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Still no JV deal....

Has MB conducted proper checks...

Don't want the flow rate to drop off like H1 did....

🥱💤

Or there could be problems they didn't forsee, and now it's taking longer.

What happened to the cheap and quick fix for Heron 2?

WTF still no news.

Winter shut down approaching.

Months of inactivity.

0.4p inbound.

Imho and DYOR

Get out of this share now.

Winter shut down approaching.

Months of inactivity.

0.4p inbound.

Imho and DYOR

It's been said time and time again.

Let's keep it real. MB has proven he cannot be trusted.

The market has lost confidence in Matad and rightly so.

It's time for Buck to deliver to expectations, no more hypes and talks, we want actions and results!

No good saying things will SOON happen, instead, how about just DELIVERING them.

What's holding them back?

10 years not enough time for them to sort themselves out?

£180 million isn't enough to get one well onto production on a satisfactory level?

H1 went from 821bopd to being choked back to 200bopd. Turns out it was 160bopd and latest report was 150bopd. MB once again wasn't transparent with shareholders.

What happened to the H1 & H2 well modification and production ramp up?

This company operates on new hopes and raises, but nothing ever materializes like the JV and farm in talks that has been ongoing for 10 years. The plan (or should I say hype) to become a sufficiently self-funded company seems like it can only exist in fantasy.

Cash won't last in the Matad bank, they will require heavy funding and Borzon alone will require a whopping £14.9miion over 8 years.

The long term holders have all lost money here. Gone are the days people invest based on empty promises and trust, time to show some results.

If MB is that incompetent, then perhaps he should find a job at the local corner shop selling chewing gums instead.

All in my opinion and DYOR

🤡 🤡 CEO Statements Vs Results! 🤡 🤡

Based on MBs past statements and hardly any of them have been delivered, I can't see why anyone genuine would trust him anymore....

*When MB said 60-70% COS, all wild cat were dusters

*When MB said ongoing JV interests from multiple parties, no deal in the past 10 years

*When MB said exclusivity and support from the Mongolian Government, extensive bureaucratic processes hold ups

*When MB said fully funded, he then raises funds a few weeks later

* When MB said the company needed funds to help the company stay afloat after the COVID period, he got the funds and went and blew it on Gobi wildcat.

*When MB said Gobi evaluated to be a good prospect, it turned out to have no sign of oil

*When MB said H1 flowed at 821bopd, he then choked back the well for a maintained flow rate of 200bopd, but then the final flow rate turned out to be 160bopd

*When MB said Heron has millions barrels of oil potential, he then goes bid for the Borzon Block and thinking of moving onto that block instead

* When MB said H1 is a quick easy fix with a cheap sand screen, he then says in the next RNS alternative methods may be required

* When MB said payment is expected in May, he then tell the market of the tax issue like he wasn't expecting it.

* When MB spoke of plans to boost H1 production, he then drops the plan like he never mentioned anything

Would you wanna trust such man on your investment decisions?

All in my opinion and DYOR

Winter shut down approaching fast.

There will be months of inactivity.

Imho and DYOR

Once this hits 10p then the next stop will be 30p, and before you know it, it will be 90p, the onto £££s.

Need the right news to start the spark. Funding news then contract announcement etc.

I prefer the 60M plan is to buy WhiteSpace.

The logical reason for that can only mean DH are expecting government contracts, otherwise it makes no sense to expand the size of the business.

Cevodniya,

An attempt to agitate me or what. I'm not offended one bit as it's about investment, not a vocabulary contest.

Though that wouldn't save you from being put onto the filter list. You add nothing of value.

Warrie,

Thank for your insights on this.

I have been burnt so many times in the past, but I do think this company is different, at least that is what I think at this stage. I have invested a good sum in here, but one I can afford to lose if it comes to the worst, though I don't think that will happen.

Hope I am right on that one.

Warrie,

My opinion is that if the MoD have nominated the 3 parties for the project, then it's only natural that contracts would follow.

It makes absolutely no sense to form the collaboration between WhiteSpace, Defence Holdings, and Google only to them award another party with contracts.

MMs are spreading fear for cheap shares.

This will be closer to 10-12p by year end, I reckon

I wonder if the other projects DH involved with will have anything to do with the digital IDs. I have a feeling it might because that falls under national security too.

The UK government has literally given these guys a license, a certificate of approval, to work on something that is needed, and will be on the top list of priorities on the national level.

Why so many doom and gloom over dilutive funding. There are many options on the table. Government funding being one of them. A loan of some sort could be another.

I think we all need to focus on DH being formed to help build a national project out of urgency. This is destined to succeed on the day the company is founded.

Don't forget Ixian is only one of the projects and there is more to come.

The MoD and the UK government will lose face if DH and their partners can't deliver to expectations. That's my take on it anyway.