Matra Share Price (MTA)

eventually and something good or bad has to happen. The interesting point and the main reason why anyone would want to put money on the table is the fact that the oil is there. Why we have such an apparent lack of progress in getting it out is something of a mystery to most of us. That said the clock is ticking towards a disclosure of some sort. Either the field is developed or the field is not developed. Given this simplistic choice it would seem to me that there is only one real option, develop the field. Why do anything else ?

ah well at least me and Bill has something in common ...lol

If EXI only earn US$8 per bbl profit on their 17,000bopd production then why should MATRA end up earning much more than US$8 per profit on their SOKO production when the field is developed? This is why the current value accorded to MATRA's 2P oil in the ground could still be excessive based on the current MATRA Mkt Cap when compared to it's peer group. IMO there is still a Barskiy premium in the MATRA sp. Let's hope we get that acquisition soon. PS. IMO Barskiy had an acquisition already lined up when he bought into MATRA. Why? Well Bill Guest had plenty of opportunities to buy MATRA shares at less than the 2.66p he paid after Barskiy arrived. He could have bought at 0.5p in the placing of 6 months before, but didn't. So why did he pay 5 times that 6 months later? I think because he knew that Barskiy had a juicy acquisition lined up. However for what ever reason it never happened.

should read ... "So just like with XEL!!!!"

PVR and LOGP are O&G's where MATRA's oil in the ground is accorded a higher value. I'm not sure that XEL's oil in the ground is currently valued at less than MATRA's, but at £4.50p per share XEL's oil in the ground is valued much higher than MATRA's in the ground. Analysts value LOGP's oil in the ground at around 4.5 times the current LOGP Mkt Cap. So just like with XE!!!! The current Mkt conditions for AIM quoted O&G's is dismal!! Whatever analysts and bulls of XEL, LOGP and PVR think their oil in the ground is worth the market thinks differently in the current dismal conditions. I don't believe that the valuation of MATRA's oil in the ground is irrelevant. Why? Well the ability of MATRA to raise cash and at what price will depend not only what assets it hopes to acquire and how investors view it's value, but also on the valuation investors put on MATRA's current assets. I think that is possibly why MATRA issued their internal version of SOKO's 2P before an independent CPR has been issued. They wanted a 2P figure for SOKO so that potential investors are to able value MATRA's existing assets as well those of the likely acquisition. STAV reckoned they issued their 2P so that a farminee could value their oil in the ground.

thanks for your informative reply those were negatives I was completely unaware of but thanks to your input I'm learning all the time as for being wrong its not the first time where MTA are concerned ..lol my average confirms that, but I jumped in here just over a year ago on the back of MB I've yet to loose the faith hope, I don't get hung out to dry for being a believer, but its nice to have a poster on here that spells it out for me GL and ATB