Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
This 75% chance of success touted by many posters is GEOLOGIC - meaning that they have a 75% chance of finding hydrocarbons but the amount could be so small as to be considered a dry hole. It doesn’t mean that Matad have a 75% chance of making a commercial find.
This is not deramping as some are likely to say - please feel free to dispute this fact.
I think it’s very likely there will be another placing.
They have enough money for these drills but if they come up empty they are left with nothing. So, they announce rig acquisition and approximate spud time and then the money raise. Sound familiar ?
Rule of thumb on the AIM bb - never trust anyone who needs to spout on a daily basis on how much they’ve topped up. And they all generally hold million + shares in a very short time and they all feel the need to announce it.
Too obvious really........but guess that’s why they’re bottom feeders.
"Victor 14, I've run your posting style through my software and it's a close match on a few other notorious derampers............It has 99.5% accuracy."
By the way, how does it feel to be only No. 5 ramper on the LSE list ?
Looks like you're aiming higher.