Member Info for JohnHenry

Swingy imho in 5 plus years you will be receiving far more in dividend per share than the cost of the shares @ present.

Swingy imho there going to be action soon on their other licenses :-)

resistance @ the 50 EMA

Market just shaking out a few short term traders. Should see a strong move over the next week.

Looking forward to listening to Doc Podcast.

MAPA approval and the Upgraded plant Commissioned and ready to Rock and Roll.

Crazy buying price considering we now have MAPA approval, Extra 50KT of sales and the 320KT Plant commissioned.

Imho there will be another significant sales contract land pretty soon.

And if SL is a duster ??? Share price.

Blocks XX are not transformational Company makers.

You are implying this is risk free and they will hit oil. Absolute garbage.There is huge risk that they wont find commercial Oil. Its all about block 4/5

What bigger rise Mr P, know one knows if they will hit oil or not. If they dont expect 4-5p. Derisking. Another 2-3M dumped today, retail investors taking on the risk.

Im guessing they wish to derisk as soon as possible. However are limited by the lack of volume. Hence the pump and dump.

Gatto i think you are pretty much spot on. The placing was misread and instead of increasing sentiment has killed it.

Mr P the shares are being pumped and dumped on to retail investors. No accumulation going on here.

Whoever is selling, they certainly want out pretty sharpish. Aggressive selling for nearly 4 weeks.

Pumped up so the 250k seller.

Completely agree, MATD is highly manipulated by the MMs continued Pump and Dump being played out.

However doesnt hide the fact the news could appear this week or next week

Whether Buck announces ????????

Kiwi out of interest where did you obtain the drilling pace for SL.

Gatto that is a possibility, positive news on first target zone could quite easily appear this week.

any overhang has cleared for now.

Potentially a 1/5th of the way through the drill.

Drilling Rig Contract and Drilling Targets
Wed, 5th Jul 2017 07:00
RNS Number : 1378K
Petro Matad Limited
05 July 2017
Â
5 July 2017

Petro Matad Limited

("Petro Matad" or the "Company")

Drilling Rig Contract Signed, Drilling Targets identified Â

Â

Petro Matad, the AIM quoted Mongolian oil explorer announces that further to the press release on 31 May 2017, a comprehensive drilling contract has now been signed with SINOPEC INTERNATIONAL PETROLEUM SERVICE MONGOLIA CO. LTD ("Sinopec") and that the initial drilling targets have been selected.

Â

2017 exploration drilling programme

Â

The first exploration well will be located on the Irves (Snow Leopard) prospect in the Taats Basin of Block V and will spud in September 2017. The well will be drilled to a total depth of 3150 m and have an expected duration of 50 days. The Irves prospect comprises a series of tilted fault blocks, with multiple stacked reservoir targets, and has an estimated potential of 160 million barrels of oil-in-place (mean-case) and an upside of 350 million barrels of oil-in-place.Â

Gatto i expect the price to remain neutral to drifting with trend. I am here as a punt just in case they hit oil.