Share Name Share Symbol Market Type Share ISIN Share Description
Matra LSE:MTA London Ordinary Share GB00B06GS855 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.025p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -5.5 0.3 3.7 19.85

Matra Petroleum (MTA) Latest News

Real-Time news about Matra (London Stock Exchange): 0 recent articles
More Matra Petroleum News
Matra Petroleum Takeover Rumours

Matra Petroleum (MTA) Share Charts

1 Year Matra Petroleum Chart

1 Year Matra Petroleum Chart

1 Month Matra Petroleum Chart

1 Month Matra Petroleum Chart

Intraday Matra Petroleum Chart

Intraday Matra Petroleum Chart

Matra Petroleum (MTA) Discussions and Chat

Matra Petroleum Forums and Chat

Date Time Title Posts
25/10/201617:32The New Matra with MB13,169
31/8/201615:48Start in Texas9
25/3/201518:29Questions for the Board??41
07/4/201415:42Matra Petroleum - Moderated Thread14,929
23/2/201300:01Matra Petroleum48,431

Add a New Thread

Matra Petroleum (MTA) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Matra Petroleum trades in real-time

Matra Petroleum (MTA) Top Chat Posts

Matra Petroleum Daily Update: Matra is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MTA. The last closing price for Matra Petroleum was 1.03p.
Matra has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 1,936,117,872 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Matra is £19,845,208.19.
beggarman: budget - Take a look at Sound Energy, their share price was 5p in April 2014 its now over 60p. They had a change of management like Matra but they have been totally focused on building the business and have been successful, unlike the Matra management. I wouldn't waste your money buying any more Matra shares, if you look back at the accounts for 2014/15 they had net debt of £ 188k, since then they have held two AGM's, they have the accommodation address to pay for plus Ben Harbers retainer and they will also have to pay for the audit of the 2015/16 accounts. As Matra PLC has no income how do they propose to settle the deficit? They can either transfer funds from Matra USA inc. or put Matra plc into administration.
supertedsmith: So an already decimated share price at time of delist was 1p and a tenth of that decimated price now at 0.1 is not worthless ?Is that Ukrainian arithmetic ?
supertedsmith: Coming up to three years in November since this share effectively hijacked from us and trading suspended initially RTO then delist . Somebody somehow has legally put $35m on the books here having sold soko and then got company into serious debt with American venture - paying exorbitant price for Texas ... So one day money here then it's gone . From my naive and laymen perspective something seriously amiss/ does not add up . But of course that's just my suspicious point of view -and they may have some master plan to astound us .In the mean time why not give then another year or two to claim expenses and finally say it's over folks . Yes of course they need to claim expenses do they not - they are doing such a good job are they not - share price not so mch decimated as non existent . But these things he happen do they not ?
beggarman: The share price would be determined by the brokers advising Matra in the event of a listing in the US. It's important that the share price doesn't drop below $1 for any length of time as that triggers an automatic delist in the US. Therefore the listing price is likely to be between $5 and $10 per share. In the unlikely event that the Matra plc shares are swapped for Matra USA shares, the consolidation factor would be between 100 and 350 to 1.
beggarman: Just to clarify if the listed company is listed on one of the US exchanges, I would expect the consolidation factor to be 100 to 1 as the share price will have to be in excess of $1. If the market capitalisation of the combined company is around $200m and the share price is $2 per share then there will be 100 million shares in circulation. Matra plc will own approximately 15% of the company, therefore 15 million shares. That would be a consolidation factor of 140 to 1. This is assuming our shares are swapped for shares in the listed company. Matra plc may be the shareholder and we remain as we are.
ultrapunch: ayiman. I had circa 2.2m MTA shares at one point in late May/ early June (shared with my son). I sold all of them at over 2p. Average price circa 2.30p. Why? Because I followed the advice contained in the MTA charts, including ichimoku. In hindsight I should have followed it earlier, but I held on for too long which meant I "lost" some profit opportunity. I still more than doubled my money after starting to buy back into MTA at the start of the year, but it could have been more. If you have been reading my posts since June you will have seen me mentioned the above at the time and since then. I have traded small amounts of MTA shares since, not always successfully. Just small punts. I currently have just circa 75k shares in MTA (shared with my son). I continue to hold purely out of sentimantal reasons since MTA was the first O&G share I ever bought, around 5 and half years ago. Where the MTA share price is going in the short term I have no idea. have it as a Strong Sell, but that could soon change. It all depends on the newsflow and what investors think of it. EDIT: I don't base my investment decisions on what posters say on message boards. So I'm not influenced by what spy says. I go by the fundamentals (there isn't a lot to go on with MTA at the moment!!), the chart signals I value, such as Bollinger Bands, volume and ichimoku and my own gut instincts.
ultrapunch: I just posted this reply to a nervous, novice, investor worried that MB might sell his 575m shares, at the current sp, for a £10m profit. MB has 575m MTA shares. How could he sell all those shares onto the market without the MTA share price collapsing? Just think about it. Even if he tried doing it in stages you just couldn't dump 575m shares onto the market without the share price collapsing. The MM's definitely wouldn't give you a good price, that's for sure. Why do you think that MM's open at a very low price after an AIM oiler announces a duster at 7am in the morning? Because they know there will be an awful lot of sellers looking to get out at the best price possible. The MM's aint mugs!! If there is the prospect of a lot of sellers rushing to sell their shares they aint going to give them a good price, that's for sure, especially since nobody will want to buy them at a good price!! Same way with MB if he tried to sell 575m shares in MTA!! It's the law of supply and demand in action!! My friend, that £10m profit you talk about is a paper profit only!! If he announced he was leaving MTA the share price would fall dramatically, because MB is currently MTA's prize asset in the eyes of investors and lots would want to sell if he decided to up sticks!! If MB then tried to dump 575m shares onto an already depressed market the share price would probably be back well under a penny!!!! Investing is only commonsense theg4mbler. There is nothing mystical about it. Just a question of supply and demand. If 575m shares came onto the market the price collapses because supply would far outway demand!! A lot of investors wanting to sell and nobody wanting to buy!! MM's lower the price to attract buyers because they make their money from the difference between the selling and buying price. They don't want to buy a load of shares if there are no buyers. They are only traders only they trade in shares rather than fruit and veg!! Just plain commonsense. Just like any other commodity shares are subject to the laws governing supply and demand. Anyway your fears are completely unjustified. MB has only recently invested £4.6m in MTA. He will want to make a big return on his money. As big as possible. The only way he is going to do that is to grow MTA, both organically and by acquisition, so that MTA will one day become attractive enough to a bigger rival for it to receive a takeover bid. Then hopefully him and us, to a far lesser degree, will walk away with lots of profit in 4 or 5 years time. There is no need to worry or be nervous.
ultrapunch: A question from on lse and my reply. i was wondering is u can put a conservative share price on matra with the following: a14 finds an extra 10mmbbls and flows at 2000bopd, a14 flows at 2000bopd but does not find extra oil. If well 309 joins onto soko then well a14 in theory could be the crest of the structure. If we do not have a placing in april where do u see the sp? I did find fridays rise very positive as sells outweighed buys buy 2 to 1 and the price ticked up. The temperatures in russia are now into the plus so maybe 3 weeks will see a pump installed on a13. Ph thinks this is a few days to complete with the rig erection and so on. Do u think its likely to see a13 update b4 placing? A14 could spud end of june. Thanks My reply to I can't conceive of any situation occuring where A-14 flows at 2000bopd without increasing the current 2C resource, Don't forget ERC's 2C of 15MMbbls recoverable is based solely on the western part of SOKO containing wells A-12 and A-13 and also containing the proposed location of A-14. That 2C figure will encompass the known A-12 and A-13 well data. Namely the reservoir thicknesses (both 6-7 metres) and the reservoir characteristics (much better at A-12 than at A-13). Now A-14 is expected to be up-dip of A-12 with a thicker reservoir. If A-14 flows at 2000bopd on open hole test, approximately double that of A-12, then surely the reservoir at A-14 must be thicker than at A-12, hence leading to a higher 2C figure. In the very unlikely event that A-14 flows at 2000bopd, but has the same reservoir thickness as A-12, then it must be because the reservoir characteristics (porosity, etc) are far superior at A-14 to those at A-12. That again must lead to an increase in the 2C figure. Whether well 309 is part of SOKO , or not, has no bearing on whether A-14 is considered to be a crestal well. It's already considered to be a crestal well. PH said on tuesday they will install the pump when the spring thaw has ended. He estimated the thaw will last 4-6 weeks. It's only just started so we could have to wait for up to another 6 weeks for the pump to be installed. I'm sticking to my theory (and it's my opinion only) that A-14 financing news will be issued before another A-13 update. With regard to your share price question I prefer to stick to my share price predictions prior to the A-14 results, based on MTA's share price history, otherwise smart alec posters like Stavroginsmith & shatter on lse and here and now on iii start unfairly accusing me of ramping. In fact I'd rather not make any share price predictions at all, but seeing you asked the question and because I wouldn't be holding the shares if I didn't think the share price would increase from here in the run up to the A-13 results. Don't forget the MTA Mkt Cap peaked at circa £65m (Jan 2010) in the run up to the A-13 results. It was circa £55m in the days leading up to the A-13 results. The best estimate (done in house) of SOKO reserves was 65MMbbls. That was issued on 7/7/09 along with the placing for A-13. SOKO now has a lower best estimate of 53MMbbls recoverable. However that estimate has been arrived at independently of MTA. SOKO also now has an independently verified 2C resource of 15MMbbls in accordance with SPE guidelines. The Brent/Urals Blend crude price is now 40-50% higher than in July 2009-May2010 in the lead up to A-13 results. We also now have the added benefit of lower Russian Mineral Extraction Taxes (MET) compared with 2009/2010. Plus the added excitement and potential generated by the proposed patch reefs!!!! Hence I expect the run up to the A-14 results to generate a higher maximum Mkt Cap than that during the run up to the A-13 results. It's hard to convert that to an share price because we don't know how much dilution the next placing (or farm in) will entail. Fox-Davies assumed a 2.1bn shares in issue following the next placing. So I will use that figure in my subsequent share price calculations If I assume a maximum Mkt Cap of £100m in the run up to the A-14 results that gives my maximum share price as circa 5p. I don't think my max £100m Mkt Cap is being over optimistic. It might even be considered overly cautious by some bearing in mind the improved potential of A-14 compared with A-13 and also the fact that the best estimate and 2C figure have been arrived at independently of MTA by the ERC CPR, unlike the inhouse projections of 7/7/09, which don't carry anywhere near the same weight. All this assumes the Brent/Urals Blend price stays high at circa current levels. After the A-14 results? That will depend on the results. Whether they are up to Mkt Expectations, exceed Mkt Expectations or are very poor, like with A-13. I suggested prior to the A-13 results that the share price could double, or even triple, on a thicker reservoir at A-13 (say 10-15m) and better reservoir properties. I also suggested that the share price could halve on poor A-13 results. In fact we had very poor results and the share price plunged by 70% on the day of the results. I think the same could happen with A-14. A thicker reservoir and with better properties at A-14 (say 10-15m, plus more than 1000bopd) and the share price could double to 10p. Hit a patch reef and we could be talking of 15p, even 20p, if the well flowed at 4000bopd. On the other hand we could halve if A-14 isn't up-dip of A-12 and doesn't have a thicker reservoir. Even worse could happen to the share price if the reservoir characteristics are as poor as at A-13. The chances of the above happening? Please refer to the ERC CPR. You have there all the independent information and CoS figures on which you can make your decision on whether to buy, or sell MTA, shares, both now and at any time in the lead up to the A-14 results. The ERC CPR is your BIble when it comes to making any decision on MTA shares. Good Luck!!!!
ultrapunch: Hello kevin. 8m MTA shares!! Makes my holding seem paltry by comparison!! Something I just posted on iii. Hopefully A-14 will increase the size of the Proven and Probable reserves in the South Western sector of SOKO by adding some, or all, of the Possible reserves quoted by the CPR for this sector. The CPR stated that their 15.1MMbbls 2P recoverable reserves for SOKO largely relates to the South West of SOKO (in the vicinity of A-12 and A-13). However we will have to wait for further wells in the rest of SOKO to get an idea of what SOKO actually contains in total. The actual flow rate for A-14 will be absolutely crucial to MTA's future and hence share price. If A-14 flows at 1000bopd, or better, then theoretically it will only take a further 6 wells to be drilled in the South Western sector to achieve MTA's maximum target of 6000-7000bopd from the current 15.1MMbbls 2P recoverable in the S.W.. At US$4.5m cost per well that would mean total CAPEX for the S.W. sector of US$27m. That means MTA would make an awful lot of money very quickly if Brent crude stays over US$100 per bbl. The OPEX cost will also be a tiny proportion, as a percentage, of each wells "costs". However if A-14 (and subsequent S.W. sector wells) only flowed at 100bopd like A-13, because of poor reservoir characteristics then that would mean MTA would need another 60-70 wells to achieve maximum production in the S.W. That would mean CAPEX increases to a total of US$270m-US$315m. That would mean MTA would be unlikely to make much money out of the S.W. sector of SOKO. It could, in fact, make the development of the S.W. of SOKO completely non-viable. The OPEX would also be a much larger percentage of the wells "costs". It is imperative that A-14 flows as good, if not better, than A-12. 1000bopd+ from A-14 is key to MTA's share price We know that A-12 is capable of producing at 1000bopd because MTA said so last October. If a patch reef is hit by A-14 then because patch reefs invariably contain excellent reservoir characteristics (excellent porosity and permeability) 2000bopd is perfectly within reason. If that happens then the MTA share price will rocket upwards because it means CAPEX costs will be DRAMATICALLY reduced. When I say MTA is a pure gamble it relates to the gamble of A-14 striking a patch reef. Hitting a patch reef is absolutely key to MTA's future. It also makes me continue to gamble on MTA. I was the first on this bb (over a year ago) to highlight the staggering potential of patch reefs. Unfortunately Peter Hind decided to spend valuable time sidetracking A-12 to no avail instead of raising some more cash, when the share price was much higher than it is now, to drill A-14. If he had spudded A-14 a year ago the MTA share price could be over 10p by now instead of a paltry 0.8p!! (approval for A-14 would have been quicker a year ago as well since Russian approval regs have changed recently) I know this is with the benefit of hindsight, but making the right decisions is what PH is paid his £200k annual salary for. His record, over the years, for making the right decisions is extremely poor. PS High potential flow rates are one advantage MTA has over PTR. The CAPEX cost expressed as a percentage of each wells total costs should be much lower for MTA than for PTR if MTA can achieve over 1000bopd per well on average. That would mean MTA being much more profitable per bbl of oil produced than PTR. Something to think about. Lets all pray that A-14 hits a patch reef!! atb papillon
ultrapunch: Hi folks. Following MATRA is like watching a car crash in slow motion!! Somebody said MTA will go the same way as LDP. Not so. LDP went bust because it wasn't able to generate enough cash to service it's debt. MTA has no debt. So MTA should not be compared with LDP. Somweone else mentioned that the problem with A-12 is that it had to be drilled into the water containing zone beneath the oil containing Aphoneski zone and that won't happen with A-14. However what that poster is ignoring is that MTA believe the water is coming from the Franski zone, which is ABOVE the Aphonenski!! A-14 will still have to be drilled through the water containing Franski zone!! MTA wont be testing the Franski with A-14, but unless they employ a more competent drill crew this time round they could still experience water ingress problems from the Franski with A-14. Peter Hind keeps going on about the fact that A-12 was an exploration well and not a production well. However Peter Hind never mentioned this when oil was discovered by A-12 in November 2007. He expected A-12 to be a successful production well. I don't know when MTA will be able to raise the cash to drill A-14. It's possible they will have difficulty raising the cash to drill A-14, especially in the current dicey economic climate. Who knows? I don't nor does anyone else who posts on this bb. Peter Hind still gives the impression he is confident on the funding issue and of the continued backing of Delek. You either believe him or you don't. Assuming MTA manage to raise the same amount (£5.35m) as in July 2009 then if it's raised at 0.5p that is a massive dilution to existing holders however a placing is the only hope for a share price recovery. Hopefully they might be able to raise cash at a higher 1p placing price which will mean less dilution, but that might not be possible. Who knows? I'm sure that MTA have been going round the institutions with a begging bowl. Peter Hind must have an idea of how much he can raise and at what price. A deal could already have been done for all we know. However we don't know!! The same poster who mentioned LDP also said that the MTA share price hit an all time low today. Not so!! During the credit crunch of 2008/2009 MTA hit an all time low of circa 0.25p when the crude oil price was in the low thirties. It still managed to raise money at 1p a few months later, but only as the credit crunch eased and the crude oil price recovered. Will the MTA share price fall back to 0.25p again? I don't know, but one big difference this time round is that the crude oil price is around 3 times what it was back in early 2009. That might change if we have another financial meltdown, but I'm cautiously optimistic that we wont. Regards..... PAPILLON
Matra Petroleum share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20161025 17:19:47