Member Info for Scully12345

From Boom123:

Unlike the frontier nature of the drilling in Blocks IV and V, the exploration targets in Block XX are located in basins that are either the continuation of proven producing areas or are adjacent to proven basins where the stratigraphy and the petroleum systems are well understood. Two of the high graded prospects in northern Block XX have actually been drilled and proven to be oil bearing across the lease line in Petro China's Block XIX. As such, the Block XX drilling campaign will focus on targets with good chances of success and with resource potential that offer excellent development economics and the possibility of rapid commercialisation in the event of success.

To massive delayed trades just printed 1.8 million 2.9p

Wildone1 - Malcy disagrees with you abiut management on his comment just now: "Petro Matad Petro Matad announced yesterday that the Wild Horse 1 well on block IV was dry, the structure ‘had to be drilled’ but unfortunately has led to another failure with the drill bit. All is not lost for the company who still have funds for more drilling and there are still a number of prospects that might come up trumps and the management is impressive."

WildOne1 that's a terrible deramp and no-one is going to believe it. Shouldn't you be over on advfn bb with your market abusing mates?

Well I called the bottom correctly

If it goes blue soon with the momentum I think we could test 3p today easily.

opulentia sorry it's because I've been accumulating too. I'm getting a bit click happy and trying to beat you to the million ;)

CaptainStanley I didn't say impossible but it is improbable. Share price is actually currently 2.35 - 2.45p and 2.45p is being smashed.

Bouncy bouncy

It's digusting I don't read it. I've reported it thoigh as I pay advfn good money monthly for L2.

CaptainStanley - and when historically as the share price been at 1.5p with the current cash, fully funded for 12 months' drills, saving the best until last with the remaining drills. It isn't about if there'll be oil it's if it will be commercial amounts. Get out a calculator and work out mcap at 1.5p vs assets and cash and realise how naive you sound lad.

SBB1 this should rise on sentiment and anticipation of news alone. It was a 10 bagger at 5 or 6p on the the right news.

MrSoi6 if it was me and it's been me plenty of times I'd taje the opportunity average down if you belueve in the investment case. I'd bottom drawer it and come back later. But if I didnt believe in it I'd sell at a loss.

SBB1 I'm calling the bottom here. Going to build up a stake of half a million shares to start. Then up to a million in Jan/Feb when more funds should become available. Bid just went to 2.3p and full ask 2.35p is being paid so looks like people are going to load up here imho GLA. Anyone who sells at this pruce a big silly I think.

I'm in for a few. Keeping a bit aside in case it goes lower. Yes still in flybe

How is this similar to Flybe lol?

All in my opinion but I think a technical bounce is coming

Don't worry guys 50% drop today on MATD was just the MMs special discount for Cyber Monday - any other day the duster news would have just been 20% or a drop to 4p was more realistic so I'm expecting a rise of 30%+ tomorrow. So I've decided to invest the £15k I'd reserved for Ethereum into this instead tomorrow. I hear it can often be hard to buy MATD in quantities greater than £1k per tranche and am reluctant to feed those brokers more than I need to but needs must - I'll be a busy bee tomorrow on market open.

Imtk you could lose 50% on that - placing shares hitting market Wedndesday so some could be flipped. Better to wait. Shares always drift below placing price.

Could 10x bag on the right news soon