MATRA! What is the Matra?

Matra soon to fly?

Who would want to be an oil executive at Matra Petroleum at the moment?

The wailing and gnashing of teeth currently doing the rounds over the latest RNS is laughable! Yes laughable.  Laughable because it’s fuelled by day-traders having been caught yet again with their pants down. Investing in any AIM junior oiler is fraught with difficulty at the best of times.

Day-trading is not investing. This blog is all about investing and when one invests in any company they should do so for the right reasons. Trying to second guess an sp second by second jumping in and out 2/3 times during any given day is not for the faint hearted and usually results in a condition known as subjective internet rage. Whereby the trader screams at the computer blaming each and everyone else for their day trade failure.

The latest company epistle although mildly irritating is nothing more in a long line of delays and hiccups associated with junior oil exploration.

People reading anything other than this are completely wrong.

Matra have just released a very upbeat CPR  and are almost certain to double their 15.1 million oil figure with huge swathes of the Matra block as yet un mapped. Yes we know it’s a bit of a pisser that the rig had to be pulled but when TNK/BP want their rig then there’s nothing that the board can do about it. TNK/BP are a major player in the Orenburg region with a daily out-put of over 360,000 bopd

Today’s RNS although slightly disappointing is nothing more than a delay of a few weeks on the A12 side-track. It doesn’t matter and it shouldn’t matter to genuine investors there’s no doubt that Matra holders have been through the mill as of late but stick with your reasons for investing and do not be swayed by the mob posting utter rubbish

I’ve just spoken to the company and passed on concerns and I am fully happy with their explanation.

A13 work has been completed and they are now running production test-logging the acidization looks to have been a success and I think it’s safe to say that Matra will be able to increase production on A13 of course this is only one opinion among the many out there.

I’ve, as stated in yesterday’s post, spoken to the Orenburg Chamber and am quietly confident that the license issue mooted by some is just a red-herring born of  self flagellation demon creating idle minds of the few.

We’ve also upped Matra to full Brokermandaniel Favoured status. (And I haven’t done that lightly)

Understand your reasons for investing which should be based on the fundamentals and prospects of the company and not for a quick Dollar on a day-trade.

There’s 10 days to go here before they release the A13 update and my inclination is to give this company some breathing space and let them get on with the job.

There are good gains here, They have the oil in place, A13 is progressing very well, The License should be resolved before the end of the year and the A12 side-track has a delay on it. Good news on any one of the three will substantially increase your investment here.

Hola!

Daniel

PS Lets see what the sp is @ Xmas?