RE: Oil13 Mar 2019 13:16
In my opinion I think dilution pre Heron drill would be detrimental to Matd (They know it)
The drilling program is all about the Initial well, if this is successful it will (IMO) change the 2019 program to facilitate revenue; And remember no pipeline needed here, just some transportation and a well completion.
If the well comes up dry, ~ 15% chance, then again IMO Matd will need to consider funding for 2020/21.
Anyway still a very good bet IMO. GLA