All, There is some confusion here. The chat about 90 billion resource estimation is NOT for Gulf Keystone in Kurdistan, but is for Petro Matad (MATD) in Mongolia. For information: The large total is for oil potentially generated from the source rock. A small portion will potentially be trapped in fields, and only a percentage of which is recoverable. But the prospective area is very large and the source rock in outcrop is very rich. These are undrilled frontier basins with high potential. All this information is available on the Petro Matad website.
MATD. Please just check the bb to find out more. For summary It is fully funded. 15 millions cash. No debt. Ready for drilling. Negotiations for JV. This might be the one that guys you were looking for. Please have a look. Thanks again
I think it possibly is. I think its a fairly binary bet from here at a very cheap price. Either the Kurdish regional government will pay up long term or it wont. if it does, shares will surely go much higher. if they don't, the company will inevitably go bust and be bought out for pennies or torn apart by one vulture or another.
With the situation against ISIS rapidly improving, and oil price stableish, I think I will be taking a small stake on that binary bet.
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