Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
''The only oil I can see with Matad is Snake Oil mate!''
You ain't invested at all here and will be the first to say ''ha I told you so'' along with pishand.
On the flipside if they do hit oil you'll pretend you're invested to avoid embarrassment on a bb full of strangers.
Utter sad case!!
wildone, you're just polluting the bb with moaning and it's getting boring now get a grip, sounds like it's your first time involved with small exploration companies, trust me on this one most of them miss targets they set out, get over it.
your scepticism is more to do with not being invested, let's be honest now. Nobody with brains bashes a company they're invested in, and if you're not invested and not looking to buy in cheaper it begs the question.......what are you doing posting on a bb full of strangers trying to get reactions for???? sad
to me the longer this goes on the more it's swinging in favour of a strike, why hang around for 70 days if there's nothing to test? If they've found something of interest, they'll test it. Why waste time and delay the rest of the drilling program hanging around a well that's a duster.
as followed:
''We are all here because we know Matd has the potential to be life changing and when I say life changing I mean potentially 50 times returns if big oil is struck and it commercially flows into the big new refinery they are building, the next 3 months here with the drilling of SL and Wildhorse could well make a few of us millionaires.. let’s see I’m also excited to get the block XX drills going the mcap hit £350m alone when we last drilled block XX just shows how crazily undervalued the current price is''
-''Wolf petroleum blocks are no where near the same quality as Matd, if they were then why did BG group farm in to Matd blocks and not anywhere else in Mongolia... they clearly saw something very special in blocks V and IV, so if it’s good enough for BG group the most successful exploration company over the last 10 years... then it’s good enough for me as a private investor now we are fully funded to drill 6 high impact wells, huge rewards on offer for those willing to do some proper research the BG geologists loves the potential of Mongolia and they chose Matd to partner with for their blocks and acreage speaks volumes imo''
-''We strike oil on these drills and we will all be incredibly wealthy, BG group geologists thinks there is oil on SL as they chose it as a drill prospect so that’s good enough for me you don’t get many opportunities in life at vast wealth, this is one of the those few opportunities that may never come around again''
-''Agree if we have to wait until the end of the drill target depth for results then so be it, patience required''
looks like mr big time has papped his pants hahahahahaha
cheers jndavid490, I've read quite a lot of the presentations I was just looking for the particular interest BG took in SL over other targets, all is definitely looking promising and a duster seems to be priced in with the WH monster target to follow, only way is up I guess, sure there's a song in there somewhere!!
This well could potentially catch a lot of people out sat on the sidelines, this could be a potentially a 200mmbo and oil shows or not could come next week from the shallow turbidites.
From the presentation:
Snow Leopard has 2 main target sections with c.90MMbo recoverable potential (mid case) *
▪ 3 or more additional stacked pay zones identified as potential upside
▪ If shallow turbidite concept is proven then a large (200+ MMbo) combination trap play opens *
▪ TD 3350m. Well cost c.$7MM *
▪ Success de-risks 14 prospects/leads with resource potential of c.500MMbo *
''This will not, however, impact Petro Matad's ability to drill both Snow Leopard and Wild Horse during the 2018 drilling season based on our best estimates of well duration.'' I'd rather hear from the man himself than some random person on the sidelines hesitating to buy in, hoping to fear monger investors into selling for his own selfish gains of a cheaper price, fortune(or not) favors the brave!!!!
from may RNS 2018 drilling - Mobilisation underway Permitting for the Snow Leopard 1 well has been completed and the notice to mobilise the rig has been issued to Sinopec. The rig and consumable materials are already in Mongolia. Sinopec is now moving logging and cementing units from China and will move all equipment to site once the drill site construction has been completed. Unfortunately, there has been a delay in obtaining foreign worker visas for the Sinopec drilling team and this will likely move the spud of Snow Leopard 1 into July 2018. This will not, however, impact Petro Matad's ability to drill both Snow Leopard and Wild Horse during the 2018 drilling season based on our best estimates of well duration. Permitting for the Wild Horse 1 well is nearing completion. The Detailed Environmental Impact Assessment is approved and chemical permits are progressing. Completion of permitting should facilitate a seamless move from Snow Leopard 1 to Wild Horse 1, avoiding any unnecessary delay or standby costs. On Block XX, the rig tender process has been completed and results are under review. Permitting is progressing smoothly and we are on schedule to drill in late Q3 or early Q4 2018 depending largely on the exact timing of rig availability. Mike Buck, the CEO of Petro Matad said: "The Petro Matad team is very pleased to have started mobilisation to drill the first well, Snow Leopard 1, in our western acreage. Good progress has also been made in identifying additional prospects. I would like also to welcome John and Jerry to the Petro Matad team. They are both are very experienced professionals and have already made an impact on our knowledge and understanding of our asset base and potential prospectivity." Further announcements will be made in due course. tick tock tick tock......it's coming!!!!!!!