Petro Matad Share Discussion Threads

[pro_s2009] 30/7/2019 11:15

Tick Tock again......... looks like the run up to results is now underway, the pre-spud rise sold, the drop post spud now being bought into by those willing to hold for this over 75% CoS appraisal well.

Fingers crossed.

[pro_s2009] 30/7/2019 11:07

Tick tock.

Yes, I was expecting spud of Red Deer yesterday, looks like some delay, or maybe they are just going slow in order to allow Heron-1 to get to TD before Red-Deer 1 gets to TD........spread it out rather than both happening at the same time.

[2solaris] 30/7/2019 07:12

Odd there have been no pics from Red Deer.

[pro_s2009] 30/7/2019 02:30

Just looking at the facts.....volume up and price up. Points to those who sold at 8p+ now buying back in at 7p+.

Given Heron-1 is as good as it gets when it comes to appraisal - over 75% chance of success......who in their right mind does not want to be long MATD by Friday 9th of August.

[jailbird] 30/7/2019 00:22

What nonsense You mean you bought back in

[pro_s2009] 29/7/2019 22:57

Looks like those who sold 8p+ levels recently are now buying back in......

[2solaris] 29/7/2019 08:05

This has been mentioned before tomford8 and it does appear PM are being a little cautious by almost doubling the drill time. However, it tells us DQE are experienced drilling here which is a big tick for a positive outcome. I suppose we could have a result from 12th August onward so that if all goes to plan they can test the well quickly and get the rig moved to the next location.
But who knows...

[pro_s2009] 29/7/2019 02:49

As I said........be prepared for volume spikes from Monday 12th August onwards :)

[tomford8] 28/7/2019 23:26

re lse board

Drill Operator says 3 weeks to drill Heron-1 well

Petro Matad CEO Mike Buck comments "drill operator has said he can drill Heron well in 3 weeks because he has experience of drilling lots of similar wells of this type in basin" ( therefore going by what the drill operator has stated total depth would be anytime after Friday 9th August ) listen in to link below.
hxxps://youtu.be/vwg5tW00E6A?t=1516

[pro_s2009] 27/7/2019 07:33

News next week should be, all being well, spud of Red Deer-1 well.

2 more weeks of lull before we hit the 12th of August and from which date anything can happen.

[jaspoland] 26/7/2019 10:31

Buys showing as sells. Think it's about time it starts to rise again

[pro_s2009] 25/7/2019 01:42

the abbot. Lots of posters on JOG were calling us people who purchased many tens of thousands of shares in JOG in the 70 and 80 pence levels stupid.

Now who looks stupid.

MATD are drilling two of its best prospects now, if people dont want to hold for these two wells, then, they really are just traders and have no interest in oil companies.

Last year with WH and SL then trading was ok, that was pure exploration wild cats. These 2 drills are not.

[pro_s2009] 25/7/2019 01:38

The 12th of August gets closer, from that day onwards anything can happen, its the time when the drill bit will be near or in the main potential zone, and so the fun will begin.

[2solaris] 24/7/2019 16:19

the abbot. Try not to worry, people always play stupid games, inbuilt spite sometimes, but don't lose sight of the fact we have just started a four well program. Many may be selling at a small profit but only time will tell what the final outcome will be. A lot of buyers seem to be loading up.

[pro_s2009] 24/7/2019 16:08

Nope.....would be surprised if it fell below 7p.

50p of upside will start to be possible from 12th August onwards....... fully funded for 4 drills.

The money will be piling back in this before the 12th of August I think :)

[woolybadger62] 24/7/2019 15:53

Can see this falling back to around 5p

[pro_s2009] 24/7/2019 15:39

Always the way.....look at ECO........same pattern.

[2solaris] 24/7/2019 09:23

Sorry, I am not very intelligent so couldn't understand the last post, please decipher the code.

[black bird] 23/7/2019 16:08

my oil man tells me heron to spout not before sept, depth minimum 1,000 M. BB

[ultra capital] 23/7/2019 14:04

Taking some