Share Name Share Symbol Market Type Share ISIN Share Description
Petro Matad LSE:MATD London Ordinary Share IM00B292WR19 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20p -1.74% 11.30p 1,491,414 16:35:24
Bid Price Offer Price High Price Low Price Open Price
11.00p 11.30p 11.55p 11.15p 11.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 15.3 8.8 3.1 4.2 58.74

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Date Time Title Posts
20/4/201821:47MATD RISE OF THE PHOENIX4,483
03/4/201815:38The Resurrection Of MATD365
26/9/201714:42MR EVILS ADFVN UNITED DRIBBLERS THREAD3
23/1/201720:10Petro Matad7,108
02/11/201608:52Petro Matad (MATD) Shell is to pay Ј12m cash to disengage from its commitments224

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DateSubject
22/4/2018
09:20
Petro Matad Daily Update: Petro Matad is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MATD. The last closing price for Petro Matad was 11.50p.
Petro Matad has a 4 week average price of 10.35p and a 12 week average price of 6.88p.
The 1 year high share price is 33.63p while the 1 year low share price is currently 5.13p.
There are currently 519,845,881 shares in issue and the average daily traded volume is 1,895,242 shares. The market capitalisation of Petro Matad is £58,742,584.55.
05/4/2018
00:01
neo26: To the north its russia, to the south its china and to the west its Kazakhstan On block 4 and 5 only matd believe they have between 9bn to 23bn recoverable resource of oil.Share price only 12p.
05/3/2018
19:08
pauliewonder: Well that was a good day for MATD. Mini tree shake the other day has allowed new investors to get in. Great potential here and if there is a hint of oil with WH, we would be talking multiples of the current share price
05/3/2018
12:21
lw425: So in an attempt to understand the power of the imminent spudding of Wildhorse on the share price I've looked at the daily historical prices in 2010. MATD drilled on the 31st August 2010. Share price 157p. Two months before end June 2010. 42p A three bagger - 300% on the run up to spud. At the time 170m shares in issue so 150p = market cap of around 250m Currently say 500m shares in issue So on spud 50p is possible. Slash a huge 40% off and the spud target remains 30p. Needs to be 50p to compare with 2010 and taking into account the recent share issue. Anyone selling now is insane. i.m.o
05/3/2018
08:57
ssrover: Good post LW4253 Mar '18 - 11:47 - 4033 of 4044 0 3 0 So how high could the share price go? From the presentation: Blocks IV & V: High Impact Exploration 55 Prospects and Leads. Recoverable potential > 2Bbo * So 2billion barrels just on the first two blocks at $10 a barrel takeover price = twenty billion dollars Say 15 billion sterling. With around 500m shares in issue £30 a share potential from just two blocks That is a 300 bagger from the present share price. £10000 invested now could be worth £3m sterling. £50000 invested now could be worth £15m sterling This is in my view a once in a lifetime opportunity.
05/3/2018
08:55
jungmana: In early 2011, matd went to about £300m market cap based on popotential alone. Thats about 60p share price equivalent today. This is one small company with huge potential covering a licence area thats near twice the size of the UK.We are still at base camp here imo
03/3/2018
11:47
lw425: So how high could the share price go? From the presentation: Blocks IV & V: High Impact Exploration 55 Prospects and Leads. Recoverable potential > 2Bbo * So 2billion barrels just on the first two blocks at $10 a barrel takeover price = twenty billion dollars Say 15 billion sterling. With around 500m shares in issue £30 a share potential from just two blocks That is a 300 bagger from the present share price. £10000 invested now could be worth £3m sterling. £50000 invested now could be worth £15m sterling This is in my view a once in a lifetime opportunity.
02/3/2018
23:22
caters: From what I can tell from old RNSs, there were about 150m shares in issue when the share price hit 200p + back in 2010/11.... that's around £300m MCap. I don't believe that there has been a share consolidation in the past 10 years (and I have no idea about before then). So MATD has form for good spikes :-) imho. dyor. etc
01/3/2018
08:11
cf456: "With multiple catalysts for a jump in the company’s share price almost certainly on the way over the next two years as the work programme progresses, it could be worth getting in now while shares still sit at 11.8p." hTTp://www.valuethemarkets.com/index.php/2018/03/01/drilling-campaign-marks-fresh-leap-short-term-news-flow-long-term-potential-petro-matad-matd
01/12/2017
14:36
s1zematters: So we have reached the stage on these BB where pointing out factual content about a outstanding 20 million share convertible instrument that can be excised at circa 20% off the share price at any time is a deramp?? Oh dear! Anyway, If i was looking at MATD i would be very interested in that fact. This has no effect in the long term share price with regards the drilling in the spring but would explain the large overhang right now. Only someone buying for a quick buck today who has now been trapped would find such factual information annoying!
25/6/2017
12:27
smithless: prettybullish - back end of last year the mgt stated no reason for the share price going up! You could say forewarned. A lot of wild momentum trading took the share price from 3p to crazy heights earlier in the year -it was based on virtually nothing. It stated it had $6m of cash back in January, which would imply a cash burn of $0.6m per mth. Had a further $5m from Shell since (this has to be repaid if a farmin happens) and $1.2m from Bergen ($2m from the conv hasn't been announced so not included). I suspect it has used another $3m in cash since January, so... 6+5+1.2-3=$9.2m for a drilling campaign. This isn't anywhere near enough, that's why it did a deal with Bergen. Will Bergen be selling? yes. What's is acceptable level for the management to see its share price fall to? 1p IMHO. It has no choice. These are wildcat drilling's in a remote part of the country, with no infrastructure and no history of a discovery even being made in the two blocks or anywhere near them. Very high risk, with about a 3% chance success and that's before a viability study, if they are lucky. I can't see Bergen taking this sort of risk, therefore the likelihood is the share price will weaken or if any news flow Bergen will sell into it. As for a farmin, its not going to get better terms than BG and it would have to repay $5m to Shell. Could be lucky, but investors should be realistic
Petro Matad share price data is direct from the London Stock Exchange
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