RE: COUNTDOWN to MAY RNS!!9 May 2025 11:19
Now to discuss actual issue of DIVIDEND without emotional screaming!
This is base on REVENUE from ACCELERATED development of Block XX!
We understand (just) Heron is 30 WELL development. Petro China have avg 37 Well p/a Develooment so can actually do full 30 Well in one year BUT let us use lower expectationnand say only 10 WELL.
*Remember - Petro China been told by Mongolian Ministry to Increase Production - easiest way thru Heron
Let us look at dome figure and base on $40 net pay back - 100 bbl avg each Well - 350 day production
Year 1 - 10 (wells) x 100bbls x $40 x 350 = $14M
Now let us use 60/40 JV split so Petro Matad Net Revenue 2026 - $8.4M Net
*This is ONLY Heron and not rest of Block XX and using very generous term for Petro China to include full development costs & very low avg Production for each well.
New Blocks - Development thru Partnership agreements as they discuss
Renewables - Well funded sector and potential of 'SPECIAL DIVIDENDS'
Year 2 - Double Revenue, Year 3 Triple - Unless 'Acclerated Development' mean full 30 well development in Year 1 - and is obvious potential on rest of Block XX thru Gazelle 1,2,3... & Gobi 1,2,3.....
Remember - Petrovis will be looking for ROI and Petro Matad will be moving into CASH RICH stage!