Matra Petroleum Share Discussion Threads

[supertedsmith] 12/1/2017 16:42

Company far far better off before they got involved and started milking it .They have been here for six years and no increase in shareholder value .Only milked for own benefit .

[supertedsmith] 12/1/2017 16:41

So we shouldn't comment if we think been taken for ride as my dissuade folk from investing -Oh please

[saulcom1] 12/1/2017 16:24

Please do be reminded all, that from now and relist thereon, certain comments made public can be construed as ramping or deramping and otherwise positive or negative. One will need to and is of course free to decide on what is said and whether It is in the interests of Matra new and perhaps even in terms of both the opening and short term share price. Anything made public always runs the risk of playing a part in price sensitivity.

[budgetbond] 12/1/2017 16:09

beggarman, unless there's an aquisition imminent, I agree it doesn't make any sense

Janek01 - it'll be March

[janek01] 12/1/2017 16:07

what did they say about the timeframe of the listing ? any news ?

[canny lass] 12/1/2017 15:49

TrulyScrumptious

When the company delisted from AIM and severed the alternative JP Jenkins market for unlisted company's, i effectively wrote this share off with no value. I'm more than happy to see how this saga draws out once re-listed on the Swedish market. I'm in no hurry to sell. This is a long(er) term hold for me.

[trulyscrumptious] 12/1/2017 15:32

It be worth holding on to the shares a bit longer then.

[supertedsmith] 12/1/2017 15:31

5% of company on listing 10-20% in salaries since got on board Where is company - No value increase in company since they got on board 6 years ago But they have got anything up to 25-30% of company No it's not better with them on board Absolutely not

[beggarman] 12/1/2017 15:30

budget - Thanks for the update, I hope you are correct about a merger/acquisition or this doesn't maker a lot of sense. They must be low on cash at the moment and $5m is peanuts in the oil industry, I can't see where the finance is coming from to continue development.

[looneytune] 12/1/2017 15:23

It all looks a thousand times better than it did when we were de listed. Onwards and upwards. This way the dudes that want out can go......

[budgetbond] 12/1/2017 15:06

Vlad also confirmed that they already have the $5m finance lined up that they want post-listing

[calmtrader] 12/1/2017 15:05

Super what options...there are non outstanding...staff and management get 5% of company on listing

[budgetbond] 12/1/2017 14:53

Summary from me...

Really disappointed with the production figures today - they're being significantly constrained by DCP which is why they're considering a Capex of $7m to divert to another purchaser. But also disappointed by the lack of additional drilling - they've only drilled 5 more new wells since June. Like beggarman, I was convinced production would be in the '000s.

On a more positive note, they've identified 100 sweet spots in one of their leases which they believe will deliver 50bopd each so this could really motor once they list and get the additional funding.

It's clear that they are still aggresively pursuing an aquisition (they have 3-4 on the go) and Vlad confirmed that one of them was Dome Energy. The challenge they have with Dome is that although Dome's cash flow is good, they dont have the reserves that Matra have and yet want the deal on a 50/50 basis. Someone asked earlier what have they been doing with the cash and the answer is spending it on due diligence on potential targets. They also have to have had a new reserves audit completed within the last six months before they can discuss any potential aquisition - not cheap at $400k a time.

Upon reflection, I still think there's more to this to explain what has convinced Eric Forss to get involved and it may be that one of the acquisition targets is very close to getting over the line. He is the key.

[supertedsmith] 12/1/2017 14:50

Beggarman Will tank on relist -Don't forget any options given to their cronies could also be sold off

[supertedsmith] 12/1/2017 14:46

Beggarman Yes totally agree so one big con

[beggarman] 12/1/2017 14:40

Ted - I believe the reason they delisted was to make the Eclipse purchase, had it gone to an EGM we may have voted against it due to the involvement of Fireeast.

[supertedsmith] 12/1/2017 14:38

Why did they delist Relevant question .

[looneytune] 12/1/2017 14:25

Good stuff Calm. Onwards & upwards, agreed, absolutely no point in talking about what could've been. Only relevance is how well the Directors can move forward with the business.
Positive notes are the new investor and new board member, the ability to re list and clearly they have pacified the banks enough to stay onboard!!!

[supertedsmith] 12/1/2017 14:07

To sum up Will be almost 4 years since traded when the CDIs issued .Producing under 1000If very lucky will get back delist price - highly debatable .So why did they delist -Why For this ?Could have put soko money into bank would have got higher returns .The non crooks in charge are getting vast amounts in back pay .So yet again they have shown themselves true to formAgain why did they delist

[doxford] 12/1/2017 13:36

Calm, staying put till March is no problem like many others I have been here a lot longer than three years. Lets hope they get going, the drills hit the targets, and the share price starts to go north......that would be wonderful?

[calmtrader] 12/1/2017 13:29

doxford matra are drilling in some great sweet spots and intend extensive drilling program this year...they also, as mention ,are looking at growing by acquisition ..they good news is come March you will have a choice stay in or sell..simple

[doxford] 12/1/2017 13:24

Thanks for the feed back.
Half the delist value is possible here but in all honesty that is better than losing the lot? We live in hope that the opening share price might be a bit better than that if the poo continues to improve. We can only wait and see of course, as for 3000 bopd in the next three years.....show us where it is going to come from springs to mind rather than vague guesstimates.

[calmtrader] 12/1/2017 13:19

looney not sure...but meet Budget....the way I see it is we have all been locked in for the last 3 years..the company has been amazing to survive ..outlook for oil looks on the up...they have a plan to increase shareholder value which they can now follow through so I for one will be hanging in there for the next 18 months....Vlad himself said the plan is to build a med sized business and then sell on("i dont want to be looking down oil wells for the rest of my life")

[beggarman] 12/1/2017 13:14

calm - The problem is that there is no momentum behind the share when it lists, it may list at 1p/20sek but the inertia will drag it down. Had they been producing 1500bopd and merging with Dome that would have made the company interesting and given the share momentum.

[the_isolator] 12/1/2017 13:13

thanks calm for the update