Petro Matad Share Discussion Threads

[pro_s2009] 04/9/2019 06:56

Good news on the Geo, the more players and more involved the better. If Red Deer-1 strikes oil then they will want a lot more geo work done on Block XX South. Heron-1 and Gazelle-1 are Block XX North, but Red Deer-1 is a basin opening play in Block XX South.

Block XX South has the potential for 600 MMBO recoverable (100% owned) in lead and prospects - so akin to 3 Billion Barrels of Oil In Place.

Red Deer-1 is a high risk well, as the CoS is low - but if it comes in, then real excitement will happen.

Heron-1 and Gazelle-1 are more mundane, while offering massive upside from the current low share price (over 200% from 8p) they don't open up spectacular upside like a strike at Red Deer-1 would.

[alistair4444] 04/9/2019 01:09

OIL& GAS INDUSTRY 3 SEP 2019

Russia’s Rosgeo to search for oil and gas in Mongolia

Russia is the main supplier of oil and petroleum products to Mongolia
Vladimir Smirnov/TASS

ULAN BATOR, September 3. /TASS/. Russia’s geological holding Rosgeo and the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) have signed a cooperation agreement on mineral exploration.

Putin praises milestone permanent treaty with Mongolia

The signing took place as part of a visit by Russian President Vladimir Putin to the Mongolian People’s Republic, a TASS correspondent reported from the signing ceremony.

According to a Rosgeo statement released after the signing, the agreement provides for cooperation in geological exploration to discover oil and gas deposits, solid minerals, reproduction of basic mineral resources, precious and rare metals, construction and technological materials, and agrochemical raw materials.

Rosgeo and MRPAM also intend to cooperate in the search and exploration of underground freshwater deposits.

The main mineral resources of Mongolia are non-ferrous and rare-earth metals, gold, silver, uranium, coal. Russia is the main supplier of oil and petroleum products to Mongolia.

[ken chung] 03/9/2019 23:56

Lemmings and mushrooms only.

[under the radar] 03/9/2019 21:33

Another tall bullish white candlestick was formed today - showing us the way forwards.

2 on the bounce

Feeling very bullish here 👍

[ken chung] 03/9/2019 19:21

Lemmings and mushrooms piling in today but the Results made no mention of any oil despite them having reached target depth. Strange that don't you think.So a few days left to exit before another duster announcement next week no doubt.Lemmings, mushrooms, gamblers and fools only.

[oilfarmer] 03/9/2019 17:50

Some of us remember £1.60....

Given the acreage...

Any significant oil logged could/should/would...

Maybe !!...

[pro_s2009] 03/9/2019 17:22

Lets hope it likes the next RNS next week even more......with an Oil Discovery RNS from Heron-1.

[gostaa] 03/9/2019 17:05

Some LSE fruitcake predicting £1. Thst would value the company at over 200m. Seriously need to reel in the delusion a little. If not a lot.

[uk2day] 03/9/2019 16:59

Lol, I love the smell of shorts burning in the evening!!!!!!!

[alistair4444] 03/9/2019 16:59

Well, the market sure did like that RNS this morning.

[2solaris] 03/9/2019 16:38

Over 12 million traded today!

[trulyscrumptious] 03/9/2019 16:24

It's still only 8p or thereabouts, another 5p would be roughly where we should be by now. One week until results of Heron 1 - 8p is farcically cheap, this isn't even on par with the placing price! Come on PM, lift this out of the doldrums for once and for all.

[pro_s2009] 03/9/2019 16:07

To pull the drill string out, put all the logging tools on, put the string back in, do the logging run and interpret the results takes 5 to 7 days.

So yes - might be entering the the target zone now and then get to TD a couple of days later.......results early to middle of next week.

[2solaris] 03/9/2019 15:54

High volume and plenty of profit takers dropping out. Is there a leak?

[2solaris] 03/9/2019 15:47

Yes, drilling through target probably!