Member Info for Wigster77

Ditto Proquo - I could live with £400K profit..

Discussion has been far better so far this year - people with differing points of view and putting their respective cases forward vociferously, but politely is always the best way. None of us know exactly how this will unfold during 2026 - not even MB, but always good to see the thoughts/predictions/hopes/expectations of others - even if I still don't think we'll see a 200-bagger in my lifetime!! ATB.

This year will certainly be another interesting year, without doubt.

This time last year I made the following prediction:

Jan/Feb - Sign offs and hopefully news of the new PSCs and robust plan for 2025

March - News on renewables - although I'm not sure this will do much to the SP at this stage

April - H1 uplift to 500bopd, hopefully more. Fund raise - 300/400m shares, depending on what SP is doing.

May - H2 rectified. Hopefully this is not too expensive. Again, 500bopd would be nice

June to Oct - H3 and H4 drilled (hopefully without issues). Possible work on GOBI.

I'm setting my expectations at a year high of 3.4p, possibly dropping back to 3.2p at end of year.

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Not a bad stab I think - at things which, lets face it, are very difficult to predict with the sort of business/location we're in. I'm not going to bother predicting monthly activities this year as the usual suspects will just twist it all into further "proof" of boiler-room membership etc if it doesn't fit their "200 bagger!!", "Dividends in 2025!!", "🚀🚀🚀🚀" assertions.

However, I will say that although this stock is a severe test of patience, progress does seem to be being made and we are in better shape now than we were a year ago. Given I was a little bit out on my SP prediction last year, I will set my prediction at a high of 1.70p for this year, which would at least put me in profit. Just a fun guess remember, and I hope for us all that it goes a lot higher.

Happy New Year all and fingers crossed for a decent Farm-Out deal and a springboard to better things.

Margaritas, keeping quiet might avoid embarrassment, but never questioning anything is a terrible investment strategy. If a claim is solid, questioning it strengthens confidence. If it isn’t, questioning it helps to reveal that.

Congratulations on reaching 1000 posts by the way. Looking forward to a lot more insightful, company-focused posts from you.

A week or so ago we were having one of the friendly debates for which this board is renowned and the subject of works not commencing until late in the year came up. In the recent presentation, Jerry mentioned having to get budgets signed off by the "authority", I asked on here if anyone know who he meant. No one knew. We also mentioned about the PM maybe getting their own drilling rigs, so we don't need to end up in a queue waiting for DQE (or whoever) to be available. I put this to the PM IR dept and they kindly responded this morning:

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Thank you very much for your enquiry and for watching the IMC presentation.

The authority referred to is the Mongolian regulator. Petro Matad has very short, very quick internal approval mechanisms. The problem with the bureaucracy is that many important approvals are done in series rather than in parallel. For example, a company cannot operate without an environmental management plan approved by the Ministry of Environment. Nor can it secure water usage and other locally issued permits. The Ministry of Environment will not approve the company’s plan until the regulator has approved the operator’s budget and that must be submitted by end October and by regulation will be approved before 31 March. Every year there is a major push to get a rapid turnaround. Even then the Ministry of Environment can take time to approve, so we chase that too. Once approved, the local permits must be requested and processed by several local government departments. The system needs streamlining and Petro Matad has made various proposals in this regard.

Matters can be improved by having long term contracts for large work programmes. We hope one day to be in that position.

As regards owning rigs and crews etc, most oil companies have moved away from this over the years and outsource the work to specialist contractors. This is because the management of the rig business is manpower intensive, the cost of maintenance and staffing is high and it is a constant battle to win contracts to make sure that equipment and crews are working at all times, otherwise overhead continues when income does not. Petro Matad has informed buyers on staff for all the services it needs but to staff up and to actually own and run rigs would be extremely expensive.

We hope this clarifies your questions.

Best wishes,

Petro Matad IR

Do we think the government is doing enough to help Petro Matad?

Let's say the Farm Out fails or it is not of a large enough scale to enable us to ramp up production enough to fulfill the needs of the refinery - will the government step in with additional support or funding? Should they?

Thoughts?..

Late 2027 is still fine as we need time to ramp up our production anyway. Even with a stellar Farm-out deal, we're not going to go from current bopd levels to 15,000bopd over night.

I'm older than you TenBag and have enough life experience to spot when someone is just making things up to point score. You're a professional antagonist - anyone can see that.

TBT, we dealt with the Shyster comment when you first tried it on:

"Various etymologies have suggested an antisemitic origin, possibly associated with the character of Shylock from Shakespeare's The Merchant of Venice, but there is no clear evidence for this"

"The United Kingdom's Advertising Standards Authority (ASA) ruled that while "some viewers may find the term distasteful," a television advertisement that used the term in a derogatory context did not "cause serious or widespread offence" according to the CAP Code.[6][7] When contacted by the ASA, the Board of Deputies of British Jews stated that they did not have concerns with the advertisement's content."

OK TBT - here's a serious question for you. Let's pretend all of the BASHERS (has to be in capitals apparently) and Negs....and even the "reasonable" people who you hate so much didn't exist. What do you think the SP of the company would be currently?

Thanks for repeating the "ANDREW D WIGSTER" bit TenBag, reminds people how bonkers you are. Like when you accused TT1981 of being ADW too...just because ADW had a "T" in his throwaway E-mail address :-D Loony :-D

TBT: "You keep repeating yourself" "Let’s not waste our time going over the same ground"

Comedy gold once again by our Main Character!!

Tenbag, if logging onto this board from 6:48am on a Sunday and posting repeatedly (25 times today and counting) to satiate your "main character syndrome" and paranoid delusions is your idea of fun, then you lead one hell of a boringly pathetic life. I'm sure you won't be able to resist replying, in order to confirm this to all on the board. Get a life. Or some help.

As I said: "Seriously, seek help. You seem to be having some sort of mental breakdown."

Read TBT's last post and tell me I'm wrong.

Tenbag, what the hell are you blithering on about. Day after day after day, the same old crap. You moan on and on about people being here 1000s of hours a day, but look in the mirror mate.

Seriously, seek help. You seem to be having some sort of mental breakdown.

Jerry is TBT - notice how he's not posted on here during the presentation.

Jerry!! Jerry!! Jerry!!

He's there!!

The origin of "shyster" (an unscrupulous person, especially a lawyer) is debated but most likely comes from 19th-century NYC slang, evolving from German "Scheisser" (a worthless person/defecator) or British "shiser," used for scammers, eventually applied to unethical lawyers, though it's unrelated to Shakespeare's Shylock.

Debunked Theories:

Shylock: It's not derived from Shakespeare's character Shylock, despite common assumptions.

"Shy" (timid): While some suggest a link to "shy" (meaning timid or disreputable), the German link is considered stronger.

1.44 open

As with most MATD RNSs, they seem a bit disappointing on first glance, but get better after a few re-reads.

Farm-out clearly the big news - I would hope that MB and the team have got a full 2026 work-plan in place ready for any signed agreement, so that we can really hit the ground running.

The importance of this is obvious, given that we've simply run out of time to complete planned works over the last 2 years now. We need to start out work as soon as Winter lifts - it's as simple as that.

H2 is obviously a disappointment, but might be rendered almost immaterial now if we get a decent Farm-Out deal and a full suite of 2026 Works in place. (Obviously it's still worth completing, but clearly wasn't seen as a "make or break" for the Farm Out negotiations).

Not really sure what the SP will do, but with Farm Out hopefully not too far off I certainly wouldn't want to be selling out at this stage. Hopefully we'll see some big-hitters taking positions in anticipation for a deal announcement.

Just my initial thoughts. Oh and welcome to the board Googoosh - your posting style reminds me of someone, but I can't quite put my finger on it...

GLA & ATB.