It is thought that A14 drilling approval is on the way. A-14 has a target depth of 3850 metres, will take 120 days and cost USD $4.5m. Despite all the bad luck with A12; A14 development well, which was meant to spud in November will now be expected to spud in February. Matra expects to realese the initial results in early June.
Matra are looking at debt facilities and are not short of offers in funding the A14 drill - Success with A14 will certainly multi-bag the current share price.
You decide!!
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