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Beowulf?
‘In the Lands of the North, where the black rocks stand guard against the cold sea, in the dark night that is very long, the men of the Northlands sit by their great log fires and they tell a tale.’
Thornogson, you did state that you used to post on LSE under another name.
Care to share?
//I'm the only Scandi here ;)//
Dunno about that - Thornogson could be one of Noggin the Nog's descendants?
Doc, I can't smell anything scandi about them höhöhö
I'm the only Scandi here ;)
Crystal Ball time?
There are plenty of long term holders who could have made fortunes in Petro Matad if they'd bought and sold at the right times, the same is true in most stocks - even the 'dogs'.
Truth is if you sold on Heron permission you'd make money but I think longer term holding would be an entirely safe investment and wealth generation options.
There's Velociraptor Trend up-side but longer term nailed on Green Energy production profits to be made.
Heron is only the beginning?
//Heron permission and investors will be rich.//
Not usually prone to giving advice but if there's an LP spike - SELL.
Ibiza, think you are totally correct on MB. Ref being bought out. IMO i think when we get the LP for Heron and we start working with DQE and have multi wells on the go Petro China will be an offer in for Block XX. They did the same with SOCO many years ago on the blocks they have now. OM would then be left to concentrate on Velociraptor, New Licences and Renewables. The only negative side to the PC Block XX takeover i believe will be whether MRPAM/MMHI and the locals accept PC having Block XX considering their previous performance.
Heron permission and investors will be rich.
Velociraptor strike and we'll be unbelievably rich, partly because it's such a vast prospective oil field but also because Petro Matad will have de-risked all the other oil targets in Block V and they can then tick them off one by one as they accumulate Geological knowledge.
They'll then have all the time and money in the World to play 'hunt the oil' elsewhere in the Block and other more recently acquired Blocks.
2023. The year it all began?
Iamrich… this is the crux of it. Paperwork issued and presumably given 30days to review.
What’s the next step
- responses from the other ministries to MMIH and then counter-responses. In which case it may take longer.
OR
- straight to cabinet with the minister responsible to each ministry left to vote and/or debate and argue any responses or concerns in that meeting?
If it’s the second point (IF) then special certification may be up for discussion / voting in cabinet from next week on.
This is what I meant be saying it’s getting to the business end of the certification now.
What PM needs is a Daniel Plainview - I think Day-Lewis is available!
So let us now project forward (obviously with assumptions). we have the LP and Velociraptor has come up trumps and so has the new blocks yet to be announced. With help of DQE we are producing Oil to be sent off via truck load to China and the Mongolian Refinery is beginning to take shape.
The first question is what now for Petro Matad. Assuming that Velociraptor looks like being ths same extraction price from the ground as Herron ie circa $15 per barrel which would make it a very large low cost high margin well that one of the majors would die for. So would we get sold on. But would MG agree or would they find a away of vetoing it by arranging for Petrovis to block any deal. Also would they want to be reliant China playing ball with their facilities and rely of the MG to complete refinery on time. So what do we become. Mid level kind of Tullow Oil split into three main divisions:
1) Exploiting and production of oil
2) Exploring and Appraisal of oil finds.
3) Renewables.
and i would include a fourth division and spread our wings maybe M&A or Mergers and Acquisitions.
If we do become a mid sized Oil Producer and Exploiter i do think the city will want MB running the show. The city are quite ruthless and although a lot of what has happened is not MB's fault he has hardly looked dynamic (and that is a large part of the game) and has in fact (imho) come over as being out of his depth and incapable at times. They will want a new CEO to run the whole show. MB if he finds oil in the Raptors plus the other blocks will have proved himself as an explorer with a throughly good record. No my opinion is that if these come off this time next year or less MB will have been shown the door or kicked sideways as MD of Oil Exploration and a new CEO brought in the city and we could well have a new raft of major player shareholders.
4 weeks since ministry circulated the paper work before submission to cabinet, so it soon as cabinet get it we have LP, first week of the month is trend in here at matd for releasing RNS's, Tuesday looking good but can wait another couple of weeks for a mega multi bag here
It's a cliche but that doesn't mean it's not true.
One day it'll come, could be tomorrow (Tuesday), next week or next month but it'll come.
.... :-0
It had to be said... Im amazed we are not @ 7.5p right now..We could be in double figures next week if Buck gets his LP!
All just to expand on the TMK drills. They are all in the same area and apparently only 200 metres apart. The first spudded around 12th April and drilled to total depth of 375ft on time and without issues. The others will be similar. These are shallow wells and close together, one would hope that as the first was fine the others will go smoothly also. Velociraptor has every chance of spudding on time.
Be happy and punctual :-)
BP gladly filter me - you give nothing to this board.
Ugghhh I’m over it now, Dozz. Fortunately I’m thick ;-)
Or sure that be thick skinned.
Anyway, looking forward to MrP’s valuations this weekend.
SP has pulled back and is now ready for the next leg up, and my point is special certificate or not, news on the drill is weeks away which will support the next phase in this current uptrend.
Dozy -I had you filtered for a good few weeks but unfiltered you to see a comment you made that someone else had referred to. Happily you are back filtered as of NOW.
If the market has this priced in up front what do they think the number of wells will be and where did they get that figure from. I am just thinking of the SP between LP landing and Velociraptor results. Not thinking at all beyond that. So my thinking is between LP and middle end of June. it is very possible this share could go ballistic with hype and i do not mind admitting i will be out for a chunk of my holding before then and have a completely free ride to see where this share goes. Which bring on to another thing that has been mulling through my brain and will raise later on this afternoon.
After reading this I think when master posted some info of people in the field maybe it was to discuss the pipeline route as it is going into Matad area just a thought. GLA
Doc... don't rise to this one.
All very gibberish to me, I don't understand Mongolian.
Idiot doc thinks his opinion is fair on a poster here but others to comment in his opinion is not, his starts if the crap early doors and then gets pulled up on it then he complains like a beach, f off you waste of space, and dream on pulling the share price down 50% when it's on its way of transformational news you idiotic deramping moron, ok now I will let you talk to your self
canc - i agree was nice and orderly and it was a good to see after yesterday's toxic affair.
Then ID posted that he thought we could get news on Velociraptor spud within the next 3 weeks, which is a very feasible comment. As stated TMK who are using the drill equipment before passing on to us are bang on time with their timeframe. The drill pads are being sorted in May as per PM's RNS, so in my opinion there was absolutely no need for BP to call ID an idiot for an innocent post. BP's comment was toxic and uncalled for.