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FA. RNs would need to come in next 7 working days what leads you to think this is the case. Or just your gut feeling?
And where are the rumours coming from . Bold statement fella
Apparently there are rumours that a placing is being conducted for Block V , as stated just rumours
....lets have a positive RNS to get this moving again...radio silence isn't helping here!
Even at $60/bbl Heron produces positive cashflows of $80m for just 15Mmbo as base case.
At $100 or $120/bbl its even better and we got potentially 10 x more oil.
Looking forward to our share price increasing , steady rises , then news , then re rate as we produce .
Crazy numbers if Oil does hit 150 bucks
https://www.cnbc.com/2022/02/16/oil-could-vault-as-high-as-150-a-barrel-veteran-analyst-warns.html
Brent surpassing $100 a barrel is almost a given at this point, many energy analysts say. Now an increasing number of forecasters predict the commodity surpassing $125 a barrel and even higher.
?Given that you’ve got this underinvestment in capital exploration, we’re running low on physical oil, we’re running short of supply,” John Driscoll, director of JTD Energy Services, told CNBC on Monday. “There is a scenario where we could vault past $120, even as high as $150” a barrel. "
“The market is in what we call a steep backwardation which gives a premium to any prompt physical available oil. We’re starting to sense that demand is on its way to recovering, and we’re looking at supply shortfalls,” he explained.
Driscoll isn’t alone in his bullish call — J.P. Morgan this month forecast oil as “likely to overshoot to $125” per barrel “on widening spare capacity risk premium.”
“Supply misses are rising. Market recognition of strained capacity is also growing,” J.P. Morgan wrote in its Feb. 11 report.
I think that you can donate odd shares to charity
Yes. Bounced very well after testing strong support for last 2 days.
Next leg up in play now with news incoming any time.
Block XX Exploitation licence was granted once all clear was given. We are ready to go at Heron-1.
Block V - we have submitted the Environmental impact assessment and waiting an update on that which is the Exploration side.
Two very different things.
Not sure master82 what your angle is. You posted something negative previously also just before this broke past 4p....get a grip.
Totally agree Master it's a good thing PM are having meetings with them. Thanks for all the info and link
Totally agree Master it's a good thing PM are having meetings with them. Thanks for all the info and link
Wait and see but I’m seeing this as a bounce at the support trend line. Hopefully this is the start of the next leg up.
For anyone interested, the points forming the line are
Dec 16th close of 2.60
Dec 20th close of 2.65
Jan 24th close of 3.42
Feb 15th close of 3.89
GLA
more churn by the looks of things
Jollifant.
It's a good thing that PM are having meetings with locals before the drilling starts.
The Facebook Post are from environmentalists who are not with PM or PC..
These are the people who invaded Heron site in 2019 and stopped the drilling.
Since then PM has had few meetings with them and its all on Facebook but hard to understand what's due to language barrier.
Videos are all there .
Eventually some local representatives backed PM in 2019.
its all good news to see PM having meetings and coming to some sort of arrangements before drilling season.
I am heavily invested. You still have to get local permits otherwise it'll be like 2019 when they stopped the drilling halfway.
So the exploitation license counts for nothing? Petro China can pump oil out virtually next door without problems and with the necessary infra structures in place?
Smelling a rat here. You were bullish until 2 days ago. Did you sell and now sowing fear and rumours?
https://m.facebook.com/story.php?story_fbid=1728828447508652&id=100011445393483
?????????? ??????? ???????? 2????? ??? ??, ??? 1 ????? ??????? ??? ???? ??????? ??????? ??????? ???????????? ??????? ?????. 21??? 12 ???? ????? ?????? ??????? ??????? ?????? ???????? ??????? ?????? ????? ?. ?????? ????? ??????????? ????? ???. ??????? 2???? ??????? ???-? ????????? ?????? ?????? ?????.
A representative of the company visited Petromat for the second time, and at the end of January he met with the local cooperation council. In December 21, a cooperation council was established by the soum CRH. Ganbat was appointed himself. Today, the second meeting is with representatives of the Citizens' Representative Khural.
It's translated.
These people are against PC and PM from exploring their land.
On July 20, 2019, the local company Petromatad (Canada) was evicted by the order of the Governor of Dornod aimag in protest of the illegal drilling of a well in the 20th oil field in Matad soum.
Unfortunately, these friends returned to Matad soum three years later
??????
Let the feet of the great coat of arms
Be the guide of the great migration
Let him be the watchman of his country
# YOUTH ???
Inefficient oil production, 20th oil field #RESIST_
# ????_????_???? ??????
https://www.********************1362301093845544/permalink/5026013990807551/
I'll send you translation
curiouserandcuriouser: True - but that's just doing the same thing to another hapless trader ;)
Jollifant: I've only sold this position - I still have another 700,000 shares with another broker. The reason I sold the 100,000 today is that I didn't understand quite how the direct market access process works - because my order didn't show up on the level 2 at the time. So I sold now that I'm not in a hurry to do so, so that I'll have that liquidity ready to deploy when I need it).
Master any chance of sending me the FB link - tried to find on FB with no luck. Hoping we can see a RNS tomorrow or pre AGM to say all agreed