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  1. #1
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    Default MTA - Matra Petroleum Plc

    A very cheap share that seems to be on the up.

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    Hailed as a Stong Buy on iii.co.uk:

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  2. #2
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    Default Re: MTA - Matra Petroleum Plc

    I stuck in £500 at 2p only 30mins ago and already they are up to 2.3p!

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    Default Re: MTA - Matra Petroleum Plc

    1/10/2010 1204hrs: 2.65p

  4. #4
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    Default Re: MTA - Matra Petroleum Plc

    There's lots of talk of an RNS with very good news on Monday. Will be interested to see if that is bullshit.

  5. #5
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    Default Re: MTA - Matra Petroleum Plc

    4th October 2010 0845hrs: A day high of 2.9p already. No RNS as yet so it could still be all bollocks.

  6. #6
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    Default Re: MTA - Matra Petroleum Plc

    4th October 2010 1600hrs: dropped back to 2.4p.....no RNS looks like it was bullshit after all.

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    Default Re: MTA - Matra Petroleum Plc

    RNS is out, short term doesn't look like a money spinner, so it might be a while before the price recovers

  8. #8
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    Default Re: MTA - Matra Petroleum Plc

    +13% this morning, starting to move again, might see some blue again shortly

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    Default Re: MTA - Matra Petroleum Plc

    Operational Update


    Well-12
    A suitable rig to undertake side-tracking operations on well-12 has now been contracted and mobilisation to the well-site has begun. For operational reasons, TNK-BP has been unable to release the previously contracted rig.

    Well-13

    Remedial cementing operations have now been completed on this well. After a short flow period to ascertain if the water has been successfully isolated, the well will be shut-in while surface production equipment is installed before restarting production.

    Matra's Managing Director, Peter Hind said:

    "The remedial cementing on well-13 appears to have gone well. We will know if we have successfully isolated the water zone once production is started.
    We are pleased to be starting work on the well -12 side-track which will be supervised by Fosco, a highly experienced Russian contractor.

    Issue of the Production Licence is expected before the end of this month."

    Further announcements will be made as results and further information become available.

    So, some good news, although a bit hazy on details, glad they didn't mention any dates as they would probably miss them!


    Price up this morning, doubt I'll see blue till the license comes in...

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    Default Re: MTA - Matra Petroleum Plc

    just sold everything, finally hit blue, decided the money was better in my bank account with christmas fast approaching

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    Default Re: MTA - Matra Petroleum Plc

    SP as of 1st July 2011 1451hrs: 2.441p

  12. #12
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    Default Re: MTA - Matra Petroleum Plc

    28/7/201 1400hrs: 1.4p

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