Petro Matad Share Discussion Threads

[pro_s2009] 20/9/2018 16:29

Edison Flash Update:





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[pro_s2009] 20/9/2018 14:04

I should not have, but have. Purchased some more that is.

Average price on my holding now down to 6.95p.


Got to hold off now. Need to keep another load of cash ready for WH-1 failure, if that happens. Then its average down time over the winter for Fox-1.

Fox-1 remains the most likely to succeed of the Block IV and V wells......3D excellent, bright spot on 3D and then live oil in a nearby coring drill.

Thats my strategy going forward......if WH-1 fails then get the average price down to say 5p over the winter and be ready for Fox-1 in April next year.

Of course if WH-1 is good, its party time :)

[s1zematters] 20/9/2018 14:01

lol big bro is officially un-banable.

[pro_s2009] 20/9/2018 13:57

I think 5km per hour average is fair. Going to be some breakdowns, punctures, stuck vehicles..........so 7 days fair I feel.

[s1zematters] 20/9/2018 13:55

j_v_e_r_n_e_y if I wanted to I could get a blue name in 'the group' to copy and paste every single post he deletes from his thread back on there.
I could destroy his little ramp fest thread like we have done many others like him,but this time I thought I would let him hang himself as he has already, the locals are already turning on him./

[pro_s2009] 20/9/2018 13:53

You would expect them to make the move to Wild Horse-1 location in about 7 days........

12 hours drive per day and average 5 km per hour.

So demob - pack - drive - mob..........estimate 2.5 weeks.

Spud should be early October with results of drilling end of October. That is the plan as before......results of WH-1 late October to early November. No deviation from plan.

[s1zematters] 20/9/2018 13:51

j_v_e_r_n_e_y - not only does he read the thread he plagiarises my posts regarding drilling and oil companies proceedings.
Anyone who trusts this snake should look at AAOG , he spent months ramping it just like this and then he flipped negative presumably when it fell 60% and he did his balls in again!

[on target] 20/9/2018 13:49

What is the speed limit in Mongolia?

[gunsofmarscapone] 20/9/2018 13:23

Yet, they did not explain to the market exactly what moving all that kit involves, but rather inferred it in just one word prefixed to the actual distance.

V=D/T

T=D/V etc etc

[pro_s2009] 20/9/2018 12:37

GoM, nobody can predict the weather. The forecast appears good this year, no real cold weather until late November, so drilling season should end at the end of Nov.

However, yes, they have to move 150 trucks a distance of 450km. On the move to SL-1 location they got bogged down a few times. There will always be a risk that WH-1 will not spud this year..........anything can happen......look at AAOG, JOG etc... all delays out of their hands. I think the wording is suitable, they plan to spud, if all goes well they will spud........but if something untoward happens then delays will happen.

Thats quite fair, I don't read it as negative - purely they are being honest.

[gunsofmarscapone] 20/9/2018 12:28

Pro, you replied only nine minutes after my post. There is an inference to be drawn from the rns, although I have been 100% correct so far regarding Matd I am not a ‘basher’ and am cautious about publishing anything on any subject.

[pro_s2009] 20/9/2018 12:16

bmcb5 Fox-1 is a different basin.

Not related to Snow Leopard-1 at all.

All three wells in Blocks IV and V are unrelated. Different basins.


Fox-1 has bright spot on 3D and also live oil in a nearby coring well, its the most low risk of the three Block IV and V wells. Very likely to strike imo.

Snow Leopard-1 was a fill in well if you like, the original plan was for Falcon-1 in Block V and Wild Horse-1 in Block IV.

However the 3D which highlighted how good Fox-1 is, also showed Falcon-1 to be much smaller and so it was decided to drop Falcon-1. The only drill ready target left on Block V was Snow Leopard-1 and so this is why they drilled Snow Leopard-1 to comply with the spend requirement on the license block. They had under spent on Block V, now with SL-1 the spend is over the government requirement and so the license is in full compliance. So sadly SL-1 fulfills the spend requirement but allows Fox-1 to be drilled in Block V next year............and Fox-1 is the highly prospective target with live oil in coring and bright spot on 3D.

Biggest hope for me is around Fox-1.........thats the Hail Mary savior for big upside should WH-1 fail.

So yes, thats where we are, SL-1 on Block V was a quickly moved to the front given the new 3D showing Falcon-1 on Block V was not ideal and Fox-1 was new and unapproved (no drill permit). A well had to be drilled on Block V to comply with the license terms, and so it was SL-1.

However.......... Wild Horse-1 was always planned and its the well that Shell want to see drilled. And so it is, its up next........not long to wait.