Matra Petroleum Share Discussion Threads

[beggarman] 16/11/2017 15:50

15,500 sells and 300 buys and still above 7sek, pretty resilient.

[beggarman] 16/11/2017 15:42

There's a 15,800 trade going through, could be Armageddon!

[beggarman] 16/11/2017 14:55

They need to be up to something, to sort their cash position out.

[maceman] 16/11/2017 14:45

Exactly rodders

[rodneyfoster] 16/11/2017 14:41

That's assuming they are not up to something .

[beggarman] 16/11/2017 12:20

I'm actually a bit more optimistic about next weeks result. I've based my figures on an average oil price of $49.68 and average oil production of 448 barrels per day, assuming the gas production is static at 406 boepd.

Revenue should be $3.3m, Gross Profit $1.8m and Net Loss $0.9m (Q2 $1.9m).

The critical figure is the cash balance.

[maceman] 16/11/2017 12:04

Same old pattern isn't it. Back to lower sixes again coming.

[rodneyfoster] 16/11/2017 09:40

Lot of sells going through this morning

[rodneyfoster] 16/11/2017 09:32

Signs not great for next week .If nothing announced share price will crash as status quo cannot continue

[doxford] 14/11/2017 09:46

I have never known a company so tight lipped. Being a private little enclave for so long they seem to have forgotten that they actually have a few shareholders with an interest in what is happening. Pathetic is not the word for it, inappropriate springs to mind.

[rodneyfoster] 14/11/2017 06:58

Surprised people selling so close to results .Would anticipate some 'unexpected' news on debt issue and hopefully better production figures .Baffling

[doxford] 13/11/2017 12:36

creeping north again, who knows anything with this load of charlatans?

[beggarman] 12/11/2017 19:46

millions1 - Try TD Waterhouse, they can trade your shares in Sweden. They are owned by Interactive Investor (iii) and they are planning to charge £22.50 per quarter starting in December for holding your shares. If you just want to transfer your shares and sell them you should be O.K..

[beggarman] 12/11/2017 19:42

If they were breaking even then they could re-finance the debt and possibly borrow another $5m but they are not. On the current valuation of the company the debt is 56% of assets and higher than the equity of $30m, they are therefore a bad risk.

They could make an acquisition but it would have to be an all share deal and at the current price it would cause great dilution.

They are leaving it late to make a placing if they want to make it this year.

The best bet is to either sell up or merge with a similar sized company.

Everything depends on the drilling sub-contractor, how long are they prepared to wait for their money.

[millions1] 12/11/2017 19:38

HELP PLS!
Barclays stockbrockers are bugging me to transfer out my MTA shares as they can no longer hold them, can anyone suggest any decent broker pls?

[rodneyfoster] 12/11/2017 19:25

Which more likely ?What about extending loan facility ?

[rodneyfoster] 12/11/2017 19:24

So what options other than Sell up Merge RTO Issue shares

[beggarman] 12/11/2017 18:18

If they managed 900boepd for Q4 and the oil price averaged $55, they would still lose $675,000 net on the quarter. Therefore they still need to do something about funding, they can't trade their way out of the situation.

[rodneyfoster] 12/11/2017 18:12

So 900bopd possible Real issue is how they deal with finance going forward .

[beggarman] 12/11/2017 17:42

It's difficult to say in terms of the Q3 result, the total is 154bopd but one of the items dates back to March so that would have been in the Q2 result. It indicates that the Q3 result is not a disaster in terms of production.

[rodneyfoster] 12/11/2017 17:38

Beggarman What is that in bopd

[beggarman] 12/11/2017 15:19

Some background on Filip Englebert.


hxxp://tech.eu/features/15516/avito/

[beggarman] 12/11/2017 15:04

100egs looks like your close!

[beggarman] 12/11/2017 15:01

The following is from the Amarillo Globe 12th November:

Around 154 barrels


Oil Completions

HUTCHINSON (PANHANDLE Hutchinson County Fld) PG-M International Operating,LLC, #313 C. L. Dial et al, 4.7 mi SE of Stinnett, Sec 1, Blk 1, H&GN RR Surv, A-50, spud 1-28-2017, compl 3-22-2017, tested 6-28-2017, potential 35 bbls oil, 11 mcf, 77 bbls wtr, 50# ftp, 50# CP, TVD 3259’, PBD 3240’ API 42-233-33536 Vertical

HUTCHINSON (PANHANDLE Hutchinson County Fld) PG-M International Operating,LLC, #319 C. L. Dial et al, 5.8 mi SE of Stinnett, Sec 22, Blk 47, H&TC RR Surv, A-637, spud 5-4-2017, compl 6-15-2017, tested 7-11-2017, potential 48 bbls oil, 27 mcf, 73 bbls wtr, 50# ftp, 50# CP, TVD 3269’, PBD 3235’ API 42-233-33543 Vertical

HUTCHINSON (PANHANDLE Hutchinson County Fld) PG-M International Operating,LLC, #320 C. L. Dial et al, 5.9 mi SE of Stinnett, Sec 22, Blk 47, H&TC RR Surv, A-637, spud 5-14-2017, compl 6-12-2017, tested 7-26-2017, potential 26 bbls oil, 16 mcf, 77 bbls wtr, 50# ftp, 50# CP, TVD 3269’, PBD 3238’ API 42-233-33544 Vertical

HUTCHINSON (PANHANDLE Hutchinson County Fld) PG-M International Operating,LLC, #321 C. L. Dial et al, 4.9 mi SE of Stinnett, Sec 1, Blk 1, H&GN RR Surv, A-50, spud 5-26-2017, compl 7-30-2017, tested 8-15-2017, potential 20 bbls oil, 25 mcf, 128 bbls wtr, 50# ftp, 50# CP, TVD 3303’, PBD 3280’ API 42-233-33545 Vertical

HUTCHINSON (PANHANDLE Hutchinson County Fld) PG-M International Operating,LLC, #323 C. L. Dial et al, 4.9 mi SE of Stinnett, Sec 1, Blk 1, H&GN RR Surv, A-50, spud 6-2-2017, compl 8-21-2017, tested 9-7-2017, potential 25 bbls oil, 20 mcf, 128 bbls wtr, 50# ftp, 150# CP, TVD 3290’, PBD 3256’ API 42-233-33546 Vertical

HUTCHINSON (PANHANDLE Hutchinson County Fld) PG-M International Operating,LLC, #325D C. L. Dial et al, 5.8 mi SE of Stinnett, Sec 23, Blk 47, H&TC RR Surv, A-106, spud 6-10-2017, compl 6-15-2017, tested 6-16-2017, potential 0 bbls oil, 0 mcf, 24 bbls wtr, 10# ftp, 0# CP, TVD 3675’, PBD 3650’ API 42-233-33562 Vertical Recompletion Reclass Producing to Injection