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Expect big fat boys get in soon with massive buys. Excellent entry level or top up.
Trying to collect stock and are struggling. Decent buys coming in as quick as they drop it.
Big step up for the company and a good floor to accelerate off.
Added more at 6.07
Took a few attempts to get them
This pushes higher here this afternoon....7p plus at some point before close
Purely down to volume wings! 7p will go when the Mm needs it to unfortunately we are at their mercy for now. The previous spike occurred on relatively small volume, today we are crossing 60m and it’s just gone lunch
I must admit, I really thought we'd have no trouble getting past the 7p highs of the last couple of months. Hopefully it will push on this afternoon 🤞
ATB and GLA.
Alot of people will be waiting to see the seller's go then pile in as this stops any downward losses for them, fully expect another kick off after 1pm onwards
Maybe peeps are waiting for all the paperwork to be boxed after state holiday nadam probly.
Https://www.marketscreener.com/quote/stock/PETRO-MATAD-LIMITED-50916287/
Stuttgart? I didn't know matd listed in another market?
London needs to catch up with Sttutgart 74% rise
Come on London...we can do it.
Petro Matad Stuttgart up 74%
A lot of people may have put this on the back burner and have gone off to work this morning and won't pick up the news until their lunchtime or when they get home or when the inevitable news e.g. Malcy etc starts to filter in to their email in trays.
Fill up on the inevitable pullback it's only moving one way.
This would be over 100% already in a bullish market.
Well said MisterPositive. I couldn't agree more. PM are on a new trajectory.
Excellent news today and about time. We’ve only been waiting 3 years but now we have a tangible asset that stands us in good stead.
No such problems with Velociraptor in that all permits are in place and the application for an exploitation licence should be more streamlined after lessons learned from block XX.
I am predicting a steady rise until Velociraptor results and then hold on to your hats.
Well done everyone who showed patience and faith that this day would come.
Onwards and upwards Yaks!
Bigbench.
If V1 is a gusher then this rise way more than 40p in my view. Block gets de-risked and we got 4 raptor prospects each with 200MMBO recoverable
There is defo Oil in Block V as confirmed by Snow Leopard which had presence of oil but seemed to have migrated through the traps towards Raptors as per 3D analysis. This is going to be mega. Block V alone probably sitting on more than 1 billion barrels. Heron and surrounding prospects in Block XX combined sitting close to another Billion barrels.
MATD could potentially be sitting on circa over 2b barrels. This price will no where to be seen.
Please guys, don't spoil it
This is a really happy day.
Just enjoy.
Bad sport? I said Fair Play to WOS for his 9th July prediction. Don't spoil the mood Ojay, its a happy board today. Our biggest obstacle has gone.
Be happy as a certain poster would say.
Workover is just a 2 week job.
We are gonna hear lots of good news now.
RNS will be rolling.
12p fair value untill production of heron oil
Velociraptor is a bonus here, LP has opened up heron productions wait for drills and production and this will be 20p
C&C: What a bad sport.
BTW: I don't remember calling you an idiot - but maybe you are one.
GL
Just remember that the whole market is down today!
This is just a start guys.
Big thanks to MB that finally delivered what he has promised us.
Booooooom.
I'm looking forward to V1 update Master82. Today's RNS has set the tone. The next positive RNS will completely set the tone for a massive re-rate. Can't believe people are selling for peanuts, but each to their own I guess.