Share Name Share Symbol Market Type Share ISIN Share Description
Petro Matad Limited LSE:MATD London Ordinary Share IM00B292WR19 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05 -2.0% 2.45 180,278 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.30 2.60 2.45 2.45 2.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.58 -12.69 -1.89 17
Last Trade Time Trade Type Trade Size Trade Price Currency
10:17:06 O 21,835 2.4202 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-21 09:17:072.4221,835528.45O
2020-09-21 08:48:242.42123,9573,000.01O
2020-09-21 08:12:512.4224,486592.61O
2020-09-21 07:51:252.4210,000242.02O
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Petro Matad Daily Update: Petro Matad Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MATD. The last closing price for Petro Matad was 2.50p.
Petro Matad Limited has a 4 week average price of 2.35p and a 12 week average price of 2.35p.
The 1 year high share price is 6.40p while the 1 year low share price is currently 1.85p.
There are currently 678,105,306 shares in issue and the average daily traded volume is 794,837 shares. The market capitalisation of Petro Matad Limited is £16,613,580.
pro_s2009: Interesting post on LSE. Florida Premium Member Strong Buy Re: 26.4pTue 15:23 Too many people wasting far too much time arguing the toss with those with an opposing view, concentrate on the facts. Fact one - Company value Back in January when oil prices were much the same as they are today Mike Buck stated that a 15 million barrel strike would raise the market cap to £72m. That sets a share price of around 11p. On that basis, a 25 million barrel strike has a market cap of £125m, raising the share price to 18p. Now as we are going purely on basic facts we cannot assume that any of these figures are conservative, however, we can know for sure that we have as yet a tested and proven oil baring zone of 12 metres (DST2) and an untested oil baring zone of 70 metres (DST1), the latter of which could be artificially pumped to produce a commercial success. These zones are presently being analysed and results could be with us very soon. Fact two - Placing A Placing may be the simplest form of borrowing but the sacrifice of share value is sometimes too great, especially to a company in this position. Now, having reached commercial success with a successful strike in hand they are likely to be seen as a lesser risk by banks and financial institutions. As such, a draw down facility would be imv be a preferred option. That way the company is only devalued when the draw down is used. There intention would be to place six wells within 50 to 100 metres around Heron-1 in order to create the potential to produce 4,900 bpd. They can then run at that rate or choke back to 1,200 bpd to increase the total resource recovery, which in turn would lengthen the lifespan of the well and increase the total overall recoverable resource from 25mb (15%) to 41.25mb (25%), this in turn again increases the share price to 26.4p. Choking back increase the market capitalisation, not as otherwise stated. At £2m per well (Mike Bucks re-conning) they would need £12m to manifest the full recoverable value of six wells. A draw down is usually charged at around 7/9% interest and easily paid back within the first six months. If the wells are artificially pumped, these figures could be significantly enhanced. Fact three - commercial sell-ability Petrovis is by far the largest petro-chemical transporter and supplier in Mongolia and the CEO of Petrovis is Enkhmaa Davaanyam who is also Chairman of MATD and incidentally head of operations in Mongolia for Macquarie Capital financial advisers (very useful for a Draw Down). So we not only have direct and first hand communication with Mongolias largest transportation infrastructure, we also have first hand inroads to financial solutions. In terms of leverage, this must to some degree give Mike Buck an extreme negotiating advantage and to that extent successful negotiations with Petro China are merely a formality imv with a very nice surprise in the coming months. I know I'm gonna get verbally killed for saying this but I've read somewhere Davaanyam is or was also connected to Petro China but can't find the link
pro_s2009: Difficult to pinpoint it exactly how much cash they have. We can only go on forecasts. So if you add on the small extra cost from the delay at Heron and take off Velociraptor, they are funded to end 2020 and will have around 3M cash left end of 2020 based on Heron not flowing and no oil production. EG they can go all next year with zero revenue if they dont drill the Raptor. Now we know Heron is flowing and they will have production. They will have revenue and this now opens up the bank debt avenue to fund development. Lets not forget, the Directors ploughed loads of money in for shares at 10p - they will want to see a profit on that. Which is why the wildcatting is stopped now, focus is on Block XX, farm out, production, revenues coming in. Get the true value of Heron in the share price, the upsides of Gazelle, the upsides of Block XX. Screw the Raptors for now.......they are not a priority. Cash flow asap is, and farm out discussions. No need for a placing, which is of course upsetting those who desire and want to see MATD share price down and post as much lies as they can to try to get people to sell.......
pro_s2009: So what happens next ? IMO: Gazelle-1 spuds end of Sept. Heron-1 testing starts early October. Heron-1 exceeds expectations on flow rate. Heron-1 is far bigger than Pmean estimates thanks to the structure being higher up and also better porosity. Heron-1 could be up to 40 MMBO recoverable. Share price is around 9p levels. Gazelle-1 strikes oil and reservoir is better than expected. Share price over 10p levels. Heron at 40 MMBO is worth 32p a share, Petro China farm in to Heron by agreeing to fund a bucket load of development and appraisal wells in return for 50% share. Heron is then worth 16p a share to MATD but no development costs. Share price now around 12p to 14p..... Fund raising at 12p a share to drill the Raptors in 2020 and also some admin costs - MATD say this is the last one as now a production company and generating all their own cash from oil sales from Heron. And now its 2020......time to go off to the Raptors........
pro_s2009: Well said ducatiman. Does not matter if the price falls short term to 6p or up to 9p.......all the matters are the results of the wells. Red Deer-1 - if its a duster, so be it. If it strikes oil, then MATD have a bigger discovery (net to the company) than ECO have with Jethro. Heron-1 - If it strikes oil then MATD have a bigger discovery than ECO are trying to drill with Joe. The difference of having 100% of smaller sizes than just 15% of something bigger. Its all huff and puff and waffle now...........all the matters is drill results. ECO have been successful and their market cap for 37MMBO net of Jethro is nearly 300 million pounds. MATD are not successful and so market cap is 50 million pounds. If MATD strike oil - multi bagger........and if not.......hello lower share price :) Block XX South has prospects and leads of 600 MMBO recoverable, 100% owned by MATD. So if Red Deer-1 proves oil in Block XX South - then BOOM. In ECO terms.......600 MMBO recoverable 100% owned by MATD is the same as ECO drilling for 4 Billion recoverable barrels with 15% ownership. Hence.......ECO is a good comparison as to where MATD share price could be going, if they strike oil at Red Deer-1. However, its exploration and Red Deer-1 is more likely to be a DUSTER than a strike. Thats reality. However, with Heron-1 a very very high CoS appraisal, and it being worth 18p a basically get Red Deer-1 results for free and then wait for Heron-1 results. Only a muppet would sell Red Deer-1 news if bad as you just have to wait a week for Heron-1 news. I have a fund ready to buy Red Deer-1 bad news, if the share price falls below 5p - so I can make a big profit then on Heron-1 news. However, if Red Deer-1 news is not bad, my current large MATD holding is going to make a very big profit. Enjoy the ride !!!! ducatiman27 Aug '19 - 14:59 - 2971 of 2972 It really doesn't matter where we are currently. We will not be here in 2 weeks time that is for sure.
pro_s2009: Good luck under the radar. If Heron-1 does not strike oil then I will believe someone has cursed Petro Matad and they are doomed by voodoo. It has to be one of the most highly likely drills on AIM for an oil strike, so would be a real surprise if it fails. Currently the MATD share price is indeed saying it will fail, but thats life given last years wildcat wells.
top tips: Bought a few more. 75% Probability of Success on the next two wells, which are really appraisal wells in a producing basin, rather than risky exploration wells.MATD share price about to fly.
pro_s2009: Snow Leopard 1 is a very simple Tilted Normal Fault Block. This kind of play is very successful around the world. All it needs is the short amount of migration to have occurred. I think the most prolific of trapping styles to have oil in the North Sea is Tilted Normal Fault Blocks and so, not surprising BG technical team liked Snow Leopard. Its from 7 minutes in that he says the SL-1 is a favourite of BG. ( HTTP:// ) I dont think there is any question on the technical side with both SL-1 and WH-1 in blocks V and IV. BG farmed in, Super Majors are very interested. All it needs is 1 successful drilling result and then the big interest will fly in. Everyone will want to buy in as there are billions of barrels at play in Mongolia. BG loved Snow Leopard. Shell are excited over Wild Horse. The same will be with the MATD share price.........get it derisked with a good oil strike and you will see large institutional buying coming in the following months. Just need, as ever, to strike some oil in the first 2 drills to get things exciting.
pro_s2009: Well nicky if you take the wells planned for this year : 2018 Mid case - 100% owned Snow Leopard-1 90 MMBO circa 60p a share Wild Horse-1 480 MMBO circa 320p a share Gazelle 13 MMBO circa 8.5p a share Drill TBC - ??MMBO circa ?,? a share (tbc...will be in Block XX) 2019 Mid case - 100% owned Red Deer-1 48 MMBO circa 32p a share Fox-1 200MMB circa 132p a share Even is SL-1 fails and WH-1 fails..........then you have 2 very high COS drills that are worth 40p a share and the strongest of all the COS (in Gazelle) is worth the current share price on its own on success. So plenty of back up. And then, even if everything have Fox-1 well to be drilled based on, live oil shows from coring, excellent 3D seismic and the Fox-1 well in H1 2019 is worth 133 pence a share if it strikes on mid-case estimates. So there are plenty of back up all the way to mid next year. Nobody needs to panic sell on a duster, nobody needs to get stressed, just dont use spread bets or other short term leverage, simply buy shares, sit back, relax and enjoy the drilling as it happens. Even little high COS Gazelle this year, covers the whole MATD share price in case of a mid case oil strike.......... so lots of back up.
pro_s2009: Well, it has history. BG, who were not small fry, were very interested and indeed farmed in prior to any drilling. A lot of large companies will be very interested, all it needs is a good result and I think Mike Buck will have a queue of people wanting to talk to him. This is basin opening potential here, one strike and they will come running in for the chance of half a billion barrels of onshore cheap to produce and easy to sell for good money oil. Trouble is, we need the oil strike on either Block V or Block IV to really see a massive increase in the MATD share price. Ten bagger stuff if it comes off, and if it fails then there is back up of another 4 less risky but smaller drills to come after the first 2.
s1zematters: basem1 Cash is circa 3p a share and burning daily. The license is at this moment a liability until any oil discovery it's (matd share price) not cheap, you are paying 2.5x cash for a 28% chance of a Wildcat drilling strike. Expensive punt!!!! It may have been cheap at 7p this time last year before equity dilution of $35 million worth of shares were issued.
Petro Matad share price data is direct from the London Stock Exchange
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