Petro Matad Share Discussion Threads

[catchingmice] 14/9/2019 21:22

I don't see much interest from any big institutions buying into MATDIn my opinion this is just another BLOE built on false promises by Wide boys at the helm who promise so much but under achieve.For any stock that falls on an oil find is very rare in this market.Have a think about it ?Not saying it might not hit 8p-10p if red deer comes in as it might do but nothing in the future will make this a worthwhile investment in my view.However i don't offer advice so please DYOR as shares can go up or down as you are fully awareThe MICE

[taxibabe] 14/9/2019 19:54

Red deer comes in it's 50p

[matunde24] 14/9/2019 19:14

Sad news for saudi.. But great news if matd spikes oil... Gold!

[grannyboy] 14/9/2019 18:04

Could be an oil spike due to the drone attacks on Saudi oil installations.

[soulsauce] 14/9/2019 17:26

Looking likely a big spike in the oil price Monday. Wouldn't be a bad day for Red Deer to come in.

[mb_2] 14/9/2019 11:36

Thanks Pro. I would assume that ultimately we don’t care whether stimulation is required or not so long as the oil flows to an acceptable level. As you say, Petro China have been working their wells successfully for years using stimulation. If the oil flows without stimulation that’s just a bonus. Exciting few weeks ahead with lots of newsflow

[pro_s2009] 14/9/2019 08:35

I believe the assumed flow rate after fracture stimulation for any Block XX North, Block XX South and Block V well is 200 bopd.

So with 200 bopd after fracture stimulation as the target, its is going to be very interesting to see what flow rates Heron-1 can do naturally.........and then if needed, after a fracture stimulation.

All being well we will know before the end of September.

[pro_s2009] 14/9/2019 04:06

Hope everyone enjoyed reading the below. Shows at this stage that MATD are ahead of SOCO in what SOCO found - and all the SOCO wells that had oil shows went on to be producing wells, which became the current PetroChina producing field.

Strangely when SOCO said they had oil shows, were bringing in a test rig to flow test (as you damage formation doing it after drilling with standard rig), and then had to perform fracture stimulation to get flows.......their share price did not fall.

The interesting thing here is going to be, can MATD get good commercial flow rates without the fracture stimulation ? Given the reservoir is better quality.

The market currently is pricing in that the Heron-1 well will not flow - its a duster. However, that is very very far from the truth and just down to basic stupidity (and perhaps a little bit of trust issues given the past management and DT drills).....ok.....more the trust....... :)


Pro_S2009 13 Sep '19 - 13:40 - 3507 of 3515

At this juncture, if I compare what SOCO had in Mongolia (SOCO sold the producing field to PetroChina who currently own it) - it seems we have better reservoir than SOCO found.

Heron-1 has found more gross potential oil pay/net oil pay than a lot of the SOCO producing wells found.

Read through the SOCO news releases......and expect similar from MATD in the coming months and years as they take Block XX into becoming the next producing field in Mongolia with the Heron discovery.












Enjoy.......given what SOCO found, what MATD have found with Heron-1 - its looking very rosy for Heron !!!!!!

[pro_s2009] 14/9/2019 04:00

The above refers to I3E........not to MATD.

I3E commence drilling on their second well next week, they are currently collecting data on their duster.


:)

[gaffer73] 13/9/2019 20:28

In a couple of weeks I would think. Collecting data on the duster then off to the next one.

[matunde24] 13/9/2019 20:26

When are the next drills?

[gaffer73] 13/9/2019 16:29

Be fine when they hit oil on the next drill

[mb_2] 13/9/2019 15:52

I’ve opened a position in i3e today. I think it’s been oversold personally. There’s no way the share price will remain this low with 2 big drills coming up. Having said that, the management have lost a lot of credibility with that last drill.

[matunde24] 13/9/2019 15:26

Whats your views in i3e...in massive loss im afraid...

[pro_s2009] 13/9/2019 13:40

At this juncture, if I compare what SOCO had in Mongolia (SOCO sold the producing field to PetroChina who currently own it) - it seems we have better reservoir than SOCO found.

Heron-1 has found more gross potential oil pay/net oil pay than a lot of the SOCO producing wells found.

Read through the SOCO news releases......and expect similar from MATD in the coming months and years as they take Block XX into becoming the next producing field in Mongolia with the Heron discovery.












Enjoy.......given what SOCO found, what MATD have found with Heron-1 - its looking very rosy for Heron !!!!!!

[pro_s2009] 13/9/2019 13:03

Lots of news to come.

Heron-1 flow test results should be before end of September.

Red Deer-1 drilling results next week.

Red Deer-1 flow test (if oil found) likely mid October.

Gazelle-1 spud before end of September

Gazelle-1 drill results before end of October.

[matunde24] 13/9/2019 12:59

So when are we actually expecting news hence rise in share price . Been holding for ages

[pro_s2009] 13/9/2019 12:53

Mike says that in his 12th Sept interview:




.

[cashandcard] 13/9/2019 12:52

2Solaris,


There are surveys done to detect oil seepages on surface. Some are big and obvious (ala Iraq, Central Asia). Others are more difficult to detect. Very important as it derisks and enhances the understanding of the subsurface. I'm not sure if they did such surveys here. Some companies drill shallow boreholes for data. Others have been known to rely on local data, like accidental oil encounters, for example some water wells in Kurdistan returning oil with water from depth.


Cash

[pro_s2009] 13/9/2019 12:49

Red Deer-1 offers so much upside simply because its a Basin Opening drill. If the Basin has oil........in that new Basin is around 600 MMBO recoverable of leads and prospects.

When you own 100% of 600 MMBO recoverable potential, your share price will get a tad excited. Just got to hope that Red Deer-1 has some oil in it.

They should be in the target zone now....... Mike said drilling and logging will be complete by around the middle of Sept and news sometime next week.

[2solaris] 13/9/2019 12:47

So do they go looking for these oil seeps, is it actual oil coming out of the rocks and is that perhaps why they drilled a borehole?

Looking good today,

[pro_s2009] 13/9/2019 12:44

Luckyvince, those are risked values.

When you strike oil......the risk goes, the values go upwards.

Short term will be held back as each and every strike has to be separately flow tested, but then as flow test is done and if good......the more value added........the stronger it rises and the risked values rise as the risk discount reduces.