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
  +0.05p +0.56% 8.95p 5,747,264 15:26:05
Bid Price Offer Price High Price Low Price Open Price
8.90p 9.00p 9.00p 8.90p 8.90p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.16 -7.35 -2.37 59.3

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Date Time Title Posts
20/7/201800:33Petro Matad - Fully funded 6 well campaign for H2 2018/H1 201980
17/7/201817:12MATD RISE OF THE PHOENIX5,005
03/4/201815:38The Resurrection Of MATD365
26/9/201714:42MR EVILS ADFVN UNITED DRIBBLERS THREAD3
23/1/201720:10Petro Matad7,108

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Petro Matad (MATD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-07-19 15:27:329.0076,8536,912.93O
2018-07-19 15:27:119.0050,0004,497.50O
2018-07-19 15:26:359.006,948624.97O
2018-07-19 15:25:319.00150,00013,492.50O
2018-07-19 15:18:568.951,250,000111,875.00O
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Petro Matad (MATD) Top Chat Posts

DateSubject
19/7/2018
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 8.90p.
Petro Matad has a 4 week average price of 8.55p and a 12 week average price of 8.55p.
The 1 year high share price is 14.75p while the 1 year low share price is currently 5.13p.
There are currently 662,155,749 shares in issue and the average daily traded volume is 5,959,465 shares. The market capitalisation of Petro Matad is £59,262,939.54.
12/7/2018
14:14
nicky21: Guys you really need to check out COPL currently to buy 0.55p.a potential to be a multi baggar.it tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company. Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset. The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil. When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true. What is holding the share price back presently is NNPC approval. $60m was spent on this asset by the previous operator.the potential for Copl is huge. I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m) Copl management wants it to be a mid tier oil and gas company ie £250m-£500m All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE
10/7/2018
11:25
kcowe: That is why the share price will have no direction . not worth a punt till end of drill How to kill momentum on a share price lol
22/6/2018
12:54
2solaris: dozzawba. I understand where you are coming from but his company needs to get on and drill a well - we don't even have a spud date yet a loose target, July! Let's not forget they said it would be in May not so long ago. Instead of drilling, we get a fund raise and a massive drop in share price.
22/6/2018
12:42
lw425: *if* spud was delayed then share price would hit 4p. Enough is enough in that example.
13/6/2018
18:13
spangle93: Souls - maybe in case for some reason this year's wells don't give clear or positive results and the share price is lower before next year's campaign. They could be in a position with no 2018 successes, a lower price, and facing a need to raise money for 2019, which no-one wants to see. So I guess it was ill-timed pragmatism. I'm just surprised that it needed to be a such a discount, and staggered that anyone could get away with charging $1.3MM to get a placing away at a buy 4 get 1 free 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.
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.
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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