Latest Proactive Investors report..http://www.proactiveinvestors.co.uk/companies/news/10809/petro-matad-exploring-for-oil-on-chinas-doorstep-10809.html

Currently 14p to buy.

falling profit taking before the weekend?

that's my guess .... i don't see a lot of downside ... do you?

shouldn't be rather like RKH await flow test.

but like RKH, they have actually found oil
btw, i note MMs are widening the spread significantly to cut off anyone trading before the close - not cricket!

Could be a follow on on monday for the sp as the rns was only this afternoon friday.....and also time to digest this excellent drilling result....like you say where is the downside ?..., I can only see positives and more good news to come with the sp going for the moment perhaps as far as the upper 180's this summer perhaps further if the next spud is good...

rf how much oil have they found?

They don't say, but as far as I can understand all this : there is oil right across their block it would seem with very good pay in the intervals....it would be nice if some of the Falkland bloggers came on here and gave their views as they seem to have a very good understanding of it all,.....I'm just guessing but it would seem several hundred million barrels perhaps, but that is only a guess.

so shareholders are being kept in the dark as usual.

There will be plenty more news this summer....the city have marked this up so we shall have to wait...but at the moment it should be a bit like RKH with a rns every few days.....

yes but shareholders need hard facts not enthusiastic speculation.

True but the fact remains that they have discovered good oil....

What ?....no comments on here...just logged on hoping to find a page full....

Yes I expect 215p next week rf.

That would be nice.....bit of a pullback this morning so far.....might bring in buyers....

Boy !, is this volatile or what !?....you never know what it's going to do next ?.....could go another 50p Mitzy...it's possible....

this is the problem with MM stocks - the market is too easy to be fixed

This was down by 13p at one time ?...with the overall market rocketing.....if they strike lucky with next well then who knows ?...perhaps as high as Mitzy's 215p....

Morning all down 8p today 160p is the resistance and 130p support.

The support should 130p fail is 118p I reckon it will hold myself.

I'm expecting a good week ahead.