Pro_S2009
25 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Just a reminder, if Red Deer-1 comes in with the Pmean 48 MMBO recoverable, that would have an NPV10 of 300 million US$. Which would be transformational for a small company like MATD. They will be into Red Deer-1 primary target this coming week, with logging then to be done results should be week during commencing 2nd Sept.
Pro_S2009
21 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Re-looking at everything I would suggest that Red Deer-1 will drill into the Secondary target Thursday 22nd of August. They will start going Primary targets on Monday 26th August and should be at TD around Thursday 29th August. Then they have to do the logging run…so results from Red Deer-1 expected by me week commencing 2nd Sept…maybe mid week to late week. Heron-1 will be into a potential Secondary target on Sunday 25th August. Heron-1 should be into the Main Primary Target on Tuesday 3rd Sept with TD around 5th Sept. Then they have to do the logging run so results week commencing 9th September. So…now all the fun starts…2 drill bits now about to enter target zones (secondary upside ones) with the main primary target zones being penetrated next week for Red Deer-1 and the week after for Heron-1. .
Pro_S2009
20 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Following todays update : [link] The new forecasts by me are : Red Deer-1 well will be into Secondary target during week commencing 19th August. Red Deer-1 well will be into Primary target during week commencing 26th August. Red Deer-1 well results and RNS week commencing 2nd Sept. Heron-1 well into Primary target week commencing 26th August. Heron-1 well results and RNS week commencing 9th Sept. Gazelle-1 spud early October .
Pro_S2009
19 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Heron-1 appears to be here on Google Maps. Recent satellite image. x0!8m2!3d46.8266944!4d116.1555" target="blank" rel="nofollow">[link] .
Pro_S2009
15 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Heron-1 is 1KM away from T 19-46-3 well, same geology, no faults. If Heron-1 is not an oil strike and producer, I will eat my hat. Every dog has its day, Heron-1 is dead cert to strike oil. Worth pot. 18p a share to #MATD Red Deer-1 pot. worth circa 32p a share Annotation 2019-08-15 163507.jpg702x500 59.4 KB
Pro_S2009
15 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 My estimates now : Red Deer-1 well will be into Secondary target during week commencing 19th August. Red Deer-1 well will be into Primary target during week commencing 26th August. Red Deer-1 well results and RNS week commencing 2nd Sept. Heron-1 well into Primary target week commencing 9th Sept. Heron-1 well results and RNS week commencing 16th Sept. Gazelle-1 spud October.
Pro_S2009
14 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 I will put this here, as IF MATD do strike oil, some numpties will be along to tell you its worthless. Actually, Mongolian oil is very valuable. The PSC terms are rather wonderful…the oil has very high value in real terms to the producing company. Look at these PSC terms - keep this to repost later - compare these terms against some other countries terms, see how much the oil is worth in other places in real terms to the producing company, after tax and tax and tax is hit upon them. Petroleum Sharing Contract (PSC) Royalty: Block XX 5% Low cost in comparison to other jurisdictions Corporate tax: 0% Speaks for itself, designed to encourage foreign investment Cost recovery mechanism: Exploration, development and operations costs recoverable against oil production with annual cap of 40% of total gross revenue. The remainder is carried over. Transportation costs are recoverable This really needs shouting about!! Costs of Exploration, Development, Operations and Transport can be recovered in the success case. The implication for this is that on any success, when coming to arrange finance, this puts the company in a very strong position. This is something quite special Contractor Profit oil split: Block XX 45% to 60% This highlights just how aligned the Mongolian government is with the success case. Implications are to enable a significant cash flow from production.
Pro_S2009
14 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 50p of upside if both wells strike. Sub 2p if both fail. 18p if Heron strikes on its own. 32p if Red Deer strikes on its own. I like the risk/reward ratio - no other stock on AIM offers that upside in the coming 5 weeks…
Pro_S2009
14 Aug 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Quicker than was expected…with Heron-1 resolution…off we go. [link] Heron-1 and Red Deer-1 both drilling ahead… 50p a share of oil potential to be found
Pro_S2009
31 Jul 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Will be interesting to see how Elixir get on with the CBM drill which will be soon as well. Finfeed – 23 Jul 19 Mongolian oil and gas sector heats up The Mongolian oil and gas sector is attracting attention this month with two exploration companies embarking upon drilling programs. AIM-quoted Petro Matad (LON:MATD) could be on its way to delivering a Mongolian oil discovery in just over a month... Last day of July, will MATD be able to spud Red Deer-1 and have the 2 drills ongoing, or are they going to delay slightly to allow Heron-1 to complete about a week before Red Deer-1 completes…allow some breathing space ?
Pro_S2009
30 Jul 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Share price moving up now. Maybe too early for Heron-1 news, however the Chinese said they could drill and log it in 19 days…however, I think they need quite a bit longer than that. My expectation is for them to be in the target zone around 12th August…but who knows. Will Red Deer-1 spud this week as well ? .
fabio.chirielli
21 Jul 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 so from August 12, could it always be the right time to see the stock grow? I have no idea at what level I will be able to liquidate … unfortunately I am Italian and I cannot have much news. yours are the only ones, so thank you
Pro_S2009
21 Jul 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Just for a bit of fun and note that any mechanical failure at all will totally delay everything… Based on other DQE drilling a rough schedule is averaging 130 meters per day (with no mechanical issues) over a well to TD. Heron-1 is 3050 meters and so divided by 130m/d would give 24 days to get to TD, prior to initial wireline logging and then initial RNS at say day 30. Red Deer-1 is 2106 meters and so divided by 130m/d would give 16 days to get to TD, prior to initial wireline logging and then initial RNS at say day 22. Entering of the Primary Target at Heron-1 should be around 2800m onwards which would equate to day 22 of the drilling. Also secondary targets earlier. Entering of the Primary Target at Red Deer-1 should be around 1650m onwards which would equate to day 13 of the drilling. Also secondary targets earlier. Heron-1 spud was 19th July. Volume spike time - anytime after 10th August. Results RNS after wireline anytime from 19th August. Red Deer-1 spud ETD 29th July. Volume spike time - anytime after 11th August. Results RNS after wireline anytime from 19th August. So, from Monday 12th of August, if we get crazy volume spikes we will not know if its Heron or Red Deer or both. Enjoy the ride.
fynne
19 Jul 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Spud Heron 1 RNS with around 40 days drilling. … second rig to spud this month also. Two chances of hitting oil should shift this share price upward at long last
Pro_S2009
12 Jul 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Edison update for MATD. [link] .
