Petro Matad Share Discussion Threads

[pro_s2009] 10/7/2019 00:18

Yes, over 75% with Heron-1.

[gaffer73] 09/7/2019 22:35

75% with the first one I believe

[twistednik] 09/7/2019 21:52

Hi Pro - have they communicated the Chance of success of the drills? Can understand why others are weary after previous disappointments...

[2solaris] 09/7/2019 17:59

That's more like it.

[ammu12] 09/7/2019 14:46

Money moving into YU

[trulyscrumptious] 09/7/2019 13:52

Volume picking up a bit today and I expect a good week now that the rig is being prepared for spudding Heron 1. The share price is still very low for what is an appraisal well. Good luck all.

[matunde24] 09/7/2019 13:50

When is the exact date for the oil spike/drill?

[pro_s2009] 09/7/2019 13:25

Not necessarily..........Heron-1 should be an oil strike......thats worth 18p a share........it should be pretty much odds on to strike.....so selling might not be the wise thing to do.....we shall see in due course.

[woolybadger62] 09/7/2019 12:57

That's what will happen here

[sbb1x] 09/7/2019 12:22

Sell on news.... the spud right...

[pro_s2009] 09/7/2019 11:26

Spud soon..........so rise now and fall back after spud ? or is Heron-1 so damn attractive that people are getting in now before a potentially bolt on 18p for Heron-1 coming in on success ?

[gaffer73] 09/7/2019 11:22

Looks like interest is picking up again, see 10p soon

[fillipe] 09/7/2019 11:22

+13.3%, for whatever reason.

f

[pro_s2009] 09/7/2019 10:52

Nice and quiet :)

Hot money is in other stocks at the moment, and thats good, because its going to be what pushes this up to big highs in the event of success at Heron-1 or Red Deer-1

[2solaris] 09/7/2019 10:48

This thread is very quiet considering Petro Matad have an excellent chance of becoming a producer within a very short space of time. Spud within a week I guess.

[kirkuk] 08/7/2019 09:19

Article on MATD in today's Daily Telegraph business section
discussing up coming drills.

[pro_s2009] 08/7/2019 00:23

Depends........if you are willing to buy now and hold for all 4 wells, its exciting as there is around 70p a share of upside potential on a pure basis.

Heron and Red Deer could see this, in the success case, up to 50p.

Thats massive, bigger than pretty much all other AIM stocks in terms of potential rise. So yes, exciting for holders......not exciting for those looking to buy in later on, as they of course want the share price to stay where it is or fall.....but each to their own.

[taxibabe] 07/7/2019 15:52

exactly best not to get to excited eh?

[pro_s2009] 07/7/2019 15:22

MATD is a stock with a number of failed wells....so exoect the price to be discounted but then a massive rise on any good news.

[2solaris] 07/7/2019 10:28

Good thinking Pro. I am surprised there has not been more interest in this drilling but I suppose last year's failures have made a lot of people extremely wary of putting money into it yet.
MB said the rig contractor reckoned to drill in about three weeks but MATD say 40 days, seems rather a big difference. Your dates seem to suggest the contractor may be nearer the mark.

[pro_s2009] 07/7/2019 09:44

It will not spike on spud no..........but the volume will spike when they see some oil in the drilling cuttings.........

Thats the key event going forward.....wait until early August (or late July) and watch for a big volume spike....... if it happens and the price rises, we should be looking good for oil.

[2solaris] 07/7/2019 09:26

Do you think it will spike, I am beginning to think it has become becalmed in the Doldrums.

[pro_s2009] 07/7/2019 05:22

Spud news this week........then its a case of wait for the volume spike or spikes.......

[pro_s2009] 05/7/2019 12:36

The link:



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