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Ojay
The chinese operators are all busy, matd are finding it difficult to get rig date they are all behind.
Eme have managed to get them to fit them in after the current well.
I have been on the side lines for a while and pondering between MATD and EME, my first oil oriented stock, i was leaning towards MATD any thoughts on the two would be appreciated total newbie to oil in all honesty...
Cheers
GLA ATB
Good safe weekend all
Could it be that they've struck oil? If not they're doing worse than PM in 2017 (without a rig contract and/or spud schedule).
While matd await rig contract, EME today have a rig contract and will spud within 35 days.
They have fantastic acreage near some large operators. Massive finds around them, give it a look.
Tiny volume so only ones selling this low are ones who need the cash or those who think it will drop or stay in this range for a bit longer and probably using that money as a short term trade elsewhere then buying back (a dangerous game this, as when the DQE or Rig Confirmation / Well Workover) then this will be opened a lot higher by the market makers and NT to buy
Hold recommendation
Okay guys hands up -who the hell is selling at 3.3 ?! Couldn’t you sell up at 4.5 last week after same news ? Wtf
I'm sure that's the plan - at least long term. It just won't happen immediately. BTW: Not all European countries rely on Russian energy as much as e.g. Germany (around 40%). But a certain dependence exists and will require sacrifices and respective workarounds at a higher cost.
Its difficult to be sure who will get hurt most from sanctions. From Al Jazeera:
Most of Europe relies on Russia for energy. China is also a sizable consumer. Moscow and Beijing share warm ties and Russia could move towards Chinese financial initiatives set up to rival the West.
https://www.aljazeera.com/program/counting-the-cost/2022/3/7/can-oil-and-china-help-russia-survive-western-sanctions
What's the admin cost for MATD at the moment. Are they still going to stick to their pay cut salary till they start making money.
I would say they shouldn't anything more until they start performing and start making money.
Now, since the last fund raise - have we spent millions? No.
Fully funded for production.
Spent money on exploration, found oil. So money we’ll spent? Not millions wasted.
It is simple Hamm.
MATD has been digging for the last 10 years! And it wasn't cheap.
Now there is a chance to make up for that if MB be sensible and focus on Heron 1,2,3....
Just imagine if we had 5 wells with 5000bopd! Then MB could use the income to go for wild cat area.
But don't push yourself ID78, it needs just a bit of brain that you don't have, it isn't your fault.
What a lovely chilly day guys.
Enjoy.
FA "The Geo political issue will subside and as sanctions tighten, well in time for an (investor) unhindered focus on Petro Matads actual operations and key transition to Producer."
How can you possibly make that assumption. you can't so don't
Trying not to bite but can’t ok Hamm.
Show me the evidence of the millions of cash burn.
Just more nonsense as usual?
US investors been paying over 5 cents.
That would be 3.80 pence here.
Maestro.
Even 500 - 800 bopd @ $100 Brent for starters (target 6000 bopd) is highly attractive because cost of extraction and trucking are so low. Got to look at $$$ profit / bbl. MATD has NO debt.
Offshore oil producers have higher costs and huge Debt on their books.
Imagine Revenues $$$ when Heron field is producing 6000 bopd.
Massive Upward Valuation curve.
You may wonder why MB isn't focusing on making Heron 1, 2 3,4 ... this year and making %20 of the income in wild cat exploration?
Hasn't he wasted millions of our money in the last year or so? If he was smart he should have started drilling of the most likely oil wells rather than the least ones?
I wonder if he is going to waste another year?
He should go back to Mongolia where he is supposed to be. How can he be a leader but staying far from his crew?
Oh Dear. Now shoot me down.
Enjoy your evening guys.
FairAnalyst
Then.... Buck needs to get his finger out and have heron one flowing oil? ridiculous by matd for not getting started already
Hertstrader74
so producing 500bopd justifies 80m mkt cap? producing 1000bopd justifies 120m mkt cap
come on be realistic?
7-8 p on first oil from Heron 1, 12-14p if we drill Heron 2 and 3 this year and get these online is what i am expecting 20-30p if we find oil at the raptors and in my opinion that will be next year
FairAnalyst
i like matd but you saying it will be 30p, that a mkt cap close to 250m. What will they produce this year? we have companies that produce 20kboepd and they are valued at 250m.
Come on, if you said 8p i would have agreed.
I was not impressed with MB on Tuesday, but i do get the impression he has been put on notice by the BoD to perform, and get Heron 1 worked over and into production (and even Mike did say this will happen this year BoD also want wells 2 and 3 Done before we wildcat the raptors, and I agree with the board on this.
I don't like the way Mike said we will be fitted in. I would rather we pay a premium and get Heron 1 producing and Wells 2 and 3 online this year, take advantage of the oil price and use that money to fund our campaign at Block 5, Velociraptor and Block X
If no Heron this year, Then surely the BoD will have to fire Mr Buck, then back to 2.5p SP for another 12 months
Whichever side of the fence you are on it's still a gamble. My main concern after watching the MB interview was that he was sowing the seeds for a delay at Heron. The contractor has a backlog, waiting to see when they can fit us in etc.
Patience is key, fundamentals are great, but delays are damaging.
They have near 10 million in the bank, ThEre is no negatives here for me but yes keep on with finding holes people and agree the world may end tmrw but matd is the best bet out there, delayed project better then a gamble and loss for me again the best stock out there
Well OK I stand corrected on the issue of a fundraise. I have no evidence one would be required.