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Mongolian winter period end in May
Hiblue
Why does the drilling season not start till May at the earliest ?
yep normally a good sign when derampers post. they are not posting to save ourselves from a financial loss are they?? good fair analysis FA as per usual, and yes for a potentail 1-1.5p drop on a years delay to +25p gain at best this year, it does make investing at these low levels (35 million market cap) very attractive
holding 1.3 million here from 3.07p to as high as 4.69
Always a good sign when the idiot de rampers show up.
I find it comical that so many people seem to be writing off the whole years worth of drilling operations by March 5th.
The drill season doesn't even start til mid May at the earliest but can go on into November.
So transparent when people have sold and want back in cheaper.
I would imagine the same disappointment you feel every day when you wake up.
what happen if we are delayed for drilling, and we missed the window for this year. shame if we have to drill next year instead , sp will drift back down to 1p.
Exactly ID78: Investors with their heads screwed on right expect extracting, shipping and selling oil this year.
Completely agree, BP.
Putting a hole in the ground and hitting oil = high risk
Extracting, shipping and selling oil you have found = low risk.
All the best
Guys - putting hole in the ground is a whole different thing from extracting , shipping & selling oil. Calm down, expect some sales in 2023 & maybe profits in 2024.
AND........
AND....
Brent is $120 F me
Book a rig for F sake ;-)
Jodo
There was only £500 worth available towards the end. If you were unable to get a Buy quote for an hour that would suggest to me MMs must have been busy trying to fill a big Buy order.
I’m seeing 3.90p as the support, which is where the SP ended today.
Looking forward to next week.
//Horsers
I asked Mike Buck 2 direct questions.//
Presumably your qus will; be public if he deigns to take them - what are they?
Horsers
I asked Mike Buck 2 direct questions.
If we get even a hint on 8th March, Q and A session, then we should all be well and truly sorted for 2022 and beyond.
Sticky fingers hold most of these
I can't get a buy at the offer price for the past hour.
Anybody else?
Grogers
Nice summary. Agree 100%
//Be interesting if we get an RNS Monday morn... the day before the presentation... That will catch a few with their pants down! ;-)//
Is there no end to your fantasies?
Be interesting if we get an RNS Monday morn... the day before the presentation... That will catch a few with their pants down! ;-)
Having a cup of coffee with a spare few minutes so just sharing my thoughts.
With everything going on in the world at the moment it is no surprise that the market is volatile and we are seeing red days across the board, however, the sell off this morning (bouncing back now) just seemed crazy to me when we are so close to Q2 and have a CEO presentation next week which will clarify and give further details on the information provided in the last RNS.
How Matad at this stage can be valued at less than 40 million is beyond me but I’m happy to take advantage of the low SP when I can.
Matad’s highlights currently are:
Proven flow tested oil strike.
Exploitation licence granted.
Fully funded for 2022 drilling program. (in advanced negotiations with drill contactor for Q2 start)
Been approached by major oil company offering to help with drilling program (urgent negotiations ongoing for possible Q2 operations)
Compare that to a company like 88e who have never found a drop of commercial oil, dilute share holder value on a regular basis and have market cap of over 400 million!
Matad really is due a fair valuation from the market.
All the above IMHO/DYOR
Pray tell Mister P
I just posted 2 questions for Mike Buck.
Ibiza can't disagree with anything you have said. Very well stated
DQE staff are already operating in Block 19.
With DQE looking to get on board our Block XX, they would be drilling lot more wells at Heron Oil field in DOUBLE quick time.
MATD could very easily drill Velociraptor also this year with DQE rigs just like we did at Wild Horse and Snow Leopard. 3 raptor targets with 600Mmbo.