Member Info for Coldjoe

Because they have winterised rigs available, watch the interviews mate, at least half of the things you are moaning about are explained there + for example 88e was always drilling april+ too in Alaska

Hm I personally have enough of all the wildcats (not sure if I have seen at least one work out during my 5 years+ on AIM) I actually hope they will develop block XX fully before Velociraptor etc… good time to get some $$ in with Brent on 80+

The Company is also tendering for the acquisition of a 3D seismic survey to complete the 3D coverage across the entire Exploitation Area. The c.200km2 survey may be recorded this winter or next, depending on crew availability, ongoing cross border Covid-19 restrictions and pricing. The locations chosen for drilling in 2022 are within the footprint of the existing high quality 3D seismic over the northern portion of the Exploitation Area, so the exact timing on the new 3D survey is not critical.

I hope they decide to go for it this winter, could be another catalyst before the drill bit starts

Well hopefully we have found the bottom this week and we can move to 3p+ next week…there also seems to be bigger interest in MATD on Tw*tter so that might help too, onwards & upwards!! Have a good weekend all!

yep... either way the real fun begins around 3.5p near the gap.... I'm still dreaming about that farm in RNS lol, it's unlikely but if it's ever going to happen it will be now!

decent volume today, hopefully we will start to move to some sensible levels.... placing price of 3.5p would be a good start. It's true that drill won't start for another 6 months but we are ridiculously undervalued... also have a look at JOG it went from £1 to £1.85 on nothing, RKH going up too in recent days.... I also remember 88E few years ago when it risen like 70% in October (they were drilling in April following year too) so anything can happen really... for me 5p this year would be fair value

yep hopefully the bottom is in and people waiting on the sidelines will join in soon.... the real fun will begin near the placing price of 3.5p though, since there is a big gap between 3.7-5p that will attract a lot of traders and will get filled quick imo.....I would also expect some operational update end of Oct/Nov with news on rigs and Petrochina

I have too as a fellow shareholder of MATD shares, not sure about you

what he meant was that we have 194mil resource with about 33-60 MMbo recoverable, which is not bad at all for onshore resource (very cheap drills vs offshore) and a company with 24mil mcap and 10.5$ mil cash with brent on 83$ market will catch up eventually

Fair enough mate, good luck and hopefully it will work out great for all of us

You have been here long enough Manro I reckon, why haven’t you sold some few months ago when it was almost 8p with no programme and no funds? It was obvious there will be a placing, although not so low, that’s true… maybe you wouldn’t be so bitter then :D gl in PTAL though, maybe you will put some of the profits back here next year

well interesting price movement, looks like the mms dropped it right in the morning and I still don't see any big sells, maybe they will pop up few days later.... otherwise I'm curious myself where the bottom is and I wonder who the hell keeps selling at these prices :D

Took more as well, I reckon there should be some massive sells in the background, hopefully someone doesn’t know something we don’t….

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

we shall see, with brent near $80 I had a final top-up today already, the tide will turn soon I reckon

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