Petro Matad Share Discussion Threads

[under the radar] 09/9/2019 09:50

Still filtered btw 😂

[catchingmice] 09/9/2019 09:43

Even though they have found oil this is not great as the market appears that it may not be a commercial find ?The share price is no higher than it was mid day on friday.I'll keep watching but I'm not convinced hereGLTHE MICE

[magnetformoney] 09/9/2019 09:40

Ere guys. Just wanted to let you know Under the radar likes to look for 200dmas on monthly charts.. ;)Resistance at 9.91 a toughie here. You need a close today above 9.47 before it can go higher otherwise expect a fall back. Hope it helps.GL

[under the radar] 09/9/2019 09:36

When they collect enough shares then watch them let it go ...

They need/needed shares to sell at higher prices.

Only good things happening here for those with a tiny bit of patience!

[under the radar] 09/9/2019 09:30

Hindsight traders don’t ya luv em

😂

[78steve] 09/9/2019 09:22

I'm still holding although not as much as i'd like to. The point i was making was risk of holding was too much as evident by price reaction today only 10% or so on good news whereas if this was a duster we would've been down around 70%.

[pro_s2009] 09/9/2019 09:10

Block XX South........ 600 MMBO recoverable of leads and prospects derisked if Red Deer-1 comes in with some oil.




Exciting times ahead.....Red Deer-1 results next and then Heron-1 flow testing, then perhaps Red Deer-1 flow testing, then Gazelle-1 results, then Gazelle-1 flow testing......

Plenty in the months ahead.

[captain james t kirk] 09/9/2019 08:58

PRO
That's exactly the point I'm making in citing TULLOW/ECO and EQUINOR/JOG. One may have tested, the Stena Forth was on location for 10 days after initial results and as far as we know Equinor didn't. Both are confident in their released figures and both could be subject to revision to the upside.
Sorry for off topic folks, enjoy the success :)

[pro_s2009] 09/9/2019 08:51

cjtk - its all in good fun. Its kind or pre-empting the....... "its not been flow tested"....... posts that some are thinking about posting....... just a reminder that many wells are not flow tested so don't scream about Heron-1 because there are many wells out there that have as yet not been tested fully :) :)

[pro_s2009] 09/9/2019 08:43

Indeed Spangle, a new basin would be like Red Deer-1.......... Heron-1 is already in a proven oil producing basin and indeed, the structure is already producing in Block XXI

[captain james t kirk] 09/9/2019 08:43

Well done all you Yaks, here's hoping for more going forward.
PRO we don't know if Jethro was flow tested. I rather suspect that alot of positive data is being held up their sleeves until the JOE result is known. Quite likely Jethro revised additional volumes will surpass ECO's share of JOE.
And if we are talking darling shares, did Equinor (JOG) flow test Verbier because you, me and they are pretty confident that they have a minimum of 25 mmbo recoverable in the immediate vicinity of the well bore, without a flow test:)

[pro_s2009] 09/9/2019 08:41

Red Deer is a key well......... massive upside (600 MMBO recoverable in nearby leads and prospects and all 600 MMBO recoverable is 100% owned).

It would be mean a new basin open in Mongolia and it would mean MATD are going to be a very large cap company in future.

The downside is now limited, as Heron is good.

Whilst the share price would be hit if Red Deer-1 fails, it will recover on flow testing and commercial declaration of Heron later.

Next week is now the point at which the share price will fly on Red Deer-1 news, or people can get in cheap before Heron-1 gets flow tested and declared commercial.

For those holding, like me - you keep holding and add more........there is limited downside IMO as any Red Deer-1 bad result will be wiped away with Heron-1 flow testing news later. You can either win the lottery with Red Deer-1 good news, or just suffer short term pain before on Red Deer bad news before recovery with Heron flow testing and Gazelle.

[spangle93] 09/9/2019 08:40

Cashandcard, ref

To keep on comparing with ECO is not warranted, it's actually quite amateur. Exxon have already flowtested all the reservoirs on their side of the boundary. The reservoir ECO encountered is a mirror match of Exxons Hammerhead - flowtested and now moving towards commercial development. Parameters at Jethro are in many respects better than Hammerhead.

Actually, I wasn't 100% convinced by the comparison, though post 3371 in response is clever. However, if you consider the TD-19-46-3 well 1000m away on the Block XIX side
- Heron is a mirror match of this,
- it is in production (i.e. already in commercial development)
- parameters in Heron are better than at the Petrochina well.

i think you've just proved what you set out to disprove ;-)

[taxibabe] 09/9/2019 08:40

Why it's up 1p on oil flows what would have happened if it had been dry?

[under the radar] 09/9/2019 08:35

Ps Taxibaby was seen crying into her cornflakes this morning!

😭 shame ... really is 😂😂😂

[under the radar] 09/9/2019 08:34

Just gunna sit back and watch it all play out. This will soon re-rate too a much higher level so just be patient and chillax.

[cashandcard] 09/9/2019 08:33

I'm actually looking to take a position but only after the result of red deer.Cash

[pro_s2009] 09/9/2019 08:32

You have to compare to the darling stock of the day....... it mutes the more noisy elements :)

Anyway..........next week should see :

ECO - Joe result.
MATD - Red Deer result.


Hoping for 2 more oil discovery RNS :) Less hopeful on Red Deer but it opens up 600 MMBO of recoverable oil for MATD in Block XX South, so if it comes in, its massive - so a high risk high rewards well is RD-1

[pro_s2009] 09/9/2019 08:28

Risk of holding ?

Mike has already said this well is BETTER than the producing PetroChina wells to the North in effect........... so why would anyone think this is not going to be a producer.

14M net pay is more than PetroChina has in its producing wells to the North.

[cashandcard] 09/9/2019 08:28

Pro,Great result. Well done to all.To keep on comparing with ECO is not warranted, it's actually quite amateur. Exxon have already flowtested all the reservoirs on their side of the boundary. The reservoir ECO encountered is a mirror match of Exxons Hammerhead - flowtested and now moving towards commercial development. Parameters at Jethro are in many respects better than Hammerhead.Nowadays - full flowtesting is not even done anymore, unless you are in an untested basin.Cash

[78steve] 09/9/2019 08:24

You can see why alot have sold out already being in from 2-3p days as the risk of holding is way too high. imagine what the price would be if this news was of a duster. Its a tough market. No guarantee price will rise significantly on good news so holding on is very risky indeed

[pro_s2009] 09/9/2019 08:22

It is nice to have lots of success around :)

MATD will only realise true value for Heron once its had a successful flow test. When that RNS lands and Mike says its commercial, then we get the proper take off in the share price, all being well.

After the DES oil to water fiasco......everyone should be careful until flow testing confirms oil and flow rates.......and everyone should be careful of any company who does not do a flow test asap on their "discovery".

[grannyboy] 09/9/2019 08:19

Think the market has been overwhelmed with successful drilling results this morning....RBD, MATD, HUR, ZEN.., TXP.

[grannyboy] 09/9/2019 08:11

Wonder if we will see those doom and gloom merchants today...