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https://www.petromatadgroup.com/wp-content/uploads/2021/08/Corporate-Presentation-05_08_21-Petro-Matad.pdf
This presentation from July states that $10/bbl increase = 40% increase in NPV (slide 10) it should get interesting EOY if brent does 90-100$
Well on a different note: https://www.marketwatch.com/story/oil-futures-turn-higher-on-reports-that-china-ordered-energy-firms-to-secure-winter-supplies-at-all-costs-2021-09-30
I reckon that if farm in is ever going to happen here it will be now with Petrochina (as it was hinted by MB) it’s right across the border and they have all the equipment and facilities, it has to look appealing to them with the current oil prices…
Brent is on $81! Patience guys, we just need some high volume day, flush the sellers out and off we go.... JOG recently did almost 100% and they don't even have work programme or near term production (pretty much no recent news), I reckon we will move soon enough, 50mil mcap would be easily justifiable here right now
I agree, the overall sentiment is negative now, but there is a lot of people on the sidelines waiting to buy in for sure, once this gets above 3p and fomo kicks in watch this space... imo of course
ain't a year... yes the sp may slide further because it's AIM and even one month is a long time for "investors" here.... on the other hand we are more than 20% below the recent raise and we should get news about rigs and business deal with Petro China (to use their facilities) sometime in Autumn, which might both help the sp together with oil price... I reckon that the action will start as soon as Feb because some people will buy for potential spud in late April/May.... obviously each to their own... you might do better if you sell now and buy back later, nobody knows... I will buy more if it slides to 2.5-6
market does not work that way tho, good example are gold companies that are far from producing (GGP, OMI, EEE, ECR...) this January when gold was around $2000 they all were about 100% higher than they are now (gold is around $1750), if oil will keep climbing and I think it will all oil companies will go up! (+we have confirmed oil find and low mcap) of course imo but as I said before I think there is a perfect storm coming for MATD next year and I'm personally very excited
cheers guys, I watched today's presentation too and I agree with Mantasz's summary. But yeah everyone should watch it and decide for themselves... there certainly are risks as with every speculation, especially on AIM :D
I would dare to say that 2.72 was the bottom, oil price rising nicely too and I reckon that together with first ever production for MATD will create a perfect storm next year, I finished building my position and have 2.2mil of these bad boys! One never knows since it's AIM but this feels like an easy 6-9 months hold, gl all!
was good imo some highlights:
1. drilling to start Q2 next year on Heron 1, actual production starts mid year
2. there will be pipeline built by Mongolian government from refinery to the block in 2024
3. there is a lot of potential exploration in the same block with high % appraisal wells that are also very shallow and cheap (only $1mil per well)
4. they will use new technologies on the wells that work in the rest of the world but have not been used in Mongolia yet
5. we are funded for three wells that will all be online next year (Heron 1,2,3)
6. still actively looking for farm in partner
either way as some chap here already said - I knew MATD since 2015 too and I feel like this is a really good opportunity to build a decent position as the company finally has some oil after all those years (which was actually flow-tested too) +money to develop it, I don't mind waiting but don't be surprised if it moves earlier, 88e always had simillar timeline with operations in Alaska and usually started to move up in October already
Winter in Mongolia does not allow operations to begin earlier than late April, It has always been like that - as for mid year we will see with next RNS, the wording says production is meant to start mid year (June), which means drilling might start May..
not sure where is the bottom but I have built a fairly large position now and I'm happy to wait until next year, we should get rig news and some sort of deal with the Chinese meanwhile, my target next year is 5-8p, great opportunity imo
https://amp.ft.com/content/d14ec1a3-12f0-484e-9246-d2a2ae9bc004?__twitter_impression=true