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
  +0.00p +0.00% 7.675p 7.75p 8.10p - - - 0.00 07:30:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.0 -0.1 0.1 96.9 22.07

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Date Time Title Posts
07/12/201616:25The Resurrection Of MATD111.00
07/12/201611:40Petro Matad7,063.00
25/11/201610:30MATD RISE OF THE PHOENIX1,567.00
02/11/201608:52Petro Matad (MATD) Shell is to pay Ј12m cash to disengage from its commitments224.00
16/8/201610:03Petro Matad PLC - Discussion Thread Moderated364.00

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Petro Matad (MATD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:15:297.6825,0001,918.75O
07/12/2016 17:24:597.65100,0007,650.00O
07/12/2016 17:09:347.6825,0001,918.75O
07/12/2016 16:57:527.30100,0007,300.00O
07/12/2016 16:29:397.6010,000760.00O
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Petro Matad (MATD) Top Chat Posts

DateSubject
07/12/2016
08:20
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 7.68p.
Petro Matad has a 4 week average price of 4.61p and a 12 week average price of 3.41p.
The 1 year high share price is 9.88p while the 1 year low share price is currently 0p.
There are currently 287,494,775 shares in issue and the average daily traded volume is 4,989,516 shares. The market capitalisation of Petro Matad is £22,065,223.98.
28/11/2016
08:26
okuta: How did the share price finish in the US on Friday , anyone know please ? A good start here .
25/11/2016
12:45
jacobengel: Where's Bjorn...Shame you now look like one of the biggest tools on Advfn!It's amazing what a few months can do to a share price.I'll accept your apology whenever you fancy giving it??? Bjorn Ironside - 30 Jun 2016 - 21:09 - 7034 of 7041 - 0Where's Jacob?Can you give us some of your great analysis mate after this bombshell?
24/11/2016
11:12
basem1: Yes, with such a small market cap.....who knows ? Strike oil £100m market cap - share price 35p
18/11/2016
10:18
bad gateway: Be great if you did have the ability to grind this one down to 1p kim as I'm sill a buyer here but no need for scaremongering on the cashburn is there? http://uk.advfn.com/stock-market/london/petro-matad-MATD/share-news/Petro-Matad-Limited-Operational-Update/72818654 "The Company has undertaken cost cutting measures which are expected to reduce G&A by approximately 30% over the remainder of 2016 and 2017. The savings realized, even in the absence of securing a farmout or additional funding, should enable the Company to fully finance the 2017 work program, including the drilling of two exploration wells." Sounds like they have more than enough cash for their current plans and theres probable farmouts to take into acct as well going forward.
08/8/2016
12:48
bandflex: As the rampers have gone into panicked overdrive to bury my post I will post it again, "In relation to Block XX, cumulative expenditure shortfall is $4.3 million at the end of 2015. PAM has agreed to a one-year moratorium which will enable the Company to defer expenditures towards the minimum PSC obligation by one-year and extends the exploration term to July 2018. In addition, the moratorium approval allows the cumulative expenditure shortfall as at 31 December 2015 of $4.3 million to be spent after the moratorium has ended. Prior to the moratorium ending, the Company will have to arrange for alternative sources of funding to fund the future exploration expenditure commitments of $21.3 million for Block XX due by July 2018. The Company is actively pursuing farm-out options to raise the necessary funds to assist in meeting the obligation." The moratorium began on 1 Jan 2016. So they need to arrange an additional $21.3m finance for Block XX by the end of this year. That's probably what is holding back the share price. Its all in the final results RNS, you can pretend it does not exist but is a fact, as supplied by MATD.
08/8/2016
11:21
bandflex: I think the only farm-out will be with regard to Block XX and it is a big fat fly in the ointment. From the Final results- "In relation to Block XX, cumulative expenditure shortfall is $4.3 million at the end of 2015. PAM has agreed to a one-year moratorium which will enable the Company to defer expenditures towards the minimum PSC obligation by one-year and extends the exploration term to July 2018. In addition, the moratorium approval allows the cumulative expenditure shortfall as at 31 December 2015 of $4.3 million to be spent after the moratorium has ended. Prior to the moratorium ending, the Company will have to arrange for alternative sources of funding to fund the future exploration expenditure commitments of $21.3 million for Block XX due by July 2018. The Company is actively pursuing farm-out options to raise the necessary funds to assist in meeting the obligation." The moratorium began on 1 Jan 2016. So they need to arrange $21.3m finance for Block XX by the end of this year. That's probably what is holding back the share price.
01/7/2016
10:05
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.
30/6/2016
21:16
investment dave: No one could have foreseen the news today hence share price rise yesterday. Either way looks like shut up shop time here and move on
22/6/2016
18:04
neo26: Dice its clear the farm out deal included what the consequences will be if BG pulled out in certain phases of the operation. Matd know the figure but stated they need to finalise the deal. I think we may get news next week or week after.Still maintain compensation will be between $7m-$10m. This should re-rate the share price.Matd will have enough funds to start the drilling campaign in 2017.
04/5/2016
07:27
bad robot: name of the game buy low sell high. compensation of $32m + exit fee. Do the maths. we are talking another 10p-12p on the share price share price. DYOR IN BR WE TRUST
Petro Matad share price data is direct from the London Stock Exchange
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