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In the May RNS MB told us "In the event of encouragement in the well, the rig contract allows for follow up with an appraisal well".
My suspicion is that if there's the sniff of anything positive they will drill the follow up. This is the last chance change they have this year, drill costs are super cheap, everything is in place, MB has the money in the bank, it seems too good an opportunity to pass up to make sure no stone is left uncovered
MB will have this LP issue sorted soon enough, his hands are tied and im sure he's a frustrated as us at the snail pace of cabinet processes but he doesn't want to be seen to rattling the cage as we could have a long relationship in Mongolia!
Didn’t it say EXPECTED shortly? Well, I expect to be a millionaire in a fortnight according to WOS.
iamrich - bore off. Go enjoy those £millions and maybe read a book or two.
Please feel free not to post back iamrich.
Also the date of the RNS LP landing was volunteered by the poster
Climbing Wooster so your holding one poster on this board to be psychic or know exactly when RNS will land 😂
Man wish I was as stupid as you guys and not have to comment back on such posts
WoS that's fine but please note, I quoted the RNS official company time frame, and not just cherry picked phrases from within it.
Think with all rest if information like Ministry Urban Development submissions gone to other Ministries (RNS 14 June but do not know if this submissions hapoen days or weeks before RNS) & assume other Ministry position same so direct copy of info - can assume SHORTLY mean SHORTLY.
Lot of people ask "will Heron revenue this year" and think this "resolution during 2023" speak to them sir
With 300,400,500% straight re-rate with LP RNS think will take "SHORTLY" as "SHORTLY" and with timeframe from MMHI submission which was ready to go.
Will not take chance to be out when this land & have full confidence of this so is no problem for my holding sir
Not many time opportunity come like this with major growth of company from explorer to producer with important position in whole if National Energy Infrastructure strategy.
The company RNS does say "shortly" but the same RNS also states...
"The Company is confident that the land issue will be resolved during 2023".
Imo I think it prudent to consider shortly within that official context, although next month would be preferable!!
If that were to happen the SP would probably be under 2p. No hope for another cash raise but likely a tempting takeover target by some big player with Heron production a couple of years down the line.
Well if this does fail WOS you have a career as a stand up comic.
Some of us use logic with Intel / Info. Other one just ask people whether they believe or not even though they are invested lol
Think price move with nearly 50% drop from 7p tell people in clear way about how derisking happen.
With LP news already progressed from 14th June RNS to final stage toward submission think we know whatever happen with Velocirapror - if LP RNS has not come - people will expect any day (think it will be release before then) & "SHORTLY" like RNS say from people who talk direct with Ministry ;)
With all other news attach to this do not need to ask people if they believe or are on "drugs". Think peson who say this is one who is really desperate.
Prime Minister in China on state visit and Renewable energy for direct investment into projects / export will be discuss.
Petro Matad expect "near term re enue generation" from renewable.
Mongolia Economic Forum in early June.
Lot happening with Petro Matad so think my logic VERY GOOD sir ;(
Be Happy but stay of drug Mr Wooster ;)
Do people really believe the sp won't drop? I want what drugs your on. I am heavily invested in here and hope both come to fruition but really. Get a grip
Can we make a little guess, and assume theres a cabinet meeting on wednesday. Personally i think the LP will be signed off after its been round the bazzars. last weeks law for investment upgrade should clear the way
Velocirapror spudeed 13 th June Mr Dockerman. RNS was 14th June sir
Now about halfway through drill and like someone say should be coming near POSSIBLE first shows of oil.
Also like other people say most if derisking look like happen with big drops after Ministry transfer RNS and now nearly 50% down which is like you expect if duster news.
This why people say mostly PRICED IN for duster but not for OIL STRIKE.
"we will have the special purpose certification by 10th July at the latest." Yes mr. CaC and probably sooner sir.
With this timeframe you see why no real problem if Velociraptor does not hit oil because at this stage LP will be much BIGGER news & RNS due any time with Ministry Urban Development submission we can expect now.
I feel VERY relax about my investment because have full confidence Special Certifucation RNS about to be release soon.
Happy to hold my share already :)
From the RNS:
On Block XX, the Company continues to push government on certification of the Exploitation Area as special purpose land and finally conclude the process. The Ministry of Construction and Urban Development has completed its internal work and has submitted the documentation to all other government ministries for comment prior to submission to Cabinet.
· The Velociraptor-1 exploration well was spud on the 14th of June - targeting 200 million barrels
Encouraging results in the Velociraptor would significantly de-risk two adjacent prospects on the Raptor Trend (potential of an additional 375 MMbo).
ALSO IN THE RNS: "I very much look forward to update you in the coming months with our progress on MULTIPLE WORKSTREAMS now in play"
Great buying opportunity (IMO)
//Could anybody tell me the latest official news on the LP please?//
The latest RNS would be a good source.
The latest news on the LP is that there is no LP. Something may eventually be agreed that allows Heron production to commence - no one knows when or what form it will take.
Hi all, so we now down about 50% from our previous little peak! Wow, I’m amazed at its constant slide, has there been some news on the drill? Could anybody tell me the latest official news on the LP please?
I think wos is spot on should be here by then,
Anyways the current share price is irrelevant as WOS has stated that we will have the special purpose certification by 10th July at the latest.
All is well and correct, me and Doc was having a healthy chat re sp 🙂
Ojay, I’m quite confident the bid dropped to 1.6p, whether a trade executed at that, it seems possibly not. But if you want me to go to 2 or 3 decimal places for a confirmed trade, 1.675p, LOL.
But you really are a pathetic, a55 licking excuse of a poster! Completely missing the point and context of the conversation between myself and Vikinglass. Happy to support posters who guarantee this and that SP, but will split hairs here.
Mr Doc
You should have mention this price was when LP in hand of local council & not Cabinet.
Better you be honest and put correct context sir or people think you back to old tricks when you talk share down but secretly buy
Try to be better person sir & honest :)
You heard me loud and clear: YOUR STATEMENT (SP 1.6p) is INCORRECT - that's what's wrong - get it?
In addition, your statement suggests that the share could have been purchased at that price: WRONG AGAIN.
If you don't like rampers to mislead than please don't mislead yourself!