Petro Matad Share Discussion Threads

[under the radar] 09/9/2019 14:06

Waiting patiently ...

😃

[2solaris] 09/9/2019 13:58

I guess this RNS may have arrived in London last Friday pm about 14.20pm and is why the share price fell, 7 hrs time difference so 9.20pm in Mongolia.

[magnetformoney] 09/9/2019 13:44

Yeah stochs high and crossing and my other bespoke indicators gone flat. Expecting a retrace to low 7's now. You'll see...

[pro_s2009] 09/9/2019 13:31

For those not aware of the MATD past.......they have, many years ago and under different and useless management declared potential pay only to then flow water.........like DES did in the Falklands........like many oil companies have done - super excited RNS about hydrocarbons only to later limply say it flowed water...........

It is therefore very prudent to not to get the fireworks out until Heron-1 has flowed oil and can be declared commercial.

The fireworks in the share price will happen for Heron-1 - once the testing rig is on site and its flowed oil........... :)

Patience is the virtue. Until then......well not actually, next up is Red Deer-1 drill results..... :)

[under the radar] 09/9/2019 12:30

We’re not worthy!!!

RROFL

[theaviator] 09/9/2019 12:06

*following

[theaviator] 09/9/2019 12:05

Just flowing the chart. You should do a little research in my history ;)

[tomford8] 09/9/2019 12:04

no you got it wrong pal, your gap is bigger

[theaviator] 09/9/2019 12:01

Gap between your ears son. 7p next tbh

[tomford8] 09/9/2019 11:59

"not overly concerned with the price movement thus far, as now we have the initial indications of Oil and the 'better than expected' references, we can look forward to the further drilling activity in the nearer term, with a greater level of confidence that todays RNS has provided"...lse

absolutely!

Mike Buck CEO answers question on Heron 1 - re PetroChina

[under the radar] 09/9/2019 11:44

Gap nearly filled

[catchingmice] 09/9/2019 11:26

Why are people selling ?Sell on news understandably i didn't expect anything differentPlay them at their own game a bit like putting your towels out on holiday before the germans do it's the only way of playing the markets.The MICE

[cashandcard] 09/9/2019 11:24

spangle,

I take your point. However, there is a huge difference in scale, gross-netpay and nature of project - major offshore producer that is being quoted as having some of the lowest offshore costs in the world. ECO is more like COV, it will not be around for long as it does not have the clout to move towards multibillion barrel developments even for its 15% - in effect its a takeover play. Like COV at 8.5%, they will prove more and put the for sale sign up.

Today is an important day for MATD but when you have a track record that bad, it explains why the shareprice has barely managed to keep the mornings gains. They will have to do a lot more to instill confidence. What rates are the Chinese owned wells flowing?

Sorry for O/T folks, I await the results of Red Deer. If that comes in, it will be a game changer, which changes the dial for me in relation to building a position here.


Cash

[ducatiman] 09/9/2019 11:20

Amazed at the mkt reaction. Added.

[catchingmice] 09/9/2019 09:57

This PRO poster saying this stock has the best potential anywhere to rise 1000% by year end ?' Come on guys get real 'It's hit oil but it might not be commercial as judging by the rise the market is pretty dubious about the amount of oil ( If Commercial ) ?Like i said far better oilers out there than this.Not here offering advice as shares can go up and down so tread with caution.GLTHE MICE

[under the radar] 09/9/2019 09:50

Still filtered btw 😂

[catchingmice] 09/9/2019 09:43

Even though they have found oil this is not great as the market appears that it may not be a commercial find ?The share price is no higher than it was mid day on friday.I'll keep watching but I'm not convinced hereGLTHE MICE

[magnetformoney] 09/9/2019 09:40

Ere guys. Just wanted to let you know Under the radar likes to look for 200dmas on monthly charts.. ;)Resistance at 9.91 a toughie here. You need a close today above 9.47 before it can go higher otherwise expect a fall back. Hope it helps.GL

[under the radar] 09/9/2019 09:36

When they collect enough shares then watch them let it go ...

They need/needed shares to sell at higher prices.

Only good things happening here for those with a tiny bit of patience!

[under the radar] 09/9/2019 09:30

Hindsight traders don’t ya luv em

😂

[78steve] 09/9/2019 09:22

I'm still holding although not as much as i'd like to. The point i was making was risk of holding was too much as evident by price reaction today only 10% or so on good news whereas if this was a duster we would've been down around 70%.

[pro_s2009] 09/9/2019 09:10

Block XX South........ 600 MMBO recoverable of leads and prospects derisked if Red Deer-1 comes in with some oil.




Exciting times ahead.....Red Deer-1 results next and then Heron-1 flow testing, then perhaps Red Deer-1 flow testing, then Gazelle-1 results, then Gazelle-1 flow testing......

Plenty in the months ahead.

[captain james t kirk] 09/9/2019 08:58

PRO
That's exactly the point I'm making in citing TULLOW/ECO and EQUINOR/JOG. One may have tested, the Stena Forth was on location for 10 days after initial results and as far as we know Equinor didn't. Both are confident in their released figures and both could be subject to revision to the upside.
Sorry for off topic folks, enjoy the success :)