Petro Matad Share Discussion Threads

[pro_s2009] 05/8/2019 09:07

avsome, all costs are able to be claimed back against production, so provided Heron strikes oil, they can get all the money back anyway.

[avsome1968] 05/8/2019 09:00

Heron spudded 19th so they should be around 1700m they are just over 500m 1000m behind schedule, so properly been no active drilling for 6-8 days 12k a day over 100k wasted money this could go on for weeks not good news lot of wasted cash.

[taxibabe] 05/8/2019 08:53

Heron was the well that was most certain any delay whatsover is bound to be bad news. Plus who is to say the same problem doesnt happen with RED DEER? They wait for a spud and then start upping the ante? What is that about FAWLTY towers? Or something more insidious?

[2solaris] 05/8/2019 08:11

At this rate it will be blue by the end of the day, let's not forget Red Deer has spudded and is twice the size of Heron.

[pro_s2009] 05/8/2019 08:05

Mmmmm cannot buy in large size....has to be worked. Not many selling it seems.

[soulsauce] 05/8/2019 07:59

Very naughty of the company to hold this news until Red Deer spudded. Seems obvious this has been going on for a while.

If this company didn't have bad luck they would have no luck at all. Then again you make your own luck and all this company do is make a mess of things.

[bungeetrader] 05/8/2019 07:55

At550m!?! I doubt that somehow.

[pro_s2009] 05/8/2019 07:37

Mmmmmm ok.

I dont want to vomit, I want to buy a load of cheap shares this morning :)

[2solaris] 05/8/2019 07:32

I wonder how long drilled has been stopped.

[pro_s2009] 05/8/2019 07:29

gb.......sounds like someone wants an envelope (stuffed) and then the problem will go away..........LOL

MATD have followed the rules, nothing to do with them.

This is inter-government department and with the provincial assembly. Unrelated to anything MATD have done, but they get affected by it.


Ok, cash at the ready, might be able to buy some below 7p this morning :)

[5chipper] 05/8/2019 07:27

That's why I didn't invest here

[2solaris] 05/8/2019 07:12

Hmmm... let's hope they sort this out pronto. They haven't drilled very deep as yet so it has been a problem for a while.

[pro_s2009] 05/8/2019 07:05

Red Deer-1 spuds.

Heron-1 delayed.




.

[under the radar] 04/8/2019 15:42

Higher highs/higher lows and now a new higher high coming...

Buys outnumbered sells by 2 vs 1 on Friday.

Hopefully we get an oil shows RNS around the end of next week.

75% cos = 3/4 times it will come good. Goto love those odds

GLA

[pro_s2009] 04/8/2019 15:13

100 Free Plus1 coins in the link below:



.

[steephill cove] 04/8/2019 13:15

Tumbleweed....

[under the radar] 31/7/2019 16:12

Thanks 2solaris.

Looking good - strength into close.

[2solaris] 31/7/2019 10:05

Good timing under the radar, well done.