Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
When do you think we'll hear some news?
Should be at around 650 mtrs today and theoretically getting a sniff now. Whether an update will come is anyones guess.
Still hoping for the LP ahead of any news at Velociraptor. Anyone that was around for the Snow Leopard and Gazelle drills will be feeling the same.
So what happens then if it’s a duster or just can’t get out for a reasonable cost?
Can see one who posts info / intel & ones who just post personal attack.BB's are like this & maybe because like mr Doc say "all is fair in love & war"
For me thismmean okay to lie or dobthinglike Buy while talk share down & other thing.
Every one make own mind up hiwvthey want to live life but not my way
Be happy but hoourable :)
//So what happens then if it’s a duster or just can’t get out for a reasonable cost?//
Wait for special purpose certification
What happens if V-1 is duster?
Easy to see how LOT ofcerusking have ALREADY happen. Drop in price from 7p to sub 4p in few week & after they say LP go through Ministry of Urban Development instead of Ministry of Mining.
They say "delay" but if you look at timeframe before should still expect land access RNS within next few week. This give straight 300,400,500% rise into double figure.
If V1 duster market will expect land access RNS anytime so who will really want to be out for long. This will keep price up. I expect LP RNS BEFORE V1 resukt but look like lot bet on after.
Also V2 drill look like ready to start straight after with any positive sign. Some people say just being on WORKING PETROLEUM SYSTEM like now will be enough to start V2.
Who will want to be out for long with LP RNS AND V2 start.
Also near term revenue / news from Renewables
This why I see price is just overeaction from quick trader who maybe does not really understand investment or greedy liar type on BB ;)
I am very confident because never was going to sell short term & will see full development of Petro Matad multi factor Energy Company.
Will leave 5%s to little traders who will always be little I think ;)
Be Happy :)
I too hope the LP news arrives before any V1 news, but not going to hold my breath....if so great but not expecting it to be honest.
The LP is what most people are here for, velociraptor of fails no worrys but if it hits this adds another 15/20p to the share price,
LP Al ok me should multi bag this as we start to drill heron for production with oil I. The ground already
Matd becomes producer not a oil explorer
This share has been talked down by some individuals but it's probably the best oil stock currently and alot happening for it
A few valid points there WOS.
FWIW, my guess would be that, depending on the exact circumstances and wording of the RNS, the SP could drop back to 3p, maybe even high 2s. I think it would start to return back fairly swiftly though once the "bedwetters" have gone and more knowledgeable LTHs are left.
Personally I think we'd be very lucky to see the LP before Velociraptor news, but we're about due some good luck aren't we?
Interesting times ahead, that is for sure.
GLA
If Velociraptor turns a duster and the LP is not in place then we would be looking sub 2p. LP then may bring it back to nearer 10p.
I disagree with the various "if Velo is a duster" sp speculations, why would it fall to those levels when we have so many other things in the pipeline 🫨🫨😵💫
Also V-1 may HIT oil!
Excellent source rock & existing working petroleum system ;)
We already have oil asset & most people do not seriously think Special Certification for land access will not come.
Any recent high will blow away with any of them so no problem holding while price play game :)
Vikinglass,
Because that's how markets work im afraid.......duster before LP news and we will drop, it always happens. It's then a case of next decent news to pick the SP off the floor again.
The-Lockie, in my humble opinion this share price has already fallen to "duster" level and should not fall further considering what we have ahead of us - just my view 😏
Vikinglass - not a chance. If, hypothetically, we were to get an RNS tomorrow saying V1 is a duster, the SP is going to fall. There is no way 3.7p is the level with that news and no LP.
Doc, ok but I'm looking back at the past year where the sp has been, we have had 3.70 during a time when we didn't have much hope
Even if V1 is a duster I don't think they will say as much - if it's not a strike they will say there are "promising signs" & proceed with V2.
We also had 1.6p! I'm not saying we'd fall back there. But perhaps to the raise price... 2.5-3p. Hell, we're well on our way to that already.
Oh boy the gloomy talk 🥺
Let's talk about if it's success instead please
If LP hits, 10-15p, if V1 hits get the rocket out ;)
Get fact right please Mr Dic
1.6p was LOWEST and was when land acces was in LOCAL COUNCIL control. Local council block this every time.
Now land access go through SPECIAL CERTIFICATION which is under direct Cabinet decision.
This us major change & lowest so should reflect this sir.
Spend more time in research & less time in attacking individual poster ;)
Be happy but do research please.
Mr Doc not Dic
The market is well aware of the 20% chance of success so nothing is priced in here for a massive oil find... a duster will drop this 10-15%... a strike will be 150% uplift then some
If V1 is a duster this won't drop much. The market already knows chance of success is low so it has already factored in the SP, just like when wild horse was getting drilled.
The main prize here is the LP. Its very disappointing that we are still waiting. We feel like fools if we even put time on it.