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MATD Petro Matad Limited

3.95
-0.01 (-0.25%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petro Matad Limited LSE:MATD London Ordinary Share IM00B292WR19 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.25% 3.95 3.90 4.00 3.95 3.85 3.90 2,649,496 15:55:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 201k -2.95M -0.0026 -15.19 44M
Petro Matad Limited is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker MATD. The last closing price for Petro Matad was 3.96p. Over the last year, Petro Matad shares have traded in a share price range of 1.65p to 7.10p.

Petro Matad currently has 1,113,883,601 shares in issue. The market capitalisation of Petro Matad is £44 million. Petro Matad has a price to earnings ratio (PE ratio) of -15.19.

Petro Matad Share Discussion Threads

Showing 9526 to 9548 of 12425 messages
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DateSubjectAuthorDiscuss
08/9/2019
12:02
Been some very interesting posts on LSE over the weekend.

Seems most have overlooked them

BWTFDIK?

under the radar
08/9/2019
11:44
I agree the potential is amazing, but for the moment it is just that, potential
gaffer73
08/9/2019
10:49
So that would be my estimate, initial Heron-1 news can double the share price if oil strike. Further upside on flow testing and then reservoir estimates.

The one that could send MATD into blue sky gains is the week after next and Red Deer-1, if that strikes oil then a double again to 30p levels should be easy to achieve.

Again, both will offer more upside once flow testing results are out and estimates of reservoir size are known.

pro_s2009
08/9/2019
10:42
gaffer73, PetroChina flow tested 19-46-3 at commercial rates, so there is no reason to think that Heron-1 will also not flow at commercial rates if/when oil is struck.

Need to get that testing rig in asap if its an oil strike, get some reservoir data and then they can start to suggest on potential size. Heron could be between 11 MMBO and 42 MMBO recoverable........so there is a big price range that MATD could be.

I would expect at 15p to 20p range on Heron-1 oil strike........and then we await the testing data from the testing rig to see if we get an upgrade on potential reserves...... Heron alone could be worth up to 30p a share if it comes in to top sides of estimates.

But that upside from the flow testing will come later as before that comes Red Deer-1 result. Higher risk is Red Deer-1 but also bigger size and the key to derisking some 600 MMBO recoverable in Block XX South prospects/leads. Red Deer alone ranges from 20 MMBO to 82 MMBO recoverable and thats up to 61p a share on its own - not including the other prospects and leads that might be derisked leading to 600 MMBO recoverable more in potential in Block XX South.

Bloody exciting few weeks/months ahead......no other stock on AIM has this upside potential, where the share price could be over 1000% higher by the end of the year in the success case of wells and then flow testing.

pro_s2009
08/9/2019
09:41
To be fair the mcap is 60m and we have not found any oil so far.When we hit oil it will completely change the status of the company and I would expect the share price to reflect it, as long as its commercial of course.
gaffer73
08/9/2019
07:40
Yes, exactly........if Petro Matad strike oil then PetroChina will attempt to farm in.

PetroChina will develop oil discoveries.

They will not go exploring - so the basics are Petro Matad explores and then on discoveries PetroChina farm in and help development.

Petro Matad then becomes a producer/explorer and is able to fund going elephant hunting in Blocks V and IV from their own free cash flow.......and not go about diluting with placings.

This is why they have held back drill 4...........because they dont want to run out of cash.

If Heron-1 or Red Deer-1 or Gazelle-1 or all of them strike oil they can get these fast tracked into production and generate funds........ and they can use drill 4 funds to do that or they can farm out to PetroChina for development which releases drill 4 money to go drill another well. In the meantime production starts (they have pumps already as Mike has said in the presentation) and they start generating cash.

All looks very rosy, just need Heron-1 to deliver oil this coming week.

pro_s2009
08/9/2019
07:32
It's starting to come together at last. Yes, funny how people use this as a short term betting platform, that's their way of doing things but it's annoying to read the waffle they sometimes write, such as PetroChina will buy out PetroMatad. MB clearly states PC are a producer and not an explorer. I take this to mean they will not want a buy out but are likely to farm in to Heron as you say, because this falls within their business model.
2solaris
08/9/2019
06:52
Thats very true. Far too many people nowadays are purely trading, hoping to get a quick price movement upwards and selling.

Saw the same on JOG.....when the news broke there - people were selling all their holdings at 80p and 90p......and now its over 200p.

Quite simply, they have not got a clue how to value a stock and so if it rises they sell it......rather than waiting for true value to show, after more rises. They see its gone up 100% and sell.....rather than saying - whats the value - ok - value is around 900% higher so I will wait and let it rise upwards towards that value.

I can understand some people bailing out of MATD before results, as they are risk averse.......fine......I am not averse to risk as I know if you are holding you can get massive 500% to 1000% gains over time, but only if you are holding when the fun starts.

Heron-1 should be the first good news from MATD, the first oil discovery, the start of them being a producer. If it comes in good I would expect PetroChina to farm in to 50% of Heron-1 and pay cash plus development costs so that MATD gets a free carry to production.

This is why its prudent to only drill 3 wells and save cash - puts them in a strong position to negotiate any farm in from PetroChina. Once the PetroChina farm in is agreed, if so, they can use the 4th well cash to do an appraisal well on either Red Deer or Heron - all wells will be future producers - they are being drilled as producers so if any of them strike oil they can be brought onto production very quickly.

They can then start getting their own free cash flow from production to then go about exploring in Block V on the Raptors.

The big upside is of course Block XX South. 600 MMBO recoverable potential there, if Red Deer gives them oil there might in fact be no rush to go to Block V, if you have 600 MMBO recoverable in Block XX South.....and you have a strike at Red Deer-1, you go drilling the other prospects there - as they are shallow and cheap to drill and of course - very quick and easy to bring on line in production.

pro_s2009
08/9/2019
06:35
Good clear posts Pro, these fundamentals are why I originally invested here and why I have kept faith. At last this coming week we should have the first results on the Heron appraisal well. The share price has been held back as people are wary these days but that's understandable as very few actually do the research and check out what they are investing in. I was surprised to see that on the LSE thread there are some who had never even seen the presentations!
Nothing is certain so we need confirmation of commercial oil at Heron, but if that happens, these prices will not be seen again.
Good luck to all for a positive week ahead.

2solaris
08/9/2019
05:26
And these are the license terms........ask others on their favourite oil stocks whats the license terms in detail........most will have no clue at all.........


Mongolian oil is very valuable. The PSC terms are rather wonderful…the oil has very high value in real terms to the producing company.

Look at these PSC terms - keep this to repost later - compare these terms against some other countries terms, see how much the oil is worth in other places in real terms to the producing company, after tax and tax and tax is hit upon them.

Petroleum Sharing Contract (PSC)

Royalty: Block XX 5%
Low cost in comparison to other jurisdictions

Corporate tax: 0%
Speaks for itself, designed to encourage foreign investment

Cost recovery mechanism: Exploration, development and operations costs recoverable against oil production with annual cap of 40% of total gross revenue. The remainder is carried over. Transportation costs are recoverable
This really needs shouting about!! Costs of Exploration, Development, Operations and Transport can be recovered in the success case. The implication for this is that on any success, when coming to arrange finance, this puts the company in a very strong position. This is something quite special

Contractor Profit oil split: Block XX 45% to 60%

This highlights just how aligned the Mongolian government is with the success case. Implications are to enable a significant cash flow from production.

pro_s2009
07/9/2019
19:56
Cannot see it going anywhere near a quid maybe 15p if the 1st well is a hit but then some will sell out.2nd well around 22p but then again it's sell on news which takes it down again.All guesswork though just like all pi's do on every stockGL
catchingmice
07/9/2019
19:42
Regarding Gazelle to the west of Heron and the next to be drilled... @ 11:25min ... the farther west the better the reservoir.
red rook
07/9/2019
19:32
Very interesting presentation, well worth a listen again .... particularly regarding the prospects at Heron and Gazelle @ 9:00min into video:



... The PetroChina wells closest to Heron - 19-46-3 and 19-46-1 drilled and both tested for oil at commercial rates BUT have not been put onstream .... because PetroChina did not want MATD to notice that their block was the extension and UPDIP culmination of the 19-46 field ... so efffectively they are appraising a discovery that has already been made.

red rook
07/9/2019
18:32
Certainly not....... Main part of the structure is in PetroMatad Block XX and the crest of the structure is in PetroMatad Block XX.

Means loads of lovely Heron oil for MATD.........soon to be official......this coming week.......all being well with no hiccups.

pro_s2009
07/9/2019
18:28
Which may mean the resovior is depleted ?
taxibabe
07/9/2019
17:57
Heron-1 Close up - how close is it to the PetroChina discovery......this close.
pro_s2009
07/9/2019
17:56
Heron-1 satellite image
pro_s2009
07/9/2019
17:55
HERON-1 overview of the prospect........
pro_s2009
07/9/2019
17:53
The encouraging aspect for me is that Heron, although officially classed as an exploration well because there is no discovered oil on the block, in actuality it is an appraisal well as it is an extension to the adjacent Petro China discovered field on their block that had a well producing 20K boepd on test that sits 500m away from PM.

Figures from my recollection.

mpls
07/9/2019
17:34
👍👍

Happy days

under the radar
07/9/2019
15:17
Added the March 2019 Oil Capital presentation video to the header.

Well worth watching ahead of Heron news next week.





.

pro_s2009
07/9/2019
11:15
Most will be happy with a one pound flip
taxibabe
07/9/2019
05:53
Bungee, agreed, however, if you do sell them all off and cause a flash crash down, you will actually buy them back into your ISA at much lower prices and so make a profit from it.

By accident this person appears to have done very well out of it.

pro_s2009
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