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L2 is very strong. Buys are rolling fast.
FOMO is kicking in knowing if you miss you have missed it for good.
Potential massive. There is no risk anymore.
RNS will be rolling soon.
Enjoy the ride.
Heron field development plans, timelines, costing and funding options and likely production figures will shift the share price.
If you've held and waited for the land permit I suspect you'll be happy to wait a few more months, because that's all it's going to be.
Everything else is a big fat 'Brucie Bonus!'
Yep for me the LP now secures the company, now can take a break lol, wait for the drilling and production and rerate of the real share price
Short term what happens to share price I don't care,
Velociraptor still a bonus here
Lot of newsflow to come on Multiple fronts.
DQE will fast track the multi-well Heron programme now that Land access been granted.
V1 getting closer to TD.
New Blocks assignment confirmation. From memory it was either Block 6 or 8 that MATD applied for in the South close to Inner Mongolia near those giant Multi-Billion barrel producing Oil fields.
Far too much news around the corner for this to be in single digits. we should have already surpassed 10p. the wider markets took a hammering yesterday which didn't help. today, hopefully, will be better with the wind behind us pushing us forward. GLA
this has GKP written all over it!
Be good to see that Hamm and i have no doubt thats where we should be or even past that right now but we know the market is fickle at best....high 6's or into the 7's will keep a wry smile on my face... until MB drops the mother of all RNS's with Oil shows @ V1 ;-0
Bigbench absolutely agree they are trying their best and no thank you 😎
This has got massive potential now imho the LP has landed.
Someone mentioned gkp yesterday who knows in time maybe, god I made some money on that share, here’s hoping gla
If they want stock they will have to raise this quite a bit to tempt sellers to part with stock... not much in free float id bet and just a few chunky buys will have this ticking up nicely
8p today easily.
Mms can't hold it back anymore.
Next week double figure.
Mm's messing with the spread @8%... jokers! They can play all they want they wont be getting any of mine!
Someone trying to pull the wool,,,,, sell 5.67- buy 5.96 just saw
Million bought already.... looking strong
Yep could well surpass that if the markets are calmer.... as mentioned 10-15% today and il be happy with progess
From RNS June 20th 2023.
Block XX: The Company continues to target having everything in place to get the Heron-1 well onstream as soon as the land issue is resolved by the government. Pumping, downhole completion and power generation equipment and power control systems are now all in country and ready to be mobilised and installed at Heron-1. Production tanks have been sourced from PetroChina. These second-hand tanks offer a cost-effective solution to achieve rapid production start-up and have passed non-destructive testing to confirm integrity and suitability. They will be relocated to the production site where installation fabrication and electrical work is planned once access to the production site is obtained. The Company and MRPAM discussed with PetroChina Daqing Tamsag, the operator of the Block XIX exploitation area and facilities located immediately north of Block XX, options to process, export and sell Heron crude during the initial phase of the Heron development.
Negotiations with DQE Drilling (DQE), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling and completion programme is in the final stages of discussion. The contract envisages a reduction in drilling, testing, fracking and completion costs compared to the previous drilling campaign and includes some deferral of costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract once finalised will require MRPAM approval and discussions have now begun. The cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related.
Many will but for FOMO could have v oil rns on Monday
All we have here... wrapped up in a £63m Mcap puts it into perspective...6p has nothing priced in as far as I'm concerned so the potential upside here is absolutely massive.
I don't normally take much notice of investor mags views...but in this case they are on the ball and that is where we should be right now, let alone when V1 comes in. Be good to see another 10-15% today.
So give or take a bit for organisation we could see oil by end of August gla
I'm off the the gym within the next hour, see you down there WOS for a few circuits.
Let's hope we don't bump into Bad Prophet he would probably predict that the swimming pool is going to leak, the Sauna is going to turn into a freezer and the weights will become brittle and the wires on the equipment will snap.
I have been with PM since 2017, hold 600,000 plus shares at an avg price of 4p. I kept the faith and now the rewards will be great even if Raptor fails on the first drill.
Says we should be at 17p
From the RNS
The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land.
In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.
Wiseowl can you put a lnk up? thanks
To do the workover i think only a crane is required. But to drill heron 2 he will need a rig . If he can get hold of either Dqe or Major to drill heron 2 , that'll be amazing.
Mr Master
Think Heron workover rig contract all have been arrange & ready for go ahead. Did hear in interview.
Before someone ask Mr Buck did answer question on Petro China talk about share of facility. He say "very constructive & helpful with good relations". Also did say Mongol Govt own actual land so on "both sides of discussion" so does not see any problem with this (all know what some BB poster like ;) ).
Any takeover approach will have to be at right price to reflect value & for shareholder (also in interview because I watch them all lol).
Mr Dockerman I will thank you lol. I do not watch screen because know what my target ROI is (triple figure SP like I say plenty time & investment timeframe).
Easy to be happy in shopping or gym lol & now all land issue uncertainty gone. Just wait & watch development / price grow :)