Matra Share Chat (MTA)

Firstly I'd like to congratulate myself on predicting the rns when pi55ed. ;)... Secondly forget comments such as chicken ****..... For those who have been here long enough will in pony laymans terms highlight the fact we now have PROPER figures for our oil in soko which is basically double the 29 million barrels we were always told was there years ago..... We now have the right team to take this forward compared to before... We have a CEO that WILL respond to email contact and is determined to increase shareholder value .... And sooner or later the bigger plan will be unveiled.... And I don't think it will be too much longer now we know what we have here and can bargain with!!... Just my opinion... Personally very happy with this rns

This must be the news MB was waiting for I doubt he's been sat on his backside for the last twelve months now he has the ability to raise funds for a possible acquisition its just a matter of watch this space I doubt the market will react until after the news breaks which is good news for the long term holders as they will have to pay a lot more than this for a piece of the action which should make this fly all in my uneducated opinion of course ,,,lol GLA

Matra Petroleum (LON:MTA) – Solid Update: Today’s upgrade to internal estimates is a welcome step forwards for Sokolovskoye, but it somewhat vindicates the previous management’s focus on getting the geology right. While this is in no doubt a great step forwards for the Company, investors have mostly backed the Barsky name, hence will be keen to see transformational transactions as soon as possible. While this is good news, we are reiterating our 2p Target Price and BUY Recommendation.

is a lot of money to take with you to a negotiating table, even if the figure is prospective.

The company forecast is for 2013/14 to be the peak years,so looking positive,just need to market to wake this up and bring it alive!!

wouldn't know where to start but $717m for a company with a market cap of about $25m its got to be good but WTFDIK ...lol but I am feeling very positive right now and after the last nine months that's good enough for me GLA

oil in place, before recovery factors, which may be smaller or larger in practice, is 169,263,000 barrels of oil.

any good of converting that into market capital?

if we take that perhaps more realistic figure of $13 per barrel, the resulting figure is $717,262,000, $717million give or take.

Thank you for your input 132% that's great news I don't care how the market reacts I'm here for the long term and this is all good for us if not now then we will reap the benefits of this news somewhere down the line that's for sure with reserves like this and MB and his team at the helm I feel it's sooner rather than later our patience will be rewarded GLA THE FUTURES BRIGHT THE FUTURES MB ...lol