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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petro Matad Limited | MATD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.025 | -1.92% | 1.275 | 13:03:35 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.30 | 1.275 | 1.30 | 1.275 | 1.30 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 16/7/2024 09:09 by batiatus How kind of you Solaris but no Ty.No at this price and certainly not until I see more evidence of Heron production + Brent sales. I have been in MATD for 7years and have seen it all. Buck have shafted investors on his incompetence: poor decision making, laid-back approach, and delays. |
Posted at 15/7/2024 07:06 by purple11 RE: TRANSFORMATIONAL PERIODToday 07:35Lets see how many read the UK Investor Magazine article over the weekend, for those that missed it, it can be found here "UK Investor Magazine published ‘Four UK Small Cap Growth Shares to Watch Summer 2024’ just before the announcement of a material development for Petro Matad in late June. Should timings have been different, this selection would likely be Five stocks and include Petro Matad." |
Posted at 10/7/2024 14:49 by purple11 Zeus noteToday 15:44Petro Matad has released a statement ahead of its investor presentation later today, reiterating the company's full operational activity schedule over the rest of 2024. Full work programme expected to drive first revenues. Petro Matad's 2024 operational work programme is expected to begin this month, with activities to complete the Heron-1 well (including stimulation) and bring the well onstream. First oil is expected in September, with an estimated initial rate of around 300bbl/d. Production is expected to be trucked to nearby Petro China facilities for processing and then onward sale in China, with negotiations to finalise these arrangements also continuing to progress. Post completion of Heron-1, Petro Matad then plans to drill the Heron-2 development well. Drilling and completion (including stimulation) of Heron-2 is expected to take place in in Q3 and, on success, production in Q4. Production rates are expected to be similar to Heron-1. These two wells should establish revenues for Petro Matad, providing cash for redeployment into the wider business. Alongside the revenues, production data from Heron wells, including the result of stimulation activities, should help better define expected resource recovery from the field. While the current base case for Heron is 33mmbbl gross (Petro Matad holds 100%), an expectation of higher recovery could see this move to >60mmbbl. As such, there is significant potential upside if production data can help prove up the upside case, and these two initial wells will begin to contribute here. High-impact upside potential from Gobi Bear-1 well. Alongside its Heron development activities, Petro Matad also plans to drill the Gobi Bear-1 exploration well in late Q3/early Q4. This is being drilled nearby Heron, with the existing Heron and Gazelle drilling helping prove up the regional petroleum system and potential reservoir for Gobi Bear. On success, development of Gobi Bear could potentially progress in conjunction with Heron. Our base case resource target for Gobi Bear is 55mmbbl, which we value at 1.5p risked (14.6p unrisked). As with Heron, there is potential for upside on higher recovery, and in this case we use a 92mmbbl resource target, which we value at 2.3p risked (23.1p unrisked). Gobi Bear-1 is planned to be drilled for CAPEX of around US$1.5m, giving a substantial asymmetric risk/reward opportunity, and completing the busy 2024 work programme. More widely, Petro Matad also expects formal signature of two new Mongolia exploration licences in late 2024/early 2025, alongside progressing its renewables business (including the focus Choir BESS and Oyu Tolgoi hydrogen projects |
Posted at 10/7/2024 13:47 by batiatus Another win for Mikey.Funds raised. Promises YET to materialize. No firm dates. Until next time when the kitty box runs out. There will always be the next wave of investors. |
Posted at 10/7/2024 06:07 by purple11 Petro Matad Limited('Petro Matad' or the 'Company' or the 'Group') Investor Presentation & Forward Work Programme LONDON, 10 July 2024: Petro Matad Limited, the AIM quoted Mongolian oil company announced on 5 July 2024 that Mike Buck, Chief Executive Officer, and members of the Company's management team will make an Investor Presentation on the Investor Meet Company platform today at 10:30 BST. The Investor Presentation will go into further details on the 2024/2025 work programme, following the recent Placing, Subscription and Open Offer. The Presentation will be made available on the Company's website. As announced on 29 May 2024, the Company has received the remaining approvals necessary from Matad District to allow the 2024 operational programme to commence. Land certificates have been issued for the three areas of operation selected by the Company. The overall goals of the 2024/2025 work programme are to: · Commence production and development of the Heron discovery in Block XX o Heron-1: Re-perforation, stimulation and completion scheduled for July, installation of surface equipment and targeting the well to be put on production in late Q3 2024 o Heron-2: Drill & complete in late Q3, installation of equipment and targeting the well to be put on production in Q4 2024 · Undertake near field low-cost exploration drilling o Planning to drill the high-impact Gobi Bear-1 exploration well in late Q3/early Q4, depending on rig availability · Develop renewable energy projects to bankable, ready to build status o Choir 50MW battery energy storage system targeting ready-to-build in early 2025 o OT Green Hydrogen, targeting phase 1 onstream in 2025 · Achieve self-sustainability and deploy oil production revenue on development drilling, near-field exploration, new PSCs and developing renewable energy projects o Targeting the signature of two new PSCs in late 2024/early 2025 Mike Buck, CEO of Petro Matad, said: "With land access permits in hand and following the recent equity raise we are now gearing up for a busy operational period. Members of the management team look forward to presenting to shareholders on the Investor Meet Company platform and will outline the upcoming work programme including our plans for SunSteppe Renewable Energy and the expected award of two new Production Sharing Contracts." Further operational updates will be provided in due course. |
Posted at 05/7/2024 06:08 by halland75 RNSInvestor Presentation 😀 Petro Matad Limited ("Petro Matad" or "the Company"), the AIM quoted Mongolian oil company, is pleased to announce that Mike Buck, Chief Executive Officer, and members of the Company's management team will make an Investor Presentation on the Investor Meet Company platform on 10 July 2024 at 10:30 BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09 Jul 2024, 09:00 BST, or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet PETRO MATAD LIMITED via: Investors who already follow PETRO MATAD LIMITED on the Investor Meet Company platform will automatically be invited. ===== Whoa! Flipping game changer coming. 👍 Sub 2p - Forget it! |
Posted at 04/7/2024 11:05 by jungmana Total placing shares was about 400 million and half is with large and long term investors ( petrovis, bod, long term pi's) We have traded over 600 million volume since the placing .Imo 3p+ next week. |
Posted at 30/5/2024 09:03 by wrecktangle Consolidated at 5p and some profit takers. Once they are done, this will start pushing to 6p and will likely finish around 7p today. Surprised it isn't in double digits yet but then again RNS drop was midday and wasn't digested by the masses. Looks like investors are finally looking into Heron and recognising this could do a HE1 style rise. Look at previous highs and what this company is on the verge of.See you at 10p |
Posted at 30/5/2024 07:53 by trendspotting Its all about Level 2All market makers on 5p+ Are investors finally realising the hidden gem of yesterdays RNS. |
Posted at 30/5/2024 07:48 by wrecktangle I dont think investors realise the magnitude of the RNS. I recall this being at around 15p when the company was nowhere near what it is today.Look out for a Malcy update but this is going to re-rate well. Heron is a big boy and these guys are on the verge of producing. Follow the guy on LSE who has satellite access to the site. GLA but can see a major re-rate in progress. |
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