Matra Petroleum Share Discussion Threads

[maceman] 01/10/2017 21:46

Think you’re right Beggar, if not earlier, maybe this week. As I say, I believe we’ll be a lot more enlightened soon.

[beggarman] 01/10/2017 20:06

100egs - I expect an operational update, which is just volumes produced during Q3. The report on the 23rd November is the full financial report for Q3.

[100egs] 01/10/2017 19:53

website says 23rd november for Q3 Report why do you expect 10th/12th Oct ?

[beggarman] 01/10/2017 19:45

Would expect a Q3 operational update around 10th to 12th October.

[rodneyfoster] 01/10/2017 19:38

If no news this week and we still break 9.5/10 then something afoot

[rodneyfoster] 01/10/2017 19:36

As long as it's not an RTO or privatization .Worrying similarities in that prior to last 'supposed' RTO share price inexplicably rose

[beggarman] 01/10/2017 19:31

I think the market is waiting for news, tomorrow and Tuesday morning are usually busy trading wise and then it dies off. It's as if they are expecting news, possibly trying to buy in before a suspension due to a change in the business.

[rodneyfoster] 01/10/2017 19:04

Agree with last post -Why rising and consistently so in last few weeks .

[beggarman] 01/10/2017 13:36

I think it begs the question that the company is a financial basket case yet the share price is rising? There is either a merger or a sale in the offing, I can't see an acquisition unless it's a small one paid for in shares.

[beggarman] 01/10/2017 13:02

I based my calculations on the gas volumes and revenues remaining constant in line with Q1. All the current development is on oil, I have therefore only looked at the price of oil. If they could improve production to 1100 boepd at current oil and gas prices they would be just about break-even but I reckon they will be 300bopd short at the end of Q3.

[rodneyfoster] 01/10/2017 12:49

Did your calculations include gas

[beggarman] 01/10/2017 12:21

I haven't an exact date but sometime in early August. They can't afford to do any more drilling at the moment, not enough cash.

[rodneyfoster] 01/10/2017 12:18

What about gas - did you calculate that in

[rodneyfoster] 01/10/2017 12:16

Beggarman When was last new drill exactly ?

[beggarman] 01/10/2017 12:11

I've just been doing some rough calculations regarding the price of oil and Matra's break-even point. The following volumes would be required to cover the G&A and financing costs:

700 boepd (current) Oil price $115

800 boepd (expected Q3) Oil price $87

900 boepd Oil price $69

1000 boepd Oil price $57

They would probably need to drill another 60 wells to become profitable, that would cost around $18m. They can't survive by organic growth, they need a cash injection.

[doxford] 30/9/2017 15:03

I small a manoeuvre here, a shape shift of some sort that will open the exit door with no customs declaration required for this Russian gang. They have all made a lot of easy money and it is now time to retire. Vlad took early retirement as he is getting on a bit and wanted to enjoy his black bread and caviar now.

[rodneyfoster] 30/9/2017 14:44

So around 55 sek .
You never know what could happen .
If they keep us on board after the coming shake up- whatever that may be -and oil price goes up can see 50sek

[doxford] 30/9/2017 13:43

Rodney,
how about 5p?

[rodneyfoster] 30/9/2017 13:31

OxfordYou lucky if your average is only 1p old money -Most here way over that

[doxford] 30/9/2017 11:59

A lot of people have said how 'clever' Barsky is. He did a good job on my investment and put 60% of it [and more] into the gangs coffers. Very clever and he's not finished bleeding our carcass yet.

[rodneyfoster] 30/9/2017 11:36

Yes we relisted etc but got humongous payoffs in backpay etc , put company massively in debt and lost 60% of share price price on relist

[maceman] 30/9/2017 09:33

Quite possibly mate. Thete could be all sorts of meanings. We will discover soon I am sure of it. I still think the October 20 date/the shares is significant to what is playing out right now.

[beggarman] 30/9/2017 08:44

Do you think that the interview was Barskiys last as CEO of Matra? I thought it was a bit odd that he made a point of addressing the UK shareholders at the end. A bit like saying "I've delivered on my promise to relist the company, I'm off now".

[rodneyfoster] 29/9/2017 22:22

Agree bit it just seems too obvious a scam to not be flagged -12 sek says I

[beggarman] 29/9/2017 20:30

By the way if it is a sale I believe it will be cash rather than shares. I can't believe the purchaser will want 5,000 (figure from Barskiys interview) UK based shareholders.