Member Info for Wigster77

TBT - where's the negativity in my post?

I33: Can you give us a bit more info on the SOCO deal? From my limited research it was the following:

$30M upfront payment in cash

$10M payment in cash after 18 months

$53M payable after cumulative production hit 27.8million barrels.

Is this the one you're referring to? I'd personally want a much better deal for Heron.

By no stretch of the imagination has this been a "fantastic year" for MATD so far. I still don't think getting rid of Mike Buck right now would help the situation though. Let's just hope that Heron 2 proves to be fixable and we can build from there. Who knows, we could get a decent Farm-out deal over the line too, but either way, we need to hit the ground running in 2026. Waiting until August/September to commence drilling work has put us behind the 8-ball yet again, and we find ourselves running out of time to get H2 sorted...after already having to postpone Gobi works. Hopefully Mike Buck will learn from this and the many other mistakes and challenges that 2025 has brought. If not, then the time may come where we would indeed benefit from MB being replaced.

ATB & GLA

Yes, thanks Abzzba - good to have that confirmed and looks promising for future increases. Strange how this detail was left out of the RNS.

Agree - this was my post a couple of weeks ago (maybe it's Jerry's tackle that has caused the flow issue...):

"I think we will get an RNS next week. Hopefully it'll be 100% positive ref H2, but please don't wrap it in any less than positive news. NO negative language please Mr Buck. No use of phrases like "we are disappointed" or "Unfortunately" or "we continue to push, but..."

We certainly don't want to hear about gearboxes breaking, too much rain or that poor old Gerry has had a heart-attack due to stress, keeled over and got his tackle stuck down the borehole or something equally as needlessly disclosed.

If it IS positive news, leave people in no doubt, by using relentless positive language in the RNS.

Thank you and GLA"

Yes, this will definitely finish above 3p. FACT.

Horsers - Yes.

Yes I33 - always need to be aware of the inevitable pull-back!!

Can't argue with any of that, Proquo. I, too, would be ecstatic with 10p, but have seen many stocks just fly ridiculously on sentiment/FOMO etc (ALRT's 100-bagger this year for example), so who knows what may happen. Exciting times.

GLA.

If you bought at a price below the mid-point of the Bid/Ask, LSE will assume it was a sell. Annoying, but at least it shows you got a good price!! ATB.

"And once the long-awaited farm-out deal lands, 20p+ isn’t unrealistic at all"

What's your timescale expectations for 20p, Hamm? Personally I agree that it's do-able, but I'm not expecting these levels until well into 2027. Of course, with a following wind (great Farm-out terms & a partner who really gets a move on with the drilling), GOBI success, Gazelle 2 drilled in short-order and excellent Sunsteppe news throughout 2026 etc etc, then my timescale could prove overly pessimistic. It's certainly nice to see the SP rising day on day, with hopefully more to come with H2, to give us a nice "springboard" for future potentially transformational news.

Interested in people's views.

GLA.

Gadgie - Gobi is planned for April 2026 now, as per the last RNS.

Lots of trades full ask paid and one actually a touch over (not showing on LSE for some reason).

Thanks - I'd missed that. It doesn't make it clear if that would be the same Farm out partner as XX or a different one, but I don't suppose it makes much difference either way.

For some reason I had it in my head that the Farm-out was Heron only. No idea where I got that idea from - possibly discussions on here or previous RNSs, but the latest ones definitely do just say "Block XX", so yes that would include Gobi and Gazelle too possibly. The 30th July RNS also mentioned looking for someone for "Block VII exploration", but I guess this is now likely to be MATD alone or a separate partner.

"Block XX could be due a complete re assessment with our discovery at Gazelle ! Could H2 be better than we thought ?"

MB said in the July presentation they'd upgraded their estimates from 33m to c60m barrels of recoverable oil after revisiting the data. Would obviously be great if they could get it even higher.

I think we will get an RNS next week. Hopefully it'll be 100% positive ref H2, but please don't wrap it in any less than positive news. NO negative language please Mr Buck. No use of phrases like "we are disappointed" or "Unfortunately" or "we continue to push, but..."

We certainly don't want to hear about gearboxes breaking, too much rain or that poor old Gerry has had a heart-attack due to stress, keeled over and got his tackle stuck down the borehole or something equally as needlessly disclosed.

If it IS positive news, leave people in no doubt, by using relentless positive language in the RNS.

Thank you and GLA.

"A realistic present-day buyout (before mine construction) would probably fall around £3 – £5 billion

This translates to roughly £4 – £6 per share."

Where do I sign?

"a magical recovery up to 6.5p on the same day"

Today would be a lovely day for one of those...

"Why is this dropping"

Traders maybe loaded up in the last few days expecting a Thursday RNS. Now that hasn't happened, it's likely to not land until next week, so the traders can sell out to do their stuff on other companies today. I'd expect a bit of a "Friday FOMO" tomorrow . Just IMO and could be miles off the mark..