RE: Great prediction7 Mar 2021 18:16
May be MonMan meant Q1/Q2 for EL.
Cannot be that far away now in my view.
Yes Oil looks to be heading back to $100. Perfect timing for MATD finally start generating revenues as it transitions from Explorer to Producer from Block XX perspective. More Heron wells to come online would mean even higher cashflow.
Going after the Block 5, large and juicy prospects becomes a lot easier then down the road. Even makes it easier to attract Big Oil majors to come on board when oil price is on solid upward trend. MATD might even negotiate better 'Farm In' deal terms and could get 50% free carry on Block 5 while they focus on increased production from Block XX (Heron 1,2,3,4, etc.).
3p has been solid support and good base to launch the re-rate from ahead of EL that should come through soon imo.