I know Route and a Market Cap of £55m!
Imagine what it'll be when they do?
Fantastic isn't it knowing that that might be only 4 weeks away? And a 75% chance of success.
Care to guess the Market Cap when they do Route?
I know what I think.
And the board of directors will say that they said those things because they too, like you, believed them to be true at the time that they were said. Can you prove otherwise? If not you ain't going to get anywhere.
As for saying that it 'means it's virtually inevitable they will seek an out of court settlement.' RE Lord Lucan and the huge media field day that would result from this story going 'public' I hardly know where to begin! That would be about as 'Real' as any other 'analysis' that you've made over the years.
'Top counsel' will represent anyone who pays their salaries whether they feel they have a good case or not. That's my analysis there.
Sorry 'Real' but stop, calm down, take responsibility for your own decisons and 'analysis' and try to learn and move on. If you want to feel sorry for anyone then what about any mug 'investors' who might have been swayed into parting with their money because of your confident comments regarding the unbelievable investment case that Angus Energy represented? Have you thought about them? No I thought not. It's all about you isn't it? 'De-rampers' get all the abuse but 9 times out of 10 it's the mindless ramping of stocks that causes other investors the real losses.
Anyway. Good luck with your legal challange. I think you might need it.
Sorry 'Real'Analyst but I've always smiled at your moniker. There have been few posters as delusional as you as regards the endless assertions that the share price was a steal and the company hugely undervalued, the legendary 'blue day' today, Market Maker games etc.....
I'm afraid you're just going to have to try to learn from your mistakes and put it down to experience. Class actions are often talked about once things turn out to be worse that the rose tinted investors thought it was going to be. Desire Petroleum, Excite Energy, Frontera Resources etc ? They never come to anything. You're belief that they will here is about as good an analysis as your assessment of the company's potential value.
Sorry but that's just how it is. The share price is going nowhere soon and more funds will be needed along the way.
The only way is down from here, either because of share holder fatigue or further fund raises.
So the 'news' has been sold. SP above 8p. Shouldn't fall from here and may well rise into news? Of course should there be an oil strike it'll go up++, the only question is how much? Probably not a bad time to get on board?
Does 'risk mitigation' mean that they will drill the Kimmeridge horizontal after full scale Portland production in case it doesn't flow and with that cushion they'd be better able to withstand a poor horizontal Kimmeridge result?
Sageman surely you can't be comparing Angus to Petro Matad?
Petro Matad are spudding Heron next week. It's effectively an Appraisal well targeting a known producing field that straddles the boundary into their block. Their second well spudding towards the end of July is much the same and after that there's a couple of appraisal wells should they find oil (75% chance of success) or wild cat drills targeting big potential fields in frontier terrain. If Heron comes in then that'll be monetised to fund their forward drilling programme of their vast Mongolian acreage. Might be truly awesome?
Angus? More dilution inevitable. Heavily reliant on the Kimmeridge concept which may or may not come to anything and a previously abandoned gas field in Linconshire that they hope to resurrect. There's a significant prospect of them going bust too.
I'm not sure I'd compare them to each other. One is well led, finacially secure and has a very impressive fully funded drilling campaign in highly prospective acreage with a very supportive government keen to develop their natural resources and the other one isn't.
Why not sell here (It's only going down, surely you can see that?) and stick it in there. You can always come back at a later when things look more certain.
Obelix profit is profit which is what it's all about. There are plenty on this board who could have retired on their profits from Petro Matad if they'd sold at some point along the way and bought back in at 5p. Never say never as it can and does happen. Heron may still find only dust (but I doubt it) and then of course there are another 3 wells to come after that.
Every day that passes will see higher prices and this will tempt some to sell/de-risk but the overall push will be upwards it's only a question of by how much per day. 5% today is fine by me and I'd expect a few more to buy in before the weekend. Next week looks to be the week that the long awaited campaign gets underway. After that hold for oil and a proper share price re-rate.
I believe you Obelix I've been following Matad for 3 or 4 years now and have been in and out more times than I care to remember. I've never known Matad to be so close to making real progress in the very near term for such a ridiculously low Market Cap. Their share price and Market Cap have been way higher than here before on the prospect of having a drilling programme of wild cat exploration wells and here we have a fully funded, well planned, 4 drill programme with a balance of a couple of very high chance of success wells and then an appraisal well or a couple of higher risk, higher return exploration drills based on their previous drill result and seismics.
It's like that old children's game 'battleships' even the misses add to your knowledge and as the drills get sunk you slowly home in on your target. Snow Leopard may have played a very useful role in identifying Velociraptor. If that comes in then all bets are off as regards the share price by Christmas. Perhaps the money invested today might be parked on the drive come Christmas day?
I think the real, sustained rise, will come with well 28. That'll be 60 days after it spuds.
The well 16 flow rate update will cause a nice spike and then it'll settle north of here before drifting into well 28.
Anyone who thinks that this is a magic cashpoint machine is fooling themselves.
Value will come over months as it's supposed to do with results. Hold or trade as you see fit but make sure you're in this stock for the longer term as it's going much, much higher if the upcoming drills go to plan.
Time to try to find a few last pounds lurking in redundant building society accounts or heaven forbid joint accounts? She'll than you in a weeks time, in a months time more so and by Christmas you might be pointing out that the money you invested today is now wrapped up at the foot of the Christmas tree?
Spud almost certainly next week the a 30 day drill in as near a certain oil strike as you'll get for this market cap? 9p?
Boy oh boy.
Last Monday's RNS didn't really move the SP at all, much to my disappointment. What did was the CEO video interview. 40% up last Tuesday wasn't it? That tells us that there's demand and expectation here with plenty on the sidelines aware of what this share might become at any time and not wanting to miss out. The first time there's real information or just a sudden buzz and excitement I fully expect the same to happen again and when it does it'll be starting from a higher point than it started last Tuesday. The investor presentation may or may not do but this is now a ratchet stock rising on news and then settling at higher levels until the next time.
p.s. Yachty; Union Jack is in the dictionary due to it's frequent usage. I believe it's now considered acceptable to use.
So the KL4 began with a half hourly rate of 584 barrels per day but by the time it was begun again comingled with the KL3 the total of KL3 and KL4 had already dropped to 426 barrels per day for both the KL3 and KL4. So I guess the KL4 must already have depleted to around 300-350 barrels per day and the KL3 making up the balance at 100-125. Or did the KL3 contribute more than that with the KL4 having depleted to 250 or so barrels/day?
Still put on an optimised pump and you get an increased comingled rate of 525 barrels per day averaging 303 barrels per day over 7 days. So for an average of 300 and for it to start at 225 barrels a day more than that does that mean that the day seven rate must be 225 barrels less than 300 for the sums to add up? It starts at 525 barrels and finishes as 75 barrels of oil 7 days later but it averages 300 barrels per day? It looks that way to me.
Of course depletion will be exponential so the figures probably wont be as bad as that especially given the total volumes produced which they have told us. The final figure however I suspect is a good way south of what many on here think.
Soon find out though.
Well I don't think it flows very well as time goes bye. I think it gushes, then it flows well, then it flows, then it dwindles and then it trickles.
But I'm only surmising this because they wont tell investors the final stabilised flow rate and I don't know why they wouldn't? We know the Portland final stabilised flow rate after all. They mention that all the time in all the RNSs so why not the Kimmeridge? And they're planning further drilling to the Kimmeridge for 'risk mitigation'. What does that mean?
2 wells at Broadford Bridge and no oil. Brockham a duster. Horse Hill?
A maximum 'half hourly' rate.
I've never seen an oil company announce flows by the half hour. Do you suppose it was the first half hour by any chance?
I wonder what the second half hour flow was?
Or even better the rate it stabilised at at the end of the flow test. That would be the number an investor would want to see and if it had been any good I'm sure they'd have told us. But they didn't.