Petro Matad Share Discussion Threads

[pro_s2009] 08/9/2019 06:26

And these are the license terms........ask others on their favourite oil stocks whats the license terms in detail........most will have no clue at all.........


Mongolian oil is very valuable. The PSC terms are rather wonderful…the oil has very high value in real terms to the producing company.

Look at these PSC terms - keep this to repost later - compare these terms against some other countries terms, see how much the oil is worth in other places in real terms to the producing company, after tax and tax and tax is hit upon them.

Petroleum Sharing Contract (PSC)

Royalty: Block XX 5%
Low cost in comparison to other jurisdictions

Corporate tax: 0%
Speaks for itself, designed to encourage foreign investment

Cost recovery mechanism: Exploration, development and operations costs recoverable against oil production with annual cap of 40% of total gross revenue. The remainder is carried over. Transportation costs are recoverable
This really needs shouting about!! Costs of Exploration, Development, Operations and Transport can be recovered in the success case. The implication for this is that on any success, when coming to arrange finance, this puts the company in a very strong position. This is something quite special

Contractor Profit oil split: Block XX 45% to 60%

This highlights just how aligned the Mongolian government is with the success case. Implications are to enable a significant cash flow from production.

[catchingmice] 07/9/2019 20:56

Cannot see it going anywhere near a quid maybe 15p if the 1st well is a hit but then some will sell out.2nd well around 22p but then again it's sell on news which takes it down again.All guesswork though just like all pi's do on every stockGL

[red rook] 07/9/2019 20:42

Regarding Gazelle to the west of Heron and the next to be drilled... @ 11:25min ... the farther west the better the reservoir.

[red rook] 07/9/2019 20:32

Very interesting presentation, well worth a listen again .... particularly regarding the prospects at Heron and Gazelle @ 9:00min into video:



... The PetroChina wells closest to Heron - 19-46-3 and 19-46-1 drilled and both tested for oil at commercial rates BUT have not been put onstream .... because PetroChina did not want MATD to notice that their block was the extension and UPDIP culmination of the 19-46 field ... so efffectively they are appraising a discovery that has already been made.

[pro_s2009] 07/9/2019 19:32

Certainly not....... Main part of the structure is in PetroMatad Block XX and the crest of the structure is in PetroMatad Block XX.

Means loads of lovely Heron oil for MATD.........soon to be official......this coming week.......all being well with no hiccups.

[taxibabe] 07/9/2019 19:28

Which may mean the resovior is depleted ?

[pro_s2009] 07/9/2019 18:57

Heron-1 Close up - how close is it to the PetroChina discovery......this close.

[pro_s2009] 07/9/2019 18:56

Heron-1 satellite image

[pro_s2009] 07/9/2019 18:55

HERON-1 overview of the prospect........

[mpls] 07/9/2019 18:53

The encouraging aspect for me is that Heron, although officially classed as an exploration well because there is no discovered oil on the block, in actuality it is an appraisal well as it is an extension to the adjacent Petro China discovered field on their block that had a well producing 20K boepd on test that sits 500m away from PM.

Figures from my recollection.

[under the radar] 07/9/2019 18:34

👍👍

Happy days

[pro_s2009] 07/9/2019 16:17

Added the March 2019 Oil Capital presentation video to the header.

Well worth watching ahead of Heron news next week.





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[taxibabe] 07/9/2019 12:15

Most will be happy with a one pound flip

[pro_s2009] 07/9/2019 06:53

Bungee, agreed, however, if you do sell them all off and cause a flash crash down, you will actually buy them back into your ISA at much lower prices and so make a profit from it.

By accident this person appears to have done very well out of it.

[avsome1968] 06/9/2019 22:16

Well guys if results come Monday wishing you the best I sold out this morning happy with what I got in short term, if there's no news Monday might have another dabble have a great weekend fingers crossed you get good news.

[bungeetrader] 06/9/2019 21:56

If that's what they did then whoever it was shouldn't be allowed to trade! All that's needed is to instruct your broker to do a cash & new. Sell them and buy them straight back in an ISA account. Can be done at the bid, mid or offer price with a minimal charge without affecting the share price Pretty basic really and a stupid thing to have done if it's true.

[pro_s2009] 06/9/2019 18:10

I am expecting news on Wednesday or Thursday of next week for Heron-1 well.

Fingers crossed............ :) And then its Red Deer-1 results the week after next :)


For info in case MATD strike oil :

Heron-1 smallest size 11 MMBO recoverable - 8p a share
Heron-1 Pmean size 25 MMBO recoverable - 18p a share
Heron-1 Best case size 42 MMBO recoverable - 30p a share

[pro_s2009] 06/9/2019 18:09

Looks like much ado about nothing, from LSE :




flava Posts: 358 Price: 7.625

RE: Don’t Panic Today 18:03

Wrong timing to move my funds from normal investor account to my and wive ISA accounts caused all these panic and stop losses.

As i mentioned before, i was selling around 15:08 around £13k in blocks and try to buy back in ISA accounts.

I was purely thinking to save paying extra capital gain Tax to TAX MAN and now it's looks like i caused 10% drop in share price

Sorry guys :(

[catchingmice] 06/9/2019 17:10

Some pi derisking with 38,000 grands worth.Either he or she will save 25,000 grand rather than keeping it in for results if bad or risk losing out on possibly a 35,000 grand profit if oil is found.IMOThat's the name of the game high returns or big lossesPlease DYOR as I'm not here giving out advice.Please remember shares can go up as well as downTHE MICE

[under the radar] 06/9/2019 16:59

IN FOR RESULTS 👍👍

[catchingmice] 06/9/2019 16:28

Come on chaps behave 8p then 4 quid be logical about priceGood weekendThe MICE

[2solaris] 06/9/2019 15:39

Taking out a few stop losses!