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This is better than anyone could of expected. Time to go all-in before it's too late. 8am here we come!
The best news for all LTH and even short term holders like myself who stuck at it despite being down.
Roll on 2020!!
Agreed. This BB has become a playground. Should be for useful information and discussion around MATD.
I saw someone suggest that flow of oil at Heron would still result in a SP of 2p! Jeez. ..
Let's face it none of us actually know what's happening at Heron. When we do then fair comments. Until then the likelihood of a commercial discovery is high and therefore there's a high chance the SP will rise. I imagine it won't happen overnight, it will be gradual but with good news we will be back to the 9p range within the month. Then it's anyone's guess how far it can go. If no oil then guess it'll be a long old winter..
Means buys showing as sells etc etc.
Very tempting to top up. I just don't believe after 3 weeks of testing we are going to get bad news. MB was quick to refute RD and move on. I feel we would have pulled the plug on Heron weeks ago and focused on Gazelle.
Agreed Captain. Although an RNS would of been nice, I was only thinking from a SP perspective of allowing us as much time as possible this trading week to get us back to where we belong.
If Heron was a no go we'd of known by now.
Gla
That's the one.
You can hear the photographer now "Mike said to make it look as it you're about to hold the chain whilst referencing the fact we are about to find a s**t ton of black gold."
Although the photos on twitter may seem inconsequential in the grand scheme of things, the fact that MATD aren't known for its great social media updates, means those photos speak volumes. It's only a small detail but I simply can't see them wanting to splash photos of the team and rig being tested over social media if it was going to come up with poor results, especially when results are expected "shortly". If it was bad news they'd of just given us a generic Mongolian sunset snap.. *clutching at straws perhaps
Also if Heron was due bad news imminently, would MATD put on their Twitter page the same day as the Gazelle announcement 3 photos of the team working on the testing. It's the first time in this drill season that I've seen them do this with a close up of the team working. The only other time was to thank the team for their work at Heron prior to testing.
Also if anyone has a good conspiracy, one of the guys on the testing rig is holding up 4 fingers... 400 BOPD it is then!
Don't know why, I've just got a feeling. The Gazelle update quoted that Gazelle "... will be a focus of the post-well evaluation which will commence shortly, once the testing operations on Heron-1 are complete."
Won't be worried if there is no news as I'm sure it'll be within the next 5 days but let's get the start of the week off to a cracker..
Oh my prediction by the way is 275 to 350 BOPD
Hi Pro
That makes sense to me.
From experience, knowing how cautious MB has been in his previous RNS releases to date, assuming Heron is commercial, would you expect the news release to state both the BOPD expectations and the MMBO potential of Heron? My concern for MATD at present is not necessarily if Heron has Commercial Oil (as I'm over 75% certain it will do) it's whether Mike can release a POSITIVE RNS that will get the market's juices flowing and learn from their mistakes from the somewhat downbeat first one regarding Heron.
Starting with... "Petro Matad are delighted to announce...."
Hey Obleix
That's the million dollar question my friend... There are far more knowledgeable people than myself on this board but I believe that we have enough support to reach the 8-9p range fairly quickly. It won't necessarily be in one or two days, I think we will see an initial increase of between 65-80% on good results with further rises of 10-15% each week. Eventually leading to news regarding Petro China farm in which will see us hit 12/13p.
Still sticking my neck out and going for 15-18p by Xmas!
Couldn't agree more.
It is a BB board so of course cash2 and others you're welcome to your opinion but I don't agree that MATD is dead for 2019, far from it. Only time will tell.
Blue day leading into Heron news. 15% opening on ADVFN at the moment. Don't see why we can't make some strides to getting back to the already low price of 4.20 we had on Wednesday. GLA