Matra Petroleum Share Discussion Threads

[looneytune] 12/1/2017 13:13

Calm thanks for the update. Appreciated. Did Ted go to the AGM?

[calmtrader] 12/1/2017 13:11

Yep its going nowhere that why the Swedish guy is putting $500k

[supertedsmith] 12/1/2017 13:08

Only producing 800 - Ongoing problems will fall on relist

[calmtrader] 12/1/2017 13:03

super why do you say that .... market is likely to be $100m

[supertedsmith] 12/1/2017 12:58

Disappointing and a bit of a fudge Won't get delist price - lucky if get half at 0.5Budget you owe me a coffee

[woodpecker25] 12/1/2017 12:58

jam tomorrow....!

[calmtrader] 12/1/2017 12:58

if market cap is $100m we have 29.5% so $29.5 eq /no. matra shares 2.3b(i believe) so approx 1.25p old money..but lets be Conservative and say 1p

[beggarman] 12/1/2017 12:54

Gilly - It may open at 20sek but it will tank, probably settle around 15sek if we are lucky.

Even I thought they would be comfortably producing over 1000 bopd by now.

[gilly9] 12/1/2017 12:46

Guesstimate on share price after listing please tia

[calmtrader] 12/1/2017 12:39

they have had a continued problem with PCP lack of maintenance and being out of action for large periods...they are looking at maybe moving away from them but would cost $7m and not viable until oil increase by to $65-70... hopefully PCP will update their pipes (and hopefully will) now oil recovering...i really think the next 18 months will be great for MTA..

[magpie105] 12/1/2017 12:32

Thanks Calm, look forward to later update. My main question would be is if output not changed what have they been up to with cash reserves

[canny lass] 12/1/2017 12:30

Thanks Calm. Like others I will await your more comprehensive update later.

[gilly9] 12/1/2017 12:24

Thanks for that any way

[calmtrader] 12/1/2017 11:53

very quick update...(will give full one later)

current bopd 840 still expect to be 3000+ within 3 years

listing s/be approx $100m i.e $4 to $5m P1 reserves

acquisitions still on the table.

loans now mature in June 2019(green Bank) and Melody dec 2019

they expect to raise an additional $5m within 6 months of listing

[lewis_81] 12/1/2017 11:37

All the best those who are attending - make sure you grill them on their plans.
Looking forward to hearing how it went!

lewis

[doxford] 12/1/2017 09:34

Good luck and don't spare them any embarrassing questions, they have had zipped up lips long enough!

[budgetbond] 12/1/2017 08:10

It's time for Maxim to deliver.

Calm, if I don't wear my favourite man-in-shades-smoking-cigar-in-front-of-gushing-oil-well T shirt, I'll probably be the only one in a blue suit carrying a laptop bag

[gilly9] 12/1/2017 06:47

Good luck guys, cant wait for your report give my regards to Maxim!!!!!! lol

[100egs] 11/1/2017 22:04

calm,budget,

good luck tomorrow ,looking forward to your feedback,thanks for making the effort .

[calmtrader] 11/1/2017 20:07

Saulcom. Great postBudget. How will I recognise you tomorrow? I will be wearing my "I love Matra"tee shirt

[saulcom1] 11/1/2017 18:07

I believe much of the logic behind the listing price will be based on 'verifiable' short to medium term projections. I suspect Matra anew is now in a position to confirm. Any additional increases in production since June 2016 I speculate has been bases around horizontal drilling otherwise known as fracking. Texas is a State that will employ the most recent technologies. Fracking can produce larger flows however the wells tend to have a shorter lifespan - as essentially the same quantity of oil is being tapped into but with better daily production methods. The gamble here is that by the time depletion occurs new producing wells (and technology) will come into play. Oilies have managed to reduce their cost and capex base in line with their plans considerably over the past 2 years or so. In some cases more then 45%. The combined reduction in cost relative to increased production along with a positive projection forecast coupled with rising oil prices should I believe demonstrate profitability in line with Matra's long term viability. Enough to interest some institutional long term investment and support the share price short to long term.

[budgetbond] 11/1/2017 16:12

doxford, I think that has to be the case otherwise Matra wouldn't be in a position to list, the lender wouldn't have agreed to postpone the loan and Eric Forss wouldn't have agreed to put $500k in and become a Director.

[doxford] 11/1/2017 14:58

budget,
that's right we know nothing and the cloak of silence that we have had to endure has understandably riled a lot of us. I am sure that some of the speculation Re output is based on known facts even if they were issued a year ago. The hope is that there is a lot more positive stuff to be revealed at the meeting and in all fairness that should indeed be the case.

[budgetbond] 11/1/2017 14:16

doxford, you made a very valid point earlier this week in that there's a lot we don't know. In fact, all we do know is that they were achieving 1000bopd per day in June, they'd delayed the repayment of the loan until January, and they'd had new reserves update completed. In fact, we've had no visibility of the accounts since June 2015.

There's so many questions that need answering but from my perspective, there's a lot of potential to surprise on the upside.

[tackems] 11/1/2017 10:22

I agree doxford, I can't make it now so I would appreciate any feedback from you guys and gals - even Ted!