Petro Matad - Multiple ROI Coming Up26 Jun 2023 07:02
Header for VERY GOOD reason & very easy to show this should happen.
1) Petro Matad already HAVE asset which easily support current share price (Heron)
2) Have Block XX extension of 2 BILLION bbl Proven & In Place
Just this support share price & waiting for land access permission. This is OPPORTUNITY when should see straight 300%, 400%, 500% RE-RATE!
Progress obvious with Ministry of Urban Development process push towards Cabibet Submission. "at an advanced stage and we expect the submission to Cabinet to be made SHORTLY" (This from last RNS from company who speak direct to Ministry / Govt and not from anonymous BB poster who maybe speak from somewhere else ;) ).
3) V-1 potential "country making" drill result soon. Maybe hit oil & maybe not but look like investor derisk already from 50% price drop because of LP wait. This is like drop we see when duster announce
BUT
Petro Matad ALREADY have asset like I say which make price MUCH above share price now AND expect LP RNS "Shortly". If you (really) think will not come then do not buy lol but do not think any inform person really think this.
4) Renewable REVENUE GENERATION looking in short term
5) "The company believes the current cash balance is sufficient to continue operations until at least July 2024".
We see HARD buying before close Friday & like lot say EASY to sell but DIFFICULT to buy.
Make own decision. Look like will see MULTIPLE ROI for Petro Matad & happy to have my share safe :)