RE: Full Operational Update & Major Company Re-Rating3 May 2026 08:32
Risk v Reward at current Mkt Cap? c. $30M - Very broad overview
- Start off with ZERO DEBT / 100% OWNED
- ASSET VALUE (Heron-Producing)$175M-$480M (plus) in ground with development of asset returning significantly higher ie $3-$8bbl v $40Net payback with development.
- OTHER ASSETS (Gobi/Block 7 )
- DIVERSIFICATION via Renewable JV
I expect the AGM was scheduled for 28th May, as opposed to usual Mar-Apr, as it gives plenty of time to finalise the FARM OUT deal, which is being negotiated off a Firm Proposal already received.
Those few (and becoming fewer) arguing desperately on a 'no deal', may want to consider the perspective of why the Company would bypass a Farm Out deal, giving away ex 30% of Heron Only for a placing, giving away effectively ex 30% of the Whole Company, via dilution - especially as they've already received a FIRM OFFER ALREADY and before the current global supply shifts occuring.
No one has a crystal ball, with some here seeming to want that, before an official RNS release - but we can engage our brains, to identify the Opportunity currently offered by the MATD investment, alongside the excellent Risk v Reward safety net.
Enjoy the weekend & Bank holiday all