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//My worst fear is MG is delaying for as long as possible to get their refinery in place.//
If the do that there is a very real chance that PM will no longer be in business.
My worst fear is MG is delaying for as long as possible to get their refinery in place.
Rich, I really hope you are right and we get back to 7 + LP in a week or 2.
Everything is possible. Never say never.
Enjoy the sun shine guys. Hope we get a great RNS perhaps on Monday with LP secured. That makes everyone happy.
The share price already has taken the battering from the LP delay, impatient out and new investors in, expect climb back past 5p and 7p on velociraptor spud,
LP is happening and things are moving, my own expectations are it will happen this month allowing full time to get this done, but knowing it was already completed the ministry's may take less time this time round so the chance if this getting done in the next couple of weeks is high
Each to their own but can see new investors coming in,
You start your post sounding certain and end it admitting you have no idea. Why don’t you go out and enjoy the sun and wetting yourself in publicly
Really don’t see LP coming with Spud announcement and I don’t see a crash either. Bad news already broken that it’s gonna be a bit longer for LP…..most of us expect 2-3 months, I mean they ain’t exactly rushed so far!
Best we can hope for is LP during drilling or an oil strike.
I’ve seen various SP actions during drills so anything could happen in coming weeks.
Big mistakes if anybody thinks spud with NO LP would be ok.
Any RNS with NO LP secured would cause another crash.
I am hoping the delay in spud date is simply MB is waiting to get LP sorted first.
1 more week time left max.
AIMHO. it is all my guess.
It took mrpam around a month to look at the paperwork and then it was submitting to construction ministry.
Paperwork is acceptable by mrpram.
Paperwork signoff i personally think might have happened at the cabinet meeting last week .
VERY good chance of getting the RNS ON Monday.
Master, it really does depends on the reasons why there been such a long delays. If it is definitely coming then everyday is a day closer, but a day closer on what measure? A year, a month or a week? God knows.
IMO it's to do with putting new procedures in place for future exploration, so no ambiguity further down the line. As per the Exploitation Licence which took an age, Petro Matad were the guinea pig for that one as it was the first Exploitation Licence granted for over 10 years. The Land Permit is the same type of thing, we are again the guinea pig. As frustrating as it is I think it is for the best, as hopefully if we discover oil at V1 we won't have to go through the same crap as Heron.
Also these new procedures I believe there is less chance of corruption which IMO held us back at the local level.
Dozz, Master, agree, really hoping for good news soon, Matad deserves things to go right now 🙂
Why do you think the mongolians are so slow to sign the LP its in there interest
Major were finishing up at Gurvantes XXXV on 2nd June as per below link, so with their performance there - on time and on budget I would think Major can't be far off now to starting drill
https://twitter.com/MajorDrilling/status/1664623810577072133?s=19.
Personally and IMO I think we will get a RNS Monday confirming spud date, time is money for Major so they won't be p*ssing around.
I also think we will get the LP in the same RNS. Here's hoping, who knows, more chance of being wrong but IMO I think it will happen. Roll on Monday GLA investors
Next week the drill should start turning.
7p to 4p on what info.
We are more closer to LP than we were few months ago.
Manipulation at its best
Are they drilling velo at the moment
Good post mr Iamrich. Will see price bounce back hard I think :)
Think mr Bad Prophet say post only useful if insider information.
Fooolish Bad Prophet lol
Embarrassing
Velociraptor drill completely different play, different council, the council at that drill location are sound ,
Velociraptor could be 4/5 times bigger the heron
This drill alone should take us to 8/9p
Add LP right behind it, you have easy 15/20p
Nothing has changed, just wait for the bounce
Lol.. bce ? 10b shares in issue. 10m market cap
and the well you are referring is a poxy 3.4m boe 2p..
They don’t have the backup of a license dropping to start producing oil though! The Velociraptor prospect has far more upside too!
//Badpoofit/doc if you don't know then why don't you shut up with posting things you don't know before you tell others too//
iamadick
At least I ADMIT i don't know anything at all that hasn't been RNSed. I don't go around pretending I know (secret) stuff, without actually divulging anything relevant or useful, and calling anyone who questions me "sneaky". "Sneaky" being an inference that the poster is somehow trying to affect the SP to their own advantage when, in fact, that's a total load of cobblers. Be Happy Hoot Hoot
Bce dropped on rig mobilisation rns and there drilling a development well not a wild cat well like we are.it’s a weak market right now
It’s really weird logic to think that spud news would harm the SP. It’s already dropped nearly 50% from highs and if it happens before the license is granted then so what? There’s still two massive company changing events possible in June for the price of one! Interest will resume very soon! GLA
If MB releases another rns without LP I don’t see it having a positive effect on the price the whole market knows matd needs the LP and know what happens i it doesn’t come even a spud rns will not be received positive without LP