Petro Matad Share Discussion Threads

[taxibabe] 14/8/2019 07:39

2solaris early indications are it opens around 6.2p so still lower then I sold for a couple of days ago

[2solaris] 14/8/2019 07:38

Watch this fly, take a hike all the negs who hoped we were down and out. First oil on the way!!!

[taxibabe] 14/8/2019 07:36

WTF!!!!!!!!!!!!!!!

[pro_s2009] 14/8/2019 06:12

Matunde24 - they should be into the Secondary target sometime next week....thats the first red dot. The Primary target (lower red dot) next weekend or the week after.

Basically if you take TD to be 25 days and work on that ratio, you will not be far out......of course depending on any issues, delays etc..





Matunde24
12 Aug '19 - 22:53 - 2723 of 2758
When is red deer going to complete drilling and hope for oil? By 19th?

[pro_s2009] 14/8/2019 01:07

No.... I am in.

Red Deer was highlighted by geo experts during the farm in discussions and was taken up by MATD following that... Kind of like independent confirmation that its worth drilling.

So I am holding for Red Deer... Giving it over 40% CoS... Worth the risk of a drop below 2p short term against a rise to 30p plus on success.

[gunsofmarscapone] 14/8/2019 00:52

The concept of operating a very low risk well to TD first was a reasonable one, although Matd should have done this last year.

Now there appears to be a strong probability that the wildcat will reach TD before the virtual appraisal. Maybe just watch until the likely wildcat fail then jump in.

Is that your plan as well Pro mate.

[pro_s2009] 13/8/2019 23:05

Of course, it may collapse to sub 2p in the event of a Red Deer duster.......but hey........if you want to have 600% and more upside, you have to take the risk of the downside.

Red Deer results now just a couple of weeks away.

[pro_s2009] 13/8/2019 22:57

Well, if they were sure to not be allowed to continue, they would have suspended the well and demobilised the rig.

The fact they are paying standby fees shows they must feel the situation can be resolved.

Of course, the standby fee can be claimed back by the company from future oil production - so it also may be a leverage tool with the local provincial council.

MATD bill the Central Government for the delay - Central Government pass the bill directly on to the Provincial Council to pay - via funding deductions.......thats the threat made to make the local council a little more flexible......

We must remember, this row is between Central Government and Local Council - not MATD. MATD have done all by the letter of the law and rules. So it will only be solved by the government and local council. The threat of financial loss to the local council might help the case.

Now the bill is running up - Central Government say.......let MATD complete the well and find oil and the bill is paid from oil production. If you the local council do not allow drilling then you the local council will be deducted the amount of the stand by fees incurred.

For sure, lots of politics going on.........


But anyway, Red Deer-1 is ongoing.

Red Deer-1 is 48MMBO recoverable 100% owned. MATD market cap 35 million.

ECO have their small share of Jethro find - net to ECO just 37MMBO.....ECO market cap over 200 million.

This is why, if Red-Deer 1 strikes oil - MATD can easily rise to over 30p a share. 600% rise would make MATD still valued way below ECO even though they would have more oil in the event of a strike and also more potential oil to be found by de-risking of other leads. Its all about your net ownership percentage.


This is also known as ........ bloody exciting. Not long to wait now for Red Deer-1 results.

[avsome1968] 13/8/2019 21:35

Pro

I've took a gamble thinking the same lines lol, also if news comes out this week that the bits turning again at heron be double news on drills within a week of each other, yes its a gamble but aren't we all in some way gambling buying shares nothing is a sure thing, but if they thought delays were going to turn into months they surely would have let us know by now personally see news this week on the situation.
So took another 100k batch hope it pays off.

[jrewing3] 13/8/2019 15:24

Plus sandwiches and drinks

[neo26] 13/8/2019 14:42

So its costing them 12k per day

[robertjbeck] 13/8/2019 14:21

Think the CEO should walk on the back of this shambles

[pro_s2009] 13/8/2019 13:15

With all these conspiracy theories around - its a wonder nobody is saying that its Mongolian insiders getting the Provincial council to kick off on purpose, so they can load up with shares ..... and then wait on Red Deer-1.........

Whatever the outcome, good or bad - they can then release good Heron-1 news after Red Deer......letting those insiders sell their shares for a massive profit, or getting their money back when Heron-1 resumes.......

:)

[pro_s2009] 13/8/2019 13:09

Thanks 2 solaris.


O/T...dont forget.


Claim your free Plus1 coins, links below with various coins in them ;

[2solaris] 13/8/2019 12:32

At 6 minutes 14.

total-market-solutions.com/2019/08/13/malcy-talks-oil-gas-xiii/

[alistair4444] 13/8/2019 11:41

Interesting post today on Lse board by Neeko

450k Buy Today 11:16

Just gone through... 650k buy post market close yesterday. Lets put things into perspective, it has been 7 working days (9 days including the weekend) since PM reported the issue). This inst going to be an overnight resolution. At this stage I anticipate they are drafting a contingency plan in parallel to negotiations with the local authorities OR they are aware of what is required and are confident it will be resolved in due course.

Either way, always interesting to see how the volume dramatically increases on a share board and how every individual decides they have a story of how they are happy they didn't buy in and how they got burnt last year... Wonder where all these posters were when news was flowing and the share price was near 9p? That being said, the company still have their due diligence to fulfill and I would expect an update regarding the position and action items required (if not a resolution) by the end of this week.

[astorcourt] 13/8/2019 11:11

James parsons is the best to chat to

[soulsauce] 13/8/2019 10:11

tomford the company fooled us for about a week or more and tried to bury the news in a spudding rns and now probably spent an extra $150k already on drilling Heron.

I think we are all getting fooled by these muppets.

[matunde24] 13/8/2019 10:03

This is going South... Should have easily sustained 7 to 8p

[tomford8] 13/8/2019 09:40

There are 662,160,000 shares for MATD - Since yesterdays open there have been only a total of 11,028,402 shares trades in MATD

whos being fooled ?

[2solaris] 13/8/2019 09:11

tomford. Or email: [e-mail]