Member Info for VerbierDave

I just had to pay 8.85p for a few more thousand

Just had a top up of 45k shares fingers crossed news flow will start soon.

It could be interesting to see if there is an RNS tomorrow prior to the interview with Malcy to give them something to talk about??

It's called a Pump and Dump lol and as it has been consecutive rises each day thats not what is happening at the moment, the SP is moving up on speculation that a deal is going to happen.

I have a sneaky feeling that a lot of investors are waiting on the sidelines until after SL to come in for WH and the massive potential It has but time will tell to see if I’m right or not. Obviously if there’s a find on SL then it instantly goes bananas.

It seems the market makers don't really want this to move anywhere keeping the spread under 1%. good for the traders to be able to make a couple of % here and there though.

Interesting times Mikey, it's all good food for thought. It really is quite an exciting time to be invested in MADT, yes gutted about the placing as all my profit got wiped in the opening bell and thought I had bought in at a good price however, I'm in this for the bigger picture so 2 or 3p won't make a massive difference come my end game fingers crossed.

I personally think any farmin partner would be lucky to get 25% for £50m at the point we are at now. MATD are in a position of strength with x6 fully funded wells plus a cash surplus come the 4th of July when the new shares hit the market. If a partner waits and we hit in any of the 4 2018 wells then it’s going to cost them hell of a lot more to get a slice of the action and this is why they might opt to get in before Snow Leopard at a much lower cost to them even if it’s to just buy into Fox next year they’re better off doing it at today’s SP. Time will tell though.

Bucc - If I remember correctly the rig move to Wild Horse is included in that 70 day timeframe for Snow Leopard. However I may be wrong.

Hi Mr P, I was looking on the company website and SL showed two main targets and I think your drilling timeframes and what I was thinking are about on par obviously depending on the geology. Fingers crossed for SL but tbh I'm really looking forward to WH as thats the biggie but if they hit on one of the SL targets it's a game changer already. Not long to wait now, I'm guessing as long as there are no problems that we should spud some time between the 7th and 14th of July but obviously thats pure guess work.

So I've been doing a bit of research and thinking about time lines and my thoughts are that they have a couple of targets on Snow leopard and the first target after spud should take about 3 weeks or there about depending on any complications etc and then a couple more weeks to TD and the second target. I used the drill targets 2017 presentation for targets and depth / time predictions. I'm sure things may have changed slightly with more time on the data but wanted to figure out how long after spud to expect news. Has anyone else been thinking about this and got more specific data as mine is clearly just guesstimating?

Especially if it's cancelled due to a JV, now that really would be fireworks, However I do hope they have to pay a hefty price for that JV......... £50m for 20%? Which when you think the size of the potential is peanuts.

Lol just thinking of all the possibilities and the wording of the RNS, I could be putting 2 and 2 together and coming up with -5 though lol

Adding some more thought to it I wonder if this is a reason the second rig award hasn't been awarded yet?? If a potential JV partner also happens to be one of the tender companies for the second rig?? Just putting it out there

I can't believe I missed this in the RNS, I guess the problem when reading on your phone. It's very interesting statement and reads to me that MB is giving any potential partners a deadline, you have until the 4th of July (which amusingly is Independence Day) or we go alone and yes we can go alone because look we have just been over prescribed for a fundraise so you had better get you pen out and sign the check or your time is up.... I do agree with Fundraiser that the "family" would still want to make sure they are the majority share holders though so something might be done there with their subscription to the offer. Hmmm the next few weeks could get very interesting.

I’m sure all of the BB will be glad to know the answer as it would give a great indication of when they will spud

So you can’t answer any of the questions then Spanish...... in the know hmmmm

Okay Spanish if you are so in the know, how many lorries are being used to transport the rig to the pad and is the camp already set up? Are the crew already in country? What is the distance from the rig yard to pad and what are the roads like to the pad? What date would you expect rig up ready for the start of HSE checks pre spud? Are the logging and cement units already in county yet? I’m sure with it being such a small community it must be the talk of the town and you will know all this

Okay Spanish if you are so in the know, how many lorries are being used to transport the rig to the pad and is the camp already set up? Are the crew already in country? What is the distance from the rig yard to pad and what are the roads like to the pad? What date would you expect rig up ready for the start of HSE checks pre spud? Are the logging and cement units already in county yet?

Jnd yup