The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Unfortunately I dont share the same positivity. And before I am shot down from deramping which I am NOT I have come away from tonight with reduced confidence. It sounds like Petrochina have a lot of work to catch up on and with deeper pockets and more contractual work on their books we look likely to be down the priority list.
If I was Mike Buck I would be pulling out all the stops to get moving with DQE but even that came across cautious.
Yet again MB has failed to impress the markets.
Didn’t get the exploitation licence until last year so not sure he’s waisted 3 years.
he certainly would come under the catagory 'conservative' anyway does look like we will finally be producing this year DQE news to follow
Basically nothing new really, still hoping Heron 1 online mid 2022 with drilling contract and permits to be confirmed. Would be nice to understand at what point do these need to be in place, one would think at least a few months before spudding as allot to put in place. Positive news that Heron 1 equipment simplistic and cradle to grave a couple of weeks to oil flow. Be interesting to see what the DQE proposal looks like as they seem to be fairly pragmatic with regards to payment in oil/deferred payment etc, be great to get them on board to accelerate production. All in all positive, nowhere to really hide if going into production in 3/4 months so hopefully newsflow soon either way.
He has a script that he talks about every time he is on.
We would like to do this and do that is he's favorite word . Nothing concrete and we are Still where we were a year ago.
Sadly Nothing new came out of that .
I can't believe he is still talking to this company and talking to that company with Nothing solid.
Absolute useless at his job.
3 years wasted in talking to a rig contractor with Nothing actually gained.
Although he could send you to sleep.He did sound confident that oil will come in the middle of the year.He could have said it would come later but I think it will come on time as everything is in place and once the date is fixed it only takes a short time to come to fruition.I would think on the back of that the value of the company will rise substantially over the next period
I hope Velociraptor isn't going to be put off till next year :-((
Long term excellent prospects, but to me it sounded like we could be waiting till mid summer before we drill heron 1 'Rig contractors have a full order book'
plus point is it will only take 2 weeks to get producing using fracking as stimulation. likely the Raptors in Block V will be next year
Still on track this half of the year
I did submit 2 questions but looks like with his rambling
they have glossed over the questions
Permits and timeslots still to be agreed.
Petrochina have a backlog of work which could delay drilling contracts for Matd. Not liking that
Talk a glass eye to sleep
Watch here - https://www.lse.co.uk/events/
Glad we are 3rd. Had to rush into a meeting last minute.
We are 3rd on unfortunately
MrBond007
Investor presentation tonight at 6pm on LSE South East.
Best to register now and listen in. Takes a few seconds to register.
Im assuming that Shell's and potentially other Western company announcements regarding boycott of Russian oil will not be supported by the Chinese. Perversely, they might benefit from purchasing Russian oil at a cheaper price?
Hi guys,
What’s the story here? Saw something about 6000 barrels/day and first oil 2022. Is this likely? And how big are the costs?
Thanks.
Mr Buck with oil at $128 and rising it's time you pulled that digit out of its current residence.
If you can't get this moving in the current climate then clearly not up to the job.
Can't say tonight fills me with excitement but you never know he might finally pull that rabbit out of the hat.
"Russia has declared another ceasefire and says a string of humanitarian corridors have been opened."
Aljazeera.com
Good to see the derampers are in full force today. Nice try!
There is not going to be any revelations tonight from Mike. Just a general update of the timeline perhaps a little detail around JV discussions but probably not much. For those that have been here a while Mike has constantly under talked and over deliverd, against some very strong headwinds. MMs love any weakness so they can accumulate more shares from sellers who get spooked by ridiculous assumptions on this board.
Hopefully if nothing else comes from tonight's presentation we will be able to get an understanding of what 66 million barrels are worth to the company with oil above 100 , jesding for 150 a barrel and what intrinsic value per share this represents. This figure alone will be multiples of the current share price.
If we get the DQE deal done and then go after Velocoraptor with 10m in the bank. This is going only one way, and quickly IMHO. Don't be fooled by the usual suspects doing there best to exploit the prices.
Interesting to see what Mike has to say non the less and look forward to tuning in.
if no drill this year then down to 2.5p Its the fear this may be the case hence why the current share price is what it is, so risk v reward is a drop of 1-1.5 p to upwards of 20p
Also the increase of deramping on this board has been very noticable of late, Could they possibly be wanting a cheaper entry?
No just being realistic on this year's course of events