Petro Matad Share Discussion Threads

[telbap] 21/11/2024 12:44

Maybe something brewing, always a leaky shop here....

[thebradski007] 20/11/2024 11:25

Thank you and as you state past performance does not guarantee future results.

[batiatus] 19/11/2024 11:15

I wouldn't like to be in MB's position right now.

He had betrayed faithful shareholders many times. It unethical.

Many angry long-term holders who has lost their fortune.

MB will be living his remaining days looking over his shoulder.

[batiatus] 18/11/2024 19:10

thebradski007, you're probably the only poster on this bulletin board that I have to agree with.

I like your honesty about it's nothing to do with fundamentals. You must have really been here for a long time to know historically, the share price movement ought to do well from November to January time.

Though nothing is really guaranteed, but you're right about the winter period where share price drops with the expectations of inactivity.

Note I am not suggesting anyone should buy or not buy. I'm just stating something purely based on past performances.

[thebradski007] 18/11/2024 18:27

Don't need to already stated I only purchase Nov / Dec when price stalls due to winter closure / lack of news. Absolutely nothing fundamental, couldn't care less. Rinse and repeat every year. Buy late in the year, hold to spring, sell on way up when everyone's getting excited before a topsy turvey summer leading into a winter decline. I see this negative talk every winter and it's music to my ears. Traded these for the past 5-6 years like this. Every winter there's always some 'drastic' news and everyone thinks they're going to sub 1p, doesn't happen, winter passes, news comes out and share price rises.

[batiatus] 18/11/2024 17:36

Perhaps you should elaborate on your post thebradski007

The share price is going above 3p because....

[thebradski007] 18/11/2024 17:07

I only check in here every Nov / Dec and pick up some shares for Spring. This is a blessing this year at current prices (sorry LTH's). Each to their own but I have no fears about where the price will end up come spring, put it this way - conservatively above 3p. That's all, I'll post again in March ??

[batiatus] 18/11/2024 15:25

4-5p would be a good deal taking consideration of Matad's incompetence.

It's probably for the greater good if the company gets taken over.

[simon8] 18/11/2024 15:12

To be frank PetroChina have all the cards, they are the off-taker and Matd are using their facilities... they could easily make a low ball offer for the company and Buck would have little bargaining room, and I am sure PetroChina do not have the "admin" issues Matd has had with the local and central govt for obvious reasons... I'd snap there fingers off at 4-5p
That being said I doubt they'd bother....

[batiatus] 18/11/2024 15:09

If Mike F K has any dignity left, then he should really be working around the clock (no sleep and no flying back home for Xmas) to make sure there will be no more crock ups.

He has let shareholders down time after time. That is the only way for him to redeem himself.

The old geezer doesn't deserve to be running Matad in my honesty opinion.

[stockmaiden] 18/11/2024 11:39

Ignore the scaremongering. Look at the positives.

All the puzzles are falling into place for Matad.

- Matad is about to become a producer
- PetroChina deal being finalised
- Sales contracts near conclusion
- Invaluable geographic data being analysed for next phrase (DQE or PC JV potential)
- Backing from Petrovis main company.

This is a time to accumulate stock if you believe in Matad.

The bad news is already out of the way. Lots of positive news flow to come.

People had paid much higher per share.

Remember, Rome was not built in a single day

[stockmaiden] 18/11/2024 09:40

Matad are open to a few options here.

PetroChina could go into a JV and fund the rest of the Heron campaign for a share of the field.

Petrovis could and would chip in to support MATD when necessary. I can't see Petrovis letting MATD go under.

Matad is/will be producing oil. They are debt free and can take out a loan if need be.

Nothing is without risk, but it's looking favourable for MATD.

[zen12] 18/11/2024 09:28

But they need funding...keep it real!

[stockmaiden] 18/11/2024 09:21

Buy when others are afraid.

What do you think will happen when next news H1 flow rates stabilise at 500-800bopd? H2 could come at a surprise too.

PC could enter into a JV agreement to unlock the rest of the Heron field.

This has bags written over it just like GGP did with Newcrest.

[stockmaiden] 18/11/2024 08:47

Now is the time to buy.

Company has no debt.

They will be producing soon.

[upwego] 17/11/2024 04:36

There going to need to raise money again 200bopd won`t cut it. sad really but at what price is the question 1p?

[phillis] 15/11/2024 20:21

Well what could be the best thing you could hope for
Not much I think

[its the oxman] 15/11/2024 17:26

Maybe, maybe not. Time will tell. Just hope next update is positive.

[deltalo] 15/11/2024 15:47

1.4p, Been robbed.

[deltalo] 15/11/2024 15:46

Shame for all who sold at

[telbap] 15/11/2024 14:23

Bones.....h1 has issues with gas which they will overcome. Mr market does not like uncertainty, and that's what we have and that's the reason why the share price is at 1.5.pSo, let them sort the gas issue while all the time pumping oil. Let them look at the data for h2. The main issue is get the offtake deal settled and the oil being sold so we can see some income, and start building a little confidence.

[deltalo] 15/11/2024 14:05

I have no doubt that the flow rates will increase from here, all there families and mates will be in by now. Hold to the next update and see. I've take a big slice in here yesterday and very confident in big returns. Thats my opinion and my choice just like all in here. Atb.

[simon8] 15/11/2024 13:07

We all have a point of view, I believe my post was couched heavily on the negative.. but H1 can with technology and equipment be worked up to mitigate the gas and increase production rates...it was flowing at previous discovery rates it was only choked down because of the gas, H2 jury is well and truly out, but that too van be perforated to increase flow... and the well is in place so even if low production it is something.
Whilst this was not what we had hoped for it id not the end of the story...

I assume Bones you don't have shares but just popping in to convey your wisdom; bulletin Boards are full of "agendas"...in 40 years of share ownership and now in the modern era of these boards I have never posted on a board where I didn't own shares, I don't see the point and not sure I follow the mentality of people who do.

[bones698] 15/11/2024 12:03

Simon ,how do you come to that conclusion . H1 performing very poorly and H2 has all the signs of non commercial.amd could be P And A . I don't see many positives unless your a total dreamer . Heading to 1p ina hurry as predicted . Be careful of those who are under water here talking it up