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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petro Matad Limited | LSE:MATD | London | Ordinary Share | IM00B292WR19 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.40 | -11.94% | 2.95 | 2.90 | 3.00 | 3.135 | 2.70 | 3.00 | 16,839,537 | 16:08:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 201k | -2.95M | -0.0026 | -11.35 | 32.86M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/9/2018 07:17 | Its not binary risk is it though. They have 5 more wells to drill...........it would only be binary risk if this is the only well they had money to drill. Its not. | pro_s2009 | |
20/9/2018 07:15 | Why do investors expose their capital to binary risk? This isn't investing, it's outright gambling. Well, there's gambling available at Ladbrokes or other similar outfits but would you walk into Ladbrokes and place £5k on a 2/1 at Chepstow? Of course you wouldn't. Surely, you would wait for the drilling result and then take the decision to buy the stock or not based on known information? | gersemi | |
20/9/2018 07:13 | Whenever a result takes the full length of time, it’s always a duster. Oil shows in all stocks always come early! | h2owater | |
20/9/2018 07:11 | All of the targets are not related to each other, as clearly stated before drilling. SL-1 has no impact on WH-1 and no impact on Fox-1. All are different basins. | pro_s2009 | |
20/9/2018 07:08 | Very bad result sadly, doesn't inspire confidence for the rest of the drilling imo | pembury | |
20/9/2018 07:04 | There we go, duster and move on to WH-1. . | pro_s2009 | |
20/9/2018 06:33 | unlikely2, Exactly, this is not your standard we have money for 1 well (maybe 2) and its panic stations if we don't strike oil and we will raise money as we have to. MATD are full funded to end of 2019. They have 5 more drills fully funded after this ongoing one. Even the smallest of the Block XX drills if successful is worth more than 8p a share. So its very safe to hold MATD, and I do. Of course, greed is behind a lot of peoples short term trading, and its why short term traders pretty much always lose money in the long run. They just want to buy and sell all the time, crave as much news flow as possible so they can move in and out, and they dont look at the long term picture, they are just short term. If they buy they are positive on a stock - the moment they sell they become super negative in their posts. Nature of the beast. I hold MATD with fully paid for stock and will hold for the next 9 months - so I get the exposure to all the drills, good or bad. unlikely2 20 Sep '18 - 04:39 - 905 of 906 ..........Comfortabl | pro_s2009 | |
20/9/2018 04:39 | I think there will be an update, between 7am and 9am with the AGM statement. I believe there will be an update but I think it will simply be that drilling operations continue at SL-1 and they will update the market in the coming days (or weeks). Drilling ongoing and update in the coming days (weeks) 50% chance Duster and rig moving to WH-1 40% chance Oil discovery and testing rig to be bought in 10% chance. Thats pretty much where I think expectation is and that is reflected in the share price at the moment. As always though, things that are 90% may not happen and things that are 10% can happen. Just got to be patient and wait. | pro_s2009 | |
20/9/2018 04:39 | 1 million shares - value ca £100,000. Hardly earth shattering - load of noise about nothing. It will be interesting today. Either drilling operations are still continuing - entirely possible, and when drilling a frontier well with no analogues to help confirm the geology and forewarn of drilling conditions, the 70 days is purely an estimate, and only a muppet with no actual experience in the field would regard it as anything else. If this is the case, would expect at least a "drilling operations are continuing as planned, due to downhole conditions we now expect to reach TD / log by ......" or an RNS describing any difficulties or technical issues which might be causing delays. If drilling and logging is completed, and the AGM has been planned to co-incide with that, first congratulations - that is no mean feat. Then the RNS - everything from "Duster - P&A ongoing, rig will relocate to WH imminently" to "Hydrocarbons encountered in various targets, drill rig will now secure well and then move to WH, Test rig is being mobilised." Comfortable feeling waiting for results when there are multiple funded wells still to come. | unlikely2 | |
19/9/2018 22:57 | SURELY there has to be an RNS at 7am tomorrow with some kind of update. Would be a pretty poor show otherwise. And it would have make the AGM a pretty pointless exercise. | framrog | |
19/9/2018 22:09 | Are you invested here, the abbot? | trulyscrumptious | |
19/9/2018 21:16 | Yes......in APRIL, not like just before the spud. And 4 other directors then purchased 250K US$ of stock at 10p in JUNE......... | pro_s2009 | |
19/9/2018 21:05 | Mmmmmm not really. Mongolia was in effect a Russian satellite for years, not Chinese. The sale of shares was back in April, nobody sold BEFORE the spud of SL-1. In fact after that sale in April the other Directors PURCHASED 250K US$ worth of stock in the placing at 10p. 1 director sold some shares in APRIL. (no director has sold any shares at any other time this year) 4 directors purchased 250K US$ of shares in JUNE at 10p. the abbot 19 Sep '18 - 20:50 - 896 of 896 The ties between Mongolia and China have been strong for hundreds of years, to the extent that there are more people of Mongol ethnicity in China than in Mongolia itself. I don't trust Chinese companies and I wouldn't trust a Mongolian one either, their thinking is similar. We have already had a taste of what they think of the UK and we have seen the underhand way they flout the law on declaration of share sale, I wonder what message would have been given to the market had a leading non exec and major shareholder announced they were selling a million shares BEFORE the spud of SL1. | pro_s2009 | |
19/9/2018 20:07 | Hi abbot. Who are the Chinese running this company ? The only major shareholder I know off is Mongolian. Not aware of any Chinese directors or any Chinese major shareholders. Can you share these Chinese links you keep referring to ? | pro_s2009 | |
19/9/2018 16:15 | #MATDIt would be funny if they have decided to sidetrack Snow Leopard into the Lower Primary Target and gush it?All perfectly legal and within the timeframes and enough time to drill Wild HorseWaiting for the updateNo sweatNo position | alexios1201 | |
19/9/2018 16:15 | #MATDIt would be funny if they have decided to sidetrack Snow Leopard into the Lower Primary Target and gush it?All perfectly legal and within the timeframes and enough time to drill Wild HorseWaiting for the updateNo sweatNo position | alexios1201 | |
19/9/2018 15:00 | Still low volume. Only 2.5m at the moment, not even going to get anywhere near the average of around 4.5m shares traded volume for a day. | pro_s2009 |
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