The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Matd about to go through a transformational period - from an ugly duckling into the goose that lays the golden egg?
BP- Please just "Go Away" the responsible owners of this company dont need your..... "constant-Negative-nusance-post"..... "If you dont have anything good to say"!..... "Just Go-Away"? .... share your miserable life with some other investment board"!..... "We - "the resonsible owners of our MATD'r - "Bid you "Far Well"!
for of us R.O.O.M.T.D'r... Happy Easter".... soon we will benefit from all of your positive-informative-posts"
Gla- Rejoice Sooon"!
Think Easter time for egg & not sour grape ;)
Thank you for good post from poster here & base on fact. Will invest according to this and not sillly comment from other.
Be happy & good :)
Looks like we're winding up for another multi-bagging spell from the rampers!
Good post D1nger, Working interests, operatorship, tenure. Petro Matad holds 100% working interest and operates Block V. Exploration Licence runs until 29 July 2024
Proven petroleum system.
2018 Snow Leopard 1 with good oil shows Large, shallow prospects with multiple targets identified 7km south of Snow Leopard 1 along the Raptor Trend.
Transformational potential for country and company. Approx 200MMbo' recoverable resource potential in Velociraptor Prospect which is drill ready. Approx. 380MMbo' follow up in adjacent structures. Very low cost drilling (<$2.0MM) 20% chance of success, better than most high impact frontier wells.
Time remaining on PSC sufficient to follow up success with appraisal well, well testing, related post-well studies and Exploitation Licence application.
Precedent set for Exploitation Area to include discoveries plus adjacent exploration upside. Potential to be on stream within 2 years and to meet the needs of the Mongol Refinery on start-up. GLA
Happy Easter" to all the responsible owners of our MATD'r that are posting on this board".
Thanks Again'.....
D1nger.... Good on ya Mate'.... good stuff'.... thanks Mate for being a responsible owner of our Matd'r.
GLA'.... soon we can say "We Did it"!
I don’t think we know how big Velociraptor could be. Mike seems pretty confident about it as the company thinks the oil from Snow Leopard migrated to the trap they have called after the nasty dinosaur.
Matd operate on a 17% recovery rate estimate, which means the Velociraptor target is thought to contain 1182million barrels of oil and probably why their upper estimate is 400million barrels recoverable.
Fox is the same 200m recoverable so makes it a similar estimate of over a billion barrels in place.
Phoenix and Phoenix West are even bigger with a total estimate of 360 million barrels recoverable.
Matd has stated that modern drilling techniques can bring the recoverable rate up to 30% which means the total potential recovery (if successful) between Velociraptor, Fox and Phoenix is circa 1 billion barrels.
Mongolia is going to have to build a **** load more refineries because the current capacity of the refinery being built is 30k barrels per day which will take 91 years to process if Matd’s drilling of the prospects prove to be successful.
This is important to remember, we already have a local permit for Velociraptor.
There has always been massive potential here, the permission to drill and exploit Heron is huge, it’s massive, it is THE most important key to Matd’s success and when granted I am guessing a lot of people here will make a very nice sum of money, as will the company.
2023 - The year of the Yak. Good luck
iamrich: I am certainly one of those long termers you mention and I thank you for wishing us well. And yes: We would really deserve to benefit from a positive boost of the SP - after so many years it would be about time!
The earlier it happens the better.
ATB
Alot of coverage in the media, have to say matd has turned out to be the share of the year already for me, can see alot of new people joining us next week and then add the traders and sideliners fomo,
Although I want this to happen for me I really want the long termers here to benefit from the huge share rises to come as they deserve it the most for their patience,
10p next week written all over it….. the good old days of 37p will be here again soon.
Nice find Mr.P
Thanks for article MisterPositive - Matad is surely sat in a prime position for this.
Doc83 - Totally agree regarding the SP after LP being granted. The EL got us to 9p last time, and even now with some dilution after the raise, we would surely breach 10 or ever 15p. Maybe even spike much higher before a correction.
When this SP gets moving, it moves rapidly rather than steadily.
Pepe - I won't be selling any below 10p but it probably depends on what price the SP reaches after the LP is granted.
If we get the LP soon and it doesn't get past 10p then I'll be very surprised and may have a tough decision to make then.
But ... I truly believe the SP will be considerably further down the line after the LP being granted and when money is actually rolling in from us being a producer rather than an explorer.
All of this is IMHO of course, but I think this year could / should be huge for us.
GLA
Interesting article. Thanks, Misterpositive.
Re SP for Matad IF LP arrives, you can sure it will massively overshoot before settling down. My own price target is 10-15p on LP, but who knows, it could briefly spike to double that before settling back.
https://www.telegraph.co.uk/business/exporting-from-uk/eecan-export-opportunities/mongolia-markets/
Longer term is 50-100p sir because of fast track development & revenue from production / partnership with DQE which grow company without dilution.
If you look price was 9p with just EL AND without funding which market know must happen AND without Velocirapror plan AND without renewable AND without new block AND without DQE deal agree term AND with lower oil price.
Now have few more share but much much better position for price rise from LP which fund other thing
Think will be volatile sir but price settle at very high price from now just on LP.
Best one to hold & Q2 should be GREAT time for holder of MATD :)
Bluechipz.. then not selling any below 10p not? And leave some for long term 15/20p ?
It's the stuff that's been put out by the Mongolian Government that matters most.
LondonSuede - we all know the stuff that's been put out to the press by the company but - WHAT DO YOU THINK?
https://bloombergtv.mn/news/g1m93
"Petro Matad" will start drilling the "Velociraptor 1" well in Mongolia in June
Petro Matad: Obtaining the license for Field XX will generate cash flow
"Petro Matad", a company listed on the London Stock Exchange, has announced that it will start drilling the "Velociraptor 1" well in Field V in Mongolia in June of this year. It is estimated that 200 million barrels of oil can be extracted from the well. It is estimated that it will take 30 days to drill a total of 1,500 meters.
In addition, the Ministry of Mining and Heavy Industry has prepared the necessary documents for the exploitation license of the XX field, the statement said. As a result, the work of approving the said area as a special purpose zone remains.
If the permit is obtained, Petro Matad will be able to use the Heron-1 well and generate cash flow.
Petro Matad is offering shares at a discount to the primary market, and said it will use the raised funds to drill and evaluate the Velociraptor 1 field. It is also planned to spend on signing new contracts, developing energy projects, and securing mining permits for deposit development.
Petro Matad: Obtaining the license for Field XX will generate cash flow
https://eguur.mn/401574/
"Petro Matad", a company listed on the London Stock Exchange, has decided to start drilling the "Velociraptor 1" well in the V field in Mongolia this summer. Specifically, the work will start in the sixth month.
It is estimated that 200 million barrels of oil can be extracted from the well. It is estimated that it will take one month to drill a total depth of 1,500 meters.
Petro Matad in Mongolia oil strike | Upstream Online
"Petro Matad" offers shares in the primary market at a discounted price. The raised funds will be used for drilling and evaluation of the well. Along with this, it has been reported that it is planned to spend on the development of energy projects and the verification of mining permits for deposit development.
"Petro Matad" offers shares in the primary market at a discounted price. The raised funds will be used for drilling and evaluation of the well. Along with this, it has been reported that it is planned to spend on the development of energy projects and the verification of mining permits for deposit development.
In the company's statement, it was mentioned that the Ministry of Agriculture has prepared the necessary documents for the license for the XX area, and it was noted that the approval of the drilling site as a special purpose zone remains to be done.
The approval of the permit for the special purpose zone will allow the use of the Heron-1 deposit well.
LP should be an immediate re-rate to over 10p.
Maybe even over 15p, and that could happen any day soon. Hopefully of course ... nothing is certain but it's looking good.
Everything else after that such as Velociraptor striking oil and other drills etc will push the price up even more.
The LP will be a total game changer for the SP though, and the company as a whole.
Be decision time when the LP lands as wether to top slice, take all the profit, or hold for potentially a lot, lot more.
All IMHO or course. DYOR.
Ojay sorry typo error rwe=we Will see..
This is why I repost Progressive Report if it can help people see all in one place
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Say again why most people who do research on company AND govt regulation VERY confident of LP soon. Also why LP not mention as risk in SWOT section of report.
Make own investment mind up :)
pepemartinez: What does "rwe" stand for?