bedwetter
16 Apr 2018
Senn1965 posts about MATD hahahahaha Quite cringe worthy really as you even invaded other boards to spread the love on MATD.-''Should break 15p early next week on the chart25 40p pre spud imho''-''OT Petro MatadTLOU.LSorry for the off topic but some on here may want to do some research on the above, 4 well drilling campaign starting May/ June, should multibag from current levels, chart is just turning up on the TA once past 9 should see a test of 15p then with more news into the 20p area''-''Wild horse drill to start Q2 May/ June, then 3 more to follow, the last 2 in blocks high COSIt's all on the website good info there''-''Last high was 40p last year, some dilution since then but in a better position as they still own 100% of the blocks, so in theory could retest the highs over the next few months.''-''Should test 14p on technicals but the bigger gains will come by holding 25p is my guess but could be a lot more ''-''Nice buy after close like Hub has stated not to much free float around am expecting 15p this week if not more, like the fact that they own 100% of the drills this time so the rise should go higher than 30p last time around''then your sentiment changed after you sold and you exposed exactly why you've had posts removed from LSE .-''Maybe but i am happy and traded this in 400k blocks about 5 times so happy with what I made I set myself targets entry exit points and stick to them most of the time.Disciplined approach works for me and spring is around the corner somtime for some spring summer fun.''
bedwetter
16 Apr 2018
Just for you Senn from the RNSHighlights · Interpretation of high quality 3D Seismic data in the Tugrug basin ongoing· High quality data has identified bright amplitude anomalies which are very encouraging for hydrocarbon prospectivity· Falcon prospect shown to be smaller than initially anticipated and removed from the drilling programme whilst other more promising prospects identified in the Tugrug basin are analysed and high-graded· 90 MMbo Snow Leopard prospect (Block V) to be spudded first, with well site civil works commencing in May 2018 and required permitting anticipated to be finalised by the end April 2018. Rig fully contracted and certified· The 290 MMbo Wild Horse Prospect (Block IV) will be drilled following Snow Leopard, with permitting progressing as planned· The tender process for a rig for Block XX drilling is near completion with drilling anticipated to commence in H2 2018Based on results so far, with much better resolution of the faulting, it is apparent that the fault block originally targeted for drilling at the centre of the Falcon cluster is smaller than previously mapped. The new data does confirm, however, a large and well-defined fault bounded structure to the East that is considerably larger than the original mapping of Falcon and bright basin centre channelised features are potentially lacustrine turbidites, a proven prolific play type in other lacustrine basins globally. More detailed work is needed on the acquired data to mature these prospects identified by the 3D to drillable status. An accelerated tender process for a drilling rig for Block XX is nearing completion. Based on progress so far, the Company expects to secure a good quality contractor with a tried and trusted rig and crew for drilling as early in the second half of the year as possible. Further announcements will be made in due course. Mike Buck, the CEO of Petro Matad said: "The Company's decision to shoot 3D seismic over the structurally complex Tugrug Basin was a good one. The new mapping on the 3D indicates that we have some excellent targets but we do not wish to delay our exploration efforts in 2018 whilst they are matured to drillable status. Snow Leopard and Wild Horse are two large, well defined and exciting prospects with huge follow up potential. As the firm two well programme for Blocks IV and V in 2018, they will tell us a lot more about the potential of the area and we are moving ahead rapidly with preparations to start drilling during this quarter. Planning, procurement and permitting for drilling in Block XX are also advancing well."Your welcome Senn, maybe now you can quit the garbage now you've sold out I'm sure your posting will change once you've bought back in.
bedwetter
16 Apr 2018
Re: Drill locations Did you even bother to read the RNS Senn???? To me I read they were very advanced into getting another rig for the other 2 drills, falcon was 100mmbls and snow leopard is 90mmbls and you think it's the end of the world hahahaha
boredofblogs
15 Apr 2018
Re: Drill locations Agree 100% .. but if you don't have the permits ?? I trust the board will give us an insight to their wisdom in due course .. I live in hope !!
luckyman2
15 Apr 2018
Re: Drill locations Its more like the 3D has show an even even better and larger target.Why waste money drilling the smaller target while there is a bigger one waiting a few miles away
boredofblogs
14 Apr 2018
Re: Drill locations I hope the board have actually made the right choice here! seems the 3d results have prompted a rethink in the best targets. It could be that delays in permit application for these new highlighted location may have made it to tight within the window of operations that they have. Snow leopard having previously been drilled, whilst lower in expectations should be higher in cos and easier to permit? It also buys time to rethink the second location .. as for the four well programme I believe the intention was always to source a second rig for the other (as per ops update in feb) but better comms and greater clarity by the board is needed if they "want" to improve investor confidence imo .... as usual we're left guessing try to fill the gaps .. aimho and wtfdika
