LSE:MATD   PETRO MATAD LIMITED ORD USD0.01
1st Target 19.42p

Entry: 10.81p

Profit over 85%

Market Cap = $87.49m
Wild Horse 290m barrel discovery NPV10 projected* estimate of ~$2.5 Billion
= 28x required to reach NPV10 estimate for Wild Horse

last week of Q1, 3D soon, Rig mobilisation and Drill updates due probably this week.

Key points:

1. Mongolian Government is in alignment with #MATD* with:

Desire for energy independence
$1bn Indian loan for O&G infrastructure
Oil Refinery capacity to fill
PSC Terms

*Think permits: friction-less government interactions, especially w/ Petrovis (28.1% sh)

https://www.youtube.com/watch?v=oL9rbvLA...
MartinFilm 2018

Comments

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