Matra Petroleum Share Discussion Threads

[nedhammers1] 28/5/2017 20:05

Exactly what I thought Rodders, maybe it's an error on the letter, I will check with them to clarify how many shares I have to see if it tallies with the letter.

[rodneyfoster] 28/5/2017 17:05

You should have around 4260 new shares equating to around £3k

[nedhammers1] 28/5/2017 15:43

851874 that's how many shares I had in old world just checked my Halifax account

[nedhammers1] 28/5/2017 11:36

What I meant to say is I bought/held £16976 worth at the time and my average cost was roughly 1.96p in old money, and I thought that equates to around £3000 in the new world of 8sek. I suppose I did not check too closely ....

[nedhammers1] 27/5/2017 23:10

Hi Rodders all I know the I bought just under 2p average at a rough cost of £16976 before delist ....

[beggarman] 27/5/2017 12:55

The problem is the Melody loan which is $20m at 15%, this accounts for $3m per annum in interest payments out of a total of $4.8m. If they could refinance this loan at say 5%, that would shave $2m of the annual interest payments. It would improve cash flow and make more funds available for development.

[nedhammers1] 27/5/2017 11:16

Thanks Beggarman, yes I was worried about the interest payments on the loan as that cut into any profit or capital to invest, I think if they don't dilute the share price then yes looks much more positive :-) thank you for my valuation much better than the 3k I was expecting my book value was 17k but am happy with that better than nout! And looks likely to increase in value, happy days

[beggarman] 27/5/2017 10:35

ned - I read somewhere else that they are trying to renegotiate the debt to reduce interest payments. This is dependent on production increases but if they could avoid a placing by improving cash flow that would have a positive effect on the share price.


8515 * 7.8 (Friday's bid price)/11.13sek/£ = £5,967.00

[rodneyfoster] 27/5/2017 10:33

If you now have 8515 should have held around 170k previously

[rodneyfoster] 27/5/2017 10:30

How many did you hold preconsilidation

[nedhammers1] 27/5/2017 10:26

It looks good news, but for most it just means not as big a loss as expected even if it doubles, but so much better than nothing as we first thought :-), I'm being lazy and finally my transfer has gone through from Halifax to share centre. I think for some reason they have doubled my actual shares, I thought it shud only be 4000 odd but my account is showing 8515 how much would that be worth in sterling? My rough calculation was about 7k, anyone please?

[beggarman] 27/5/2017 09:46

There was a broker note from Eric Penser yesterday, the translation is as follows:

Erik Penser: High price potential in the share - but at high risk

The oil and gas company Matra Petroleum's share has great potential but with a high risk. This means Erik Penser Bank in an analytical commentary after Tuesday's first report as a public company.

The first quarter was broadly expected, however, but the bank believes that quarterly production was somewhat clerical than expected.

Production for the rest of the year and 2018 looks lighter:

"Following the report, we have increased our estimate of revenue by 4.9 percent for this year and 4.1 percent for 2018 based on slightly increased assumptions about production for the new wells being drilled. We now count on average production of 1,000 barrels a day And 1,790 barrels for this year and 2018, "writes Erik Penser Bank.

During the first quarter, the oil company's production was 654 barrels per day. The company aims to reach 6,000 barrels a day, which could happen in 3-4 years according to Matra Petroleum's CEO Maxim Barskiy.

However, in an overall comment, the bank points out that Matra Petroluem is at high risk for a new issue in the future. However, the face is large:

"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. If the company succeeds in achieving its production target without making money from the owners, we see more than a doubling potential in the share."

[looneytune] 25/5/2017 23:16

A good find Matra boy:

hxxps://youtu.be/Gk8IfbhZiUk

[matra boy] 25/5/2017 22:48

Anyone else seen the youtube interview with our friend maxim. Interesting times ahead.

[nedhammers1] 25/5/2017 17:41

Fair point Dougal, fair point :-)

[dougal18101947] 25/5/2017 16:05

You may as well see how it pans out for 6 months. I'm not an expert but if the share price is holding currently and there all this work to be carried out then selling later just may ease the loss. You've waited 3 years wants another 6 months.
I have a lot to lose so let it ride.

[nedhammers1] 25/5/2017 10:06

That's great, Halifax and sharecentre sorted mine out between them in the end, they were helpful, it's just not a normal transaction and new to them, hence the length of time to resolve glad it's sorted. I'm not sure to hold or sell and invest elsewhere. Might just wait for the next news ....

[dougal18101947] 25/5/2017 09:56

My shares have been converted to the new ones the problem is transferring to TD
I just got a call this morning from this guy at Halifax his brilliant he would not let go of this problem and TD have finally agreed to accept the transfer through Crest. It is TD who have been the problem

[looneytune] 25/5/2017 09:02

And yesterday!!

[beggarman] 25/5/2017 08:58

Bank holiday in Sweden today, there may be limited trading tomorrow. The Swedes like to turn Thursday Bank holidays into a long weekend.

[nedhammers1] 24/5/2017 19:18

They might be listed but you can't sell them through Halifax

[rodneyfoster] 24/5/2017 19:04

Just hunch Nothing more

[nedhammers1] 24/5/2017 18:48

What makes you think that Rodders?

[hashertu] 24/5/2017 18:40

Dougal.

I was notified by Halifax of the 1000:1 consolidation of Matra AB shares on March 16.
The new shares are listed in my account.

[rodneyfoster] 24/5/2017 17:50

Wouldn't sell at this price -Wait for big announcement .Bound to be one - thinks I