RE: Fair and Factual Post for Reference11 Apr 2022 09:38
Well I may as well join in the fun!
Thought I would repost this again as a daily reminder for all
Contrary to posts from regular derampers Aspers Hamm and badprophet. Badprophet who said that the below post was fanciful and then when asked which parts were fanciful, he doesn't have an answer, what does that tell you about him.
Please see below a repost of FA's recent post - forwarding on as certain posters don't like factual and fair posts. No ramping here - no it's going to be 20p next week - no buy for FOMO - just factual and fair - check out RNS's and Interviews with Mike Buck and you will see for yourself that FA is not a paid employee of PM, and ask yourself why Aspers Hamm and badprophet don't like the below post. Ask yourself why would somebody who is supposedly invested in a company but are consistently negative.
The Header highlights what I think of the stock and it's prospects going forward!
Let's establish a key fact pertaining to MATD - it has an existent Oil asset in Heron and is looking to transition that to production in Q2 ready status in Q2 2022.
The Exploitation License issued in 2021, also includes the entire extension into Block XX of the proven and producing Tosun Uul Basin, containing an estimated 2 BILLION bls if in place oil in the adjoining PetroChina areas, with the MATD area being significantjy larger.
There's also the Exploration based Velociraptor Trend, which if productive, could be a game changer for the whole country (paraphrasing Mike Buck, CEO).
The key point to establish is that Petro Matad ALREADY have the Oil, hence a fundamental mitigation of Risk associated with the investment - thus enabling a higher investment level than usual 'run of the mill' Aim explorers or others heavily indebted.
MATD are FULLY FUNDED for the upcoming Heron Operations & are not crippled by DEBT/CLNs etc.
Refering to the 25th Feb RNS, DQE (a subsidiary of Petro China) approached MATD with a view to working together / Developing assets. As their website states with regards to existent assets purchased in Mongolia and initiatives abroad -
"A key step has been taken in exploration and development abroad, and it opens a new option for Daqing Oilfield to go abroad to look for RESOURCE REPLACENENT" (DQE website under 'Exploration and Development Business' section)
It's key to note that DQE made the approach to Petro Matad and with the potential open for production as well as exploration development.
That's potentially huge forvthe company, providing rapid scaleability and development if resources against the slower, organic appriach if Heron production funding Exploration initiatives.
The latter is exciting enough in itself, seeing Petro Matad making that fundamental shift to a Revenue generating Producer. With DQE on board, that gets fast tracked with an even more favourable Risk v Reward profile
Progress analysts provided a 29p pruce target at a $60bbl oil price, with current levels far exceeding
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