Member Info for Wigster77

I33: Look up the Lassonde Curve if you're not already familiar with it. This applies to the mining industry, but could also be applied to us too by the looks of it. We've had the "speculation" stage, where the share price rose high as anticipation mounted. We then hit a "discovery" stage (oil production in our case) and from there I believe we're now in the "Orphan" period, where the SP/MCAP dips as there's a realisation that this is not an automatic "money printing machine" and there's a bit more to it to achieve cash-flow levels to let us really grow than just wishes, hopes (and rockets on bulletin boards). The next stage is "Institutional/Strategic Investment", where the SP/MCAP starts to rise...and hey presto, what are we looking at currently? That's right, a Farm-out partner, so that stacks up too. The good news is that this curve ends at a much higher level, when there is a self-sustaining business that can grow and grow.

Alternatively of course our current low SP and MCAP could be solely due to messages on here...

Absolutely Gravy - we should really be at 3p+ with H1 & Gazelle pumping away, and awaiting another push up to 4p+ with good H2 news..yet here we are. I'm sure TBT will blame me again, ho hum.

£41000 buys vs £41 sells....maybe the rockets are working. Come on Bucky, a nice and positive RNS for us tomorrow please.

Gobi Bear-1 has been postponed until next April.

TBT - It was a nod to the use of the word "disappointed" in previous RNSs, so far from pathetic. Pathetic is putting rockets on your messages as if that's all it takes to get to a billion dollar valuation...

Given that H2 was borderline commercial this time last year, you'd like to think that 50 bopd would be easily achievable. Come on Mr Buck...don't "disappoint" us....

Thanks for that insight gadgie.

Great news gadgie and thanks for the confirmation. Can you put any more detail behind this, as you clearly seem to be in a position to know.

I33 - I do take the point that poorly worded RNSs can't take all of the blame/credit for spikes in price but, to be fair, you have told us previously about bots scanning RNSs for key phrases and acting accordingly, so do you not think when MB uses phrases like "we are disappointed" this would have a detrimental effect, both with how human investors perceive the RNS, but also the bots you've mentioned?

WRT lofty price predictions, yes Hamm is probably the master of this...certainly when he's is a uber-positive mood, but quite a few of us have had to "reassess" our expectations with this share!! I remember someone telling us last October that this was the best share on AIM and that it would 100-bag from its SP of 2.3p. I wonder if anyone currently can see us reaching 230p at any point... Wouldn't that be lovely.

* but rather that PM is a company...

"I'm not sure that MB will be able to say anything more than he already has via RNS."

You may be correct Thorno - certainly on the oil side. However, I think there's a bit of PR work which possibly could be done on the renewables side.

We get a lot of info on here about this. Some which directly involves Sunsteppe and some which, whilst not directly involving Sunsteppe, is nevertheless an important part of the wider picture unfolding in Mongolia, and which may well have a positive knock-on effect to us.

My thanks to those people (yes, even WOS) for digging out this info. It's interesting to see the wider picture.

Given that a lot of SP rises are driven on FOMO, sentiment and confidence in a company's overall future, I think it would be good if Mike Buck could give us an update on how things are going with this side of the business...current status of projects and how he sees things progressing over the short/medium/long term etc. It's info that people on here might generally know due to the aforementioned research, but I feel that it really needs to get to a much wider audience. Basically, it's now time to really "sell" this part of the business and start generating that interest and good sentiment for the future. This should hopefully show the wider audience and potential investors sitting on the sidelines that Petro Matad is not just a "one trick pony" where one unfortunate instance of oil not flowing great at Heron 2 or issues with tax is a major issue, but rather than PM a company with the breadth and resources to take such "issues" in their stride and progress on relentlessly.

Just my thoughts anyway...

ATB.

WOS might have more luck if he stops mimicking other users' names (there's also a "MisterPositive" who used to post on this board). I'd suggest W1seOwlSpeak or something similar.

Hamm - maybe there's good news on Heron 2, tax payments, Gazelle flow rate increases and Farm-out, but the delay is that MB is desperately trying to figure out how to put the word "disappointing" into the RNS.

TBT: Current market cap c£20M. £1bn likely to be quite some time away - that's not an attack on the company. It's a correction of your assertion than MATD IS a billion dollar company. Kind of proves how factual your supposed "FACTS" actually are.

TBT: Current market cap c£20M. £1bn likely to be quite some time away - that's a fact.

TBT: "They know MATD IS a billion dollar company"

Current market cap c£20M. £1bn likely to be quite some time away.

Don't know whether it's just me, but LSE is missing a few trades from 11:00 on.

Including the following BUYS:

2,285,707 (assume F3rdinand's)

1,000,000

2,109,555

"If it’s so disappointing why waste your time posting? "

It's a message board for different view points, not just limited to rose-tinted views only...

Proquo put a scathing post ref MB's last RNS yesterday and this was well received (and I not only agreed with it, but foresaw what would happen in the RNS), so at least this proves that we do still have some reasonable and pragmatic posters on here, despite your continuing efforts to control the narrative.

I33: "Pilsbury talking about a 133% increase in production as being " another wasted year..." "

Agree that it's not been a wasted year, but it's certainly not been as well as many of us had hoped and has been frustrating in many respects.

You are the main guru on here of looking back though everybody's posts, so I don't want to tread on your toes, but lets remind ourselves of what the most respected member on here was saying 12 months ago:

It’s game on here 🤩💰🛢️

This is just the start

Heron 2 online this month

Then heron 3/4/5/6/7/8/9/10/11/12/13/14/15 next year

We’ve seen the map

My 2025 prediction:

Massive cashflow from JV

Progressive dividend policy

£5m-£10m over winter

100 BAGGER POTENTIAL

🛢️💰🛢️💰🛢️💰

BEST SHARE ON AIM

Matds 30k barrels a day at $140 is $1.5 billion per year. Yes that’s billion with a B. MASSIVE UPSIDE HERE

Plenty of buyers. Smart money moving in. 100 bag potential from here 🚀🚀🚀🚀

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So, based on current reality vs what the most learned members were asserting last year, you can perhaps understand why people see it as a relatively "wasted year". I would usually recommend that members take a balanced pragmatic view, but this is also bizarrely frowned upon by out learned senior members on here.

I33: The highs and lows of yesteryear are all very interesting, but if you could tell us the highs and lows of 2026 that'd be a lot more useful!!