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Petro Matad Share Chat (MATD)

MATD Share Chat - RSS Feed

Share Price: 2.75Bid: 2.25Ask: 3.25Change: 0.375 (+15.79%)Riser - Petro Matad
Spread: 1.00Spread as %: 44.44%Open: 2.75High: 0.00Low: 0.00Yesterday’s Close: 2.375


Share Discussion for Petro Matad


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fundraiser222
Posts: 783
Off Topic
Opinion:No Opinion
Price:2.25
RE: Glass half full
Thu 11:03
Depends if Shell decide to pull the plug or not. They are cutting costs and scrapping projects all around the world, if Mongolia doesn't fit they will imo scrap it. Then MATD will be left with no JV and no money in one of the worst oil markets ever seen so this investment is very risky aswell as no action for 18months. lets face it they were suposed to drill in 2015 and it just keeps getting put back, and looking at the intirims MATD will not have enough cash to last now untill 2017 imo so a placing may also be needed imo. Just an awful RNS
 
erictheviking
Posts: 104
Off Topic
Opinion:No Opinion
Price:2.25
Glass half full
Wed 21:40
Bottom draw for me. I'm still confident there is mileage in this share. As Isaid before "Good things come to those who wait". Just hope i'm not in a box approx 6' 4" long and approx 2' wide by the time pay day comes!!!
Routemap
Posts: 60
Off Topic
Opinion:No Opinion
Price:2.625
RE: Will our drill be on schedule?
Wed 10:43
Sorry, answer is NO!!!!
Routemap
Posts: 60
Observation
Opinion:Sell
Price:2.625
RE: Will our drill be on schedule?
Wed 10:41
The answer is YES!

Will MATD run out of cash???

We will see the answer soon.

18 months is a long time in AIM, anything could happen (good or bad? I prefer latter)

Stay sideline, wait and see what will happen.
fundraiser222
Posts: 783
Off Topic
Opinion:No Opinion
Price:2.625
RE: rns
Wed 10:09
fully agree, but imo the price will just drift to well under 2p now as its just been put to sleep for 18 months what a joke when you consider the first drill was supposed to be 2015 the postponed to 2016 now its 2017, so what will happen MATD will run out of cash? Shell will just axe the project? or drilling delayed in 2017 to 2018? so hard to sell MM's don't want to buy any off me atm may have to wait a few dayts and sell in small chunks
paulypeeps2
Posts: 852
Observation
Opinion:Strong Sell
Price:2.625
rns
Wed 09:56
selling these is like trying to catch a falling knife!!
mannnan
Posts: 26,171
Observation
Opinion:No Opinion
Price:2.625
.
Wed 09:55
Petro Matad said it has completed its seismic data acquisition for Block IV at the project, but will now postpone collecting data for Block V and will start again in May.

Due to that delay, it now plans to start drilling two exploration wells at the project in 2017, rather than in 2016, as had been previously planned.

Shares dropped 20% to 2.5 pence on the news, the worst performer in the AIM All-Share.

Petro Matad said it remained confident in the project and said drilling the two wells back-to-back in 2017 will result in operational efficiencies for the business. It also said the availability of drilling rigs, amid the slowdown in activity in the oil and gas industry following the oil price plunge, makes it likely it will be able to secure drilling rigs for the project at a lower cost than had previously been envisaged.
paulypeeps2
Posts: 852
Off Topic
Opinion:Strong Sell
Price:2.625
rns
Wed 09:53
bottom drawer for me
what a disaster statement to put out at this time
will buy again sub 2 pence
fundraiser222
Posts: 783
Off Topic
Opinion:No Opinion
Price:2.625
RE: fundraiser222
Wed 09:52
that's my point the price will tank as no drilling for at least 18 months, and MATD do not have enough cash to last that long imo, plus Shell are axing projects all over. I have sold a few already and will try sell more as under 2p looks nailed on now imo
mannnan
Posts: 26,171
Observation
Opinion:No Opinion
Price:2.625
fundraiser222
Wed 09:46
oil price dropping i think they are doing the right thing .will buy next year at very very low price .




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