Petro Matad Share Chat (MATD)

he lies...his only purpose is to separate anybody who reads its posts from their money....that's all

he lies...his only purpose is to separate anybody who reads its posts from their money....that's all

All this talk of pre-spud rise, post spud sell off............its all VERY BORING. Its BS trader talk. Its the talk of fools and people who lose money more often than they make it.

With any share.........you never lose anything until you sell. You never make anything until you sell. When you sell is the point at which you take a profit or a loss............ until then its just numbers on papers.

If Wild Horse-1 is a duster then only people who WILL lose money are those who sell. I will not lose any money as my holding will remain and we move on to Fox-1 in April 2019....worth up to what, around 180p a share upside.

People who actually hold MATD shares and who actually are going to hold for the coming 5 drills dont really care at all about the share price going up or down now. It means nothing. Results of drills is all that counts.

Everyone talking about short term rises and falls..........they are just traders and have no intention of holding MATD for the long term - and really, when it comes to talking about the company and the prospects and the coming 5 drills - traders are the people you really do not want to listen to.

So please................. nobody real MATD shareholder cares if it falls today or rises today, if it falls pre spud or rises, if it falls on spud or rises................all that matters are the results of this well and the other 4 wells being drilled in H1 2019.

Looks like its working as the SP has dropped today.

Fundraiser you don’t seem overly confident of success?! IF they do strike black gold how do you see it out of interest?

No chance will it rise back to the placing price they have already hit a duster and spent $7m of their cash in the process. The 9% COS in the Edison report has put most ppl off it seems but it will bounce at some point during the drill once we have had the sell off at spud like all other oilies we will drop on spud day as ppl don’t want to risk their capital on a wildcat drill. Short term Matd is been shorted imo, happy to add more at 5p depends how low the shorts take it I guess but there won’t be a pre spud rise as spud is only 10 days away if it was going to happen it would have happened by now and think today’s sell off is the realisation that this isn’t going to rise in spud, no oily has this year unfortunately

I can’t understand the current low SP, Spud at end of this month for one of the biggest potential oil plays on AIM! What am I missing?! Anyway added more at this price, surely on spud we see a gradual rise back to placing price at least?! DYOR.

If the MMs are short which they do look to be then we can kiss bye bye to any pre spud rise unfortunately, I understand why they are short WH has a tiny Chance of commercial success 9% is pretty bad, but I’m sure the shorts will be closed before TD in early December so a bit of patience required to ride out the lows whilst it is shorted but expect this to recover in mid November as the shorts start to close out, will average down if it goes towards 5p

It's 480 million barrels of oil

Of 16 pounds worth. To try and bring price down and scare people out. I still believe mm are short here. Pesky mm. But they will be burned very badly is the beast comes in.

Nice to see the support for the young,Mongolia will need educated professional experts to take them forward in the oil industry, and the development from oil.

I think that anyone who has sold recently will miss out as the sp is ready to fly. It's drops slowly on big sells and jumps fast on small buy's. Any buying pressure here will move this fast. MM's are stocking up.

SP dropping to 5.92p with no sells. 2 x 100k buys at 6.10p and were down... Shaking the tree for one last time before the rise back to 9p pre spud..

Oiler: When quoting "facts" concerning Shell's pulling out of PM without mentioning the reasons you are clearly abusing part of the facts for your personal agenda.
That doesn't make you look good at all - but if that's what you want then be my guest and continue disqualifying yourself.

Oiler: When quoting "facts" concerning Shell's pulling out of PM without mentioning the reasons you are clearly abusing part of the facts for your personal agenda.
That doesn't make you look good at all - but if that's what you want then be my guest and continue disqualifying yourself.

Oiler: When quoting "facts" concerning Shell's pulling out of PM without mentioning the reasons you are clearly abusing part of the facts for your personal agenda.
That doesn't make you look good at all - but if that's what you want then be my guest and continue disqualifying yourself.

Has Oiler87 apologized for the disgusting lie posted on here about Wild Horse-1 originally being 3000m deep and then changed.

Outrageous lie that that was, pure and unadulterated lie to scare the unwitting into selling..........has Oiler87 apologized yet for it ?

Updated 18th October 2018:

Well Name: Wild Horse-1 Block IV

Targeting 480 million barrels recoverable (mid case Pmean) 100% owned
(Pmax case is nearer to 1 billion barrels for Wild Horse)

Geological Chance of Success (Pg) = 20% for WH-1

Additional follow on prospects on Block IV of 750 million barrels Pmean rec. derkisked in the Wild Horse area if Wild Horse-1 is a success.

Wild Horse-2 appraisal well already permitted for, in the event of success.

Block IV is presently undrilled. WH-1 will be the very first drill on Block IV.

Due to analogous basin geology across the border in China there is a higher than frontier chance of success for frontier levels of potential

Notable Chinese productive basins include: Junggar Basin 10 Billion barrels recoverable, Songliao Basin 20 Billion barrels recoverable and Bohai-S. North China Basin with 40 Billion barrels recoverable.

Well defined 4-way dip structure and amplitude anomalies that are indicative of hydrocarbons. (Soft amplitude anomalies which conform to structure)

CEO Mike Buck comments that it is “A must drill well”.

Royal Dutch Shell have told MATD they want to see Wild Horse-1 drilled.

Endorsed by Wood Mackenzie by their inclusion of Wild Horse-1 on their “one to watch wells in 2018” placing Petro Matad on a list alongside super majors like ENI and Repsol. The only onshore well to make it into the WoodMac list.

Spud late October 2019. Estimated 30 days to drill and log (up to 45 if delays)

Sinopec state 25 days to get to TD ( www.dailymotion.com/video/x6u32kz )

** PSC terms (the important bit to value any discovery with)

0% Corporation Tax

Royalty: Block IV 8%

Costs of Exploration, Development, Operations and Transport can be recovered in the success case. The implication for this is that on any success, when coming to arrange finance, this puts the company in a very strong position as it can demonstrate it can repay debt out of Gross revenue rather than profits. Yes, that is remarkably excellent, even transportation costs to sell the oil are recoverable. Pretty much WOW.......... The whole lot, explo, dev, op, transport...all recoverable.

Contractor Profit oil split: Block IV 50% to 57%

A mere 150 million barrel recoverable size find on Block IV for MATD would have an NPV10 of 1.27 billion US$ thanks to low cost of development wells, easy trucking and very good PSC terms ** (that value will be higher now due to rising oil prices)

NPV10 based on Economics run at Dec ‘17 Forward Curve prices: 2018 $63.67/bbl, 2019 $60.58, 2020 $58.56, 2021 $57.62, 2022 $57.25, 2023 $57.22, 2024+ 2% Esc

Updated 18th October 2018:

Well Name: Wild Horse-1 Block IV

Targeting 480 million barrels recoverable (mid case Pmean) 100% owned
(Pmax case is nearer to 1 billion barrels for Wild Horse)

Geological Chance of Success (Pg) = 20% for WH-1

Additional follow on prospects on Block IV of 750 million barrels Pmean rec. derkisked in the Wild Horse area if Wild Horse-1 is a success.

Wild Horse-2 appraisal well already permitted for, in the event of success.

Block IV is presently undrilled. WH-1 will be the very first drill on Block IV.

Due to analogous basin geology across the border in China there is a higher than frontier chance of success for frontier levels of potential

Notable Chinese productive basins include: Junggar Basin 10 Billion barrels recoverable, Songliao Basin 20 Billion barrels recoverable and Bohai-S. North China Basin with 40 Billion barrels recoverable.

Well defined 4-way dip structure and amplitude anomalies that are indicative of hydrocarbons. (Soft amplitude anomalies which conform to structure)

CEO Mike Buck comments that it is “A must drill well”.

Royal Dutch Shell have told MATD they want to see Wild Horse-1 drilled.

Endorsed by Wood Mackenzie by their inclusion of Wild Horse-1 on their “one to watch wells in 2018” placing Petro Matad on a list alongside super majors like ENI and Repsol. The only onshore well to make it into the WoodMac list.

Spud late October 2019. Estimated 30 days to drill and log (up to 45 if delays)

Sinopec state 25 days to get to TD ( www.dailymotion.com/video/x6u32kz )

** PSC terms (the important bit to value any discovery with)

0% Corporation Tax

Royalty: Block IV 8%

Costs of Exploration, Development, Operations and Transport can be recovered in the success case. The implication for this is that on any success, when coming to arrange finance, this puts the company in a very strong position as it can demonstrate it can repay debt out of Gross revenue rather than profits. Yes, that is remarkably excellent, even transportation costs to sell the oil are recoverable. Pretty much WOW.......... The whole lot, explo, dev, op, transport...all recoverable.

Contractor Profit oil split: Block IV 50% to 57%

A mere 150 million barrel recoverable size find on Block IV for MATD would have an NPV10 of 1.27 billion US$ thanks to low cost of development wells, easy trucking and very good PSC terms ** (that value will be higher now due to rising oil prices)

NPV10 based on Economics run at Dec ‘17 Forward Curve prices: 2018 $63.67/bbl, 2019 $60.58, 2020 $58.56, 2021 $57.62, 2022 $57.25, 2023 $57.22, 2024+ 2% Esc

Could be kinda funny remembering their posts - unless some poor hapless soul actually listened to them.

And here we are on the cusp of drilling the “beast” and they’re nowhere to be seen - they took their money and ran off ramping somewhere else - there’s a lesson here somewhere Lol

Yeah but I think Oiler’s drinks been spiked!

Sandytoes,

I would call Mr. Positive and Oilbell as glasses overflowing in their heyday here haha

Sandytoes- I think we all know who Oiler87 is.

Victor you are absolutely correct in saying those posters have disappeared.. However our new friend Oiler seems to be just as prolific if not quite so positive. Agendas agendas, half full half empty but all so very genuine.....

Bladerman -went into aaog and was saying it's the best thing since sliced bread. I just wonder at what stage the placing will come for another licence or the other asset they have mentioned in the rns the 1 trick pony. Potential reserves of 37million barrels valued at 39.6p a barrel. Oilbell seems to be into i3e what NEEDS funding or a partner for the potential 80 million barrels reserves, what are valued at 31p a barrel Our potential reserves valued at 5p a barrel and we are Fully funded. Anyone know where mister positive is...