Member Info for Wigster77

There was a buy of a 1,000,000 at 10:50am not showing on LSE as well. Fingers crossed this sudden volume increase is a sign of imminent good news.

Absolutely I33 - last Tuesday we had 39017 buys (£327). Today as I type 13,185,000 (£112,000) already. Hopefully it is a leak and H2 is gushing everywhere (pun intended).

Nice one beesty, looks like a few more are following your lead, with strong buying already this morning. Hopefully this will continue...

I33 = Rockhopper has indeed done really well. I guess it shows that a bit of diversity in your stocks is good - both financially and mentally. I've been fortunate to be in a few stocks that have done extremely well in the last few months, whilst MATD has been in the doldrums and it hasn't half dulled the pain of this stock.

I'm confident we'll see some positive news here soon though, so am keeping the faith.

"Greatland Gold went fro 0.6p to 35p (from memory but I held all the way back to 5p."

If I'm reading the charts correctly in Feb 2016 it was 0.08p, reached a high of 37.35p in Dec 2020....so only a 622-bagger!!

"The way we are rising, £4 by the end of September. "

If this happens, I'll gladly give £1000 to a charity of your choice. Some bonkers rises over the last few days though, that's for sure!!

Yes I still have a substantial holding in MATD and looking forward to positive newsflow (which we'll keep to that board).

In the meantime, EEE has been a fantastic investment from my first buys at around 11p, with the best hopefully yet to come.

"A 10% move upwards everyday until MRE lands will be the prefect springboard for post MRE. GLA"

If the MRE landed on 30th Sept a 10% rise each day would take us to £4 by then :-D

Probably the new WOS account!!

Thanks Abz

World wide web dot research dash tree dot com is the starred bit.

sorry if already posted.

https://*********************/media/petro-matad-mobilizes-well-testing-at-heron-2-with-aim-of-bringing-production-online-before-year-end/id/25120/acf77e87-496e-4190-81b2-97ed44ed9547

Using the ever-reliable AI:

Next Stages and Likely Timings

Based on standard oil and gas farmout processes, the progression from a circulating draft Letter of Intent (LOI) typically includes:

Signing the LOI: Finalizes high-level terms and commits to exclusivity. Likely 1-3 weeks, as discussions are advanced.

Mutual Due Diligence: Review of technical, financial, and legal data. Typically 4-8 weeks.

Negotiation of Final Farmout Agreement: Refining detailed terms like work obligations and interests. Usually 4-6 weeks post-due diligence.

Signing the Farmout Agreement: Binding commitment. Often 1-2 weeks after negotiations.

Regulatory Approvals: In Mongolia, involves MRPAM review; could add 1-3 months.

Closing and Announcement: Deal effective upon approvals; announced via RNS shortly after signing or closing.

Estimated Completion and Announcement

Negotiations could wrap up by late Q4 2025 (November-December), with announcement in Q1 2026 if approvals delay. This aligns with industry norms where LOI-to-signing takes 3-6 months, though Mongolian bureaucracy (e.g., past delays for Petro Matad) could extend to mid-2026.

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Take with a pinch of salt, DYOR, etc etc.

Manx "I have no idea whether the drilling, acid washing team would install or of they would move off and leave it to the resident crew to install the well(s) and connect everything up."

In the plan I mentioned there is an overlap between H2 and Gazelle, so feasible that different teams can work on each well at the same time.

"Wigster : it's useless to try and predict price rises on this that or the other. I once saw it go up from 1.8p on the open to 6.5p on the same day based on an RNS that was simply hot air, with no LP permission in place at the time."

Fair point, and I agree it literally could be anything! Like I lot of people (I guess) I just like to tinker with future projections to see how my portfolio could possibly pan out, so was just after a few thoughts to get a general consensus, whilst taking into account that ultimately none of us really know for sure. One thing I would be very surprised to see would be a special dividend, which somebody mentioned the other day. Whilst this would be lovely (to pinch a phrase), I can't see it happening in all honestly.

ADW - looking at the timing plan on the presentation, they are looking to complete all wells to make them production wells this year, if successful. For H2 it says "completion as production or injector well" throughout the month of September.

It looks like they're about 3 weeks behind this plan, and things could of course have changed, but the intention at the point of the presentation was to get them all on stream this year if successful by the looks of it

ADW: "(Farm Out Final Stage) RNS should unlock the mega rise people rightly expect"

What's your estimate of the mega rise in SP terms? I'm basing my projections on a 50% rise on whatever the SP is at the time, but could be miles off (hopefully miles too low of course...)

TIA

"The only good news I take from that RNS is that we are not getting the new block.."

So you're not a fan of the Farm-out update then?

I am expecting an RNS this week giving news on the Heron 1 Electrification, results of H2 works and confirmation of Gazelle well test commencing. This would be in line with with the work schedule shown in the presentation last month, but if the RNS is next week then it's not the end of the world...we need them to get this right.

News on further payments received from PC would be nice and a resolution of the tax "issues" would be great news indeed.

GLA

8:00am Farm-out announcement, Pompeyman??????????

(Im joking btw)