Member Info for Unnd

Margaret nice to hear from you too.

I look forward to your detailed analysis of my figures

'the four renewables projects supposedly " being worth just pennies " when based on 100k dollars per MW, the top end value of the projects combined would be around 180m dollars.Or half that based on 50k per MW. - hardly " pennies though ",😂'

So how does that relate to MATD given that Sunsteppe Renewable Energy LLP (SRE) is a seperate entity registered in Singapore?

Based on the full amount being distributed to shareholders in SRE and assuming that no monies are used for future cashflow or invested in the projects:-

$180m = £133m

£133m less 25% MG Corporation tax = £100m

£100m divided by 2 = £50m (MATD/Sunsteppe Energy LLP)

£50m divided by 1.85B shares = 2.7p @ $100k/MW or 1.35p @ $50k/MW

I see that ADW189 aka LuckyRambo aka RealProTrader aka Wiseowlspeak aka ???? is back.

He is ramping MATD on other boards again.

Should not be long before he is banned again.

“what about the costs involved with getting those wells to be productive? Surely this needs to be recouped as well…”

The costs are recouped through the PSC - 'cost oil' - based on production.

Margaritas, I asked you if you had anything constructive to say about MATD, not about me or anyone else.

Jeez you could not even get that right.

Hi Margaritas, do you have anything constructive to say about the Company?

Also for clarity any farm in would be for the Block XX PSC and not just Heron.

MATD are looking for farm in partners on Block XX and Block V11

TBT I think we are on the same page. By free carry I mean that the farm in party incurs all expenditure up to the agreed amount therefore MATD do not incur any costs until the amount is expended. At that stage the income to MATD more than covers their share of future drilling costs whilst increasing income. I would also hope that any farm in partner becomes the operator.

Hi LuckyRambo aka RealProTrader aka Wiseowlspeak, good to see that you have curtailed your ramping and have reduced your Heron asset value to $300m from your previously stated $2-$4 Billion.

I noted that in the recent presentation the CEO stated that he would keep with the original asset value of $150m rather than any enhanced value at this stage. That may give shareholders some idea of his thought stream when assessing any farm in proposal.

In my opinion any farm in is likely to be around 50% for up to $60m free carry on drilling or 25% for $30m of free carry dependent on the number of wells required for MATD to be self sufficient on their share of the PSC.

MATD have incurred costs of around $60m to date on Heron.

Happy to have an intelligent discussion if it is based on fact or realistic opinion.

LuckyRambo, got me where? My position has not changed. You appear to be very confused and seem to have lost track of your argument.

Luckyrambo, you really do need to read up on how a Farm in works before you make any more foolish comments.

It is quite simple and as stated by the CEO in the presentation,. MATD are looking for a farm in partner for Block XX.

Margaritas, I do not claim to be an expert but unlike you I do research the industry that I am investing in. You would do well to do the same, unless of course you are not invested and just here to name call.

Hi Adw198, Yes profit oil is split at the agreed %age. Once the fee is spent (e.g. $60m) then the costs are then split at the agreed %age going forward. It is established principle and how farm ins work.

It is all about shared risk and reward.

Margaritas/Lucky Rambo/RealproTrader/Wos - please filter me if you are not capable of understanding or commenting on my post.

I see that this BB is still full of posters who just want to name call because any discussion is beyond them.

Jeez - some posters would argue black was white if it suited them.

It is quite simple and neither bull or bear to accept the fact that established principle for a farm in is a given %age of the PSC (Block XX in this instance) for a fixed fee. It includes all past present and future wells which is reflected in the % and fee. The defined date is usually when the farm is agreed in priciple but prior to signature. It requires MG approval as they are party to the PSC,

We do not know what the percentage is in this instance but my guess would be 50% stake in the PSC and a free carry up to $60m on future drills. That to me shares the risk and reward going forward.

Abzzba - You need to do some research on farm ins. MATD are recovering the costs incurred to date by virtue of the free carry (and maybe a small payment) it is common and accepted practice. MATD then also profit from the future wells without having to incur any further costs until the $60m (or other figure) is spent. Common accepted practice.

Abzba - yes from a defined date the farm in company will get a %age of the PSC which includes all existing and future wells.

Abzzba - no doubt on my side. It will be a straight %age of the PSC from a defined date irrespective of when the well was drilled. It is accepted practice in the oil industry for a farm in. What we do not know is the % and the value. I have given you my thoughts on both.

Thorn/Abzzba, It is not practical to split the PSC and from my experience unheard of. It will be a straight %age of the PSC from a defined date. There could also be a small cash payment from the free carry amount.

Non of us know what another company may offer for a farm in into the Block XX PSC but please note that it will be for the whole of Block XX and not a part.

It will also require the MG approval.

At the least, in my opinion, it should be a 50% farm in as operator with a free carry of up to $60m, which is equal to the costs incurred by MATD to date.