Matra Petroleum Share Discussion Threads

[budgetbond] 30/11/2016 10:35

saulcom, there's been no official announcement on a merger, just speculation from a few of us.

It's an interesting point you make about the possibility of a significant discovery announcement - Matra's reserves were re-rated in the summer and then beggarman alerted us to a huge discovery only 200miles away from the Matra fields recently. Superted has also suggested previously that the previous leaseholders didn't know what they were really sitting on when they sold the fields.

I firmly believe that this will be bigger than a straightforward listing of their existing reserves although dont know what quite what form it will take. Interesting times ahead.

[saulcom1] 30/11/2016 09:51

I wonder. There seems to be consensus that there will be a merg of some sort. Where do you read this in the most recent Matra announcement? The term restructuring is often associated with some sort of get together with another. But it is most certainly not always the case. My feeling is that Matra will make a 'relatively' significant discovery announcement either reserve based or otherwise which will dictate its re-listing programme and perhaps some major shareholder involvement.

[beggarman] 30/11/2016 09:50

The Q3 results for Dome Energy are out, Turnover $1.2m, Gross Profit $571
(Margin 46%), Net Profit -$987 Volume 586boepd/53,912 for the quarter.

The Dome share price has risen 25% so far this week.

[budgetbond] 30/11/2016 09:41

beggar, okay fair enough

I dont concur with the view that Winpro (or any of the other major investors) will be looking to sell up at the first opportunity

[matra boy] 30/11/2016 09:41

Budget I'm kinda guessing 2-3p on relist. I would be happy with that. I agree with you, the deal is done and it's just a waiting game now. Another couple of months is nothing considering how far we've come lol

[beggarman] 30/11/2016 07:28

budget - We are not talking about the same thing here, Ted is talking about Winpro doing a deal to sell their shares prior to the listing. I don't believe a potential buyer would do a deal at this stage because they will not know the value of their shareholding until after the restructuring.

[budgetbond] 30/11/2016 06:55

beggar, I'm sorry mate but you're wrong about the deal not being done. They will not have decided to list and then started searching for someone to do a deal with - equally if they have decided who they are going to do a deal with, they will have been in discussions with them for months to thrash out the details of the deal. They will not have risked issuing an announcement to relist knowing that a merger was part of the deal for it to potentially fall through and risk the listing. I was involved in a large acquisition a couple of years ago that was reasonably straightforward and that still took six months to negotiate and complete.

superted, my bet is somewhere between 1-2p on relisting and could be higher. I have no basis to justify this as I have no idea what the deal could be or how it could be structured but Maxim et al are big time players and this is a great opportunity to create some value for his major investors. Forget about us as the PI's and think about the conversations he would have had with the likes of Tricon after locking them out of trading for three years with a promise of 'jam tomorrow'.

[supertedsmith] 29/11/2016 19:58

Just repeating what I was told .Doubt if same source though

[beggarman] 29/11/2016 19:24

Ancient history Fireeast posted that on the UEN board in 2013.

[supertedsmith] 29/11/2016 19:08

No specific figures but told people selling leases did t know what they had -Budget - let's bet I say each current share will be belowDelist price What's the bet

[budgetbond] 29/11/2016 18:52

Anyone who thinks this is going to relist at 0.2p is so far off the mark its laughable. And that includes you superted. Dont forget you have been wrong at every stage so far and you will be wrong again. You are just not thinking like a major investor and that has been your problem all along and why I always knew they would relist (and you always said they wouldn't).

Do you really think that Maxim will have locked out the shareholders for over three years to then offer them the equivalent of a 75% haircut? Absolutely no chance.

None of us know how the deal will be structured, or whether we will merge with another company, but this will list at a minimum of 1p+

[doxford] 29/11/2016 18:50

Ted,
re potential massive reserves? What exactly were you told?

[beggarman] 29/11/2016 18:49

According to the operational update of 30th June this year the P1 reserves are nearly 23MBOE, does this fit in with your information?

[supertedsmith] 29/11/2016 18:44

I was " told" by a non Matra person that they have potentially massive reserves

[beggarman] 29/11/2016 17:41

I can't believe they have done a deal at the moment, a potential buyer would wait until the restructuring is known. Otherwise they will not know what they are getting for their money.

[supertedsmith] 29/11/2016 17:34

Beggarman Could have sold out and just not officially till lock In period over -

[beggarman] 29/11/2016 17:26

magpie - The way to look at it is as follows, they are currently around breakeven on their holding. So whatever they sell their holding for is a profit but they may have to hold their shares for a minimum amount of time after listing in Stockholm.

[beggarman] 29/11/2016 17:23

It's not an opinion I just took your post 13532 and divided 10sek by the exchange rate of 11.2 to the pound and it converted to .892p.

[magpie105] 29/11/2016 17:23

Sorry Ted, still not following, are you saying they have already offloaded at a loss or at a profit?

[supertedsmith] 29/11/2016 17:17

Beggraman

Work that to be around 0.8 / 0.9
think you are being too optimistic

[beggarman] 29/11/2016 17:16

It would be .9p, just under the delisting price.

[supertedsmith] 29/11/2016 17:12

Magpie if they offload or already have it would be a large holding and so not readily
available at market prices .

Just guessing here but I can't see them hanging on long term that's assuming they haven't already done a deal

[supertedsmith] 29/11/2016 17:10

So let's say 10sek after consolidation of 100/1 what does that value one of our current shares at prior to any split

[magpie105] 29/11/2016 17:01

Im confused, are we saying that MB et al are going to offload there shares at a massive premium to listing to some mugs (cant see said mugs being overly keen given its a pretty hefty trade) or are we saying they are going to be part of the large buyer group if raising capital hence reducing their avg cost and becoming even bigger holders?

[beggarman] 29/11/2016 16:50

Ted - They may have to hold their shares for twelve months after listing but if the price was sky high that would dissuade potential buyers.

We need to know the complete deal, they are not listing the shares for no reason, they will at least be raising fresh capital via a placing and possibly a merger as well. Until we know how the restructuring pans out it's difficult to make an assessment regarding the share price. I believe they will be looking at around 10sek so the minimum consolidation factor would be 100/1 but it could be higher.