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London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Andrew Knott, #SAVP speaks at London South East's Oil & Gas event


Petro Matad Share Chat (MATD)



Share Price: 6.15Bid: 6.00Ask: 6.30Change: 0.175 (+2.93%)Riser - Petro Matad
Spread: 0.30Spread as %: 5.00%Open: 5.975High: 6.275Low: 5.975Yesterday’s Close: 5.975


Share Discussion for Petro Matad


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fundraiser222
Posts: 3,592
Opinion:No Opinion
Price:6.15
RE: Fundraiser222
Today 22:36
The point many are missing here is COS on wildcats is always very low, it has to be low as there is no proven oil production in blocks IV and V. That’s why any strike at WH could be truly transformational, not only the short term impact of hitting 480mbl of onshore oil, but Matd have potentially 23 billion barrels of recoverable oil on their acreage. Each prospect after a strike at WH will be greatly de risked, a farm in partner will be pretty much guaranteed after a strike followed by a drilling campaign the likes of which the Mongolian government have dreamed of for many years, as have the Indians who want to fund the oil refinery. BG Group were happy to farm in here because of the potential for discovering a new oil frontier on a global scale, land locked between 3 oil producing nations Russia, China and Kazakhstan its pretty nailed on that there is also big oil in Mongolia... we have just got to find it. Positions will be taken this week ahead of the spud news I can see us sitting around 8p by Friday ahead of spud
 
fundraiser222
Posts: 3,592
Opinion:No Opinion
Price:6.15
RE: Big few days ahead here
Today 22:26
I have been informed on twitter that a few posters are talking to themselves here lol, if I don’t respond it is because I have you on the filter list I cannot see your posts, cheers
gatto
Posts: 2,069
Premium Chat Member
Opinion:No Opinion
Price:6.15
Fundraiser222
Today 22:05
What if weather turns bitterly cold during the drill, do you thinks it’s possible they might have to suspend drilling ops till the spring. Thoughts please fundy, I know the Mongolian weather for the winter this year has been on your mind!
gatto
Posts: 2,069
Premium Chat Member
Opinion:No Opinion
Price:6.15
9% cos for wildhorse
Today 21:59
In Edison report, is that right fundraiser222 or have I got it wrong. So if we are honest, it is very likely to be a duster here, then surely 2-3p is on the cards. Thoughts fundy? I wasn’t aware of the 9% cos in the Edison report till you alerted me to it a week or so ago.
JS490
Posts: 1,238
Opinion:No Opinion
Price:6.15
RE: MATD - Tweet ready for blast off
Today 21:50
<"@Petro_Matad...Our sub-contractor has completed drilling the water supply well at #WildHorse in preparation for the exploration well targeting 480 MMbo of prospective resource #MATD">

Looking good.

Excited to get started on drilling this world-class prospect!

jmo
gatto
Posts: 2,069
Premium Chat Member
Opinion:No Opinion
Price:6.15
RE: Big few days ahead here
Today 21:42
The weather could still be an issue fundy, as you alluded to. You were incredibly worried about the weather before. Things could still become problematic if the weather suddenly deteriorates, as you alluded to before. I hope you haven’t risked too much here given the huge risks of the Mongolian winter weather worries etc. Atb
SBB1
Posts: 1,446
Opinion:Strong Buy
Price:6.15
Life changing
Today 21:41
Money if the badboy comes in.
480 million barrels. 100 % owned.

Aaog drilling for 37m barrels there share!
fundraiser222
Posts: 3,592
Opinion:No Opinion
Price:6.15
Big few days ahead here
Today 21:35
As investors take positions ahead of spud next week. This is the drill everyone has been waiting for, and the fact we are near 52 week lows yet about to spud a 480mbl prospect 100% owned shows how cheap this currently is. oil shares have flown recently, Matd is about to make its move imo L2 looked very strong into close can see an attack on 7p tomorrow as ppl take positions before spud, any strike and of course you are talking life changing gains 480mbl onshore drills don’t come about very often, especially not with the safety net of 4 more drills to come in April fully funded, once this hits 7p it will get chased higher as ppl scramble to get in
fundraiser222
Posts: 3,592
Opinion:No Opinion
Price:6.15
RE: Big move up here
Today 19:30
I think we could see a spud date rns, Mike said in the 1st October update “Operations continue to progress on track for us to drill and log the Wild Horse-1 well this year. Wild Horse is a very exciting prospect and from the size of the potential prize alone, the Wild Horse 1 well certainly deserves its place in Wood Mackenzie's ranking of the top 20 exploration wells to watch in 2018.

We continue to work hard on preparations for next year's drilling campaign and look forward to updating the market on Wild Horse soon” lets see
Ojay
Posts: 2,047
Premium Chat Member
Opinion:No Opinion
Price:6.15
RE: Big move up here
Today 18:58
Having said that it could be a déjà vue for Fundy as the SP - upon a successful WH-1 drill - will undoubtedly rocket to new highs since 2010/11 - while those 30% will look like petty change.
Sandytoes
Posts: 75
Opinion:No Opinion
Price:6.15
RE: Big move up here
Today 18:51
Fundy will be out before spud with his pump and dump tactics the only shame is we won’t get rid of him. He’ll stick around to annoy us all.
Like a Jekyll and Hyde on heat!
Ojay
Posts: 2,047
Premium Chat Member
Opinion:No Opinion
Price:6.15
RE: Big move up here
Today 18:49
Yep - that would be a 30% profit; don't think a short term trader would walk away from that.
jndavid490
Posts: 3,181
Opinion:Strong Buy
Price:6.15
RE: Big move up here
Today 18:10
Fundy,8p then your out,with the inclement weather report,lol
Proselenes
Posts: 2,658
Opinion:Strong Buy
Price:6.15
RE: Big move up here
Today 17:03
The only big move up coming here will be with big volume, if the cuttings in the mud start to show oil. Then you will see a big volume, loads of buying and a rising price.

Until then, spud RNS etc.. is not going to move the price much. Sticking around 6p to 7p levels is fine for now. Then we need a really big volume day once the drill bit gets into the targets...........
gatto
Posts: 2,069
Premium Chat Member
Opinion:No Opinion
Price:6.15
RE: Big move up here
Today 16:23
You wont get a spud date fundy, just a spud rns. They have already told us in the last rns they are spudding towards the end of this month. So next rns will most likely be the spud of wildhorse. Then imo we will probably see a small sell off here just like we saw with aaog and others on their spud rns's, all pretty much as you alluded to in one of your messages. These things normally go down on spud rns's, sad but true.
Superman86
Posts: 214
Opinion:No Opinion
Price:6.15
RE: Big move up here
Today 16:22
You sound very sure of yourself
fundraiser222
Posts: 3,592
Opinion:No Opinion
Price:6.275
Big move up here
Today 16:13
Due this week from near 52 week lows, spud date rns will send this well above 8p
stuartc410
Posts: 779
Opinion:No Opinion
Price:6.15
RE: buyers piling in now!!
Today 16:06
Volume is very low
gatto
Posts: 2,069
Premium Chat Member
Opinion:Strong Buy
Price:6.225
buyers piling in now!!
Today 16:04
Looking very strong going into the close today. People taking positions here for the spud rns imo.
StockTracker
Posts: 194
Opinion:Strong Buy
Price:6.15
Buyers cant get in quick enough
Today 15:38
now spud almost here i reckon 24 hours
Manro
Posts: 1,422
Opinion:Strong Buy
Price:6.05
RE: Primed for a move
Today 14:26
oneruleforone, you do not have to be a dog expert or veterinarian to determine the dogs behave. And why exactly the dog suddenly starts barking loudly and then happily run around you and wag its tail. I think you have guessed - its the dog's natural reaction in anticipation of its beloved Pedigree. LOL
Alb to our true Matadors.
IGEEK
Posts: 56
Opinion:No Opinion
Price:6.025
RE: Tweet
Today 13:15
Can't be long now until spud!
SBB1
Posts: 1,446
Opinion:Strong Buy
Price:6.025
RE: Tweet
Today 13:13
Good to see what we have invested in !
Cormie
Posts: 184
Opinion:Strong Buy
Price:6.025
Tweet
Today 12:52
Love the Twitter feed so not like the old Yaks. Great Comms and yes moving to the launchpad ready for countdown.
All LTH's deserve a win. Fingers crossed for all.
Proselenes
Posts: 2,658
Opinion:Strong Buy
Price:6.025
RE: MATD - Tweet ready for blast off
Today 12:51
Would have been better if they said they had drilled the water supply well and struck oil in it...............

LOL




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