Petro Matad Share Discussion Threads

[upgrade1] 21/8/2019 08:13

Hopefully should break 8.50p with nice steady rise

[pro_s2009] 20/8/2019 22:34

They will be into the Secondary target at Red Deer-1 later this week/weekend.

Then Primary should be next week. This is where it gets very exciting - with the back up of Heron-1 results coming soon too.

[upgrade1] 20/8/2019 20:04

These will fly sky high

[under the radar] 20/8/2019 16:32

Better buy back in at open - take it on the chin.

[2solaris] 20/8/2019 16:12

Terrible share price for so many buys compared to sells. What does it take to make this go up?

[upgrade1] 20/8/2019 14:30

terrible share price for such a good rns, should see
another positive RNS before end of August IMO

[taxibabe] 20/8/2019 12:47

If successful it would make matd a footsie 100 company

[taxibabe] 20/8/2019 10:58

velicoraptor dwarfs that

[alistair4444] 20/8/2019 08:43

Great communcation/RNS from Petro Matad CEO Mike Buck today keeping market informed
as to latest progress,well done Mike!

[2solaris] 20/8/2019 08:41

I really hope so as well gaffer73, it's about time MATD had a good result. That rig in the pics has a lot relying on it.

[gaffer73] 20/8/2019 08:17

I do hope they hit oil this time, be a nice outcome after last times result.

[avsome1968] 20/8/2019 07:57

My heart sunk when I saw rns thought bit broke or another problem lol , all good news I said 6th September (Friday) for heron so Monday 9th sept news, double news that week exciting couple of weeks ahead.

[pro_s2009] 20/8/2019 07:44

32p (Red Deer) and 18p (Heron) worth of upside on oil strikes based on mean sizes (100% owned).

No other share on AIM offers that potential upside in the coming few weeks. Risk reward ratio is good, only needs 1 of these 2 ongoing wells to strike, but if both, then wow......

[pro_s2009] 20/8/2019 07:37

The new forecasts by me are :

Red Deer-1 well will be into Secondary target during week commencing 19th August.

Red Deer-1 well will be into Primary target during week commencing 26th August.

Red Deer-1 well results and RNS week commencing 2nd Sept.

Heron-1 well into Primary target week commencing 26th August.

Heron-1 well results and RNS week commencing 9th Sept.

Gazelle-1 spud early October

.

[unlikely2] 20/8/2019 07:35

Red Deer is a relatively shallow well at 2100m. Very likely that the intermediate casing referred to would be set before entering the top of the expected reservoir section. So once they drill out through the shoe they could encounter pay dirt at any time. Getting interesting.

[red rook] 20/8/2019 07:28

...so it looks like preliminary Heron-1 result could be announced at the same time as Red Deer-1

[red rook] 20/8/2019 07:21

....' the drilling AND logging of Heron-1 are forecast to be completed around 9th September.'

Target depth should be reached well before the 9th September ... possibly a week before so around 2nd September.

[pro_s2009] 20/8/2019 07:13

Very nice clear concise update. I will update the forrcast tines now.

[2solaris] 20/8/2019 07:07

Heron coming in a week early, 9th September!

[tomford8] 19/8/2019 12:19

Matunde24 if you care to look over following post would be the best estimate anywhere - thanks to Pro_s2009

Pro_S2009

Aug 16 - 20:11 - 2840 of 2855

My estimates now :

Red Deer-1 well will be into Secondary target during week commencing 19th August.

Red Deer-1 well will be into Primary target during week commencing 26th August.

Red Deer-1 well results and RNS week commencing 2nd Sept.

Heron-1 well into Primary target week commencing 9th Sept.

Heron-1 well results and RNS week commencing 16th Sept.


*Chinese drill operator experienced with PetroChina in area said could drill Heron1 in 3 weeks*

[matunde24] 19/8/2019 11:45

When are we hoping for any updates.. Hence an rise im share price .. This has been resistance for too long

[tomford8] 19/8/2019 11:33

unlikely2

thanks for your map of Heron-1 well position If you care to look further a few kilomters north slightly to the 1 o'clock position amazing view to look down on large number of PetroChina wells....

[pro_s2009] 19/8/2019 11:17

Here is the direct link.



.