My reading of present situation thus far after phase 1&2 chaps .
Matra had purchased 11m barrels of absolutely unrisky and very shallow reserves with absurdly low OPEX and CAPEX for less than $10m ( less than $1/barrel of 2P ) . Finally and most importantly due to US market multiples and conditions it is worth more than $ 100m.
Surely not - you say . Check the figures yourselves folks .
Will go through after careful DD as in phase one and two- thus far . Assuming no problems after DD phase three twill proceed . If problems then phase three will not - which protects Matra and us shareholders So win win situation
If you click on to the RNS of 22nd Jan this year you will see the tell tell words--´We have completed phase 2 of the 3 phase acquisition´ which I interpret that YES they are continuing with phase 3 in order to fully complete the acquisition.i hope i am correct and IMO we have not that long to wait for the shares being traded again. As has been said before on here much speculation as to what the sp will re open at---who Knows??? But I think things will now be a lot better and clearer than before as the company will have more drive and direction once this acquisition is complete----as always only my opinion and we can all speculate!!
post on advfn, this was the answer by rogerinnserinns 10 Feb'14 - 15:25 - 7341 of 7342 0 0
No way in the world is oil in the ground worth $40/bbl - more like $10/bbl. Mind you that's worth around £69m and they have some minuscule production. At best the share price would be around 3p and that's much better than 1p.
this has been a roller coaster and ive been at 0.4 p and 5.5p and never sold ( need to learn how i suppose) ..anyway long gone are the A12 broken drill bit cold weather days...mta and our russians are releasing only positive bits of news and personally im delighted being suspended as it stops manipulation etc and lets be honest mta unlike rrl for example is off the radar to many on these boards.....so when max and vlad start to show the real news when they are ready with RTO etc etc there is only one way this is going...used to listen to BMD and his 29mill quotes and 50p etc..all decent enough if true but mta never produced did it?..now we are at the beginning of a new chapter and a new story of which no one knows where its going but the russians are proven winners...just glad im locked in ;)
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