Matra Petroleum Share Discussion Threads

[pokerdude1] 19/8/2017 07:21

You can still sell them through share centre can't you

[nedhammers1] 18/8/2017 19:56

It's a nightmare share all round tbh.

[rodneyfoster] 18/8/2017 16:49

Ned Currently still stuck with transfer from share centre to TD.Kafka esque madness -With TD but they have to do a 'cross over ' - anyone been through this ?As such can't currently trade them assuming they rise next week can do nowt

[maceman] 18/8/2017 09:42

We kind of always said the placement would have to come yet none of us had the wisdom to sell after the latest news. In hindsight, I think we can probably now all see the price was inflated for those that knew it to be fact.

[doxford] 17/8/2017 16:23

Is it prudent to get out now and then buy back in next week when it is at 5sek?

[beggarman] 17/8/2017 15:59

As I have posted before the results will be worse than the Q1 results due to additional costs. There should be improvements in revenue and gross margin, whether the market will see this as a positive or just look at the net loss and mark the price down.

[rodneyfoster] 17/8/2017 15:50

Why else going down consistently last two weeks with results due next week

[beggarman] 17/8/2017 15:38

They would have to place 8m shares at 5sek to raise $5m. The share price would be stuck at around 5sek or lower.

[rodneyfoster] 17/8/2017 15:03

Not looking great Does someone know something ?Placing ?

[rodneyfoster] 15/8/2017 19:26

Week tomorrow results Falling consistently last week or so but not on great volume

[nedhammers1] 14/8/2017 16:39

New shares .....

[rodneyfoster] 14/8/2017 15:47

So give me your predictions folks So far 1 vote cast for New shares

[beggarman] 14/8/2017 14:32

As things stand they have to raise more funds in the near future, the options are to refinance the current debt and increase it by $5m or place more shares. If a placing was to take place they would need a share price of around 12sek so that they could place at 10sek offering a discount to new shareholders.

One other factor is the situation in Venezuela, if oil production stops due to the political situation the price of oil could rocket. That would be a game changer.

[offerman] 14/8/2017 13:59

You might want to check out CERPExcellent new man at the Helm, Leo Koot. Took Taq Taq from nothing to 2 billion pound company in 5 years! Wealth of experience, good team around him too.Read up on them and dyor as per the norm. Few snippets Ceph below. 800mboip. Current 4% recovery BUT now Leo a specialist in recovery and pump techniques. Not much has been recovered. Also waterflood scheme upcoming for enhancement. Also something very very big below the current goudron 800mboio field .The light oil should not of been at such shallow depths and normally contaminated thus getting a feed from lower down. Also massive Cedros field 200mbo adjacent to huge discovery off Venezuela FTG high spec Arieal survey completed. Drill being planned.Great things going to happen there.... nuff said

[rodneyfoster] 14/8/2017 13:58

Predictions folks - will it be 1/ New shares 2/ Refinancing 3/ RTO4/ Private again. 5/ Over and out I say 1

[rodneyfoster] 14/8/2017 13:45

So beggarman Give us your mystic meg predictions

[beggarman] 14/8/2017 12:24

Just looking at the cash position, it would appear that they pay their drilling contractors on 90 days, as there was no drilling costs in the Q1 results.

The cash position at the end of Q1 was $5,372,000, although the revenue and gross margin should improve in Q2 the net result is likely to be a loss of around $2m, taking into account the Q1 drilling costs.

They would therefore start Q3 with $3.372m in cash but there are four wells to pay for in Q3, these costs would be $1.2m. The revenue and gross margin should again improve but we would still be looking at a loss of around $2m.

Q4 would start with a cash balance $1.472m and there are eight wells to pay for which would total $2.4m. They will run out of cash in Q4 if they don't do something about it.

They certainly need to refinance the business to reduce the quarterly debt interest, which is currently running at $1.2m. If they are unable to increase borrowing they will have to place more shares in Q3/Q4 to be solvent at the year end.

[nedhammers1] 14/8/2017 11:32

You abandoned me, love don't live here anymore ...... Come on Matra, prove us all wrong

[rodneyfoster] 14/8/2017 10:02

Or new issue at sone absurd price

[rodneyfoster] 14/8/2017 10:01

Falling again Bad news 23td ?

[rodneyfoster] 12/8/2017 12:11

But still falling this week

[beggarman] 11/8/2017 09:29

Interesting the spread is out at 8%, they are trying to discourage buyers.

[rodneyfoster] 10/8/2017 18:34

Oxford Ever the optimist Hope you are not disappointed -But look at their track record