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Victor yes I agree there are people here who post over the top crap as well - must be in before the weekend - will be 20p end of next week - all b*llocks - and you are right to pick them up on it but post as you have below of both scenarios - POSITIVE and negative - I like you are down on my investment - hopefully by the end of Sept we will be in profit - all the best
Glass half empty - they don’t hit at SL and delay WH and Block XX. Or drill WH and nothing. Block XX with a bigger chance of success would have given the SP a much needed boost.
The reason I post the “negatives” is because there are a lot of posters here who post only the “positives” and make outrageous predictions with nary a word from anyone (almost). Anyone for “last chance to get in at this price” ? Ever wonder about their agenda ?
Victor, if you really invested in PM don't panic and do not spread negativity here. WH will be drilled this year. But even if not, after striking the big oil at SL it would be perfectly fine for me, to postpone WH drilling till 2019 if it would be based on strategic objectives. It would allow in calm setting and without any worry of the bad weather or someting else carefully comprehend the whole situation and take the best possible decission on the whole range of the most important issues, including those terms and conditions on which it would be preferable to sign an agreement with potential partner(s). Therefore, all your fears have nothing to do with the real state of affairs in the company. So, calm done mate.
Yep. Quite a lot on paper loss here, myself included, but Company is on the verge of a huge turnaround in its entire history. More positives than negatives here....with mind blowing Upside if all goes well this year and 2019.
Fully funded till end of 2019 is the single biggest Plus for me. Not many AIM Oil explorers can provide guidance that far ahead. Most of them struggling with inevitable funding calls near term. We have already crossed that bridge.
That on its own puts Matd ahead of the pack. Glass Half full...simples.
Strike at either SL and the 5x bigger WH would put share price in a whole New bracket. We have come this far....so just hang in there. If it's too much then sell and move on. Plenty of demand for your shares out there.
Mike Buck said it before..."Wild Horse is a must drill"....
Then SHELL also told them...
..."Make sure you drill Wild Horse"...
It's happening...you can panic all you want.
What do you think team representatives currently on site at Wild Horse are doing at the moment?
I am also invested but very disappointed in M.Buck's constant goal post moving.
Will watch timelines on SL completion closely, as that also appears destined to be late, in typical M.Buck fashion.
Mongolia only has a six-seven month drilling season, which the company has mostly wasted.
Same as me - on paper i'm down - but why dont you at least show some positivity instead of constant negativity - ask yourself why you invested in the first place - probably same as me as THE POTENTIAL IS HUGE - might be dusters but who knows - you dont i dont - why did BD farmin ? - all these reasons - perhaps give it 2 more weeks and wait for the results instead of always being half glass full
On 25 June they gave us a detailed update on SL advising the well site was complete and the rig was ~ 35% rigged up. This was 2 weeks before spudding.
Nothing on WH in this update except to say they are on track.....and of course to bring up the Wood Mackenzie report. Of course I’m skeptical. Are they going to say that due to delays at SL it is now too late to drill WH this year. It’s not what is in the RNS.....it’s what isn’t in it.
Ok, things not always perfect...granted some past delays and the shambolic previous 2 CEOs....like Mikey30 said, current CEO since taking office has been cleaning up past mess and taken bold steps including latest placing. Very easy to criticise....some not giving Mike Buck credit for the things he has achieved so far. We are in a strong financial position compared to when Bergen was around and now fully funded till end of 2019 with c.$30m cash.
Company is now at a turning point drilling as we speak with lot more to come. Mike got to grips with the beureacracy and realised how things are done in Mongolia. Look at UK Brexit saga....we only about 6 months away from March 2019 Brexit deadline.....still no deal??? And we are supposed to be advanced economy?
Share price will soon respond to Operational success. CEO is not a trader, hence not concerned with daily price fluctuations. It will take care of itself.
So predictable that leading up to Wild Horse spud the negativity gets ramped up and we’ve probably only seen the tip of the iceberg so far.
There is of course one thing that will put “the Leopard among the pigeons”
Correct, they didn't deliver the Block XX drills due in 2018. These have been postponed to 2019. These drills would not have been in the picture if M Buck wasn't assigned. Fundraisingbefore drills has been explained. Thank god we didn't do all 6 to cover both the 2018 and 2019 drill seasons when the placing price was 6.5p. Things have gone wrong and things have gone right. Let's see what's delivered in less than a couple of weeks.
Frankly...We are wasting time explaining to some morrons, that WH is on track. Team is on site and preparing for Rig arrival after operations are completed at SL.
....yet some cannot read the RNS for their own agendas...
It's all there.
As previously disclosed, the Wild Horse 1 well, which is targeting prospective resources of 480 million barrels of oil, has been named by industry specialists Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018. Representatives of the Company's community relations team are in Block IV preparing for the arrival of the rig.
Once the rig completes operations at the Snow Leopard site it will mobilise to Block IV for drilling of the Wild Horse 1 well some 300 kilometres to the west.
Don’t forget the 2 funding raises. When the money was raised in January it was for 4 fully funded wells. Guess we we didn’t need the one in June as now there are only 2 wells. But hey, you have next September to look forward to waiting for results.
Shouldn’t be so emotionally attached to this share that you can’t see the forest for the trees. They didn’t deliver and that’s the bottom line.
I didn't forget. I said fully funded for 6 drills. Yes disappointing that these will fall the otherside of the winter season but these things happen. Standards don't need to be increased these are expectations on experience. If you dwell on the negatives and not the positives to provide an overall balanced long term view then I would reconsider your investment. Take your money (I assime loss by comments) and move elsewhere.
And Block XX drills Mikey?
Did you forget about that mess?
Fully funded for 4 drills in 2018! Nope, maybe only one!
Is that cleaning things up?
Increase your standards for company managements and odds of making $$ increase greatly!