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Member Info for bakoven


Member Since: Thu, 9th Feb 2012

Number of General Chat Posts (all time): 7
Number of General Chat Posts (last 30 days): 0

Last Posted: 24 Jul '15



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24 Jul '15


". . . will allow the Company to progress the Approved Drilling Program with the aim of doubling current production by the middle of 2016 to 1600bopd net to Company".

A fairly comprehensive update from MB today. although 10% interest rate on $25m looks steep at today's oil price. Nothing offered from him on Matra's way forward in resuming normal service.

24 Jul '15


". . . will allow the Company to progress the Approved Drilling Program with the aim of doubling current production by the middle of 2016 to 1600bopd net to Company".

A fairly comprehensive update from MB today. although 10% interest rate on $25m looks steep at today's oil price. Nothing offered from him on Matra's way forward in resuming normal service.
2 Sep '14


Have a bit more hunting to do before reaching any sort of conclusion. For a supposedly high-powered team management are notoriously slack in keeping shareholders updated.

I have scanned a few of PG-M International's operations in Carson, Hutchinson and Moore without a sense of excitement. See http://www.texas-drilling.com/carson-county/leases, and subsequently click on the other two counties. Google maps will probably update its satellite images in May 2015 giving a better idea of drilling activity on the various wells.

Workovers on the wells might be bearing fruit to some degree. If so, that information could easily be entered on the company's website. Reference -

http://www.investegate.co.uk/matra-petroleum-plc--mta-/rns/operational---acquisition-update/201401220700142063Y/

IMO only, MB will be making a tactical error by moving to an offshore exchange. He forgets that Matra is well known to scores of investors here without trying to lure new ones to NYSE/OTC, etc. Terms on the AIM are relatively favourable when compared to foreign exchanges. Relisting here is the way to go.
30 Apr '14


First look-in and joining the Lost Souls' club.
30 Jan '13


Vegas99 - Some interesting leads from you there. Have a few notes to add later in the week. Bit too busy at the mo to fiddle around the keyboard.
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