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would have need a better price reaction of lp was sorted!!
no **** sherlock
sometimes just best to say nothing
On top of that, the geology for V1 is one of the best you can have for oil... that is an "inversion anticline prospect "
Iamrich.. nothing useful?
Just like you saying on 7th June "RNS Monday this week (as what else could special permit for oil transmission being discussed mean but the LP for Petro Matad)"
Repeated in some form or another most weeks?
Really "useful"
Badpropit quite a few posts but just waffling and nothing useful as usual to say here,
Well the LTHs obviously - not the traders.
I used to be a waiter avo but its a while back now! I guess PM PIs are ALL waiters if you think about it?
We hit oil on Heron 53m barrels 20+% chance of strike
V1 200m barrels with 20% chance. With oil shows previously nearby.
Plus LP still rolling a long with relevant parties..
I see as a positive 👍🏻💲💲💲
WA---R
Maybe MG will delay LP until V1 results & duster = no LP.
I pretty sure there will be a raise it is just at what price there will be a raise at. After all the staff have all got to get paid and it will take a bit of time to get the cash rolling on Heron. I do not think the raise will come before the LP lands and may even go through to September if there is enough to last that long. The question is when the LP lands and i accept to the doubters if the LP lands. My opinion is when and not if although there are still a couple of hurdles still to be jumped. The ministries themselves and then the Cabinet itself which assuming we do not blot our copy book before then should be a foregone conclusion. So question is when it comes before cabinet. I am not going to fall into trap of giving definite dates but ruling out today as too soon for cabinet discussion otherwise i think MB might have mentioned it and possibly delayed the RNS to receive letter tomorrow or Friday. So not 14th that then moves us to 21st again a possibility but not more than that but given rate of knots or rather lack of knots that the MG moves this is very unlikely. It is a possible but more likely a probable not. Then there is 28th Wednesday a far stronger possibility assuming the departments can get their act together in two weeks. To my mind this is a stronger possibility but I would not bet my mortgage on it which moves us to 5th July and about a week before any expected announcement of VI. This would give a week before the announcement and about three weeks from now. The problem here is if VI is a duster it is around this time i would expect to hear it and to have these two bits of news together could have serious negative impact on the SP although you would expect that the good news should out weigh the negative. But technically a full week before the 30 day TD date given on the RNS spud date. What i will venture to say is that LP should be here before VI is concluded.
WOS - you keep missing the point! Things changed and all of a sudden we had this “strategic expansion” (that coincidentally 5 months I’m yet to see).
So things could change very quickly where a raise is needed. Don’t be so sure of anything or dismiss other people’s views so quickly.
Sadly, I was right today when I said SP would fall and not “BOOOOM”. Be happy, not a nob.
If you do research instead of trying so hard in devious ways to help your own trading sir you will know raise was for strategic expansion & not V1 funding
Maybe you better to do more research ;)
WOS: “ So you do not know if V1&V2 are funded?”
WOS, we were “funded for V1 and a start on V2” according to MB in December, and therefore “would not require a cash raise”. A matter of weeks later, things changed and all of a sudden we need a cash raise. THINGS CHANGE. Do not be so arrogant as to presume you are the oracle who knows everything for certain.
“ Mr Doc how you even invest if you spend more time attacking different poster & so little time in actual research lol
Think you need to write gossip column in magazine & not post on BB with nothing useful for Investor lol”
You do plenty of attacking on here, using obscene references along the way. So don’t go preaching to me.
As for writing a gossip column, you are the worst person on this BB for spouting repetitive, inane nonsense.
Think lot of folks bought in from 4p - 5p range this week were hoping for LP news.
Velociraptor-1 spud news was expected anyway.
Bit of disappointment though...still waiting for LP
Would have had a better price reaction if LP was sorted first.
I think we’ve been let down so often that one almost expects it to not be as simple as all these random ministries agreeing and signing it off, no matter what those super rampers with short memories might have you believe.
With my usual scepticism I can't help feeling that an LP curveball is coming. Hope not.
//So why on earth did MB need to say that the LP has to round the block again for every tom dick and Mongolian Charlie to sign off//
Perhaps he'd read this board and wanted to correct the erroneous statements made by WOS and Iamrich that it had all agreed by ministeries and it was only be a matter of simply sending out the same paperwork that had already been agreed and that the LP would be granted in days?
Perhaps the next RNS will be about a positive Heron result with a Velociraptor update tacked on for good measure?
I have no doubts that the Heron approval will come and think it'll be in time to start work this drilling season.
It's what all available information is pointing too.
It'll still be a surprise when the RNS does come though.
Don't get me wrong I'm absolutely buzzing V1 has been spud I just think if the LP part hadn't been mentioned then perhaps a little bit better lift in SP as we know that LP is obviously the biggest fundamental part of this whole operation and imo market would've know it's still ongoing, without it we're just an explorer for now. Both together would have been absolutely fantastic so hopefully we get granted LP whilst drilling then we are off to the races, really hope V1 is a success. GLA
Also give lot more confidence for what we think before about LP progress & RNS before V1 result.
I think that it's fair enough to mention Heron in an 'Operations Update'.
Can you imagine the SP reaction if it hadn't been mentioned?
I guess he mentioned it too because he judges Heron developments to be significant and encouraging?
I feel happier for a Heron update for sure.
Agreed today's RNS should've just been about the V1 spud. Matad never ceases to surprise. GLA
Oh man....here he comes again! What a bummer!
NOT RESEARCH - just regurgitating what the company (MB) have told them to say!
Agree mr Ojay.
Mr Thornogasson first rate poster who look at whole of investment in very balance & intelligent way :)
I always tick him up because he make sense sir :)