Petro Matad Share Discussion Threads

[2 solaris] 12/4/2023 08:49

Great post from D1nger on the other board.

CapexToday 00:35
Mr Positive posted an excerpt earlier today that Matd believes should Velociraptor be successful they will be able to produce 90k barrels per day by 2028 with a CAPEX of $5 per barrel. That is absolutely insane. $5 per barrel? Wow!

I’ve always loved fantasising about what could be and this had me wondering all day about what this means to those of us willing to see things through.

If, and it’s a big IF, that happens then Matd would make $1.8 billion a year profit before tax at $60 per barrel. If Matd awarded 10% to shareholders as dividends then that would be equivalent to 18p per share.

Then I imagine what if the price of oil was $100 per barrel? Well it would be $3.1 billion per year profit or 31p per share dividend.

That is just Velociraptor if successful. Fox would provide the same again if successful. So would Phoenix.

Heron is just under one third the size of Velociraptor but it also has the potential to provide dividend generating profits and that is the significance of the granting of the LP.

So if Velociraptor, Fox and Phoenix are all successful and each of them produce 90k barrels of oil per day then this company can realise a profit of over $5.4 billion a year before tax.

We currently have an mcap that reached $50m today. In 4 or 5 years time our annual profit could be 100 times our current mcap.

Then we have our renewable energy project to think about and the other targets.

It’s scary but it’s worth thinking about if you are considering selling below 10p per share.

Might not sleep tonight lol.

[2 solaris] 12/4/2023 08:17

Another great start to the day while we await news on two fronts, Heron and Velociraptor.

[telbap] 12/4/2023 00:34

Well, certainly better than SVB;)

[pr0t0n] 11/4/2023 15:09

First time for everything,
brake the ice and all that.
Gl¦!

[chesty1] 11/4/2023 13:52

p&d or news....hhhhhmmmm MATD has never delivered before is this the time...or a pure spike

good luck folks.

[pr0t0n] 11/4/2023 13:43

End of the Tax Year....
New Tax year and all that and as I said ...patience.
Years ago I was in Salamander, M.Buck was a COO .
That was the last time I made money in oil company...and that was way, way back.

[2 solaris] 11/4/2023 13:37

Not quite true mam fach. They did find oil, it's just been a remarkably slow process to get it into production.

[2 solaris] 11/4/2023 13:35

An even better start now! Velociraptor not far off now.

[mam fach] 11/4/2023 13:29

MATD to date has never failed to disappoint .
Hope this time company succeeds.

[pr0t0n] 11/4/2023 13:20

One step at the time.
There has been lots of false dawns last few years...
Ok, corona related but we need to be patient.
LP should be incoming soon.
Then the big one.. Velociraptor.

[zooman] 11/4/2023 12:59

If we see the two RNSs out together maybe even near the twenties with luck?.Zoo

[2 solaris] 11/4/2023 11:01

Another great start to the week. Good at PRD as well. Thank goodness, as my ZPHR are taking more steps backwards.

[pr0t0n] 11/4/2023 10:48

Anticipation ..when LP is granted we should see double figures.

[zooman] 11/4/2023 10:11

News leaking or just anticipation?

[jungmana] 04/4/2023 12:18

What price by June Velociraptor spud with the long awaited LP granted before that ? My guess 8p+"The Velociraptor 1 well is scheduled to spud in June 2023 as soon as the rig is released from its current programme."

[man1] 04/4/2023 12:08

Yep starting to look good . Land access and cud have mutli news events at once ..

[2 solaris] 04/4/2023 11:22

Another blue day from the rising star of Mongolia!

[jungmana] 03/4/2023 07:49

All going well and should be an exciting summer here.

[pr0t0n] 03/4/2023 07:06

Petro Matad (AIM: MATD), the AIM quoted Mongolian oil company, provides the following operational update.

Key Company Updates

· The Velociraptor 1 well is scheduled to spud in June 2023 as soon as the rig is released from its current programme.

· Documentation to certify the Block XX Exploitation Area as special purpose land is being prepared by the Ministry of Mining and Heavy Industry for submission to cabinet for approval.

· Negotiations between Petro Matad and the government for a new block in Mongolia's 2023 Exploration Tender Round have commenced.

[pr0t0n] 03/4/2023 06:38

Oil prices surge as Saudis slash production