Such a strong investment case..!!8 May 2018 21:12
Matad has 100% ownership of three, government production agreements (PSAs) and are FULLY funded for an intensive 4- well drilling campaign targetting billions of barrels of recoverable oil (up to 23 billion).
Two are potential basin openers whilst the two eastern drills are pretty much apprasial wells. Aggressive 2018 exploration will happen in Q3 as matad will be using two drilling outfits in parallel to really ramp up the operation.
The first drill, Snow Leopard, is targetting 2 primary payzones (plus 3 secondary horizons one of which with potential lacustrine linkage!). All is on track for drilling THIS quarter, as per guidance ;)
Not long for the anticipated news flow to kick in! Be nice to see an update on the Tugrug 3D siemic interpretation too. Bring on the May cheer..!!