RE: Matad Sum Program Approval Meeting Confirmed for 'OPEN MATAD' Program25 Oct 2023 08:06
WOS - not saying it isn't but there is nothing in the extract you posted that refers specifically to Petro Matad. Could the presentation not relate to the wider ranging developments supposed to be going on in the Matad Soum?
Trading list says it all - anyone with just a small holding is getting out at a loss. Those with large holdings are too far underwater & hoping a recovery may get them their money back. Only dreamers like WOS & co think there will be any profit in the foreseeable future.
LP comes / MB ramps the SP / cash raise / Heron workover next spring / PC & DQE deals finalised / some production & more H drills next summer / revenue starts, possibly earning a profit in 2025. (who said I don't look on the bright side!)
There may be a short term blip up but it will essentially stay the same IMV. However, going off past RNSs & MB's other offerings it would not surprise me if it fell