Matra. Phoenix rising!
It’s great to see Matra on a charge. The phoenix is beginning to rise as confidence slowly returns. It’s a no-brainer to those who have stuck with the company. Yes at the moment some of the genuine holders of stock are currently down and showing a paper loss, (Myself included) we could have jumped ship at the bottom but chose to stay with the company those who stayed on board are now seeing the benefits of a stock that has been unjustly mis-represented begin to claw its way upwards.
Lot’s of emails in the bag over the last week on this one. The major concern being as you all know the water problem. From what I can garner on these types of drills in this region it is a common enough problem. I spoke to Matra last week and put some points to them,one being why other companys operating in Orenburg don’t seem to ENCOUNTER WATER. The answer was enlightening. Apparently they do. The difference BEING that most of the companys are operating dozens if not hundreds of wells(TNK-BP) they just do not SEE THE NEED TO REPORT IT. Matra are a small company with two wells so it’s material to the company. When Matra are fully operational with a full field then one well out of lets say fourteen encountering water etc wouldn’t be such a big deal and would have little or no effect on the share-price. There’s no doubt that the company are as we speak arranging finance of some kind to fund A14/Seismic. Delek invested here at 3p which would indicate to me that they see MTA significantly higher on successful drilling. Of course production will come and no doubt OIP will significantly increase. At the moment it’s a waiting game. Make no mistake the Phoenix is rising here. 10p and beyond could easily be hit when A12/13 come back on production with expectation of A14 being a smooth drill due to lessons being learnt.
There are valid questions that investors need to ask their brokers/sources; What price Matra on full field production? What price Matra on 30,40,50,60,70,80 million barrels? This company has the oil and more than likely the OIP figures will at the very least double. It’s not so long ago that Peter Hind was briefing the press that the field contained between 60/80 million barrels. Of course expectation has now been dampened down by Matra mainly due to the technical difficulties with investors pulling their hair-out in frustration at the water! There’ll soon be back over 3p AS EXPECTATION drives the sp. When production comes THEY WILL ROCKET.
Viva!
Dan
GCM? Somethings got to be up
Regards
Steve
3p here we come!! wooop!! Whens the next RNS coming Dan? Its been over a month now this is extremely boring!! thanks for the update, its in the top 10 risers for once, not the top faller LOL
What is so attractive about MTA dan?
I’ve been told they have been trying to sort the water in the well issue on the well from 2008 to present ? All for just 1200bopd?
I say this as you know I’m in mxp who have hit oil 9 times this year on the tiny shallows drills, so far we have had flow rates from just one of these tiny wells at a rate of 650-1200bopd – so am I right in saying one of our 9 discoveries is on par with the whole MTA operation at present ? What are the longer term prospects of MTA ? It can’t just be the 1200 bopd? How does this compare to the over a billion barrels are going after in a few weeks ? I ask simply as a comparison , as MTA seems to be a well loved share on all the boards . Thanks
Cool up 25% in 2 days. One wonders how long until a formal update from the company on the A12 workover. Surely they won’t wait until the fund raising announcement for A14 to give operational updates for either A12 & A13?
1200BOPD – MAX DOES THIS ON ONE OF 9 TINY WELLS, JACKPOT DEEPS TO SOME, DEBT WONT BE A PROBLEM BASED ON CURRENT PRODUCTION, LET ALONE THE REVENUE SHOULD WE CONTINE WITH THE SAME SUCEESS COME 2013
IN 6 MONTHS, IS THERE ANY OTHER OIL COMPANY WITH A BETTER STRIKE RATE OVER THIS PERIOD? WE SHOULD BE OVER 30P IN A NORMAL MARKET, I WONT MENTION DIRTY DES ALMOST DOUBLING IN THE SAME TIME FRAME DESPITE EFFECTIVELY BEING IN ADMIN, OR ROXI JUMPING OVER 100% DESPITE NOT DRILLING UNTIL 2012. I HAVE LOGGED A COMPLAINT WITH THE AIM GOVERNING BODY, AND THEY ARE LOOKING INTO MY CLIAIMS HOPEFULLY THE MANIPULATION WILL STOP WITH THESE DOGS OF A SHARES , ALL HYPE NO SUBSTANCE MAX ARE THE OPPOSITE, NO HYPE OR RISE, JUST PURE SUBSTANCE AND DOING THE BUSINESS DRESS IT UP HOW YOU WANT, ANY NEGATIVE YOU THROW AT MAX, I CAN SHOW YOU ANOTHER SHARE MULTI BAGGING WITH THE SAME PROBLEMS IN THE SAME NEGATIVE MARKET WITH HALF THE POTENTIAL WE HAVE
Dan, dude, you’re coming across as one stressed out mofo, perhaps you should try and get yourself laid…?
Calm yourself about Max, BTW this is a Matra post and accompanying thread.
No matter how loud you shout it, Max won’t go up, until it goes up and there ain’t a thing you can do about it…