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.

Obviously a lot were not impressed with the AGM. Maybe they are not happy that they are not going to spud A14 until 2013 or that the markets are currently paralysed the latter not being any surprise to anyone. We shall have to wait and see what else he has up his sleeve.

Pardon my ignorance driver but who are the WSR management team? I have tried to research it but ain't getting anywhere. Perhaps I should stick to household chores!

stick with it 3m you have to learn from your mistakes and get a feel for what might be. I started just like you 8 yrs ago, lost a bit gained abit more thank goodness and still here. Still making bad calls but not so big and not so many.,.

3M

Barskiy’s background isn’t as some would have you believe just ”investment banking”. In 2004 he became managing director of West Siberian Resources. The group merged with Alliance Oil and its market capitalisation grew from less than US$100 million to US$3 billion.

http://brokermandaniel.com/2012/04/12/maxim-barskiy-the-peter-hind-master-stroke/

International expansion strategy 14 6 2012

Acquire 2P reserves
Operate and improve assets
Expand via acquisition of licenses
Pursue exploration opportunities
Act as consolidator
Emerging Markets with focus on Latin America and CIS
Existing production or already discovered but non-producing O&G fields
Onshore assets
Potential exploration upside
Management team brings complementary skill-sets of international O&G operations
International track record in value creation
–West Siberian Resources (Timan – Pechora)
–TNK-BP (Vietnam, Venezuela, Brazil)

http://www.matrapetroleum.com/docvault/Matra%20AGM%2014%20June%202012.pdf

balerboy
Thanks for your words of encouragement - I am sure that the team whoever they are now on MTA are in this for only one reason - just get so fed up like everyone else when too many bad calls are made. Up to 4 years ago this used to be fun to me, now it is a serious head ache. However that is nobodys problem only my own. May we all be rewarded for our persistance one day soon. GL

Result of annual general meeting

http://www.moneyam.com/action/news/showArticle?id=4388946

To my simple mind, none of the above are likely to move the sp north till they start another drilling program next year and have a decent strike, or am I not seeing the full picture? .,.

Thanks driver that has cheered me up no end, can go to bed tonight and tell myself to have patience. Cheers for putting me in the picture.

Hadn't read the agm rns before I posted the above mmmm!!

A drastic drop today have you any idea what is going on anybody?

I have sold so watch them go back up. GL to anyone else holding.

3M like the majority of these oil minnows you do have to have an abundance of patience. I'm not in these and know no reason for their drop, but it is a down day in the wider market anyway.
2517

Cheers 2517, I have sold because I wanted to make a profit, if it drops more I might get back in - too many selling for my liking and have more than doubled my money so that makes a huge change for me.

That's good news, had you held them very long?
2517

No only about 3 months and I gave 0.90 for them, should have got out when they went to 3.70 and I would have trebled my stake but hey ho! I didn't so have to be happy with what I have got today. I got cold feet watching them drop, as I said they will probably go up now.

There will probably be some breaking news and it will fly now I've gone.

3m
Bye Bye

You never know driver, I may be back.

Turned out to be a good time for you to sell 3M, these have dropped significantly on no news.
2517