RE: Oracle Power6 Feb 2025 14:37
2857mal
Since you are so persistent, then I will respond in this occasion.
Nope, totally different to Matad. Oracle is in a different league out of Matad's reach.
I have posted on this board the difference between Oracle Power and Matad before, it's just that you haven't paid one bit of attention.
For one, Oracle Power doesn't abandon projects like Mr Buck does.
When I say Oracle Power is backed by major players, I meant it. We have partnership with the Dubai prince in one project and also Power China in another.
Again, I refer back to MB for his one sided claim of the Mongolian government support, and it has taken years to obtain the LP. Same with Petro China discussion that has been ongoing for 10 years but no finalising deal.
The revenue potential is day and night. MATAD still have a lot of teething problems with their 200bopd well. Let alone export processes needs to be discussed and signed on paper. We also know MATAD will need a massive cash call at some point.
Oracle Power's strategy is different. All their projects are partially de-risked with a partnership.
We hold small stakes in multiple international level projects. Take an energy project for instance, the project is built to last several decades to provide energy to the grid. That means we are looking at a share of billions of dollars of revenue in the coming years, and that's just one project.
I'm not teaching you to suck eggs, but obviously there are other projects in the advance stages as well. Not doing all the research and giving it away for free.