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I know Mr.P has crunched the potential numbers here a few times but Jesus @ 120bucks a barrel things are crazy... how can we be at the ridiculous £40 mcap we are!
If things get more heated in the east Oil could be @$120 by the AGM!
Just need MB to RNS all is on schedule here and the “advanced negotiations” from Dec are concluded. That RNS combined with the current Oil price will have a dramatic effect on the SP…hopefully is just days away.
https://markets.businessinsider.com/commodities/oil-price?type=brent
Tim helmet time, until sanity returns. Yes a buying opportunity across the board if you have a longer term view. ATB
An opportunity to purchase a few more maybe
3-5p more like in H2. If we don't get a rig our oil will be worth the same in H2 as it is now.
What does the board think the impact of Russia invading Ukraine will be?
Good question about why the re-rate.
Been going through the Asset valuation derived by Progressive analysts who have provided very detailed 'risked' valuations for different parts.
Just for Heron base case & upside is valued @ 18.5p using $60/bbl price.
Current Oil price around $96 is 60% higher than $60 giving revised valuation just for Heron @ 30p
At $100/bbl or higher....it would be even higher.
This is trading at a Massive Discount to derived Asset valuation just for Heron.
Thanks Fairanalyst.
Yes I suppose there is a lot of factors to consider. Will of course be delighted to reach those dizzy heights in the medium term.
I'm a LTH and looking forward to the next bit of news from MB. I've seen talk of a significant rerate ( seen 30-50p) mentioned here but I am intrigued as how some here have got to that figure. I'm putting this out to hopefully better understand a bit better, because I'm also invested in HUR ( a producer ) and they fluctuate anywhere between 3-7p ( I know there are double the amount of shares in issue) despite the current oil price. So why would we be 30-50p ?
Call it blessing in disguise. Heron oil production coming online in a continued higher Oil price environment for coming years.
Current MCap clearly lags way behind previous peaks of 38p and over £2 when we had less shares in issues. Even today we only got 898m shares unlike 15-16 billion shares like other oilers.
Upside here is huge from current lows. Just a matter of time when MCap adjusts higher as operations get underway.
Brent going up and not likely to come down anytime soon.
Incredible value for money and definitely under the radar for now..
Bit of volatility here and there in broader markets as expected with geo political situation but need to stay firmly focused on your investment case.
Outlook for MATD over coming months/years looks extremely bright with accelerated revenues from Heron Oil production at +100% growth rate year-on-year as production ramps up.
Exploration upside for MATD is equally explosive from both Block XX and Block V.
9.30% spread !
Ended 21% lower for some reason !!
I can hardly wait to get excited....still waiting though.
ATB
We about to enter busy news flow period in 2022.
Next 3-9 months should be very exciting here.
That aged well….
6.9 cents = 5.08 pence
everyone. I'm back in and will be a lot more patient this time as long term, this seems a no brainer from these levels GLA
Buys have over taken the sells for the first time today
great comeback here.... blue by close will be nice. ;-)
Mr Positive - Just out of curiosity, how much you invested in here, i know you are in TRP & ORCP
Welcome back.
Yes mate fully funded +US$10m in the bank.
Heron Oil sales should bring in very strong cashflows in a continued High Oil price environment.
Broker valuations at $60/bbl are @ 29p
Oil heading over $100/bbl.
So you can clearly work out the Investment case.
Please DYOR.