Well as you’ll all be aware Matra have finally spoken.
It looks and feels like Matra have finally conquered the problems that have beset them over the last 12 months. The A13 has been shut-in pending test flow and Matra have acquired a new rig for the A12 drill with quite a bullish statement on their licence (expected to be completed by end of this month).
Now is the time to be thinking of just where will Matra be in the next 12/24 months? I can tell you this; Once the oil begins to flow from A13/12 cash resources will quickly accrue.The production licence fear was always a red-herring (as it ultimately will be granted) those who have kept faith with the company can look forward to a steady rise in the sp. With further oip increases being mooted from Dan’s sources. Matra will certainly be shooting more seismic to fully understand the extent of the discovery/acreage. ( And it goes with-out saying that more wells will inevitably have to be drilled) I am of the opinion that the company due to recent problems and share-holder dissatisfaction are deliberately down-playing this discovery. Go back to 2008/9 and research.
We, like some out there, have kept the flag flying for Matra when all around were cursing,fuming and bemoaning their investment. Now that the tech’ problems are being brought under-control confidence should begin to increase. They were always going to be solved it was just a question of time and time is what investors should be looking at. If Matra can prove up 80/100 million barrels of oil over the next 12 months then Matra could hit 50/100p! Make no mistake, with all the bad luck this company have had, the future is looking very bright here for a short-term 12 month investment.
The oil is there!!! The infrastructure is there!!!! The region is a prolific oil-producing area of Russia!!! Matra ‘s oil is 30 minutes away by tanker from its distribution point/storage/buyer.
I have as you all know upgraded Matra to favoured status. This has not been done lightly. There is a real opportunity here for the canny serious investor. Day-traders may make a few quid here trading the dips and spikes but holding Matra stock is the key to substantial gains. OIP will increase here and confidence will return this equates to an increasing sp as good news helps to blur the recent memories of the A13 A12 tech’ problems.
A very good investment.