Matra Petroleum Share Discussion Threads

[rodneyfoster] 28/4/2017 11:26

Beggarman 8 seems to be safety price -Keeps bouncing back

[nedhammers1] 28/4/2017 11:12

Skint at this rate :-)

[nedhammers1] 28/4/2017 11:12

Lol beggarman were all in the same boat lol, one day Rodders we will be ........

[beggarman] 28/4/2017 10:58

ned - I dream about a share price of 4sek by the time my shares are transferred. They will be giving them away free with every box of cornflakes you purchase from Tescos.

[beggarman] 28/4/2017 10:55

They are going to issue the Q1 results on the 23rd may, perhaps this will have a positive effect on the share price.

[nedhammers1] 28/4/2017 10:20

Will be completed next week yippee, by then the price will be 4 sek :-(

[nedhammers1] 28/4/2017 10:06

Just checking with sharecentre if my shares have actually been transferred in

[nedhammers1] 28/4/2017 10:01

Has the share price tanked then?

[maceman] 28/4/2017 09:55

Next Friday's share price predictions? I'll say 4.75 then we'll get some amazing news and have a massive % rise to bring us to 8 with those in the know making a mint.

[rodneyfoster] 28/4/2017 09:18

In terms of transferring shares from one broker to another there is no problem CONTINGENT on the shares being the Swedish AB stock . If old stock brokers won't accept them.Ned if your transfer to sharecentre went through before March 16 then you have new stock .

[offerman] 28/4/2017 09:05

Are MTA listing soon? Thanks

[beggarman] 28/4/2017 08:56

This is for all Computershare shareholders:

I have spoken to conputershare at length this morning and they have advised me that they do not deal in the shares of Matra Petroleum AB, they only deal in shares listed on the London stock market. To sell the shares they will have to be transferred to a broker who can deal in the shares, there is a £25 administration fee payable by cheque to transfer the shares to another broker.

Hope this helps.

[rodneyfoster] 27/4/2017 23:25

In case anyone unaware that broker report which beggarman already posted few days ago comes from Matra own website .They are hardly likely to post negative broker reports .

[matra boy] 27/4/2017 20:13

Cheers looney.

[looneytune] 27/4/2017 18:40

Apologies if already seen. There is more...........

[looneytune] 27/4/2017 18:40

Analysis |
20 Apr 2017
|
Matra Petroleum
Rolls out as fast as possible
Matra Petroleum is an oil company focused on increasing production on the company's assets in Texas from today's 900 boepd to the 6000 boepd target. With an attractive valuation of the reserves, EV / 1P of just over USD 4 per barrel and an independent reserve valuation of over 3x market capitalization, we see a high potential in the stock at a high risk.

Newly-formed Swedish-listed oil company with operations in the United States
Matra Petroleum owns and operates 136 licenses to produce oil and gas in an area of ​​15 700 ha in the so-called Panhandle area in northwestern Texas. Matra Petroleum AB was formed in 2016 and owns 100% of Matra USA. The company has 1P reserves of 22.9 million barrels (MMboe), where only 10% have been drilled so far. Matra currently produces about 900 barrels per day (boepd) and aims to increase production to 6000 boepd. The company currently produces from about 260 wells, which the company expects to increase by about 900 wells to reach the production target. The company has a stock of 466 proven but undeveloped drilling sites.

Production increase due to major investments
The increase in production is dependent on the number of drilling rigs, which in turn depends on the availability of capital. With a cash of USDm 5 and an unused reserve-based credit of approximately USDm 20, we see space for 1 drill rig in operation in 2017 and 2018, with a capacity of 50 holes per year. This corresponds to investments of USDm 11 this year and USDm 18 next year. We expect a production of 1000 boepd in 2017 and 1670 boepd at the end of 2018. The company has restructured its loan portfolio at an average interest rate of 10%, and reduced operating expenses. The relatively expensive loan from Melody Finance, where interest rates of 15% are continuously added to the debt, make it important to seek new funding. A net debt / EBITDA of 22x 2017, 10x 2018, however, makes a new issue most likely. Should oil prices settle over USD 60 or if the company hedges additional funding, the rate of expansion can be significantly increased. Should the company succeed in obtaining funding for taking three rigs in operation this year, it could mean an EBITDA of over USDm 40 in 2019.

Attractive valuation that does not reflect potential
Matra entered USDm 4.8 after costs at the beginning of the year. This occurred at SEK 10, which corresponds to a valuation of EV / 1P of USD 4.2 per barrel. This is comparable to the average among listed oil companies of USD 8.4 per barrel. In June 2016, the company made an independent reserve valuation which showed a USDm 150 valuation of the company's assets, which compares to the market value of USDm 46. It was based on the current oil price of USD 38 per barrel. With today's oil price and forward curve, the same calculation amounts to around USDm 235 for the company's assets. With an attractive valuation and favorable prospects for increased production, we therefore see a high exchange rate potential in the share at a high risk.

[looneytune] 27/4/2017 18:27

hxxp://matrapetroleumab.se/wp-content/uploads/2017/04/MATRA_Company_presentation_April_2017-1.pdf
I will try upload the broker note later...

[looneytune] 27/4/2017 18:22

You can find it if you translate to english the Penser website then navigate to Matra Petroleum.

[looneytune] 27/4/2017 18:18

I tried to upload the English version of the Swedish broker note, sadly without success.

[beggarman] 27/4/2017 18:14

There has been an update on the company web site, there are some new articles under Investor Relations.

[mocolondon] 27/4/2017 18:06

and I always said below 8 I'm out watch it drop when I sell really bad company with no updates at least I will break even at 8

[mocolondon] 27/4/2017 18:00

do you guys actually hold any shares?

[rodneyfoster] 27/4/2017 17:57

Pinch no ton of salt business as ever with you Calm