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Why would the company issue a placing as the drill is turning? Makes zero sense, especially as they have repeatedly stated they are fully funded for the 2019 drills. Thanks for playing all the same though!
Why people are selling now baffles me. I can only assume its traders who had no intention of being in for heron in the first place. If anyone has done their research they will know that heron has a great chance of success and is a completely different well to the ones drilled last year.
Agree Hawkspear. Today is a good day. With the spud of heron, an appraisal well with a 75% cos, 1.1km away from T19 46 3, mapped by 3d seismic, this is a great time to be a shareholder in matd.
The starting gun has been fired and we're off to the races now guys! Very exciting time to be a matd shareholder.
Good shout Jimi. I presume you're a metal head if you're into the band hu? Download festival is where it's at if so haha.
Where in bangkok Mike31? I used to live near to the silom area and have been eyeing up some property in Hua hin.
Well we're mid July now guys and Mike mentioned in his last interview he was hoping to spud Heron mid July. Hopefully we'll get that rns at some point this week and get the share price moving upwards too.
I agree Blissful. Hope you have a good weekend too!
I suppose they're being helpful as their own reserves are in decline. Who knows what conversations have been had between Petro Matad and Petro China behind closed doors. Dont forget that Matd were still going to drill Heron, it's nonetheless fortunate that Petro China have supplied the 3d seismic as it has confirmed what Matd already suspected.
On strike I would expect to see a significant re-rate in the share price, even before flow testing begins.
Slightly down today but I don't see this an issue. In my opinion, I think Heron will be Matd's defining moment. If you look at the 2019 presentation what is very encouraging is that Petro China gave Matd the 3d seismic to remap the block xx prospect. This already confirmed and enhanced Matds understanding that Heron is an extension of T19 46 field and seeing as Petro China has found oil multiple times I personally trust that their data is good. I also believe in the integrity of Mike Buck and think he will lead the company to success this year.
All in my opinion of course, do your own research as a principle.
Rns confirming spud can't be far away Obelix. The company has done a great job this year keeping the market up to date with the Twitter pics. Not long now until the real fun begins!
9p broken! Come on Matd!!
Heron is actually 1.1km away from T19 46 3, which is less than a mile.
The 3d seismic suggests that heron is bang in the middle of the source kitchen and so it is difficult to envisage a possibility where they do not find oil.
Thanks blissful. Next two months will hopefully be very exciting for all shareholders!
Agreed Ojay, we will most likely get the next RNS confirming spud soon enough.
On a related note, was anyone around for the spud of DT4? Given its proximity to heron and the fact that DT4 showed good signs of oil (at least I think it did, can anyone confirm this?) then it seems highly likely that heron will also strike good in august. Hopefully we'll rise significantly on discovery of hydrocarbons even before testing comes into play.
Warwick was an exploration drill, not an appraisal; which is the key difference in the cos with heron.
Bayan olgii is literally on the opposite of the country from block xx.
Hi Blissful,
Interesting find! Is that the full translation in your post?
Thanks.
Hi all,
New holder and very happy to be here. My position is 77161.
All the best.
Afternoon all, happy to be invested in matad and hoping we strike well this summer. I've read the investor presentations and am feeling positive about heron and gazelle (fingers crossed). Does anyone know the chance of success for red deer? Best of luck to all.