We would love to hear your thoughts about our site and services, please take our survey 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 beginning to wonder about the big boys meant to be coming in but guess they are keeping their powder dry. If good news comes and they are still around then that is why this share will do a big leap. If they are not the share will proably still go up but by no where near as much as we would hope.
It is only a loss if you sell as we all well know.
This is tanking on no news which is totally typical with an AIM share, so let's not make it into anything more sinister ....
However I am as frustrated as the next with the lack of anything of substance in the shape of information coming from the Company. Can't it state what the delays are? (Rather than shareholders having to go on a treasure hunt to find random bits of news to get insight into what might be the reason). the Comms are appalling!!
I wonder what happened to the so called ' blue chip guys'?
Were they real? If so they must have lost nearly half their money by now unless they managed to dump their shares.
As we see we are in 2s now. The question is how much down it goes from now. If MB finally becomes the saviour! If this year he can manage to run H1 into production? Would oil price stay high till next year and beyond?
Guys,
once again it's a chicken run. We've seen it so many times - doesn't make sense but who cares?
//Heron 1 HAS BEEN DRILLED IT JUST NEEDS TO BE STIMULATED & TAPPED TO FLOW .//
And permissions obtained for the right to do that with associated well-head constructions & transport /marketing strategies in place. I don't think (?) I have ever denigrated the company or MB but I hope they are progressing these issues & not just hiding a corner from the environmentalists!
Hamm: I hear that: "Hopefully MB turns around the situation fast". Now that - finally - sounds like a shareholder statement.
Quite right Ojay. They conflate gettingHeron 1 on line with further drilling of H2 H3 etc because it suits their deramping narrative. Heron 1 HAS BEEN DRILLED IT JUST NEEDS TO BE STIMULATED & TAPPED TO FLOW .
Yes mmafr: Hamm seems to have changed "colours" and would now like the SP to gain again.
BTW: So would I!
Ojay, it is not us that should focus on H1! It is MB' job!
I am fully invested more than many traders here.
Hopefully MB turns around the situation fast.
Enjoy your day guys and dolls,
Well, Hamm seems to be invested again (for the short term), see his last post...
b/p: What's "not going to happen" and what is the "bigger picture"?
[BTW: You and your buddy Hamm don't appear to be in sync].
I don't recall claiming that anything would happen - read my post again.
Should you be actually invested your focus should be on Heron 1 going online and starting to generate revenues. Instead you keep badmouthing every piece of neutral information as if you were a deramper with a very personal agenda.
Bummer.
//putting Heron 1 "on tap" is the only thing that should interest us for the time being.//
Not gonna happen - that's why folks are concentrating on the *bigger* picture.
Why the heck is everybody talking about drilling? Drilling is a non issue as far as Heron 1 is concerned - and putting Heron 1 "on tap" is the only thing that should interest us for the time being.
ATB
There are still 4 months time left for drilling/ workover (a 2 week job), so plenty time yet.
Nationalisation has serious negative ramifications for Mongolia, that is why it would be out of question.
Hope MB can turn around the situation.
Have a lovely day,
Because Petro Matad is reliant on PetroChina and PetroChina is having issues .... see earlier posts. That's my take
In the meantime the drills we are supposed to be drilling why not start them ? Am I missing something?
So why do Matd have all these problems? Do they need a new CEO? Does MB need to resign that’s the question
Mongolia is actually actively seeking foreign investment and is speaking to some significant international players as well as capital markets. The remarks on here suggesting otherwise are not true.
Matads issues only Matad can sort out. That’s the point of having a paid management group. I listened to some of the issues whilst in UB over the past two weeks and progress is being made across several major projects.
Matad investors on this BB have to understand the problems faced by the company are the companies problems, no one else’s.
All I seek is greater governance and transparency.
It doesn’t attract international investment atm, only China
If they did that Monglia would be an international pariah and never attract foreign investment again.
That's why I don't believe that will happen at all.
Unfortunately there is a chance this been Mongolia that they could just nationalise the oil assets, if they had the support of government then they would just step in and approve the land permit straight away, I would assume they will announce they are not able to drill this year towards the end of August as the winter season starts in October so around 6 weeks to wait, would assume a drop of around 50% to the 1p level and then it’s a case of a total gamble due to the corruption involved, Mongolia is a poor 3rd world country and money talks unfortunately… if the Chinese or Russians offer more money for Heron then Matd will have nothing, brutal but probably the reason that matd cannot attract a JV partner political risk too high
and Mongolia can't afford to extract it. Some of their "resource nationalist" citizens might not like the contracts but its better to have 25% of something that 100% of nothing.
There is absolutely no point in building a refinery if the Government and MRPAM are not going to allow companies to extract oil from the ground.
May as well send the $bIllion back to India and say sorry we changed our minds.
R&H im not party to that info. Currently the activists are blocking the road to the port demanding the contracts are torn up (they appear to have have no understanding of contracts law viz compensation/ international finance etc. The government is intervening actively in the blockade. Im hoping this latest activism backfires and brings things to a head with the government legislating to finally get a grip on the legislative contradictions which the activists exploit...
Curiousor- then the land access overriding legislation gets confirmed and all the pre agreed contracts with DQE etc get triggered? Or am I just being over optimistic? I hope not.