Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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I just open screen and think okay. I KNOW price should be higher & have confidence will be. Why?
Few thing but wayvtgey all fit together as well.
"This important step has been a very long time coming but now provides a firm legal standing to the company to execute the approved plan of development for Heron AND to explore the exciting potential AROUND IT"
What is this? Extension into 2 Billion bbl PROVEN & IN PLACE oil in Tosun Uul Basin.
Fast track development / Revenue with DQE partnership (to be confirm) with RNS expected.
Start of quick workover of Heron with RNS expected
Near term Renewable revennue with RNS expected.
What I think hold back price little bit is V1 news. People think what if duster maybe get cheaper. Think people also forget how many other look to buy when they sell.
Lot can see potential so short term reaction will be replace by longer term price growth.
Also mr Professional say something VERY important some people might miss. This share will shift from small holder to larger investor.
Explorer to Producer
This will take out small holder so like mr Thornogasson post at 15:51 say with good insight. Trader logic will not stand when large holder start to step in
All sign there & did say mr Buck is brilliant strategist with well funded company & partnership for development with offtake.
REVENUE COMING & PRICE EXPECT TO GO UP over coming weeks/ months
Buy sell or hold up to you. Happy jet to unlock revenue & growth have arrive :)
Finally a broken clock - MB showed the correct time. But, there no reason to get overexcited. Yes, SP was already much higher than today's just in May and without LP. The real achievement for the company will be if MB does not lie again and starts drilling Heron this year, as he promised, turning PM from an explorer into an oil producer. If this promise is not fulfilled and another year is irretrievably lost, then all this growth today will be blown away like a burst balloon. Not to mention all of the negativities if drilling V turns into dust. Therefore, the key to real success, as well as the value of the issued PL, is to immediately resolve all issues and start drilling Heron just this year.
I'm looking forward to the next RNS telling us we have oil at V1 and we are mobilizing to spud V2, now that would be an RNS, here's hoping š GLA
crazy to think this was at 7p a couple of weeks ago now we struggled to close over 6p with lp couldnāt make this **** up
I look forward to the day when they announced we got oil out of the ground!
20% rise everyday until V1 update is good for me. With a positive V1 RNS another few hundred % increase will do just fine for starters.
20% rise per day would take us to 17p by the end of next week. Iām sure many would be happy with that for a start.
Donāt have time to read all the posts, but Hamm is correct. 50% or so is a great start.
And that is it - the start of the re-rate. I wasnāt expecting a 15p re-rate on the day of the LP RNS. No share behaves like that.
Fantastic day, great startā¦ more to come. Weāll done all that held.
Read the presentation LesMouches and you will see how Heron will be funded.
LesMouches. Yet there is an extraordinary demand for flying and importing goods from places like China who are getting back into gear after Covid and need plenty of oil. Heron is on the Chinese border, even using second-hand tanks to put the oil in from a Chinese oil company.
Oil is not the main problem the world faces, countries like Russia are.
All the market is down but MATD is 60% up says it all.
That is great great interest guys.
Stop talking nonsense please.
Just one way and that is up.
Booooooom.
The wider market is taking an absolute battering today down 170 points or 2.3%... i have no doubt we would be @ 8-9p if the wind was with us and not against... so I'm not concerned at all with only a 50% jump today... many were caught out today as there was no leak or massive trades before todays news ...many thought it was still weeks away.
Closing in on TD next week...one sighting of an oily Yak and we are well into double figures.. with all that we have ahead of us regardless of V1 being a gusher or dry well i think 6p it a ridiculously low entry point and the market will adjust this in time.... il be pumping more cash in next week for sure.
Les you dont know much about the location of PM. Its straight forward as get oil in to a tanker and off to facilities 10 miles away
76 million traded.
That's the interest here.
Where else in the markets is going to move like this ?
What ultimately forces the markets hand is ongoing, increasing and rising revenue streams.
Petro Matad now have the means to achieve this, increasing, reliable, Heron oil revenues allowing them to commit to the Green Wind/Solar energy development plans.
With regular and increasing income, limited overheads, a favourable tax environment and the prospect of regular generous dividends the investors will come and the share price will find it's true level.
It's still early days here which given the long wait to get here is rather ironic.
LP has been the major factor and we have it secured. The rest is all bonus.
This is an amazing entry level or top up considering that we have LP and funds are all ready.
One way and that is surely up regardless.
Well i bloody well hope so 10 % - 20% up tomorrow , the only people that seem to have being any money on any Aim shares are the shorters and 10%`s
'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.
The certification of Block XX as special purpose land gives the Company the legal right of access to the entire area for the purpose of hydrocarbon exploration and exploitation.uction likely to start up any time changes this company at long last. '
Already have 5k of stock to scared to add more...
Fully expecting a further 10-20% tomorrow as the news spreads and commentators have their say... house broker should be pushing this like never before.
If you think it's worth more than 6p, as I do, and you have the funds then buy some more.
This surely is a bargain basement safety net of share price? Only up from here?
You've been the most patient investor I think I've ever seen Ojay, others are less so and are happy to take todays profits whatever they may be.
Perhaps they're thinking Velociraptor is an 80% chance of finding dust with an SP fall?
Even if this happened the share price will recover and rise on Heron news, plans and progress towards oil production.
And there's a better than 20% chance that the Raptor Trend targets with strike oil.
It's an ideal time to be a long term holder at 6p.
Bring on the oil, that's what it's all about (for now anyway).
Iām waiting to see after hours trades reckon there might be a few big ones to land
Mb should not hesitate about paying over the odds to get heron up and running this year.
I think its possible to get heron 2 in the time frame.
Exciting times
There's no choice but for it to push forward :) V1 update is literally around the corner :) any day now.
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.