RE: Noise vs Reality: Petro Matad21 Apr 2026 16:22
Despite the numerous TROLLs not a lot has changed "except the oil price" which means we are making more.
Back to the company
The facts remain the same, the company is in a great position with news due on the farm out.
1: Block XX has billions of dollars of oil. (recoverable 60,000,000+ barrels)
2: H1 averaged 161 bopd in 2025 and still producing strongly, Gazelle which our resident trolls said was a dud is still producing and contributing to our bank balance, Gobi & H2 delayed until this year, hot wax wash at H1 likely increase production by around 20% though the company have said they will put off the wash while oil prices remain high.
3: Mongolian ministers pushing for the refinery to be completed 2026/2027, sooner the better for MATAD as we make a lot more selling our oil direct to the refinery.
4: Mongolian oil production dropping, they need block XX developed ASAP, Mongol production 14k bopd, refinery needs 30k bopd.
5: Once supplying the refinery via the pipeline we cut out middle man handling/transportation costs and get circa $12 more for every barrel of oil.
6: Farm in proposal received after due dilligence field visit, almost certainly by Indian explorer, no doubt PC interested as well as the recently signed MOU demonstrates, i would imagine PC would prefer a complete buyout of block XX, the Chinese are not known for sharing.
7: Brent still around $95 so our bank balance looking healthier every day.
8: No debt !!!.
Be wary of our TROLLs and their attempts to seed doubt.
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