There’s no pleasing some folk!
Matras’ latest epistle (foretold here) landed this morning confirming what we here generally predicted last week. The A13 problems have been RESOLVED yes that’s great news and the share-price spiked to 4.20p then began a gentle decline after day-traders NOT investors began closing their positions. “The water zone has been successfully isolated and only OIL IS NOW FLOWING!” Yes you’ve read that correctly OIL IS NOW FLOWING and what some are missing is this: The percentage of oil recovered from A13 can only increase as will Matra’s share-price. Pressure data should confirm a higher rate of oil flow probably in excess of 200 bopd
The A12 update should be seen in a very positive light. Drilling is known to be well advanced here and news should be with us in the next 10 days or so. The weather has caused some delays but investors should remember that All equipment needed to progress the A12 is ON SITE and in full use as YOU read this post. The A12 drill is at an advanced stage and it is drilling into a virgin oil reservoir. From what I can gather Matra is determined come hell or high water to get the production oil flowing at 1000 bopd but I suspect that the 1000 bopd will be much improved upon once the production begins. This will significantly enhance the company’s value.
It’s never easy investing in small oil companys for future growth but one should always try to invest in those that are generally debt free, well-funded, good assets or asset potential with (whenever possible) proven oil in place and a genuine set of chaps running the company. Matra are all of the above. This Board are as honest as the day is long. Hodgson is an extremely polite and highly regarded geologist within the oil exploration community and Hind is a dedicated oil-man with a proven track-record of astute deal-making through-out his career. I like Matra and needless to say I believe in the company. Matra’s sp since they were first high-lighted by the Blog has more than doubled. This trend looks set to continue as Matra fight the good fight and bring value back to their core investor base. They are on the up.
1/ A13 water ingress solved.
2/ Full Production Licence granted.
We now await the third piece of news that will establish Matra as a fully producing oil company with all the benefits that brings to the company/investors.
3/ A12 side-track about to completed with flow rates of approx’ 1000 bopd
I get a lot flak via email for never giving out buy or sell rec’s. So I’m going to break a rule just once and I don’t do this lightly.
Investors moaned about the lack of a production Licence it’s now in place! Investors moaned and jeered about A13 problems they’ve now been resolved.
Investors are still moaning about A12 it’s about 10 days away from successful confirmation.
Matra Petroleum are a GLARING BUY! It is staring investors in the face and most can’t see the wood for the trees.
Gone for Lunch.
NB* Research your investments and take responsibility for your investments. Numpties always Blame others. Stay away from listening to chat site rubbish or you too will become infected with the Numpty virus.