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The way I see this....

Assuming Matad does resolve the tax issue, I would think that would give it a 20-30% rise?

Still, the risk far exceeds the reward at play here.

There are many other stocks with less risks if you're looking for 20-30% profit.

If course, if MB manages to up flow rates for H1, more reward, but very unlikely scenario

What are your thoughts?

Imho and DYOR

Just be something is cheap doesn't mean it will bounce, in my honest opinion.

I'd still think this is a risky buy.

Knowing it's Matad and it ran by MB, I wouldn't be surprised at all if operational work would be delayed until after Winter Shut down.

The SP can still drift from here onwards, and any sniff of bad news or screw ups, down it goes further.

This is Matad remember.

Imho and DYOR

Adw198, thank you for your reply and your honesty.

Adw198, are you expecting one or some of the wells to deliver, or simply betting on a rise leading up to results?

Would like your honest opinion on that.

I fully believe there are 2 more phrases of drop.

One leading up to winter shut down.

The other is when bad news drop for Gobi and H2.

Imho and DYOR

Velocoraptor talking more rubbish.

If Matad are sitting on 3 billion dollars worth of oil on the Heron field, then why T F is MB not focusing on that, but instead he goes for H2 for 30bopd, and Gobi which previously announced no oil show, and Gazelle which had been suspended for as long as I can remember.

None of it makes any sense, but keep trying to ramp up the stock.

Imho and DYOR

Are people really that deluded to think Petro China are holding down the Matad share price....

Let me tell you....I have been here long enough to know the smallest details.

Before Matad even started drilling Heron, they needed to seek Petro China's authorisation.

The reason for that is because the below ground Heron structure is actually part of the Petro China formation.

Mike Buck at the time in his own words even said "We had to shamelessly drill Heron." This was shortly after the failed wildcat drills for Wild Horse, Snow Leopard etc.

Anyway, Petro China's response was that Matad can have that part of the field. It's of little to no value to Petro China.

Petro China must have known that the field would only flow at 160ish bopd even at that stage. That's why it wasn't worth their time as a major player.

Petro China doesn't need MATD and their 160bopd. They have plenty of resources in their backyard.

Imho and DYOR

Don't see much buys going on.

You would thought the believers would accumulation more share at this level of they truly believed the SP would recover to 4p?

Nonsense!

Actions speaks louder than words.

Imho and DYOR

He could well be correct or he could well be incorrect.

Based on his past record, where all 9 well drilled and only 1 has oil and it was hugely under expectation, I'd say chances he could be well incorrect once again.

Imho and DYOR

Every update has been a red day. Let's see if this one will make any difference

"if they do not deliver THEN and only THEN can you complain."

What TF are you talking about. Strictly speaking, NONE of the wells have delivered to expectations, and it's why so many are expressing their dissatisfaction.

Imho and DYOR

I fully believe there are 2 more phrases of drop.

One leading up to winter shut down.

The other is when bad news drop for Gobi and H2.

Imho and DYOR

I fully believe there are 2 more phrases of drop.

One leading up to winter shut down.

The other is when bad news drop for Gobi and H2.

Imho and DYOR

A very good summary and information on the timescale of the winter period in Mongolia.

Needless for me to say, I think deep down you know the outcome already. There is a lack of urgency for Matad.

Imho and DYOR

All the odds are stacked against Matad.

- Winter Shut Down Approaching

- Low on Cash. Not enough for further drilling

- H2 best case scenario 30bopd

- Gobi previously announced no oil show

- No JV or buyout from Petro China

0.4p coming

Imho and DYOR

Except there won't be solid productive news.

The best you can hope for is 30bopd from H2.

That's how dire and irrelevant Matad has gone to.

Imho and DYOR

MKA has already past £100million market cap.

Would caution anyone buying on at these levels.

It could sink just as fast.

Thanks Aquisace aka MetalsandMore for trying to pump this on the Matad board

Imho and DYOR

MKA has already past £100million market cap.

Would caution anyone buying on at these levels.

It could sink just as fast.

Back to Matad, 0.4p coming

Imho and DYOR

Winter shut down approaching for Matad.

0.4p incoming.

Imho and DYOR