Petro Matad Share Discussion Threads

[kimchi1] 10/2/2023 14:43

3rd batch added today at 3.1p
2nd batch 2.9p
1st batch 2.65p

Averaging up as the price recovers - works better than averaging down.

[steephill cove] 10/2/2023 08:39

With that number there is bound to be a nailed on consolidation further on down the tracks, pushing the share price into the pounds bracket, with production & another potentially bigger find on energy thirsty Chinas border. Good luck all LTHs.

[pr0t0n] 09/2/2023 13:24

Shares in issue just over 1.1 billion.. Free float about 900 million shares now after the latest F/R, retails included.
Petrovis holds 222 million.

[mr royle] 08/2/2023 23:38

Hopefully so Neo ....
Been on board with MATD since 2019, so it's been a long wait.
Fingers crossed we don't have much longer to wait now.
If we get the LP soon and the new drill is successful as well then the sky is the limit for this share.

[neo26] 08/2/2023 23:13

Buck did say they are lobbying ministers, the minister said back in oct that within 1-3 months matd will get permit we are month 4, so its imminent..

[mr royle] 08/2/2023 22:51

Price will continue to go up towards drilling but I would love that LP to be granted soon as it would calm everyone's nerves down and make the future of the company look at a lot more solid. Hopefully another decent blue finish again tomorrow.
GLA

[zooman] 08/2/2023 17:28

I suspect all of this has been orchestrated. Raise more cash in the knowledge that the LP has / is being granted but not confirmed yet in writing . I wouldn't be surprised if we hear very soon the LP is sorted and a nice juicy rise in the share price .Happy days..Zoo

[1bonanza] 08/2/2023 17:09

Took a nice chunk at 3 GLAH

[2 solaris] 08/2/2023 15:17

It has already started!

[2 solaris] 08/2/2023 12:28

This is a no brainer at the moment as it will rise and rise towards drilling, very satisfying to own these!

[neo26] 08/2/2023 12:25

Just get rig agreed we on to racers..

[jungmana] 08/2/2023 12:21

Yes it does mate with the big drill coming up. My guess is spud April/May. And Heron production start up too;Mike Buck, CEO of Petro Matad, said:"This capital raise will allow Petro Matad to move ahead on three fronts in addition to the development of the Heron discovery where we are already fully funded to production start-up which is targeted for this year. The proceeds will enable us to test the low-cost, high impact Velociraptor exploration prospect where success would be transformational for both the Company and Mongolia. We have identified a cost-effective drilling solution for Velociraptor with equipment already in country and the necessary contractual approvals in place.

[neo26] 08/2/2023 11:52

Matd does look interesting again, Jung..

[jungmana] 08/2/2023 09:38

Presentation from December , a good listen especially from 1 hour 50 mins regarding the upcoming raptor drill.Matd starts from 1 hour 33 nins:hTTps://youtu.be/sAHnEYMgukk

[shafaq] 08/2/2023 09:20

Velociraptor is a potential 200mbo recoverable with possible upside to 380mbo.Heron is only circa 33mbo to 60mbo recoverable so 3 or 4 times bigger.

[its the oxman] 08/2/2023 09:08

Gonna be some churn here now of the new shares. Once short term sellers have had their way it's onward and upward.

[jungmana] 08/2/2023 08:15

We should get a timeline for drilling soon;" We have identified a cost-effective drilling solution for Velociraptor with equipment already in country and the necessary contractual approvals in place."

[here and there] 08/2/2023 07:39

I did a call with the company during their placing roadshow . I then had a follow call with an O&G analyst who I've known and shared thoughts with for years. He described Velociraptor as the 'biggest net well in 2023 in the UK' meaning, the scale of the prize relative to the MC of the company.

[kimchi1] 07/2/2023 10:46

2nd batch added at 2.9p
1st batch 2.65p

Averaging up as the price recovers - works better than averaging down.

[zooman] 06/2/2023 12:10

Tel, welcome onboard the good ship MATD it's a gamble but has a lot of upside. .Good luck with your investment the next few weeks should paint the future picture..Zoo

[telbap] 06/2/2023 10:56

Morning Proton :)Dipped a toe in today.

[2 solaris] 06/2/2023 08:58

It's time they did an update to that document as it's a year old. But the prize is still good. As I recall the drilling window is quite small in Mongolia so we may hear news on that front regarding the Velociraptor drill as it seems they have the permissions in place.

'Our RENAV (Risked Exploration Net Asset Value) is increased to 29.0p/share, which represents
a 29% increase in our previous RENAV of 22.5p/share.'

Edit. From 03/02/2023.
"This capital raise will allow Petro Matad to move ahead on three fronts in addition to the development of the Heron discovery where we are already fully funded to production start-up which is targeted for this year. The proceeds will enable us to test the low-cost, high impact Velociraptor exploration prospect where success would be transformational for both the Company and Mongolia. We have identified a cost-effective drilling solution for Velociraptor with equipment already in country and the necessary contractual approvals in place."

[kimchi1] 03/2/2023 21:53

Cheers - got first batch at 2.65p today