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Oracle has been awarded licenses for multiple international scale projects, through business connections and partnerships.

Oracle's goal is to prove up resources and business concepts and then seeking further investors for a percentage of the project, or if the price is good enough and outright sale.

Why should I be answering your question when you have asked dozens of times already.

And I have already stated my position many times too.

"Any raise at this price would be silly, unethical and unnecessary.'

Wow, just wow, the length and biased opinions you would go to defend the CEO.

Last raise was ethical then when MB gave the nod that the program were funded?

Then he decided to raise for Gobi which turned out to be a duster.

There is no such thing as a silly price to raise talking from the perspective of the BOD.

Why do you think there are stocks with a share price in the decimals

Hamm, you should know more than anyone.

"We just need JV/ DQE or soft loan then share price would be double digits in no time."

This kinda talk has been happening for the last 10 years, yet it hasn't happened. What makes you think it will happen this time?

"Let's see if MB would be with long shareholders this time or not.'

Why would he be this time when he never had been? The fact that he bidded a new block already indicated that MB is about to raise funds, which means he is not with long term shareholders.

MB makes it sounds like lots are going on

But if you break it down, there is only 200 bopd from 10 years of work

Even that though, is not certain as they are still waiting for the final signature on the "export license" was it?

You have to hand it to buck, top CEO, doing a grand job, but for institutional investors.

Lost cause - shareholders are being told one thing but it always changes.

Last RNS raises more questions and uncertainties than answers.

It seems the object to find commercial oil has become secondary

And the fund raising is the primary objective for MATD.

Fantasies!!!!

We have people talking about the great potential of the new project without knowing the details and how much oil is targeted.

We also have people talking about reverse based lending and if that was in place, you think MB haven't already used it in his 10 years reign as CEO. History tells you that it's has been placing after placing, and a Bergen deal where ongoing discounted shares paid to the lenders.

We then have people talking about the 30,000 oil refinery with an element of surprise as if the news had just been announced. No, building a refinery had always been the plan except it has been dry talking for years and nothing have really been built yet.

So other than fantasies, I don't know what to call them.

Cashrules, only genuine investors would be asking the questions I have post.

It's obvious most here are just in for a quick trade. They all know this stock is on a backwards momentum with occasional SP spikes.

People here are trying to catch that spike, and that about sums up why they don't care about the company's history, or the CEOs credibility.

It's nothing to do with them.

What they are not saying is, anyone naive enough to be misled into buying and holding the stock longer than they should be willing get left holding the baby.

Remember, this is a game where the minority profit over the loss of the majority.

It seems MB himself doesn't give a damn about existing shareholders, he has already drafted his plans with the focus to attract new investors, fresh money should I say.

It's gobsmacking that MATD hasn't made one sale to date and his already eyeing the next block. Talk about managing finances and constantly raising funds without returning any shareholders value.

"hurts not being able to buy more down "

I don't know who you are referring to but it's not about not being able to buy or not, it's more accurate to say SHOULD one buy more or not.

"hurts not being able to buy more down "

I don't know who you are referring to but it's not about being able to buy or not, it's more accurate to

Since you all like to talk about the new block and all attention have been shifted to it, and some even say how great of a position Matad is in, let's talk about it.

We have a few enthusiasts refer to the new Borzon Block VII as the winner, one that will move the SP to 12p, and potential talks of JV, but what do we know so far about the block?

I will be surprised if anyone can answer any of these questions:

How many millions of barrels of oil are we targeting from the Borzon Block VII?

Will the targeted zones at Borzon Block VII be wildcat drills or appraisal wells?

If Borzon Block VII was that good, then why did the previous operators didn't continue further, and now the block is awarded to Matad?

The Borzon Block VII, looking at the map illustration, seems quite far on the other side of Heron, so if oil flowed one day, what about the storage or transportation to a warehouse and would additional fees occur?

Since Borzon Block VII is a different acquisition, are shareholders expected to go through the same drilling permit and other legal documentations like they did with Heron?

Conclusion:

Not much has been said about the new block. Lack of details and information as it's early stages, so based on what assumptions are these rampers saying everything is good and giving it a price target of 12p?

We still don't know how Mike Buck will arrange funding but we do know it's near £15million across 8 years. Somebody yesterday tried to downplay this sum saying there is a clause which allows you to withdraw after 2 years, well what is the point of starting the campaign to begin with if that's the case.

Again, so many unknowns. Now of all time the CEO have bidded a new project more than he can manage when he couldn't deliver the previous ones.

The traders here doesn't want to admit and is avoiding the topic of abandoning projects. Okay, if a project didn't work out it's best to move on, eg: wild horse and snow leopard declared no oil signs.

But shareholders were told Gazelle, Antelope, V-raptor, H2 all had oil signs. It's evident that Mr CEO has either misled the market or contradicting himself now as he previously told shareholders these were ludicrous prospect worth millions.

In the end, all progress went to waste. It's like starting all over from square one except the share has been diluted to oblivion.

Why should anyone trust MATAD and how will anyone guarantee there is not a repeat in the future.

This is serious talk, money in the millions are being raised and the CEO can blew it away without giving an explanation?

Where is the credibility and morality? We all come here believing they will drill some wild cat wells and produce oil from it, so the company can make money and start to see a positive balance.

Has that been achieved?

Vagabond, indeed and I have been so disappointed.

I will be honest, the lowest I ever thought it would go to was 0.020

My first batch of shares I bought at 0.067, since I have averaged down to 0.055.

So you see, sitting on a huge loss here.

The loss isn't the biggest problem, the biggest problem is the rapid drop which suggests the market doesn't trust this company.

I'm not de-ramping here, not selling either, but it makes you think will this ever get back up to 0.07 or beyond and what sort of new will it take.

"Oracle Power in talks for $1.4b financing of hybrid RE plant in Pak"

The title is all good and everything but it's concerning that the SP is still dropping.

The bid is at 0.014, I doubt anyone would sell at this price, what's the point of getting back pretty much nothing...

So yeah, think people will just wait and see...boom or bust...

People are okay with projects being abandoned after being told they're highly lucrative prospects

Having spent years of work and millions spent, how could any company just let it drop like nothing has happened

I find it rather disgusting that investors were misled into believing all that.

To further rub salt on wound, our CEO have face to come out with a new block licence and already started to promote that.

Hang on a second, he hasn't really delivered anything and before you know it, let's move onto the next supposedly grand project.

If what we're being told in the past is different in reality, regardless of the reasons. What makes you think current and future projects won't be abandoned.

I don't know about anyone else, but this company isn't being serious. Goal posts and objectives changes to their liking.

A broken trust, and broken commitments.

A good CEO would say and do. Not draft up plans in motion and then drop them out of the blue.

Of course the newcomers won't share the same sentiments, but for people that have been here for 10 years, the feeling of 10 years all for nothing.

Everything I said are facts. Anyone can go back and check interviews and RNS

Gazelle

Antelope

V-raptor

Gobi

H2

Stop shifting all the attention to the new block when they have failed in every past projects.

Talk of potential and upfront payment, all bs

Potential and farm in were all said in past projects too. How did they turn out.

It's being sugar coated.

We need answers for dropping previous projects.

And goal posts constantly changing. Why.

How would you feel if mb says he had abandoned Heron then

It means all progress lost

Millions and time wasted

New project requires new cash and further dilution

They certainly did that with antelope and v-raptor, and more recently Gobi bear, and H2 looks like it would join the list of abandoned prospects

More surprisingly, why is no one asking questions?

It seems like you're all okay with it, so how do you guarantee our Mr CEO won't abandon anymore prospects. 5 years later he might abandon the new block he just bidded

That's not the point.

They abandoned previous projects and wasted millions.

Credibility gone

I bet the new people here don't even know about antelope and v-raptor

I no longer see old usernames like Bonum, Ojay, Manro, CaptainStanley. Perhaps they've all given up

Invester33 questions will need to be asked

How does mb guarantee it doesn't happen to the new block

Again, the Mongolian government never have problems granting block licences

I strongly suspect mb is not telling us everything

Which is very serious, millions spent and months of work wasted for nothing