Petro Matad Share Discussion Threads

[gaffer73] 26/10/2019 19:17

Mcap is 34m, how do you know how much each drill cost and what are the 5 wells?

[gosoftly7] 26/10/2019 19:13

Are those all the shares/ options etc?

[gosoftly7] 26/10/2019 19:12

Shares in issue = 662,196,306

[taxibabe] 26/10/2019 18:21

You know this is valued at 55 mi already right ?

[gaffer73] 26/10/2019 16:57

"On completion the Company will be fully funded to drill six wells in five risk independent basins, targeting c.850MMbo of prospective resources over the next 12 months"As far as I'm aware they have only drilled 3 wells since the above statement so there should be plenty of cash left at the moment.

[gosoftly7] 26/10/2019 16:44

Looking at the March Oil Presentation MB gave:

15 million barrels NPV 10 = $76 million - 50% $38 million
50 million barrels NPV 10 = $299 million - 50% $ 149.5 million

If Pro is anywhere near correct on the upside, this could be quite fun and at 5p still a long way to go.

Fingers crossed.

[mpls] 26/10/2019 14:53

No major placing on the cards.

The Company's cash balance at 30 June 2019 was USD 16.12 million
AGM new authority to allot Ordinary Shares up to an aggregate nominal amount of US$2,207,321.02

2Mill == less than 10% of Market cap ...

[mpls] 26/10/2019 14:52

News flow over the coming weeks into the new year:

Complete Heron-1 testing
AGM 19 November 2019
Further updates on Gazelle
Further updates on Heron
Complete the rapid reinterpretation of Block XX
News on planned 2020 drilling targeting a resource upgrade for Gazelle.

Plus potential news from else where.

[pro_s2009] 25/10/2019 23:20

Expected to see profit taking today after yesterdays rise and the ahead of the weekend.

I am not selling, there is significant upside and I am happy to wait for it patiently to come along.

[avsome1968] 25/10/2019 17:56

Sold out today pro best of luck guys have a lovely weekend, will be monitoring

[soulsauce] 25/10/2019 17:39

Thanks ducati let's hope we continue upward next week.

[ducatiman] 25/10/2019 17:28

Soul, not often a stock doesn't retrace the day after a 100% gain. Let's see where we are next Friday at close.

[soulsauce] 25/10/2019 16:38

Very disappointing today 🙄

[eagle52] 25/10/2019 16:25

get into PTAL quick before the bell. Going to rocket.

[ken chung] 25/10/2019 15:45

3p next week.

[wburton619] 25/10/2019 13:15

All buys now this has a long way to go up

[jammydodger1] 25/10/2019 13:04

News is now priced in I'm afraid for those who got in low now is the time to bail

[ken chung] 25/10/2019 11:54

3p by close.

[ken chung] 25/10/2019 11:53

3p by close.

[ken chung] 25/10/2019 11:43

Falling back now.

Did they ever get full ministerial permission for the drilliing?

Lemmngs and mushrooms only.