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LesMouches. Yet there is an extraordinary demand for flying and importing goods from places like China who are getting back into gear after Covid and need plenty of oil. Heron is on the Chinese border, even using second-hand tanks to put the oil in from a Chinese oil company.
Oil is not the main problem the world faces, countries like Russia are.
All the market is down but MATD is 60% up says it all.
That is great great interest guys.
Stop talking nonsense please.
Just one way and that is up.
Booooooom.
The wider market is taking an absolute battering today down 170 points or 2.3%... i have no doubt we would be @ 8-9p if the wind was with us and not against... so I'm not concerned at all with only a 50% jump today... many were caught out today as there was no leak or massive trades before todays news ...many thought it was still weeks away.
Closing in on TD next week...one sighting of an oily Yak and we are well into double figures.. with all that we have ahead of us regardless of V1 being a gusher or dry well i think 6p it a ridiculously low entry point and the market will adjust this in time.... il be pumping more cash in next week for sure.
Les you dont know much about the location of PM. Its straight forward as get oil in to a tanker and off to facilities 10 miles away
76 million traded.
That's the interest here.
Where else in the markets is going to move like this ?
What ultimately forces the markets hand is ongoing, increasing and rising revenue streams.
Petro Matad now have the means to achieve this, increasing, reliable, Heron oil revenues allowing them to commit to the Green Wind/Solar energy development plans.
With regular and increasing income, limited overheads, a favourable tax environment and the prospect of regular generous dividends the investors will come and the share price will find it's true level.
It's still early days here which given the long wait to get here is rather ironic.
LP has been the major factor and we have it secured. The rest is all bonus.
This is an amazing entry level or top up considering that we have LP and funds are all ready.
One way and that is surely up regardless.
Well i bloody well hope so 10 % - 20% up tomorrow , the only people that seem to have being any money on any Aim shares are the shorters and 10%`s
'In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.
The certification of Block XX as special purpose land gives the Company the legal right of access to the entire area for the purpose of hydrocarbon exploration and exploitation.uction likely to start up any time changes this company at long last. '
Already have 5k of stock to scared to add more...
Fully expecting a further 10-20% tomorrow as the news spreads and commentators have their say... house broker should be pushing this like never before.
If you think it's worth more than 6p, as I do, and you have the funds then buy some more.
This surely is a bargain basement safety net of share price? Only up from here?
You've been the most patient investor I think I've ever seen Ojay, others are less so and are happy to take todays profits whatever they may be.
Perhaps they're thinking Velociraptor is an 80% chance of finding dust with an SP fall?
Even if this happened the share price will recover and rise on Heron news, plans and progress towards oil production.
And there's a better than 20% chance that the Raptor Trend targets with strike oil.
It's an ideal time to be a long term holder at 6p.
Bring on the oil, that's what it's all about (for now anyway).
I’m waiting to see after hours trades reckon there might be a few big ones to land
Mb should not hesitate about paying over the odds to get heron up and running this year.
I think its possible to get heron 2 in the time frame.
Exciting times
There's no choice but for it to push forward :) V1 update is literally around the corner :) any day now.
Block XX: The Company continues to target having everything in place to get the Heron-1 well onstream as soon as the land issue is resolved by the government. Pumping, downhole completion and power generation equipment and power control systems are now all in country and ready to be mobilised and installed at Heron-1. Production tanks have been sourced from PetroChina. These second-hand tanks offer a cost-effective solution to achieve rapid production start-up and have passed non-destructive testing to confirm integrity and suitability. They will be relocated to the production site where installation fabrication and electrical work is planned once access to the production site is obtained. The Company and MRPAM discussed with PetroChina Daqing Tamsag, the operator of the Block XIX exploitation area and facilities located immediately north of Block XX, options to process, export and sell Heron crude during the initial phase of the Heron development.
@5.95p (currently) then there must be something strange going on after today's news.
Could it be that the market is waiting for the (confirmed) sales revenues from Heron? Doesn't make sense considering the fact that the SP was beyond 7p in May this year (just 2 months ago!).
Kind of crazy. ATB
If almost inexplicably the SP falls back tomorrow towards 4-5p, I’d have to seriously consider yet another top up. Or, perhaps wait until V1 results… after all, it’s still a 20% long shot. So maybe then is a good time to top up.
You wouldn't want to be out over the quite a few weekends! They have the money to proceed with production of Heron and it seems the drill operator at Heron is prepared to even wait for production before needing payment for the new wells there.
Agree Hamm…if the wider market was booming this would be 9 or 10p
Cheers doc…was going to say that tomorrow :-0
To coin a bigbench phrase, you wouldn’t want to be out of this over the weekend!
Let’s hope as a result we see this SP continue to push on tomorrow. Because 6p is mildly disappointing for the LP RNS day!
No use worrying about a sluggish sp, the fundamentals will out.
Heron 1 flowed 821 bopd 44° API to surface. 3rd best
exploration well test rate1 reported in Mongolia.
First oil forecast in 2023 using adjacent infrastructure
• 194 MMbo2 resource in place, 33 MMbo3 to >60 MMbo3
recoverable
• Low-cost appraisal/development
• Funded for production start up once the government
resolves land access issues
• Production equipment for Heron 1 acquired
• Negotiations for a multi-year multi-well drilling contract at
an advanced stage offering significant cost reduction
potential
• Negotiations on oil processing and export underway
• Near-field exploration will be targeted during exploitation
phase with high chance of success, low cost drilling,
significant resource potential
Feb 2023 Presentation https://www.petromatadgroup.com/wp-content/uploads/2023/02/Corporate-Presentation-15_02_23-Petro-Matad.pdf
WOS must have big shopping list.
Buys keep coming.
We still have one more hour.
The true measure of Mr Buck's worth as a CEO will perhaps be judged now?
How pre-prepared is Petro Matad to sign the paperwork, get in the kit and get Heron wells flowing ASAP.
A steady run of Heron RNSs as contracts are signed and oil production milestones are passed will only push this share price along.
And all the while the Velociraptor drill turns....
It couldn't..... could it?
6p is cheap even if it doesn't.