5.1p by June13 Mar 2025 15:05
Why is this posted again, as it’s the most likely outcome (Not to the derampers/stockbashers)
Why 5p by June.
Below is the more likely outcome.
1: Sales agreement signed and delivered allowing us to sell to China, upward price movement soon, agreement now uploaded to PC servers.
2: H1 remedial works to increase production to ???? 500 + bbl/d, upward price movement.
H1 currently choked back and producing just over 200 bopd, once sandscreen is fitted the choke can be opened to allow higher oil production, sandscreen is cheap and easy fix.
(14th November RNS states potential of 800 bbl/d) but could be more as H1 was stimulated pre completion, see RNS 22nd August 2024.
3: H2 remedial works to increase production and bring onstream @ around 100-150 bbl/d, based on H2s 5m pay zone as opposed to H1s 18m pay zone, result = upward sp movement. Majority of completion costs already covered and accounted for.
4: Funding, Mongolia/Petrovis best option but Reserve based loan also an option (these are my preference) , that said the markets may see a DQE / profit share deal as the best option, last resort share issue, eitherway once we have funding for H3, H4 etc and maybe even GOBI upward price movement.
Curve ball, Mongolia have granted exploration and exploitation right to the refinery, in effect the refinery operator could partner MATAD, win win for both sides.
Or MB could throw a curve ball and come up with funding elsewhere, watch this space.
5: GOBI Bear 1, the joker in the pack, no matter how the data is viewed it says "OIL in Place", what a boost that would be.
With 34m of reservoir quality sandstone GOBI could well be the "Joker in the pack", the company maker we have been waiting for.
6: Block VII: huge potential and MB hoping to bring in a partner, watch this space.
7: Also take a look at Sunsteppe, MATADs renewables project in Mongolia, well supported by the government and have MoU with Rio Tinto (RNS 25th April 2024) to supply Green Hydrogen to their Mongolian Oyu Tolgoi copper/gold mine. Also working on 50/150 MWh battery storage project.
https://www.sunsteppe.com/about-us/
8: Gazelle 1 looks as if it will be brought into production.
Have not considered PC deal but that seems to be on the table as well (JV, even a buy out of Heron field).
The obvious sustained attack on MATAD by derampers posting disinformation and FUD, why, i will let readers decide for themselves.
The above will bring 5p by June and sp will increase in the following months as we will be self suffi-cient money wise.
12p by year end.
All very very possible given how fast this share moves on good news.
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