Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Haven't posted in a while as been on holiday, was hoping for a better share price on return but our time will come.
Have to say Captain that I am on the same page as you with regards to the risk vs reward. Listening to MB on the podcast interview again last night and all talk regarding Heron was about the future and potential opportunities. Remember he knows more than all of us.
I had my final top up on Tuesday for 4.35p total, taking my holding to 450k shares. I'm currently 27% down but I'm holding out for 15-18p like yourself. At that point will decide how much to top slice, if any.
On a side note, each morning I tend to log into ADVFN at 7:30am to see SP openings. MATD was up by 8.6% this morning. By the time opening it was back to closing price from yesterday. Any ideas why this is?
Best me to it Neeko by 1 minute... Great minds and all that..
Personally I have been hoping for news by this Wednesday. MB said himself he was hoping for sooner but depends on the availability of the contractor.
Personally I think the RNS regarding Gaz is a slight hint and their confidence regarding an oil find there.
Double oil hit with Heron and Gaz will see us around 15-18p I reckon going into winter season.
Not sure why people are questioning whether or not Gaz will be tested if a Discovery is made. Read latest RNS
In the event of a discovery at Gazelle-1, it is expected that sufficient time will remain before the winter shut down of operations in late November to allow well testing of Gazelle-1 to be carried out this year.
Because DH I imagine a lot of us PI and MB included would rather see Matad with commercial oil flows at Heron first and an increase in SP as opposed to Gaz being a duster and seeing the SP take another battering.
For the likes of yourself if Gaz hits first and we are back down at 3/4p then Heron news is released, the jump in SP will be at a lower price. Hence making it beneficial for those with strategies similar to yourself.
What makes you sure that Gaz news will land first?
I expect an RNS with news confirming commencement of testing at Heron could land any time within the next week. With results from that due around 2 weeks after? Let's say best case week commencing 14th October, worst case week commencing 21st.
Gazelle 35 days drilling to TD plus confirmation of results will take us to around 28th October for news, be it a Duster or Gusher.
I personally think Gazelle will have little or no impact on the SP as we'd of already released news on the testing of Heron.. by which time it'll be 15p and all will be good with the world
Gazelle didn't spud until
Morning all
Great post MisterP
Of course the scaremongering is in full play but can't imagine any of them will be here 4 weeks from now. It'll be investors like us talking about Oil Production for MATD.
Looking forward to the weeks ahead just wish I had more £ to top up!
Very low volume so far today yet again seem to end up in red.. When do we think things will start ticking up again? I was hopeful of a mini re-surgence towards the end of this week but with the current state of the market (oilers in particular) I can't say I'm surprised.
From 9th September RNS. Given that talks were already underway on the 9th September, I'm going to stick my neck out and say MB mention of 30 days in the RNS was worst case scenario. This time next week, I reckon we'll have the RNS stating testing has commenced.
Re-reading the RNS and listening to the podcast with MB again, I really believe Heron is a game-changer. Exciting times ahead!
The casing operation is now underway and discussions with the testing contractor have commenced to determine how quickly the testing equipment can be mobilised to the Heron-1 location. The contract requires 30 days notice to be given but the contractor has advised that an earlier start is possible depending on the status of its other activities. Once the well has been suspended DQE's drilling rig will move to the Gazelle location with a view to spudding Gazelle-1 before the end of September.
Possible RNS this week stating testing commencement date? Would be good for an update to avoid the SP falling further. I still believe that we should be looking to get back to the 7/8p by end of September. October is a big month.
https://www.edisongroup.com/company/petromatad/2711/
Petro Matad announced yesterday that the Red Deer-1 well in Block XX in Mongolia did not encounter hydrocarbons. The well was the second in a three well exploration and appraisal campaign and follows on from last week’s successful result in Heron-1. We valued Heron-1 at 3.3p/share, which has now been de-risked, and Red Deer-1 at 2.8p/share, which can now be discounted, but on balance we expect little to change in our last risked valuation of 21.6p/share The company will now complete its programme with the drilling of Gazelle-1 and the testing of Heron-1.
Let's be honest RD was always the gamble. We knew it was 50% CoS before we invested.
The focus should now be on Heron. Remember back a month ago when we were fretting if we'd even get a chance to drill it?! Well they did, and guess what, they struck oil.
Bigger picture people, bigger picture.
I think so. Listening to MB he didn't come across as a man under pressure. He sounded relax and confident. Everything he was discussing with regards to the Petro China / Future opportunities clearly showed to me that since the discovery at Heron, he is confident this is a game changer for MATD. You don't give away 3D Seismic data for nothing.
The Mongolian Government know it - hence the delays around paperwork etc.
Petro China know it. .
We know it - which is why we are.
The only ones who don't know it (or care) are the short term day traders.
Of course, with RD and the potential for a Duster it does present an opportunity to de-risk your holding by selling now at 6.7p and buying back at 4/5p but this all depends on your investment strategy and size of your share holding. For me personally I am going to hold, as the potential upside to RD is greater than the additional couple of pence I could of made by selling now. Each to their own.
I personally believe that a positive result at RD will see a rise as it will leave MATD with two wells pending testing. Especially as RD is a 50% COS - it would show real confidence that the data we have gathered is spot on.
Long term, if you switched your computer off and returned 3 months later, I believe the share price will be a double digit starting with a 3.
I can't help but think this will be a good Christmas for all MATAD Holders!
I think if you're in this for a short term gain then banking on RD to be a winner is a risk. However, wait until the drilling season is over and I am confident that Heron, Gazelle and the big V will leave this share price pushing 30p, regardless if RD strikes or not.