Petro Matad Share Discussion Threads

[steephill cove] 13/5/2021 13:36

MATD was an explorer, Heron 1 well has changed everything. With licence approval it will become a Producer/Explorer.

When it was just an explorer the MATD share price was as high as circa 2 pounds & 10p per share.

MATD is clearly undervalued with production approval imminent & an
SP of just 7.8p :-)

[steephill cove] 13/5/2021 13:34

georgie pie you are incorrect & I have now filtered you, as you are clearly trying to deramp & bury key positive MATD posts.

[georgie pie] 13/5/2021 13:31

There is no way on God's green earth this is overvalued, its more like half the value it should be right now considering where we are an what's in front of us. It may well get to £500m if we get lucky in a few months from now.

[steephill cove] 13/5/2021 12:55

Rayfenn you are incorrect & I have now filtered you, as you are clearly trying to deramp & bury key positive MATD posts.

The market cap is just over 53 million & Heron-1 freely flowed at 821 BOPD of 46 degree light oil, without any artificial lift or fracking, it could easily outstrip that figure & double it with ESPs...

MATD will be printing money with the oil barrel price at mid $60s per barrel.

MATD is clearly undervalued ;-)

[pro_s2009] 13/5/2021 12:49

Or try :



.

[pro_s2009] 13/5/2021 12:48

Try :





.

[steephill cove] 13/5/2021 12:48

Rayfenn you are incorrect. The market cap is just over 53 million & Heron-1 freely flowed at 821 BOPD of 46 degree light oil, without any artificial lift or fracking, it could easily outstrip that figure & double it with ESPs...

MATD will be printing money with the oil barrel price at mid $60s per barrel.

MATD is clearly undervalued ;-)

[rayfenn] 13/5/2021 12:47

Fundamental Data
Name Petro Matad Limited Sector OIL & GAS PRODUCERS
Mkt.Sector AMQ1 Mkt.Segment ASQ1 Turnover 0.58 Profit -12.69
Norm EPS -1.89 PE Ratio - Market cap 530 NMS -

[rayfenn] 13/5/2021 12:47

If advfn say market cap £500 milion I would have thought that would be correct.

This is where I started my basic research.

Blame advfn not me.

[steephill cove] 13/5/2021 12:45

Rayfenn you are incorrect. The market cap is just over 53 million & Heron-1 freely flowed at 821 BOPD of 46 degree light oil, without any artificial lift or fracking, it could easily outstrip that figure & double it with ESPs...

MATD will be printing money with the oil barrel price at mid $60s per barrel.

MATD is clearly undervalued ;-)

[pro_s2009] 13/5/2021 12:42

So therefore rayfenn........you have not really done even the most BASIC of research have you ??

Simply looking at the shares in issue and multiplying by the share price gives the actual market cap.

[pro_s2009] 13/5/2021 12:41

Its not 500 million is it !!!!!!!!


Market cap £ 52.81m Shares issue 681.42m



There is an error on ADVFN and they have too many zeros...........market cap is 50M and not 500M.

[steephill cove] 13/5/2021 12:40

Rayfenn you are incorrect. The market cap is just over 53 million & Heron 1 freely flowed 821 BOPD without any lift or fracking, it could easily outstrip that figure & double it with ESPs...

MATD will be printing money with the oil barrel price at mid $60s per barrel.

MATD is clearly undervalued ;-)

[rayfenn] 13/5/2021 12:38

Based on reserve numbers can anyone give us some date to justify a market cap of £500 million+ ?

[steephill cove] 13/5/2021 12:29

MATD was an explorer, Heron 1 well has changed everything. With licence approval it will become a Producer/Explorer.

When it was just an explorer the MATD share price was as high as circa 2 pounds & 10p per share.

MATD is clearly undervalued with production approval imminent & an share price of just 7.75p :-)

[rayfenn] 13/5/2021 12:17

Am I allowed to say I think the shares are now overvalued without being moderated ?

Or do we all have to agree the shares are undervalued ?

[steephill cove] 13/5/2021 11:02

MATD will clearly deliver on their promise to obtain the full Exploration Licence Approval before the end of Q2 with 34 working days left. PIs should await the imminent announcement & you would have to be mad to sell a single share right now.PIs should be loading up & taking a position, especially as MATD was circa 2 pounds & 10p a share a few years back. Cheap as chips now, with imminent licence & production due shortly. The only way is UP.See Facts 1 (Post #263) & 2 (Post #264) below ;-)PS:- The MATD well has been drilled & is ready to go into production ASAP. Ignore post #271 below as the poster is misleading by talking about a different company, with the ticker code SYME, which was being discussed by grannyboy in post #270 & has since been removed from this thread....Similar too from poster 911999 in post #275 who clearly has not read my earlier posts (Facts 1 & 2) or done his research by reading MATDs RNSs. If he had he would know about MATDs very close proximity to Petrochinas existing resources & of their willingness to assist MATD with their free flowing Heron-1 well producing 46 degree light oil. The MATD Heron-1 drill, achieved one of the highest ever flow rates recorded in Mongolia, with 821 barrels of oil per day (bopd) produced during drill stem testing, which was achieved without the use of artificial lift or fracking...With modern extraction techniques (esps), I can easily see a much higher bopd & circa 60 million barrels recoverable...Oil from Heron 1 (literally within touching distance of Petrochinas infrastructure & they are happy to assist MATD as China is oil thirsty) will give MATD very quick cash flow.MATD will use this to press on pursuing & drilling the other great prospects (multi billion barrels) that they have identified in their other Mongolian blocks...of which, the Raptor prospect has a Company Maker potential.

[steephill cove] 13/5/2021 10:55

Nice cup & handle forming on the 3yr chart & it is clear to see why Zak Mir is saying MATDs share price is nailed on for 8.5p+ before the handle starts ;-)

[steephill cove] 13/5/2021 08:43

Nice cup & handle forming on the 3yr chart & it is clear to see why Zak Mir is saying MATDs share price is nailed on for 8.5p+ before the handle starts ;-)

[pro_s2009] 13/5/2021 08:04

Nice to see everyone who held their nerve from Heron testing now well into profit.

[steephill cove] 13/5/2021 08:02

MATD will clearly deliver on their promise to obtain the full Exploration Licence Approval before the end of Q2 with 34 working days left. PIs should await the imminent announcement & you would have to be mad to sell a single share right now.

PIs should be loading up & taking a position, especially as MATD was circa 2 pounds & 10p a share a few years back. Cheap as chips now, with imminent licence & production due shortly. The only way is UP.

See Facts 1 (Post #263) & 2 (Post #264) below ;-)

PS:- The MATD well has been drilled & is ready to go into production ASAP. Ignore post #271 below as the poster is misleading by talking about a different company, with the ticker code SYME, which was being discussed by grannyboy in post #270 & has since been removed from this thread....

Similar too from poster 911999 in post #275 who clearly has not read my earlier posts (Facts 1 & 2) or done his research by reading MATDs RNSs. If he had he would know about MATDs very close proximity to Petrochinas existing resources & of their willingness to assist MATD with their free flowing Heron-1 well producing 46 degree light oil. The MATD Heron-1 drill, achieved one of the highest ever flow rates recorded in Mongolia, with 821 barrels of oil per day (bopd) produced during drill stem testing, which was achieved without the use of artificial lift or fracking...

With modern extraction techniques (esps), I can easily see a much higher bopd & circa 60 million barrels recoverable...

Oil from Heron 1 (literally within touching distance of Petrochinas infrastructure & they are happy to assist MATD as China is oil thirsty) will give MATD very quick cash flow.

MATD will use this to press on pursuing & drilling the other great prospects (multi billion barrels) that they have identified in their other Mongolian blocks...of which, the Raptor prospect has a Company Maker potential.

[911999] 12/5/2021 20:53

It will take more years to drill more wells ! Mike buck having you over again , dream on 2022 .

[steephill cove] 12/5/2021 19:20

MATD will clearly deliver on their promise to obtain the full Exploration Licence Approval before the end of Q2 with 35 working days left. PIs should await the imminent announcement & you would have to be mad to sell a single share right now.

PIs should be loading up & taking a position, especially as MATD was circa 2 pounds & 10p a share a few years back. Cheap as chips now, with imminent licence & production due shortly. The only way is UP.

See Facts 1 (Post #263) & 2 (Post #264) below ;-)

PS:- The MATD well has been drilled & is ready to go into production ASAP. Ignore post #271 below as the poster is misleading by talking about a different company, with the ticker code SYME, which was being discussed by grannyboy in post #270 & has since been removed from this thread....

Similar too from poster 911999 in post #275 who clearly has not read my earlier posts (Facts 1 & 2) or done his research by reading MATDs RNSs. If he had he would know about MATDs very close proximity to Petrochinas existing resources & of their willingness to assist MATD with their free flowing Heron-1 well producing 46 degree light oil. The MATD Heron-1 drill, achieved one of the highest ever flow rates recorded in Mongolia, with 821 barrels of oil per day (bopd) produced during drill stem testing, which was achieved without the use of artificial lift or fracking...

With modern extraction techniques (esps), I can easily see a much higher bopd & circa 60 million barrels recoverable...

Oil from Heron 1 (literally within touching distance of Petrochinas infrastructure & they are happy to assist MATD as China is oil thirsty) will give MATD very quick cash flow.

MATD will use this to press on pursuing & drilling the other great prospects (multi billion barrels) that they have identified in their other Mongolian blocks...of which, the Raptor prospect has a Company Maker potential.