Petro Matad Share Discussion Threads

[11_percent] 18/1/2022 09:34

Hi guys,

Does anyone know why it will take 10 years to get Heron up to full production.

Looking at the maps of the field and block to the North which is already producing......there seems to be a large number of wells all over the place.

Are we going to need a large number of wells to Heron up to full production.

Cheers.

[1bonanza] 18/1/2022 09:21

Run baby run !

[1bonanza] 17/1/2022 09:12

Break 4?today

[the_gold_mine] 17/1/2022 08:07

Bought in for 300,000 shares this morning, looks to be the right time to buy-in. Funding in place to bring production on-stream and near term catalysts coming up over the next year or two. What's not to like? Now it's all about the delivery.

Good luck all holders.

[1bonanza] 14/1/2022 09:51

Profit taking, needs to stay above 35

[jungmana] 13/1/2022 12:57

I hope so. Still hold a small 200k shares here.

[neo26] 13/1/2022 12:50

JungI think 6p will be breached before then as rig contracts come in.Low cost oil production..

[avsome1968] 13/1/2022 11:35

Think they will be a decent delayed buy this evening or first thing tomorrow because theirs been a few decent sells that's not been reported yet.

[jungmana] 13/1/2022 11:35

Well I took a few off the table about 3.8p to add to my char holding. Been a good 3 weeks ride from 2.8p. Still hold some as I see this at 6p+ by Q2

[shafaq] 13/1/2022 10:34

Possible!! As could be very short sighted if they are taking profits from here.But with Heron discovery worth much more than previous NPV of $300m which was based on 50mmbo @$60 oil price.The upgrade to 60mmbo recovery and oil price now $85 that NPV is now over $500m.But here is the best bit Heron block could hold a further 200/300m+ barrels as east mongolia is awash of couple of billion barrels of unexplored oil.Add that either this season or next and matd is a company maker and a producer at very very low exploration and developement costs.Forget 10-12p start talking of double that.Aimho.

[avsome1968] 13/1/2022 09:04

Think they will be some resistance around 4p had a very good run from 2.6p profit takers will come eventually.

[avsome1968] 13/1/2022 09:02

They are holding back 2x 200k sells maybe a stake being built?

[neo26] 13/1/2022 08:57

One can assume news around corner

[jungmana] 13/1/2022 08:56

We may get 4p today. Looking strong

[avsome1968] 13/1/2022 08:48

flying now 3.8p paid still only 120k online so buyers still wanting in.

[avsome1968] 13/1/2022 08:40

Max online 120k gap up in chart (5.2p) could be filled lot sooner than I thought.

[andyview] 13/1/2022 08:22

Indeed, added a few more myself

Gla

[avsome1968] 13/1/2022 08:20

Solid buying again this morning.

[neo26] 12/1/2022 19:38

But this time the have the exploitation license and the have discovered 200mmbo oil field.Now its justified for share price to move up.

[coldjoe] 12/1/2022 18:49

This will rerate like it does every Q1, we are just around the placing price so the party is just getting started, also Brent at $85 now, every $10 change in oil is 40% change to Heron’s NPV!!!!

[mam fach] 12/1/2022 15:45

Hope you are not wishing for another 'placing'.
Always the death knell of this type of share.
But we did get to participate.
Only thing is perhaps no one wanted to buy them?

[spectoacc] 12/1/2022 15:41

Just don't mix up those two words "placing" and "recovery"...

[mam fach] 12/1/2022 15:40

Nice to be above placing price.
Recovery looks imminent.
GLA

[avsome1968] 11/1/2022 13:53

Looking good for a strong finish and finish above 3.5p