Petro Matad Limited

-0.175 (-4.24%)
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
  -0.175 -4.24% 3.95 3,958,193 16:08:21
Bid Price Offer Price High Price Low Price Open Price
3.90 4.00 4.325 3.95 4.125
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil And Gas Field Expl Svcs 0.05 -2.12 -0.20 - 35.50
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:29 O 450,000 4.01 GBX

Petro Matad (MATD) Latest News

Petro Matad (MATD) Discussions and Chat

Petro Matad (MATD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 15:37:304.01450,00018,045.00O
2023-06-08 15:29:333.97118,5374,699.99O
2023-06-08 15:28:133.9510,000395.00O
2023-06-08 15:28:063.9553,3112,105.78O
2023-06-08 15:23:003.97100,0003,965.00O

Petro Matad (MATD) Top Chat Posts

Top Posts
Posted at 07/6/2023 09:17 by fillipe
MATD slowly drifting lower. Concerns regarding the LP issues maybe casting a shadow there.


Posted at 04/6/2023 12:01 by pro_s2009

Sunday Blog, 4 June 2023


Oilman Jim 4 Jun 2023

Catching up on the last couple of weeks and starting with the drilling news, Predator Oil & Gas (PRD) announced on Friday that the Star Valley Rig 101 would commence drilling the MOU-3 well within ..............................

Posted at 03/6/2023 19:07 by nash81
i think some have sold their MATD and slowly moving to BCE.
BCE only 10m mcap and drilling this month. may get news on mobilisation next week.

Once BCE rerates, can come back to MATD next month or so

Posted at 12/4/2023 08:49 by 2 solaris
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.

Posted at 03/3/2023 10:11 by 2 solaris
From the other board.

'#MATD -Progressive have released their latest research note - valuation they put on PM was 29p - now it is 58.7p !!'


'Our RENAV (Risked Exploration Net Asset Value) is increased to 58.7p/share, which represents
a 100% increase on our previous RENAV of 29.0p/share, set in January 2022 (see our note). This
is driven by Velociraptor, which is due to be drilled in Q2 2023 and, at 200 mmbbl of prospective
recoverable resources, represents a significant increase in the risked exploration element of
the valuation. Success or failure here will have a marked impact on our RENAV. Stripping out
the Velociraptor prospect, the RENAV would be 26.7p/share, up from 25.2p/share. This
increase is predominantly due to an increase in the long-term oil price after the recent rally in
commodity prices and the change in Sterling relative to the US dollar, which will give a
translational boost to UK shareholders. This offsets the greater risk in Heron and the higher
number of shares (see pages 9 & 10 for detailed valuation and disclaimer).'


Posted at 11/2/2023 17:08 by mr royle
Hopefully we get an RNS next week before the AGM.
News of the LP being granted would surely see the share price get into double figures.
GLA to all fellow LTH and new Matad share holders.
Let's hope 2023 is the year of the Matador!

Posted at 26/1/2023 14:58 by zooman
This is a good read by Positivevbes on LSE regarding MATD..Zoo.Velociraptor, LP, DQE & Fully Funded!Today 12:46.Many of us are comfortably holding and not really that concerned about daily price moves.News could come any day now and likely will.The Land Permit is obviously the big one. Both MB and the Ambassador have confirmed the GoM are on board and want to get it done.The Mining Minister has confirmed the same and Jimi's news link yesterday emphasises that, threatening legal action for anyone obstructing such processes.The GoM have put in place a framework where dissent or interference by parties such as the eco protestor, will be clamped down on.Remember, we have the proven oil asset which mitigates risk going forward and with its inherent massive impact on the share price once released.Talk of a Placing to fully develop the multiple wells on Heron and as an impediment to investing at this stage is naive.Quite apart from the very real likelihood of DQE partnering the LP would massively & immediately re-rate the share price The company commences its move into a revenue generation stage so forget any mkt cap / share price even close to the current.As it is MATD are fully funded for near term operational activities and a very comfortable cash position covering working capital requirements.Beyond the LP we have the fully funded fully permitted Velociraptor drill fast approaching which should focus shareholder interest & share price buoyancy.Apart from all that we have the current round of highly prospective licences to be announced imminently and regardless of the GoM specific date for that having slipped. I don't think a week or two in GoM scheduling is a big deal. It's just the way it is.The few riff raff who operate on these BBs isn't surprising. They're usually ill informed individuals relying o personal attacks and meaningless one liners.I prefer to focus on the multiple news releases we can expect & the solid asset we have mitigating any risk.The phenomenal upside is worth any wait now & why I don't feel any need to post.Only a fool would be out of MATD at this highly important moment imho but many of the nay sayers know that and have their own agendas I'm sure ;)Land Permit, Velociraptor, DQE, New Licenses & Fully Funded etc just as the header states
Posted at 07/1/2023 12:25 by fillipe
I'm currently reading of a target price for MATD of just under 16p.

Am surprised to not be seeing more posts for this company, given the wider postings elsewhere regarding Petro Matad. The latter would appear to be a result of the recently strong upward share price movements and anticipated forthcoming news.

Good wishes for solid successes in the New Year.


Posted at 13/5/2021 13:36 by steephill cove
MATD was an explorer, Heron 1 well has changed everything. With licence approval it will become a Producer/Explorer.

When it was just an explorer the MATD share price was as high as circa 2 pounds & 10p per share.

MATD is clearly undervalued with production approval imminent & an
SP of just 7.8p :-)

Posted at 13/5/2021 12:29 by steephill cove
MATD was an explorer, Heron 1 well has changed everything. With licence approval it will become a Producer/Explorer.

When it was just an explorer the MATD share price was as high as circa 2 pounds & 10p per share.

MATD is clearly undervalued with production approval imminent & an share price of just 7.75p :-)

Petro Matad share price data is direct from the London Stock Exchange
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