Matra Petroleum Share Discussion Threads

[doxford] 12/7/2017 08:32

Interesting comment on the video is that the holy grail of 6000 bopd was mentioned and he stated that it was achievable from the current base. This could well improve rapidly especially as stated before if we get a good hike in the oil price.

[looneytune] 12/7/2017 08:25

8+
Just think if we all bought in a few days ago we could have seriously averaged down. Like I've said many times before, better to remain upbeat, glass half full. Hope it continues for everyone's sake & sanity.

[scoobydoo99] 12/7/2017 07:59

Thanks for the link Harry, answers some of the questions that have been debated on here, good to know they're very focused on operating in the current low oil price market.

[garrymorrow] 12/7/2017 07:09

As Maxim says....it's down to the oil price. Good link Harry.

[harry136] 12/7/2017 06:49

suppose everyone's seen this

[nedhammers1] 11/7/2017 22:00

Wow, what a rise today! And on a average update!! Maybe the sweedes have faith in the board. Hope it continues and those remaining loyal are rewarded ;-)

[looneytune] 11/7/2017 21:24

Hi Paps, how's life's? Been a long time. Hope everyone is well. You bailed just in time all those years ago! Well done.

[beggarman] 11/7/2017 21:17

pap - The sells were there but they just didn't go through, whereas there was only a small quantity of buys but they were nearly all transacted. I find the behaviour of this share baffling.

[papillon] 11/7/2017 21:14

Good rise today, looneytune.

[papillon] 11/7/2017 21:11

beggarman 11 Jul '17 - 12:17 - 15814 of 15828 0 1
Possibly but there are a lot of big sells on the bid and not many buys on the ask. Would expect share price to be down again by the end of the day.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Ouch! Definitely not a successful forecast!

[beggarman] 11/7/2017 17:19

If they could re-finance the company without a placing, the share price should be around 15sek. At the moment the business is considered high risk because of the fear they will have to place more shares to continue drilling and this is depressing the share price.

[looneytune] 11/7/2017 17:12

Certainly makes a change beggarman. These guys know the Swedish markets well, saying no more than that.

[beggarman] 11/7/2017 17:05

LT - The thing is not many sells went through today, there were far more sells than buys on the order book but most of the transactions were buys. We could do with some serious buyers coming in tomorrow to negate any selling.

[looneytune] 11/7/2017 16:49

Someone i assume is making some quick money, up 47%!
What do you reckon beggarman?

[looneytune] 11/7/2017 15:58

Also might help raise awareness dox. barrie, not sure anyone can answer that question.

[barrie16] 11/7/2017 15:35

60000 figure good enough for me rod. What can we expect the share price to be!!

[looneytune] 11/7/2017 15:31

Agreed, only two options doxford, sell out or let it ride, may as well let it ride..........might just come good in the end. Always better glass half full!!!

[doxford] 11/7/2017 15:21

No rosy glasses on here, had too much treatment dished out by this lot already. However there is always an element of surprise with them admittedly always bad up until now. These new wells might produce a fresh and invigorating flow of income and the fact that they have ditched [closed down] the 'hardly producing anything' wells makes it all look good if nothing else. Fingers crossed and waiting for the drill updates if they care to share them with us at any time.

[rodneyfoster] 11/7/2017 15:00

Oxford That 60000 figure is not attainable for years and years if at all .They just put it out there to give rosy hue to things

[rodneyfoster] 11/7/2017 14:47

Only on 25k volume Need sustained volume coupled with steady rise to signal real change

[looneytune] 11/7/2017 14:36

Up 28%, not seen that type of rise for a while!!!

[doxford] 11/7/2017 14:29

looney,
exactly. At least we are getting fed some news and if they do get to the holy grail of 6000 bopd then we might get some of our long lost soko money back. They have closed of a load of wells as the cost of getting such a low production to the sales line is just not worth it right now but IF the oil price takes a proper hike then who knows?

[looneytune] 11/7/2017 13:26

Good to see some positive action here, positive update and positive effect to the share price
It's gonna take along time for any of us to recover money. Better than being delisted!

[beggarman] 11/7/2017 12:17

Possibly but there are a lot of big sells on the bid and not many buys on the ask. Would expect share price to be down again by the end of the day.