Matra Petroleum Share Discussion Threads

[steviedoesit] 16/12/2016 20:25

Nedhammers1 just a little bit more of a wait and some of those k's will be back with you keep the faith and have a bit more patience, I know there's not much choice but a little longer and will know are direction and path of newage.ab which will be old Matra

[nedhammers1] 16/12/2016 11:58

My head says your right, but me aching heart is saying otherwise, I think now they have announced about listing the proof will be in the pudding. Will either put us in our misery or we might get something back from our investment. Like I said before, I had written my 17k dosh off, so the latest news has given me a bit of hope ......

[budgetbond] 12/12/2016 12:10

From Money Week magazine (who get an awful lot of calls right)....


Don’t be surprised to see extravagant claims for oil prices in the coming months

This weekend, non-Opec oil producers – led by Russia – have agreed to reduce global supply by just over 550,000 barrels a day. Russia will be responsible for just over half of that.

The deal follows on from an agreement earlier this month between Opec members to cut production.

The oil price is now back up to where it was in the middle of 2015. And it seems likely to carry on higher (allowing for the almost inevitable backsliding after a huge leap like today’s).

In total, the theoretical reduction in oil production will now be nearly 1.8 million barrels a day. Goldman Sachs reckons that if even one million is cut, then oil prices will average more than $55 a barrel during the first half of next year.

Clearly, as the investment bank puts it, “greater compliance to the announced cuts is therefore an upside risk to our forecast”, (in other words, if Opec and non-Opec producers actually stick to the numbers instead of just talking a big game, then the oil price is likely to be higher).

This cut means that oil supply and demand are likely to come back into balance sooner than previously thought, hence the leap in prices.

But the thing is, this isn’t just a supply-side story. If the US does have a big stimulus injection, then growth is likely to pick up. And if China decides that it needs to “stimulateR21; its economy too (which seems likely, given the current leader’s control-freak tendencies), then that’ll drive demand for oil higher too.

So you’ve finally got a cap on supplies, just as demand looks like it’s set to pick up. Meanwhile, you’ve got market sentiment that has turned from mega-bearish to merely bearish to sceptical to cautiously optimistic. It’s likely to turn bullish next and then maybe even overshoot.

You’ll get plenty of caution (and rightly so) about the ability of US shale companies to turn the taps back on. But if prices continue to remain strong over the next month or so, then don’t be surprised if you start hearing analysts talking about a return to $80 oil quite soon. Markets have short memories and nothing gets people’s optimism going like a rising price chart.

In short, this looks like a lasting rally, and I think it’s fair to say in the wake of the deal, that the oil bear market is well and truly over.

[budgetbond] 12/12/2016 10:55

Latest WTI price $53.89 - would be nice to see this tick up towards $60 by the time we list

[budgetbond] 11/12/2016 18:17

Good to see another 11 non Opec countries agreeing to cut output to boost prices. the timing of this could be great for Matra

[beggarman] 10/12/2016 20:36

Harry - There is a news item on Dagens Industri, they have approved the increase in shares.

[harry136] 10/12/2016 20:20

No news from dome's meeting yesterday then! cant find anything anywhere.

[lewis_81] 09/12/2016 18:50

You really are an irritating idiot

[beggarman] 09/12/2016 18:35

I don't believe they are at the stage where they can issue a timetable of the necessary procedures. One of the critical criteria when listing a company is to know how many shares you are going to issue and who your shareholders are. Until they have restructured the company they will not be able to commence the application for listing on the Bourse.

[supertedsmith] 09/12/2016 18:25

Who have they announced it to -Their shareholders .Normal procedure is to set out framework of steps and some form of timeframe

[beggarman] 09/12/2016 18:21

They announced the commencement of the procedure to list the company on the Stockholm Bourse, an EGM is months away and there is a lot of red tape to get through before then.

[supertedsmith] 09/12/2016 18:13

Budget Why announce it and then do nothing? Usually you announce and simultaneously set out such things as EGM dates

[budgetbond] 09/12/2016 17:42

The guidance is 3-6 months so anytime from beginning of February onwards is feasible. I agree March would be good and would fit the timescale

[beggarman] 09/12/2016 17:24

March is better but if they are not merging with a company already listed and are starting from scratch it could take longer.

[supertedsmith] 09/12/2016 17:05

Listen to Godot It's march ish time according to Calm.He should know .Has Godots earSo I presume the Done link false trail .Anyone know what EGM voted through .Cant find anything

[doxford] 09/12/2016 16:57

Beggar,
let's hope so !!!

[beggarman] 09/12/2016 16:29

So if they started the process on the 9th November and it is a straightforward application to join the Stockholm Bourse this will probably take six months, that means early May for the shares to become tradeable.

[budgetbond] 09/12/2016 12:28

For anyone interested in the listing process - based on calm's suggestion that it'll probably be March, I suspect they're not going for the fast track process

Standard Listing Process

How Long Will it Take?
The listing process doesn’t need to take more than 3-6 months, provided a company is well prepared. Key factors are how much time management can devote to the process, the strength of the organization and board of directors, and accounting practices. The exchange also recommends that you appoint advisors (financial and legal) to help guide you through the listing process and to ensure the liquidity requirements are fulfilled at the time of listing.

What Are the Steps?
A company that considers applying for admittance to trading on Nasdaq agrees with the exchange to commence a listing process. Companies enter into a written agreement with the exchange regarding the trading of their shares, adherence to all rules and guidelines of the exchange, as amended from time to time, and commitments made to the exchange. The process and the documentation are kept confidential. On the first day of trading, Nasdaq hosts a welcome ceremony for the company, together with the advisors, at which key management and stakeholders monitor the opening and early trading in the stock.

Fast Track Listing Process

Fast Track Benefits
Fast Track is a time-efficient, fixed time-line process for listing on Nasdaq Stockholm's Main Market. It is designed for companies that are very well prepared. Under the Fast Track process the time from the issuer's preliminary application to the Listing Committee's decision is five weeks, provided nothing unexpected arises.

Fast Track compared to a Standard Listing Process
Fast Track equals the Standard listing process in scope and detail of the exchange auditor review. A pre-audit, and documented measures taken after the audit, is the only additional formal requirement compared to the standard listing process. Fast Track provides companies that are very well prepared with a possibility to undergo review by the exchange auditor in a shorter time than companies which make supplementations during the course of the process. Therefore, compared to a Standard listing process the different process steps may be taken in a slightly different order, as in a Standard listing process late additions often are made.

Preparations for Application and Application Form
Before the start of a Fast Track process the exchange needs to assess whether the issuer is perceived to fulfil the listing requirements and to qualify for a Fast Track process without the process being delayed. Therefore, the applicant company is expected to be very well-prepared. Admission to undertake a Fast Track listing process does not constitute a guarantee of approval for admission to trading. The application form covers both Fast Track and the Standard listing process. The form is in two parts; an issuer application ('Application Form A'), which is submitted to start the review process, and an application to admit the issuer's shares to trading ('Application Form B'), which is submitted prior to the Listing Committee's meeting.

Fast Track Requirements in Brief
Due to the short time-frame the preparations prior to a listing must be largely completed and documented before the Fast Track process begins, entailing among other things that:

the company has completed a pre-audit/pre IPO-review with documented measures; for details, please see the application form;
the company can be deemed to fulfil the Exchange's listing requirements according to sections 2.3.5-2.3.8, 2.4.1-2.4.3 in the Rule Book for Issuers;
the issuer presents a draft of the legal examination, including an honesty and integrity assessment of executive managers and the Board of Directors;
the company has prepared a draft prospectus which is complete in all material respects;
the company has completed Application Form A – Issuer Application and otherwise made preparations as set forth in the form.

[budgetbond] 09/12/2016 12:06

Nothing from Dome then yet?

[supertedsmith] 09/12/2016 08:09

Would seem as if no link then

[supertedsmith] 08/12/2016 18:34

If there were any Dome news then Matra would release it

[magpie105] 08/12/2016 15:54

4pm UK time is the meeting. Even if nothing comes of it I wouldn't rule Dome out for possible involvement with Matra post relist.

[supertedsmith] 08/12/2016 13:53

Anyone know if EGM starts 530 or this is when vote on new shares is due

[looneytune] 08/12/2016 09:24

Deals are happening in Texas......THIS IS NOT MATRA!!!
Nostra Terra Oil & Gas Company PLC Completed acquisition of 80% Working Interest

29/11/2016 7:01am
UK Regulatory (RNS & others)

Nostra Terra (LSE:NTOG)
Historical Stock Chart
1 Month : From Nov 2016 to Dec 2016

Click Here for more Nostra Terra Charts.
TIDMNTOG

RNS Number : 3914Q

Nostra Terra Oil & Gas Company PLC

29 November 2016

29 November 2016

Nostra Terra Oil and Gas Company plc

("Nostra Terra" or the "Company")

Completed acquisition of 80% Working Interest in Pine Mills oil field

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, is pleased to announce the acquisition of an 80% Working Interest in certain oil and gas interests comprising the Pine Mills oil field ("Pine Mills") and associated assets in Wood County, Texas ("the Acquisition"), which completed today. Nostra Terra purchased the assets from GFP Texas Inc. ("GFP Texas"), which has exercised its pre-emption rights following the proposed sale of Pine Mills by its previous owner and operator, Cue Resources LLV ("Cue Resources"). In consideration for the purchase, Nostra Terra has paid US$1,025,000 to complete the acquisition, which has been majority financed from existing cash resources with the balance from a Director loan facility.

Pine Mills is a 2,400-acre producing oil field, currently producing an average of 100 barrels of oil per day (bopd) (gross). Pine Mills is cash flow positive and has no legacy or other spending commitments attached to it. All leases are "Held By Production", giving Nostra Terra full control over the timing of any future capital expenditure decisions. The effective date of the acquisition is 1 November 2016. Nostra Terra is now the operator of Pine Mills.

Highlights

-- 100 bopd (gross) average oil production rate over the last 4 months
-- Pine Mills is profitable below US$30 per barrel
-- Cue Resources has internally assessed proved reserves of 373,000 bbl as of 1 September 2016 (consistent with PRMS definitions)

o Total historic production of approximately 12.3 MMbbls of oil from inception to present