We would love to hear your thoughts about our site and services, please take our survey here.
If we are talking potential then we have to assume that every drill is successful and that estimates from research are correct.
23 billion barrels recoverable in 6 basins of blocks IV and V so far. Matd identified at least 12 basins exist so possibly the same amount again.
Block XX, no estimates given as exploration is pretty non existent so far but for the sake of potential let's assume a further 4 billion barrels recoverable making a total in the three blocks of 50 billion barrels recoverable.
Shares in issue is 661 million after recent placing. Current mcap is circa £60m.
If Matd can prove 50 billion barrels of oil then our current mcap is representative of 0.12p profit per barrel. That is one eighth of a penny per barrel profit as it currently stands.
One penny profit per barrel equates to 72p per share.
10p profit per barrel equates to £7.20 per share.
£1 profit per barrel equates to £72 per share
£10 profit per barrel equates to £720 per share
£20 profit per barrel equates to £1440 per share
£30 profit per barrel equates to £2160 per share
£40 profit per barrel equates to £2880 per share
£50 profit per barrel equates to £3600 per share
£100 profit per barrel equates to £7200 per share ........and so on
That is the potential of Petro Matad.
In my opinion there are an awful lot of potential multi millionaires invested in this company and that potential may reveal itself in a few short months.
Obviously this is purely hypothetical and does not take in to account farm in percentages, potential dusters etc.
Hold for gold imo.
We may have the jump on every metal on the planet. The only worry we might have is the expiry of the patents.
That is why we place so much importance on the first confirmed revenue providing deal and let's face it, there are now more than a few.
Just one decent mine brings us commission in the multiple millions per year.
That money needs to be invested in our own mines before the expiry of our patents. 3% commission gives us a lot of money but 100% ownership of multiple mines moves us ahead of glencore etc.
And it only takes one to prove how beneficial our tech is to the future of the worldwide metal mining industry.
I really hope that we receive a few commissioning deals before the big guns try to buy us out for the obvious reasons.
Come on Axm. This year is our year.
Big thanks to trillsg, Chesh, dusty, ICL, 5ft, JamesII, Highroller, Jared, Bikwik, cannons, our Freund from allemagne and every other contributor to this board who make it the friendliest place on aim. Glad to be a part of our community here and hope we all do rather well from our long and continued investment. For the really long term investors I hope that churchmouse is still invested and receives his reward for his patience in the very near future.
Best wishes.
Hi trillsg. Sorry I haven't posted in a while. Enjoying a family holiday but looking in occasionally and glad to see you are still finding nuggets of research and that the new posters seem to get the communal vibe here.
Very encouraging latest RNS especially the exposure to FAME.
Back home next week, so hopefully get a chance to post when I can see my iPad screen lol
Best wishes
Jndavid490 is a Moran and that is a fact.
"Moran"
noun
a member of the warrior group of the Masai people of East Africa, which comprises the younger unmarried males.
Moron however is a "stupid person"
Stupid people have no ability to set up share dealing accounts, buy and sell shares, offer opinions on a bulletin board or engage in debate.
Bully's in my opinion however consider those they believe to be inferior to themselves as idiots and morons. A term that is used quite frequently on this board which makes it one of the worst boards on AIM.
Personal insults should be left to the bigots, uneducated and extremists of this world. It has no place here.
We can argue about a certain director's recent sells and her still massive holding, why there was limited investment by the board in the last placing, the holdings of Petrovis and the reasons for the recent placing till the cows come home but the facts are we are now drilling. We have waited sooooo loong for a drill bit to enter terra firma and now we are so close to realising the potential here.
We are fully funded on 6 drills tapping in to potentially multiple billions of barrels of oil. We currently own 100% of the licences but are willing to bring in a farm in partner or partners who are prepared to pay substantially more for a slice of the pie should we hit oil.
Unbelievable opportunity here and that is a fact!
Traders here will highlight the negatives like Dr Oyungerel selling 1 million shares but fail to highlight that she still holds over 12 million shares or that she has a 20% interest in Petrovis, our parent company.
Traders will also highlight that Matd drilled 11 failed wells in block XX but fail to explain why they were unsuccessful.
Traders will also highlight that Shell pulled out of the farm in after buying out BG group but fail to mention that Shell pulled out as they were cutting back on their exploration funding.
Traders will also fail to highlight that recent reports have indicated that the oil price may rise towards $150 per barrel as a direct result of that lack of investment in exploration.
Here is petro matad, an oil exploration company who have estimated 90 billions of barrels of oil in their exploration blocks, so far, targeting fully funded drills with initial recovery estimates of circa 1 billion barrels and we continually argue about short term fluctuations.
It is quite apparent that there are sellers from both placings, and it is the obvious reason for the subdued share price but we are now 7 days in to our first drill. Any indication of oil will bring an abrupt end to the selling and a rapid increase in buying.
Our first drill is targeting 90 million barrels. Hit oil and the share price is on a rapid rise.
Hold for gold
Best wishes
Snow leopard is being targeted to produce 90 million barrels but has the potential to produce 500million barrels.
The price of oil is well into the $70 plus range.
Onshore production should be a maximum of $30 - $35 per barrel.
Profit should be $35 -$40 per barrel and probably a lot more if forecasts are to be believed.
Lifetime profit on snow leopard should equate to between $3.15 billion and $3.6 billion.....but there is the potential to realise 500 million barrels at snow leopard which would equate to a lifetime profit of between $17.5 billion and $20 billion.
Then we have wild horse where targets are 480 million barrels with potential of 750 million barrels. That equates to a lifetime profit of between $16.8 billion and $30 billion.
Now we are at a lifetime profit of $50 billion on two prospects, not counting block XX or the rest of blocks IV and V.
This is not hundreds of thousands, or millions or tens of millions waiting to be realised here. This is tens, if not, hundreds of billions of profit awaiting shareholders.
We have an mcap currently sitting at just under £46 million.
Imagine that Matd hit oil at both snow leopard and wild horse, then any farm in or takeover would have to be some serious, serious money.
10% takeover bid on the relative valuation of the lifetime profit on snow leopard and wild horse would be circa $5 billion which is roundabout $9 per share.
Hold for gold.
Have a nice weekend.
Tony. Coal burns, peat burns. Yes. But coal looks like coal and peat looks like peat. I think it's about time you got behind your investment and stopped representing yourself as a total feckin knob.
Source rocks are flammable, did they feckin say source rocks that look like coal or rocks that look like peat are flammable. No they feckin didn't or there would be a feckin coal mine or a bunch of feckin peat diggers in the area.
Read the feckin RNS releases. The source rocks burn because they are laden with oil, not feckin coal or peat.
Stop trying to be a smart ass and start supporting your investment.
Read an article last week indicating that the price of oil could go beyond $150 per barrel driven by the lack of investment in exploration.
Refinery being built with the ability to process 30k barrels per day in Mongolia.
Who is going to supply that oil in Mongolia? ...... US!...MATD! ..... that's who and at $100 a barrel profit.
$3m profit per day is over $1billion profit annually. That is equivelant to $1.50 per share profit annually. What's the dividend on that.
Another thing to realise is that 30k barrels per day requires 11million barrels per annum production.
We are targeting nearly 1 billion barrels with our first six drills. That's over 90 years of $1billion profit per annum.
Just over 10p per share. Get a grip. Does anybody actually realise the potential here? I know some of us do but the ones selling quite simply don't.
Huuuuuuuuuge potential here. Realise what you've invested in and hold for gold.
Matd hits oil, we will all be rich.
Personally I can't see a farmout happening until drill results Mr P.
They've had plenty of time to take the gamble and it appears they are waiting for positive results before committing. It may cost them more for a lower percentage but is a safer investment for them and a better result for us.
The big rise will come eventually. It doesn't need to happen in a day or two.
Nice to see positive sentiment all the same.
Best wishes
The BG group farm in was $32m to fund 2D, FTG, HRAM and two drills in blocks IV and V. They took 78% ownership of both blocks in return.
We now have all that analysis that BG group paid for. We have additional 3D analysis that we paid for with that awful Bergen fiasco and we own 100% of the licences to all 3 blocks.
6 drills, and PSC agreements are financed from the two placements making us financially viable for the rest of this year and possibly the whole of 2019.
Targeting circa 1 billion barrels with our first 6 drills and yet Mike Buck and everyone else are incompetent and anyone invested long term are idiots.
Farm in companies are still being considered according to RNS releases
Low ball offers are being comfortably rejected, reading between the lines.
If we hit oil, and I think we have a really good chance of doing so, then any farm in partners will have to make substantially better offers in the multiples of what they have probably made so far and for far less of a percentage than what Matd would be willing to concede at present.
I understand that the possibility exists of not hitting oil but considering we are drilling in places where the surface rocks are so oily you can set them on fire along with FTG, HRAM, 2D, 3D and core hole samples, I think we might have a better than 20% chance of success per drill.
The current share price may continue to fall but every one of our targeted drills has an NPV exceeding our mcap.
Hold for gold.
Best wishes.
Vanadium $74000 per tonne
Lithium $16500 per tonne
Copper $5700 per tonne
Molybdenum $26000 per tonne
Zinc $2500 per tonne
Cobalt $78500 per tonne
2.5% of the above is hundreds of millions or close to billions annually
Our current mcap is just over $2m
Is there any company who has such a low mcap to potential value in AIM?
I think it's getting quite exciting here.
We all know that it only takes one producing mine to make comparisons to industry standard. It's close and we may be THE mining company that everyone is talking about shortly.
Anyone using our tech is key, who's first I don't know and I don't care but as long as someone uses our tech then the floodgates open.
Not long folks.......hopefully!
Everyone will make their money from here,
Traders will make their 50-100%.
Long term holders will see much bigger gains.
Everyone is happy.
Who gives a **** as long as we all make money.
Just stop ****ging the company and their management off.
To Bikwik, funky and dusty for taking the time to go to the AGM and keep us leeches ( leaches ...get it?)informed of what went on yesterday.
Really do appreciate your effort guys .....well done, have a biscuit.
I've been invested for a few years now and I am still learning about Matd. I have recently read an operational update issued on November 17th 2011 and I would encourage anyone invested here to read it. You'll find it on page 6 of the RNS releases.
Tugrug basin was identified then as being potentially massive and was subject to 2D analysis and core hole drilling. We have since committed further surveying with BG group and our own 3D analysis. It looks good and we are going to drill there very soon.
Personally I think we will be successful in our drilling programme and I know I am not alone in that opinion.
But we are drilling, finally, at long last we are going to be drilling. This is huge.
The believers will be rewarded if the promise delivers. The sceptic will be able to pay for their next holiday. (If they buy in)
Are you a believer or a sceptic?
And that's why this board is probably one of the worst on AIM. It is infested by sceptics and believers and everybody approaches their investment or decision when to invest from polar opposite opinions.
I really can't be arsed with this board anymore but I remain invested for the big prize as I am a believer.
Best of luck whatever your position but please don't spread lies or state opinions as fact as a means to gain a tiny advantage. It brings out the worst in all of us.
Evening trillsg. Hope you've had a nice weekend.
A couple of things I've noticed is that Multicom have a really ****!y website. They might have just forgotten to mention JWI.
We are in the history section along with StorEn Technologies who are the buyers of the end product.
As I said.... ****ty website.
Best wishes
Morning folks. I think we are reading too much into this. Our JV was only announced in September and the Multicom website alludes to previous test work, not current test work.
We are still current partners in the project. We would have been told if we were not.
Sun is shining, it's a lovely day.
Have a good one
We need some pragmatism here when it comes to evaluating whether the recent placing is representative of a dilution or not. Pre placing Matd were targeting circa 600m barrels with 4 drills, with 525 million shares in circulation. $1 per barrel profit is representative of $1.14 per share. Post placing Matd will be targeting 850m barrels with 700million shares in circulation. $1 per barrel profit is representative of $1.21 per share. In my opinion, not only does the placing ensure financial stability over the next year or so it has increased the value per share and has not diluted our current prospects as indicated. An increase of 250 million barrels versus an increase of 170 million shares. We are under 11p per share ffs. When will the market wake up to the immense potential here? I just quoted figures at a dollar profit per share. We are onshore drilling and the maximum costs should be circa $30 per barrel. Current prices are around $75 per barrel. That gives us around $45 per barrel profit. $45 - $50 per share, first phase. 11p............wtf? New week, new news, new price .....hopefully. Best wishes, 2010, MIKEY30, Paul, mr P, Bigbench, Hawkspear, Manro, Hamm, Loz, Ojay, JH, Dave, gatto, et al and all those that back their investment. Here's to a new week
Bergen was dilution. This has been investment. Shell have nearly 7 billion shares in issue. BP have nearly 20 billion shares in issue. They seem to be doing ok. Just saying. And before anybody calls me out for comparing Matd to Shell and BP. I know already. I'm just saying. Lighten up. This BB has become far too serious and needs some humour now and again. In my opinion, the placing has been strategic, whether that has been to call the bluff of potential farm in partners, to ensure funds are available to ensure PSC agreements are met, to ensure that financial security is provided during drilling programme in the event of a miss or to allow Petrovis to maintain an overall majority in the event of a hostile takeover, who knows. But I do think it has been nothing other than a strategic play. AIMO Best wishes