Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hmm, it is very weird indeed.
Not sure what to make of it really. A suspicious mind might think that someone is accumulating shares there given how fast they got hoovered up, but I didn't see any large buys and have only seen the odd 1 or so large buys that were notable. Hope you're right though because it's good news if someone does know something and wants as many shares as they can.
Once LP lands this will also bring in the confidence for velociraptor too, I think some here are afraid that they may not be getting permits to get oil out as there has been alot of scare mongering and lies spread damaging the company by the likes of curious
This is one of weirdest oil drills I’ve ever experienced, totally being over shadowed by LP.
Weird thing yesterday was that all 2.9m of shares I sold were hoovered up within ten minutes, and yet when I did a test buy later, literally 15 mins later, no shares available ……did make me wonder if someone knows somethings imminent….
Mr Ibiza this is what I mean see what company decide. If they see enough for V2 will get V2 but see enough may be different for them & is operational decision.
See what happen but good to have V2 already funded :)
AI-Investor: In the interest of this BB I hope you continue to be busy....
Keep the board factual and don't ramp or deramp so a sensible non name calling debate can be had
booom
i have been busy so not many posts from me
but sadly seems wos and iamrich are waffling. please dont post 40 times in a day the same bull****. keep board slim and trim
Yes that is my understanding V2 would be an appraisal well for V1 should it strike. It is if you like an optional extra you take it if you feel V1 is successful. I think how ever a sign they have prepared for it now already is an indication they believe they will hit. Normally they would do another raise to do the appraisal well this time they raised both in one go. I think a sign of confidence. Who knows.
We see what company decide for V2.
What we know is V2 paid for and V1+V2 increase COS.
Was it not mentioned that V2 wouldn't go ahead if V1 was a duster?
V1+V2 will give us a GREATER then 20% COS. Remember also dulling in working petroleum system.
COS - "there is another way if looking at the probability outcomes which is more useful. This alternative method gives us a measure of the certainty with which we can expect a success after drulling of a given number of wells for a given COS"
"If someone is looking for certainty. 100% certainty requirements will drive the number of wells to infinity and become impractical in real life situations"
Think some on BB want 100% certainty for other (even though they buy in after talk share down;) )
All know no such thing certainty with exploration but for this know Petro Matad ALREADY have oil with Heron field.
If person think V1 f V2 fail & will not get Special Certifucation and all rest what are you doing here Lol
No gossip just Intel / Research!
Be happy :)
Could do with learning a lesson from CLON.
Decent rns released, and results imminent, sp rocketing. Here..... twice as many posts on this bb and zero interest from the market.. still, 1 day rodders
Iamrich...
The day I take advice from such a repulsive, loudmouthed, unintelligible, low life individual such as yourself does not exist ... so don't waste your energy offering any.
Block 5 is currently biggest onshore oil well of 2023.
If its a duster then will drop 20% or so. If its a discovery expect this to be 10/15p plus
LP will be here by then too hopefully
LP the big boy here and we all know it weather a tamper or deramper minimum 12p lowest target price for me and still a 200%
You can see why there are desperate derampers here
There is still the IOM meeting that is unexplained. I'd love to know the real reason for it, and of course the new company that was set up...
This is why it taken out of hands of local decision & directly under Cabinet decision.
Good to see progress toward Cabinet submission in last RNS & look forward to RNS to confirm Certification.
Other thing for anyone who ha ecrseaech COS. More drill on prospect COS increase so maybe more useful to understand we have TWO DRILL PAID FOR.
V1+V2 mean COS will be greater then 20%.
For me always I look at Heron asset already which give me even more confidence in investment.
Think will be MEGA RNS (more even then multiple) if they mention DQE partnership which they say have all terms agreed & ready for sign by head office. I think DQE wait for Cabinet signature.
Then Velocirapror or not we get fast develooment if full field & ready for 2 BILLION Toson Uul. :)
If the Mongolian government is going to invest in PM than this is the best time.
They could potentially have a some control in the oil market.
PC will not sell all of its oil to the Mongolian government..
No-one is saying 20% COS so why bother.
Saying that company officially states it is 20% so gamble/invest accordingly.
Gla
Curious your just a sad miserable old man, get a life man, I wouldnt even look at a share if I was 50/50 and then your here every day moaning and being negative of people and the company,
Invest because you believe or sell of your unsure, the bookies will or ably give you better odds the. You have here by the way you talk,
It's quite clear your just trading and go full on negative when your not in
LP is coming and share price will again bounce and you will get locked out
Congratulations to the Mongolian Government. they potentially one of the largest oil field under their feet and because they have dragged their heels on LP issues absolutely no one is interested in V1 other than an esoteric interest other than us. This is no longer a binary share it is an all or nothing share unless the LP lands in a decent time before result. Now if V1 comes through and the LP (and we deserve a bit of luck here) this will not be a 3 or 4 bagger it will be 10 bagger and possibly more. The down side is there is no company. But then why set up with PM a second company if the government do not want to play ball on the first. I am still hopeful because of this.
MB is not a CEO for shouting from the roof tops and hyping a share and i feel his 20% CoS is not a 4/1 shot in any other CEOs hands so in many respects having seen / heard this from other CEOs. My favourite one was "phone is ringing off the hook". My reckoning is that MBs phone is ringing off the hook but he is not telling anyone and therefore getting anyones ho;pes up too high. YEs the derampers will say only a 20% CoS why bother.
My answer why bother get out of bed in the morning when the weather is awful. Why did man go outside his cave if he felt he would not survive. The reason is that some people enjoy the excitement of it all and to benefit from it if successful.
This will come through one way or another and personally the sooner the better but i still have time in my locker for it. Assuming the big boys have not got cold feet waiting (probably got backdoor access to MB directly) then this will explode.Mind you like you want to catch it on the way up as it will fall back significantly before settling. GLA
The locals don't really have a reason for PM Land access refusal. PM has not violated any laws. Yet its treated very unfairly.
We all hope it will be thornogson and you made good points in its favour.
No problems with that exchange! Thanks
Not bad but I suspect that special purpose certification will be granted because Mongolia wants to produce oil for it's refinery and balance of payments/tax/income purposes.
You don't decide to let oil companies or mineral extraction companies operate in your country just to have a good profile on Social Media outlets!
Oil is money. Big money. For Petro Matad and Mongolia.
It's there but need to be pumped out of the ground to turn into money.
It's not called 'Black Gold' for nothing.
Money talks. Oil talks.
That's why the necessary certificates will be granted.
The facts. For newbies.
Velociraptor 20% COS...
We do not have any income.
We don't have legal access to Block XX and the LP request was refused by the local government.
MRPAM has written in support of special purpose certification from cabinet in lieu of local government support.
This is now in the hands of ministerial departments before the proposal is put before cabinet.
Therefore the case to be decided.
It is hoped that the bad publicity in the global investment sphere, if refused, will be sufficient to convince the cabinet to grant it.
Hope this factual post is okay?