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Petro Matad Share Chat (MATD)



Share Price: 8.75Bid: 8.50Ask: 9.00Change: -0.375 (-4.11%)Faller - Petro Matad
Spread: 0.50Spread as %: 5.88%Open: 9.125High: 9.125Low: 8.625Yesterday’s Close: 9.125


Share Discussion for Petro Matad


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2010PM
Posts: 649
Observation
Opinion:Strong Buy
Price:9.125
View Thread (4)
Data Analysis
Today 08:06
Bull-F - slightly different numbers than Mikey but my guess is 60 days tops from completion of 2D. I doubt they will split the data. I suspect we will get a single announcement this time.

Mikey is right however given that the data is available in real-time it should be quicker however in the end I think PM have learnt from previous years where they have tried to satisfy all by announcing dates that then were changed.

My guess is end of March is a good date for the start of the run upwards, possibly before but that to me would make sense. I am wondering if there maybe a note covering heir financial position as the last one was an interim on 1st Sept - we might have another interim as at 1/03/18. Just a thought??

I do think we will get 2D/3D, farm-in and start of drilling in quick succession .

ALL IMO - sun shining here but cold!

ATB to everyone and have a great weekend.
 
Oilspec
Posts: 221
Off Topic
Opinion:Strong Buy
Price:9.125
RE: MATD
Today 07:52
Finnished uo 5.9% in the USA last night
Bullfrog80
Posts: 44
Off Topic
Opinion:No Opinion
Price:9.125
RE: Looks like Bergen's not...
Today 07:02
Thanks mike. Really appreciate the full reply.
MIKEY30
Posts: 250
Off Topic
Opinion:No Opinion
Price:9.125
View Thread (4)
RE: Looks like Bergen's not...
Thu 20:47
All relative to the amount of data required to interpret. I guessed 12 weeks based on amount of 3D data collected on the basis of a previous 3D campaign. I was hoping sooner given results were provided near-real time but actually 12 weeks wasn't far off with expected PSDM results at the end of March. 2D should be quicker. The last 2D campaign in block IV I think it was they carried out roughly 1100km in the last quarter of 2015 and another roughly 180km line in May 2016. This took them 4 months to interpret nearly 1280km collectively. Given we are only interpreting a 6th of this data on 2D further prospects I would like to think we could intepret this within 3 weeks. How they decide to share this information is anybody's guess. I would hope they split this out as they recieve the final reports (2D, PSTM, PSDM), the preliminary results may be the preceding announcement before a farm-in RNS is released. Either way we should get a full update in April.
Terryali
Posts: 18
Off Topic
Opinion:No Opinion
Price:9.125
RE: Looks like Bergen's not...
Thu 19:47
I would guess so as they will be ready early Feb. As for processing speeds you would need one of our resident experts to answer that. Mr 2010 PM, Mikey, Dinger?
Bullfrog80
Posts: 44
Off Topic
Opinion:No Opinion
Price:9.125
RE: Looks like Bergen's not...
Thu 19:16
Thanks I couldn't remember the exact wording. So is the view that the Khangai Basin 2d work might be ready sooner than the 3d results? Anyone know the relative processing speeds of 2D v 3D?
Terryali
Posts: 18
Off Topic
Opinion:No Opinion
Price:9.125
RE: Looks like Bergen's not...
Thu 16:26
They postponed the 2d seismic programme in the tugrug basin due to the location being used by livestock for grazing. 2d seismic crew have now mobilised to block IV and have commenced the planned 204km 2d seismic programme over the khangai basin which should be completed be early Feb.
Above from 11 January RNS
Bullfrog80
Posts: 44
Off Topic
Opinion:No Opinion
Price:9.125
RE: Looks like Bergen's not...
Thu 16:09
On the 2D results, didn't they abandon the first lot because there were local farmers grazing where they wanted to work and the other block they still have to do? I had understood that from the RNS. Do you think that is incorrect or that they might be able to turn around the next Block's 2D results fast enough to release them before the 3D ones? Hope that makes sense
Loz786
Posts: 1,618
Off Topic
Opinion:No Opinion
Price:9.125
RE: Looks like Bergen's not...
Thu 15:57
Rather them selling now before we start to move, as we get closer to seismic results in 10 weeks or so.
We might 2d results before then?
Once they are out, i expect more investors to take their positions before the fun ride :-)
Ojay
Posts: 1,209
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:9.25
Looks like Bergen's not...
Thu 15:53
done yet after all - they continue to crash the party; at least for the time being. This must be over soon - but when?




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