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Ignore this idiot. Totally plank !!!
Don't reply to his comments with HIS header
Oh and they always have - verbal diarrhoea!!
GKP - I have seen a few boards referring to GKP, I don't know their success story, could Matad be of similar success?
Good post
Spot on Lenoman . Nathan91 can't possibly research properly given he's posted/ commented on 14 companies in last 30 days!! Scatter gun Traders !
We used to call them " freeloaders" wanting to join in at cheap price.
Switching away from Nathan header he started.
200mmbo was just for Heron-1 which flowed at 821 Bopd naturally to surface.
60mmbo recoverable for Heron-1 @ 30% rate.
Gazelle-1 discovery - Company ran out of time to follow up on as they got busy with Heron-1 Oil discovery back in 2019.
Overall estimate was quoted around 600 MMBO back in 2019 without adding any other prospects that we have in Block XX.
Valuation here is upwards of 26.7p analyst target
Mark my words…. This is GKP in the making!! Hold tight and enjoy the ride.
SOCO sold their Block to PetroChina in 2005. At that time oil was around $40/$50 per barrel and that was very much a high at the time. Previously, oil crisis excepted, oil had not been above $50 per barrel and not above $40 before 2003 and not even above $30 before 2000.
All in all, the SOCO sell was a huge giveaway and not one I would like to see MATD follow. Most of the payment to SOCO was going to be much later as it depended on long-term production figures but what the deal did not seem to take into account was the huge increase in the price of oil that started later in 2005 and has continued ever since as the link below will show. SOCO would have done much better keeping hold of the asset.
https://www.macrotrends.net/1369/crude-oil-price-history-chart
However, taking into account the current price of oil the value would have to be twice the SOCO deal and higher than the the 26p value that keeps being quoted here.
Nathan91. June 2023. Progressive Equity research value this at 26.7p (that is after Veliciraptor duster which would have added another 32p)
Perhaps you are beginning to see why this is such an undervalued share. Go on, do yourself a favour, buy in and get rid of your misery.
No the local takeaway
You ought to take something for that Nathan. GLA
Do you mean the stock market leader board - and rising!
No 9 on the menu
Imho wink
09.52 That would create fantastic buying opportunity at these prices. IMHO
ATB
Nathan. I got in at a very low price but I'm not selling as I know the potential. We have just been given the green light to exploit block XX, can't you read? Please don't reply as you either need to buy in, do some proper research or jog along.
Dyor
20p
Thanks Dinger. Numbers spot on, even using £/$ at 1.30!
Although I reckon everything else outside of Heron has to be worth more than 3p? So I’d hope for more than 20p.
I must be careful, I’m sounding more like WOS every day 🤦🏻♂️
Astro, there is a possible 3 billion barrels in block XX. That’s 15 Herons.
15 times 17p is quite a lot :0)
Mid to high 6’s today …7 would be excellent and set the trajectory for next week let’s wait and see
6p should be cracked shortly en-route to 7.30 May re-test
5.90 on the Ask
So 3 x if Petro China buys it.. ha was hoping we get more....
Posted this in May but is more relevant now that Heron has all permits in place.
Possibly worth noting that Petro China bought in to their production sites next to block XX. They agreed a $93 million dollar purchase of SOCO’s 85% working interest in Mongolia with the full amount being paid when 27.8 million barrels are recovered.
We have 100% interest and 60 million barrels recoverable which puts our asset at Heron alone between $200m and $250m for a buy out.
Taking in to account current mcap and exchange rates, a buy out of Heron would be 17p per share at the same deal parameters.
But block XX also has Gazelle and other targets yet to be confirmed so the very minimum price that should be realised currently even if Velociraptor does not deliver should be 20p per share.
Have a great weekend Yaks!
Just read and filtered Nathan91 . What an absolute plum .
Nathan it's high speculative stock just put the money you are happy to lose or win.
90 percent of investors here will not hold this stock for many years i guess...
short-term to med term company has oil and permit so good news. long term not sure who buy the oil or takes over it.