RE: 5p by June28 Jan 2025 07:13
Looks like derampers will be working flat out again today, getting really desperate as the spring drilling season approaches. No doubt official news soon rather than their misinformation and very obvious lies..
Why 5p by June.
1: Sales agreement signed and delivered allowing us to sell to China, upward price movement in February.
2: H1 remedial works to increase production to ???? 500 + bbl/d, upward price movement.
(14th November RNS states potential of 800 bbl/d).
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.
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.
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.
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 suggests they are being paid for their 12 hour days of posting disinformation and FUD, why, could it be we will hear soon about a hostile takeover attempt, this would certainly explain the unparalleled attack on the company by these derampers.
The above will bring 5p by June and sp will increase in the following months as we will be self sufficient money wise.
12p by year end.