Has any one noticed this this morning a lot of buying with just one sell Ttrade,any one think this could be a good punt,advice please before its too late.thanks.

Bought into MTA today on the dip.

Matra Petroleum mobilises rig for well-12
StockMarketWire.com
Matra Petroleum says that a rig has been contracted to undertake side-tracking operations on well-12 and mobilisation to the site has begun.

Remedial cementing operations have now been completed on well-13. After a short flow period to ascertain if the water has been successfully isolated, the well will be shut-in while surface production equipment is installed before restarting production.

MD Peter Hind adds: "The remedial cementing on well-13 appears to have gone well. We will know if we have successfully isolated the water zone once production is started.

"We are pleased to be starting work on the well -12 side-track which will be supervised by Fosco, a highly experienced Russian contractor."

Operational Update

http://moneyam.uk-wire.com/cgi-bin/articles/201012140700068658X.html

RNS.

I think it's worth a YES!!! as well

Yes...!

Looking good, just need some Oil Now

Nice steady rise, I topped up this morning.

News overdue should be this week. This will double if its good.

ON THE ROAD TO PRODUCTION

http://www.matrapetroleum.com/docvault/Matra%20Petroleum%2011.01.11.pdf

slipping the wrong way at the moment......fingers crossed for some positive news soon

watcher
investor tom bought some.

http://www.investortom.com/?p=75

Watch that man.

Hows it going mitzy havent seen you across the road for a while. All the best GF.

Something a stirring me thinks.

Hi gf..


dont post much these days..

24% up news coming. Good or Bad it's coming.

wow thats just great news of recommencement of drilling..?

mitzy

Point taken no new is good news.

venturing up into 4p's again, hope it holds.,.

Brokermandaniels' Blog

1000 BOPD in 10 days!
Theres no pleasing some folk!

Matras latest epistle (foretold here) landed this morning confirming what we here generally predicted last week. The A13 problems have been RESOLVED yes thats great news and the share-price spiked to 4.20p then began a gentle decline after day-traders NOT investors began closing their positions. The water zone has been successfully isolated and only OIL IS NOW FLOWING! Yes youve read that correctly OIL IS NOW FLOWING and what some are missing is this: The percentage of oil recovered from A13 can only increase as will Matras share-price. Pressure data should confirm a higher rate of oil flow probably in excess of 200 bopd

The A12 update should be seen in a very positive light. Drilling is known to be well advanced here and news should be with us in the next 10 days or so. The weather has caused some delays but investors should remember that All equipment needed to progress the A12 is ON SITE and in full use as YOU read this post. The A12 drill is at an advanced stage and it is drilling into a virgin oil reservoir. From what I can gather Matra is determined come hell or high water to get the production oil flowing at 1000 bopd but I suspect that the 1000 bopd will be much improved upon once the production begins. This will significantly enhance the companys value.

Its never easy investing in small oil companys for future growth but one should always try to invest in those that are generally debt free, well-funded, good assets or asset potential with (whenever possible) proven oil in place and a genuine set of chaps running the company. Matra are all of the above. This Board are as honest as the day is long. Hodgson is an extremely polite and highly regarded geologist within the oil exploration community and Hind is a dedicated oil-man with a proven track-record of astute deal-making through-out his career. I like Matra and needless to say I believe in the company. Matras sp since they were first high-lighted by the Blog has more than doubled. This trend looks set to continue as Matra fight the good fight and bring value back to their core investor base. They are on the up.

1/ A13 water ingress solved.

2/ Full Production Licence granted.

We now await the third piece of news that will establish Matra as a fully producing oil company with all the benefits that brings to the company/investors.

3/ A12 side-track about to completed with flow rates of approx 1000 bopd

I get a lot flak via email for never giving out buy or sell recs. So Im going to break a rule just once and I dont do this lightly.

Investors moaned about the lack of a production Licence its now in place! Investors moaned and jeered about A13 problems theyve now been resolved.

Investors are still moaning about A12 its about 10 days away from successful confirmation.

Matra Petroleum are a GLARING BUY! It is staring investors in the face and most cant see the wood for the trees.

Gone for Lunch.