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MATD Petro Matad Limited

-0.10 (-2.78%)
01 Dec 2023 - Closed
Delayed by 15 minutes
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
  -0.10 -2.78% 3.50 1,652,137 12:48:04
Bid Price Offer Price High Price Low Price Open Price
3.40 3.60 3.65 3.40 3.65
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 201k USD -2.95M USD -0.0033 -10.61 31.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:10:47 O 5,651 3.54 GBX

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Posted at 02/12/2023 08:20 by Petro Matad Daily Update
Petro Matad Limited is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker MATD. The last closing price for Petro Matad was 3.60p.
Petro Matad currently has 898,761,649 shares in issue. The market capitalisation of Petro Matad is £31,456,658.
Petro Matad has a price to earnings ratio (PE ratio) of -10.61.
This morning MATD shares opened at 3.65p
Posted at 02/11/2023 15:34 by simon8
Given the constant drip down in share price looks like market is anticipating a winter of no news or oil and back to the waiting game to next spring for local government officials to decide whether they are going to do anything. I am hoping the share price isn't further eroded away due to the incompetence of the government.
This is a depressing outcome, could have been so different if Mongolian government had actually pulled their finger out
Posted at 31/10/2023 11:04 by mr royle
Let's hope so! Price of Oil going up again, the Mongolians are missing out on making a lot of money here. Ridiculous that we are still waiting, but it is what it is.
It will come.
Posted at 28/9/2023 06:03 by pro_s2009
Update :

Posted at 11/8/2023 07:12 by man1
MB just loves destroying his own share price.
Posted at 06/7/2023 09:52 by its the oxman
Could pop 7p tomorrow if wider market can bounce. And still hoping for double digit share price on back of velociraptor. Not long now.
Posted at 06/7/2023 09:04 by gosoftly7
SC that would require quite some influence on the Mongolian Govt and ministries to co-ordinate the delay the re-assigning of the land permit to a different ministry, all other ministries signing off on it, getting it to a committee to be signed off on the 5th July after a two year delay all in time to be "timed" to coincide with Velociraptor.

You have a wonderful imagination.

I have no doubt that a negative Velociraptor result will have a negative impact on the share price. It is 80% likely to fail and 20% success.
Posted at 12/4/2023 07:49 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 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 13/5/2021 12:36 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 11:29 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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