Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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its all in the hands of the Oil price at the time.... no need for bickering chaps
Bad. Pointless arguing with a man who can't use a calculator.
What are your calculations.
//Bad. It'll be a lot more than 70 mill.
Unless you have a different calculator let us know.
Paperwork is on its way.
I can't see//
ASSUMING 15 wells with 200 bpd each and working 365 days per year and PM will NET $65 pb. must be a calc from cloud cuckoo land.
Why aim for a 10p target when the specialists have stated 59p ?
59p is the FIRST target.
Just buy more and hold if you can.
Investors look day after day for a golden ticket, we have found ours.
They will want MATD to be happy so they crack on with the renewables side of things...LP on its way id say
Target 10p?
I can't see how they can refuse. No solid case against PM to refuse their LP.
Bad. It'll be a lot more than 70 mill.
Unless you have a different calculator let us know.
Paperwork is on its way.
I can't see
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf
//15 wells with 200bpd at $65 will give PM around $70mill a year revenue.//
dream on!
News is coming very soon. This might not get to 50p but certainly it has 10p on the cards.
It went to 9p without EL.
It's lot closer to production now.
15 wells with 200bpd at $65 will give PM around $70mill a year revenue.
PM has plan to put 15 wells on production in block 20.
Valuation. Our RENAV (Risked Exploration Net Asset Value) is increased to 58.7p/share from 29.0p/share. This is mainly due to the addition of the 200 mmbbl Velociraptor prospect, and success or failure at this well will have a marked impact on future valuations. Excluding the Velociraptor prospect, our RENAV increases to 26.7p/share from 25.2p/share as the beneficial impact of higher oil prices and weaker sterling are, to some degree, offset by a higher risk on Heron (with land access issues).
Agree.
58p broker target is already risk adjusted across the portfolio not just Velociraptor. Could be lot higher. Velociraptor is on proven petroleum system which not be tapped into before.
RENAV 26.7p even WITHOUT Velocirapror ;)
//Can anyone confirm COS of raptor, 20%?//
I think that is the company's estimate & presumably they have experts in the field - or maybe just bigging it up to boost the SP.
Fair point Doc….. and if both do fail to materialise then yes 1p maybe the level… but my point was the potential upside from here is greater and if we reach the previous highs of 37/38 p that’s a ten bagger from here as opposed to a 75% drop.
Good day to all. BB
Mr Wookiemonster read Progress Report I link to in last post. All confirmation there lol & other information for your research
Also will tell you about Velocitaptor drill on proven working petroleum system ;)
Yes Wookie, from the Progressive report:
Petro Matad is planning to start its exploration programme in Block V (where it has a 100%
interest) in Q2 2023. Initially, the company will probe the Velociraptor prospect, which is updip
from the Snow Leopard well that showed evidence of a working petroleum system.
Velociraptor is a significant prospect with gross mean potential recoverable resources of 200
mmbbl. Success here would have a material impact on Petro Matad’s resource base and open
up further prospects in the area. Although this is very much a wildcat well, management
believes it has a 20% chance of success (see page 5).
Can anyone confirm COS of raptor, 20%?
See header have put £1+? only because people ask how can company be X10 bagger & how can company be £1?
Understand x14 Bagger already explain in Progressive Report so people who argue this please read yourself & do not say impossible with NO research
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Who care if SP can get to £1+ when you buy at less then 6p now and even WITHOUT Velocirapror Renav give 26.7p BUT this is possible if people do research & not spend time lying on BB
EL cover all of extension into Block XX of proven/producing Toson Uul Basin with 2 BILLION bbl oil in place.
Have new licence application & MATD help with licence process with geology research & seismic on whole of Mongolia. Mongolia have potential to be like new Saudi Arabia and production revenue will develop new wells. Listen to LSE.co.uk interview from 16 min
Renewable potential for Mongolia one of best in world with 15,000 TW hour per year
DQE deal will help all development fast & production mean expansion without dilution AND revenue mean for dividend and big pension fund investor to push price.
Understand no one saying want 100p+ SP by end of year but WRONG to say impossible. Is very possible but look at price now and less then 6p. We all happy with 50p this year I think & already see this possible.
One who come here and say am long term holder so am right mean nothing. Probably they held long time ago & sold and now come back but give no reason for opinion so make up lie
I do lots & lots of research on all different stock but choose MATD for very very good reason
Buy or not who care but I know why I BUY and very very excited for journey :)
Be happy & not bitter :)
Doc83, you have zero faith in your investment, but having a go but seriously look research on what's happening no one's making things up here, we know buck has been pusing this very hard and even got the British ambassador involved, what we know now is both central and local government are on board and it's happening last we heard letters were going out to herders then master today has found out that a meeting over this is taking place at the local government meetings
Now the government bodies will not be going through all of this if they simply wanted to reject it, we know also why this was rejected in the past but it's been now given the green light by top government officials, they also need the oil as they are spending billions on the refinery project,
This will happen and I bet latest we will get that permit tops ina month if not sooner, just join the dots
bigbench - I have to disagree on the limited downside comment.
If LP fails to materialise this year which, given the delays and false promises already, is not beyond the realms of possibility, and Velociraptor turns out a dud (an 80% chance of this let’s not forget) then this will trace back to a penny.
That’s lots of potential downside.
Before UWOS wakes up with his 5am list of positives, I’ll reiterate that I now have a decent holding here following the placing at 2.5p and would love 10p+, which I definitely see happening IF the LP comes soon.
All about the IFS right now.
I personally think that expectation alone will take this to 5/6p before any news
Each to their own price predictions over the coming weeks & months… it all hinges on Land permits and Heron so only time will tell…I think it’s safe to say the market wants to see these 2 things up and running before a serious rerate….my guess is instant double bag on LP news and then high teens as heron gets underway…..also safe to say from this price point the potential upside far outweighs any downside which is pretty limited here IMHO…
Lockie: I say everything is ridiculous:
Your "delighted" 10.12p as well as your "over the moon" 15-20p. The same goes for
70-100 . But what will you do if it happens just the same? You may be caught out and then you'll be one of those who
look at the PM SP graph showing an increase of 1000 or more percent and you'll wish you had decided otherwise.