Matd20 Aug 2018 14:01
Whilst I dont usually invest in oil exploration, I believe MATD ticks a lot of boxes that make this a worthwhile risk/reward opportunity. The CEO seems very fair and dilligent in moving things forward, BG invested in Block 4 and 5, only to relinquish due to Shell. More importantly, if you listen to the presentation given by Mike in March, he states that they found live oil shows when they drilled Block V, which we are currently drilling, with a mining rig at Falcon prospect. Admittedly, Snow Leopard is probably 50km away but that should be enough confidence there is oil down there!