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Hey Ironic not quite sure if you are genuinely interested or a deramper but it is true we have a lot of dusters in the past the reason for it was drilling too far away from the source kitchen and also because the company kept drilling in the same location without testing them first, so it might as well been 100 dusters... and that was followed by two wildcat dusters, why didn’t we just drill our prospects in block XX first I don’t know either but now iam excited for Heron - right in the source kitchen and few hundred meters away from producing well on the same prospect. RMP had like 20 hits around their area (few tens of km) but different propects and it did not help much did it ? So duster or hit does not matter in history and in different areas
It's not the weather that bothers me, if anything that seems to be warming up nicely. I think I'd done enough research that helped me make the decision to hit the buy button for my shares in Matd. As for management that is a completely different kettle of fish now, "Mike wasn't in charge". Things do appear to be in hand for permits and contracts for 2 rig drilling. Yes 13 dusters in the past, we are now embarking on something that could potentially be life changing for some of us, with this 75% COS seems to me I have a better chance with Matd than winning the lottery. So looking forward to hopefully a very prosperous 2019 and a very successful drilling campaign. GLA
I saw a program on France 24 tv on Mongolia and Ulaan batar.An awful city with 170 times above safety levels of pollution.When we hit oil maybe we can help the good people of Mongolia who haven’t had a decent leader since gengis khan.Also please no more talk of a placing ,we’re fully funded for this year.
Ironic: Once the war is fought - everybody seems to feel fit to be the general….would've, could've, should've. At this point today - in hindsight - we all agree that the "best chance drills" should've come first. There are strategic reasons why that didn't happen and today - now that we know the outcome - I admit that I wish PM would've decided otherwise. But here we are and are facing what I would call a drill programme which is more promising than anything PM has done before - finally!
Buyers seem to have started to buy again.There could be a late surge this afternoon as people realise that there could be a RNS with some further information coming out next week and would not want to miss what could be a large spike in the share price
Mike Buck prefers to communicate when there's actually something to communicate. The last RNS was - from my POV - solely for the purpose to bridge the news-less period until that happens. I have no worries that the next RNS will have substance and I also tend to believe that will happen before the upcoming conference end of March. However, if PM's negotiation counterpart(s) should be using that event to improve their negotiation position I assume Mike won't give in. Good to have Mike Buck on board.
Another surprisingly slow day here and quite frankly I'm gobsmacked we are not way into double figures right now. MB could do with updating us with how ops are proceeding.... No news leaves Pi's to their own devices and we all no where that leads!!
Oh dear Mister P you're up to your old ramping tricks again...
Block IV & V...from the RNS The current exploration terms of the Blocks IV and V PSCs are due to expire in July 2019. As the Company is sufficiently encouraged by the results of the 2018 drilling programme, we are currently preparing documentation to apply for two-year extensions on both blocks. As both PSCs are in good order, with all financial commitments having been met, we do not expect issues to arise with these extension applications.
Rig Tender update from the recent RNS We are still targeting a second quarter 2019 spud in Block XX and the exact timing depends upon finalising the drilling contracts and the speed with which the drilling contractors can source key materials and mobilise. We will provide further updates on this in due course.
Not all permits approved...The stumbling block here is they need herder permission - if this was easy why did they mobilise the CSR team to work through the issues with the natives?
The 75% COS you blab on about...the proof will be in the pudding...After all 75% of a duster is = 75% of Sweet FA
Yes, we know all about last years issues.
Market re-rates on future outlook.
Different ballgame this year.
* Permits already in hand.
* Rig contracts in final stages. So much so, that they want 2 Rigs on the go simultaneously.
* Appraisal well with 75% cos given they drilling about 500 metres from producing wells.
Well let’s hope they get the rig mobilised and visa sorted for the workers before mike stitches us all up with another dilutive placing I think every investor in or on sidelines is worried that Mike will place. Surely he wouldn’t do that before we know the result of Heron but wtfdik. May buy more if it drops back to 5p. Seems to be sellers at 5.6/5.7p
Jimi, Its not the weather that you need to worry about...Its management being able to get their sheet together to obtain permits, Secure rig contracts, worker visa's etc. & hit the ground running for mobilisation in Qtr. 2....I'd be surprised if they are mobilising prior to May TBH...
Don't believe me? Just read last years Operational updates for some background