RE: Petro Matad: More Than Just a Technical Move?10 Mar 2025 17:39
“The reason they don't have the signature might be what sends this to the stars.“
Surprised there’s not more chat about the lack of signature along these lines. It’s not credible to say it takes 8weeks to sign a contract to sell oil, especially given they were seemingly so quickly able to agree to receive and store the oil. So, it’s either just genuinely an admin farce (which is costing MATD in storage costs) or there’s something else behind it.
I suspect the latter too, which would good news. Which presumably makes me a RAMPER!?
That said I wouldn’t see a deal to sell Heron (which is what I think will probably ultimately happen) would take it to the stars. I can’t see 1 asset going for multiples of the MCAP.
The 52% success rate on PCs field make this too risky for MATD to develop as it doesn’t have the firepower to sustain more non producing drills.