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matra (MTA)     

ateeq180 - 21 Apr 2006 11:06

Has any one noticed this this morning a lot of buying with just one sell Ttrade,any one think this could be a good punt,advice please before its too late.thanks.

driver - 04 May 2012 18:17 - 321 of 436


It will get there in the End, I think that a song.

Balerboy - 08 May 2012 08:12 - 322 of 436

wish I'd bought somemore at 1.98p nice start over 3p today.,.

3 monkies - 08 May 2012 09:21 - 323 of 436

Dropped slightly wonder what the meeting will bring?

driver - 08 May 2012 14:42 - 324 of 436


The meeting will bring a rise in the sp I hope, I’m sure there are investors waiting for the endorsement of Maxim Barsky tomorrow before getting on board that will under right the share price before the oil starts flowing or any acquisition targets he has in mind. Still plenty to come here exciting times ahead.

3 monkies - 08 May 2012 14:59 - 325 of 436

I do hope so driver and that I am not being too greedy by hanging on but it sounds promising. GL to us all I think we deserve it.

driver - 08 May 2012 15:16 - 326 of 436


We always deserve it.

3 monkies - 08 May 2012 15:20 - 327 of 436

I know but it doesn't happen very often, not for me anyway!!

driver - 08 May 2012 17:15 - 328 of 436

You got loads of money.

dreamcatcher - 08 May 2012 17:17 - 329 of 436

Can I pinch that lol

3 monkies - 08 May 2012 17:29 - 330 of 436

Such a shame my bank manager doesn't think I've loads of money and I haven't seen any growing out of any of my orifices well not the last time I looked lol!!!! The money tree in the garden got frost bite a few years ago, it was called Share Dealing HAHAHA!!!

3 monkies - 08 May 2012 17:29 - 331 of 436

Such a shame my bank manager doesn't think I've loads of money and I haven't seen any growing out of any of my orifices well not the last time I looked lol!!!! The money tree in the garden got frost bite a few years ago, it was called Share Dealing HAHAHA!!!

driver - 08 May 2012 18:14 - 332 of 436


Pinch what ever you want.

dreamcatcher - 08 May 2012 18:16 - 333 of 436

oh ok :-)) you will set up rumours.

3 monkies - 08 May 2012 18:23 - 334 of 436

Oh! Dear at least you are keeping me going. Thank You.

3 monkies - 09 May 2012 13:52 - 335 of 436

Wonder if the results of the meeting published this afternoon will make a difference?

driver - 09 May 2012 17:17 - 336 of 436

Only three blues on my watch list out of 200 not a good day for any news.

All we needed to here today is below that’s good enough for me that means MB is now on board sit back and enjoy the ride.

Results of EGM

The Board of Matra Petroleum is pleased to announce that the resolutions proposed at the Company's Extraordinary General Meeting held today were duly passed by shareholders.

3 monkies - 09 May 2012 17:27 - 337 of 436

I hope it is a good ride - suppose things may fluctuate until after the 16th May.

driver - 10 May 2012 10:06 - 338 of 436

From the other side courtesy of looneytune who was at the EGM Yesterday..

EGM Review:

Present: in order of seating - Bill Guest, Michael Jenkins, Neil Hodgson, Peter Hind, Maxim Barskiy. (correct spelling)

Introduction by Sir Michael Jenkins
Voting - all resolutions carried.
Peter Hind then chaired the middle section of the EGM, he starts by saying that unlike an AGM there will be no presentation.
He had expected more Private investors. He joked that there were more Matra's advisors than investors.
PH had been on the road a lot reviewing all options from businessman/institutions etc. PH had known of MB but never spoke in person. He went on to talk about the success behind MB.
Because of his experience and exposure at TNK and that he has access to deals that Matra could not even contemplate. That was in the main the reason for bringing him onboard.
The negotiations with MB started some 2 months ago whilst the SP was lower than 0.8p. There were no shortage of offers regarding funding however the MB deal was favoured by Matra.
It's a very good deal for Matra, the market clearly agree hence the rise in SP. MB is not a passive investor he is very much hands on. He also commented on investors from blogs expecting MB to be sworn in so to speak and then expect a deal to be announced - the only announcement today will be to confirm todays resolutions.
There would still to be formal board meetings to discuss future events. The meeting was then handed over to MB.
He started off by talking about his background/experience, i would like to point out at this stage that he sounds like Robbie Coltrane from the James Bond movie!!!!!! He is from Russia/Ukraine, started in the financial business/investment management which led him to the oil business via various deals that came his way. He goes on to talk about West Siberian and TNK all of which is public knowledge but it was good to hear it from the horses mouth. He talked about Russian taxation. He is approached on a regular basis with investment opportunities but liked this Company.
Questions: Why did he choose Matra Petroleum? It was by accident. He stated that he was not looking but was approached and liked the look of the proposal.
Was it anything to do with the potential of the Soko field or was it for an acquisition vehicle for new business? Wait for it..........he said BOTH!!! He knows Orenburg and knows the potential of the area, also to introduce acquisitions.
What was the purpose of postponing A14? PH stepped in and said he was better placed to answer. The reason was that although the technical opinion was they didn't need seismic to determine the location it made sense that now MB was brought in it was logical to postpone it a few months. They would benefit further from 3D seismics and MB's experience and contacts from WSR. A14 is still planned for this year.
Another question from an investor - i take it Delek didn't vote? PH you obviously didn't hear the numbers there were over 400million votes!! Jokes.
Delek still committed, still fully supportive and Gideon Tadmor still on the board.
Are Delek more amenable to putting more money into Matra - PH said ask GTadmor.
In the past you spoke about other options in Orenburg is this still your focus and you are not looking in the Ukraine are you? PH said that no one has mentioned the Ukraine and Orenburg is a sensible place to start looking especially as MB has knowledge of this area. Every acquisition opportunity will require board approval and perhaps even shareholder approval.
The reduced MET has now come into force.
There is no tax advantage for MB buying into a UK company or indeed a Russian Company.
Another investor (who was very late) asked MB why he invested in Matra and Maxim said "you were late"!!! That question has been asked but he repeated his answer. Again he was introduced via a banker.
Another question - have you investment in other companies you can tell us about?
There are no other conflicts with Matra but he has other portfolio's. Directors have to go through serious due diligence said PH.
Investor asks Maxim are you Ukranian or Russian? MB answers I am Ukranian Jewish!!!! This was in reference to Russia's relationship with Ukraine and the cutting off of Gas supplies etc....
Question - are Matra still selling oil domestically - yes they filled the onsite tanks during the thaw. He wished it was 1000bopd!!
MB wants to broaden the scale of Matra.
Meeting closed. BoD stayed behind to answer further questions.
All in all a good positive meeting.
Maxim Barskiy looks to be a hard character that takes no sh!t from anyone - a serious investor with a proven track record. Petr Hind and the BoD have done well here. Now Barskiy has to part with his £4.6million and Matra will commence the 3D seismics. I believe we will hear of an acquisition this year at the latest. This guy is focussed!!!!
All my opinion and my interpretation of what was said. Had a very long day so apologies for any typos and lousy grammar!!
The markets are grim but Matra looks very strong.

Edit: i reckon there were only 7 or 8 PI's (maximum)

markymar - 10 May 2012 10:23 - 339 of 436

Thanx Driver for that.

3 monkies - 11 May 2012 10:57 - 340 of 436

A lot of buying here today.
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