Matra Petroleum Share Discussion Threads

[calmtrader] 25/10/2016 13:04

Beggarman you keep going on about a debt repayment. Why does a bank want its debt repaid when it can be comfortable serviced..I will repeat for the last time 50% equity to debt is not unusual or worrying..I expect to make money here

[doxford] 25/10/2016 12:49

Raise a sum of say 50 million with this gang of crooks holding out the begging bowl? Five seconds of due diligence would soon light up the real deal and show this lot up for what they are.

[beggarman] 25/10/2016 12:44

I think you will find that the world of finance is pretty small when it comes to poor treatment of shareholders. It would be difficult for an investment bank to place new shares in the US investment community if Barskiy and Vlad are in executive positions.

Ted is right about the delist, I'm pretty sure it was done to get the Eclipse deal through and I would guess that most of the $3.5m paid to Fireeast may have found it's way to Alltech.

[magpie105] 25/10/2016 12:28

Ok thanks. Whilst their reputation is tarnished on this board I doubt they are too well known in the wider markets and MB has previous that will count in his favour.

[beggarman] 25/10/2016 12:17

magpie - They need to go to the market and obtain a cash injection if they could raise $50m from the market they could increase production while comfortably making the debt repayments and eventually they would be making serious profits. They have two options, either obtain a listing for Matra USA and make a placing or complete a merger and make a placing.

As I said earlier I don't believe they can go to the market with Barskiy and Vlad in executive positions.

[supertedsmith] 25/10/2016 12:08

Rubbish They delisted for dubious reasons .Sold Soko in even stranger circumstances in very very odd deal to mysterious Russian millionaires whose money is now on the books .Three years since AIM traded 1 November .You people need medical help

[magpie105] 25/10/2016 12:07

Beggarman, are you saying that a relist is the only realistic growth option?

[beggarman] 25/10/2016 11:56

calm - Half of our revenue is from gas and half from oil, so the oil price only affects half of production. If they were producing 1300 boepd at an oil price of $50 per barrel and gas price of $3 per MMBTHU, their turnover would be in the region of $16m per annum. If they have to take $5m per annum out of that for debt repayments it will strangle any growth after production costs and G&A expenses.

With regard to debt, Matra USA had 57% of their balance sheet as debt, they reduced this to less than 30% with the reserve re-evaluation but they did not take advantage of the situation by using the strengthened balance sheet to raise fresh capital from the markets and reduce debt.

[calmtrader] 25/10/2016 11:37

beggarman the oil price has recovered their net back is low..banks wont be calling their debt...i dont know any small oil companies that doesnt have any debt..the problems small oil companies have had is access to capital which Matra have ..they have shown they can survive and now they move on to the growth stage

[doxford] 25/10/2016 11:36

Would it not be nice for the so called 'private company' to reimburse '''some''' of our losses? Not going to happen mate..is it?

[beggarman] 25/10/2016 11:22

I don't believe anybody is happy to lose their money but this situation has dragged on for three years with no end in sight.

They will have used up all their ring-fenced drilling capital with the latest drills, so they are unlikely to drill anymore wells in the near future because of the $45m debt burden. If they manage to make the debt repayment on the 1st January they will just struggle along like a zombie company from debt repayment to debt repayment for the next nine years.

[calmtrader] 25/10/2016 11:10

beggarman lets wait and see!!

[magpie105] 25/10/2016 11:09

So you will be happy when you have lost all your investment, but moan on this board not knowing that it is yet the case. Feel free to reimburse me my losses if it makes you so happy!

[doxford] 25/10/2016 11:04

If it is all over by Jan, I for one will be pleased. At least it will put an end to this farce and I will be able to say without any contradiction from the rose tinted spectacle gang that 'they were nothing but legalised thieves.' Amen.

[beggarman] 25/10/2016 10:55

calm - He brought in consultants to do it for him and acquired some very expensive finance. If he had a great reputation he would have been able to approach financial institutions himself and obtain a better deal, instead of hiding behind consultants.

Anyway, something has to happen before Christmas, they have to call an AGM and file accounts or change the accounting date once again. Matra USA has to make a $5m loan repayment on the 1st January 2017 or not. It could all be over before the end of January.

[calmtrader] 25/10/2016 10:44

beggarman i dont think so..Max has a great reputation in the oil industry..how do you think hes managed to raise finance over the last 18 months

[beggarman] 25/10/2016 10:33

doxford - I think you have hit the nail on the head regarding reputations. If they try and list Matra USA they will struggle to find new investors because of the fear of a delisting in the future. If they try and merge with a listed company the shareholders of the listed company would probably insist on Max and Vlad resigning from executive positions prior to the merger.

[supertedsmith] 25/10/2016 10:22

TackhemsLook at facts !!It's 3 years since you could trade these shares Are you all deranged

[doxford] 25/10/2016 10:06

Tackems,
with all due respect we can do nothing BUT wait patiently. Do you not think that their reputations are already down the drain on their actions so far?

[tackems] 25/10/2016 09:17

Thanks Calm.
Ted, you have no proof about your accusations and being ever the optimist with a lot of money invested here I like to think that the reputations of the individuals will play a big part in their intentions so I wait patiently.

[supertedsmith] 25/10/2016 09:12

Bidhet You need to be committed.This was is and has been a totally premeditated smash and grab exercise from moment they got involved .They must be laughing every time they read comments like yours .Don't you see it they have conned you -In your case not just out of your money but seemingly your brain

[dougal18101947] 25/10/2016 08:57

PLEASE DON'T ASSOCIATE ME WITH THOSE CROOKS do you have an ounce of savy you need a miracle for this to turn round.

[budgetbond] 24/10/2016 21:50

Nice to have a bit of banter back on here - I was beginning to wonder if the board had shut down ..

Agree with calm, the situation looked a lot worse in January with oil at $25 and Goldman Sachs predicting $10 (but what do they know). Oil price could be back to $60 next month if Opec agree a production cut. We know they're continuing to drill while WTI is above $50.

super, we'll all have a lot more to worry about than '3 years' if Trump gets in

[supertedsmith] 24/10/2016 18:48

Ps three years

[doxford] 24/10/2016 18:46

All looks good????? Are you demented????