Member Info for pawnsacrifice

Thats about my position too. Do wonder if they're scared off drilling too quckly by their record there. Haven't they had around 11 dusters now on the trot? Must be pretty demoralising for them and lead to negative thinking with the board I'd imagine.
Holders will likely have to drag them kicking and screaming into drilling any more if WH is spudded and dusts too. "Thats our wages we're wasting on these drills" they'll be thinking. "Better to be a lifestyle co, drill/dust once a year and put up with investor complaints"
Can't say I'd disagree with them either. Boy do they need a successful drill under their belt somewhere. Anywhere will do. Perhaps they can farm into Brockham. No scrub that UK wealders don't need the jinxing.
ATB Til Monday anyway.

Not looking for any entry until spud is announced on WH Strongman. Consider with matd's history of last minute disappointments they're toxic til then.
Will def reappraise if/when spud is RNS'd.

Superman,
imo of course but think if a delays announced on WH next then the Oct '17 low of 5p would be tested fairly quick but don't see why it would hold.
Would be too much anger/disappointment from holders for that. I'd say under 4p would be a safe assumption by Xmas as peeps just give up and move elsewhere.

Don't you think the co. lost the right to have its statements taken seriously though when they reneged on their placing promises quite so quickly?

The additional wells will be drilled in 2019 and will follow this year's four well drilling campaign, which includes two wells on Block XX adjacent to the producing Block XIX and commences in July with the spudding of the 90MMbo Snow Leopard prospect in the Taats Basin in Block V, followed by the drilling of the Wild Horse prospect in the Baatsagaan Basin in Block IV, targeting 480MMbo

You think they should have added " hopefully" in brackets?

upcoming drills states 2019 not 1st Q 2019 but note it hasn't been updated since the sp was 8.5p. Still think its good to email matd to check, at the very least it will keep them on their toes and let them know their word needs to be kept at least every now and again.

PETRO MATAD (MATD) (mkt. cap. £44.65m @ 8.5p)
Directors own: 5.6%
Wild Horse-1 well, Mongolia (spud 2019) – 100% MATD interest
Resource estimate: total mid-case prospective resource estimate of c. 480 MMBO recoverable
Chance of success: not yet communicated

Not even sure they'll drill again this year to be honest. I was sure until xx was cancelled out the blue and after raising again specifically for a faster drill programme.(which hammered the sp in itself)

putting it like that guess the answers yes. Would be mighty disappointing if they did delay over the winter after having done that raise. Bad enough they delayed the xx's delaying WH would be terminal for sentiment imho.

Thanks Johnny. I was trying to work out a way to ask if peeps thought 9p was possible pre spud? Guess the answers yes.

Was always going to happen. We've all been waiting on this 2nd drill to buy in makes sense more than a few will try to drive the price as low as possible first.

Never thought I'd be posting that after the sp roared away this morning on the back of activity on site but then this is angus!!

Didn't realise they'd listed at 6p. Makes it apretty good share for aim imho on that alone.

It is in Mongolia. Reckon you'll have to buy yourself a tent and set off now if you want to be there in time..

https://www.investegate.co.uk/petro-matad-ltd--matd-/rns/notice-of-agm/201808241632548730Y/

Don't think you'll get too much of a buzz from my hot lava java rx though it does go rather well with dark chocolate.
May try to find the link on the gov speech back in jan, was accurate just so long ago now forgotten where I read it.
https://www.opendemocracy.net/uk/david-miller/russia-novichok-and-long-tradition-of-british-government-misinformation

Putin didn't send anyone anywhere. British gov are lying through their teeth again. One of the tory ministers gave a speech in the commons back in Jan (sorry forgot the name) where he stated Russia was encroaching on British interests and we were to start a war with them.
Didn't matter about winning on the ground they wanted to win the propaganda war. Right after that our gov and media channels started with skripol and the rest is history.

Agree Loz. I think what they do is guess who they think may need to place soon and then try to force their hand with their tweetstorm. Every so often they'll be right and can shout it from the rooftops ignoring the 20 or 30 calls they made beforehand that were completely wrong.

He's always having goes at NTOG. Predicts a placing for them about once a fortnight. Guess he'll be right one day.

68 days today? Good sign theres no Friday duster RNS imo. Bad news likes Fridays, good news is for Mondays (we hope)

I don't have a dear leader sounds like you have an obsession Mr Jinx. That won't help with trading.

Namibia:

o Prospect S, due to be drilled Q4 2018 by the Ocean Rig Poseidon, has 459mmbbls of gross mean prospective resource, with a further future potential upside of 2.2Bnbbls in other prospects within the Central Blocks licence.

o The well will be operated by Chariot, led by the in-house drilling team.

459mb and "IF" they don't find a late stage farm in partner after drilling they'll still have plenty of cash left. $12-$14m.
Wouldn't you call that a strong position for a minnow?