Matra Petroleum Share Discussion Threads

[rodneyfoster] 19/6/2017 12:28

Beggarman They can't issue more shares with current share price Will be totally diluted .Where do you see share price in short term .Sub 5?

[beggarman] 18/6/2017 14:13

The two completions go back to March, so they are probably two of the three wells started in January, I'm assuming the third well is a duster.

They are intending to drill 9 wells in the short term but production from these wells will not probably occur until the Q3 results.

I'm expecting Q2 results to have revenue around $3m, with production around 725bopd.

Barskiy needs to sort his financing out because he will be running short of cash after drilling another 9 wells, so it's either re-finance the loans or a placing.

[rodneyfoster] 18/6/2017 13:16

How many wells does that make this month

[beggarman] 18/6/2017 07:58

The following is taken from the Amarillo Globe of 4th June:

Intents to drill


HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #305 C.L. Dial, et al, (5973 acres) 2285’ FEL &963’ FNL, A. Benton Surv, A-329, 5.2 mi E from Stinnett TD 3269’ (sgd. John David Willimon 806-274-9517) Vertical

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #327 C.L. Dial, et al, (5973 acres) 1528’ FSL &2525’ FEL, Sec 1, Blk 1, H&GN Surv, A- , 4.6 mi SE from Stinnett TD 3255’ (sgd. Taylor Hickman 806-274-9517) Vertical

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #328 C.L. Dial, et al, (5973 acres) 1650’ FNL &2500’ FWL, Sec 90, Blk Z, GC&SF Surv, A-663, 4.2 mi SE from Stinnett TD 3255’ (sgd. Taylor Hickman 806-274-9517) Vertical

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #325D C.L. Dial, et al, (5973 acres) 2733’ FNL &903’ FEL, Sec 23, Blk 47, H&TC Surv, A- , 5.8 mi SE from Stinnett TD 37005’ (sgd. Taylor Hickman 806-274-9517) Vertical

Oil Completions

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating ,LLC, #312 C.L. Dial, etal., 4.6 mi SE from Stinnett, Sec 1 Blk 1, H&GN Surv, A-50, spud 2-5-2017, compl 3-24-2017, tested 4-28-2017, potential 37 bbls-oil, 46 mcf, 90 bbls wtr, -18# ftp, -18# CP, TVD 3295’, PBD 3248’, API 42-233-33538, Vertical

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating ,LLC, #314 C.L. Dial, etal., 4.8 mi SE from Stinnett, Sec 1 Blk 1, H&GN Surv, A-50, spud 2-11-2017, compl 3-23-2017, tested 4-28-2017, potential 43.3 bbls-oil, 38 mcf, 111 bbls wtr, -18# ftp, -18# CP, TVD 3261’, PBD 3230’, API 42-233-33537, Vertical

The following is taken from the Amarillo Globe of 18th June:

Intents to drill.

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #331 C.L. Dial, et al, (5973 acres) 1311’ FSL &348’ FWL, Sec 90, Blk Z, GC&SF Surv, A-663, 4.2 mi SE from Stinnett TD 3310’ (sgd. Taylor Hickman 806-274-9517) Vertical

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #332 C.L. Dial, et al, (5973 acres) 390’ FSL &199’ FWL, W King Surv, A-311, 2.9 mi SE from Stinnett TD 3355’ (sgd. Taylor Hickman 806-274-9517) Vertical

Potential of 37 and 43 bopd.

[rodneyfoster] 12/6/2017 20:27

Oxford 9 trades ,Only means something if rises on volume .

[doxford] 12/6/2017 17:06

Bit of action today and at least it is in the right direction for a pleasant change.

[beggarman] 12/6/2017 10:56

Drilling another three wells will cost $900,000, I believe Barskiy has to sort out his finances in the near future. They have to either refinance their loans or place more shares, the former should have a positive effect on the share price the latter negative.

[nedhammers1] 12/6/2017 10:03

It's up :-)

[doxford] 11/6/2017 10:19

Let's hope they hit three sweet spots, reduce their salaries, and declare a dividend.

[beggarman] 11/6/2017 09:50

We have three new intents to drill, taken from today's Amarillo Globe:


HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #329 C.L. Dial, et al, (5973 acres) 1811’ FSL & 1441’ FEL, Sec 90, Blk Z, GC&SF Surv, A-, 4.7 mi SE from Stinnett TD 3320’ (sgd. Taylor Hickman 806-274-9517) Vertical

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #330 C.L. Dial, et al, (5973 acres) 320’ FSL & 3761’ FWL, Sec 36, Blk M-23, T&C RR Surv, A-, 3.9 mi SE from Stinnett TD 3360’ (sgd. Taylor Hickman 806-274-9517) Vertical

HUTCHINSON (PANHANDLE, Hutchinson County Fld.) PG-M International Operating, LLC, #333 C.L. Dial, et al, (5973 acres) 1348’ FNL & 2131’ FWL, Sec 1, Blk X02, H&OB Surv, A-, 3.7 mi SE from Stinnett TD 3310’ (sgd. Taylor Hickman 806-274-9517) Vertical

[nedhammers1] 10/6/2017 09:14

Rodders I'm in Kodal Minerals down by about 12% on my break even point, hoping for good news by the end of July, if this flops then sticking to the FTSE 100 got IAG bought at a low price straight after the Brexit vote so showing a healthy 40% profit there, desperate to make up most of my losses in Matra with Kodal ...... Hope u r well my son

[rodneyfoster] 09/6/2017 19:16

At what price does this become a buy.

[doxford] 09/6/2017 12:56

Down 3% already this morning they really do need to get some sort of a 'plan A' on the screens.

[beggarman] 09/6/2017 06:40

ned - I agree with you. Good night for us, pound down to 11.08sek!

[nedhammers1] 09/6/2017 06:36

Hopefully I'm wrong but I just cannot see oil prices rising to anything close to 60 dollars and the current trend is down. The key is positive drill results and reducing the interest on that loan! I'm in Kodal Minerals might be another flop :-( but the next two months should reveal all .......

[papillon] 08/6/2017 19:42

Looking at the WTI chart a retest of the circa US$30 lows seen in early 2016 is not out of the question. As always news drives prices, not charts, but sub US$40 is possible and so is a drop to US$30, however momentarily, to retest those lows of early 2016. Be interesting to see what happens with the WTI price over the next year, or so.

nedhammers1 could have made the correct decision to sell his MTA shares. We shall see.

[rodneyfoster] 08/6/2017 19:15

Correction RXP- CASP

[rodneyfoster] 08/6/2017 19:11

Ned. That scenario won't happen for a good while - if ever .Secondly cars not only market for oil .Whats that share you kept mentioning would put funds in?How's it doing Char and RXP - have a look but it's very much long term and risky

[beggarman] 08/6/2017 18:20

ned - The thing about electric cars is that the batteries use rare earth minerals and these minerals are found mainly in Russia and China. At the moment there is no problem in acquiring such minerals but the Russians and the Chinese don't want to export minerals to the west and end up buying back batteries for their own vehicles. There's no such thing as a free lunch, there could be international tensions as electric cars take over from the internal combustion engine.

[nedhammers1] 08/6/2017 18:07

Great post Beggarman and spot on similar to my reasons and why I bailed out I honestly don't hold out much hope for oil prices. Not sure what % of world wild oil is used in cars but electric cars will take over sooner than we think

[nedhammers1] 08/6/2017 18:07

Great post Beggarman and spot on similar to my reasons and why I bailed out I honestly don't hold out much hope for oil prices. Not sure what % of world wild oil is used in cars but electric cars will take over sooner than we think

[papillon] 08/6/2017 16:25

Good well researched post, beggarman