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Doc83
We still need to spend $10m first.
Think analyst referring to full field development which would be when you got 14 wells planned. Will also depend on how many wells we get up and running this year from Heron.
If we already got revenues flowing from 4 wells, then you would find it lot easier to raise funds next year pretty much close to Market price. They might even raise at premium.
I would more than welcome fund raise next year if that would result in Double / Treble Oil production leading to even higher Oil revenues.
I agree 10 bagger is possible but I also think equity raise is best option for funding.
They will not be able to get debt funding yet imho. They could farm out but is probably even more dilutive than an equity raise.
We will find out soon enough. I hope we get back to 6 fast then i will also sell my last 50%. Dyor
Well lets see. Happy with my 30%
This is nt AIM at it s best, this is total MM SKULDUGGERY.
Surely ILLEGAL
Just wish i d seen it at 9 am and made a packet.
A year from now could be a 10 bagger from todays price Mr P
From the Progressive report:
"The only pitfall is that the company currently has a weak balance sheet. Management is
aware of this and is looking at ways of getting the required funding. We believe that this
could come from a combination of farming out an interest in its licences, an equity raise
and bank financing. Once the field development plan is approved, much uncertainty will be
removed and we believe that management will move swiftly to get the financing in place."
Could explain some things...
.... This is indeed a big disappointment for Petro Matad and its shareholders for whom high expectations and a long wait have led to a dry hole at Velociraptor 1. But Mike Buck is right to say that this reasonably inexpensive well in a frontier acreage had to be drilled.
It is good that Block XX received the necessary approvals last week and it should be remembered that there are plenty of exciting things to go after in the Heron development. All is not lost…
Professional
There could be some large trades still to be reported after hours today or tomorrow.
I added to my pot today at whenever price i could get just like many other holders. I have a target holding in mind to get to. Selling at 6p last week was NOT why i invested here. This is a transformational period in MATD history and i want to see where it is sitting 12 months from now
When you look back over the years n years of drops and rises in MATD due to large volume price movement ...there always seems to be a telltale sign of what is going to happen a day or so before the news arrives..
Many of the posts on here have indicated that "LEAKS" arrive before the actual news..
So due to the drop on Friday 7th.... had it been leaked already that Velociraptor 1 was a duster?
There seemed no other reason for that sell off on Friday and come Monday the MMs new it was coming and battered the hell out of the share filled their boots @ silly low prices and will now wait for the good news it come or may have even sold and made a good earner.....
Being ahead of the news will alway pay dividends and its nice business if you can get it...
So can anyone explain the low volume?
Only 33 mln shares traded which is peanuts in money. 1.5 mln.
Even everybody on this BB which says he/she is positive and this is way wayway undervalued had bought only 100k shares today we would have been up.... some what is not adding up is what people say and what they do...
So much value to be realised from HERON oil field which is now on Fast track to Oil revenues. Block XX will be in the spot light.
No more distraction from Block V.
Multi-billion investment coming into Renewables. Sun-steppe JV should pick up steam also.
26.7 I would be delighted with that but then i think we add on the renewables and whatever maybe in store with PM Energy. Maybe it is me but if this is set up with the government as partners I just think there is something big in this. GLA
Absolutely true Master. Many were aught with their pants down when the LP landed and the same will happen again.
No doubt.
Dax1: no worries - what's important is: You don't get it.
Never second guess the market and always read between the lines.
AIM Shenanigans at its best 🤔
I agree. Lets take a look at the RNS :
Petro Matad Limited (AIM:MATD), the AIM quoted Mongolian oil company, announces that the Velociraptor-1 exploration well in the Taats Basin of Block V located in central Mongolia reached a total depth (TD) of 1500m and wireline logging has been completed but unfortunately all the reservoirs encountered were water bearing.
The well came in close to prognosis at all levels. The primary objective Late Jurassic/Early Cretaceous Undur Formation was encountered at 1170m and had good quality reservoir sands interbedded with shales over a c. 200m interval. In the secondary objective Early Cretaceous Shinehudag Formation, three thick sand units were drilled with average porosity of around 18%. Good quality electric wireline logs confirmed both objectives to be water wet.
The well will now be plugged and abandoned and the rig will be demobilised. Operations were carried out on time and as budgeted with the full support and cooperation of the local community. The well results will now be incorporated into the Company's interpretation of Block V before any further operational activity is undertaken in the area.
I can not believe this share price ended where it has today. I must be drinking something that has an impact on logic. Good luck all LTH but as Biden says "C'Mon man"
I did not read all RNS and none of the posts either,It may go Blue Who knows
Here we go. Shows how much research some people do before they post on here . NO OIL. WE HAVE A FEILD thats about to produce millions in revenu.
Same as those who said LP will not come when some of us said LP was 100% guaranteed
Dax, read the rns from Thursday lol
4.6 finish my guess
I don’t get it there is no oil and the share price is still strong,Don’t get burned
Might still turn blue but looking at first thing when I said it might happen due to numerous reasons and even if it does not gives firm footing for the rest of the week to book rises
Expecting some big fat late buys to show up after hours
Yep great turn around…. Market had nothing priced in @V1.. now 27p priced in on proactive… could well end the weeks 7/8p if Buck uses his head and puts out positive updates…
Potential for one of t best turn around a ever on bad news!
This rose +65% from around 4p last Thu on LP
Only reason rise last week got stopped short was due to uncertainty about V1 results.
Fully expect the proper LP rise now to resume where we left off last Thursday.
We could re-test 7.30 intra-day high from May