Petro Matad Share Discussion Threads

[under the radar] 29/8/2019 10:56

Great post from LSE :-

BadA - Yes it IS project fear, your comment "There have been some big sells today " really... I think this comment is relative to what you can afford, the largest trade I can see today the largest sell had a total value of £20,662 - I do not call that a big sell, indeed there are many people here with far more than that invested. In fact the largest volume days of note being the 3rd June and 14th Aug were both trading in excess of £1.8 million in the day, thus your largest trade of today represents just 1.1% of a large trading day in value - it really is not as you say, some large trades today, these are PI size trades and most likely speculative.

[upgrade1] 29/8/2019 10:56

WILL soon EXPLODE wont stay here for long

[under the radar] 29/8/2019 10:46

The buys are out numbering the sells now

[under the radar] 29/8/2019 10:45

I like the odds here.

Just saying

[pooler1] 29/8/2019 10:44

Either a big sell in the background or a placing.

[2solaris] 29/8/2019 10:42

The 'buys' are almost at the level of the sells yet the share price has fallen over 1p? Why would that be?

[upgrade1] 29/8/2019 10:42

topped up @ 6.40 is a buy

[under the radar] 29/8/2019 10:41

Do me a favour!

😂😂😂😂8514;😂

[2solaris] 29/8/2019 10:39

In that case the share price would rise but it hasn't.
Why do you ask that question, if I had sold I wouldn't be bothered. Perhaps you enjoy seeing your investment sink like this, most people don't.

[catchingmice] 29/8/2019 10:39

Have you looked at ECOTake a look at recent RNS'S Guyana is just a pool of oil and they are extremely confident JOE will be another Oil discovery making it 2/2Fully funded also for more drilling with Tullow & ExxonOnly another 15 - 17 days and watch this fly again on another hitGood LuckThe MICE

[under the radar] 29/8/2019 10:35

The sea of blue at 6.4p are 100% ALL BUYS

[under the radar] 29/8/2019 10:34

Have u sold by any chance ?

PMSL

[2solaris] 29/8/2019 10:32

Now watch them mark it back up!
Difficult to tell buys from sells but I guess a lot of the 'buys' must be sells as it keeps falling, nearly 15% down today alone.

[under the radar] 29/8/2019 10:31

Manipulation at its finest.

More a less equal buys vs sells soon (the way this is going).

Glad too see it’s getting bought into.

[taxibabe] 29/8/2019 10:19

Maybe someone knows something

[luckyvince] 29/8/2019 10:04

i bought GKP at 14p, nearly sold 3 days later after a drop of 23%. took my first profits at £1.40. Fortune favours etc etc.

[bo doodak] 29/8/2019 09:51

Oddball (Donald Sutherland( from the film classic Kellys Heroes -

''Don’t hit me with them negative waves so early in the morning. Think the OIL will be there and it will be there''

[under the radar] 29/8/2019 09:46

Now watch them mark it back up!.

I bet they collected quite a few shares there - easy money for them... play on weak pi emotions .

[under the radar] 29/8/2019 09:36

You can tell who the traders are

😂

[ohisay] 29/8/2019 09:27

There are 660m shares in issue - less than 2,5m traded in small trades .
Not worth sweating over is it?

[2solaris] 29/8/2019 09:22

Down 30% in less than a week. A lot of people will jump to conclusions as that is not normal trading. If there has been a leak the company need to issue an RNS.

[mamama1] 29/8/2019 09:18

You do realise this is aim..

These swings are nothing new

[under the radar] 29/8/2019 09:18

Rkh fell before a strike.

All these flappers make me laugh. Stick to premium bonds next time!

😂

Nothing’s changed - all to play for

BUY the dip.

[2solaris] 29/8/2019 09:15

I think it's time we had a statement to say they have drilled a duster or one saying, 'there is no reason we know of ... etc'. Either way they need to keep us informed or people will just panic sell until they do.

[alistair4444] 29/8/2019 09:07

All good targets below for Petro Matad will they deliver...about to find out

In Block XX drilling

Red Deer Prospect

The Red Deer 1 well will target a basin centre, fault bounded, structural closure in the southern part of Block XX. The mean prospective recoverable resource assessment for the Red Deer Prospect is 48 MMbo.


Heron Prospect - an appraisal well 75% COS

Recently secured access to a high-quality 3D seismic data set which covers the northern part of Block XX. This data, along with recently reprocessed 2D seismic data, clearly shows the Heron Prospect to be a southerly extension of the proven oil-bearing structure drilled by the T19-46-3 discovery well in Block XIX. The latest mapping shows the majority of the structure, including the crest of the trap, lying in Block XX. The Heron Prospect is estimated to have mean recoverable prospective resource potential of 25 MMbo. Heron 1 will be located 1.1km south of the T19-46-3 oil well and is prognosed to encounter the top of the primary reservoir targets at approximately 2800m.


Gazelle Prospect

The Gazelle Prospect is located on the south-western flank of the Tamsag Basin, which is the primary source kitchen charging the Block XIX discoveries. The Gazelle 1 well will be drilled 5km west of Heron 1 and 4.5km southwest of the T19-46-1 oil well. The mean prospective recoverable resource assessment for the Gazelle Prospect is 13 MMbo.


Velociraptor target in Block V

201 MMbo Mean Prospective Recoverable Resource potential. Inversion anticline in a basin with a proven petroleum system, satellite structures offering significant upside and is a shallow well being only 1500 mtrs.

Velocriaptor 4 dip closure is a dome like

If your going to look for oil look first in a four way dip closure is a dome like structural feature. These structural traps are formed by the structural uplift and differential compaction. A structural feature seen on orthogonal seismic lines to dip away in all four possible directions, closure indicating that any hydrocarbons beneath a sealing stratum will be trapped in this feature. The seal is dipping with structure in all directions.
Many major oil fields in the world were discovered by using surface mapping to locate such domal structures.