Petro Matad Share Discussion Threads

[sunnybeachboy] 08/10/2018 17:34

Well done. You have a better average than me. :) the largest 100 % owned drill on aim this year with 480m barrels with 4 fully funded drills to come after wild horse

[davidspringbank] 08/10/2018 16:41

I'm in with 64,180 @ 6.22p. Good long-term buy.

[on target] 08/10/2018 09:57

Not on the radar then?

[78steve] 05/10/2018 14:49

quite a few more drills to go surely they'll find some oil in one or two of them. Very aggressive drilling campaign for an oil company which is why I've bought in here

[gaffer73] 05/10/2018 14:47

Then a sharp rise to 50p

[gaffer73] 05/10/2018 14:46

Pro, I'm hoping they find oil!

[pro_s2009] 05/10/2018 07:40

I am hoping for a nice gentle rise (up and down but average uptrend) to around 6.8p in the coming couple of weeks and then hit 7p on spud.

Hold 7p levels through the early stages of drilling.

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[gunsofmarscapone] 04/10/2018 17:08

One word, visas. All bases covered....

[2solaris] 04/10/2018 16:58

I tend to trust the company has worked all that out.

[gunsofmarscapone] 04/10/2018 15:28

I don’t remember doing climatology at school, avoided A level geography, for the hard of thinking. Still, at least you are aware of the Siberian High and it’s implications with regard to extreme temperature variation.

He said pompously. Tick tock tick tock etc etc

[2solaris] 04/10/2018 15:08

Yes, I suspect most here studied Geography starting at primary school and this was all part of the syllabus.

[gunsofmarscapone] 04/10/2018 14:05

What cannot be seen, at least on the visual spectrum photo is the inversion layer which provides a quite low (few hundred metres max) barrier against convection. This is a virtual greenhouse, solar heat energy freely penetrates the inversion, warms the surface and causes volumes of air to rise and cool. The surrounding air cools at the adiabatic lapse rate, in proportion to altitude, itself a variable.

The air ‘packets’; or ‘bubbles’; if you will, remain buoyant as relatively warmer and hence less dense than the volume of cooler air around it. Some cooling within the bubble (a mini thermal) occurs but the tendency to rise ceases when it reaches the inversion layer.

The inversion layer is the point at which the temperature gradient in the atmosphere reverses its descending trend and becomes warmer with altitude, another lecture altogether.

This is why, at this time of year, in a region existing within the ‘Siberian High’ can be very warm during the daytime.

At night, in the absence of radiant solar heat, the earth radiates a huge amount of energy at the speed of light back into the universe. THERE IS NO CLOUD, in capitals because this is a crucial point. Another lecture but the presence of layered cloud drastically reduces heat energy being radiated into space.

At night, particularly in central Asia, due to the factors explained above it can start becoming very cold indeed and for a short time, huge diurnal variation occurs. An inflection point occurs when the angle of isolation no longer allows enough solar energy to heat the surface during daylight. Now, winter is approaching and very typically for this continental climate (not weather), winter can ‘land’ very rapidly.

Made it as short as I could, nearly thirty years since I took a climatology module!

The point is, I would not place too much relevance in whether, sic lol, it is 26 degrees Celsius today. Mike says it is fine for his equipment to operate in December and that is what will happen, probably.

[pro_s2009] 04/10/2018 13:33

Weather was gorgeous yesterday. 26 deg C as you can see from the photos.



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[78steve] 04/10/2018 13:30

Back up over 10p soon I’d thought

[trulyscrumptious] 04/10/2018 13:28

Yes, I saw that, it's really good the company are giving us pictorial evidence to back up their words. The weather looks good out there.

[ranald] 04/10/2018 09:58

Pro_S2009
Good analysis of recent history of changes in thinking - reflects what businesses actually have to do to be successful ie make a plan - adjust it as time goes along to take account of changing information/circumstances - monitor and keep adjusting as required. All good business models do this - all bad ones do not - not for nothing has the mantra "failing to plan is planning to fail" been around for decades.

[on target] 04/10/2018 09:14

New tweet - big trucks.



Looks like they're moving faster than 5 km/h to me.

Nice and sunny as well.

[spangle93] 04/10/2018 06:33

Yep, indeed, ref seismic. It's not a slam dunk on its own to see an amplitude anomaly, but if it fits your model then it increases your confidence.

[pro_s2009] 04/10/2018 04:56

Spangle.........one can hope............

For Wild Horse-1 the bright amplitude is only at the very top.

The hope is of course this is a gas cap and a 500 MMBO of recoverable oil - and not a gas cap on lots of water.........

[gunsofmarscapone] 04/10/2018 01:32

Gaffer.

This is 2018, updated information is the norm. The photo we were offered on Twitter was virgin steppe with Natalie Bennet’s three yurts, a digger machine thingy and a few vehicles.

Obviously the rns contains the correct information.

[spangle93] 04/10/2018 01:28

ref 1157

... or Perrier. Gassy water would also give a bright amplitude anomaly.

Cf Matra Petroleum's premature announcement in Hungary a year ago

Seismic response is based on [density * velocity of sound] contrast (acoustic impedance) so the highest differences are where there are the biggest contrasts, i.e. gas. Oil in pores has a lower effect (though light oil can be good). Ungassy water has very little contrast