Petro Matad Share Discussion Threads

[catchingmice] 26/8/2019 12:00

Massive risk holding out for a result here should have backed the Toon away at spurs yesterday easy money with Bruce as the general.Nice little earner however I'm no football tipster or stock advisor so please DYORThe MICE

[pro_s2009] 26/8/2019 11:15

Patience is the key..........too many people wanting to get rich overnight making lots of bad decisions sums up AIM.

Look at MATD.

If you held last year at 8p levels for Wild Horse and Snow Leopard, you in effect lost nothing after the bad news as its back to the same levels again now. If you held, and were patient.

Same will be with Red Deer-1 and Heron-1.

Only a complete fool would sell on Red Deer-1 bad news, as Heron-1 if it comes in, and its over 75% CoS, is worth on its own more than the current share price.

So you have Red Deer-1 upside for free........in effect, if Heron-1 comes in good.

[upgrade1] 26/8/2019 10:31

Losing hope in all AIM stocks

[pro_s2009] 26/8/2019 01:01

Do you even know what an NPV10 is ?

[deccer1] 25/8/2019 23:24

What if its dry or a low flow. Only a fool would hold for the results.

[taxibabe] 25/8/2019 17:11

why Nv10 why not NV60?

[pro_s2009] 25/8/2019 17:00

Just a reminder, if Red Deer-1 comes in with the Pmean 48 MMBO recoverable, that would have an NPV10 of 300 million US$.

Which would be transformational for a small company like MATD.

They will be into Red Deer-1 primary target this coming week, with logging then to be done results should be during week commencing 2nd Sept.

[alistair4444] 25/8/2019 08:23

Meanwhile Oil Exploration continues relentlessly in basins situated Northern China of which are geologically similar to basins next door in Mongolia


China looks west to solve energy riddle

Craig Guthrie
22 August 2019

Xinjiang has potentially huge untapped reserves, but exploration in the desert province presents complex geological and political challenges
Chinese NOCs are forging ahead with challenging ultra-deep drilling and shale projects in Xinjiang Uyghur Autonomous Region, underlining the far western province's potential importance to the country's drive to meet ambitious energy security plans.

PetroChina, one of China's ‘big three' NOCs, completed Luntan 1, Asia's deepest well at 8,882m, in the Tarim basin at the end of July, saying it had taken a year to drill due to complex geology and difficult ultra-high-temperature and ultra-high-pressure conditions. It was the latest completed of 27 ultra-deep wells drilled at the Shunbei field.

PetroChina started drilling work on 47 wells at its Jimsar shale oil field in the Junggar basin, which the firm says has 1 billion tons of reserves. And, in July, PetroChina and fellow 'big three' firm Sinopec signed an exploration agreement to explore and develop oil and gas reserves in the Tabei and Tazhong blocks in the Tarim basin, which are known for their complex geology, as part of plans to carry out joint geological studies on 81 blocks covering 305,800km² in the Tarim and Junggar basins, as well as in the Sichuan province.

[myamay16] 25/8/2019 07:05

I was curious how they estimated how much oil was in a reserve, and if there was a more accurate method other than from seismic readings when they had drilled down to the reserve.
Found following site with few answers.

[pro_s2009] 24/8/2019 14:02

Tuesday is going to be a big day I think.

Monday 26th or Tuesday 27th they should be into the Primary Target at Red Deer-1.....so....watch the volume levels from Tuesday morning open onwards.

[gunsofmarscapone] 23/8/2019 16:47

One of them is!

Anyway, just ribbing you guys, have a good weekend. You just need a decent basin opening liquids find and you have it made. Will be the first to congratulate most definitely.

[2solaris] 23/8/2019 16:37

You seem to have got it wrong once again GoM, this is no wildcat.

[gunsofmarscapone] 23/8/2019 16:25

Only ever held a position in a wildcat to results maybe three times, far too much bank holiday stress for too little probability of success. Football accumulators are more fun, over in an afternoon and good fun watching the matches and filling in the results.

Four minutes left to jettison everything, open a few beers and chill.

[catchingmice] 23/8/2019 16:00

Good luck geezer but it's not for me

[2solaris] 23/8/2019 15:55

Thanks Alistair4444

[willywonka22] 23/8/2019 15:47

Your right I doubt they will hit from previous unsuccessful drills this is another to add to the list.

[alistair4444] 23/8/2019 15:43

Drilling operations progressing at Red Deer-1, targeting 48MMbo of Mean Prospective Recoverable Resource

photographed 5 hours ago

[matunde24] 23/8/2019 15:39

Best is wait till Tuesday...either will go towards 15p or 5p... If it drops. Second drill will push it back to sub 8p...

[catchingmice] 23/8/2019 15:13

Always research in depth it always helps.Wide boys everywhere on aim promising gold at the end of the rainbowBe careful out there with your moneyThe MICE

[catchingmice] 23/8/2019 15:11

That's my point the rise was factored in and even if the flow rates increase then the share price won't budge.Even if it did you would see the sell on news brigade taking it back down again.5p is fair value but none of you can see that.Please DYOR as I'm not here offering advice.The MICE

[talk2dubya] 23/8/2019 14:58

Christ Ken trust you are not a reservoir engineer.

[taxibabe] 23/8/2019 14:37

yes someone wants shares cause they know something we dont