Petro Matad Share Discussion Threads

[s1zematters] 21/9/2018 16:04

Again more misinformation.
the higher the geological chance of success % the more likely the wildcat will be successful, for example, is some parts of the south USA or Saudi Arabia it would be almost impossible to drill without finding oil so the GCOS would be high even for a wildcat.
That is important because all these high % chance targets are included in the 27% figures.
The fact that overall say 27% of wildcats find oil does not increase one iota the 9% deemed geological chance of success likelihood on this individual target.




Pro_S2009
21 Sep '18 - 15:03 - 1009 of 1009
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Their wildcats without a drill for 1000's of miles around......... so the stated CoS is very low.

SL was around 11%
WH is around 9%


But that is common for Wildcats.......... however, Wildcats have an average success rate of over 30% in reality.......... So obviously the stated pre-drill CoS has somewhat limited meaning for pure Wildcats given their success rate of over 30%.

[pro_s2009] 21/9/2018 15:03

Their wildcats without a drill for 1000's of miles around......... so the stated CoS is very low.

SL was around 11%
WH is around 9%


But that is common for Wildcats.......... however, Wildcats have an average success rate of over 30% in reality.......... So obviously the stated pre-drill CoS has somewhat limited meaning for pure Wildcats given their success rate of over 30%.

[gunsofmarscapone] 21/9/2018 15:00

Just out of interest, does anyone have a GCOS for WH?

atb GoM

Not Truly obviously, apparently I have become invisible.

[gunsofmarscapone] 21/9/2018 14:58

Afternoon all,

I hadn’t read this thread, quite err, direct and assertive! To be honest Pro has been very well mannered with me; obviously I disagree strongly to most of the over accentuated positive posts but criticism is like water off a duck’s back to me.

Would you believe it? I have been filtered by more than one puntvestor yet I have never been rude or used offensive language, never mind. We will have to watch and wait regarding any future climate based decisions but for the moment the company are pressing on.

atb GoM

I might not be able to post in the future which is a shame as I enjoy a spot of friendly disagreement and competition to be amongst the top investors (I’m nowhere near lol)

[big brother8] 21/9/2018 14:39

I think the minimum bumboy needs to do, is to send his missus over for the weekend for some double dipping session.

Save him a lot of money. I think she will appreciate we stopped bumboy to make massive life changing mistake.

[pro_s2009] 21/9/2018 14:21

In ones of the ones this year.

[cashandcard] 21/9/2018 14:15

Pro,


Soft amplitude anomalies, is that in their last presentation?


Cash

[pro_s2009] 21/9/2018 14:07

If you dig into the details of Wild Horse-1.

Its a 4 way dip (aka a dome) - better type of structure than SL-1 was. Many of the major oil fields in the world are this type of structure.

Soft amplitude anomalies seen (which may indicate hydrocarbons) (not present on SL-1)


Just 25 days to wait once it gets spudded soon.

[gunsofmarscapone] 21/9/2018 13:45

Jolly good. There is a distinction between climate and weather, you are referring to climatic information in making your decisions which is correct.

Truly, its a shame that you filtered me. I enjoy this game along with some friendly competition between investors, often enjoyed on or after AGM’s where over a drink one can confess to having been a donkey (we’ve all been there) or perhaps to talk about a few successes.

Mike will certainly have discussed and evaluated whether to continue drilling this season; that is the professional approach.

Putting blinkers on will not help you, already out of pocket thanks to dead oil shows and a fart of gas.

I shall continue, in our ‘free’ society, in adding an alternative narrative.

[s1zematters] 21/9/2018 13:29

Baatsagaan mongolia -12 AND SNOW DUE!!!!!!!!!!!!!!! (and 60% off cowboy boots)

[pro_s2009] 21/9/2018 13:24

It will be a swift drill - Sinopec told Mike Buck 70 days at SL-1 (and did complete drilling 70 days).

They told Mike Buck 25 days for Wild Horse-1, so expect them to complete drilling ops in 25 days !!

[pro_s2009] 21/9/2018 13:22

A post copied from elsewhere after contact (not my post) :



MATD RE:
Today 12:35

I can confirm the following has been reiterated by MATD on current operations of which some have been completed already.

1. Plug and abandoned Snow Leopard-1 well
2. Demobilise rig and move to the Wild Horse 1 location - distance 450km.
3. All permits/required approvals in place
4. Company will update via RNS when WH well spuds

Background information:

The Wild Horse prospect is in the Baatsagaan Basin in Block IV. The well will drill a prominent structure and is targeting a mid-case prospective resource of 480MMbo, which has increased by c.200MMbo following additional technical work. If successful the well will de-risk 13 further prospects and leads with a resource potential of c.750MMbo. The well will be shallower than the other prospects at c.2,000 metres total depth and is expected to cost approximately US$4 million. Snow Leopard cost $7m and was a much deeper well. WH drilling is expected to be swift in comparison.

The biggest concern for markets was the Permitting. In July 2018 this was still being worked through and not confirmed. for the Wild Horse well is nearing completion. The Detailed Environmental Impact Assessment had been approved but the chemical permits were not done and were still progressing. Completion of permitting was required to facilitate a seamless move of the rig from Snow Leopard to Wild Horse. The company confirmed in the lastest RNS that all approvals are done.

Wild Horse will be spudding soon!

[trulyscrumptious] 21/9/2018 13:17

GoM. Unless I am mistaken you were suggesting Mike Buck rethinks his entire drilling programme yesterday, it almost sounded as if you thought he should abandon this year's work. Why don't you go out there and see if he could use your superior knowledge and expertise?
I am sure you will buy back in, then sell as soon as it goes up a few pence and then start your smug, 'what a clever boy I am', remarks all over again.
Sorry, but for that reason you are filtered.

[pro_s2009] 21/9/2018 13:17

GoM you mention in the post above the schedule and the climate.

As far as I know P&A is already completed, they are now in the process of demob.

[big brother8] 21/9/2018 13:16

I can assure you, if that was the case he would not ask advfn to remov douchbag 2019 is a scammer post.

I think we can agree his constant complaining is going no where now


why would complain to advfn otherwise?

Clearly we are hitting that scammer hard and now he knows we will not stop here or anywhere else. He's done.




Pro_S200921 Sep '18 - 11:57 - 998 of 999
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They are funny though, most amusing........they must get so wound up that they cannot wind people up. Water off a ducks back for me, its actually quite complementary they take the time and effort, I certainly would not :)