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.

sub 1p now.

Down 50% to .5p incredible to think they were 11p a year back.

Any holders see the write up on mta in shares.NOT GOOD

A gamble @0.33p.

Made profit on these yesterday and seems to climbimg again on no news???? So am back in, hello.

..

7 mil vol, 38% climb so far.

Rising 10% a day cant be a bid..?

I reckon 4p next week maybe.

I got n these on tues @2.75.so hope you are right with 4p for now mitzy.
Another rift?,maybee.GKP,in my dreams.

Another Rift ..?

I got in at the same price Capetown hope for 100% return here hold GKP and SEY all got a chance of 1 bagging.
From a tecnical view its a defin buy.

I got in sey recently,under2p and sold thurs,used profit to buy these,also OXS though very risky looking good,up 40% on fri.
Back to MTA,another rift will be awsome.

See the 2mill trades see the big volume this am.

Mitzy: What's going on with this one?

Another 1 mill gone through @3p..

Could be spudding news to be announced soon grevis.

Up 30% now and no end to buying.

Found this posted on another BB today:

I haven't a crystal ball but I do know that considering the potential here a Mkt Cap of 21m (996m shares) is cheap whether the sp goes up or down on monday. MTA have an oil field but we don't know how much it contains. A-13 will answer that question. A-13 and A-12 could be producing over 2000 bopd between them early in the New Year. Here's to success!! I'll drink to that.

Probably news on granting of A-12 production licence jollyes man. Dont forget MATRA have an oil field (SOKO). The reservoir has good porosity and the oil is light and of a high quality (37-38 degree). Its almost certain that MATRA have at least 19m bbls of recoverable oil. It could be as high as 194m bbls but more likely is 65m bbls. The crestal well, A-13 will confirm what SOKO contains. But dont forget this is from one formation only, the Apnonenski, since A-12 was drilled on the flank of the field. There are 4 other hirizons to test!! Even after todays rise MATRA is still only capitalised at 20m. Its a snip, IMHO. But DYOR.

Kay, unfortunately you don't get many posts on this bb. A bb on another site is much more popular. I'm hoping for an sp of at least 5p (50m Mkt Cap) prior to A-13 results and hopefully higher. I wouldn't like to guess on the sp after spud RNS but I expect it to be higher than 2p. There is the possibility of news before the spud RNS. The company is expecting news on the production licence issue soon for A-12. The company can then start on its work over. Hopefully production from A-12 (evidently MTA expect to be producing from A-12 before A-13 results announced) will give a boost to the sp.
JRz, I'm no ramper I can assure you!! MTA have stated that the best estimate (using deterministic and probabilistic methods) of the recoverable oil contained in the Aphonenski formation, alone, is 65m bbls of "sweet", light oil. They know this oil is in the Aphonenski layer because they have already drilled a well into it. A-12 was drilled on the edge of the Aphonenski layer in late 2007. A-13 will test the crest. Estimates of recoverable oil in the Aphonenski layer of the SOKO field are, LOW 15m bbls, BEST 65m bbls and HIGH 194m bbls. There are 4 more layers to test, apart from the Aphonenski, with A-13. Using the best estimate as a guide and a conservative value of US$2 per bbl in the ground I value that 65m bbls at a minimum of US$130m or 80m. After the placing MTA has 996m shares in issue. So a 80 Mkt Cap equates to 8p per share. We will get closer to that value as MTA progress with the drill which hopefully will spud in a month or so.
EURODOLAR, MXP has a lot less shares in issue than MTA but it has an awful lot of debt whereas MTA has NO debt. MXP has more blue sky potential but I think MTA is a safer bet, though both are gambles. Lets not forget that.

Well Jimog it can't be a duster since we know the Aphonenski formation of the SOKO field contains oil. A-12 found oil in the Aphonenski on 6/11/07. It tested at 960 bopd. It produced under temporary licence for a number of months but only at around 100-200 bopd. A work over and acidisation improved matters but water ingress caused problems. Unfortunately A-12 was drilled right on the edge of the Aphonenski. The water ingress was caused by either the fact it was on the edge and was at the OWC zone or the water came from the Lower Aphonenski layer. MTA propose another work over of A-12 to stop the water ingress. From the results of A-12 and enhanced seismic they aim to drill the crest of Soko with A-13. There are 4 other prospective layers (3 shallower that contain oil in neighbouring fields) missed by A-12 that could contain oil BUT the Aphonenski definitely does, because A-12 found it!! The problem is how much? The best estimate is 65m bbls of recoverable, sweet, oil from the Aphonenski alone but we wont know how much oil is there until A-13 drill is completed. The net pay at A-12 was only 4-7 metres, less than expected because it was drilled on the edge of the field and not the crest as they thought. I imagine, though I'm only guessing, that the low estimate of only 19m bbls is if the net pay is still only 4-7 metres at the crest. I'm hoping that with at least the best estimate of 65m bbls from the Aphonenski plus a contribution from some of the other layers (Franski etc) MTA might be able to announce a reserve of 100m bbls of recoverable sweet oil. I think its 99% certain Jimog that A-13 will not be a duster!!

Who would have thought a 10 bagger in the last 6 months.. and there isc t

Buyers back .