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How much oil have you pumped herd since apparent discovery?
What is success rate on drills here?
Why is such high mc at the moment?
Genuine questions.
Be happy - and don't forget keeeeeeeep pumping.
Followed Manro’s advice and 15 green boxes today! I’m assuming I’m not missing anything but RENAV 58p you sneaky little so and so, “any day now”!
If you want reason Mr Dusthater for Multibag rise in MATD share price then read this first
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Be happy & research sir :)
So you expecting £130m market cap in April - on what news exactly please?
Love price 4p gone, next stop 15p on LP and velociraptor RNS, April will be a explosive month, any one sold out today please do some research here and realise what you have done lol, kep watching matd this month,
End of year could be a ten bagger from here
This is why RENAV here is 58p and not difficult to see how fast expansion will be
2023 Breakout year for Breakout stock at Price breakout right now.
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
DQE deal will fast track this well / revenue growth & why all piece fit together so well.
Remember before all talk was we are in discussion with DQE
Now we know deal already have been agree for final signature from head office. This when LP come so NEWS on NEWS on NEWS :)
Negotiation for deal must consult with head office when making deal so signature now just formality for MÀTD / DQE partnership & revenue growth.
What will happen to SP? ;)
Happy & cash rich :)
Master82
Thats about right. 15 wells at approx 600bopd takes you 9000 bopd as PM originally said. Mind you Heron-1 flowed at over 800 bopd rate naturally to surface at 46 API which was one of the best oils ever discovered in Mongolia even better than Petrochina.
Thats how Petrochina got to peak 25,000 bopd starting with few wells rising to around 50 wells. Their production is declining gradually. PetroMatad can fast track their wells from the Multi-well DQE deal.
Also oil is benchmarked at Brent crude price less 5% discount. Loads of CASHFLOW to come. We just need to sit tight or accumulate before fireworks start....which is just a matter of time starting with April.
Agree mr Big bench and also expect new Drilling Block news from timeline I post few day ago for DARIGANGA XXIV
Happy time :)
Doc.
It's not shocking at all. They haven't had anything to sell to fund ongoing operations.
That's why the Land Permit is so significant.
When that lands everything changes.
Heron starts to produce oil, funds start to flow - literally, and Petro Matad start to plan become cash generative and the Share Price reflects this.
Chalk and cheese.
If you think the Land Permit will come this year you'd be mad not to buy at 4p a share.
Hope to see this 6-7p by end of next week... even then it still well undervalued.
Well now is the time mr Grumpy ;)
Q2 Newsflow & DQE deal to grow revenue very quickly.
Do not look back now mr sneaky Doc but FORWARD
Be happy & not grumpy :)
This might rise like Prem. Like I said 15 wells in block 20 is what PM is proposing to the local government.
Plenty of oil to extract on kilometres away from the PC facilities.
Hi Dinger,
I also meant to thank you for this. As an investor who first jumped on this rollercoaster in the July 2021 raise, I am a bit shocked at just how much they have raised over the years.
Jan 2018 - Placing to raise $16m at 6.5p per share for drilling
June 2018 - Additional placing to raise $18m at 10p per share
July 2021 - Placing to raise $10m at 3.5p per share
Feb 2023 - Fund raise of $6m
Add on the $15m exit penalty/compensation from Shell and it totals $65m! With that outlay, they really need to start making some money of their own.
Thank you D1inger. This is a great summary of what us LTH’s holders have experienced. In two years or less, you’ll be too busy enjoying your profits to have the time to prepare an updated summary.
During April with lot of Newsflow on multiple fronts. Could see flurry of fence sitters jumping back in MATD today for next week RNS.
4p broken already.
4.10 paid already.
T212 recovered now
was an unusual 10 minutes where I went from being 5% in profit to a 45% loss instantly
stupid glitch!
Landicaamans.
Well done. You got to +1m shares first.
I am also working towards the +1m target. Not there yet. I know quite a few posters here sitting on more than +1m. Bravo for keeping your nerve for past 6 years or so. Rewards should be equally juicy.
I’m looking on the BT and it’s 3.9/4.1p. T212 is wrong.
Look like GONE.
Next will be lucky to BUY under 5 or 6p
Be happy for life, wealth & family :)
weird T212 showing that this has just dropped to 2.02
Very wise I think mr Landicaamans and think 4p BUY opportunity will be long gone next week sir.
Like article say Q2 should see "INEVITABLE price rise"
Do not think article use so sure wording if not really STRONG case for this. Have good information on BB & breakout look like it just starting
Be happy & 1 Million holder sir :)
Ask @ 4.10
Michu likes Wise Owls elaborations on being a 'sneaky doc' and so recently quietly sold 40% of holding here across 3.75 to 4p range for smallish profit - and put that into copl.l instead - but Michu panic a bit yesterday about too small a holding left here now if LP drops soon and so search down back of sofa last night and find some money to buy some back here today. Michu has a few sofas and so maybe he'll look down back of other sofa(s) for more buying back in here soon again.
PS: WiseOwl seems to know a lot about how to be a 'sneaky doc'.. me hopes Wiseowl not a 'sneaky doc' too ?! (not least including him sniffing around copl.l board recently too)
You don't have an answer to my question. Why are you still talking nonsense.
Come up with a proper answer as to the negative side of PM.