MTA - Matra Petroleum Plc

[Roach-Rampino]

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

http://www.matrapetroleum.com/c/Home/1.aspx

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

http://www.iii.co.uk/investment/deta...onsensus&it=le

[Roach-Rampino]

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

[Roach-Rampino]

1/10/2010 1204hrs: 2.65p

[Roach-Rampino]

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

[Roach-Rampino]

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

[Roach-Rampino]

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

[hxbro]

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

[hxbro]

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

[hxbro]

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...

[hxbro]

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

[Roach-Rampino]

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

[Roach-Rampino]

28/7/201 1400hrs: 1.4p