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.

Its going ballistic now rf possibly 200p in the next 24 hours.

Approx 200m to TD and no oil shows?

Thats strange.

News this week apparently.

New high today.

Good chance of 200p penetration.

I love it when you talk dirty mitz.,.

lol..next week.

Funnily...I sold 50% of my holding for a free ride.....I've just read that EK has sold some as well....it is high and difficult to guess whether this current well be a success....

I think he should have waited another 6 months but gl to him a profit is a profit.

Mongolia will be the bext performing market in the next 5 years.

Good chance of 200p plus this week.

Half yearly report out.

sell sell sell......is that right mitzy

I'm holding for the next drill results at least.

From the 21st sept rns:

Analysis of 2D seismic and laboratory test results from samples taken at DT-1



As previously announced, samples from Petro Matad's DT-1 well were forwarded to Weatherford International's laboratories in the United States for reservoir and oil characterisation. This work is still ongoing and results are expected to be announced in the next 3 to 4 weeks.

Should be hearing something soon I hope.,.

possibly, but banked my profit here this morning (at 177) as for me this is very much a trading (spiv!) share

dropping like a stone where is the bottom.

Forced out as well......made a lot on this.....will return later.....sp is quite high...that's the problem !.

i wasn't forced out, but this is always likely to be very volatile as MM only

Could easily slump back to 140p.......so took my final profit.....I fear that this will come back down ....a bit.....

Plenty of talk of a RNS this week which be behind the fall today as MM's shake out weak holders..I believe it will be Friday.