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I don't know if am getting my figures wrong or not but this is what i make of it, 11 000 000 boe proven and probable at say $40 a barrel = $440 000 000. When they had $25 000000 the share price was 0.7p They share price will depend on phase 3 which should add more! and how fast they can get at the oil. I think it is safe to say its going to be higher a lot higher!! I am starting to think 10p isn't that ridicules!
they have to be suspended while they prepare the documents needed, I think.
Rules say it had to be suspended !
it is a much safer bet with him onboard. the share price when up more than 200% when he bought in and drifted back down slowly.
oh and there is also the Maxim Barskiy effect with his impressive CV and track record, most companies of this size will not have a MD with such a good track record. So that could and should help the SP along nicely. If anyone can MB can ;)
I guess it depends on how fast they can get it out of the ground, but I don't think 5p is crazy
ecoverable reserves of 10,575 Mboe, averaging 68% oil, for an aggregate consideration of up to $28.2 million. The leases in aggregate have existing well stock of 221 wells and an estimated 379 new well locations. Current production across the leases is approximately 60 boepd. I make that 6 million barrels of oil recoverable at say $50 a barrel is $300 million then there is the gas to. but going on the oil alone that is 181 million pounds then say put a discount of 80 million and go for $100 million. I make that 5p a share at a dig discount and full price is and 9p a share at £180 million
Has anyone got any rough idea on what the share price could be? is 5p-10p way to much or is 2-3p more like it? I am don't interested in a word or bitter share price prediction ultra punch has after selling all his shares before the suspension came about
Hi Guys Ive found this interesting little fracking company called Doriemus PLC looks good to me Have a look and let me know what u think
I think there one thing we can all agree on, this thing is going to take off when it reopens !!! ;)
Look at my post from 16:12. That came from the RNS Ill go by that thank you very much !!
Well we had better keep are fingers crossed that everything goes to plan !!!
So the Matra team estimate 10 million barrels of recoverable oil left so lets say $10 to $20 a barrel thats $100 million to $200 million.
the Company has granted to PSOFEI, LLC options to subscribe for 150,000,000 ordinary shares in the Company at a price of 2.24 pence per ordinary share. The options may be exercised for a period of one year following the later to occur of: (a) completion of the Phase 2 Investment;
Phase 1 Assets and 20 anticipated new well locations. Matra's internal management estimate of remaining recoverable reserves is 417 Mboe. There are 186 existing wells and 89 anticipated new well locations on the Phase 2 Assets. Matra's internal management estimate of remaining recoverable reserves is 3,371 Mboe. The Company has identified 270 anticipated new well locations on the Phase 3 Assets. Matra's internal management estimate of remaining recoverable reserves is 6,788 Mboe Seems like a lot of oil
(the "Phase 1 Investment") has been made and a further two phases are expected to be completed by the second quarter of 2014.
I for one think this has the potential to be a great deal!! a little oil company with 60 bopd, lots of potential drill sites, a good team in place, that took there time to find this site, have good past experience in developing depleted oil fields and new drilling techniques, and a field that has had extensive geological surveys carried out on it!! ohh and the financial baking of Altech to pay for the drilling! I don't think it will be to long before that bopd is significantly higher. just when they start drilling the sp will rise on anticipation of good news!! happy days!! 2014 might be a great summer for matra share holders!! I dare say they are planing there first drill site now!
I dare say they are planing there first drill site now!
I for one think this has the potential to be a great deal!! a little oil company with 60 bopd, lots of potential drill sites, a good team in place, that took there time to find this site, have good past experience in developing depleted oil fields and new drilling techniques, and a field that has had extensive geological surveys carried out on it!! ohh and the financial baking of Altech to pay for the drilling! I don't think it will be to long before that bopd is significantly higher. just when they start drilling the sp will rise on anticipation of good news!! happy days!! 2014 might be a great summer for matra share holders!!