|It won't dilute your holding if you do what you've been saying you'll do for what seems like most of my life now..... and actually sell.|
|The assessment echoes what you have been saying beggarman Debt levels and funding .Share placement will further dilute our holdings .|
|I have found the following assessment from the Erik Penser Bank. It has been translated from the original Swedish:
Penser Access: Matra Petroleum - Rolls out as fast as possible
TWO, APR 20, 2017 3:20 AM EST
Matra Petroleum is an oil company with 1P reserves of 22.9 million barrels (MMboe) of 136 licenses in northwestern Texas. Production amounts to 900 barrels a day (boepd) and the company aims to increase production to 6000 boepd. The increase in production is primarily dependent on access to finance, where the company's ambitions today are higher than the cash and unutilized credit facilities allow. We see room for a drill rig in operation in 2017 and 2018, with a capacity of 50 holes per year. This corresponds to a production increase to 1670 boepd at the end of 2018. A relatively expensive loan from Melody Finance, where the interest rate of 15% is continuously added to the debt combined with a net debt / EBITDA of 22x 2017 makes a new issue probable. Should the company receive funding for three rigs in operation this year, it could mean an EBITDA of over USDm 40 in 2019. Matra brought USDm 4.8 at the beginning of the year. The price of SEK 10 corresponds to EV / 1P of USD 4.2 per barrel, compared to the USD 8.4 per barrel section. While we see a high exchange rate potential, the issue of financing / refinancing is the main risk.
Read the full analysis: http://bit.ly/2oMeUO9
This is a press release from Erik Penser Bankaktiebolag. Read more at www.penser.se|
|As mentioned above we are just presenting a balanced view and trying to find facts to back up actions. I would expect some posters to make positive posts and some to be on the negative side, people reading the board can make their own mind up. The board is here for people to express their opinions after all.|
|Of course there will be a placing. Why else would they go to market.
Placing are done all the time to move the business forward, yes there will be dilution but this will be to GROW the company.
Seriously you lot are getting boring with the same record spinning CONSTANTLY.
I'll get out when "the price is right" but seriously don't see the benefit of doing what you lot are doing.|
|We are only trying to offer a balanced view. We keep hearing that the company is going to spend $5 to $10m on field development this year and also making acquisitions, the question is where is the money coming from?
The company is about to start to drill eight new wells, if they get them into production late July early August and they yield an extra 300bopd the company will have very little in the way of cash at the end of the year. That indicates another placing this year and more dilution.|
|I've actually found some positive news from the Amarillo Globe 16th April:
Intents to drill
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #317 C.L. Dial etal, (5973 acres) 4886’ FNL &536’ FEL, Sec 23, Blk 47, H&TC Surv, A-106, 5.5 mi NE from Borger TD 3275’, (sgd. Taylor Hickman 806-274-9517) Vertical
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #318 C.L. Dial etal, (5973 acres) 3708’ FNL &871’ FEL, Sec 23, Blk 47, H&TC Surv, A-106, 5.7 mi NE from Borger TD 3285’, (sgd. Taylor Hickman 806-274-9517) Vertical
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #319 C.L. Dial etal, (5973 acres) 2390’ FNL &346’ FWL, Sec 22, Blk 47, H&TC Surv, A-637, 5.8 mi NE from Borger TD 3260’, (sgd. Taylor Hickman 806-274-9517) Vertical
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #320 C.L. Dial etal, (5973 acres) 2000’ FNL &1000’ FEL, Sec 22, Blk 47, H&TC Surv, A-637, 5.9 mi NE from Borger TD 3265’, (sgd. Taylor Hickman 806-274-9517) Vertical
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #321 C.L. Dial etal, (5973 acres) 833’ FSL &1178’ FEL, Sec 1, Blk 1, H&GN Surv, A-50, 4.9 mi SE from Stinnett TD 3280’, (sgd. Taylor Hickman 806-274-9517) Vertical
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #322 C.L. Dial etal, (5973 acres) 330’ FSL &330’ FEL, Sec 1, Blk 1, H&GN Surv, A-50, 5 mi SE from Stinnett TD 3250’, (sgd. Taylor Hickman 806-274-9517) Vertical
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #323 C.L. Dial etal, (5973 acres) 1121’ FSL &375’ FEL, Sec 1, Blk 1, H&GN Surv, A-50, 4.9 mi SE from Stinnett TD 3285’, (sgd. Taylor Hickman 806-274-9517) Vertical
HUTCHINSON (PANHANDLE HUTCHINSON COUNTY FLD.) PG-M International Operating,LLC, #324 C.L. Dial etal, (5973 acres) 2151’ FSL &394’ FEL, Sec 1, Blk 1, H&GN Surv, A-50, 4.8 mi SE from Stinnett TD 3270’, (sgd. Taylor Hickman 806-274-9517) Vertical|
|They should all go to jail.|
|One of them Vlad - has already mysteriously disappeared into Matraland with his hard earned back pay -|
|Fellow wowsers maceman and beggarman not forgetting our honorary president LooneyWhats more Anyone selling 20k would make share price crash -|
|They keep mentioning making suitable acquisitions but how are they going to achieve this? They have spent a lot of money doing due diligence on a number of prospects if they are to be believed. They do not have enough money to make a cash acquisition. Had they a strong share price they could have made an all share acquisition but the shares have been listed with no positive news to drive them higher and are likely to drift during the course of this year.|
|Rodders dear boy, that is hilarious. I was always content in converting to neutrality when the listing announcement came, now we're here and all of your 'conjecture' (other's have called it different things) has been ratified, I revert back to knowing this whole thing has been a dirty beasting. The one thing I will thank these guys for is knowing my days of share dealing are over.|
|Let's face it the buys and sells day everything. This will thank next week ....|
|Dear fellow - in the immortal words of looney - WOWSERSJust to sum up on relist Total damp squib .Monty Pythonesque bordering on Beckett - So bad it is funny .Even brokers are lost keep contradicting themselves Cant sell in any great quantity as no one buying .But BUT BUT at least we have thanks to looney a new name for our merry band WOWSERS .Once a wowser always a wowser.Or A wowser in the hand is worth two in the bush .You can lead a wowser to water but can't make it drink .If at first a wowser doesn't succeed then saID wowser must give up .Red sky at night wowsers delight .|
|They currently have around $6,500 cash based on the pro forma accounts, they are likely to turnover $8m this year but lets say $10m. Their gross margin will be around $3.5m. So they have around $10m to spend. With regard to costs G&A was $3m last year and loan interest costs $4.8m.
This leaves around $2.2m for discretionary spending and we are told Barsky intends to spend $5 to $10m on development this year. Where is the money going to come from?
It can only be more placings and more dilution, nobody will touch them for loans because of the high debt ratio (everybody tells me the debt is irrelevant but it isn't).
The equity in the company is around $31m, which equates to around 8sek per share so we are still trading at a premium. If we had no debt the equity would be $75m and we would be looking at a share price of 19sek.
I'll do everyone a favour, as soon as I can get out I'm out based on the above.|
|ring them again they knew about this 8 weeks ago i have the email|
|Just spoke to international dealing team at TD.Explained that one week delay for selling due to fact that existing Matra shares not CDIs as previously WRONGLY informed .They can only sell Swedish stock -However any new stock they buy will be Swedish stock and can be freely traded .He placed blame purely on Matra .No charge for existing holders to transform shares into Swedish stock .However will charge for those moving from another broker Matra Management obviously knew of this "minor detail " but obviously didn't care .|
|I'm with you begger and you see 4066 sold and 4066 bought bad smell? but I'm holding a year or so they will come come good if they ever update there shareholders GOOD Luck! all|
|You guys are a bit shallow, so what you are stating is that Maxim Barskiy had his opportunity, blew it and will never succeed??? Wowsers!!!!|
|That's it for today folks!|
|moco - He arrived in May 2012, he's had five years and the company has gone backwards.|
|he's only had 3 years oh ok I will give hime a bit longer lol|