Good morning to all here, I hope you Guys have had a good weekend. Let's see how MATD will be this week, and I hope all this Childish desappear from this BB. It's really early to read such low comments. Please go back to see Teletubbies on TV, leave your Dad's laptop. Have a nice day all, Take care.
I believe the best strategy today will be the share price up 10% - 15% bounce back. They have loads of cheap shares in their books, now it's time to them to make another $$$$ today and Monday or until the Heron stimulation news out. If MATD release a bad stimulation result, let's say 150 - 200 barrels per day they already sold at higher value and they will buy again (from us) at low price. Complete the circle....
Petro Matad has announced results from Gazelle-1, the final well in its three-well drilling campaign in Block XX, Eastern Mongolia. The well did not encounter hydrocarbons in the Lower Tsagaantsav objective and found a thin good quality pay zone in the Upper Tsagaantsav. We valued Gazelle at 1.4p/share (out of our total 20.1p RENAV for Petro Matad). The company’s operational focus will now switch to testing the successful Heron-1 well, which established a 77m gross oil-bearing interval in a structure that has proven productive in the adjacent Block XIX.
RE: Why is Gazelle not a plug and abandon17 Oct 2019 10:28
JAdam, I believe I saw the same or similar RNS in Red Emperor (RMP). They released a bad news then a really good, the first RNS the share price was down from 6.2op to 4.72 then up again next day to 5.30 and now down. We might see this here at MATD - the next few days will be interesting Have a nice day, take care Obelix
Thanks Swizz, I'm locked here with average of 2.70p and been losing some good opportunities elsewhere. I just hope this month turn to good and share price back to my break even point. Need to wait another 2 weeks or more. Once again, thank you for your help and time. Obelix