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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 1.37% 3.70 891,931 10:43:13
Bid Price Offer Price High Price Low Price Open Price
3.60 3.80 3.70 3.50 3.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.58 -12.69 -1.89 253
Last Trade Time Trade Type Trade Size Trade Price Currency
15:47:16 O 50,000 3.73 GBX

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Petro Matad (MATD) Discussions and Chat

Petro Matad (MATD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:47:173.7350,0001,865.00O
15:46:403.60321,61411,578.10O
14:22:363.6010,000360.00O
14:21:143.602,05273.87O
13:36:203.7429,9601,120.50O
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Petro Matad (MATD) Top Chat Posts

DateSubject
15/1/2021
08:20
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 3.65p.
Petro Matad Limited has a 4 week average price of 2.73p and a 12 week average price of 2.25p.
The 1 year high share price is 4.50p while the 1 year low share price is currently 1.85p.
There are currently 6,841,422,306 shares in issue and the average daily traded volume is 2,285,109 shares. The market capitalisation of Petro Matad Limited is £253,132,625.32.
30/12/2020
08:20
pro_s2009: Price moving up.........placing going to happen soon ? They certainly need the funds given Heron is so delayed now.
09/11/2020
15:47
nash81: oil rising up. time to buy MATD
08/11/2020
05:35
pro_s2009: Market cap value of companies in similar situations (big explo but not super flush with cash). Those with a * are fully cash funded for their upcoming drill/s. BPC 113m *ECO 34m 88E 33m EME 20m MATD 17m *PRD 8m
28/9/2020
20:56
pro_s2009: They need money, thats for sure. Exploitation license is the key event.......get that and then they can farm out or raise money. Farm out would add value........equity fund raise would obviously see the share price down. I think they will go for an equity fund raise, the directors purchased at 10p in the last placing and will want, imo, a chance to buy cheap and average down. So I expect a large placing at some point with a low price.
02/6/2020
11:58
phoebusav: Pro, normally I would agree, but MATD has an uncanny knack of ramping the share price much higher and then doing a placing at much higher levels than the rally started at. I have a feeling we'll see the same this time around. Licence issue provides the lure. Shares move to 4-6p range then place in 3.5-4.5p range for example. When this starts to move up it happens very quickly and goes a long way without retrace.
30/10/2019
00:30
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
26/10/2019
21:18
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.......
24/10/2019
11:42
pro_s2009: Got to sit back, relax and wait. News flow ahead is significant. Heron size upgrade. Gazelle post well evaluation news and upsides for Block XX strat trap plays Block XX new leads and prospects based on all 2019 drilling results. Farm out discussions later. As crazy as it sounds, when MATD farm out 50% of Heron you should see the price double. EG 18p of value based on 25MMBO but being valued at 25% due to capex needed for development wells. Secure farm out and development costs, then the remaining 50% can be valued properly..... eg 9p So 100% of 50% is better than 25% of 100% valuation :) Lots of news ahead, lots of value to out, lots of upgrades - Rome was not built in a day and share prices dont go straight up (and if they do, they often fall back down again). Share price rises need churn and consolidation, old sellers and new buyers, up and consolidate and then up again and consolidate etc..... Share prices are short term like voting machines and long term valuation machines. Value will always out in the end. End of sermon........ LOL :)
17/10/2019
07:13
s1zematters: Clearly one of pro-nouce many fake accounts on advfn, again the tell tale sign is just how unbelievably pathetic it is. Steephill Cove 17 Oct '19 - 08:01 - 3857 of 3858 0 0 0 The city have been waiting for Heron results first. But MATD have released Gazelle first & then Heron will come later. The city will realise they have a buying opportunity & drop the MATD share price to give themselves a big buying opportunity pre Heron. Steephill Cove 17 Oct '19 - 08:02 - 3858 of 3858 0 0 0 Very good time for PIs to top up.
17/10/2019
07:01
steephill cove: The city have been waiting for Heron results first. But MATD have released Gazelle first & then Heron will come later. The city will realise they have a buying opportunity & drop the MATD share price to give themselves a big buying opportunity pre Heron.
Petro Matad share price data is direct from the London Stock Exchange
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