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Share Name Share Symbol Market Type Share ISIN Share Description
Petro Matad LSE:MATD London Ordinary Share IM00B292WR19 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.375p +4.23% 9.25p 9.00p 9.50p 9.25p 8.875p 8.875p 92,707 16:25:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 15.3 8.8 3.1 3.2 29.27

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Date Time Title Posts
26/7/201700:14MATD RISE OF THE PHOENIX1,665
05/6/201708:19The Resurrection Of MATD362
23/1/201720:10Petro Matad7,108
02/11/201608:52Petro Matad (MATD) Shell is to pay Ј12m cash to disengage from its commitments224
16/8/201611:03Petro Matad PLC - Discussion Thread Moderated364

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Petro Matad (MATD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-07-25 15:25:429.2010,000920.00O
2017-07-25 15:22:229.011,717154.74O
2017-07-25 15:21:109.2525,0002,312.50O
2017-07-25 15:09:479.239,837907.46O
2017-07-25 14:10:008.8850845.09O
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Petro Matad (MATD) Top Chat Posts

DateSubject
25/7/2017
09:20
Petro Matad Daily Update: Petro Matad is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MATD. The last closing price for Petro Matad was 8.88p.
Petro Matad has a 4 week average price of 7.38p and a 12 week average price of 7.38p.
The 1 year high share price is 38.75p while the 1 year low share price is currently 1.80p.
There are currently 316,473,908 shares in issue and the average daily traded volume is 781,241 shares. The market capitalisation of Petro Matad is £29,273,836.49.
21/7/2017
09:28
mattjos: folk are obsessing about Bergen and past funding deals & drawing the wrong conclusions. Why would Bergen sell all their stock now, create a falling share price and then not benefit from any of the potential upside from the drills? They know the market will be here in droves as the drill starts because the prize is just too big to be ignored. That is more likely the time when they will look to trim their holding but, by then the share price will be much, much higher than it is today as the excitement builds. There will be huge demand then for Bergen to trim a proportion. At this stage, having the funding in position in the run to the drill is the best thing the company could have done .... people also need to consider that if they hit a huge gusher, they will also need money to manage that event & that availability of cash will help ensure they can remain independent & negotiate any farm-out from a position of strength. think about it logically folk rather then blindly sell. I suspect that Holdings RNS will now encourage earlier 'sell on Bergen news' to buy back
18/7/2017
16:55
evil_doctor_facilier: I am personally at a complete loss how on earth this individuals formed the opinion that Bergen would not take advantage of the low share price to excise its option to purchase the monthly $1.2 mil of stock? Moreover the funding agreement is actually set up for Bergen to do this Monthly. Is it not the case that last week large volume buying, specifically Thursday and Friday had no impact on the share price whatsoever and small volume sells instantly had the MM's running away from the bid. Where prey did all that stock originate from? Until Aim companies stop selling their shareholder down the proverbial river with suicidal funding exampled here, then they do not warrant any interest from investors whatsoever. Clearly the presentations timing is at very best suspicious and i suspect 'positive' news flow will inevitable be followed by these transactions. Clearly no one is going to win here save Bergan.... I would put forward as reasonable argument that you would have greater odds achieving a positive financial outcome playing 'pea in the shell' at Oxford street than owning these shares!!!
18/7/2017
16:36
evil_doctor_facilier: Regarding today's issue of shares at 7p after Bergen selling and i suspect buying as well to create smoke and mirrors all last week . How on earth this man has the temerity to criticise the quality of others posts is amazing! Mattjos 13 Jul '17 - 22:15 - 1646 of 1658 0 1 Bergen & associated parties are specifically prevented from shorting the stock but, not prevented from going long the stock at this stage of the proceedings, are they? What stops them being a buyer / trader now with bias to being long the stock in the run to the drills? An upward trend on the share price in the coming weeks will suit them on that tack & suit the company also.. gains on that tactic merely help them achieve ending up being at least flat, if not in profit, on the funding deal ahead of the drill results and everything thereafter is jam for them. ---------- Mattjos Bergen are currently averaged at something around 30p, are they not? Think they are selling now for a 60% loss? --------------------- Mattjos 13 Jul '17 - 12:30 - 1643 of 1659 0 0 lol ... look at Bergen's average to date ... you think they'll be wanting to sell them at less than 40p? -------------------------------------- Mattjos Bergen are averaged very considerably higher than the current share price & are barred from playing the short side also. Surely they cannot risk seeing the stock price continuing to trend lower below their average, just in case the first drill is a duster.
13/7/2017
22:15
mattjos: Bergen & associated parties are specifically prevented from shorting the stock but, not prevented from going long the stock at this stage of the proceedings, are they? What stops them being a buyer / trader now with bias to being long the stock in the run to the drills? An upward trend on the share price in the coming weeks will suit them on that tack & suit the company also.. gains on that tactic merely help them achieve ending up being at least flat, if not in profit, on the funding deal ahead of the drill results and everything thereafter is jam for them. Folk seem to have condemned the company, the management, the data, data analysis and the huge opportunity here,before they have even got a drill bit in the ground ... for why? Because they do not understand why Shell was boxed in and had to walk away from this for reasons entirely unrelated to the opportunity + they have seen the word Bergen and turned away without thinking through the deal structure and timing. That's just ignorant & unthinking. I think they will return en masse as this trends upwards towards September
10/7/2017
20:54
mattjos: $43m investment via Bergen over the next 15-18 months is a huge commitment. Bergen are not going to make that offer unless they are pretty damn sure of there being a market to sell some of the issuance into. The company is not in a position to use debt for the cash required & any other option would see them having to diminish their ownership of the very asset they will drill in a few weeks time. A lottery ticket win is not a reliable option either. The actual equity to be issued to Bergen between now and the first spud is pretty small. Bergen will no doubt have their own way of handling these things & the company will not wish to dilute unduly. I still think there should be an overall appreciation in the stock price & mkt cap between now and the spud in September. Thus far, Bergen are averaged very considerably higher than the current share price & are barred from playing the short side also. Surely they cannot risk seeing the stock price continuing to trend lower below their average, just in case the first drill is a duster. If they hit big oil on the first drill, the company is not obligated to continue with Bergen ..... under those circumstances, they would have more than one funding option to choose from, as at least one major would be knocking on their door. Given the options, I believe the company has acted in the best interests of all stakeholders at this stage of the play. Bergen should easily get their initial small sum of money between now and the first spud ... it's what happens after the result of the first drill is known that counts. Anyway, I will be in the for the ride now, from 8p, to the at least the first drill result I assume Bergen will use Cantor as their preferred MM for dealing in the London market
05/7/2017
09:30
mattjos: The agreement with Bergen is pretty flexible & it makes sense for the both parties to see an appreciating share price during the funding process. The targeted assets are simply too big for the company to try and go it completely alone without additional funding. If the drills are a success and discover anything close to the indicated reserves then, they will not have to continue with Bergen. An O&G major would partner with them in a flash. It's chicken feed if they simply call down $5-6m from Bergen between now and completion of a first successful drill
25/6/2017
12:27
smithless: prettybullish - back end of last year the mgt stated no reason for the share price going up! You could say forewarned. A lot of wild momentum trading took the share price from 3p to crazy heights earlier in the year -it was based on virtually nothing. It stated it had $6m of cash back in January, which would imply a cash burn of $0.6m per mth. Had a further $5m from Shell since (this has to be repaid if a farmin happens) and $1.2m from Bergen ($2m from the conv hasn't been announced so not included). I suspect it has used another $3m in cash since January, so... 6+5+1.2-3=$9.2m for a drilling campaign. This isn't anywhere near enough, that's why it did a deal with Bergen. Will Bergen be selling? yes. What's is acceptable level for the management to see its share price fall to? 1p IMHO. It has no choice. These are wildcat drilling's in a remote part of the country, with no infrastructure and no history of a discovery even being made in the two blocks or anywhere near them. Very high risk, with about a 3% chance success and that's before a viability study, if they are lucky. I can't see Bergen taking this sort of risk, therefore the likelihood is the share price will weaken or if any news flow Bergen will sell into it. As for a farmin, its not going to get better terms than BG and it would have to repay $5m to Shell. Could be lucky, but investors should be realistic
08/5/2017
16:04
goldbullion: On behalf of my good friend loglorry1, who by a small mistake, posted this on CTAG thread. loglorry18 May '17 - 15:37 - 579 of 580 0 0 Bears here who are looking for opportunities on the short side should take a look at MATD. It's just announced a death spiral financing agreement with Bergen. http://uk.advfn.com/stock-market/london/petro-matad-MATD/share-news/Petro-Matad-Limited-Financing-Agreement-with-Berge/74521468
09/12/2016
11:58
mrjackpot777: Petro Matad Limited Share Price Movement and Result of AGM 09/12/2016 11:55am UK Regulatory (RNS & others) Petro Matad (LSE:MATD) Intraday Stock Chart Today : Friday 9 December 2016 Click Here for more Petro Matad Charts. TIDMMATD RNS Number : 4679R Petro Matad Limited 09 December 2016 9 December 2016 Petro Matad Limited ("Petro Matad" or the "Company") Share Price Movement and Result of AGM Petro Matad notes the recent movement in the Company's share price and can confirm that there is nothing further to update since the Company's updates on 3 November and 16 November 2016. The Company continues to expect that the approval from the Mongolian Government of the reassignment of the interest in Blocks IV and V is likely to occur before the end of 2016. Following the approval, Petro Matad will hold 100% of Blocks IV and V, and a payment of USD$5 million will be due to the Company from Shell. The Company's formal farmout process is in progress. There is a significant amount of interest expressed in our blocks and several companies are now reviewing the information in the data room. Therefore, the Company has extended the bid deadline to February 2017. Result of AGM The directors of Petro Matad announce that, at the Company's annual general meeting held today in Mongolia, all resolutions put to the meeting were duly passed. Further updates will be made in due course.
01/7/2016
11:05
jeanpenty: Evil Diaries today: http://masterinvestor.co.uk/evil-diaries/62857/ Things got interesting latish yesterday in Petro Matad (MATD), now capitalised at £4.5m given the shares in issue of 280m at 1.65p. Essentially, Shell is due to cough up $10m by way of an exit fee and have not yet paid over the necessary. This is because there is no point in doing so if the money just gets consumed by bureaucracy. The Mongolian government refuse to allow the licences falling to be transferred out of the Shell JV to MATD alone unless satisfied that the drilling work which has been and remains scheduled will be carried out. MATD advise that further funds will be required above and beyond the $10m. They do not specify just how much is required. It is of course possible that MATD cannot raise the necessary. In which event the licences in question will lapse. But my guess is that MATD will raise the necessary and that Shell will pay up and that MATD will be financed for the drilling programme. Where this settles the share price I do not know. I bought 1m at 2.2p.
Petro Matad share price data is direct from the London Stock Exchange
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