Petro Matad Share Chat (MATD)

As much as I hate to admit it I think Fundy is talking sense. Lets me honest we all have our worries that WH might be delayed but burying our heads in the sand is not going to make the problem go away. When SL spud its not like the share price shot up. If anything after the spike it started steadily dropping. As much as WH sounds great people are wary and if you check the weather its not exactly great. I think it will get delayed. If MB was adamant the spud will go ahead why would he not specify a date to calm invested share holders. He was being vague. I am stuck at 10.9 so I would like the price to go up as much as anyone else but I think its time to be realistic.

To be paid today ? A bit of fomo could see this jump 10%.

5.89 now,The Phoenix is starting to rise from its lows ! Investors buying now will be well in the money when the Wild Horse Spud RNS hits the market.

Link below shows the economics for a find of 50 MMBO and 150 MMBO on Block IV or V

http://oi66.tinypic.com/158a8oo.jpg

As Wild Horse-1 is massive, the biggest ever 100% owned drill on AIM...............the success case for a 480 MMBO is just mind blowing.............in terms of the value. And 480 MMBO is just the mid size............if the upside comes in then Wild Horse on its own could be near 800 MMBO recoverable in a single prospect. Have to remember, a good chance of no oil.............but if it does strike oil the top level find would be near 800 MMBO recoverable........mid size would be the quoted 480 MMBO recoverable.

I'm saying the 10% value is on the strike. Once funding or a partner comes in you can see our mkt cap reflecting at least 20% of the oil worth in the ground. And will steadily rise until into full production.

Below link shows the use of process from the 10p a share placing in which DIRECTORS purchased 250K US$ of stock recently.

http://oi66.tinypic.com/2hg9x0n.jpg

All 2019 planned costs including PSC and G&A are fully covered.

SBB1, the value of oil all depends on the investment case. You cannot assign a value in the ground unless you know the cost of lifting, the investment requirement, the cost of transporting the oil and of course the revenue you can make per barrel depending on the PSC terms.

The company has clearly show the NPV10 value (which is what you use to value). Based on Mongolia, location, lfiting/trucking costs and PSC terms a 150 MMBO find would be worth on an NPV10 basis 1.2 Billion dollars with an IRR of 114%.

This would scale up dramatically for a 480 MMBO find............. probably around NPV10 of 4 Billion dollars and an IRR of around 140%.

If WH-1 strikes and they move to appraise with the already permitted WH-2 then the value is going up way higher than simply 700%.........

A sniff of oil during drilling and this will be around 20p to 30p before the final RNS comes..............

Potential Upside v downside... Clear winner is upside.

At 5.8p could see a 700% gain on a strike on wild horse. In it to win it.

All this talk of 3.5p over the winter is getting me very excited indeed...I wil triple my holding at that ridiculous price if we ever get that low...who cares if it's tied up for few months.....I don't mind waiting over Christmas for a ten bagger!!

WildOne1.

Your love for a company you have no shares in shows you really are just.........well..........haha...everyone knows what you are.

The last placing........do you know what the placing was for ? The percentage figures for the cash raised as to what they will be used against ?

No.............no of course you dont because you have not got the slightest clue about MATD.

So let me help you.........

Last fund raise was for :

Of the money raised at 10p a share (in which the directors purchased 250K US$ of shares at 10p).

This is what raised for, how much and when to be used.

Fox-1 Well, Block V 9.0 Q2 2019
Red Deer-1 Well, Block XX 2.9 Q2 2019
Contingency/well testing 0.8 2018/2019
PSC Costs 0.9 2019
G&A 3.4 2019

So 2019 full year PSC and G&A costs are fully provided for.

Now then, can you stop your lies and deceit............or do you wish to continue to show everyone what a complete $%#$%#$%#$ you are.................

LOLOL :)

Bones, Matad have not delivered a single solitary thing on time, why would you expect this time to be any different? Another worthwhile question is whether Matad is truly "fully funded" for the remaining 5 wells? A little transparency on next RNS would be appreciated, but certainly not expected given limited and poor comms. G&A expenses have skyrocketed on a year on year basis. I am doubtful they have the cash to drill 5 more wells without raising capital yet again.

Wild horse basin is targeting 480 million barrels of oil. The size of the basin and that it's onshore comands a higher price per barrel in the ground 7$/ £5.35 a barrel compared to offshore. In money terms it equates to 2,568,000,000 pounds worth of oil. The market won't give us anything like that on a strike. But I believe they could give us 10% of the value of the oil. So 257 million pounds divide between the 662 million shares in issue. So 39p/40p plus on top of the share price at the time of the strike. Plus oil is expected to go even higher because of sanctions on Iran kicking in was it Oct or November? In it to win it.

Our mkt cap is far too low when compared with others. Take a look at aaog, bpc and rmp. Judge for yourself.

I have finished my buying now by the way........holding well over 1 million shares with an average of just over 6p now. Very happy to hold this now for the next 8 months...........to have exposure to WH1, Fox-1 and 3 more drills as well..........all fully funded.

Look, its quite simple.

The Wild Horse-1 drilling area started preparation in August. It was planned for a seamless move from Snow Leopard location to Wild Horse-1 location, so all that could be done was done commencing in August so there are no delays in rig move and set up and then spud.

I dont think there is any question as to whether WH-1 will spud or not in the coming weeks.

You may question if it can finish in time as nobody can control the weather, but certainly it should spud and based on drilling season ending mid to late November it could well easily finish in time. The rig is staying in the WH location over winter anyway, regardless of well completed or not. It then mobilises to Fox-1 location to drill that in spring, or it can be used on site to drill an appraisal well WH-2 (already permitted) in the event of an oil discovery either before or after Fox-1.

Wild Horse-1 has 3 targets (the main target at the bottom is the 480MMBO one) but there are 2 shallower targets as well - which may be oil or gas if they are hydrocarbon bearing). So even if they spud and get down into the upper 2 secondary upside targets before halting for winter, that will at least let us know something. Hopefully they can drill all the way to TD.

As per the last RNS, the company has said they are in the process of the move and the next update will be on spud. There is not going to be any running commentary of what they had for breakfast each day and what they did each day........next RNS is spudding of Wild Horse-1.

My estimate was on or before October 8th........but it could be one of before October 15th.......just have to wait and see.

Ole Fundy's starting to sound desperate. He wants to short a share that went up over 1000% last year on speculation alone.
And that share is about to Spud a well targeting 480mb with 100% ownership.The word Folly springs to mind.

IG are taking no more bets on Petro Matad and Fundy wants to short em, lol

Spud rns next week?? 7 days ago the rig was still completing operations at SL, how long to do think it takes to deconstruct a rig, move it 450km on dirt track roads, then rig it up? It took 2 weeks for them to finish rigging up SL after it was 35% rigged up see 25th June rns, they didn’t spud until 9th July. Mid October is the best they can hope for imo but they haven’t given a date for spud so.... I may even short Matd I’m that confident of a delay rns one tiny issue with a broken part in transit on the rig or bad weather sets in and it’s delayed, if Sinopec decide it’s too cold nothing Matd can do about it

SL. SP.on 09/o7/2018 was 10.25 on LSE.

Give it a rest. You can't compare a 10% drop on the spud of SL to now. The SP is 5.775p with a well ready to be spud with over 5x more oil. Like you say SL spud and it was 9.5p... what will it be if it's about to spud WH ... much higher than 9.5p plus it'll hit target depth in 30 to 45 days..Massive upside... I agree 3.5p to 4p on a delay but there's s lot more evidence and statements saying it's going ahead as planned than otherwise. Spud RNS next week... Then the SP will rise and hopefully we will find oil. GLA

Experienced Investors will know how irrational & unpredictable the Aim market can be for these small highly leveraged explorer's - and this has been clearly demonstrated on the downside here this year.
The 2 large Placings completely killed the sp stone dead and condemned shareholders to a daily red drift as the placing subscribers unloaded their placing shares and then there was the SL duster to knock another 2p off the sp and complete the rout.

So we've seen some serious downside but do not be surprised if we also see some serious upside when WH Spuds, when punters see a rising share , as they will on WH Spud, it's like a magnet and draws ever more investors in, as was proven when the sp here went from 3p to 39p last year on speculation alone.

I expect the WH spud will get some decent traction north because there are no flippers to stifle the rise this time and when this turns blue speculators will all want a piece of the action on Aim's biggest drill of the year.

Irrational Exuberance abounds both ways here !
Gentlemen Place yr Bets !

Hold tight, Keep the faith and fortune favours the Brave..

This will be an 80 Mil MCap on spud with a sp of 10-12p once we get full clarity on spud and closer to drill results. The plan was always to move rig to WH after SL driling is complete and i personaly believe WH drilling will happen. No weather issues at all going by weather forecasts some posters have posted and furthermore drilling season ends late November which Mike Buck has confirmed time and time again.

http://www.petromatadgroup.com/wp-content/uploads/2018/06/Company-presentation-June-2018-final.pdf

page 27.

TD for WH - 2000 m.