Member Info for Proselenes

Nobodys selling.

I put a load of buy orders in sub 2.5p - none filled.

Loaded a load of buy orders at various low prices now........see if any get filled.

Just a wait for a few months before the action starts again.

Mike Buck, CEO Petro Matad said:

"As we are fully-funded for the 2019 drilling programme, we are now in the process of identifying our priority targets. In Block V, our post-well analysis has highlighted three, four-way dip closed structures with large resource potential which we are working up to drillable status and we are also using Snow Leopard 1 data to calibrate the prospectivity in the neighbouring Tugrug Basin, including the high-graded Fox prospect.................

Tis dusty down there.

Off we go to Fox-1 and Block XX in the Spring.

The point being made is :

Nothing is confirmed until its confirmed. And it will only be confirmed when you see volume of shares traded go through the roof and a massive price move. That will either happen in the days before news (leak) like SOU............or on the day of news,

Comparison chart of RKH against MATD in the past 2 months.

Their price movements are remarkably similar.............either RKH are drilling in Mongolia as well, or there is a common theme on oil stocks - might be related to oil price............LOL

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^MATD&type=1&size=3&period=2&olx_1=1&o_epic1=L^RKH&o_type1=1&o_colour1=4&olx_2=1&o_epic2=&o_type2=1&o_colour2=2&scheme=&delay_indices=DELAYED_INDICES

Hamm, logging is to find out whats down there.

You dont know if you have water or oil until you log the well. And logging does not prove commercial. If the logging show net oil pay then you must flow test the section of net pay.

So until you log the well, you dont know if you have oil or water......................

Volume has been very low end of last week.

Wed and Thu and Fri were all the lowest volumes of shares traded since September.

If anyone knew this was a duster they would have been selling as much as they can.

If anyone knew this was a gusher they would have been buying as much as they can.

Why is nobody selling ? and nobody buying ? Must be.............nobody knows the results at the moment. Or the jury is out until logging is done.

80% chance of a duster - 20% chance of oil.

You have short term traders with their 1000 ponds a point spreadbet now in the red.,...........and they will ramp and lie and ramp as much as they can as they dont want to lose on their little spread bet.

Any BS like this and StockTracker, just ignore them. Any news leaks then volume of share traded will fly through the roof............

Really, you need to look at your posting history;

http://www.lse.co.uk/member-info.asp?nick=StockTracker&page=1

TD is done, news coming. News coming. Wait until the news gets out. News coming. Across so many stocks. And yet, they never have news.

Thats a short term trader....trying to pump their positions. And they are as bad as the likes of Oiler87........no interest in the long term, just short term trading BS.

Stocktracker, you seem one desperate person to get the share price up.

All the BS in the world about your sources is not going to do it.

Looks to me like you took out a load of spread bets, you are in the red now and worried about the December rollover date coming close and you really dont want them to be running slow, because that means you have to close or roll soon - and take the loss and new margin requirements.

Again.

If the photos were accurate that were tweeted this week, then they are not at 1200 meters yet and not into the main target. Final casing point to do means they could go the full 45 days drilling and then logging on top, so might even be a Monday 17th Dec RNS. With no further casing points to go, if the photo is correct, then its just drill down to TD, but the rate of progress has been at the lower end of expectation, so therefore the full 45 days or more may be needed to get to TD.

Weather remains excellent........no issues if they need to drill to mid-December.

Which would mean the photos are correct............up to date.

Casing now being done and drilling into the main target in the coming days.......... maybe, hence the complete drop in volume.

The volume chart for yesterday and today.............showing a complete drop in volume, would say this well is presently not a duster or a gusher.........its just ongoing.

If this well result was known, selling volume would be through the roof, or buying volume through the roof...........the very low volume says.............still drilling and not drilled the main target zone yet methinks.

45 day drill then.

Its not that cold there. From the photo it could be 10 deg C or minus 10 deg C. So they could be new pics ??

jndavid

Dont know how old the Twitter pics are, but they would suggest they are not drilling the final section through the main target...........as the smaller pipe for the final section is still unused on the racks and they are using larger pipe diameter.........so still a casing point to go and the final casing point would be above a target section.

Perhaps that the selling stopped yesterday - as people saw the pics and realised if the pics are current then they have not drilled the main target yet.

Interestingly a very low volume day..........

Everybody now out who wants to be out and everybody in who wants to be in.

No panic selling by those in the know, no rush buying by those in the know.

I think we have as yet not entered the main target zone.............

.

I see the uncrossing trade was at 5.3p and MATD ended blue.

Which means we open today at 5.3p and certainly will go red to start with, as actual closing price was 5.075

So prepare for a red open.

Pumping and dumping works on micro cap companies in small size.............but with the market cap of MATD they need to be buying around 10 million shares in the first 2 hours of trading in order to try to pump and dump it............. a million in 10 minutes is not going to cut it.

Whoever teamed up to do those buys this morning in the first 10 minutes. Failed as they only bought a small amount of shares.......no constant buying, just a quick flash in the pan.

If you want to pull that stuff off you have to have deep pockets and buy and buy and buy and buy for hours, then people might believe.