SP going to 5p

MB will use Heron1 as his victorious trophy.

Despite all projects to date has failed to meet expectations.

In fact, Buck won't be mentioning more than he has to on the heron field. Doing so will only expose more weakness in the company.

H1 and H2 issues are yet to be rectified. They are just barely maintaining the 200bopd. Evidence are there to suggest the Heron wells are not as good as originally indicated. Hence, the withdrawal of the plan to fully expand the field.

Shifting to the new block will allow Buck to renew his promotion of the stock. To create an illusion of the legitimacy for the need to raise. This is the next golden opportunity, as he will tell you, but IS IT?

How many times over the years have shareholders been misled to believe MATD will be producing oil, having a cash positive balance, without the need for placings, and then to further expand on revenue generating prospects?

How much of that has come true? So far none.

Once credibility lost, then it's lost. The share price will only be on a gradual decline from here onwards, and into the sup 1p territories.

Hamm is getting very desperate.

He obviously is overexposed trying to trade this but have been done in by our infamous CEO MB.

He is trying hard to try and force his own perception of the company onto others in an attempt to ramp the stock.

He is in denial that the company is a failure run by dubious management, who to date have messed up everything, and we have seen more delays than progress. There had been more placings than oil encounters and yet Hamm is suggesting next funding will be via a loan.

I'm sorry you lost money here, or not rather, but I guess your only interest was ramping your shares to dump on another individual. It was obvious the Heron project required more time and I have expressed my opinion previously, before the last RNS but as usual you dismissed my opinions.

No money , no export license, no JV. Fact!

Interesting. I wonder who is taking Frontera to courts, not could be anyone really.

Former workers, shareholders, YA, SN, SH...

I don't know anymore....

I wrote this off some years ago, not expecting it to return even now, treating it like a theatre show.

Nice to have a bonus though, several hundred grand will do

What does it mean?

Anybody can explain in plain English please.

I would even go to say that the whole sudden Borzon Block VII is very suspicious.

Could Buck be hiding something about the Heron1 well too?

Is he using Borzon Block VII as a distraction so by the time funds are in place and plans for that field is in motion then he'll drop a massive bomb to tell shareholders Heron1 couldn't be improved or worse the flow rates decline.

There is little reason for him to discard the initial plan to expand the Heron field unless he knows something we don't.

Some may argue perhaps they will be working on both fields simultaneously. I won't dismiss that possibility, but as a shareholder, I have right to criticise this poorly drafted plan.

Not only are we lacking in funds, the team is small and they are taking on more than they can ever manage and I am quoting from past performances.

There is still the Sunsteppe renewable energy project, their commitments seems so lackluster as we've seen with Gobi, it was a sudden urge of thought to raise and drill that well, which ended up only wasting time and money.

If they can't even manage one project effectively, how on earth do they think they can manage three.

Taking the risks into consideration, by taking more projects, they will have to commit to larger sums of funding, but focus will be spread thinner across the projects if they were to work on them all. My theory is that the Heron field didn't work out and hence Buck is promoting

Borzon Block VII. Either ways, this has put shareholders into a worse position.

KevinRound, thanks for your shared view.

I have a similar vision. 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 have 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.

What has Oracle power got to do with MATD exactly?

What I wrote in that post are also facts. It means I have invested, I am down, but I am level headed to admit that I'm down.

But you guys, going back to Matad, are twisting facts about the company and the CEO to suit your own agenda.

None of you can tell me why the new block should raise the SP to 12p, just a random number plucked out of thin air.

All of you dismisses the likehood of a placing despite the fact in MATD history 9/10 times a placing were used for fund raising.

"if any of the posts were backed up with proof then ok, but they are not."

Laughable comment.

All of it are backed up by prove.

Refer to the past RNS and Interviews.

Has MATD made any revenue in the last 10 years? Nope

Perhaps people should be honest and be counting the number of failed drills and abandoned projects?

How about the news that Buck promised to give but didn't, namely Gobi bear and Heron2.

They're facts, but ones you don't like hearing.

The smart money will move in after the placing, which is still a big risk considering the contradicting statements and objectives from the CEO.

An investor could be putting their money on Heron1 and Heron2.

Next thing they know Heron 2 is abandoned and Heron1 flow rates may not stabilise.

Surely I can't be blamed to feel this way after Mr CEO has given so many false statements before.

I was actually looking forward to revisiting the Antelope and V-raptor wells on the advice of good data.

But those projects are quietly abandoned. Nothing the CEO says has any backing to it.

Over half of what he says never gets done, and we have people like Hamm trusting him with his life savings.

I can only see a bad ending.

Hamm, if you have been invested here for 10 years then you should know the answer already.

MB has told shareholders last time that there would be no raise, what was the result?

That man lied. Simple.

He lied during Bergen days by the death spiral discounted share pay back loan after telling shareholders options to go for a bank loan.

Wake up man. Every time we go through the same debate this is the new low, it couldn't get lower, and then it does.

I certainly wouldn't rule out a placing, it's the most likely scenario.

I cant see a bank lending to MATD when they don't even have an export license in place. Banks is a business not a charity.

Unless the banker is a fool, then I wouldn't let MB borrow a penny based on his poor performance and to date they've not sold anything.

No explanation needed

10 years plus, millions raised, very little achieved.

Company yet to make their first penny of income.

That is evident enough.

Just wait for buck to come out with the next placing with the new block as the reason

One placing done, then there will be some sort of excuse to delay operations

How many times have we seen that happen.

In fact, it already has!

Everyone were expecting production rate up from H1 and H2 issues resolved. People were also expecting more details on Gobi bear. Information like why it failed to commercialize, and nor whether there are any technicals that can be done to save the well.

The fact that buck shifted focus on the new block without even mentioning the previous wells says it all.

I don't know about Hamm but by my books that's unethical. It's unethical because buck has already has his new focus on the new project, leaving investors scratching their heads over previous promises and objectives.

Why would anyone trust buck with their money?

Even your local estate management company would provide a quarterly report on how the money is spent and on what

Bucks attitude? He doesn't think he needs to explain. Just drop the issue, millions spent on failed operations but it's okay, the new project will create the hype so all is fine?

By the time the next project failing to commercialize, it will be a repeat, and buck will yet look for another acreage?

Was shareholders informed so there would be a voting right on the company's direction? Nope.

The management's attitude stinks.