Investors taking positions at Matra Petroleum
Investors will now again take their positions ready for the much awaited oil flow results, Which matra say could be up to x10 fold more oil to come in these new flow results for A12 & A13, so we could have a total of up to 1500 bopd combined from both wells. This could see a large spike to double figures for matra petroleum and those long term investors who have had to go through the mill many times with matra where it is fair to say have had more than there fair share of problems will hopefully now soon get there rewards for their patience.
From now until the release of the new updated flow results I can see investors pouring in their droves pushing the share price up.There will be still some wanting to sell and move on as some probably do not believe matra will deliver after many delays and its fair to say matra haven't delivered on regular updates to there investors and have kept them waiting and waiting and some get fed up with little news which is where bundles of patience is needed for this share as I personally believe that the board at matra are listening to the calls for more updates and will address the matter of customer relations and try to get investors back on side soon.
What investors need to believe in now is the fundamentals of matra as nothing has changed on that front and I personally believe that we will see matra deliver great updated flow results of up to 1500 bopd for A12 & A13 sending the share price north from where we are now as it is fair to say matra petroleum are massively undervalued for someone producing oil with a 20 year licence,more oil to come and future drills for the patch reefs.
My predictions for matra
short to medium term 7p to 10p
Long term 20p to 50p
More news on matra petroleum will follow soon.
Wouldn't want to miss this ship when it sets sail very soon from now, Time to fill your boots and await the new update for flow rates which could be as much as 10 fold more as stated in previous news from director Peter hind.
ReplyDeleteWe could see double figures at matra petroleum if we have over 1500 bopd from both wells,current sp is 3.34p so could look forward to a multi bagger on updated flow results.