- 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.
- 01 May 2009 09:47
- 74 of 436
7 mil vol, 38% climb so far.
- 27 Aug 2009 09:27
- 75 of 436
Rising 10% a day cant be a bid..?
- 28 Aug 2009 12:53
- 76 of 436
I reckon 4p next week maybe.
- 28 Aug 2009 14:27
- 77 of 436
I got n these on tues @2.75.so hope you are right with 4p for now mitzy.
Another rift?,maybee.GKP,in my dreams.
- 30 Aug 2009 10:20
- 78 of 436
Another Rift ..?
I got in at the same price Capetown hope for 100% return here hold GKP and SEY all got a chance of 1 bagging.
From a tecnical view its a defin buy.
- 30 Aug 2009 12:35
- 79 of 436
I got in sey recently,under2p and sold thurs,used profit to buy these,also OXS though very risky looking good,up 40% on fri.
Back to MTA,another rift will be awsome.
- 08 Sep 2009 11:12
- 80 of 436
See the 2mill trades see the big volume this am.
- 08 Sep 2009 11:44
- 81 of 436
Mitzy: What's going on with this one?
- 08 Sep 2009 11:58
- 82 of 436
Another 1 mill gone through @3p..
- 08 Sep 2009 12:12
- 83 of 436
Could be spudding news to be announced soon grevis.
- 08 Sep 2009 12:23
- 84 of 436
Up 30% now and no end to buying.
- 08 Sep 2009 12:42
- 85 of 436
Found this posted on another BB today:
I haven't a crystal ball but I do know that considering the potential here a Mkt Cap of £21m (996m shares) is cheap whether the sp goes up or down on monday. MTA have an oil field but we don't know how much it contains. A-13 will answer that question. A-13 and A-12 could be producing over 2000 bopd between them early in the New Year. Here's to success!! I'll drink to that.
Probably news on granting of A-12 production licence jollyes man. Dont forget MATRA have an oil field (SOKO). The reservoir has good porosity and the oil is light and of a high quality (37-38 degree). Its almost certain that MATRA have at least 19m bbls of recoverable oil. It could be as high as 194m bbls but more likely is 65m bbls. The crestal well, A-13 will confirm what SOKO contains. But dont forget this is from one formation only, the Apnonenski, since A-12 was drilled on the flank of the field. There are 4 other hirizons to test!! Even after todays rise MATRA is still only capitalised at £20m. Its a snip, IMHO. But DYOR.
Kay, unfortunately you don't get many posts on this bb. A bb on another site is much more popular. I'm hoping for an sp of at least 5p (£50m Mkt Cap) prior to A-13 results and hopefully higher. I wouldn't like to guess on the sp after spud RNS but I expect it to be higher than 2p. There is the possibility of news before the spud RNS. The company is expecting news on the production licence issue soon for A-12. The company can then start on its work over. Hopefully production from A-12 (evidently MTA expect to be producing from A-12 before A-13 results announced) will give a boost to the sp.
JRz, I'm no ramper I can assure you!! MTA have stated that the best estimate (using deterministic and probabilistic methods) of the recoverable oil contained in the Aphonenski formation, alone, is 65m bbls of "sweet", light oil. They know this oil is in the Aphonenski layer because they have already drilled a well into it. A-12 was drilled on the edge of the Aphonenski layer in late 2007. A-13 will test the crest. Estimates of recoverable oil in the Aphonenski layer of the SOKO field are, LOW 15m bbls, BEST 65m bbls and HIGH 194m bbls. There are 4 more layers to test, apart from the Aphonenski, with A-13. Using the best estimate as a guide and a conservative value of US$2 per bbl in the ground I value that 65m bbls at a minimum of US$130m or £80m. After the placing MTA has 996m shares in issue. So a £80 Mkt Cap equates to 8p per share. We will get closer to that value as MTA progress with the drill which hopefully will spud in a month or so.
EURODOLAR, MXP has a lot less shares in issue than MTA but it has an awful lot of debt whereas MTA has NO debt. MXP has more blue sky potential but I think MTA is a safer bet, though both are gambles. Lets not forget that.
Well Jimog it can't be a duster since we know the Aphonenski formation of the SOKO field contains oil. A-12 found oil in the Aphonenski on 6/11/07. It tested at 960 bopd. It produced under temporary licence for a number of months but only at around 100-200 bopd. A work over and acidisation improved matters but water ingress caused problems. Unfortunately A-12 was drilled right on the edge of the Aphonenski. The water ingress was caused by either the fact it was on the edge and was at the OWC zone or the water came from the Lower Aphonenski layer. MTA propose another work over of A-12 to stop the water ingress. From the results of A-12 and enhanced seismic they aim to drill the crest of Soko with A-13. There are 4 other prospective layers (3 shallower that contain oil in neighbouring fields) missed by A-12 that could contain oil BUT the Aphonenski definitely does, because A-12 found it!! The problem is how much? The best estimate is 65m bbls of recoverable, sweet, oil from the Aphonenski alone but we wont know how much oil is there until A-13 drill is completed. The net pay at A-12 was only 4-7 metres, less than expected because it was drilled on the edge of the field and not the crest as they thought. I imagine, though I'm only guessing, that the low estimate of only 19m bbls is if the net pay is still only 4-7 metres at the crest. I'm hoping that with at least the best estimate of 65m bbls from the Aphonenski plus a contribution from some of the other layers (Franski etc) MTA might be able to announce a reserve of 100m bbls of recoverable sweet oil. I think its 99% certain Jimog that A-13 will not be a duster!!
- 08 Sep 2009 12:49
- 86 of 436
Who would have thought a 10 bagger in the last 6 months.. and there isc t
- 09 Sep 2009 09:39
- 87 of 436
Buyers back .
- 10 Sep 2009 12:26
- 88 of 436
Still researching this one.
Found this on their website. Well is expected to spud mid September, so more fun to come
For immediate release: 3 August 2009
Matra Petroleum plc (“Matra” or the “Company”)
Matra subsidiary contracts drilling rig.
Matra is pleased to announce that its 100% owned Russian subsidiary “OOO” Arkhangelovskoe” has signed a turnkey contract with Petro-Management Drilling Company for the drilling of well-13 in the Sokolovskoe Field in Orenburg. The rig to be utilised is an Uralmash-4E electric rig.
Site preparation has commenced at the well-13 location and mobilisation of the rig will commence within the next few days. The contract allows for a 6 week period for mobilisation and commissioning of the rig at the new location and drilling to 3850m is expected to take approximately 120 days, after spud, at a cost of $4.5million (excluding VAT).
Matra’s Managing Director, Peter Hind said:
“We are pleased to get drilling operations underway – we expect to spud the well in mid-September and to have the well results very early in the New Year. This is a very important well for Matra and we will report again once the well has spud.”
For further Information, please contact:
Peter Hind, Managing Director
+44 (0) 7990 807855
Aquila Financial Limited (PR)
RFC Corporate Finance (Nominated Adviser)
+44 (0) 118 979 4100
- 11 Sep 2009 14:05
- 89 of 436
Notice the buying today before the long awaited news.
- 14 Sep 2009 12:18
- 90 of 436
mitzy: News must be imminent!
- 14 Sep 2009 12:41
- 91 of 436
We can hope so..!
- 18 Sep 2009 13:19
- 92 of 436
Bought a few in front of spud news which is now due.
- 18 Sep 2009 13:29
- 93 of 436