RE: Seniment2 Feb 2025 16:04
22 October 2024 RNS:
"The Cooperation Agreement with neighbouring operator, PetroChina Daqing Tamsag, is in near final form. It includes provision for the offloading, measurement, processing, export and sale of the Block XX production. All fees to be levied are in line with expectations and the only item remaining to be agreed is the administration fee to be paid to PetroChina. Whilst PetroChina has advised that it will likely take some time for the agreement to be signed by its Headquarters, Petro Matad, PetroChina and MRPAM have all agreed to get Block XX production operations started ahead of the operational winter shut down in late November. Production, processing and export activities continue through the winter months, so it is important to get these started in advance."
You read that Thorn aka CaptainStanley... I'm really disappointed in you.
It states in black and white that the cooperate agreement is near final form, but officially speaking, it hasn't been signed, and it will likely take some time.
Question is why the delay when they had been in discussion for 10 years, and if it doesn't get signed then it means no export / sales for MATD.
Uncertainty?