Petro Matad Live Discussion

Pro_S2009 27 Aug 2018

Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Edit.

Pro_S2009 27 Aug 2018

Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 With regards to Snow Leopard-1 drill, tomorrow will be day 51 of drilling. Drilling and logging was to be “up to 70 days” and so one would expect they are getting close to TD. CEO thought they could finish in under 70 days, the 70 days comes from Sinopec, who MATD are renting the rig and crew from. AGM is on 20th September.

Pro_S2009 26 Aug 2018

Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 And to put some potential figures on mid-case values : 2018 Mid case oil strike - 100% owned Snow Leopard-1 90 MMBO circa 60p a share (early Sep 2018 result) Wild Horse-1 480 MMBO circa 320p a share (Nov 2018 result) Gazelle 13 MMBO circa 8.5p a share (Oct 2018 result) Drill TBC - ?? MMBO circa ?,? a share (tbc…will be in Block XX) (Nov 18 result) 2019 Mid case oil strike - 100% owned Red Deer-1 48 MMBO circa 32p a share (May?jun 2019 result) Fox-1 200 MMBO circa 132p a share (May/Jun 2019 result) Of course, that is not taking into account all the other prospects being derisked if they do strike oil…which adds yet more value. .

Pro_S2009 26 Aug 2018

Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Summary : Petro Matad (MATD) Fully funded six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential: Snow Leopard-1 well (Block V) Spudded 9 Jul 2018, 70 days max to complete, “results end Aug, early September”. a) 90 mmbo recoverable from two main target depths (20 mmbo + 70 mmbo) (“Snow Leopard has 2 main target sections with c.90MMbo recoverable potential [mid case])”; plus b) There could be oil in the shallow turbidite deposits opening up an extra 200+ mmbo play even before they hit the deeper levels. (“If shallow turbidite concept is proven then a large (200+ MMbo) combination trap play opens”). c) Additionally, there are “3 or more additional stacked pay zones identified as potential upside.” There are also 13 or 14 prospects/leads of up to 500 - 600 mmbo recoverable within 35 km of Snow Leopard 1 on their acreage. (“Success de-risks 14 prospects/leads with resource potential of c.500MMbo”). Slide 26: First Well 2018: Snow Leopard Prospect, Block V [link] Wild Horse-1 (Block IV) Spud Sep 2018, “results late Oct, early Nov”. Targeting 480 MMBO. Named by Wood Mackenzie as in top 20 exploration wells worldwide to watch in 2018. Block XX Near field Gazelle prospect targeting 13MMbo & rapid commercialization. Spud late Sep 2018, complete Oct 2018 (3 weeks). Block XX -TBC -rapid commercialization Spud late Oct 2018, complete Nov 2018 (3 weeks). New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure. Spud late April 2019, complete May 2019 (3 weeks). Fox-1 (Block V) Spud early Q2 2019. Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017. Fully funded Oversubscribed placing in Jun 2018 provided final tranche of funding for all six wells above and management participated in placing. Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

Pro_S2009 26 Aug 2018

Petro Matad (MATD) - 6 fully funded wells to drill Q4 2018 to Q2 2019 Broker Note : [link] Video Interview with CEO : [link] Conference Call Audio from 10th July 2018 : [link] Snow Leopard-1 well is now nearing the latter stages of drilling and results expected in the next couple of weeks. After that Wild Horse-1 well spud - one of the biggest wells to be drilled in 2018. Billions of barrels onshore at play, Super Majors watching for results of drilling to look into farming in, upsides of the wells is large compared to the current share price. And to put some figures on mid-case values : 2018 Mid case oil strike - 100% owned Snow Leopard-1 90 MMBO circa 60p a share (early Sep 2018 result) Wild Horse-1 480 MMBO circa 320p a share (Nov 2018 result) Gazelle 13 MMBO circa 8.5p a share (Oct 2018 result) Drill TBC - ?? MMBO circa ?,? a share (tbc…will be in Block XX) (Nov 18 result) 2019 Mid case oil strike - 100% owned Red Deer-1 48 MMBO circa 32p a share (May?jun 2019 result) Fox-1 200 MMBO circa 132p a share (May/Jun 2019 result) Of course, thats not taking into account all the other prospects being derisked if they do strike oil…which adds yet more value.

fynne 17 Aug 2018

New heading! … or maybe not ? Some news is possible or just the usual mm’s making a buck?

fynne 16 Aug 2018

New heading! Matd yep going to drift along till September … I live in hope of good results… As for ii new discussion format words escape me … other than fubar ! really annoying that very old threads are showing … most are pretty irrelevant now … and that it’s the last poster who appears against the heading… it’s like your saying it’s a great buy !! 9p was a great buy months ago but think it could drift lower than 8 … matd has potential but personally I’ve lost a lot of faith in the management to achieve that … Jmo

hallowed1_2 15 Aug 2018

Great BUY opportunity at 9.3p So much for my prediction at the time. re buy at 9.3p but I got the ‘opportunity’ bit right ) Anyway, dare I say, but I think this is a solid BUY at 8p level. The SP may dip a bit lower in the absence of current blackout re news flow but the placing shares have more than cleared and so surely a good entry point (but don’t take my word for it, as my average is higher than this). GLA!

oilfarmer 10 Aug 2018

Great BUY opportunity at 9.3p At HotCopper at least you can view by Thread or by Chronology and links to RNS News within the posts… But it has never had the utility of the original iii format that has been binned here … Does any iii wonk check the traffic ?.. Must be affecting your ad revenues by now ? Or am I missing something ? Oilf.

oilfarmer 10 Aug 2018

Great BUY opportunity at 9.3p Bought a bunch ydy at 8.25 but this board is so inactive the heading is already a bit irrelevant… The iii bulletin board used to be the best in the world (I read across BBs in US Canada Australia) Current incarnation of this BB is totally useless and pathetic !! Why change it ? Shortage of Bandwidth? Trying to discourage traffic… Want more sophisticated clientele… I had used the iii BB as a rapid response sounding board for all LSE shares… For Prices and RNS… Really is dire and not worth the visit… Quicker to go to LSE direct or company websites… If no chance of reinstating the old format then its over and out from me !! Oilf.

fynne 11 Jul 2018

Great BUY opportunity at 9.3p So that’s it then … another 70days and a change of rig for testing …sometime around the end of September … With the drilling season so short I think we’ll be lucky with two wells this year … and “maybe” some ? Results?? … not holding my breath Massive own goal by ii … totally destroyed these discussion boards imo

doginafog 26 Jun 2018

Great BUY opportunity at 9.3p So, you read the RNS too. KR dif

neilhutchings61 26 Jun 2018

Great BUY opportunity at 9.3p Finding my way around a bit better but no I don’t like the discussion threads order either… tried a couple of other sites but they’re not much better tbh. Hopefully ii will put things back in the right order soon. As for matd things are finally moving and a date … well almost … but second week in July will do.

hallowed1_2 22 Jun 2018

Great BUY opportunity at 9.3p I can’t access LSE as they have technical issues and don’t like this “updated” BB much as poor navigation when it comes to seeing posts prorate as opposed to by subject matter. Anyway I consider 9.3p a sold hold from here (50% Fib level and at about 200MA) and a great buying opportunity - come end of July we will back up at 12p-13p area. Once we break that, my first target is 16.5p followed by 21p. GLA!

Adelaide 13 Jun 2018

Petro Matad Discussion Page Adelaide: See this evenings RNS at [link] This is actually good news, I think. Funding drills Not pleased that us PI’s do not get the opportunity to buy at 8% below the closing mid price though - opening price will probably drop in the morning In fact I have got my sums wrong: placing is at 22% (I think!) below closing price today. Bracing myself for the fall in the morning