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Out of interest, what’s your average here master?? You seem mega stressed out by MATD.

If dividends are on offer I’d never sell. Got these in an ISA. Tax free dividends with the current UK tax regime is like receiving double. If you live here you’ll know what I bloody mean 😭😭😭

There is an * (subject to farm out) next to the work programme.

Which kinda feeds into the theory they are waiting to farm out. Conserve cash. Then maybe review it in August if they’ve not landed a farm out deal.

That’s my take away. Other views welcome.

As per the 2021 investor presentation, radial drilling only costs circa $175k

With $5m-$6m dry powder, I agree with 33, they need to radial drill the hell out of it

I know CW. best of luck with your investment here 🤞🏼

You can’t reprocess something that hasn’t been processed before. And doesn’t currently exist

Just to clarify Manx:

“ The counterparty chose to do some seismic reprocessing of Block XX data. We await their feedback.”

They aren’t shooting new seismic but reprocessing existing seismic

The shooting of new seismic is separate imo.

0.5p is £75 million market cap

1p is £150 million market cap

I think it’ll be over 1p by year end 2bh

Best of luck 🤞🏼

If you think a farm out will land this year then it won’t be a slow year. The share price will re rate hard. Mark my words. The key element for oilers and miners is funding. If you secure that this will multibag rapidly imo

I get your point Abz 2bf

I think it’s important to counter certain narratives though.

The stock bashers had 3 lines of attack before the AGM:

1. The farm out talks have ended(master said this numerous times). This has been disproven.

2. MATD will fund raise. The company will have $6 million net cash soon. No debt. No work programme. And are cashflow positive. So make your own conclusions.

3. PC haven’t paid MATD. They were right about that 2bf. But it appears it’ll be resolved quite soon and MATD will receive a lump sum at a higher oil price.

I think some of them have bought back in (cough cough Hamm cough cough). And the board might be quiet for a while.

That’s until they can scalp 20% and then the cycle starts again

Enjoy the silence 👌🏼

Zesty: great time to buy. I keep topping up. I stick to my 1p in 2026 prediction. Once production starts 🔥

Doc: they’ll have $6 million in the bank when PC pay

The G & A is circa $2.5 million annually

The income from current oil sales could be between $5 million and-$7.5 million annually

No debt to service

Look at the latest satellite imagines- not much is happening on the ground. So our cash position will build.

I think we will wait till September to agree a farm out. If not, they’ll “do something”

Regarding the past, I don’t think it’s applicable. This is a cashflow positive oiler now.

Re renewables: how much has been spent historically? What financial livabilities do we have in the next 12 months? I can’t see any evidence of major expenditure on renewables.

What evidence do you have for that doc?

We will have $6 million in the bank soon

Radial drilling costs $175k

G and A is only $2.5 million annually

Oil inventory continues to build up

The company is cashflow positive

And farm out talks are ongoing

Tony: at $100 oil we receive $62 net back.

That’s after all expenses

Trucking. Processing. Extraction costs etc etc

The price of the oil is exactly what Petro China get from Chinese oil traders.

Daqing minus $1. Basically $1 below Brent.

If net back is $62 on $100 oil

What will net back be at $90 oil?

Probably $58??

I dunno. 🤷🏻‍♂️

But still pretty good imo

35,000 @ $58 is still $2 million

A nice chunk of change in a lump sum 💰

I don’t think Doc is right. The biggest concern for investors on AIM is a discounted raise. That risk hasn’t been fully removed (because no one knows the future) but the chances are pretty low now imo

The next risk is non payment by Petro China. That risk is pretty low because they are likely to pay very soon.

The final risk was the company saying “no one is currently negotiating a farm out. All parties have exited negotiations”. We have 3 parties currently in negotiations to farm out. One party is conducting the type of DD which suggests a deal is close.

So the RNS and AGM were very positive in that regard

33: I wouldn’t be too sure about that. Regardless, the price of oil won’t jump back to “normal” for many months.

Two near term catalysts for new buyers:

1. Farm out agreement

2. $2.2 million payment from Petro China for 35k barrels of oil

ZEUS NOTE:

"Petro Matad’s wells are delivering good production, and contemporary oil prices should boost cash flows when arrangements with PetroChina are finalised. This should give the company funding for a 2026 work programme, potentially including new production opportunities from existing wells, and providing news flow"

"Farm out process remains ongoing. Petro Matad’s farm out process remains ongoing. The company continues to advance discussions with its primary bidder, which is carrying out its own reprocessing for some Block XX seismic data, lengthening the farm out process. At the same time, Petro Matad also reports increased interest in its farm out process over recent months, as the current oil price environment, and increasing moves by LARGER COMPANIES to secure future production, help demonstrate the value of the company’s discovered resource position.

Petro Matad is also seeing interest in its Block VII exploration asset.  Any farm out deals could be transformational for Petro Matad, particularly if they allowed for a significant new development drilling programme on Block XX. The current industry environment is clearly supportive, and we await further updates."

"Mongolia renewables business also advancing"

"Overall, we are pleased to see the strong production that is being achieved, and are encouraged that cash payments for this from PetroChina should be secured shortly."

😂