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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.

cynic - 21 Oct 2010 13:48 - 481 of 667

market has paid no attention and there's minimal volume too

mitzy - 21 Oct 2010 13:51 - 482 of 667

waiting for DT3 to announce drilling results maybe next week then the sp will rocket.

required field - 29 Oct 2010 10:37 - 483 of 667

Haven't much from anybody here....must be close to target depth here.....

mitzy - 31 Oct 2010 21:55 - 484 of 667

Gets a mention in Shares mag under Mongolia page 19.

Balerboy - 01 Nov 2010 08:30 - 485 of 667

Mitz you said DT3 announcment soon on the 21st (483) anything new there??

Proselenes - 01 Nov 2010 11:14 - 486 of 667

Pumping over - dumping in progress.

60p target over the winter months and the cobwebs gather ?

cynic - 01 Nov 2010 11:18 - 487 of 667

silly question .... you get an RNS as below and sp tanks ..... what bit have i missed?

* Significant hydrocarbon shows were encountered while drilling primary objective lower tsagaantsav formation and the overlying Upper Zuunbayan formation. * we consider it important that the well encountered a significant hydrocarbon interval in the overlying Zuunbayan Formation

Proselenes - 01 Nov 2010 11:20 - 488 of 667

It says :

Poor oil charge.

Failure in this location.

Bad weather.

Possible mothball until Spring 2011.


And so, the SP tanks................. 60p target ?

dealerdear - 01 Nov 2010 11:27 - 489 of 667

I thought that was the target of rkh ....

Proselenes - 01 Nov 2010 11:30 - 490 of 667

No, the target of MATD.

A few day traders now doing the dead cat bounce routine, 60p target for MATD for the winter.

cynic - 01 Nov 2010 11:35 - 491 of 667

certainly no good reason to keep holding for now ...... have dumped with nasty loss .... hey ho; can't win them all but at least more than heavily countered by XEL and others

mitzy - 01 Nov 2010 11:57 - 492 of 667

All is not bad they are expecting to drill a 4th well during the Winter.

cynic - 01 Nov 2010 12:11 - 493 of 667

i agree it wasn't all bad, though again i note the management felt obliged to gloss ..... the market does not like disappointment, and again this is a cursed MM-only stock

required field - 01 Nov 2010 14:10 - 494 of 667

Not so good today...amount of reserves still to be assessed....

Proselenes - 02 Nov 2010 11:07 - 495 of 667

Down to 100p now, must be 60p target over the winter.

cynic - 02 Nov 2010 16:45 - 496 of 667

very happy that i obeyed the discipline and dumped mine yesterday

required field - 02 Nov 2010 16:46 - 497 of 667

Me too....we shall be back no doubt....

TheFrenchConnection - 02 Nov 2010 18:32 - 498 of 667

no doubt you will RF but wait a good while asl have a rather large short on this so obviously delighted with recent outcome .

mitzy - 02 Nov 2010 19:49 - 499 of 667

Careful now.

Balerboy - 02 Nov 2010 22:34 - 500 of 667

I sold 3/4 with profit, so rest can have a free run for now.
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