Very disappointing sp at the moment but this is purely due to lack of investor confidence with the A12/13 well problems. News by MTA will be released in short order here. The feeling is that MTA will only release news when they finally get both wells back on production. Yes i know they are a tiddler but broker targets here mean this is a very good play for a short term spike on good news. Investors need to hold their nerve as i am of the opinion that providing the wells come on stream then this sp will certainly rise significantly to where it is currently lying in the doldrums.
Oil exploration Russian or otherwise is always fraught with technical problems,funding issues,licence approvals and a whole host of other related issues but Matra are in my opinion a very decent speculative punt of a long-term investment. It’s all about getting the oil out of the ground. No oil production = plummeting sp. Production = rising sp. Simple really.