The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Expecting another drop tomorrow.. testing results not until October.. grim. Suspect shares will be moved across until then
I wonder if Mickey mouse has a Penderos watch
News next week on red dear 12 mins in.. testing flows and gazelle spud start end of month.. sounds positive does our mike..
https://www.valuethemarkets.com/2019/09/12/valuethemarkets-podcast-020-with-mike-buck-ceo-of-petro-matad-matd/
Theres the code buy lol rns tomorrow?
We are in mid September.. 'The Red Deer 1 exploration well in the Asgat Sag Basin of Block XX spudded with the Daton Petroleum Engineering and Oilfield Service LLC rig, DXZ1, on 4 August 2019. The well is targeting a prospect with 48 MMbo of Mean Prospective Recoverable Resource. Drilling operations continue towards the planned TD of 2,100 metres. Results from the drilling and logging of the well are expected to be completed by mid-September 2019.'
Gla fingers crossed
Good luck all for next week
Follow the evidence to where it leads - Repost:
Excellent posts from our trusted geologist [macd_91]
Intro:
I am a fellow investor in MATD from 2016 dipping in and out depending on my view of the reservoir modelling stage and drilling stages of the campaign (av. 4.3p). I don't try to be all knowing like a lot of the self proclaimed know it all's who chime in here, but i know what i know and invest on facts rather than sentiment.
The bottom line is; the likely hood of finding oil is very high, its pretty much an appraisal well, the new seismic data and extra reservoir modelling as well as a proven hydrocarbon system make it a very strong investment. (people who state that the companies history indicates its future are either uneducated or just stupid.)
Stick to the facts and enjoy the ride.
Seismic/reservoir modelling:
What you are looking at in that presentation slide is related to the seismic, however it is actually a topographical representation of the top reservoir. Think of it like a regular topographical land map where you have valleys and mountains. The blue is essentially representing the flanks of a topographical high. The reason this would be picked as a reservoir is because more often than not oil will be found in these structures when a proven petroleum system is present.
This isn't always the case however as there needs to be a good top seal to prevent the hydrocarbons escaping, the same with the faulting that has created the structure. Faults can potentially leak, however with proven reservoirs in the area one can assume that most of the faults are sealing in this area due to hydrothermal fluids and shale smear (fluvial sediments often have good inter-bedding with mud which acts as a seal along the faults) taking place during the rifting phase.
COS explanation:
COS is a difficult thing to apply, exploration wells have a ceiling on their COS (i can't remember off the top of my head) but it basically limits how you can weigh your drills.
Some wells drilled in the north sea have a COS of 25% which is considered very high.
As stated if MB has said 1/3 then by all means use that for your risking profile.
*Just something to consider before people see it as a very low number/high risk (it naturally skewed to the riskier side inherently).*
Sell on news.. watch it drop today
Not worried, like a few have said interesting timing.. the law has been followed and to get this far no rules have been broken.
That's 3 in 4 chance of hitting. You wont get better odds anywhere else..
GLA its coming imho
Top up time.. gla
Well YODA I've just bought in the dip..
This could be interesting, as Shore Capital have acquired stockdale securities, unless they make stockdales matd advisor redundant nothing much could change, maybe just telling the market because they have to... or Shore Cptl could get a bit too involved and advise a placing.. watch this space.. (Petro Matad (AIM: MATD), the AIM-quoted Mongolian oil explorer, announces the appointment of Shore Capital and Corporate Limited as Nominated Adviser and Shore Capital Stockbrokers Limited as joint Broker, with immediate effect. This follows the acquisition of Stockdale Securities Limited by Shore Capital Market Limited.)
Spudded.. now watch the price drop lol..
Gla..
Nope, picnics tomorrow..
Today's the day the teddy bears have their picnic.
Fingers crossed: )
It's almost brewed, 20p by end of month
Anyone looking at either New entry or Top up imho this is now a Very Credible Strong Buy. It's on the charge
Entry, top up and averaging down.. sub 5p for appraisal well is extraordinary.. can see this taking off in very near future.. GLA