Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I am still very hopeful but this is obviously a far slower burner than any of us thought. 6 months ago the LP was a given now we are six/ seven months on and still waiting. Godot will arrive eventually i hope.
But because of these hold ups delays etc i think the SP will take time to boost.
On news of the LP being granted or approved this share should double possibly reach 10p in about 2/3 days.
If at this point we have not heard anything of DQE agreement then it will start to slip back and probably fairly quickly so within a week of the LP and no news / RNS then we will be back at square one.
However should the RNS come fairly quickly then depending on the RNS this share will move up to around 15-18p within the week after that. These are all my feelings and no substance. Again this will be based on the news of the number of wells and the detail of the deal with DQE. IMO anything less than 6 wells will be disappointing anything over 10 would be good and anything over 15 will be really good. Less than 6 we drop back to around 8p until the oil starts flowing and there not any problems with the locals. Between 6 -10 wells we remain at 10-12p until the oil flowing etc.
Over 10 we should get to between 15-18p but again based on the oil flowing and money hitting the bank.
however once the oil is flowing on hopefully >15 wells and we prove up Gazelle (i think it is) then this share really should take off.
We have relatively few shares in issue and a lot of those are in very sticky hands. Share issue of 1113.88 000;s a SP of 25p is only a market cap of just shy of £280m. or (exchange rate 1.30) an amount of $360m dollars. Or assuming Gazelle works out at 2bn barrels plus the 200m with Heron that gives approximately 16cents a barrel i would say that is being very conservative. I accept that not all barrels are recoverable but assume just 20 percemt recoverable that would give 82c per barrel quite frankly this is the best risk reward i have come across for years and it about time we got some reward for our risk.
But if the LP does not come then this share is about worth confetti paper at the next wedding i go to. The upside a minimum 10 bagger from 4 p to about 40 p and down side from 4p to nothing worst case scenario.
Out of interest, what would be our fallback if DQE decide to renege on what might have been agreed at previous negotiations, but has yet to be signed? I’m hopeful of us seeing a positive outcome here, but to me this looks like it is the next potential hurdle.
WOS - please ignore this, it isn’t for you to answer as I have no interest in your opinion.
Ojay - I tried the other ploy for 20 years. No joy there either.
That's a very good question without them there is no China link.
How about Major Drilling and financial backing by Government to develop the Heron field??
PS the Annual Report said that the Petro China deal had to be approved/signed by MRPAM so that's another step to be factored in, but they are attending the meetings so assuming things are being approved along the way maybe
Answer clear when you listen to all interview with mr Buck.
DQE very interested and did APPROACH Petro Matad (not other way around). Deal very good for them as well.
Mean very FAST & CHEAP FULL FIELD DEVELOPMENT.
If DQE was not there then full field d elopment would be less fast but still low cost per well with Mr Buck say production revenue still pay for expansion.
Remember est 3 BILLION Toson Uul Basin extension plan at SAME TIME as Heron with est Q3 2003.
Mr Doc I do not care if you have interest in my answer. My research & post is not for you but for one who really have interest.
If you cannot bother to do RESEARCH yourself that is your issue & please FILTER.
Be happy 😊
“Answer clear when you listen to all interview with mr Buck…
…If you cannot bother to do RESEARCH yourself that is your issue & please FILTER. “
So deaf as well as dumb then. If you think believing everything Mr Buck says constitutes research then you are more stupid, naive and INEXPERIENCED than I already thought!
Take some of your own advice and filter me.
RNS was two years ago the world was a different place immediately after pandemic. We're now two years on just MBs word and I don't doubt it but what if DQE now busy elsewhere what is our plan B and who buys the oil that is question here. I You can not spend two rekyintin one string to your bow.