Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Early Q2 long gone. End of Q2 now!
No schedule of work! No a 2 week workover!
No plan b/ another contractors!
No clear location of MB yet!
Guys, do you think this year activities should be written off?
Any more placing should be expected?
Spot on Ojay - it's not about "told you so" and all that stuff. Surely everybody on here wants good news and an increase in the SP. If there are any out there who would rather be saying told you so and not an increase in SP then if they are invested they are either stupid or wanting to buy more to get their average down
Take it easy b/p: This is not about being right or wrong. I wish all posters would finally understand that.
This is soley about PM moving forward and thereby (hopefully) achieving an increase of its SP value.
As I mentioned before: The business case is "formidable".
All on edge for tomorrow's RNS? Am I right, I'm not wrong!
I have just thought that there will probably need to be another raise because of the rate of inflation unless the rate of inflation in Mongolia or china is far less than it seems to be every where else in the world. The £12m we have in the bank will now not be worth anything like £12m so unless we can exploit the oil quickly and use that money then i fear another round of pass the cap will be going on shortly. Do not want to put a downer on it but this inflation is a rapid rise and out of the ordinary.
whaddya mean "issues" - can you explain or are you just venting gas?
Either some of you are in too deep ... or have "issues
.... I was referring to certain derampers
"Why does China want Matad oil at Brent Crude prices ? "
Because China won't want to be held to ransom by relying on one supplier. The war and sanctions won't last forever and neither will Putin. Also Mongolia needs oil itself. It's a long game and peoole need to look further than their nose.
No issues but I believe after quite a few years holding then feeling a bit disgruntled and expressing an opinion which is what this chat board is for, with what has been happening globally and not our fault I seriously believe I have every right to explain how disappointed I feel now and again, yes I might be a little under water but still doesn't change the fact and I understand were people are coming from with there 2z and 1nz because that's how it feels sometimes and also still doesn't change the fact that I have been waiting for Velociraptor to be drilled and will continue hold until that day arrives and not until then will I make the decision to stick or twist which has always been my plan, hope we get some good news soon and then either way we will know where we stand. GLA rant over :-))
Why does China want Matad oil at Brent Crude prices ?
https://www.bbc.co.uk/news/business-61861849
Oilf.
Either some of you are in too deep ... or have "issues"
You wouldn't want to be out over the w/e would you! Oh wait - lots of sells today.
I am desperately trying to stay positive but i am beginning to come the conclusion that MB has a plan A but no plan B or C but i seriously hope i am wrong and the RNS is nice and juicy when it arrives. There are mitigating circumstances this year but next year i am not sure that will be the case. Just keep ones fingers crossed and offer but a relevant prayer or two.
Seems to be going lower than the oil underground. GLA we need some good news and have a good weekend..
Poole122 - I have NEVER predicted an SP high or low unlike some fantasists on here!
I think the lowest it went during 2018/19 was 1.8/ 2p so your looking at 40% down if it does .
Well according to you derampers, you're all expecting 1p arent you?? So surely thats abit of a daft question......
//when the price settles down over the winter//
PMSL - how much more can it settle?
Until the local issue with access to heron is not resolved , Matd is only going to enjoy the intrest from the 10mill sat in the bank.
MB has gone silent and has no action plan in q2 of the long awaited drilling season.
All the gear but no idea.
Although I am still very hopeful we see some positive action this season I am mentally well prepared to accept an additional delay. The business case is still the same and totally positive.
GL + ATB
The workover rig needs 2 weeks and Heron is on production. If DQE deal done they have winterised rigs to continue the program 365.
The border issue appears to be resolved so I am still hopeful of Heron 1 productuon and 2 wells drilled (three on production) by December. That would be an outstanding outcome for the company.
If we manage to drill one of the wells on Raptor trend and it hits , we will see a stratospheric re-rate.
Exciting times this year. Good luck all.
That maybbe the case, but if it is, thats just a chance for me to top up with more shares, when the price settles down over winter ;)
And what of the chances of an RNS dropping confirming rig contract / worker etc etc for work to start a week or two later ?
I cannot see it happening that quickly. Rig contract yes but probably weeks / Months before commencement.... Hope I'm wrong but the way things are progressing, cannot see it happening until 2023. Oh I'm at LTH before people jump down my throat, just very frustrated by it all.....Come MB FFS !!!
Hamm apologise - you having a laugh - you're unbelievable ha ha - I've said before who knows what will be in the RNS - I don't - you know. As I am invested in PM and currently underwater I am hoping it will be good, wonder if you feel the same. If it's delays then obviously I won't be happy but I ain't going anywhere as I believe in this company. To think you believe I should apologise for believing in a company I'm invested in is truly unbelievable. You really are.one of a kind Hamm. Invested in company supposedly but is totally negative about it and to get the SP to rise and we all make money you would like to entice new investors. Do you really think by your negative comments you would entice investors into PM. If you that fed up with PM contact them via email/phone etc instead of posting garbage on here or have you ulterior motives.
I hate to be Mr Negative (not related to Mr positive lol) but we ain't got much time left of this season, knowing the pace of MATD since drilling over 2 years ago, I'm not convinced we'll have any oil out this year there's so much still to do... I really hope I'm wrong, opinions?