Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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please just do one mate...sell your UEN or whatever other shares you have and go away...god its hard not to swear here....most of us are here for years and have average a lot higher than a penny...but most here do believe since we binned our old CEOs we have a great team taking MTA forward...NO ONE will sell from you advice thats a fact...so pop off eh......sad to read your posts to be honest...sure jonjo needs tucking in anyway as well past 8 oclock... keep smiling ffs
as soon as it opens ..sell....take your hard earned money and run as far away as you can from these Russians..this share has done what?? in the last 5yrs??
Had a quick re read of the last RNS (second last to be precise) and Barskiy himself is quoting this: The quality, size and potential of the Texas asset offers considerable upfront and future value for shareholders. The acreage acquired provides significant potential production and resources upside for shareholders, in an excellent fiscal and commercial environment". To reiterate:- CONSIDERABLE UPFRONT (and future) VALUE FOR SHAREHOLDERS - for me and i'm sure many others it's all about shareholder value.
You need to stop taking yourself so seriously . You are patently wrong about Matra and future prospects IMHO . What makes you think what you say is right or beyond reproach? I specifically remember you defending Spiritramper a few years ago and saying he was entitled to be positive about Matra as a shareholder even when he was talking about £1 a share . Yes a £1!!!! How many idiots lost money then when they fell for the 30 posts a day he and his gang used to post eulogizing Matra . What anyone with a brain would have realized then was that he was part of a professional organized Scheme to suck people in. No harm in people ramping but not when part of a professional scam . Why didn't you say anything then? I did point it out frequently if you remember and you and your gang shouted me down even got me banned from your then Matra private members fan club on the advfn site . With hindsight it is easy to say that you were wrong or that you made your forecast based on being misled by Matra , So taking into consideration that no of shares have now doubled then your estimates of 15 and 30 can also be halved to 8 and 15p if we assume that in time production from us will rise dramatically when new wells drilled and existing ones reworked . What you again have conveniently forgetter ,having changed your tune on Matra , is that the value of shares particularly aim oilies is based on future prospects not current So your valuation of Matra based on projected current estimates is to put it bluntly WRONG and more than a tad lopsided just as your then estimates of 15 and 30p were wrong . By the way I was a large shareholder then when I used to attack you and the fellow deluded folk flying squirrell jimbo etc . Please don't be offended . Just pointing out facts . Ps Spiritramper just disappeared once he had made his money here and moved on to PYC which was going to change the world with its new cancer drugs .he did the same thing there and then disappeared . P.s Pyc has lost around 90% of its value from the Spiritramper pump and dump days . I think what you post is very interesting and worth reading but again IMHO you do to tend to take yourself a tad seriously at times .so it is important to bring you back down to earth . No fisticuffs or pistols and dawn stuff please - we have both outgrown that .
Just for you, seeing you have such a convenient memory, I'll re -post one of my replies to STAV. LOL. Hi mate.Another salient fact you missed out on in your post was I ALWAYS think in terms of Mkt Caps. The only time I mention the sp is when I convert the Mkt Cap into the sp by dividing the Mkt Cap by the number of shares in issue. Since the number of MTA shares in issue now is almost DOUBLE the number of shares in issue when those POSSIBLE 15p and 30p were mentioned back in late 2009/early 2010 that effectively REDUCES my 15p to 8p and my 30p to 16p!! Doesn't sound so bad now does it?! Especially now that some posters are bandying about sp's of up to 8.3p (US$160m divided by 1.935bn shares) on just 10.6MMboe recoverable and a current 40boepd. At least my targets around 4 years ago were on 192MMbbls recoverable (and all light, sweet, oil) and 1000bopd on EACH well. I've learnt my lesson. I don't believe MD bull**** anymore, nor do I make Mkt Cap and hence sp forecasts without the full, factual, information. We don't know the nature of those 10.6MMboe reserves. We also don't know what the daily production will be when MTA returns from suspension. We don't even know, definitely, that the deal will be fully completed. MTA themselves say they still have to do due diligence on these assets. If that due diligence throws up some question marks over ownership of these assets then MTA wont proceed will phase 2 and/or phase 3. ATB
post of friday 14.21...nice post..some people do have convenient memories......
Reigns Supreme!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.
Views from both sides. It gives good reading to others and also does not let you run away with crazy figures when the suspension is lifted. Contacts or no contacts, this has been one hell of a ride thus far and I don't intend to get off the bus just yet. ( yes Ultra I know I do not have a choice at the moment ). God I'm falling asleep while typing this, so sofa bed time for this chap! Night an all that.
seriously mate...clown springs to mind.........stop trying to suck people into a dog.....money is hard earned,its only when its GONE do people understand....
The POSSIBLE US$10m cash from a successful A-14 well on SOKO will help the MTA sp when it returns from suspension. Whether that's enough to give a MTA sp of 2p when it re-lists is open to question. Thats equal to a £38.7m Mkt Cap if the shares in issue stay the same. Unfortunately there are a lot of similar companies, operating solely in North America and the West Indies, on AIM for investors to choose from. The likes of MAGP, NTOG, CAZA, PANR, TRIN, etc, would look to be much cheaper options than MTA with a Mkt Cap of £38.7m. However it's impossible to predict share prices. I hope they do return from suspension at your 2p. I doubt it, but wtfdik? Yep, lets agree to disagree. We are both of us only guessing. We shall find out, no doubt, within the next 6 months. You ask, "Assuming there was news before suspension ends are they legally required to release it to market ?" Well STAV they are legally obliged to issue the latest up to date information on assets and production in the Admission Document. That AD will have to be issued before MTA is allowed to re-list on AIM. So we will definitely know what has happened during the time MTA has been suspended before it is allowed to return from suspension. ATB
Lets agree to disagree . I see 2p pronto once suspension ends you disagree . Lets see . I was told by same source as confirmed current drilling of soko under mta supervision that likelihood of Us deal going through pretty high but obviously nothing is 100%. Question - presume Matra loan will be used to work over existing wells amongst other "things" So this could also potentially bring in positive news though of course the opposite also holds true . Assuming there was news before suspension ends are they legally required to release it to market ?
$120-$160 Market Cap. Half them figures and we would still be pushing it! Our market cap at the moment is only 19.85. Even BMD wouldn`t make such a ridiculous assumption..
Don't bother. There is NO way MTA will be valued at a US$120m - US$160m Mkt Cap when it returns on just 10.6MMboe. 10.6MMboe (a lot of which appears to be P10) will never be valued at up to US$15 per boe in the GROUND. I know because I've research MTA's peer group (CAZA, MAGP, PANR, NTOG, TRIN, LGO, etc) all of whom produce more than 60boepd. PS. Your US$120m - US$160m Mkt Cap would value the MTA sp at between 6.2p and 8.3p. Ridiculous.
Hi mate.Another salient fact you missed out on in your post was I ALWAYS think in terms of Mkt Caps. The only time I mention the sp is when I convert the Mkt Cap into the sp by dividing the Mkt Cap by the number of shares in issue. Since the number of MTA shares in issue now is almost DOUBLE the number of shares in issue when those POSSIBLE 15p and 30p were mentioned back in late 2009/early 2010 that effectively REDUCES my 15p to 8p and my 30p to 16p!! Doesn't sound so bad now does it?! Especially now that some posters are bandying about sp's of up to 8.3p (US$160m divided by 1.935bn shares) on just 10.6MMboe recoverable and a current 40boepd. At least my targets around 4 years ago were on 192MMbbls recoverable (and all light, sweet, oil) and 1000bopd on EACH well. I've learnt my lesson. I don't believe MD bull**** anymore, nor do I make Mkt Cap and hence sp forecasts without the full, factual, information. We don't know the nature of those 10.6MMboe reserves. We also don't know what the daily production will be when MTA returns from suspension. We don't even know, definitely, that the deal will be fully completed. MTA themselves say they still have to do due diligence on these assets. If that due diligence throws up some question marks over ownership of these assets then MTA wont proceed will phase 2 and/or phase 3. ATB
There are a huge amount of shares in circulation, on a $120-160M assumption where could this share be valued?
15p, even 30p. True, but back the Peter Hind was saying SOKO could contain much, much, more than 65MMbbls recoverable. What a bull******* that man was! My 30p was based on 192MMbbls of recoverable oil in SOKO and 1000bopd from each well. That's what happens when you believe what MD's say! Now we are talking about 10.6MMboe. Not even 10.6MMbbls of oil! Big difference to 192MMbbls and 1000bopd per well. I expect 10boe per well will be considered good from now on. PS. Spiritfinder asked for my e-mail address. Not the other way round. I never defended him. He asked if he could send my posts to RHPS so they could tip MTA. I told Spiritfinder he could do what he wanted. My posts were not copyrighted!! LOL
a tad dont you think so . I remmeber a few years ago when you were talking about an sp of 15 or even 30 p here and were aquiesent to that idiot spiritramper and his claims . You even defended him and so you told us were exchanging emails with him and let some of your posts be used in Redhot penny shares Now you have gone to the other exreme and spend all your time downplaying matra's prospects . The sp will not follow your doom and gloom scenario when it relists - IMHO. Quite the opposite . I see you are currently not holding any shares here . Yes I know your son holds shares and you feel morally obliged to stand up for the truth as you see it - St George ,shinning armour ,lancelot etc Pity you didnt do that a few years ago when a lot of people lost spectatcularly large sums of money here having been sucked in by a professioanl pump and dump team on these boards and you dismissed those like me who told you that it was one bif masquerade. Have you forgotten? I luckily wasnt one of those taken in and bailed out well before it all collaposed. Not having a go so just stay calm just pointing out how you have changed your tune . If sp shoots up on being relisted I am sure you will find some argument to justify it . Ichypoopoo will point out that in fact all is ok and though you and it were wrong you are now both right even if it is a toal contradictionj of everything you were writing in the past . Sp never only reflects current value of a share particularly for small oilies on aim - look at GKP/Char/Des - rather future peospects . Thus matra sp should reflect its furutre prosepcts and be closer to to $100m than $28m All IMHO
That US$120m - US$160m valuation range presumably relates to the profit return likely to accrue to MTA in the fullness of time. Over a number of years in fact and after CAPEX is spent on the field. That definitely wont mean that the MTA Mkt Cap will be anywhere near US$120m - US$160m when the deal is completed and returns from suspension. If the deal is completed (Phases1,2&3 plus other 50% option taken up) then MTA will have spent US$28.2m (plus a US$16.5m loan to Matra USA) to acquire recoverable reserves of 10.6MMboe (68% oil).. That means each boe in the ground will be valued at US$2.66. That appears cheap for the USA, but we don't yet know the composition of that recoverable reserve. We don't know how much is Proven (P90), how much is probable (P50) and how much Possible (P10). Proven reserves could be valued at 10 times the value of Possible reserves. PS: If the MTA Mkt Cap was US$120m - US$160m when it returns from suspension that would value each boe in the ground at US$11.3 - US$15.1. That is impossible, IMO, even if the 10.6MMboe was Proven reserve. You only have to examine the value of each boe in the ground for other AIM listed O&G companies operating in the USA to realise that, especially as production is unlikely to be a lot more than the current 60boepd, when MTA returns from suspension.
My only reservation over this is the potentially fraudulent document Barskiy has alleged to have sent to UEN. if proved to be fraudulent then i suspect an adverse reaction here at Matra. We don't need any clouds overhanging here. What's your take Isolator?
Not same source . So doubly good . Confirms not just delusions of one individual
Lol Nothing is price sensitive at the moment mate
contact is Oleg and he used to work with Barskiys when at west Siberian resources and then Alliance Oil, Oleg is( I say this lightly) Sole owner of Fire East, so both have a good track record. he did say he had looked at the data and the deal is worth around 120-160. btw I hold
No more info from me . What I told you not price sensitive. Taking break from here.
You must have a good source, please ask them who Taldom trading limited was acting for when they bought Soko
Was given it Also told very likely deal will go through