Petro Matad Share Discussion Threads

[pr0t0n] 15/5/2019 19:04

2197...what`s that ?!!!

[myamay16] 15/5/2019 17:26

15,45,200 SMA coming together.

[taxibabe] 14/5/2019 15:51

matd arent paying for that ?

[2solaris] 13/5/2019 18:52

They are getting ready by building the petroleum refinery infrastructure in Mongolia, 40% complete.

[taxibabe] 13/5/2019 18:02

toop was well up today and your comment about only 5p is misleading its worth 30 mill on the market high for an unproven aim oiler

[pauliewonder] 11/5/2019 07:12

Also hold TOOP as there is huge potential there. For another stock with massive potential look at BIDS, wry exciting (as will be MATD once we start drilling)

[2solaris] 11/5/2019 06:51

What an idiot! This has to be the sleeper of the year at the moment. The share price is still only about 5p, an absolute steal, the mms must be stashing away a few in readiness.
Drilling could be in full swing with two rigs in six weeks time, the long wait over just as some of the others such as BLOE and TOOP run out of froth, the timing here could be perfect.
Always a risk to anything so DYOR but I have topped up and will again as some funds are coming in next week, lovely jubbly. Not ramping, just pointing out the facts and with spud news brewing, a CoS of over 75%... a summer of fun beckons!

[mam fach] 02/5/2019 12:06

I bought more Toop yesterday too and put it in an ISA.
Long term hold for me. Wish I had all my Toop shares in ISA.

[muddyfox0151] 02/5/2019 10:37

Sold the lot yesterday , put into Toop , will come back too this , too slow !!

[mam fach] 26/4/2019 14:45

Agree.It's the same as every other share -a punt.

[muddyfox0151] 26/4/2019 13:27

4 drills , low price this , bought at the last duster , Hold on for me , good punt .IMO

[mam fach] 26/4/2019 12:04

That is a question we don't know the answer to.
As you know it's a guessing game.
You win some you loose some.
To date MATD haven't won any.

[sunnybeachboy] 26/4/2019 10:51

4 drills this year.... how many strikes and how many dusters...

[gaffer73] 26/4/2019 07:49

Wrong board??

[daniel levi bmd] 25/4/2019 10:59

FYI



Dan
x

[mam fach] 24/4/2019 11:30

Creeping up nicely.
Come on MATD be THE share of 2019.
GLA

[markstevenkirby80] 23/4/2019 09:53

Come on then

[mam fach] 18/4/2019 13:03

Topped up myself. Lots of quite large buys today.
Not too much chat on BB. Which points to no pumping or dumping.
IMHO.

[2solaris] 18/4/2019 11:22

We have the most experienced operator in Mongolia to drill Heron in July, followed by Gazelle.
Red Deer in July as well!
What a month and what a month August could turn out to be. Thanks to those who have sold, I have added more of these as this has to be one of the best bets on AIM at the moment.

[mam fach] 17/4/2019 10:53

To get back to MATD price held up well considering disappointment.
So on the whole RNS was well received.
It's all about wells.

[grannyboy] 17/4/2019 10:47

ZEN have NEVER completed a drill...

The only thing positive for future drilling is the rig they have purchased comes with an experienced drilling crew for six months...

And for cattaneo zen CEO to keep well away and leave it the those that have experience in the O&G business..

[alexios1201] 17/4/2019 10:36

While you wait...Sorry for o/t guysZENrigging up C37 for sidetrack into oil zone31mmbbl 2P ReservesProducerMcap under £10MShould deliver similar returns to BLOE sidetrack7p minimum Target

[2solaris] 16/4/2019 11:00

From Malcy

Petro Matad
MATD has announced rig contract wards, one for Heron-1 and Gazelle-1 in the north of block XX with options should they have success there. The second contract is for Red Deer-1 in the south of block XX, again with similar options, or may move to block V in western Mongolia to drill near previously unsuccessful but promising targets there, it may even duck that and go up north in XX.

The Heron-1 drilling is now expected in early July, a fair bit later than planned as despite the rig being warm-stacked nearby it need some modifications which will hold things up a bit. The second rig is expected to spud in July as well which the company says will give it plenty of time to drill the ‘four well campaign’ before the weather closes in, this is interesting as I’m sure that there was talk that an early start would give an opportunity to drill five wells this summer.

Either way the Heron prospect, being an appraisal has a realistic chance of starting the season well as it is thought to be the southern extension from the oil bearing structure in Block XIX which gives the company multiple opportunities over this campaign. MATD has risen sharply from the lows of January but this news has slightly put a dampener on things which will surely be rectified in the summer.