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I wouldn't be surprised to hear of a buyout offer for PM now that Mongolia is open for business. What a picture that would be! 'One of the globes largest oil producers bids for PM'. :)
Another 15k shares at 6.40p
Very attractive little lady now we have cleared that hurdle
LOR
Normally with an aim share i would looking to cash in shortly and move on before this bubble burst but i Heron underscores anything if V1 proves to be a disaster. But if V1 comes in then this share suddenly becomes a lot more than just another share. I will looking to get out at in or around a price in mind but still leave a chunk in because i think share will easily sit along the rest of my main portfolio and possibly in a year or two be issuing a dividend around the share price many us as brought in at on average ie around the 3.5-4p a share region. The idea of getting a dividend at 100% of what i paid for it is way beyond my imagination but i do not think it is impossible if everything falls in to place. A long way to go twixt cup and lip but not imo impossible.
As Hamm has said this is just the start !
Can't wait for Dinger to post i guess he should pop up here later on
All the best to genuine holders
Few hundred wells are operating over the fence in block 19 and 21.
PM can soon have 15 planned wells plus more .
Biggest advantage is facilities are just stone throw away . Unlike Velociraptor-1 which is 1000miles away
And then in discussions re a takeover at a very silly price. A very, very silly price indeed.
Amazing opportunity from this price. Easy money now. Triple in a c couple of days.
Not selling. The true values hasn't reached yet.
That's why he said choked back 200
800 was peak flow
Hit 7p on next move up, can't see 8p today though
Thornogson.
Heron-1 flowed @ 800 bopd naturally to surface. Was considered best quality oil discovery in Mongolia history. Even better than Petrochina.
14 wells planned at Heron if i am correct via DQE
Silly sellers should wait for the MMS to let this go first would have been 12p by now, anyways share price still bouncing MM's struggling to supply shares
Misterpositive agree this will continue untill true value reached expect 3/4 days of blue here
I remember it well Mr.P... an amazing time indeed
Totally agree with you MisterPositive. Traders are making a quick buck but remember, wealth is usually transferred from the impatient to the patient. So much on the horizon for PM. LP has set the tone. Its a new dawn and a new era for PM and shareholders.
This will start appearing on radar for many Oilers... we all know the story & potential here but many have dismissed or overlooked little old MATD due to past delays etc... but now this is in place and Heron can be developed the future is massive for MB & the team @MATD.
With new licencing rounds being handed out with the help of MATD ...and their experience operating in Mongolia and navigating through government red tape will prove invaluable... If V1 gushes then 30-40p must be on the cards surely imho
Lots of 500k early buys is coming up now.
Mms can't hold it back anymore.
Sliced 6.2p , lifted 10.20am , moved the order up from the 6p .
With V1 update literally around the corner, MM' are in accumulation mode. Once they have their quota, there will be no stopping this. Hold.
Wolverine.
Yes mate. This moves really fast.
Back in 2017 went from 3p to 38p in 4 weeks with
Multiple intra-day auctions kicking in.
We would get consecutive 30% rises for few days in a row. Was breath taking, i tell ya.
Good times about to return after today mega RNS
MMs are trying to stop or slow down the buys, can't wait till 1pm see how they get pushed to let it go once no sells
1. RNS in 2 weeks time saying on V1 we have oil shows indication "x" metres thickness of potential oil reservoir ...and casing started ready for testing.."
Then
2. RNS in 3 weeks time the supply MOU converted to a Contract with PC & DQE contract signed for "x" new wells
LP valued by brokers 14-17p and I'm saying lower 12p why not
Fully expect real investors to get in now the big boys and push this right up to true value untill further progress
7 coming and fast! From these levels it won’t take much to push through 10-15range
Heron alone: had a choked back flow of 200 barrels per day. Light sweet free flowing crude.
$15,000/day in oil revenue.
$5,000,000/year.
4 more Heron wells this year? $25,000,000/year.
Current Market Cap as I type £66m.
I'm thinking we're undervalued here, there'll ultimately be more than 5 wells and there may be lots more oil elsewhere to be found. But if not Matad Energy's renewables will be just as big and profitable.
Buy, hold and enjoy.
"Double figures tomorrow morning"
Name checks out.
MMs still in control. Only Bid price moving , up and down.