Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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CW , well done !
This would be a life changing not just back to profit.
Well I've bumped my holding up here. Made some nice profit day trading MEAL and decided to put the proceeds here. Should've done it last week, but oh well!
6/7p and ill be s very happy man
I am back in profit gla
3.6 On Ask Now !
Lets' go !
As I said if you are lucky enough to have cash available that would be exceptionally great time to add or get in.
Nothing can stop MATD asa LP granted.
Strong buy.
Crikey , 3.55 paid
Hopefully this is a different beast now. Waiting for LP granted which easily makes it double digit.
I have as always said more shares than many here. Looks very possible. A repeat of 2017, but We only miss mr positive. But we have a new version positively which will do. Let's see how fast we get to that level.
That’s because this is ‘ Christmas Hamm’
Ticking up 3.40 paid
ATB
Hamm - Am I mistaking you for someone else, but weren't you highly negative on MATD and MB and his talk? LP still missing but you seem very positive now?
We might just get our LP before year end. That would be the best Xmas.
Double digit on the way.
There's some meeting that's happened today.
In Dorno province. They must have discussed PM.
Great time to buy if you have free cash. History seems repeating itself.
2p to 35p.
Lovely cold day.
Someone sweeping these up, some news surely..
To provide a baseline context for the 20-50p+ expectations leading through Q1/Q2 2023.
We need to remember that the Exploitation License includes the entire extension into Block XX of the proven & producing Toson Uul Basin, with an estimated 2 Billion bbl oil in place in the PC operated Block XXI & XIX, adjacent to the significantly larger Block XX.
It enables Petro Matad to continue to increase the proven reserves within the area in addition to the existent potential in the Heron structure.
MATD can go it alone with expansion / development funded from production revenue, as stated by the company.
However the DQE partnership would majorly accelerate scalability/ revenue generation and the upside progression of the share price within a significantly more condensed timeframe.
The upside metrics here are excellent, timeframes condensed, risk profile robust & scaleability clearly defined with a partner already working with Petro Matad.
We should receive the LP Special Designation any day now, as Mike Buck stated and the major re-rate as we move into the 20-50p+ price levels.
As always, research this independently and all becomes abundantly clear.
Regards
// I expect LP to be granted before the end of the Autumn Parliamentary Session and then it's onwards and upwards for PM.//
Nobody knew the LP was even an issue 6 or so months ago - why wasn't the SP soaring then?
Velociraptor
Mike Buck refers to Velociraptor at 16:20 into the presentation linked and also states all relevant permitting in place.
https://youtu.be/NO6lIYruWDM
At 18:30 he discusses the actual COS and the existent hydrocarbon system in place, hence technically a "Wildcat drill but a better than Wildcat chance of success". " Huge resource potential, transformational for Petro Matad and Mongolia with 900m of stacked potential within the prospect"
I hope new / existent investors investors will listen to the presentation to independently validate the info posted, as is right & proper.
Hope that puts the Velociraptor drill into some sort of context as part of MATD's wider operations.
Petro Matad are in the great position of having a fully funded, high impact Exploratory well ready to go in Velociraptor AND an existent asset base in Heron that in itself, supports a share price multiples of the current level.
That Exploratory / Production risk profile & anticipated upside progression, is what makes MATAD such a special investment stock.
Regards
Matd’s initial recovery estimates on Heron were based on a recovery rate of 17% which gave an estimate of 33 million barrels. This was revised to 30% with the aid of advanced recovery techniques which gave 60 million barrels recoverable from 200 million barrels oil in place.
Velociraptor has a mean recovery estimate of 200 million barrels which means that using their base of 17% would provide that Velociraptor is huge with 1.2billion barrels oil in place.
Let’s hope it becomes the game changer it promises to be.
Have a nice week folks
I've waited 5 years for the Velociraptor to be drilled, I hope 20% cos is being conservative on PM's part and I hope they pull it off. Long time to wait to come up dry, really hope it comes up trumps. Is it PM's time to shine??GLA
Velociraptor is a large, shallow, inversion anticline in the Taats Basin with Mean Prospective Recoverable Resource potential of 201 MMbo. Work is progressing to secure the environmental permits for the drill site and for potential follow up locations along the Raptor trend.
Thanks lets hope for something big
It’s part of the PSC contract that Matd spend a required amount on exploration of defined areas, in this case it is block V.
There are high hopes for block V and Velociraptor was identified as a high prospect drilling site along with others.
‘On Block V, Velociraptor, Fox and Phoenix are high impact prospects that the Company has matured to drillable status in the Taats and Tugrug Basins where it has proved that active petroleum systems are present.’
I have one question from MB presentation
Are we exploring Velociraptor because we are obliged to under some previous agreement or are we drilling because we really believe there is a commercial discovery under there.
The reason i ask is the presentation seemed to give impression we were obliged and at 20% CoS it hardly sticks out as wildly positive. I would hope that the CoS would be closer to 30% but maybe he is just being very cautious and not wanting to get our hopes up too much.