Petro Matad Share Discussion Threads

[tomford8] 28/8/2019 10:05

What is obviously in full swing right now on ALL boards is project FEAR and use of the dreaded word duster...

[jailbird] 28/8/2019 09:54

ProMy point was that your post stated a lot of IFsHence you prove my point It is simply a high risk investment /trade .It has become a traders stockIf it is a duster .. move on and buy on next dip for Heron... One would hope one comes in

[grannyboy] 28/8/2019 09:21

Well hopefully those that are 'foreseeing' a RD duster are wrong and they find oil... A higher share price would have to be payed for getting back in for Heron....That is of course if the RD result comes in first and not the other way round.

[pro_s2009] 28/8/2019 09:21

2solaris, of course Red Deer-1 is high risk.

Its a basin opening play - if it comes in it derisks 600 MMBO of potential recoverable oil in prospects and leads.

All basin opening drills are high risk. The 3D shows Red Deer-1 as a very good potential, but its still more likely a duster than an oil strike.

You either have the balls and hold (as I will) or you bail out scared and miss out on a potential 50% fall or a 500% rise...........

High risk, high reward......name of the game.

[pro_s2009] 28/8/2019 09:18

I think you miss the point Jailbird.......

You dont say, like I do, that Red Deer-1 is more likely a DUSTER than an oil strike if you are ramping it.

Rampers only post the positive and never the negative.


To suggest so shows your ignorance more than anything else :) But yes, many ignorant people around nowadays....... they hate it when you post about the potential negative on a share......because it spoils their "You are a Ramper" narrative that the ignorant like to spew out........LOL :)

[2solaris] 28/8/2019 09:16

People are suddenly saying Red Deer is very risky, no wonder people are selling now in readiness to buy back after the duster.

[grannyboy] 28/8/2019 09:04

Heron-1 well not So much a risk, being over 75% CoS, Red Deer is of course higher risk, but as Pro states "if RD is a duster, and the share price falls on the result buy more on the drop for the Heron result" ..

[jailbird] 28/8/2019 08:59

ProIf... if....if....if It has been an if since you have been ramping it (last year) The fact is this is high risk gamble ,It is simple is that ..

[grannyboy] 28/8/2019 08:54

Pro good summary(2973), and my thoughts exactly regarding if Red Deer turns up dry..

[pro_s2009] 28/8/2019 02:41

Well said ducatiman.

Does not matter if the price falls short term to 6p or up to 9p.......all the matters are the results of the wells.

Red Deer-1 - if its a duster, so be it. If it strikes oil, then MATD have a bigger discovery (net to the company) than ECO have with Jethro.

Heron-1 - If it strikes oil then MATD have a bigger discovery than ECO are trying to drill with Joe. The difference of having 100% of smaller sizes than just 15% of something bigger.

Its all huff and puff and waffle now...........all the matters is drill results. ECO have been successful and their market cap for 37MMBO net of Jethro is nearly 300 million pounds.

MATD are not successful and so market cap is 50 million pounds.

If MATD strike oil - multi bagger........and if not.......hello lower share price :)

Block XX South has prospects and leads of 600 MMBO recoverable, 100% owned by MATD. So if Red Deer-1 proves oil in Block XX South - then BOOM.

In ECO terms.......600 MMBO recoverable 100% owned by MATD is the same as ECO drilling for 4 Billion recoverable barrels with 15% ownership.

Hence.......ECO is a good comparison as to where MATD share price could be going, if they strike oil at Red Deer-1.

However, its exploration and Red Deer-1 is more likely to be a DUSTER than a strike. Thats reality.

However, with Heron-1 a very very high CoS appraisal, and it being worth 18p a share..........you basically get Red Deer-1 results for free and then wait for Heron-1 results. Only a muppet would sell Red Deer-1 news if bad as you just have to wait a week for Heron-1 news.

I have a fund ready to buy Red Deer-1 bad news, if the share price falls below 5p - so I can make a big profit then on Heron-1 news. However, if Red Deer-1 news is not bad, my current large MATD holding is going to make a very big profit.

Enjoy the ride !!!!






ducatiman27 Aug '19 - 14:59 - 2971 of 2972
It really doesn't matter where we are currently. We will not be here in 2 weeks time that is for sure.

[avsome1968] 27/8/2019 23:04

We will be ticking back up back end of the week peeps.

[ducatiman] 27/8/2019 14:59

It really doesn't matter where we are currently. We will not be here in 2 weeks time that is for sure.

[under the radar] 27/8/2019 13:39

Just let it go already ...

Your fighting a losing battle

[under the radar] 27/8/2019 11:04

Full ask being paid another tick up coming ...

People got mugged earlier

[under the radar] 27/8/2019 09:55

Full ask paid - will start ticking up soon.Shake didn’t work out got them because it got bought into.

Onwards and upwards ...

[2solaris] 27/8/2019 09:44

I think some people were expecting confirmation of signatures for Heron1.

[alistair4444] 27/8/2019 09:20

PetroMatad has 662,000,000 share total only just over 1 million traded yet down 6.4% ?

[under the radar] 27/8/2019 09:05

This is the last attempt from the market makers too collect shares.

Play them at their own game and buy the cheap shares from the weak hands.

This will be blue soon ...

[2solaris] 27/8/2019 09:03

Another dreadful start to a week. This is people selling, not a tree shake!

[under the radar] 27/8/2019 09:03

Buy the tree shake

[pro_s2009] 26/8/2019 12:58

Block XX South has leads and prospects totaling potential recoverable resources of over 600 MMBO of oil.

So if Red Deer-1 strikes oil, it derisks a large amount of other prospects and leads.

600 MMBO 100% owned potential recoverable resources is absolutely massive.


If Red Deer-1 is a duster, so be it, thats life in exploration. But if it strikes oil then the upside will be spectacular.