Petro Matad Share Discussion Threads

[trulyscrumptious] 02/7/2019 12:19

No 'suggestion' there may be four wells 2solaris, a case of either/or, so four wells it is!
Good to see a blue day, all looking very good with personnel mobilising and spud of Heron 1 on the way. Onward and upward as they say and good luck to all LTHs.

[2solaris] 02/7/2019 10:52

Fourth well
- Either an exploration well in Block V on the Velociraptor Prospect, a large, shallow, inversion
anticline with 201 MMbo Mean Prospective Recoverable Resource potential in the Taats Basin
- Or part of an appraisal programme in Block XX dependent on results in the first three 2019 wells.

[spangle93] 02/7/2019 00:01

Hi 2solaris - yes I read the RNS - it also only refers to 3 robust wells and suggests that if things fall in line, there might be a fourth.

That's how I'm seeing this year, i.e. if there's a 4th well, it might be in Block XX, or an exploration well, but it's not firm as yet

[gunsofmarscapone] 01/7/2019 18:41

Spangle it’s great to read your post that Heron could be a real value generator for the company and I wish you guys well.

2solaris as Speaker Bercow would say, calm yourself dear. Last year there was a real lack of transparency regarding the visa issue which, without much consequential reasoning brought the weather/climate into play, yes Matd mitigated equipment risks and were able to elongate their operational season.

Anyway, not planning at the moment to either punt or post well update predictions.

[2solaris] 01/7/2019 18:17

Did you read the RNS? It clearly states what is happening. So does the presentation.

[spangle93] 01/7/2019 15:46

Hmm, well GoM has a good point. It's looking from the new presentation that the 2019 program is pointing to 3 wells from the previously stated 4.

Slide 4 still states four wells, with a choice of options for the fourth, but slide 19 shows 3, and there's no certainty of the exploration option being ready.

But as Pro says, it's hard to believe, if that map faithfully represents the structure, that Heron won't be a winner for the company.

[2solaris] 01/7/2019 12:52

Back with the same old stupid remarks that he thinks are amusing.

[gunsofmarscapone] 01/7/2019 12:07

Not exactly off the starting blocks on the ‘B’ of the Bang as Linford Christy used to say. Anyone up for a bet on whether Mike can get his tool into the ground before August?

[2solaris] 30/6/2019 08:07

Good, informative post Pro, thanks for that.

[gaffer73] 30/6/2019 06:28

Cheers Pro.

[pro_s2009] 30/6/2019 01:27

Its all about the oil and how much of it you own.

5% of a billion barrels is still 50 million barrels. The optics of 5% of a billion barrels might be nicer for the dreamers, but the reality is that its potentially Red Deer-1 for MATD as its 50 million 100% owned.

Heron-1 is 25 million barrels, 100% owned. That equates for MATD to around 18p a share.

Red Deer-1 is near 50 million barrels, 100% owned. That equates to MATD to around 32p a share.

As its all onshore and very close to existing infrastructure its cheap and quick to bring production on line and the IRR figures are good.

From the latest Corporate presentation, page 19. How much the worth of any oil is found is the sum of where it is in the world, the tax scheme, the government take, the cost of extraction and the cost of transport and sale etc.....




Mongolia has a fabulous system for any oil found, you can deduct not only the cost of finding it, the cost of extraction and also the cost of sales......any oil discovered in Mongolia is very valuable to the company producing it, more so than most other places in the world in terms of net cash back to the company.

[gaffer73] 29/6/2019 15:31

Mcap of 330m, do you think that is realistic pro? I know you are knowledgeable with the figures, can you post please?

[pro_s2009] 29/6/2019 13:55

Indeed.

There is lots of raving over at ECO, where if they are successful with both wells the share price may go up 250%.

But then I look at MATD, where if their first two wells come in good the share price may go up 800%.

Given how Heron-1 looks (and that offers around 250% upside) pretty good with well over 75% COS - I have stuck with MATD as the upside is way bigger and the COS much better (ECO is wildcat, albeit 43% COS).

Be interesting where both companies share prices are come September. I hope MATD is touching 50p following success at Heron-1 and Red-Deer 1

[grannyboy] 29/6/2019 13:43

I held onto my shares since the drilling last year, and topped up along the way...Listening to MB in presentations saying Heron has an OVER 75% of success and looking at those 3D tells you it does not get much more certain..

[gaffer73] 29/6/2019 11:56

Let's hope so. I've held these for about a year now so could do with some return.

[2solaris] 29/6/2019 11:51

Quite right Pro, I looked at this and bought another £12,000's worth as it is money for old rope. Unless a meteor falls to earth, a volcano erupts out of nowhere, the Chinese invade, or some other virtually impossible eventuality, I don't see how they can avoid hitting oil.
What is amazing though is that so many 'investors' don't even bother to do any research or this would be a lot higher. MB has been hinting at this for ages and there are still some buffoons who think this is a wildcat. In my opinion we will pepper Heron with holes after an initial well or two.

It even seems there is some oil almost on the surface as they recovered some with a drill-stem test, maybe not enough but it gives a clue to whereabouts of a decent amount.

[pro_s2009] 29/6/2019 01:56

Heron-1 has to be pretty much a dead cert as you can get, something really extraordinary has to happen for this one not to strike oil and catapult MATD up to 20p levels........with Red Deer-1 being the rocket booster to 50p levels if that one comes in as well.

[2solaris] 28/6/2019 15:04

Yes, announced on Twitter:

[pro_s2009] 28/6/2019 14:50

New Presentation out:



.

[spangle93] 28/6/2019 13:23

2solaris - ref 2415 - dburton1 works for total market solutions, hence the spamming

[ranald] 28/6/2019 09:34

It is quiet because the herd has yet to arrive hence the flat share price - needs some news to grab the attention of the masses.

[2solaris] 28/6/2019 08:30

I wonder if it really will take 40 days for a result to be announced on Heron 1 because the operator says he can drill in 3 weeks as they have done a lot of these on the other side of the border. I know MB says they have not drilled with PM before and therefore it will take longer but even so I think it will come in well within the 40 days allotted.
Or will we all be in the wilderness that long?

It is remarkably quiet here considering the 4 possibly life changing drills about to start.

[pro_s2009] 28/6/2019 02:02

50p a share (immediate with more on top from other prospects) worth of oil to be found within 2 months now.

Results of both first 2 wells expected end of August.

Sadly, for share price action this means the boring period......some take profits from earlier buys, some buy for the results......a period of sideways movement, some trickle down, some trickle up.........the action starts with leaks early to mid August - and MATD is leaky with volume spikes.

So 5 weeks to go before we move into volume spike territory.

[taxibabe] 27/6/2019 20:13

Meanwhile its barely clinging on to 7p. Fact is no oil it's back to 1p. It needs a strike to get above 10p