Member Info for blissful

Good on you Missy, same here.

If it's cloudless, August 11th is the best night to watch the Perseids meteor shower, although a week either side is excellent as well, a very good omen!

Mike Buck is the CEO, Mike Heron was in the Incredible String Band!

Anyone new here should check out the information available and do some research. The company website is great place to start: https://www.petromatadgroup.com/wp-content/uploads/2019/06/Corporate-Presentation-28_06_19-Petro-Matad.pdf

Mike Heron the CEO on YouTube: https://www.youtube.com/watch?time_continue=838&v=vwg5tW00E6A

Company website for more including the audio presentation from July 10th 2019.
https://www.petromatadgroup.com/investors/reports-and-presentations/

Don't go on my or anyone else's opinions but put yourself in a position of having the relevant information at your fingertips before making an investment.
Good luck to all.

Jimithebrush. Don't forget Red Deer! If all goes to plan and spud happens in July we can expect something around 18th-20th August as Red Deer is 1000m shallower (page 16 of the presentation). This is a company maker (Pmean 48) if successful and there are at least two bites of the cherry there, Lower Zuunbayan as secondary target and Lower Tsagaantsav, the primary target . LZ is only about 1000 deep so if there is oil there we can expect some very early fireworks.
PM have given 40 days for Heron because this is the first well with this drilling company, whereas the driller reckons 3 weeks. Going by that, I think at the most 30 days before we get an idea what is in Heron 1, exact amounts after flow tests.
In other words we are likely to have two wells come in at about the same time.
Let's see when Red Deer spuds.

Jimithebrush. We need to watch for volume spikes near that date. If we get a sudden increase in buys we will know oil has been seen in the core samples.

Up 12.64% in America!
https://www.marke****ch.com/investing/stock/prtdf

Why was the change of adviser badly timed, Stockdale Sec were bought out by Shore Capital?

SuperRoty. Why would they say they are fully funded if they are planning a raise? They are hopeful of a success at Heron 1 with quick access to sales and self funding as well as unitisation.

If there is any oil we should see a spike in the sp in about 2 weeks as there are likely to be some leaks. DQE Intl reckon this will take 21 days to drill as they have drilled quite a few of these already but as it is the first well with them PM have given themselves extra time.

Music to my ears! A CoS of 75% is as good as it gets so fingers crossed. Heron is worth 18p to the share price. Oh, another spud in a few days at Red Deer, if that comes in we really will be off to the races.

Thanks Mabbs, I keep checking every so often but you beat me to it.

Shouldn't the good news be in up to 40 days time, around 28th August?

We've been blue all day and ended blue, up 0.05 or 0.60%, yawn...

Which update Mike31? Do you mean news that Heron 1 has spudded, if so , it could be tomorrow, Friday or next Monday?

What do you mean nothing is happening, don't you even bother to check anything before making your daft on the hoof comments, your moniker says it all. Silly Moooooooo....

It seems patience is needed.

Not enough enthusiasm for this stock today, I'm afraid, back to watching paint dry or enjoy the weather.

Be very careful if you are thinking of investing here and are not used to making a lot of money because the shock of being 'rich overnight' could prove fatal as the ghosts of many such investors and lottery winners can attest to. I am not suggesting anyone should miss the boat as that could lead to a whirlpool of depression but keep your heart in good condition and enjoy the ride!
All in my tuppence worth of opinion of course, GLA.

Iknowthis. Why not ask the company as they have a different opinion to yours, which appears to made up on the spur of the moment.