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Petro Matad oil explorer in Mongolia (MATD)     

mitzy - 02 Dec 2009 17:35

Chart.aspx?Provider=EODIntra&Code=MATD&S

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.

Balerboy - 08 Nov 2010 16:25 - 531 of 667

RIG contracted winter drill to start as soon as possible........sp up 125p

mitzy - 09 Nov 2010 07:51 - 532 of 667

another 3p added today.

Balerboy - 16 Nov 2010 08:21 - 533 of 667

Spudding of DT-4

Petro Matad (AIM:MATD) is pleased to announce that the Davsan Tolgoi-4 ("DT-4") exploration well was spudded at 00:00hrs (midnight) Mongolian time on 15 November 2010 (16:00 hours on 15 November 2010, GMT).

The DT-4 well is being drilled vertically to an estimated target depth of approximately 2,020 metres. The well is being drilled by the Company's contractor, DQE International. A further announcement will be made once drilling is completed, or as appropriate. This well will test a four-way fold closure that is part of a fault block prospect named Davsan Tolgoi West. DT-4 is 3.4kms west of DT-1.

mitzy - 16 Nov 2010 09:09 - 534 of 667

So 2000metres depth should take us to about the week before xmas.

Balerboy - 16 Nov 2010 09:11 - 535 of 667

That'll be a nice pressy.,.

mitzy - 16 Nov 2010 09:14 - 536 of 667

Depends on the weather of course its getting cold out there.

cynic - 16 Nov 2010 09:48 - 537 of 667

market is underwhelmed

mitzy - 16 Nov 2010 12:18 - 538 of 667

It proves they call drill in temperatures of minus 16*.

cynic - 16 Nov 2010 13:16 - 539 of 667

and it proves also that the market really doesn't care!

Balerboy - 16 Nov 2010 13:22 - 540 of 667

spoil sport!!

cynic - 16 Nov 2010 13:23 - 541 of 667

quite so, though Pros has stronger words for me!

mitzy - 16 Nov 2010 15:56 - 542 of 667

The market is a bit of a joke.

2517GEORGE - 16 Nov 2010 16:00 - 543 of 667

With all that red around I don't think many bulls will be laughing mitzy, still BPC (atm) doing ok. By the way you can have mine for 1, special BOGOF offer ha!ha!
2517

mitzy - 16 Nov 2010 16:17 - 544 of 667

Yes George Bpc doing good and worth 100p in my opinion .

required field - 16 Nov 2010 16:17 - 545 of 667

In Canada they drill in atrocious conditions...(tough guys these riggers).....I can recall a rigger friend of mine that said that they can throw a rope and it is so iced up that it can be just like an iron bar....so nothing stops the drilling except temperatures below - 30C......not in at the mo....but may consider...

mitzy - 16 Nov 2010 16:20 - 546 of 667

They get my admiration working in those conditions.

required field - 16 Nov 2010 16:21 - 547 of 667

Me too...well paid and they deserve every penny...

Proselenes - 03 Dec 2010 12:40 - 548 of 667

Shutdown again, RNS out.

mitzy - 03 Dec 2010 13:02 - 549 of 667

Doug had said they would reach TD around the 15th Dec weather permitting.

Balerboy - 03 Dec 2010 13:21 - 550 of 667

glad i took my profit and ran......look again next march
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