Member Info for fundraiser222

The rns is clear, drill is 70 days and it says another announcement will be made on drilling completion “expected to take up to 70 days to complete. In the event of a discovery, the Company will bring in a separate rig for testing. The Company will make a further announcement on completion of drilling operations.” They didn’t say will make further announcements as drilling progresses as most explorers do... I can only assume it’s because the last time they drilled they announced too early they had found oil and it turned out to be water so u guess they do t want to mislead the market again which is fair enough, I can wait 70 days on my reduced holdings

I am attending the phone conference I will ask him as the rns states a further update will be released on completion of drilling, no further updates will be announced during drilling, hense I have reduced my holding as private investors won’t like that one bit and the price could well drift over the 70 days until results

After listening it basically sounded like Lincoln was warning Q2 would be rubbish just as Q1 was. A bad Q2 here and this will be under 5p imo quite a fall from grace for which the management must take responsibility for their business model

They arnt going to announce any oil shows full results announced in completion only confirmed in interview mate

Mike confirms petrovis didn’t take part in the placing for those that argued against me that they did! Also confirms no results until the well has finished drilling, sold a few for now will leave the rest to run

Definitely a question for mike Buck as it says in the rns “ The Company will make a further announcement on completion of drilling operations.” It’s disappointing that they will not be making any announcements during drilling and probably why we are seeing this sell off ppl don’t want to wait 70 days and guess ppl are also scared of a duster, hopefully we can hold 9p today l2 looks very weak.

Quite disappointing that they will not be providing updates during the drill but 70 days should hopefully fly by

Today on spud news, I think it’s because they announced in the rns no results until the end of drilling ie 70 days “ The Company will make a further announcement on completion of drilling operations.” Patience required now here

Source rocks are source rocks though it doesn’t mean anything when you are looking for a reservoir underneath the source rocks as oil can migrate or just never be trapped under the drill bit hense the 20% COS, spud tomorrow is the only thing I am concerned with at present we don’t want it running into mid July as that could delay Wildhorse too far into the cold months something we definitely don’t want

They can’t include infor in a pre written presentation that wasn’t disclosed to the market first, and they are hardly going to write the presentation after 7am tomorrow it will already be ready, if there was any new news it has to be released to the market immediately hense why I said at the start of today disappointing to see no rns, they have pre warned us and I quote from the last rns “ No new material information will be disclosed.” We need news on spud tomorrow hopefully, Mike needs to nail spud ASAP after the history of delays with this company, hoping to see an rns at 7am

That’s exactly what tomorrow is it’s a presentation looking ahead at the drilling program, it even says in the last rns that no new info will be presented perhaps a little more research required before posting?” A copy of the presentation that will be presented at the update meetings will be available on the Company's website www.petromatadgroup.com. No new material information will be disclosed. “

This is why I was saying it was important to get the spud rns this morning, it needs to come tomorrow now to stop this dropping further

What because I’m disappointed we didn’t get news today? It’s human nature for ppl to be nervous given the history of delays with matd, I was screwed last year with them announcing they were going to drill then cancel at the last minute so I don’t want any issues this time around

So I can’t say it’s a shame no spud rns this morning? What a strange board this is atracking a poster for stating the obvious, if you don’t think it would have been nice to see the spud rns this morning to calm any nerves then fair enough personally I want that spud rns asap but each to their own

Shame no spud rns this morning as many were expecting, we need that rns ASAP to calm any nerves that drilling will be delayed again

Never touted it as a duster I just pointed out the 20% COS, hopefully we get spud news tomorrow to calm any nervous private investors who think the drill might be delayed, looking forward to 7am

Very strange and disappointing day so far, perhaps all the buying has already been done over the last few days, volume is certainly much lower than I expected. Rumours of a delay are completely unfounded imo

I expect to update the market early next week..... Guess he forgot, if this never comes back I won’t be surprised at all.

I have quite a few ppl on filter from this board so if I don’t respond that’s why I can’t read your posts. Bit of a sell off it seems atm perhaps jitters about delays but very doubtful the drilling will be delayed imo some clearly still don’t believe understandable but I’m a believer atm

Watch this fly to 11p on close bishand ppl won’t want to be out of this as it’s likely the spud rns drops Monday with all the presentations and interviews planned for Tuesday