Company Web site : http://www.petromatadgroup.com/

Twitter : https://twitter.com/Petro_Matad/

Petro Matad is a group focused on oil exploration, as well as potential future development and production in Mongolia. The Group’s assets consist of Production Sharing Contracts (PSCs) over the following exploration blocks:

Matad Block XX, with an area of 10,340km2 in the far eastern part of Mongolia near the Chinese border

Bogd Block IV and Ongi Block V, adjacent to each other in west central Mongolia totalling approximately 50,000km2


Edison Research Note July 2018 : https://nofile.io/f/j90GYESdoet/MATD.pdf

March 2018 video presentation : HTTPS://www.youtube.com/watch?v=oL9rbvLAjn4

Interview with CEO July 2018 : HTTPS://www.youtube.com/watch?v=ra79wR0_jS0





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Looks like they have joined Twitter too, finally.

https://twitter.com/Petro_Matad

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Wild Horse is spudded.

https://www.investegate.co.uk/petro-matad-ltd--matd-/rns/spud-of-the-wild-horse-1-exploration-well/201810230708078606E/

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Excellent timing for the rise yesterday..........as we know from Snow Leopard-1, on day 39 just as they entered the upper secondary target and got C1 to C5 gas shows.......big volume day.

And now, just as they should be entering the upper of the 3 targets (largest at the bottom), we get some good buying coming in.

So, looking good......nothing is certain, but looking good. Need to see sustained buying and a rising price, with lots of fall backs as people sell for a quick profit, followed by more buying.........repeat and repeat.

Weather has been excellent really.

https://www.accuweather.com/en/mn/bayansayr/241957/november-weather/241957?monyr=11/1/2018


This coming week they should enter the Main Target Zone, if not already. Fingers crossed something good happens, but as always, be prepared for the duster, its the most likely outcome.

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Wild Horse-1 is a duster as per todays RNS.

Got to wait for the drills in 2019 now (all of which are fully funded based on the current plans for 4 drills.


If you take the content of the RNS it looks like :

Next up will be the three low cost Block XX drills. These are all in effect appraisal and have very high chance of success. Each and every one of them is worth more than the current share price.

Drill these three first seems to be the plan, then I think a fund raising at a much higher price.

Fund raising will be for drilling in Block V where they now have (based on the SL-1 drill and latest seismic) three very large 4 way dip prospects. The fund raising will therefore pave the way for a 2 or 3 well drill campaign in Block 5. This is when the rig will drill Fox-1 and then one or two other new prospects they are working on.

So thats how I see it panning out.

1st Drill Block XX (already funded - no need for fund raise)
2nd Drill Block XX (already funded - no need for fund raise)
Fund raising based on success in Block XX and new leads.
3rd Drill Block XX (already funded - no need for fund raise)
1st Drill Block V (Fox-1) (already funded - no need for fund raise)
2nd Drill Block V (new prospect in the south of the license) Fund raise required.
3rd Drill Block V (new prospect in the south of the license) Fund raise required.