Matra Petroleum Share Discussion Threads

[supertedsmith] 31/10/2016 12:03

Well it's a fact that it is 3 years .So other than not liking me pointing it out what else can you complain about .How much time are you going to give these folk before you admit what they really are

[budgetbond] 31/10/2016 11:54

magpie, its a copy and paste

[magpie105] 31/10/2016 11:49

Not like you Ted to come up with a post saying that.

[supertedsmith] 31/10/2016 11:38

3 years today since these shares traded on AIM and some of you think they are interested in anything but milking company .Even if were to relist or merge would have to be way above delist penny price to make up for these three years .

[beggarman] 31/10/2016 11:19

budget - I think this is a situation where companies house will judge each application on its merits and make a decision. I don't believe there is a list of special circumstances. From what I have read they tend to be unsympathetic to such applications, so they would need a very good reason.

[budgetbond] 31/10/2016 10:56

beggarman, do you know under what circumstances Companies House might issue special permission to extend the accounting period?

[beggarman] 30/10/2016 18:27

Well, at least we should know where we stand before Christmas. I can't see them wanting to face shareholders at an AGM.

[supertedsmith] 30/10/2016 18:20

Basically it's been an LBO using shareholders as collateral and then asset stripping

[doxford] 30/10/2016 17:58

30 million is a short guess at what has actually gone up in smoke and mirrors with nothing left for anyone to claim from the rotten carcass.

[supertedsmith] 30/10/2016 16:06

It hasn't looked good for us anytime since these honest folk got on board No surprise there Wonder how much they have really milked out of company in to that very very strange soko deal where Russian money is suddenly on the books to the tune of $25m.Prior management honest even if not successful . Presume they signed silence clause when they got paid off to disappear

[beggarman] 30/10/2016 15:54

A public company can only extend it's financial reporting year end once every five years unless it's in administration.

You can only lengthen the financial year more often than every 5 years if:

the company is in administration
you’re aligning dates with a subsidiary or parent company
you have special permission from Companies House

This does not look good.

[supertedsmith] 30/10/2016 15:39

Surely they need to inform us / company house by certain date that reporting dates pushed back

[beggarman] 30/10/2016 15:16

I don't believe so, as long as companies house are made aware before the end of the year. Turning up in person on the 31st December may be cutting it a bit fine.

[supertedsmith] 30/10/2016 14:39

Is there a deadline for them to announce changing reporting dates

[beggarman] 30/10/2016 14:14

The latest they could call an AGM to be held this year would be 30th November. If they haven't called one by this date, I would guess that they are going to change the reporting dates again.

[supertedsmith] 30/10/2016 13:29

BeggarmanWhat kind of notice do they have to give about postponement of AGM or other scenario non postponement it's date

[supertedsmith] 28/10/2016 10:27

It's all very very well talking about recovering oil price or banks ready to invest or lend but the caveat is that the people running the company are truly interested in relisting or trading shares .These people are not irrespective of economic arguments .They delisted to stop us having any say or bearing of company .They can also now do what they want so not just milk company but take it for all it's worth

[budgetbond] 27/10/2016 21:23

I'd be really interested to know how they're using the PeTech independent reserve report from June this year - the PV10 valuation at the time was based on an average price of $40.52.

[beggarman] 27/10/2016 21:06

budget - It's from an update on the 23 October 2014. It actually says 200 boepd, so it's not just oil, it's oil and gas.

[supertedsmith] 27/10/2016 21:05

Sacré bleu beggarman surely you are not implying that their whole involvement in matra has been a total scam - solely to delist and milk company dry and who knows even lgitimize money from Soko deal and that there is not an iota of chance we will ever be able to trade our shares .

No no I can't have such things said about these upstanding folk.
MB and Vlad have a reputation to maintain and they would never bend the rules of market to line their own pockets at the expense of us small shareholders .
Look at their actions since they got on board.
After all actions speak louder than words.

[budgetbond] 27/10/2016 21:04

Black bread rolls...mmm.

[budgetbond] 27/10/2016 21:02

beggarman, where did you get 200bopd from?

[beggarman] 27/10/2016 20:24

If you look at the Eclipse deal there are 85 wells to work over and a possible return of 200 bopd, so that's an average of 2.35 barrels per well. It doesn't make commercial sense to put those wells into production and I don't believe they will ever bother. The only benefit of the Eclipse deal is that they can count it towards the oil reserves.

That has cost $3.5m plus 12% of Matra plc.

[doxford] 27/10/2016 20:06

Vodka.
Caviar.
Black bread rolls.

[supertedsmith] 27/10/2016 18:48

Lots and lots of it so stop acting like an idiot calm