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Mmmmm Fundy.

How did the plethora of updates from SOU do them ? DUSTER....................

Updates mean nothing.

Results mean everything.

Only those unhinged people margin trading on Spread Bets and CFD and other nonsense like that need to have regular updates.

Just buy real shares, relax...............if WH-1 is a duster so be it, sit back and wait for Fox-1................thats the beauty of having fully paid for shares.................. :)

All last week was low volume very day.

Not one day went over 5 million shares traded.

MickR, if anything had leaked you would see very high volume. Bad news or Good news. Both would create high volume. At the moment...........volume is low.

SOU will be testing lows today methinks.

Shame when news leaks out........but it does more often than not. And when you see a big increase in volume and share price moving down or up...........it means news has leaked. The SOU chart has been screaming for days.....Duster........big increase in volume and big share price fall. Volume is key..................

And SOU put out lots of updates..................but updates mean Jack Sh...........

All that matters is the end result................Oil or not.

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Now there is a leaky well.

SOU chart..........massive drop........big increase in volume with the drop in recent days.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^SOU&type=1&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=&scheme=&delay_indices=DELAYED_INDICES

14th Nov - Target Depth reached and will do wireline.
https://www.investegate.co.uk/sound-energy-plc--sou-/rns/te-9-total-depth--rns-reach-/201811141527363822H/

19th Nov - Wireline results duster.
https://www.investegate.co.uk/sound-energy-plc--sou-/rns/eastern-morocco--te-9-results/201811190700056909H/

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Weather has been excellent really.

https://www.accuweather.com/en/mn/bayansayr/241957/november-weather/241957?monyr=11/1/2018

This coming week they should enter the Main Target Zone, if not already. Fingers crossed something good happens, but as always, be prepared for the duster, its the most likely outcome.

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MIKEY30, its quite possible they are exaggerated as by the same token of short term traders not wanting to hold over winter............also the shorts will not want to lock their money away and hold over winter, they will want to close their shorts and take profits and use their cash elsewhere...........so after the initial sell off there could indeed be very strong buying of MATD shares - in the event of a duster.

MIKEY30.

if bad news comes, the MM's will prevent any buying. Their first priority is their Spread Bet mates..........so they will drop the asking price down ( I suggest to 1.9p during the opening first 20 minutes) to help the Spread Bet companies to close out all long positions with maximum losses for the punters (gains for the spread bet companies who will sell their stock higher).

So initially a massive drop, prevent buys.............force sells at super low prices.

Next up.......start allowing buys......sell off the actual stock gained at higher prices to people wanting to buy, wanting to close shorts.

Next up........drop the price again as short term traders sell 10% or 20% gains on the day.

So yes........... due to the manipulative nature of an ALL MM stock like MATD (sadly not SETS) I think the selling price will go below 2p in the initial flurry of activity on any duster news for Wild Horse-1.

This is why MOST people lose money with short term trading tools like Spread Bets.............only a few ever make money in the long run, most people simply lose money with these tools.

I prefer a stress free life...........which is why I buy real stock - never use short term trading tools like SB or CFD or other crap.......... :) I can hold though ups and downs, winters and springs...........I sell when I want to sell, and I can hold for as long as I want. In the case of MATD, I will hold until all remaining 5 drills are done and all results announced - especially as each of those 5 in their own rights is worth more than the current share price.

5 chances to make nice profits :)

DG1.

Each and every oil discovery is different. Different type of oil. Different type of PSC. Different costs.

Firsts things first, Mongolian PSC is among the best in the world.

Companies can claim back the cost of exploration, the cost of development, the cost of extraction and the cost of transport to sell the oil...............everything can be claimed back.

In simple terms if you earn 5K a month in a country where tax and VAT totals 20%, this is much more valuable than in a country where tax and VAT totals 57%.............both are the same size at 5K.......but one is more valuable than the other.

Any oil discovery here, with these PSC terms, is highly valuable.

On a WH-1 duster I would expect the share price to drop to perhaps 1.9p initially, before recovering to around 2.9p before dropped back to the 2p to 2.5 range over December/January..........then start to pick up in February/March to around 3p to 3.5p ahead of the Fox-1 drill in April.

Fox-1 at 200MMBO is worth around 160p a share on an oil discovery and has excellent 3D and bright spot....very good chance of success there.

Success at WH-1........on the Pmean 480MMBO its worth 360p a share after flow test and appraisal............ but that excludes nearly a billion barrels of nearby follow on leads derisked in the success case. Quite simply - if you are holding and WH-1 comes in - I will keep holding as it will grow and grow...........some will try to trade the ups and downs - I will just hold all mine :)

Will be down to one of 2 things :

Somebody has over leveraged themselves on oil stocks using those awful horrible short term instruments of doom, like spread bets or CFD's and is now getting margin calls and so panic selling (like RKH down 12%).

Or...

There is bad news coming (maybe a suspension of drilling or WH-1 is a duster).

Given the falls of most oil stocks lately one hopes (although not for the punter) someone has got a margin call and was forced to close their MATD position due to lack of funds. Thats Spread Betting...........a tool to bankrupt most people...a tool that should be avoided., Great in a bull market and a killer when bull turns bear.

Look at today's volume...........very low. If anyone knew this was a duster or a strike then volume would spike up........given a chance of an initial 70% fall recovering to 50% fall on a duster, anyone who knows this is a duster would be selling like crazy now to get this excellent price to sell ahead of the news.

Depending on progress the drill bit will enter the main target sometime this week or next.............volume spike will show when it is...........

https://www.accuweather.com/en/mn/bayansayr/241957/month/241957?monyr=11/01/2018

Weather is fine at the moment.............. minus 19..........what a liar your are Fundraiser.............

There will be a cold snap around the 24/25/26 of Nov where nighttime temps will get down to minus 18.........but at the moment the weather is fine.

Well, from next week it gets really interesting, we dont know the progress rate, at good speed they should be into the main target zone next week.........at a lower rate of drilling it will be the week after.

So now the real fun begins.........it was interesting that traders selling out on Friday got absorbed....when most stocks were down MATD was up and ended flat.....I would guess that is due to the go ahead to drill into the main target zone, so some informed people are happy to increase holdings perhaps ??

Will we get a gap up Monday morning ?

MM's gradually taking the price up, sucking out all the short term traders..........looks like someone has asked for a lot of stock - but no rush - fill the order over the coming days.......

Looks like we are getting that secondary volume blip, just as expected as into the 2nd secondary target.

Positive......but everything all depends on what the main target holds, only that can deliver a commercial oil discovery worth in excess of 300p a share based on Pmean 480 MMBO recoverable.

The reason I am expecting only blips of volume for the upper 2 targets, if any blips, is that as I posted, they are not commercial in their own right if they contain oil.

They are upsides but commercial or not depends on the main target at the bottom being full of oil.

The other consideration is that for this kind of play type, different intervals can contain different fluid types.

Upper secondary target could be gas, middle secondary target oil and bottom main target water.

So really, you will not get any really big buying volume until they get into the main target and something leaks.............until then just smaller volume blips could be possible based on the two upper secondary target zones.

Would be good to see some strong buying in the background today, they should be into the 2nd of the 3 target zones around now, or over the weekend.

Interesting now and all to play for.

The upper 2 secondary target zones are too small to be commercial in their own right, the main lower target which holds the 480 MMBO potential recoverable load is the one that needs to strike.

This is why the Pg is 20% and the Pc is 9% as everything rests on the main target at the bottom in terms of commercial oil discovery.