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I suspect sells, I suspect on the MM accounts its just a trade, reporting fiddled to look a buy...
On 88e I seen a number of very large trades above ask, and thats the way the price went over a few days,, but I wonder if the price dropped would they have been cancelled as not settled within the set period ?
I heard it should only take 2 week to prep the matd well for production, so if that is the case it is still feasible to get the crew in before they start the work for petrochina
still very tight timeframe but potentially doable
A second drill back to back fully funded in a proven zone with low acquisition costs sounds about as good as it gets for now. They are starting to show the strength of the BOD. It looks like David Minchin made the right move so release the beast David and start ramping like we know you can do! GLA Swissy.
Those are huge trades, looking at when they were printed wouid suggest buys however the sp dropped quite a bit yesterday so I’d expect they were sells.
I had been in PP but the lack of Comms or news was brutal so I jumped elsewhere quite a while back. More fool me lol. But the mms always have a ridiculous spread on it too, makes it impossible to have fun with lol. Looking at WSBN again thinking surely news has to arrive at some point and maybe I should dip my toe 🤔 lol
Mmmmm, I thought they had fitted an Electric Submersible Pump , maybe not
Yesterday ?
18-Jun-24 16:38:07 0.7825 10,000,000 Unknown* 0.75 0.76 78.25k O
18-Jun-24 16:47:10 0.7825 5,000,000 Buy* 0.75 0.76 39.13k O
18-Jun-24 16:38:30 0.7825 5,000,000 Buy* 0.75 0.76 39.13k
Why pay £2k extra to buy in 1 junk
19-Jun-24 16:40:56 0.72 10,000,000 Unknown* 0.68 0.70 72.00k O +++++
19-Jun-24 16:35:14 0.695 863,309 Buy* 0.68 0.70 6,000 UT
19-Jun-24 16:29:27 0.697 429,843 Buy* 0.68 0.70 2,996 O
Some talk on the board re a telegram user with drone footage of site verified by another showing pump working but who knows!!!
Bce went wild just saw that, prob just loads of traders jumping in if nothing drops tomorrow it wil pull bank 20-30%
Mid 3p, probably safe, its just a case of waiting
BCE, end of day pump, bad news maybe ??
Hope not....
Some posters making noise about BCE and leak of positive news - probably just nonsense!
Im guessing the other company wants it from mid July. Im guessing opening up and preparing a well for production must be a fairly quick process so cant see why they would write July if this wasnt possible.....
If a fund raise dropped now id prob buy more shares as once they take this into production the SP will fly (should fly lol)
After BCE Ive not gone in too deep but feel I should make a good return here in the coming weeks.
Drilling July
· Preparations are being finalised for completion of the Heron 1 well and the contractor has indicated that it "should" be ready to mobilise in July.
But previously.. Said P China had booked DQE from July ?
No need to raise funds may change, new contract
===========================================
The Company was in discussion with DQE Drilling (DQE), the main provider of drilling services in Mongolia for a multi-well development drilling and completion programme and signed a Memorandum of Understanding (MOU) in 2023. THE TERMS INCLUDED SOME DEFERRAL OF COSTS TO ALLOW A PORTION OF THE DRILLING EXPENDITURE TO BE SETTLED FROM FUTURE PRODUCTION REVENUE.
HOWEVER, Mrpam Insisted That Current Regulations Do Not Cater For Multi-Year Contracting And Accordingly The Company Has Concluded A Tender Inviting All Potential Contractors To Bid On Drilling On Block Xx. DQE was the lowest bidder and has been chosen to do the work.
FINAL CONTRACT NEGOTIATIONS ARE UNDERWAY AND THE COMPANY WILL SEEK TO INCORPORATE THE TERMS OF THE PREVIOUS MOU WITHIN THE FRAMEWORK OF THE CURRENT REGULATIONS.
PP - I believe it's going to be a final NICE recommendation for use of one their drugs.
Yeah this might of been the pre spud pump thats already occured. I do fear hex might be in the same boat.....
Only 3 trades today so how could it go up 100%?
Still neutral however the benefit is the risk of them not drilling now seems low so I cant see a nasty rns dropping the next few weeks so hopefully should start to rise into July.
Free Carry
https://www.voxmarkets.co.uk/rns/announcement/4cb95929-6f06-4c6b-90a2-efbe4acc41ba/
Thanks GB.
Games
Seems to be a seller after every few buys, and now Ask has dropped to 0.69 but you can't buy, when MM must loaded up..
Sure He1 have forecasted drilling for July, lets see if that to encourage people to take positions prematurely
10th July I believe the NICE final recommendation due for the stroke test