Matra Petroleum. Confidence returning! Big gains here!

It’s been a torrid few months for holders of Dans’ favoured company Matra Petroleum. Recent events on A12 (the failure to isolate the water) have taken their toll on the sp which is trading at a miserable 0.5p. To say that the stock is below value doesn’t really justify the statement. It is way under-value. Genuine

The news.

I’ve gone all out here trying to source news it’s been extremely difficult given that the company reiterate the company line. However there’s good news on the way! (More of which later). Investors can be hard to please particularly Matra Investors whose patience has been pushed to and some would say over the limits of endurance however what that should have done is to increase understanding far beyond the usual oil investor. There’s nothing not known about the company by Matra Investors we are all fully grounded in the ways of oil exploration & production techniques currently used in Russia’s prolific oil bearing region of Orenburg. So when will production on A13 kick in to kick-start the sp?

The News is Good!

There’s rumoured to be a big PR campaign kicking off  shortly as the company seek to high-light the value and true potential of their oil discovery. The news is that A13 will be on production in late January early February 2012 The ESP (electric submersible pump) has been ordered and should be on site in the next few weeks expect an RNS when it lands. Remember A13 has flowed black oil for 3 months so production would seem a foregone conclusion. Matra are very confident of finally bringing on production as early as the next 6/8 weeks. I have interviewed the company several times over the last 3 weeks and as far as I can tell the penny seems to have finally dropped. Production regardless of bopd needs to be brought about even if it’s just to prove that there is indeed 15.1 million barrels in place with the potential to rise in excess of 50 million barrels. THE STRATEGY IS TO GET INTO PRODUCTION ASAP THUS INCREASING THE SP TO LEVELS MORE REFLECTIVE OF TRUE VALUE.(3p) This in itself is seen as a platform from which to unlock funds for A14/Seismic which sources indicate the company will have no problem raising due to the potential of A14 to finally right the Matra production ship.  Matra could be in the position of a 2000/3000 bopd come the summer of 2012 with up to 12 wells planned for full field developement. Delek are known to be fully supportive of the company.

A14 Will be fast-tracked and as I understand it the actual drilling spot for A14 has already been provisionally located and pegged out. The licence for A14 is a formality. It’s eyes on here as the sp is set to rise over the next few months. News could also be in the pipeline this week from Fox-Davies so says one of our subscribers who emailed over the weekend after contacting FD.

They are destined to rise over the coming weeks as the company hit the ground running don’t be surprised when they HIT 3P! CONFIDENCE WILL BEGIN TO RETURN HERE AS THE MARKETS STEADY IN THE NEW YEAR AND MATRA FINALLY BRING ON PRODUCTION. Set a 12 month hold on your stock and await 12p!

Contrary to popular opinion I hold and will continue to hold Matra Petroleum. The reason? It’s a no-brainer the oil is there in vast quantities, eventually production will ramp up taking all those along with it to the dizzying heights of 10/12p. Bargain buy at the moment! Could easily hit 2/3p in the new year pre A13 production.

Viva!

Dan the Matraman!