Petro Matad Share Discussion Threads

[gunsofmarscapone] 20/9/2018 11:42

Hello Pro.

I have been totally consistent in my negative viewpoint of this company’s operations particularly relating to severe delays, finally confirmed by the company in the rns of May 14.

Now, before you drag any new o and g investors into this party I would strongly suggest that you read and re-read today’r rns until you can spot the glaring potential negatives (apart from water/ dead oil etc etc) and then publish those negatives here on this site!

I am not going to do syllogistic reasoning for free tbh. Atb GoM

[grannyboy] 20/9/2018 11:31

bmcb5 951....exactly how I saw my investment in here, and will continue to hold the same amount as the original stake, and IF WH comes will then evaluate the sitution , but happy to wait.

And that's how I looked at it Pro (952).

[cashandcard] 20/9/2018 11:30

Taken a small punt here. Intend to get out prior to WH spud or thereabouts, I expect it to fail. Ride the momentum as they say. 2Months of drilling window left now before winter ends this drilling season.


Cash

[pro_s2009] 20/9/2018 11:29

She holds powerful positions in many companies........that can only be good for MATD in dealing with the government and regulations and approvals.

Petrovis are the major shareholder and so, if they nominate her, they must be sure she will help the company moving forward.

[pro_s2009] 20/9/2018 11:11

Yep bmcb5, ultimately there are 5 drills left, all are fully funded. So same for me, sit back and relax and wait for the next drill now.

Nice little averaging down done today buying........means my total holding in the run up to Wild Horse-1 results are now at 7p. If the price hangs around these levels for a couple more weeks I will be tempted to drive that average down to 6.5p with some more buying.

Wild Horse-1 is potentially 480 MMBO.......... and thats 100% owned. Its massive.

320p a share upside if they strike oil based on the 480MMBO estimate. Half of that on an oil strike, so looking for a good 160p if WH-1 strikes oil.

[bmcb5] 20/9/2018 11:05

Hi @Pro.

Agreed. The reason I had a punt was the potential high return, although low probability.

If SL had been successful, I'd have probably taken my money and run - but I was also of the view that there are multiple drills. If need be, I'll leave the money in for all of the drills. If one comes in, then i'm happy. If none of them do, I've only lost 1-2% of my portfolio.

It's a bit of fun, and distraction from the main stocks I own.

[pro_s2009] 20/9/2018 11:02

I have now finished my buying.

Average is now to down to 7p a share for my holding. That suits me. Lets see how many weeks it takes to put by 7p average priced holding into profit.

Roll on Wild Horse-1 :)

[pro_s2009] 20/9/2018 10:56

bmcb5 I think it was an excellent shot to be holding for SL-1 results.

You could be holding stock around 8.5p levels and exposed to around 30p upside if they struck oil at SL-1.

Downside is the price is around 6.2p now and will rise above the 8.5p in the run up to WH-1 results.

So although down a bit now, the share price will rally back upwards as WH-1 progresses. Spud within 3 weeks and results by end of October. I'll wager now the share price is back above 8.5p some time before WH-1 results come in.

So all in all, if you waited you have got in around 1.5p cheaper per share entry point, but you run the risk of not getting 30p a share upside if SL-1 struck oil.

I like those kind of odds, minimal downside and marvelous upside potential, albeit it did not work this drill as it was a duster.

[big brother8] 20/9/2018 10:48

Of course she's. selling 10m-15m still better than 0.1p.

btw most probably funding too.



winter, delay news is coming then, should go sub 4p

we do not need fund, then we do.

[bmcb5] 20/9/2018 09:51

Result pretty much as i expected, and was suggesting yesterday. Not a problem, as long as your position was correctly weighted. I won't be topping up here, as this was only ever a punt, and I never chase them with more money. But I will let it run, and see what comes from WH

[cashandcard] 20/9/2018 09:34

This is why I held off. Frontier wells are usually a roll of the dice.


Cash

[s1zematters] 20/9/2018 09:29

looks like our Mongolian granny is providing the stock for all those buys.
If I had 30% of something that is worth 40 million that could be worth nil next year I would be dumping a fare chunk also.

[tidy 2] 20/9/2018 08:57

Ashes to ashes dust to dust the writing was on the wall. In O&G quick news tends to be good news and delayed news is always bad news.

[haroldthegreat] 20/9/2018 08:53

Wild horse... That really does sound like a casino.The advantage of a casino is that it's all over in 30 seconds.The disadvantage is that if you win its too easy to gamble again !
Great oil shares as a gamble unless it's bp or shell.even they are a gamble on the oil price.

[pro_s2009] 20/9/2018 08:45

Dont think you will be buying any at that price jay4u.

I have been adding in the low 6p levels :)

[jayj4u] 20/9/2018 08:39

I don't hold any stock but I feel this has more to drop. I will consider buying around 4p or below.

[ken chung] 20/9/2018 08:33

3p coming.