Member Info for Unnd

RPT/WOS, the loan agreement will have caveats on both sides to protect both parties and not just an automatic right at any time to access the loan - Business fundamentals 101.

This conversation reminds me of our discussion when I had to correct you when you stated that MATD could get an RBL if they took the Google definition of an RBL to the Bank.

I see that the BP board have now become wise (no pun intended) to you and asked you to stop ramping MATD on their board as you appear to mention MATD there more that you mention BP. I also see that a poster over there has correctly likened you to WOS.

Imo what you are doing is deceitful and disingenuous to both boards.

Proquo, sorry if I am not being clear. I am not saying that we drop BlockVII or the renewables. I am saying that the CEO must include those commitments when assessing the cashflow over the next 12 months.

Proquo, the CEO has to make a statement in the accounts to the effect that the company has the necessary cashflow to meet its commitments over the next 12 months. From previous RNS's it appears that there is a sum of monies committed to Block VII and imo there must be some expenditure to progress the renewables side of the business over the next 12 months. With the exception of drilling more wells it has to be Business as Usual.

From my experience a CEO will also build in a contingency into the future cashflow projection.

You must have seen it with other AIM companies when the going concern statement is dire or not signed off by the auditors - the shares tank and rarely recover. Its a risk.

Proquo I have also bought over the last week to bring my average down from 1.9p

Some may think that I am mad.

Proquo, I stated in my opinion that a raise was imminent and gave the figures as a basis for my opinion.

It is only the CEO that Knows the true cash position but from my understanding he will not be able to make the going concern statement based on those figures given the commitments that MATD will have on Block VII and the renewables via the 50% shareholding in SRE.

You are free to make your own judgement based on mine or your own assessment of the cash.

Proquo - Has any stockbasher apologised for getting the 'imminent' raise prediction wrong every day for the last sixth months?

Imo you need to review the posts and direct your question at the relevant posters.

In any case what has that got to do with the investment case of MATD?

Correct $125k/month.

ProQuo - it is imminent to me because the year end accounts are out next week.

Maybe previous imminent raises were mentioned by some due to MATD's prior intention to drill 5+ wells per year on their own and build up to 9K bopd. That changed at the AGM. A raise may also have been imminent for some due to not getting paid by PC but as you are aware that has now been resolved. The situation is always fluid and you have to adapt your position based on current events.

ADW198 - yes I meant that if it is with Petrovis then it is good but if it is on the open market it is bad.

Apologies if it did not read that way.

There is no suppression of the SP at the moment because there is very little demand either way.

Potential investors are sat on the sidelines awaiting news of funding.

At the absolute best case MATD have $1.8m in the bank if they have not expended money on Block VII and renewables this year.

At 160BOPD MATD is loss making with an income of circa $200k/month (subject to favourable resolution of tax matters) and base running costs of circa $325k/month.

The 2024 audited accounts have to be out prior to month end and the CEO has to make a statement on a going concern basis for the next 12 months.

It is hard to see how he can do that even with the minimal commitments MATD now have.

I am not sure that the market will accept a statement that MATD have loan facilities in place with Petrovis, without actually exercising those facilities prior to the statement.

IMO, take it or leave it, funding is imminent whether that is a loan or a placement with Petrovis. If it is funding in the open market and not Petrovis then that will give shareholders an indication of the likely JV happening on favourable terms.

My average is now 1.6p but I realise the short term risks in the hope of a long term buy out of Block XX PSC on good terms.

One thing is sure and that is nothing is a sure thing with investing.

Adult comments/observations/corrections welcome.

I33 with respect your analogy is incorrect. You would need to compare the value of a barrel of oil in the ground to the value the farmer in Brazil gets for his coffee beans and not the price in Costa coffee.

I33 you are correct about the personal insults. Unfortunately you guys, who do not face reality, are bringing me down to your level and you know what they say about arguing with a fool.

RPT - I said that I used the $5/barrel from experience and research. I was wrong to assume that other posters had some knowledge and had done some research without me having to explain the basics.

I33 - there you go again repeating what someone else has posted without knowing it as fact, which is what you admitted yesterday - jeez you guys.

Abzzba has posted the range of values and I posted the AET value from yesterdays RNS at $4/barrel.

You can lead a horse to water but you cannot make it drink.

IMO I think that you should give up investing in shares as you appear to be a confused individual.

I see that RPT/WOS has now accepted that $5/barrel for reserves is a bonafide figure to use. I think we all knew that but unfortunately WOS is new to this game and we have to spoon feed him every bit of information.

I see that RPT/WOS did not take long to revert back to type with the name calling and playing the man and not the ball, I guess if you do not know much about share dealing then you have to revert to that.

Investor33 - I am aware of the possibility of enhanced recovery as it is quoted in the MATD yearly presentations and various more recent reports e.g. Progressive Report in Dec2024 and others. The 33m barrels is quoted in the CPR which is in line with the other Blocks. If PC make an offer they will not take into account any possible enhancement as it is yet to be proven.

No = know

Abbza - thank you for posting the AI response which backs up my $5/barrel valuation which is also in line with the AET RNS today.

I look forward to the apology from Gigi, Investor33 and Realprotrader aka wiseowlspeak for there childish name calling and complete nonsense.

I don't suppose they will apologise because they are that type of person with no self awareness or seld respect.

$2-4Billion value with a $1Billion price tag which is sheer nonsense and shows that they no nothing but they do insist on posting - I wonder why?

Yes ADW198 i realise that you only gave an example for comparison purposes and not an actual value for Block XX. Unfortunately as usual a disingenuous poster twisted it to suit their agenda.

Hi ADW198, have you noted the RNS today from AET.

They have acquired further assets in Angola which gives them additional production of 1000bopd and 2P reserves of 10m barrels. Their presentation states, amongst other things, that it is equal to $4barrel/2p reserves.

Also worth noting that AET have a market cap of £113m with production of 7300bopd, 2P reserves of 65m barrels and net cash of $12.6m (actual cash $54,8m).

The above gives credence to our discussion on the value of Block 20, however I am sure that some posters will stick with their valuation for Heron at $2-4Billion with a price tag of $1billion+.

There is no hope for some or alternatively they are just disingenuous posters.