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.

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

are we going down to 20p?

quite possibly - this is a serious set back - i think 30p more realistic
the other problem is that quite soon the cold weather will be back - if they dont find something commercial from next weeks spud..................................................

mitzy any hope of a recovery in their sp?

I think we have reached the low.

We need some good news otherwise 30p next stop.

Plenty of support today I think.

RNS not very stimulating sp down to 37p.

busted flush like so many micro-minnow e&p companies .... stay for the ride and enjoy it while it lasts but never forget to get off

mitzy this was one of your favourites...any thoughts as it heads towards 30p?

I'm 95% in cash at the moment waiting for some bargains.

mitzy so you are no longer ramping this one?

I am not a holder.

as I said 95% cash waiting on the side-lines.