Petro Matad Share Discussion Threads

[avsome1968] 10/9/2019 18:17

Looking more tempting to buy back in, be keeping a eye on it during tomorrows session.

Pro

You told everyone on here that you have not sold one share, can look back over posted messages to prove this you've stated it a few times , am pretty honest what I say and sold out in 3 trenches making nice tidy profit as most know on here, your thr10 Sep '19 - 16:10 - 348 of 364
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An example.......after Wild Horse-1 well last year MATD went to 2p. I purchased bucket loads at 2p and just over.

Its been up to 9p since then....... I sold at 6p with a 300% gain and back in again at 5p.

When it was 2p all the muppets were screaming how its going down and worthless......all quiet as it rose to 6p and 7p and 8p........


PATIENCE in the markets pays off..........emotional selling and then screaming and being angry.....well.........enjoy your stress and heart attack soon methinks......

:)ead on I3 energy'

Your certainly a canny trader hope other investors not been sucked in. best of luck to all that are still invested.

[gunsofmarscapone] 10/9/2019 17:43

I bet you took some profit Pro haha, maybe even a wee shorty? Granny I would rather talk about technical subjects than bleeding ukip to a ukipper!

[gunsofmarscapone] 10/9/2019 17:41

The article, if it exists, doesnot make sense at all. Most projects and in particular US shale have >35$ capex per reserve bbl and opex, they are wiped out by 10$ oil but the paradox is this, the cheap producers tend to be have mono industries so will inflate the price by duty anyway. Taking the base position that shale oil is a swing producer 50-70$ per bbl for the medium term looks about right, more in the event of geopolitical mayhem.

These articles are designed to influence not to inform.

[pro_s2009] 10/9/2019 16:02

Lots of people were buying in at 2p and 3p and 4p levels.......they are likely derisking now ahead of Red Deer.

Thats what happens, the share price has been up 400% at 8p........lots of profit to take from the previous 2p levels.

Consolidation.....if the next news is good then the share price moves up fast, and if not, down it goes.

Just wait for news :)

[2solaris] 10/9/2019 15:56

I think people are scared Red Deer won't get a 'pleased' as well in the RNS next week!

[alistair4444] 10/9/2019 15:53

interesting !

Real truth today

SP Down 9.2 % In reality 662,160,000 share total for MATD

so far today only 6.3 million traded which is only 0.95

don't be fooled.

[catchingmice] 10/9/2019 15:52

It's pretty clear that this is not commercial and there isn't much oil.The potential here is limited unlike other several oilers and i don't see this hitting 20p or more and that's if the other 2 wells are a hit ?Please DYORI am not here offering advice as shares can go up or down

[talkman2] 10/9/2019 15:48

The market does not like oil discoveries

[imjustdandy] 10/9/2019 15:14

Delighted cause I'm loading up here at 6.95

[ken chung] 10/9/2019 15:13

I am very happy with the fall today.

How does everyone else feel?

Shorters gift.

Lemmings and mushrooms only.

[pro_s2009] 10/9/2019 14:31

PetroChina wells produce on average at up to 200 bopd. These are all pumped wells.

It will be interesting to see the flow rates from Heron-1, will they match the 200 bopd of the PetroChina wells ? or will it be better than that given the better porosity and permeability ?

[theaviator] 10/9/2019 14:04

Told ya! :)

[pro_s2009] 10/9/2019 14:00

It was telling that Mike commented the 4th well WILL BE Velociraptor, that shows some confidence that Heron-1 will flow commercial oil imo.

Wonder when the drill bit will be in the Red Deer target zone - probably this weekend.

[tomford8] 10/9/2019 13:58

Petro Matad cash balance at 30 June 2019 was USD 16.12 million

Financial Summary

LONDON, 3 September 2019: Petro Matad Limited, the AIM quoted Mongolian oil explorer, announces its unaudited interim results for the six months ended 30 June 2019.

The Company's cash balance at 30 June 2019 was USD 16.12 million (USD 3.79 million in cash and USD 12.33 million in Financial Assets), which compares to a cash balance of USD 15.55 million (USD 12.54 million in cash and USD 3.01 million in Financial Assets) on 30 June 2018.

Following the two successful placings in 2018, no new fund raises have been undertaken in 2019 as the Company's cash resources are sufficient to fully meet the costs of the planned 2019 drilling programme.

info*The cost of $3m for Heron, $3m for Gazelle, $3m for Red Deer, $4m for Velociraptor and $2m for geological studies

[taxibabe] 10/9/2019 13:02

Until we see the terms market will reserve judgement about Heron its very tied up with the chinese. RED DEER is not quite a wild cat well but its not a certainty either. Gazelle is a small prospect, and Velociraptor is pie in the sky.

[grannyboy] 10/9/2019 12:59

Imagine having an evening in with the weather guru....GOM ..

Wouldn't it be a hoot... :-[ bet time⏰would flyby..🐢8034;...

[pro_s2009] 10/9/2019 12:58

Yes.......and its not a free farm out is it.

PetroChina will be paying to farm in........did you forget that ?

[taxibabe] 10/9/2019 12:56

I think what your forgetting in your calculations PRO is that HERON will be farmed out to petrochina and will only retain a 50% interest at best. That was probably what the delay was with the regional governor who was being pressured by the chinese. My guess is a lot we are not being told here.

[pro_s2009] 10/9/2019 12:36

No expense in rig hire......the rig is moving off site to drill Gazelle. They dont use this rig for flow testing, the rig is for drilling only.

The flow testing equipment is a flow testing rig - aka....the testing rig.

MATD has a history - that history will change when a Block XX well is deemed commercial, and that will only occur when the testing rig has finished testing.

[gunsofmarscapone] 10/9/2019 12:02

Why the poor market response to a discovery? Is it a combination of the, for the moment, equivocal result and an expensive (in rig hire terms) up to 30 day delay for the testing equipment to arrive?

Still watching operations from the fence with a meteorological chart at hand.

[imjustdandy] 10/9/2019 10:12

This is an Aim winner

[pro_s2009] 10/9/2019 10:03

Absolutely ranald, and I believe now based on a delighted Mike Buck and in knowledge that the whole structure is 5M higher up (and further away from any oil/water cut off point) and porosity is better that Heron may be a very significant size, in excess of 40 MMBO recoverable in size.