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Hamm good reminder, this is what's needed here right now, master,wos,hamm, need you guys back in here reminding us why we bought in the first place, this next RNS is huge and I'm sure once operation date is set there will be new interviews and broker targets
Let's hope buck has plans to have multiple wells by year end, 1/2 will be fine to start with
Share price is currently a joke because we have traders taken profit aswell as those don't even understand what's happening next, delays haven't helped either but hopefully we are going to get to the finish line
MB: we have got an independent certification of oil in place of almost 200 million barrels. And if we were to use a relatively conservative assessment of recoverable reserves around 30% then we are looking at 60 millions plus recoverable.
Https://youtu.be/tR02UYP-Z9I?si=72x8nXlZNUEiULAv
Petromatad has 60 millon of proven recoverable light oil as MB mentioned.
Have a quick calculation:
Oil price around $83.
Let's say we sell 20% under the market price.$66.5 pbo.
Heron1 1000 barrel of oil per day.
66.5×1000= $66500 per day from just 1 well.
$66500×30= $1995000 pcm.
1995000×12= $23940000 per year revenues from just 1 oil well.
23940000×10= $239,400.000 per year revenue when we have 10 oil well.
Each well of 1000-2000 meter deep will cost just $1,000.000.
With the immediate income from Heron matd can easily have enough money not only to survive but also to pay for many more wells in 2024 and 2025.
Guys 60 million plus ( watch the interview) would be over $4 billion revenues.
Massive rerate is waiting for us. It is just a matter of time now.
Next week would be very interesting. Don't sell cheap.
Next week is the week folks
The wells in block 19 are drilled few hundred meters from each other. Not from PM s well.
Master, 15 miles is different from few meters!
I haven't sold my shares at all.
Hamm. How long have you invested here heron is few meters away from block 19 wells.
Have you sold.
The well are in block 19 . North of block 19 ..PM well is in the south.
Two appraisal wells are drilled in block 19 to the North side. It's probably 10 /15 miles away from PM.
Isn't it too close to matd? A few meters! Wouldn't be conflict of interests?
Not a new discovery. These are appraisal wells. They are surrounded by other oil wells which are producing oil.
They have big enough team . I can't see them needing two teams to keep drilling. Looks like one is at testing stage.
One team can move on to completing heron while equipment for block 19/PC well is sourced.
We will just have to wait for and RNS.for more details.
Just informing people that Chinese are working next door. They are in the country
Drilling crew Wil be different to testing crew, most likely drop team done there snow and very good chance we will drill sooner then people are thinking.
Maybe dqe gives us a date now and team get a few days off and start moving down to heron site, elections don't matter if the teams already inside the country and have all go aheads
Just playing devil’s advocate but if PC have made a new discovery, will that not mean DQE are busy with that and will have even less time for us?
Hamm they are Chinese workers working for PC/DQE.
Two well are being drilled side by side.
One is at test level . The other I'm not sure as the activists didn't enter that area.
Are they workers for petromatad?
Lol. Yeah I meant meters. Auto spell.
I hope you mean meters Master, Im patient but that's too long:)))
Two rigs are running at the same time few hundred years away from each other. Plenty of workforce available .
ToppO ; "who cares wot mm do if even doing, "
I guess investors who probably cared might have been those who just before the July 2023 RNS held PM shares with stops in place, and who saw the price finish the day before the RNS at nearly 4p, but then looked at their broker accounts early the next morning with large losses, having been stopped out at say 1.8p to 3p.....And I expect that they would have cared even more when an hour or two later they watched the price rocket up to 6.5p.....
Yep - I would say that they probably cared quite a lot. LOL.
It looks like the must have been working next door for at least a month or so.
IMO next job should be PM while they plug the well.
It looks like testing was taking place and there were couple of tanks full of oil.
Good news is the Chinese are working in block 19 next door.
They have made a discovery in Block 19.
So after all the elections are playing no role with the Chinese work force.
Then buy the dip, share with friends and foe, allow money to flow in, who cares wot mm do if even doing, buy the blood, the oil is there a office don't cost much, once dots online, to aline with there refinery, we pump and everyone wins, locals Mongolia and anyone who owns shares, ride the wave, good luck all
Lol sad prossy
Lol sad woose
Professional bum, constant false information posted constant threats of people's IP adresses, constant fund raisers in every stock you go on to lol, what exactly are yiu a professional in other then being a bum, lost out on 60% rise when i tild yiu rns coming buy niw its low but yiu daid no i kniw what im doing 😂😂😂
Do you know what your doing the next couple of weeks?
Ahhhh seeking support. 🤣🤣🤣🤣 sad as expected
Can say the same I'm sure others will agree, you seem to have lost out on share piece rises constantly and keep on telling lies, tell me who's more pathetic, do you really have people IP address 😂 who's your broker 😂 come on you silly man give it up and stop embarrassing your self here every day