RE: Presentation23 Dec 2025 22:12
You have to be able to read between the lines with MATD and their RNS’s.
It was 200 bopd, sure. But they’ve also told us they’ve encountered some issues and haven’t given us an updated number, despite me explicitly asking the question at the Q&A, right at the beginning and repeating it towards the end. Yet many other questions were answered.
Put it this way, I’m confident that if it had increased to 300-400+, they’d have been singing about it.
It’s not the end of the world, Gazelle is a bonus an hopefully they can get a few more wells going. But it’s going to be slow going. Just look at Heron 1… supposedly one of the best flowing wells around and it’s down to 135-145 bopd.