V1 COS & Price Build Up Through Drill15 Jun 2023 03:21
Think some people did already decide to sell at spud & why price dud go down even though RNS was positive.
Progress in LP process & confirm all internal work done with documentation already submitted to other Ministeries. Remember this could have happen weeks ago before RNS release.
V1 drill on schedule and research show company often lower COS and fit in with what mr Buck say "Wildcat drill with better then wildcat prospect"
This is on excellent source rock & in WORKING PETROLEUM SYSTEM.
Main thing is Petro Matad already have asset to cover risk & V2 drill paid for. This is not "all or nothing" drill.
People say "but no LP" but also say "sure LP will come not when & will multibag 300%, 400%, 500% or more.
Now LP in Cabinet hand and NOT local govt with process now we'll advance to last stage & multibag on issue can see how money will pour back into investment & share price back up.
Even with no oil at V1 Special Certification issue will multibag price. All know this & why share price rise inevitable imo.
Investor sometime forget all other thing like 2 BILLION barrel PROVEN & IN PLACE in Tosuun Uul Basin which Petro Matad will get revenue from.
Some people make every post attack on other posters & no research/ information.
Logical research tell us with or without Velocirapror Petro Matad SP will multibag from this levels AND the Special Certification WILL be issue soon with last stage of process for this.
Buy or not up to you but ones who complain most loud about stock are one who look to buy really ;)
Be happy & with good idea price will multibag ROI from here :)