Hi Sageman, I was in Thor before the big rise, I posted it on the amc board when PJ was loading up.Sold out a while back at 2.85 after it had risen around 250% but I agree that it could rise much further. I see Thor have news out this morning and it's on the up.
Hi Schac not sure if you saw the announcement on Friday at Thor mining. They have presentations this week on Wednesday and Thursday but looks like game changing news has happened which the market has yet to really pick up on mainly because the market cap is only 21m , so no broker coverage. As you gave me Petro I have now given you Thor and GFM. Lots to research but worth it.
N2M,I don't doubt Frr have some good potential but Petro Matad are targeting much bigger pay dirt than Frr. Matad's basins contain up to 90 Billion barrels and Wild Horse is real frontier exploration and could significantly exceed the targeted 300million barrels. It is the 'mind-blowing' (analysts words) potential upside here that will draw the speculators in and make this the most exciting oil share for 2018.
may be in the process of properly waking up here .. and this week and indeed rest of March generally should be very interesting here.. but calm down already is perhaps useful advice too .. not least if there are any bedwetters in our ranks :-)
I should of added to my post on 23rd Feb that the 370m float (what's left after large holders) is likely to be even harder to fight over as holders become long term holders and the penny flipper traders exit.
The last few weeks will have seen plenty of 7p/8p and 9p entry traders selling out in the 11p range.
Market markers playing a blinder on this one. A potential 20p to 30p stock in the making (near term) and they are washing out the penny traders at 11p/12p and now 13p.
Stock is in short supply so any long term holders that want to turn the screw a little should put their stock up for sale at say 35p which in theory places added pressure on the brokers to ensure they have the stock accounted for and play by the rules! Of course, you can place the stock for sale at a higher price if you feel safer. I doubt 35p will be on the bid anytime in the next month but you never know with very low float stocks.
Don't let the brokers 'pool' or borrow your shares. It's how the system gets abused. The arrival of MiFID II should certainly make a difference too.
No advice given etc - DYOH and make your own decisions.
Frr will very likely drill more than 4 wells in 2018 schach btw..especially if you count gas wells as well as oil wells..... it is currently fully independent as so all upside is also its own... generally, it and interesting share too imho.. especially in coming months.. but it is currently a lot higher versus previous lows than Matd currenty is.. so by bagger potential then matd may well be considerably more exciting granted...
I expect a steady rise towards spud date which could be from late april onwards, 3d seismic results due and possible farmout news, 4 drills fully funded with a couple of drill very high cos. This is the one to be involved with at the minute boooommmmmmm!!!!!!!!!
We can see that Matad did a placing at 14p in December 2009 before their last drilling campaign in Mongolia and the rise to Spud in June 2010 peaked around 55p, some 300% higher than the placing share price.A similar rise for this drilling campaign would take us somewhere around 20p.But research and technology has improved since then-so the cos(chance of success) will be higher and I would not be surprised to see the share price significantly higher than 20p come spud.One only has to look at the market values of Ukog (£300million) and 88e (£250 million) at the height of their speculation last year to see what valuations the market can put on oil companies with company making potential,so make no mistake,Petro Matad will be the speculators No1 choice in 2018,no other small oil explorer on the london stock exchange is drilling 4 wells,let alone 4 wells with 100% ownership.
Yes N2M, I agree, shareholders can expect a further rise north in March.
Seismic results,drilling permits & possible rig mobilization (could land anytime) should all have a positive effect on the sp.The Matadors have advanced around 60% over the last month,inspite of shares still being flipped,so as the flipping draws nearer to it's end and the 300million barrel Wild Horse drill draws ever nearer,shareholders can expect sharper rises.
But there is still 3months to spud,so plenty of time for investors to pile in for a profitable ride on the Matad Express.
En-route to Ulaanbaatar, the Express will stop off to pick the drilling permits up, announce the seismic results, mobilize the rig & announce the drilling date for the 300million barrel Wild Horse well.At each stop, more Matadors will board the express and by the time the Express arrives at Wild Horse for the inaugural Big Drill, shareholders pockets will be brimming with profit.
Note:Petro Matad are presenting at an Oil Conference next Wednesday, so we may see a few more investors boarding the Express.Plus we could get news on various fronts any time now.
This is, without doubt, the most exciting oil share for 2018.
''Looks as though the company is needing to try to prop up the price at the mo.
Market doesn't like delays.
How's it hanging on the sidelines as we approach news on many fronts, seismic results, possible farm out, rig mob late q1(anytime now as the rig is ready and certified), spudding of a company maker fully funded anytime from April onwards.
You still confident of 8p???????
Rig mobilisation end of the month with spudding scheduled for Q2 that be april may or june, farm in could arrive at anytime and the results are due soon, remember the seismics were carried out to be better placed regarding attracting a farm in.
- Processing of the 2D and 3D seismic surveys acquired in Blocks IV and V respectively is ongoing. Data quality is very good and the work is progressing on schedule with final processed products expected by the end of Q1 2018
from feb presentation.
-Mobilisation scheduled for late 1Q 2018
▪ First well planned to spud in 2Q 2018
Good article Schach. Changing the subject though in chess it is wise not to tell your opponent your next move ! Markets typically buy the rumour and sell the fact or sell the rumour and buy the fact. Buying low and selling in to spikes works very nicely but is difficult if everyone is playing the same game. It is why I also like to have companies in my portfolio that are undervalued with strong cash flow. They will spike up on news but where the sp trend is also up the game is less risky and hence you can invest more. For this reason I have restricted myself to my current 650,000 holding but I look forward to an interesting ride. GFM and AAZ have strong cash flow but AAZ has no liquidity so it is taking time to build a worthwhile holding
You're here simply because you're after a cheaper entry, you're forgetting whilst being fully funded and awaiting 3d seismic results, not only are we in a great position financially to go at it on our own, but also the ball is firmly in our court for negotiating a better farm in deal as the oil industry looks to increase oil reserves which of course could come at anytime. If you want to gamble on waiting for a better entry you crack on bud but don't surprised to get caught out, I hope you do get a cheaper entry as I have spare funds just in case.
Noloss, then with all due respect , you Sir,are unfamiliar with what happens to a small oil explorer when they go drilling.If you research oil minnows pre-spud, you will see that most, if not all, oil minnows rise pre-spud - even though they only usually drill one well and have a 10/20% ownership like Jog & Char.
Now this Supercharged Beast is drilling not 1 or 2 wells..but 4 wells in one season and unbelievably, they have retained 100% ownership - whilst being fully funded for the 4 well drilling campaign.This is indeed a unique and very special situation for Petro Matad to be in and thats why its going to be the most exciting oil share on the london stock exchange in 2018.
PDYOR Noloss... but do come back in April/May and say.. "Wow", as you see the much higher share price ...The Wily Old Chessmaster was indeed right about Petro Matad's rise to Spud
Yes Noloss, on average, they can expect to strike oil in 1 of the 4 wells they are to drill.
Of course, they may also strike oil in all 4 or none, but the insurance policy of being able to 'derisk' after the rise to spud, (which began at 6.9p), grants investors a safety cushion against the unlikely event of all 4 being dry.
The 1st well they are drilling is targeting 290million barrels and would be a company maker, if successful.
But there's plenty to boost the share price before spud, Seismics, Rig mobilization & Drilling dates will all help to light the fuse here in one of the worlds last great unexplored oil exploration frontiers - that's estimated to contains 90 Billion Barrels of oil in 6 Basins !
Noloss, please read the informative 'Pheonix is Rising 'article kindly posted below by luckyman and you will see the writer state that over the 4 drills there is an 85% chance of striking oil at some stage of the drilling campaign.
Yes, of course it's still high risk,as is all oil exploration,but after the rise to spud, investors will be presented with the option to derisk (take some profits) and be thus free carried for the drills, should they so wish.
An Excellent detailed overview for new & existing investors and with an 85% chance of striking oil at some stage of the drilling campaign, it's fair to say that the odds are stacked in the private investors favour, especially at these prices.
The Rise to Spud is still in its infancy and investors will see this well over 20p before the drill bit hits the ground.
Portfolios contain numerous holdings. I have a very big chunk of commercial property which is designed to give 8% and be safe. I have out and out gambles like Petro Matad, AMC, 88e, and AAZ. I have trading cash, I have trackers in Japan, Emerging markets and Europe. Then I have other stocks like GFM which Have the potential still to treble and are backed by solid earnings and visible fundamentals.
Nice buy after close like Hub has stated not to much free float around am expecting 15p this week if not more, like the fact that they own 100% of the drills this time so the rise should go higher than 30p last time around
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