London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If Ed does mange to get the company to agree to update the website to include the the receipt of the formal and final renewal permit at Snow Leopard as has been eluded to in the last RNS it certainly would throw the cat among the pigeons!!
" we should be well past the previous highs of 35p IMHO"
Exactly...sp was 35p long before expected drill last year...'supposedly' a lot closer to the '3D drill' this year and SP slipping into mid 12p's...the market is very wary of this stock now imo
Hi All, to be honest ref the arrival of the RNS - looking at Terryali's previous message ref his conversation with Ed Westropp of PM's Communications Advisory Firm - please see Terryali's comments below :
I just spoke to Ed Westropp who confirmed that the last announcement is all still on track so I guess based on that there is nothing to be concerned about. He did say he is meeting with the company next week for a full update of proceedings.
You surely wouldn't expect PM to put out an RNS prior to a meeting withtheir Communications Advisory Firm, would you ??? So IMHO end of next week we will possibly get the RNS
Frustration is widespread. But the stability in share price over last month is Proof in itself of the phenomenal Upside that is here vs other Oil explorers.
Mike Buck's own words at London presentation was, "this is what happens when one country (China) explores and other one does not"....after his reference to China's +100 Billion barrels resource.
That is good enough for me. I am staying with MATD for a long time and want them to tap into the potential 90 Billion barrels on their side of the border. Today's sub 13p could be history when I look at the price chart in 2-3 years time from now. I can see this in multiple £££s in next 1-2 years.
Yep and if you look at Rockhopper, the MMs have decided to add 50% to the MCap making it �170M (�60M-�70M) for what??
If that happens here I'd say well MATD are targeting potential unlocking upside to the tune of billions of barrels of on-shore oil with first spud in Q2 2018!!!
Market makers always lower the share price when they have a hunch a RNS is coming. I'm surprised however that volume is so low considering we are getting closer to drilling. For the share price to go as high as last year the company really need to improve the news flow but they may need to deliver a significant RNS that is going to improve sentiment and confidence to prospective shareholders
And if it landed the following Tuesday after next week and one sold out too cheaply one would feel rather gutted. Each to their own. This is AIM and everyone is entitled to press the button whenever they like. We are on course for drilling this quarter so do what you got to do. Mind the last operations update did spell it out i'm afraid. Looking forward to the next ;)
They have maintained Q2 guidance...Only 11 May today. Even news within 2 weeks is good to meet that Q2 guidance as far as I can see. Setting up the drill pad & Rig mobilisation does not take months & months...
It is new and even a bit shocking to me to read your posts. I understand very well where you're are coming from - but could it be that this frustration is temporary and is over within a week or two?
There are many good reasons you are (heavily) invested in PM. Those reasons have not vanished - they're still here. Just like I am. I feel frustration and I don't try to hide it. But this is still - and always was - a holding operation.
No news means the share price drops. I guess it will go under 10p if we don't get any news by the end of next week. The problem is not daily fluctuations, the problem is if they ever starts digging or they have other excuses as always they have done!
I understand what you are saying. However, the last RNS explained very clearly exactly what's going on and what will happen.
MATD stated that they were expecting the land use permit renewal 'within' April - not ...we will RNS you guys when we have it in hand. They said site construction will commence in May - not we will RNS once these works start. They also stated that the rig mobilisation will happen upon completion. I am expecting an RNS with this confirmed and an approximate spud date. Personally I don't think they need an RNS to tell us about the colour of the contractors toilet roll too as someone stated.
The second drilling rig outfit confirmation and an update and the 3D seismic interpretation may or may not be RNS'd separately.
All of the above is getting pretty bloomin' close now IMO. We're almost at the milestone crossing :))
Guys, I would love to be positive but last year experience is too bad to just forget it! I still remember farm in story, good God. Matd has messed up enough, now we need action, and no more excuses. I have put lots here. Seriously lots but getting really piiiiiiid off. They are fast giving themselves all credit unnecessarily I am afraid which is not fair to investern. We need to be informed.
That’s all well and good Mr P but it doesn’t stop their comms guy typing now does it. The excuses are wearing thin. From expeI think Hamm might be on to something. Come on MATD show your investors some respect.
The overall outlook for this company is undisputed and the highest expectations are absolutely justified. What we don't know for sure is whether there will be operational delays and if PM will strike oil this year.
Clearly it's a believer's game at this point. However, I don't believe the PR department can afford to inform PIs that the OP schedule is on track if it weren't the case. Based on that my interpretation of the "delayed" communication is that Mike Buck wants the next RNS to be a packed with all the positive OP status info he can get his hands on. I have no doubt that this will happen very soon.