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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
Ojay, I think all of LTH including you have wasted so much time and money that we deserve something bigger than just to "join the small party". We have to rid away any last year fear and take all of upcoming opportunities in the biggest possible scale, my friend. Just imagine what can happen if we are running away with small profit at the most inappropriate time because of last year misfortune and therefore loosing a big chance again. Yes, we must act with cautions and thoughtful analyses. But in absolutely new situation and completely free of fear of what happened before. ATB to our LTH and newcomers.
Mongolia Wednesday 27 March 2019, -12 to +2 can see things really heating up here soon, anticipation rising, just need this news out the way and hopefully the most important thing this share price to rise to, I hope all LTH's and newbie's reap the rewards that are due, "if all goes to plan".I suppose we'll know soon enough. GLA
Clearly this trading day could've been better. The "chicken sellers" have dominated the trade session with their sell-off strategy. In December 2018 and January 2019 quite a few posters predicted a SP drift until PM would confirm the conclusion of the rig contract and the spud date. Well, neither have happened until now. And still the savvy investors seem to have a fairly clear view of what is going to happen within the next few weeks - my guess is by mid May latest. By then, the investors who believe that PM are capable of striking oil with the scheduled appraisal well drillings will need to join in. Once it's happened it will be too late to part of the real big party. Potential investors: Pls wait a bit if you choose to join the "small party".
Appraisal wells are a different ballgame from the previous Wildcat drills, as you quite rightly state Mr.P - with such proximity to existi g producing assets AND fully paid up multiple drills covered, very excited to see MATD moving forward in the coming days!
This moves without notice....
Current MCap does not reflect that we got $23m cash balance and targeting c.700m barrels overall from Block XX and Block V.
Other oil explorers with little cash and no near term drills sitting on much higher MCap???