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aspers must be the fifth time you have mentioned 5p If your not currently invested then don't comment. If there is a long delay and we don't drill this year then I will welcome your 3p buy
Well aspers you never know what can happen... Personally the only way i see this dropping anywhere near 3p is if there are long delays in rig/crews/permits/local trouble announced..
On the other hand if all goes to plan and Heron comes online then 30p if far more probable!
Bigbench…………not me, still waiting for my 3p buy. It will come, believe me. Oil is worthless sitting in the ground.
Russia under a massive squeeze. A prolonged invasion in Ukraine and fossil fuels will be heavily in demand.
Agree 100%. This should have been up +15% on Friday not down.
MATD always moves higher next few days AFTER the RNS is fully dissected and understood.
Brent crude surged past $105 a barrel in overnight trading on Monday, nearing the peak seen last week when it hit its highest level since 2014.
Id guess those who panicked and sold out last week in the 20% dip are now panicking again and buying back in.
Remeber most trades over 200k won't show until later.
up at 4.25
Super solid and ready to move back to mid 4's
6 bagger capaple from here.
GLE
...Well its the start of another week ..Last day of Feb ...and another day closer to Mike giving his presentation on the 8th. Got that feel good feeling inside me... and no its not wind! ;0
4.14 paid
Steady progress being made. Patience is the key at the moment. ATB
https://www.marketwatch.com/investing/future/brn00?countrycode=uk
So many times a company release RNS that have to be almost cryptic due to compliance. They then have anything negative highlighted, the share price drops only to recover as understanding starts to sink in . The RNS from Friday is very positive and broader explanation will be given during presentation this week . I fully expect us to have a far higher share price by the end of this week than we do now .
This should be back over +4p with another crack @ 5p soon.
Derampers deliberately post 'negative' headers for posters to keep replying to it giving them even more coverage. DO NOT REPLY on ther -VE header.
Start a new positive THREAD.
I think this will start to build again this week barring any news coming out of Ukraine. It was clear on Friday the appetite is there for matd after the initial drop.
There is still plenty of time to sort out rigs in time for drill season. Will be interesting to see what Mike Buck has to say at the lse webinar on 8th March. I suspect he'll clear up a few misconceptions and then we can look forward to Heron producing in Q2.
Aspers you are welcome to your negative views and your right to air them but airing them 3 times since Friday suggests to me a deliberate de ramp in order to get your hoped for 3p re entry. Unpleasant but that's the modern world.
aspers, fair enough with your view, i however think you may have sold too early. if nothing happens this year i agree it would fall back to 3p, but the RNS although not worded how I would like suggests Heron for Q2 and oil to be tanked to petrochina
Heron 2,3 appraisals Q4, and with DQE sniffing around no doubt the velociraptors will be on the radar to drill next year, funded from our own oil, DQE part funding either as JV or farm out.
Clearly states in the RNS all the equipment is in the country, and the 'delay' as such are the rig workers due to chinese covid laws. They even stated we have negotiated a discount on the rig then what we paid in 2019 when we discovered oil at Heron
market cap is only 35 million pounds and in my opinion with where we are now and fully funded for this years program, significantly undervalued.
anyway I am glad you sold at a profit, that's the name of the game anyway, and good luck at SEE
I for one am happy to be patient here.
GLA
Jollifant……..you are welcome to your views, I did take some profit on Friday as I really did not like that RNS and needed the cash to top up my SEE holding which I feel is about to take off. .I guess only time will tell if it was a good move or not. Good luck whatever and do not forget these BB’s are for all to air their views be that positive or negative.
Aspers that's your third post repeating the same mantra. There has been no delay RNS. Heron is on track. Other positive news in the RNS. You sold at Fridays low and now dismayed the sp recovered to 3.9p. Your strategy is so transparent.
Wasn’t it DQE that drilled gazelle and Heron 1 for MATD. Great rns I thought and Heron 2 and 3 were planned to be drilled in q4 anyway so not sure why so many negatives. I don’t think the match oil to Brent bit has been updated on unless I have missed that and any ideas what we could be looking at transport costs of trucking per barrel prior to refinery link, cheers all
As the delay RNS’s keep arriving I am sure we will see a slow drift back to 3p. Too many unknowns still I feel that may hinder any further rise in the share price.
MATD have been fully funded to bring Heron-1 well to production in H1 2022 with additional wells Heron-2 and 3 planned for H2 2022 anyway.
However DQE proposal has now created a very interesting angle here. With years of experience operating in Blocks 19 and 21, DQE provides full suite of services.
This is evolving like very similar (if not exactly same) situation soon after SOCO first discovered oil in Block 19. DQE got involved from the very start and soon after their parent Company Petrochina offered $100m to SOCO to buy out those blocks. Oil price was around $25/bbl around then if i remember correctly.
Interesting thing now is that Oil price today is around $100/bbl and Heron-1 flow rate at 821 bopd is higher than SOCO 500 bopd back then.
Get your imagination working and put on your hindsight Cap to work out where we headed.
sorry typo 35million market cap still way too low