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With upward momentum fully in charge, I can easily see 8p being smashed in the first hour tomorrow morning. We are now starting to get more and more attention from a growing wider audience here all eager to know more about the matd story and take a position here. For me I can see an inevitable steady sp rise throughout June in the lead up to the spudding of our 75+%cos Heron prospect just weeks away now. This is still very cheap imo at 7p and will most likely hit 10p next week at some point as we gain more traction and the herd arrives in force. To all fellow Lth's on this bb, we have all waited patiently for this moment, enjoy. Next week is likely to be a cracker here!
Hope there aren’t issues sorting out the junior debt here leaking out. If so what a screw up.
Just think, in 5-6 weeks time we will be drilling 2 high cos appraisal wells in Heron and Gazelle simultaneously with 2 seperate rigs. which are both materially massive company making prospects, with Heron alone being 70% cos at least. Plus don't forgot Heron is less than a mile in block xx from where petrochina's fields are currently producing 20000 barrels a day. So make no mistake, things are about to kick off with matd's operations big time very soon from now. Very much the calm before the big storm here imo. So so cheap right now.
If there was any issue with the junior debt facility they wouldn’t have committed to presenting at the oil conference in late June imo. All about to kick off here very shortly by the looks of it. Maybe last chance tomorrow morning to pick these up under placing price imo.