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He's posted his Snow Leopard only drill about 6X at least stating a 1 in 6 chance despite the tender process completion two operate two rigs. Just a kind reminder. Especially as he is a stock holder. That is not a discussion point that is bb abuse
Ha ha ......Banning someone because they don't think all 4 wells being drilled this year.
I don't think Block XX will be drilled this year - please don't ban me or even worse, not invite me to £ party.
If you're going to ban people for misinformation, then you have rather a large list on here. Maybe you'll end up just blabbering to yourself.
Yes at least one of the 'parallel' appradial wells will be drilled Captain. The tender process has
already been completed and is expected in H2 unless you're calling Mike Buck a liar. Wild Horse is a 25 day drill according to Sinopec. Mike Buck stated that they added a 5 day extra contingency. A contingency for Snow Leopard is again added. If this is not for you then no bother in the slightest. However, repeating he same mis information about a one drill in four this year is getting tiresome next time i will report it and encourage others to do so and you will be banned. Hope that it clear. ATB
from may RNS
2018 drilling - Mobilisation underway
Permitting for the Snow Leopard 1 well has been completed and the notice to mobilise the rig has been issued to Sinopec. The rig and consumable materials are already in Mongolia. Sinopec is now moving logging and cementing units from China and will move all equipment to site once the drill site construction has been completed. Unfortunately, there has been a delay in obtaining foreign worker visas for the Sinopec drilling team and this will likely move the spud of Snow Leopard 1 into July 2018. This will not, however, impact Petro Matad's ability to drill both Snow Leopard and Wild Horse during the 2018 drilling season based on our best estimates of well duration.
Permitting for the Wild Horse 1 well is nearing completion. The Detailed Environmental Impact Assessment is approved and chemical permits are progressing. Completion of permitting should facilitate a seamless move from Snow Leopard 1 to Wild Horse 1, avoiding any unnecessary delay or standby costs.
On Block XX, the rig tender process has been completed and results are under review. Permitting is progressing smoothly and we are on schedule to drill in late Q3 or early Q4 2018 depending largely on the exact timing of rig availability.
Mike Buck, the CEO of Petro Matad said: "The Petro Matad team is very pleased to have started mobilisation to drill the first well, Snow Leopard 1, in our western acreage. Good progress has also been made in identifying additional prospects.
I would like also to welcome John and Jerry to the Petro Matad team. They are both are very experienced professionals and have already made an impact on our knowledge and understanding of our asset base and potential prospectivity."
Further announcements will be made in due course.
tick tock tick tock......it's coming!!!!!!!
I would leave some to their own narrow mindedness. That type never make any money as they spend more time bashing a stock instead of investing in the massive potential. Even if MATD strike big, they will still find something negative to comment on.
Wow, I did not even imagine that my post will force our dogs to start such an amicable, loud and spiteful barking. Come on let's get even louder, doggies. After all very soon all of you will be merged into a stinking cesspool where it will be very hard not just to bark but even breathe.
Upside here is absolutely mind boggling.
* On shore low cost wells.
* 100% ownership. Fully funded 4 wells.
* Rich, thick lacustrine oil shales
* source rocks so rich, they catch fire.
* Geology analogous to proven producing Chinese basins (100 Billion barrels Recov.).
Price will respond in due course. Just sit tight. No point chasing spikes elsewhere. I understand some might have been spooked by last year delays, but that's in the past. Market will re-rate in due course on forward potential. When it does, it could be fast & furious. Each to their own decision.
Yes Victor ...one would have thought a few of the prominent rampers who were still calling Matad sp to go 'pounds' during its demise last year, may have learned something ...it was quite eerie reading some posts on here suggesting 'it's only a flesh wound' as sp plummeted....no scrupples then imo....and now starting all over again...very short memories
They're only jokers Manro who have no bearing what so ever on the SP. Instead they provide near term entertainment and frustration vents while we await the ops update. June 6th tomorrow already (fully funded and ready to party). The DD will lead almost everyone to the same conclusion. Night happy holders
But, I often ask myself: is it right thing to do sharing our knowledge, experience, honest opinions and not just to each other but with all of these lying and spiteful creatures too, constantly gathering here? They do not deserve nothing except a good whip. For behaving like mad dogs barking and biting everyone who uncover they doggy lies. Of course we can filter them and I do it. But it do not deprive them of using the results of our analysis and conclusions. This is why I am waiting patiently for the next key RNS and not just as a good news in which I am sure. But to see how all of them will washed out from this board to the cesspool. And we mustn't allow even one of them to take part in our �1+ party in London. Btw I would suggest to all of true Matadors wishing to take part send me a private message via LSE within 10 day's upon receiving our next and most crucial RNS. I think it is a good idea to discuss the place and other details of our party and be prepared for it in advance, aiming even to invite Mike with all of Matad's BOD.