RE: Petro Matad on Target for Drilling / First Production 2024!3 Apr 2024 06:41
Header say ALL and think some people miss point.
First - Oil price up around $89 with US inventory down, Brent oil futures higher, OPEC cuts in place & Middle East situation with Russia also say it will reduce (diesel) Export.
Back to Header - some people expect seperate RNS for Mata Sum actual Agreement signature. I do not expect it (but maybe it will happen)
Mr Mike Buck like to put lot of thing in single RNS - we see plenty of time this is his way.
This is why header say what it does as "The company is NOW stepping up the planning of Operations to complete the Heron 1 well for PRODUCTION" -March 1st RNS
Mr Buck probably think it is enough to say Agreement reach and ready for signing. Maybe am wrong and will give seperate RNS but just say this is not how he USUALLY deal with Newsflow.
He thinks more like he is running big company not Aim lost one and is good in some way how he does underplay & not overplay like so many CEO - bad in other way because some are not patient.
For myself very easy to be patient - this is just me and easy to see development in process already & BIG STRATEGY DEVELOPMENT which may small investor not built for.
This will be major Dividend paying stock for me with major capital gain also. Other will take there few hundred percent gain in coming days.
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