Petro Matad Share Discussion Threads

[baz33] 13/11/2019 16:42

Disaster!!!!

[ken chung] 13/11/2019 15:43

2p soon.Lemmings and mushrooms only.

[big brother8] 13/11/2019 15:13

BROKEN LIKE I DID JACKOFF MA'S AHOLE.

SHE LOVED IT.

[m5] 13/11/2019 09:56

Was tempted to buy the other day with the presentations coming up and the price having dropped. Must admit glad I didn't. I think the price will drift now down to recent lows where I may have a look then. Disappointing.

[2solaris] 13/11/2019 09:31

I see ECO is another casualty today as the truth outs.

[2solaris] 13/11/2019 09:04

I put most of my shares here into POLY which is in the ftse100 and seems a lot safer if there is a downturn in the world economy as predicted next year. Good dividend, loads of gold and the CEO is even talking of a special divi.


An article in the Motley Fool here:

[bungeetrader] 13/11/2019 09:01

Wow, this is disappointing. At least the oil ain't going away so will recover eventually but will be into next year now I think. News will change that I guess but it's going to be a bit of a long haul now.

[pro_s2009] 13/11/2019 08:51

Mike might get lynched when he goes back to Mongolia, they are going to say you went to London to do some PR and you trashed the share price.........

Demoted to Yak herder, last we will see of him.......


LOL :)

[soulsauce] 13/11/2019 08:44

Back into the 3's, what an absolute dog.

[taxibabe] 13/11/2019 08:42

yeah well it's broken through the lows

[pro_s2009] 13/11/2019 08:40

Yes, I always have a core holding. But I also might have a trading holding which is bought and sold as we go along, which averages down the core holding price with retained profits.

[partner] 13/11/2019 08:38

PRO have followed your observations and thoughts here , can i ask ,i recall you saying you had been buying large quantities after the recent bad news , have you been trading along the way in this stock ?.

[ken chung] 13/11/2019 08:37

2p soon.That's your money disappearing.Lemmings and mushrooms only.

[pro_s2009] 13/11/2019 08:17

Oil is under pressure, will be until the OPEC summit is done early December.

Winter, oil demand up, new OPEC cuts, oilers will be back in fashion Jan/Feb.

[2solaris] 13/11/2019 08:15

Why show the worst case scenario with explaining it's the worst case scenario? I know he is a genuine person but I have said before he not a good communicator and he's done it again!
At least I don't mind if this goes down as I can pick up some cheap ones at some stage. Aim is going out of fashion very quickly.

[pro_s2009] 13/11/2019 08:08

But I would not disagree with you, likely price drift now pending his updates when they come.

[pro_s2009] 13/11/2019 08:07

He is still trying to do that, as early as possible. The presentation simply shows his worst case scenario, in that its July 2020.

Cannot knock him, he is a genuine character. He said the reason the price is where it is is due to Gazelle results not being what they hoped and a insti's sold off fearing Heron flow tests would fail.

So the positive Heron news got a very flat response. Anyway, he is going to ensure lots of comms going forward.

[2solaris] 13/11/2019 08:03

They have changed their tune somewhat as MB originally said he thought they may be able to start selling oil this year or early 2020 so the presentation was a surprise to the downside for me.

[pro_s2009] 13/11/2019 07:46

He stuck with the July 2020 as basically they tend to expect governmental delays rightly or wrongly, but it could be sooner. Mike is being careful not to get peoples hopes up and then let them down, better only surprise to the upside. Plan late, deliver early.

They in discussions with partners over new licenses areas, Block V and of course Block XX - so there could be news on them in the coming weeks or months - certainly Mike said he will be giving regular updates over the winter on progress and talks and deals - so as there is not a drought of news whilst not drilling.

[2solaris] 13/11/2019 07:42

Did he mention when they may start selling oil or do we assume it is July 2020 as per presentation. I would have thought this is crucial for any loan so they can prove they can pay it back.
I think the share price will drift over the winter until there is something very positive to come from the company and like grannyboy I have de-risked considerably.

[pro_s2009] 13/11/2019 07:17

The LSE event video will be made available, when it is I will post it here.

Mike said he will try his utmost to enhance shareholder value (no placing due) and is talking with banks for loans, talking to distributors to look into up front payments, looking at mini-refinery at location with Petrovis, is talking to PetroChina and others about farm ins...... basically he accepts the share price is way too low now for what they have and will do his best to ensure there is not any further dilution down at these levels.

All in all, quite positive.

[grannyboy] 12/11/2019 18:11

I take it no one went to the presentation , or nothing much came out ...

Glad my holding is now a free ride resulting from earlier sales ... Because it just feels like another wasted year, and think it's going to be a stark winter on the news front.

[trulyscrumptious] 12/11/2019 11:30

I see on page 16 of the presentation that all the forms etc for exploitation are likely to take longer than at first thought. MB said he thought there was a possibility of selling oil at the end of 2019 or early 2020 but now it looks as though July 2020 is more realistic. Perhaps he will throw more light on this as well as the appraisal wells that have been included on the same page.