RE: 20p Plus Within H2 2025!24 Mar 2025 14:39
From last RNS and AGM one fact stands out, MATAD are intent on creating as much revenue as possible from the already drilled wells, we expected GOBI Bear 1 news to be mentioned but Gazelle 1 was unexpectedly brought into the equation, see the Gazelle RNS dated 17th Oct 2019, it seems nailed as a producer with its oil rich 3m pay area and it lies close to H1 so can share facilities.
We also know that the pressure issues stated in November 14 2024 RNS are no longer an issue, great news, only minor issue with H1 is sand and apparently PC have had the same problem with their high producing wells, we also know sand screens fixed the issue for PC so we can be pretty certain sand screens will eliminate H1s sand issue, in reality sand in oilwells is quite common and the problem is easily overcome.
Bring on 12p by year end though many think 20p+ and it could well happen.