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.
Header say all and what I expect before AGM 30th April!
As we discuss - Operational preparation with drilling companies already started and Agreement reach with local Mata Sum.
Mr Mike Buck will give ONE COMPLETE RNS like he usually does and we can expect schedule & DQE update (because we plan to develop Block XX with DQE).
*Terms all agree long time ago and investor should understand DQE company approach Petro Matad for deal (important point if you understand future development with sister company Petro China).
We see how MANY people jump on this & how FAST it move when people see all good ahead.
Company FINALLY ready to move to PRODUCTION / REVENUE GENERATION and all increase of Shareholder value we expect from this.
ISA allowance for investor come in today - BUY or not no problem - Investment will take own momentum in next couple of weeks when people understand OPERATIONAL RNS ➡️ Newsflow RNSs from this!
🦉
GOOD! ☠️
I predicted this week. Here's hoping 🤞
Maybe this Week sir but Certain WITHIN next 2.5 weeks (next 16 trading days).
🦉
We have the AGM so of course we’ll be given some kind of operational update. But will it be good or bad, that’s the question.
For now, the sick joke continues.
Some large buys/sells will be Bed and Isa
"We have the AGM so of course we’ll be given some kind of operational update. But will it be good or bad, that’s the question."
Okay fair question.
Think will be VERY positive base on few thing but first have to understand something - letter I get from FDI did mention that "sensitive issues" which we understand with everything that happening with PLAN B - Special Certification.
Will focus on PLAN A which already protected by Land Law and AGREED!
If we go back few week and look at Protestor activity this confirm this and they cannot do anything about this.
We know company ALREADY making arrangements with Drilling Contracture fit this Season Operations.
By time of Operational Update will have full timeline for start and other INFO we need. Also good to remember DQE is sister company of Petro China and MRPAM/MMHI full support for PSC revenue to start.
I think wioo be VERY GOID RNS and will see big push in Share price.
This is my thought but Buy Sell or Hold no problem - my investing timeline / holding make me very comfortable here 🦉
Header say All!
Glad to be holding! 🦉
Mr real_talk_xd - we will get RNS this month and anytime WITHIN the next 16 working days.
Wait for this or not - no problem! but we already know Company preparing for 2024 DRILLING SEASON.
Mr Buck does not feel need to release RNS when until he feels like it so expect Full Operational Update! 🦉
*Feel free to invest sonewhere else instead.
Got a feeling RNS will land in this week, and buck will do a interview all set up for his AGM answering all questions and he will get an easy AGM done,
I'm sure buck is InTouch with who ever is dealing with the land use agreement and knows exactly when this will be ready for sign off,
I totally agree. IMHO If this announcement comes in 3 days or 30 days the trend is northwards from hereon.
I can't understand what a difference it will make in a few more days to someone who is a genuine LTH.
Unless you are here just trolling.
GLA
Cybertron, genuine question - is this the same type of feeling you've had every week in 2024 so far, or different?
"Feel free to invest else where "
Cheers Owl I!!
I think you've lost the plot mind . you don't actually live in a barn do you ?
The AGM should be kept
The AGM should be kept in London as majority of the shareholders are from the UK.
Not sure if anyone noticed but. A huge amount £80k was dumped around 4.2p around the last RnS in march and someone again dumped around £70k on this RNs. Very suspicious.
Can anyone enlighten me as to the tax arrangement for future prodcution. Is it a Product sharing agreement with Mongolia or a corporate tax payment.
If its a PSA at what % ? And if its a tax apyment at what rate ?
Maybe this time Mr Cybertron Sir have tingling feeling in brain and trouser all at once, Mr Doc Sir.. instead of just head or trouser like previously, Sir..
So maybe time to sell house Sir and bet on all matd.l Sir..
or
MAYBE NOT, Sir
Master82 ; when an RNS is released the algo trading bots kick in. This is how a lot of short term trading is done these days. They are programmed to react to RNS news buying going long or short depending on how the news is analysed. If £80k is dumped it's because the trading bot has made its profit and exited most likely.
Right now there is a strong resistance level at 4.5p, which has been touched and rejected several times in the last few months. That's because trading bots are programmed to act on support and resistance levels.
Buzz, we are not privy to the terms of PSA but all i know is the profit oil will be shared as in agreement with the PSA. GLA
1.6 Fees, expenses and product sharing
The Petroleum Law sets out the different fees for petroleum exploration and extraction. These include:
Exploration licence:
:
Licence fee
US$ 3 per square kilometre for initial term; and
US$ 8 per square kilometre for any extension period
Extraction licence:
US$ 100 per square kilometre for initial term; and
US$ 200 per square kilometre for any extension period
both fees payable annually;
fines if fees not paid on time
Oil and gas:
Royalty fee
5-15 percent of extracted crude oil and gas
Unconventional oil:
5-10 percent [of extracted unconventional oil]
the recovery cost will be the cost oil in the amount approved by the state audit and
agreed under the production sharing agreement;
Recovery cost and cost oil
.
the cost oil will be up to 40 per cent of the total oil after deducting the oil used to pay the royalty fee; and
the applicable amount of cost oil for unconventional oil will be determined by a specific regulation
Product Sharing
profit oil will be shared in accordance with the terms of the production sharing agreement