Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 RNS 26th June states Heron 1 was on track rob start drilling in July … expected drill time 35days (late August) Red Deer 1 (2nd to) also expected to spud before end of July … again 35 days forecast (early September) Rig from Heron 1 moves to 3rd drill site Gazelle 1 News flow over the next two months will be interesting … noticed an increase in the sp last few days … fingers crossed
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 when are the next news expected?
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 July! and two wells have been forecast to spud this month… news due very soon.
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Ticking up today … hoping this years drilling goes as planned and no surprises … other than oil (obviously). Very frustrating in the last couple of years here.
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 I believe Heron COS is 75% and Red Deer COS was over 40%. Red Deer is a basin opening play, if that comes in thats worth a load plus a lot more. Heron 25 MMBO circa 18p a share Red Deer-1 48 MMBO circa 32p a share (plus loads of follow on leads) Gazelle 13 MMBO circa 8.5p a share Drill 4…depending on where it is, if Block V then its a biggie, 200p a share potential, if its Block XX again then maybe another 20p to 30p a share size drill. Both Heron and Red Deer one due to be at TD at the same time, mid August.
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 2019 Drilling : 1/ Heron-1 due to spud early to mid July 2019 - 30 to 40 days to drill - Block 20 2/ Gazelle-1 due to spud late August 2019 - 25 to 35 days to drill - Block 20 3/ Red Deer 1 due to spud mid to late July 2019 - 25 to 35 days to drill- Block 20 4th well - To Be Decided Either in Block 5 (Raptors) or another in Block 20 .
O/T GCM Resources - maybe of interest? MATD… XXXXX Good… GCM POST
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 49% drop today! Do we give up on this one?
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Wild Horse-1 is a duster as per todays RNS. Got to wait for the drills in 2019 now (all of which are fully funded based on the current plans for 4 drills. If you take the content of the RNS it looks like : Next up will be the three low cost Block XX drills. These are all in effect appraisal and have very high chance of success. Each and every one of them is worth more than the current share price. Drill these three first seems to be the plan, then I think a fund raising at a much higher price. Fund raising will be for drilling in Block V where they now have (based on the SL-1 drill and latest seismic) three very large 4 way dip prospects. The fund raising will therefore pave the way for a 2 or 3 well drill campaign in Block 5. This is when the rig will drill Fox-1 and then one or two other new prospects they are working on. So thats how I see it panning out. 1st Drill Block XX (already funded - no need for fund raise) 2nd Drill Block XX (already funded - no need for fund raise) Fund raising based on success in Block XX and new leads. 3rd Drill Block XX (already funded - no need for fund raise) 1st Drill Block V (Fox-1) (already funded - no need for fund raise) 2nd Drill Block V (new prospect in the south of the license) Fund raise required. 3rd Drill Block V (new prospect in the south of the license) Fund raise required.
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Weather has been excellent really. [link] This coming week they should enter the Main Target Zone, if not already. Fingers crossed something good happens, but as always, be prepared for the duster, its the most likely outcome. .
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Excellent timing for the rise yesterday…as we know from Snow Leopard-1, on day 39 just as they entered the upper secondary target and got C1 to C5 gas shows…big volume day. And now, just as they should be entering the upper of the 3 targets (largest at the bottom), we get some good buying coming in. So, looking good…nothing is certain, but looking good. Need to see sustained buying and a rising price, with lots of fall backs as people sell for a quick profit, followed by more buying…repeat and repeat.
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Lets hope it ain’t a duster… If successful, this would mean an enormous change for MATD and the share price would certainly explode (at least in the medium to long term).
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Wild Horse-1 is spudded. [link] .
Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019