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Lucky you managed to add some. I can't get any quote/price!
Impossible to buy I can say.
..and Oil knocking of the door of 86buucks... perfect time for news ;-)
...my 120k @4.40 is a buy...100%
Walked up on sales, looking good for a push north
RNS was two years ago the world was a different place immediately after pandemic. We're now two years on just MBs word and I don't doubt it but what if DQE now busy elsewhere what is our plan B and who buys the oil that is question here. I You can not spend two rekyintin one string to your bow.
“Answer clear when you listen to all interview with mr Buck…
…If you cannot bother to do RESEARCH yourself that is your issue & please FILTER. “
So deaf as well as dumb then. If you think believing everything Mr Buck says constitutes research then you are more stupid, naive and INEXPERIENCED than I already thought!
Take some of your own advice and filter me.
RNS mean company move to production / revenue / growth.
Investor share and not trader share then. Will be happy for this as investor 🚀💰
Which ever comes first I will re invest in the other that's my strategy
Maybe good to remember major derisk happen with Cabinet APPROVAL of Land Access.
Petro Matad ALREADY in discussion with service providers at 6th July RNS for Heron operational start which mean they have very good idea of timeframe. Lot of detail work out before this
Only matter of time (think days) before Operational RNS with multiple news content (new block etc).
This should multibag straight away then with move to first production & Block XX extension development.
Make own investment decision but all mine base on official RNS & good intel. Not BB traders ;)
Answer clear when you listen to all interview with mr Buck.
DQE very interested and did APPROACH Petro Matad (not other way around). Deal very good for them as well.
Mean very FAST & CHEAP FULL FIELD DEVELOPMENT.
If DQE was not there then full field d elopment would be less fast but still low cost per well with Mr Buck say production revenue still pay for expansion.
Remember est 3 BILLION Toson Uul Basin extension plan at SAME TIME as Heron with est Q3 2003.
Mr Doc I do not care if you have interest in my answer. My research & post is not for you but for one who really have interest.
If you cannot bother to do RESEARCH yourself that is your issue & please FILTER.
Be happy 😊
PS the Annual Report said that the Petro China deal had to be approved/signed by MRPAM so that's another step to be factored in, but they are attending the meetings so assuming things are being approved along the way maybe
How about Major Drilling and financial backing by Government to develop the Heron field??
That's a very good question without them there is no China link.
Out of interest, what would be our fallback if DQE decide to renege on what might have been agreed at previous negotiations, but has yet to be signed? I’m hopeful of us seeing a positive outcome here, but to me this looks like it is the next potential hurdle.
WOS - please ignore this, it isn’t for you to answer as I have no interest in your opinion.
Ojay - I tried the other ploy for 20 years. No joy there either.
I am still very hopeful but this is obviously a far slower burner than any of us thought. 6 months ago the LP was a given now we are six/ seven months on and still waiting. Godot will arrive eventually i hope.
But because of these hold ups delays etc i think the SP will take time to boost.
On news of the LP being granted or approved this share should double possibly reach 10p in about 2/3 days.
If at this point we have not heard anything of DQE agreement then it will start to slip back and probably fairly quickly so within a week of the LP and no news / RNS then we will be back at square one.
However should the RNS come fairly quickly then depending on the RNS this share will move up to around 15-18p within the week after that. These are all my feelings and no substance. Again this will be based on the news of the number of wells and the detail of the deal with DQE. IMO anything less than 6 wells will be disappointing anything over 10 would be good and anything over 15 will be really good. Less than 6 we drop back to around 8p until the oil starts flowing and there not any problems with the locals. Between 6 -10 wells we remain at 10-12p until the oil flowing etc.
Over 10 we should get to between 15-18p but again based on the oil flowing and money hitting the bank.
however once the oil is flowing on hopefully >15 wells and we prove up Gazelle (i think it is) then this share really should take off.
We have relatively few shares in issue and a lot of those are in very sticky hands. Share issue of 1113.88 000;s a SP of 25p is only a market cap of just shy of £280m. or (exchange rate 1.30) an amount of $360m dollars. Or assuming Gazelle works out at 2bn barrels plus the 200m with Heron that gives approximately 16cents a barrel i would say that is being very conservative. I accept that not all barrels are recoverable but assume just 20 percemt recoverable that would give 82c per barrel quite frankly this is the best risk reward i have come across for years and it about time we got some reward for our risk.
But if the LP does not come then this share is about worth confetti paper at the next wedding i go to. The upside a minimum 10 bagger from 4 p to about 40 p and down side from 4p to nothing worst case scenario.
Doc - why don't you try it the other way around?
Manx - the reverse psychology ploy doesn’t work. I’ve been trying it for two years.
Good posts yeeall!
Perfect for silly season.
Thank you and bad luck to us all.
I'll buy a few at 3.50 & hope for the best. With a low SP MB will probably have to tough it out with the cash he already has or go under.
BTW: @1p/share my investment would be worth around -70%. That's probably not as bad as other investors!
So let me chime in to this scenario:
The path we are currently pursuing will lead us to investors' hell. If you can get out of this share before it hits 1p consider yourself lucky.
The good news is: We can all get together at a 1p party - how's that?
Yeah
We’re all Doooooomed Captain Mainwaring !!!!
In the interest of getting some positive outcome soon and on the understanding that every hope seems to have the opposite desired effect on so or none statements......
My new hunch is that we will not get any new RNS' for at least four years and the share price will crash to 1 p from tomorrow!
Let's see if that does it!
Mumbo what is the capacity of the plant coming on line from Casa and Casa deep. You are in PRD so will have had feed back from others who are in PRD and TXP are they not.
Was not Casa 1 when tested 8000 boe and 1000 of liquids, same with Casa deep, both wells had very high pressures so have been choked down. The plant coming on line designed to operate at 200 million cubic feet per day, equates to 38,000 boe per day. I believe initial production test will be in next RNs 9k boe with 3k liquids. Casa C and D which need to be drilled then take plant to max capacity. Add on current production old wells and Coho adds another 2k per day. I have not bought in Royston 2 as this being tested as we speak and Royston 1 is 1.5k liquid with a 40/60 water cut.
Along way in front of Heron to full production in 2031.
The point was being made of a quick profit in TXP for those here, not saying invest.
As you know PRD and TXP are long term for dividends.
Straight back to Nitpicking? No big surprise sir!
Be happy 🌞