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.

so am i, is it worth a little averaging down??

Bb if you buy ten blocks of 100k I'm sure the sp would rise, perhaps you could use your HFD profits (ouch that hurt). Who knows, my getting in today is maybe a reason to get out. Ha! Ha!
2517

bb

Could be there must be some news soon, im out of funds been av ing on RGM.

Still holding here recovering nicely from the recent lows..

BrokerMan at it again...

Courtesy of a poster on the LSE BB
Brokerman Dan: Buy Matra Petroleum at 1.15p - bet On Barskiy for 2013

It's been an exceptional January 2013 for the Brokerman Daniel website, notably with stunning news from Nostra Terra (LSE:NTOG) my previous free share tip here on onefreesharetip.com So hot-footing across from the USA we change tack to revisit one of my favourite feisty Russian oilers. Yes it's Matra Petroleum. (LSE:MTA) It's taken months & months of knocking on the Matra door but finally it was opened. Persistence can pay off.

No doubt traders will be all over the stock this year but it's as an investment opportunity I write the article.

Having interviewed the Matra CEO, Maxim Barskiy this week I am as convinced as ever that Matra could be destined to be one of the stellar small cap performers this year. I jumped in at the deep end & asked the CEO how he envisaged Matra going forward in 2013 & if he was "committed" to the company? It was refreshing to see how he dealt with the questions. Barskiy exudes confidence and is a skilled orator. I was left in no doubt of his commitment to Matra.

Barskiy is a cool customer who does not get flustered no matter how much you try to rile him. He is assured & confident. His ability to succeed should not be under-estimated. A penny share oil company Matra may well be at this time, but not for long. Make no mistake. Maxim Barskiy is 100% committed to Matra. The ex-heir apparent to the TNK-BP throne now feels that his future is allied to Matra. Remember an important pointer to investment is that Barskiy is the former deputy CEO of TNK-BP, the No3 oil company in Russia. He is a proven winner and as I've said many times re' investment it is the capabilities of management that PI's should first look too before investing. The new Board of Matra is packed with exceptionally gifted individuals.

Barskiy has a plan & he's been busy behind the scenes implementing it, surrounding himself with a proven oil management team. This is exactly what happened at West Siberian Resources where he helped turn the previously struggling group into one of Russia’s most successful independent oil companies, increasing its market capitalisation from less than $100m in 2004 to $3bn by the time it merged to create Alliance Oil in 2008. Of course times change, there are less independent assets in Russia and the tax position can be quite hard on upstream exploration. Opportunities still exist in regions including the Volga-Urals area, where Matra operates while other parts of the Russian Federation still enjoy special tax breaks. Barskiy is quite capable of navigating around Russian Bureaucracy. I'd expect that the Barskiy plan involves investment outside of Russia where profits per barrel can be 3/4 times those in Russia.
Reply | Recommend | Report chna
Posts: 673
Observation
Opinion: Strong Buy
Price: 1.25
part 2Today 08:42Of course Russian oil plays are not without risk – read this tale of woe by my friend Tom Winnifrith on another Russian AIM listed oil play HERE if you are in any doubt. The key ingredient is to have a man at the help who knows how to the play the system and who is heavily invested himself. That is why Matra is a winner.

Funding.

Maxim says that funding for 2013 isn't an issue all is well with the company finances, he has personally invested £4.6 million pounds. Matra is debt free and producing approx 70bopd. With significant upside forecast for 2013.

Seismic News

Seismic interpretation is virtually complete and it can only be a matter of weeks before we get a glimpse of the potential oil in place at Sokolovskoe. (News in Feb') I asked Maxim if he thought the field was capable of producing over 2000bopd. His response was to point me to the neighbouring Mayorskoe Field where production from 3 wells is approx' 3,000 bopd. The field is producing from the same geology as Sokolovskoe. Remember the oil is already there, this isn't a question of finding the oil. It's a question of how quickly the company can proceed to the Full Field Development Plan with improved CPR & increasing production, which should increase the current 15 million barrel reserves into the classification of proven reserves. It's a simple equation, increasing reserves with oil production increases the share price. Production is set to increase in 2013. Proven reserves could double or quadruple. It really is all to play for.

With the implementation of the acquisition led growth strategy with a focus on Emerging Markets and CIS (Commonwealth of Independent States) tied into the development of a balanced portfolio with production, appraisal and exploration potential. There's a lot of news in the pipeline so get ready for a thrilling investment ride. This could be one of the most spectacular performers of 2013.

Get yourself a slice of the Matra pie today; don't delay. At these prices (1.15p) the stock represents fantastic value for small investors. 10p could easily be reached this year. The sky really is the limit here. The shares could just as easily reach 10p as they could 20p! Bet on Barskiy to succeed.

Viva

BrokerMan Dan

Still waiting here news must be on its way soon.

All sells today and the sp remained the same. Not got back in yet but thinking of doing, was waiting for it to drop a little further but am I being greedy? Who knows. GL all who still hold and equally GL to me if and when I decide to take the plunge.

4 June 2013

Matra Petroleum plc Full Year Results and Notice of AGM

Highlights

Operational

· 2D & 3D Seismic survey conducted on the Sokolovskoe field

· Management Prove and Probable (2P) estimate of 13.5 mmbbl

· Production commenced from the A-13 well on the Sokolovskoe field, current average daily rate of 70bopd

Financial

· Cash or cash equivalents of $4 million at year end

· No debt

· Loss per share 0.28 cents (2011: 0.90 cents)

Outlook

· Management reviewing options to maximise the value of the Sokolovskoye field

· Focused on identifying prospects to achieve objective of creating a mid-sized E&P of size and scale

http://www.moneyam.com/action/news/showArticle?id=4607179

11 June 2013 Matra Petroleum plc

Proposed disposal of Arkhangelovskoe Licence

http://www.moneyam.com/action/news/showArticle?id=4611403

Today's presentation / AGM

http://matrapetroleum.com/m/docs/AGM2013.pdf

Shares temporarily suspended. Venturing into the USA. Looks to be embarking on a similar profile to MAGP although higher %age of well output owned.
2517

Thats the end of that then:

On 1st April 2014, Matra announced that it was proposing to cancel the admission of the Company's Ordinary shares to trading on AIM in accordance with Rule 41 of the AIM Rules for Companies.

In order to complete various investment transactions and to comply with the associated rules and regulations, the Matra shares were suspended from trading on AIM on 31st October 2013 (for a maximum period of six months). It was intended that the shares would then be readmitted to trading on AIM following completion of the transactions. However, the Company is now unable to meet the requirements of Rule 7 of the AIM Rules which would apply on Re-admission of the shares. The Company is therefore proposing the Cancellation in order to complete the transactions as a private company.

The Cancellation is subject to shareholder approval at a General Meeting of the Company to be held on 23rd April 2014.

It is expected that the Effective Date of the Cancellation will be 1st May 2014.

You should be aware that as the shares will continue to be suspended up to the date of the Cancellation, you will not be able to sell or otherwise deal in them on AIM.