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MATD Petro Matad Limited

3.85
-0.11 (-2.78%)
Last Updated: 11:28:23
Delayed by 15 minutes
Petro Matad Investors - MATD

Petro Matad Investors - MATD

Share Name Share Symbol Market Stock Type
Petro Matad Limited MATD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.11 -2.78% 3.85 11:28:23
Open Price Low Price High Price Close Price Previous Close
3.90 3.85 3.90 3.96
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 06/7/2023 06:57 by 2 solaris
I take it the news took everyone by surprise so probably still in bed but the importance of this is going to sink in and spread around with many new investors arriving over the coming days and weeks.
I and others needed the patience of Job but it has finally paid off.
Well done Mike Buck and the team.
I expect a very positive update from Malcy later.
Posted at 13/2/2023 15:38 by shafaq
No link but a decree has been passed for ministry to takeover decision making from locals to ministry.Clear to see what this is for and who benefits MATD and land permit and foreign investments.STATE AND LOCAL INSPECTORS OF THE INDUSTRYMET THE OFFICIALS OF THE EMBASSYAccording to Resolution No. 417 of the Government of Mongolia dated November 23, 2022, it was decided to liquidate the activities of the Professional Inspection Organization on December 31, 2022. As a result, control functions were transferred to ministries and their subordinate organizations, and the issue of geology, mining, oil and gas control came under the jurisdiction of the Ministry of Mining and Heavy Industry.In this regard, Minister of Industry J. Ganbaatar met with officials and experts in charge of supervision and gave instructions.According to him, with the control issue coming under the jurisdiction of the ministry, it is possible to carry out comprehensive activities of "policy determination-implementation-control". Therefore, it is necessary to get rid of the concept of "reviewing and checking" and work in the cycle of "collecting actual information and facts necessary for policy determination, making proposals", "implementing the defined policy, advising on its implementation", and "monitoring the results". The Ministry of Mining and Heavy Industry is working to ensure the legal stability of the industry, foster responsible mining, and improve the investment environment. Therefore, he said, it is necessary to pay close attention to the implementation of the law, to make conclusions on every violation, violation, and misunderstanding, to solve the problem, to strictly fight against irresponsible mining, and to create friendly conditions for investors.According to Resolution No. 295 of 2022 of the Government of Mongolia, the structure and number of staff were increased to organize regional offices in the region. Accordingly, Minister J. Ganbaatar emphasized during the meeting that the representative offices of the AMGTG have been established in Dornod, Umnogovi, Dornogovi, Selenge, and Hovd provinces, and these organizations need to work in close coordination with the state inspectors of the provinces.
Posted at 03/2/2023 06:27 by pr0t0n
Petrovis with 25%, so 75% or 96 million shares for IIs plus 20 million for retail 'investors' . Could have been worse :-)
At the end of the day flippers will flip. See what the plan is, expecting busy few weeks/months ahead.
Posted at 03/1/2023 14:27 by man1
The last investor show , stated they had roughly 6 million left which was enough to drill heron and the raptor well , with a little left over , so wud be surprised if it's a fund raise. Plenty of other things coming up , licence round , tie up with renewable partner , early drilling and also poss partner ,
Posted at 30/11/2022 18:33 by man1
Tuesday 6th Dec matd taking part in a investor seminar by London south east , visit site to register.
Posted at 22/5/2022 14:08 by the_gold_mine
Goehring & Rozencwajg commentary on the near-term future for the oil market ( the document is about the gas market but it also discusses the oil market):
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"We are now beginning to understand what a world looks like as it runs out of spare oil pumping capacity. Even with the huge releases of oil from Strategic Petroleum Reserve, oil prices have hardly pulled back. Global inventories, now at record lows, continue to draw counter-seasonally and are reaching dangerously low levels. Even with all the dislocations caused by the Ukrainian conflict and COVID problems in China, global oil demand in Q4 will approach global pumping capability according to our modelling. Strong demand, declining production, record low inventories, and now no spare pumping capacity—all these factors will push oil prices higher in the second half of 2022. Even in the face of all these factors, investor interest in energy markets remains incredibly subdued. The advances we have seen to date have basically been short covering and active managers buying on the margin. Once investors and institutions realize the energy market has fundamentally changed and the decade of cheap, abundant energy is over, the amount of capital that rushes into this sector could be huge. The global energy crisis has just started, and it will take many years to fix. For those that make investments today, the rewards could be immense. "
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Posted at 01/3/2022 09:25 by garymegson
TweetDo you follow #oil and like the sound of a 6,000 boed development? Petro Matad are developing the Heron field in Mongolia and CEO Mike Buck @Petro_Matad is presenting at our investor webinar on March 8. Please register here: https://t.co/Rwf9XHYe1I #Oil #MATD #Mongolia https://t.co/oUFGFkXKSS
Posted at 25/2/2022 08:57 by the_gold_mine
Sounds like a whole wide range of issues going on. Block XX Land access issues waiting on changes to be made by central government... Whenever I hear central government are needed to solve a problem the words "speedy resolution" doesn´t spring to mind.

Raptor environmental permit approved but now other permits needed for land access and usage...

The DQE International proposal sounds promising, the only bright spot in an otherwise unsatisfying Friday RNS.

I guess it is like Mike Buck said during the recent Company meets Investor presentation, MATD keep getting criticized for the slow flow of news, but Mongolia is a hard place to get things done ("Officious" was the words MB used)... So really the choice was between say nothing and get criticized or say something and get criticized.

I try to be patient and keep in mind that Petrovis are a relatively big Mongolian company on the board of MATD (and also their biggest shareholder) and will be wanting paid at some point for their involvement, I am sure they will be keeping an eye on developments and pushing for progress to be made to start recuperating there investment as soon as it can be done.
Posted at 25/1/2022 22:33 by the_gold_mine
grannyboy... Your doing a lot of sneering for an ADV buffalo-10 "investor"? What "returns" did you make on that bad boy, 80% loss in a single day? 94% loss over the last week? Pray, tell us again how stupid we are to invest in MATD.

Maybe you should do a quick comparison between the two companies and see if you can learn something...

A couple of weeks ago ADV had a market cap of about... £30 million, with no proven resources. Everything was riding on a single drill result at the buffalo-10 well.

Today ADV is worth about £3 million, as aforementioned well was a duster.

Today MATD has a market cap of about £33 million, with proven reserves of 33 million barrels of oil at the Heron oil field (more if enhanced oil recovery is used), and a flowing oil well in Heron 1 which just needs completed for production. Also $10 million in cash to develop the Heron oil field first 3 wells.

You see the difference?
Posted at 25/1/2022 11:41 by jungmana
If you are day trader you would worry about hourly moves. Most here are medium to long term investors imo.Personally my average is under 3p

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