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.

Final results out today:

Link to MATD Final Results - 21 June 2011

Plenty of exploration going on but not (yet) translating into profits - thumping great loss so far...

I was in profit with these not so long ago so hope they find something worth getting out of the ground - though not likely to happen before next year...

Cheered me up no end...all it's got to do now is rain for most of the week then i can be really depressed.,.

It's the Longest Day today bb - go out and make some hay while the sun shines :)

Can i come to your place as it's piddling down here..... we'll lie on a sun bed together.,.

hi mistress ..... thought you'd been murdered and were lying rotting in the compost heap

get your own sun bed cynic.,.

I do worry about you cynic, with your nightmares! Hope the tropical sun hasn't scorched your brain :)

thanks T .... i worry about me too

If sp bounces off its current level of 130-ish then hopefully we'll all be able to make hay - otherwise it'll be down the silage pit I fear, and that will be very stinky

all looks pretty ugly to me ..... in particular, i don't like the fact that sp has crashed through 200 dma, re-challenged a couple of times and failed ..... arguable support at current level, but better at 120 - if you insist on throwing money in here

i wonder if BAO is now a better bet as a spiv stock

Have plenty of cider with it Toya then you won't care if it smells a bit.,.

Thanks Balerboy - pour some down for me - feel I'm drowning in that pit... Serves me right for not taking profits when I had them :(

RNS dusters.

oh Dear....back to the drawing board:((

Bit of a bummer that... Still, they did find hydrocarbons elsewhere so it's not a total wipe-out (I tell myself, since I didn't have the sense to sell earlier).

From the RNS:
'Petro Matad CEO, Douglas McGay stated "The absence of hydrocarbons in DT-6 is disappointing, but when taken into the context of the previous five successful wells and the complex nature of the Davsan Tolgoi Prospect, represents a statistically acceptable result.'

hopefully work it's way back to 110 - 120p level

sp falling below 100p

RNS not good news where to now, mitzy can you tell us?

No idea to be honest.

Funny you had lot's of idea's when it was going up