It’s great to see the old girl finally beginning to crawl up off the floor. It’s not so long ago that Matra were trading at 5p It’s been a tough time for holders of Matra but as ever hope springs eternal as we head into the New Year. 2012 is set to be the year of Matra!
There’s always one stock that I just can’t seem to leave alone “Matra!!!” I keep coming back to it and checking, then double checking the figures,the news, the sources, THE OPINION and as ever I can only draw one conclusion. Matra petroleum are sat on a minimum of 15.1 million barrels of oil THAT’S ALMOST CERTAINLY GOING TO DOUBLE, POSSIBLY TREBLE AND COULD QUADRUPLE! The oil is there, hence why I keep banging on about the company. It’s a question of time before they begin to produce. Expect to see the stock continue to rise and gyrate as we near A13 production with the added bonus of the much vaunted A14 drill. Remember the BOPD targets for full field production are 6/7000 barrels a day. If the company achieve this then Matra will be trading in double figures before the end of 2012!
I declare 2012 the year of Matra!