The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
“Or they have changed direction due to making a find”
That means that Matad lied in the RNS by saying it is postponed because they couldn’t get a rig.
All they had to say was that the drilling schedule had changed and update would be forthcoming.
Dozzawba,
Okay, I’ll be positive - I hope we hit oil at SL and drill and hit again at WH !
But I did wonder why they didn’t give more of an update on WH. I could be wrong. But we are supposed to be drilling in September and tomorrow is the 10th. And they did fall down on Block XX.
Same as you, I hope we get some good news on SL. Best of luck.
Dozzawba,
Agree.
Glass half full - we have oil at SL and WH.
Glass half empty - they don’t hit at SL and delay WH and Block XX. Or drill WH and nothing. Block XX with a bigger chance of success would have given the SP a much needed boost.
The reason I post the “negatives” is because there are a lot of posters here who post only the “positives” and make outrageous predictions with nary a word from anyone (almost). Anyone for “last chance to get in at this price” ? Ever wonder about their agenda ?
On 25 June they gave us a detailed update on SL advising the well site was complete and the rig was ~ 35% rigged up. This was 2 weeks before spudding.
Nothing on WH in this update except to say they are on track.....and of course to bring up the Wood Mackenzie report. Of course I’m skeptical. Are they going to say that due to delays at SL it is now too late to drill WH this year. It’s not what is in the RNS.....it’s what isn’t in it.
Don’t forget the 2 funding raises. When the money was raised in January it was for 4 fully funded wells. Guess we we didn’t need the one in June as now there are only 2 wells. But hey, you have next September to look forward to waiting for results.
Shouldn’t be so emotionally attached to this share that you can’t see the forest for the trees. They didn’t deliver and that’s the bottom line.
They were supposed to start drill in H2 (Falcon) so yes, one could argue that they didn’t deliver on time.
As for WH......the fact that they didn’t mention anything in the last update about well site prep being complete or nearly complete is suspect. Even I cannot truly believe they will not drill that this year.......WildOne is right - if they don’t, they will have lost all credibility.
Hopefully the big one is still happening.
Would have thought they’d mention today that site preparation is complete for WH. Instead we get “preparations for Block IV are on track” and “community relations” are awaiting arrival of the rig.
Community relations ??
Forgive me if I’m a bit skeptical after today’s RNS?