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All know that main risk people did see was LP land access. This has gone & Petro Matad can monetise Heron.
Today biggest market drop of 2023 with only 3 Ftse100 comlanybin blue.
MATD 46% RISE in this market just START!
Buy hold or sell no problem but with all factor to support growth, Govt support & brilliant strategy people do not think will go higher in coming weeks & multiple NEWSFLOW?
More & more share will start to be held in tighter hands & no surprise if China base investor start to buy through UK acct.
Institutions will am sure.
Be Happy :)
In 6 days time expect to reach oil reservoir in Velociraptor drill! That should push SP up substantially.
Think MAIN thing is stock have major DERISKED now with land access for Block XX (also mean 2Bn proven & in place Tosun Uul).
*Like I say yesterday price rise +46% on lowest market day of year with only 3 Ftse100 company blue.
Multiple Newsflow Due
- Land Registration (National Holiday only July 11-July 15)
- Heron Workover (2 week)
-PM/PC agreement (Mongol Govt own PC land so both side of negotiation & like Mr Buck say very constructive & good relationship)
- Renewable NEAR TERM revenue & development "at PACE" (People massive underestimate Renewable. Check interview with Deputy Energy Minister montsame mn/mn/read/322617 )
- NEW BLOCK RNS
- DQE Multi Well drill program contract completed & with DQE Head office for review/approval then MRPAM approval (Feb 14th RNS). Discussions with MRPAM already begun (RNS 20th Jun)
-IOM meeting. Do not have information but with member MRPAM & MMHI there in person with new company formation all look very exciting.
- V1 (TD next week) & V2 ready if need straight after.
Everyone know now Petro Matad position for FAST TRACK MAJOR GROWTH with or without Velociraptor drill
"The contract (DQE) envisages a reduction in drilling, testing, fracking and completion costs compared to the previous drilling campaigns & includes some deferral of costs to allow a portion of the drilling expenditure to be settled from future production revenue" (RNS June 20th).
* Cash for at least July 2024 and revenue generation expect 2023 with also freed oil asset ability to generate loan (if needed) (interview Mr Mike Buck).
Can see MATD position to move aggressively UPWARDS over weeks ahead and small investor will slowly vecreplace by larger holder.
Fast track to revenue generation also mean dividend introduction (even small to allow large Institutiin entry) with Petrovis not interested in capital gain of stick but cashflow from investment.
With V1 hit or not remember word of Billionaire Jeff Bezos :)
-
Jeff Bezos
"GIVEN A 10% CHANCE OF A 100 TIMES MULTIPLE PAYOFF, YOU SHOULD TAKE THAT CHANCE EVERY TIME"
MATD have 29% COS with V1 (higher with +V2 and on proven working petroleum system) with upside potentia "Country making" AND Safety already in place with Heron asset land access sorted
Invest how you like. Easy choice & all stock held for journey upwards / company development ;)
20%
Mr Astro they will try. Mr Mike Buck did mention this and make sense strategically. Also because close working & 2Billion proven & in place in Block XX Toson Uul (this is just Chinese side but Petro Matad share even bigger).
Also plan to export surplus renewable for China demand
BUT will need to know how partnership structure with Mongol Govt is. They want Energy independence and another reason so strong support for Petro Matad from Govt.
Short: China will want TAKEOVER but can they get it?
I go gym today & Happy either way have share which is main thing for me :)
Few sneaky weights... enjoy the gym sir..... think i'll go shopping!
Before someone ask Mr Buck did answer question on Petro China talk about share of facility. He say "very constructive & helpful with good relations". Also did say Mongol Govt own actual land so on "both sides of discussion" so does not see any problem with this (all know what some BB poster like ;) ).
Any takeover approach will have to be at right price to reflect value & for shareholder (also in interview because I watch them all lol).
Mr Dockerman I will thank you lol. I do not watch screen because know what my target ROI is (triple figure SP like I say plenty time & investment timeframe).
Easy to be happy in shopping or gym lol & now all land issue uncertainty gone. Just wait & watch development / price grow :)
Mr Master
Think Heron workover rig contract all have been arrange & ready for go ahead. Did hear in interview.
To do the workover i think only a crane is required. But to drill heron 2 he will need a rig . If he can get hold of either Dqe or Major to drill heron 2 , that'll be amazing.
Wiseowl can you put a lnk up? thanks
From the RNS
The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land.
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.
I'm off the the gym within the next hour, see you down there WOS for a few circuits.
Let's hope we don't bump into Bad Prophet he would probably predict that the swimming pool is going to leak, the Sauna is going to turn into a freezer and the weights will become brittle and the wires on the equipment will snap.
I have been with PM since 2017, hold 600,000 plus shares at an avg price of 4p. I kept the faith and now the rewards will be great even if Raptor fails on the first drill.
Million bought already.... looking strong
Someone trying to pull the wool,,,,, sell 5.67- buy 5.96 just saw
Mm's messing with the spread @8%... jokers! They can play all they want they wont be getting any of mine!
8p today easily.
Mms can't hold it back anymore.
Next week double figure.
If they want stock they will have to raise this quite a bit to tempt sellers to part with stock... not much in free float id bet and just a few chunky buys will have this ticking up nicely
Bigbench absolutely agree they are trying their best and no thank you ๐
This has got massive potential now imho the LP has landed.
Someone mentioned gkp yesterday who knows in time maybe, god I made some money on that share, hereโs hoping gla
Be good to see that Hamm and i have no doubt thats where we should be or even past that right now but we know the market is fickle at best....high 6's or into the 7's will keep a wry smile on my face... until MB drops the mother of all RNS's with Oil shows @ V1 ;-0
Lot of newsflow to come on Multiple fronts.
DQE will fast track the multi-well Heron programme now that Land access been granted.
V1 getting closer to TD.
New Blocks assignment confirmation. From memory it was either Block 6 or 8 that MATD applied for in the South close to Inner Mongolia near those giant Multi-Billion barrel producing Oil fields.
Yep for me the LP now secures the company, now can take a break lol, wait for the drilling and production and rerate of the real share price
Short term what happens to share price I don't care,
Velociraptor still a bonus here
Heron field development plans, timelines, costing and funding options and likely production figures will shift the share price.
If you've held and waited for the land permit I suspect you'll be happy to wait a few more months, because that's all it's going to be.
Everything else is a big fat 'Brucie Bonus!'
L2 is very strong. Buys are rolling fast.
FOMO is kicking in knowing if you miss you have missed it for good.
Potential massive. There is no risk anymore.
RNS will be rolling soon.
Enjoy the ride.
Great Post Thornog. Taking the long but certain view.
And Iamrich I agree. Time to relax now as the certification has (Finally!!) been granted. ๐พ ๐
It's a beautiful day out there! I've set an alert for 7p and think I'll head off to the gym too...