Petro Matad Share Discussion Threads

[markstevenkirby80] 31/5/2019 15:44

Flying with the eagles

[momentum1] 31/5/2019 15:28

Wave after wave of buying. Every dip getting bought rapidly. 8p close anyone?

[2solaris] 31/5/2019 14:53

At last it is moving up towards where it should be which is in double figures. Mike Buck said he thought the drop was overdone but then he knew the potential and at last investors are catching up to the fact this is still an absolute steal.

[momentum1] 31/5/2019 14:26

Well on its way. Volume is excellent. Double figures next week.

[trulyscrumptious] 31/5/2019 13:48

And MB thinks it is higher than that but apparently 75% is the highest it can be. There is always the chance of a meteor hitting the Earth, very remote I know, but still a chance.

ducatiman. It certainly looks as if things could go that way.

Pro. I think your 8p on spud may be a bit parsimonious unless spud is in a couple of weeks!

[grannyboy] 31/5/2019 13:42

Without coming across as too pedantic ...the CoS is 75%+. ; )

[ducatiman] 31/5/2019 13:33

So if the consensus is that we will be at 30p on a strike and the COS is. 70% then anything up to 21p is possible pre result?

[trulyscrumptious] 31/5/2019 13:06

Yes, a nice run up to 12p+ would be good before the end of June.

[2solaris] 31/5/2019 11:58

Another day in the top 20!

[2solaris] 31/5/2019 11:17

The mm's have the sellers on the rack, they lower the share price to mop up the weak sellers and then lock them out with a quick rise. More than 8p pre spud surely Pro, after all, there are two spuds in July. At this rate we will have 8p in a week or so. 12p - 15p by end of June should be where this deserves to be. That will lessen the spike that is bound to come at some stage.

[recordz] 31/5/2019 11:14

What was the last company to have that many drills ahead of them. Could be a bit of a rollercoaster if one doesn't hit the sweet spot.

[top tips] 31/5/2019 11:06

Plenty more upside to come.

[markstevenkirby80] 31/5/2019 11:05

Leak anyone

[pro_s2009] 31/5/2019 10:38

Looking good. What do we all think, 8p pre-spud ?

[2solaris] 30/5/2019 17:28

People buying!

[recordz] 30/5/2019 14:46

What made this go to 38p in 2017?

[pro_s2009] 30/5/2019 12:38

Heron-1 is pretty much appraisal drilling and so a good 70% COS.

Red Deer-1 is also a very good candidate with a high COS.

I think this time, given the very much higher COS than last years wells, we will see a strong run into drilling.

[2solaris] 30/5/2019 10:42

Nice start to the day, locking out the sellers who were too impatient to hold for the drill which is only about 5 weeks away.
More news to come in the next week or so, rig mobilised to drill site is the one I want to hear with pics on Twitter.

[muddyfox0151] 30/5/2019 09:26

The drilling is starting , so slight rise