Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That's a fair point Curiouser.
The 'mood music' about changing the Mongolian approach to attract foreign investment and expertise comes from that same Government though and I think the points made about creating the appetite for future oil exploration and production to feed their new refinery all make perfect sense.
And we haven't been told that this vote has happened or that the recommendation has been declined. So it's still moving forward as this board has been saying for some time.
It's not just wishful thinking but based of firm information that's changed from previous years.
We've been told that it will happen and there's no real reason to suppose that it won't.
Bad prophet knows about anything but he doesn't know why he has been here when he has no investment?
He really needs mental help!
fully understand that PAYJJ.... but don't forget we were @37p a few short years ago and the future wasn't as bright for MATD compared to right now... 6p really is a bargain all things considered... of course timelines are a factor and can a dramatic effect on the SP.
//This is the first drilling season where the Mongolian Government have given assurances that the Land Permit will be granted.//
With due trspect that is not correct. MRPAM has recommended that the field be granted special status, but it is then up to The Mongoloan Government to accept or reject that recommendation.
Let me be clear. There are NO assurances.
LOL Think everyone know lot of this comment is people on BUY button who look to buy back in for next push.
Mr Sneaky Doc up to same trick & lot if other look for more share after they sell.
Wat h for bounce when re-test happen. Will be hard & lot will still have pant down at time ;)
Be happy but with pants up :)
//if we can still keep getting funds from some source or other to run the company//
IF the SP ever hits double figures I think there will be a substantial fund raise - dilution & decline of SP. MB's wildcatting will need more than he presently has.
I'm not sure that's fair Payjj.
This is the first drilling season where the Mongolian Government have given assurances that the Land Permit will be granted.
They spent some time trying to achieve this through the pre-existing legislation and legal jurisdictions without success so have changed the law to allow them to have the final say at Central Government level should that be necessary.
They now have what they need to grant the Land Permit.
Rightly or wrongly I'm assuming that they still wish this to be achieved amicably with local consent if possible which I'm sure would be Petro Matad's wish too.
If it doesn't happen this way then it'll happen by dictat in due course to allow Heron to come on line this year.
That's my belief and why I invested.
//I thought Mongolian people are like the Chinese and do things fast...//
What on earth made you think that? A Mongolian official assured Mr Buck that the LP issue would be put before cabinet within 1-3 months back in October and here we are nearly in May.
I suspect they don't want to upset the locals by being seen to sell their national wealth on the cheap to foreigners and they'd be far happier if the oil goes straight to refinery, which will directly benefit Mongolians.
I guess this is why the company had to fund raise to get velociraptor up and running, i.e. in order get an income stream from somewhere as, worse case scenario, there may be no LP until the oil refinery is ready... abd whether Petro Matad will still own the XX field then will depend on if we can still keep getting funds from some source or other to run the company
Hi all, I've been watching this one for quite a while and I've missed the boat on the 4-5p buy in unfortunately...
I'm weary because this chat board only "likes" positive unrealistic opinions (they get the most likes) and doesn't like realistic (based on fact) statements/questions.
I will continue to watch this but just be aware, half of you are buying this and getting excited just because someone in the chat says
"Be ready guys, 20p on the next few days"
It's called ramping...look after your investments and DYOR
Other than that I'm looking forward to see if this share has any legs and I might grab a few shares if it goes up ( RNS only, not sentiment from LTHs)
Morny morn :)
don't mind waiting but i hope it doe not take as long at Heathrow extra runway planning permission
"Doc, how can you be happy when share drops if you are an investor/ shareholder?"
I'm not happy. I'm completely pi55ed with all of this. But unlike you, I stay pi55ed off until something fundamental changes... words don't do it for me.
And no, a 20% COS V'raptor drill is not fundamental. Could be, IF they hit oil.
These sellers must be desperate for money to sell before the LP lands
//I thought Mongolian people are like the Chinese and do things fast//
They make Gormenghast look efficient!
Careful there Hamm.
You've got 'form' as well you know.
I thought Mongolian people are like the Chinese and do things fast. LP can't take that long to be stamp
Doc, how can you be happy when share drops if you are an investor/ shareholder?
You are a trader, but a sneaky one! That is the problem.
Go back to work Doc.
Yes mr Hamm sneaky crawl back when he want to BUY. All know this already ;)
What we see is re-test happen & confirm support today I think. Once this happen price ready again for breakout to next level.
One who already hold is more relax then one who look to buy back in I think :)
Hamm - find your own punchlines and stop being WOS’s errand boy!
Give it another month of no LP and you’ll be “crying like a baby”, flip flopping around!
Velociraptor is in June unless the current operator wishes to keep the rig because they've struck oil.
Bit of a win/win there.
Heron is a well makeover initially. Cheap, cheerful and quick. It's not so time dependent and can be completed much later in the drilling season than oil exploration.
I don't doubt that it will happen but the timing remains unclear.
It'll come when it comes, but this year.
Sneaky deramper Doc here again instead of working says it all.
Doc, if you are working then it is not morally right doing another jobs, deramping. Just saying, no offence!
Like others say the months are passing by and still no action.
Can't help thinking this is being spun out as long as possible by MG so the lions share of oil hits the refinery rather than Chinese border .
Loved to be proved wrong and was very optimistic of movement at the start of the week. Not so much now
If i took that long getting the paper work ready i would be sacked lol
The longer this drags on without the LP, the price will start to drift backwards. Friday tomorrow and last week of April next week. These weeks and months continue to fly by.
I know many said April before they got worried. Now we’ll say ah well, maybe May. Blink and summer will be gone. M
MB needs to give us another update IMO.
The stock market is unexpected, if there is any further news on when LP may land this will break through 7p, I wouldn't try guess tmrw,
LP now getting closer by the day 3 weeks nearly since last RNS ministry making paper work ready for cabinet approval, getting closer by the day, Friday Monday are days to watch but could land anyday
Looking very quiet this morning very few trades hopefully picks up later in the day