Petro Matad Share Discussion Threads

[toolsmoker] 20/9/2018 07:35

Issue is the weather now will they have to wait out the winter if so it drifts to 4p high 3s

[ducatiman] 20/9/2018 07:35

Disappointing, 1 down 5 to go.

[pro_s2009] 20/9/2018 07:24

Off we go to Wild Horse-1.

480 Million barrels recoverable potential. Worth up to 320p a share.

Spud in the next 3 weeks.

The excitement builds again, and all those looking to buy in for Wild Horse-1 - now will be buying in.

[s1zematters] 20/9/2018 07:19

5p today anyone?

[cashandcard] 20/9/2018 07:17

Well, as I suspected, shows but overall a duster. Probably fall to 3-4p today.Cash

[pro_s2009] 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.

[gersemi] 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?

[h2owater] 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!

[pro_s2009] 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.

[pembury] 20/9/2018 07:08

Very bad result sadly, doesn't inspire confidence for the rest of the drilling imo

[pro_s2009] 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

..........Comfortable feeling waiting for results when there are multiple funded wells still to come.

[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.

[unlikely2] 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.

[framrog] 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.