Petro Matad Share Discussion Threads

[pro_s2009] 04/9/2019 16:13

Chunky buys........oil in the target zone ? :)

[under the radar] 04/9/2019 16:09

Traders getting locked out now

😂

[pro_s2009] 04/9/2019 16:05

Blue she pops.......

[pro_s2009] 04/9/2019 15:48

Same on JOG.......when the news broke and the share price moved from 60p to 90p......they all sold.

I held.

The price now 235p and soon will be over 500p imo.

Patience is king and the way to make big profits.

[under the radar] 04/9/2019 15:46

Yeah the rns’s will decide our fate.

Waiting patiently ...

[pro_s2009] 04/9/2019 15:12

Just traders taking their measly profits.......... They will be buying back in Monday morning for sure.

[catchingmice] 04/9/2019 12:34

Always gonna happen after the rise last two days as it was pumped on false dawns and now traders taking their 30% profitsIMO

[grannyboy] 04/9/2019 12:08

Hahaha...love it when you get the uninformed, base intelligence rabble posting feverishly on forthcoming doom and gloom from the wellhead... Ignoring the facts that Heron has a 75+% CoS, you don't get much better odds of finding oil...

[catchingmice] 04/9/2019 11:29

LOLHow can this PRO Clown compare MATD V ECOEco is a swimming pool of oil out in Guyana and currently undervalued with enough money for several more drills.On the other hand MATD is overvalued and will no doubt be doing a placing probably before year end.What a plank Pro is absolute clueless.

[under the radar] 04/9/2019 10:09

Buy the dip

[2solaris] 04/9/2019 07:56

Fingers crossed for another positive day, goodness knows we need a few more to make up for the apathetic share price over the last year.

[ken chung] 04/9/2019 07:54

Already reached target depth but no mention of any oil flow in yesterday's RNS.Presumably another duster to be announced next week but allowing time good old boys to exit?Lemmings and mushrooms only.

[pro_s2009] 04/9/2019 07:24

And as a good comparison....

ECO have 15% of their license in Guyana. MATD have 100% of Block XX South.

For MATD to have the potential for 3 Billion barrels OIP, then ECO would have to have 20 Billion barrels of OIP (to get to 15% ownership equaling 3 Billion OIP).

Thats the staggering upside from Block XX South if Red Deer-1 comes in. You have mundane 200% upside from Block XX North drilling. But you also have staggering upside potential from Block XX South.

Which is why MATD is an interesting stock to hold for those who like some risk/reward.

Hopefully both ECO and MATD strike oil on their current drills - happy days !! :)

[pro_s2009] 04/9/2019 06:56

Good news on the Geo, the more players and more involved the better. If Red Deer-1 strikes oil then they will want a lot more geo work done on Block XX South. Heron-1 and Gazelle-1 are Block XX North, but Red Deer-1 is a basin opening play in Block XX South.

Block XX South has the potential for 600 MMBO recoverable (100% owned) in lead and prospects - so akin to 3 Billion Barrels of Oil In Place.

Red Deer-1 is a high risk well, as the CoS is low - but if it comes in, then real excitement will happen.

Heron-1 and Gazelle-1 are more mundane, while offering massive upside from the current low share price (over 200% from 8p) they don't open up spectacular upside like a strike at Red Deer-1 would.

[alistair4444] 04/9/2019 01:09

OIL& GAS INDUSTRY 3 SEP 2019

Russia’s Rosgeo to search for oil and gas in Mongolia

Russia is the main supplier of oil and petroleum products to Mongolia
Vladimir Smirnov/TASS

ULAN BATOR, September 3. /TASS/. Russia’s geological holding Rosgeo and the Mineral Resources and Petroleum Authority of Mongolia (MRPAM) have signed a cooperation agreement on mineral exploration.

Putin praises milestone permanent treaty with Mongolia

The signing took place as part of a visit by Russian President Vladimir Putin to the Mongolian People’s Republic, a TASS correspondent reported from the signing ceremony.

According to a Rosgeo statement released after the signing, the agreement provides for cooperation in geological exploration to discover oil and gas deposits, solid minerals, reproduction of basic mineral resources, precious and rare metals, construction and technological materials, and agrochemical raw materials.

Rosgeo and MRPAM also intend to cooperate in the search and exploration of underground freshwater deposits.

The main mineral resources of Mongolia are non-ferrous and rare-earth metals, gold, silver, uranium, coal. Russia is the main supplier of oil and petroleum products to Mongolia.

[ken chung] 03/9/2019 23:56

Lemmings and mushrooms only.

[under the radar] 03/9/2019 21:33

Another tall bullish white candlestick was formed today - showing us the way forwards.

2 on the bounce

Feeling very bullish here 👍

[ken chung] 03/9/2019 19:21

Lemmings and mushrooms piling in today but the Results made no mention of any oil despite them having reached target depth. Strange that don't you think.So a few days left to exit before another duster announcement next week no doubt.Lemmings, mushrooms, gamblers and fools only.