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It's like starting a fire.
Is it 'in' will it go out?
Once the LP lands the 'fire' will take and grow and grow.
Heron will be funded and multiple wells will be drilled each incrementally adding to cash flow and company assets.
This will underpin and de-risk the Velociraptor trend drills both funding future exploration here and in the soon to be acquired now license areas. If any of these come in then Hey Ho, off we go! Big time.
But if they don't then we still have a hugely undervalued stock which will have a Golden Goose in Heron pumping money out of the ground day after day, week after week.
And renewables? A little left field? Why bother?
Not a bit of it. It's a guaranteed money maker and is the way that BP, Shell, The World are going.
All you need is the Political will to allow it and lots and lots of money to develop the infrastructure.
Petro Matad might have both in Spades.
Once it's built you just sit back, maintain it, count the money and re-invest and expand as cash allows.
The wind and sun aren't going anyplace soon.
The LP will allow this to happen.
A fresh oil strike in the interim will do no harm at all.
Tick, Tock....
3.80, and I'll be back in blue.
Maybe this has something to do with the mpram minister giving speach on something to do with fuel.
The heading reads.
"Our country has no fuel storage tanks"
Is there a way to translate videos
I was thinking last night that Velociraptor is a far bigger game changer for us potentially than even Proactive gives the impression. At the moment we will sooner or later be producing oil from Heron which has a relatively small amount of retrievable oil and is by all accounts not far below the surface. Now MB is fairly certain he can increase that net retrievable amount by almost double. Even then it is still not a major find but significant enough.
MB is essentially and oil explorer and not an exploiter. I should imagine very different skill sets although i am sure a number overlap.
Now if Velociraptor comes through with 200m barrells. Then this changes the dynamic considerably. My thinking is that it is too much for us to exploit alone and yes we may decide to Farm out to DQE and their expertise but now the whole field plus Heron comes very interesting to external majors i would have thought.
So instead of valuing company at Velociraptor coming in at circa 60p how about we sell on to one of the majors who post pandemic having moth balled all their marginal drills would be looking for a relatively easy access to oil. If it all comes through i would be prepared to sell my shares for around £1 per share as a starting point.
Just a thought and yes there are a lot of ifs and ands in their but nothing is impossible. GLA and i need this share to double from here within the next 30 days or so.
LP is the key to unlock. Cash flow, positive confirmation of govt willing to push forward, unlocks financing for growth and exploratory expansion. So close we are told. When it comes, its off...
One reason for a price monitoring extenion could be the release of news that has a sudden and significant impact on the price that investors are willing to pay for the company’s shares.
We might easily cross 4p today.
Big bench. Looking good. You also in GDR.
LP is frustrating.
Wish they would just get it done and move on.
Looking good, amazing how this morning there is no WOS - obviously feels he has done his job and Bad Prophet - because SP is on the rise and he always disappears when its looking good - so enjoyable !!!
#3 on the leader board today!
3.75 / 28 m
Calling 4.10 by COP ...just my view.
If your looking at red or blue here you’re on a loosing battle.
It’s not remotely reliable to see what’s actually a buy or sell, you’ll need a proper real time platform to see actual trades.
LSE makes it up essentially, algorithms and mid price etc etc.
Don't be fooled by red. Red could be a buy any way. What I am interested is 27m in 2 hours with over 250 trades and over 10% up. This sort of volume wouldn't be just out of blue. There must be news leak. It wouldn't be just any news but a great news on the way. It might easily cross 4p today.
It is a lot of red Zellman but if you look at the price, a lot of them must be buys so just usual shenanigans being played.
Hi Jimmybob...all good thank you Sir... how's life treating you these days??
iamrich, the sellers are probably those who jumped in on the lows and will be deramping soon stating all sorts of negativity just to get the price lower,rinse/repeat.....rinse/repeat
That is some uplift
https://twitter.com/Huzayl_A/status/1631234626680156160?s=20
It's a really good thing people are selling or there would be a spike followed by a big fall as profiteers move in. Sellers give buyers the chance to buy.
Nearly back to the 3.899p ( Wi ) second buy on 27th January with the 12.5% rise this morning fell back by 10am .
The lowest price since the 2nd February placing 2.5p was 2.84p on RNS day .
Placed failed orders to buy more up to 23 /2/23.
Typical AIM share and one which did not bother to do an open offer to match the book build placing .
Windfall for the broker taken from long term holders .
That's a big red board and the price is still rising .....
Just give us a bit of good news now to power the share away from the 3p to 4p and up to the 6p-7p...
Who every selling you need your head checked out lol, this is only going upwards with velociraptor pretty much guaranteed to happen once rig is scheduled, who are these people lol, even waiting till end of march will bag you put to 5p with out drill
Should be 6p way before velociraptor gets spudded then off to 10p plus, nothing goes in a straight line so expect profit takers as we get to 5p then consolidate and off again,
But this is still way cheap and I think anything Up to 5-6p is a bargain with what's to come,
Let’s hope so BB! How you doing buddy? JB
New day high reached...looking at the trades it could well close in the 4's today...bodes well for next week. ....Or is there a leak of good news?? .... Either way the upside looking forward is massive IMHO
Should see 7p to 10p by spudding of Velociraptor imho.
Is one of the biggest drills wordwide this year and at a very clow cost
With the oil we have here its clear as day even to a blind man that nothing is priced in at todays SP level...£40m Mcap is a far cry from where we will be in the weeks/months ahead.