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I suspect in the RNS when they refer to 'compliance' they mean anti-money laundering checks being done on the incoming funds. It's fairly common when funds come from emerging market jurisdictions for the receiving (EU or UK) bank to check on the source of funds, who the beneficial owners are etc. This is all part of compliance with the 4th money laundering directive. From my own experience the Chinese can be quite reluctant when it comes to revealing beneficial ownership, and the incoming bank might not be able to accept funds until they receive adequate documentation. This can all take a few days or even weeks, hence the delay so far. If this is the reason then it's a fairly standard explanation and hopefully it can be ironed out. Just my assessment on what's going on, but it seems possible.

This is a big rise on just the government quashing the bill alone. I wonder if there's a leak on the other pieces of news we're waiting for...

Today is just a reminder that when LOGP moves, it moves fast. Really hope the approval is forthcoming.

I'm all for climate change but the outcome is the only one any sensible government could really conclude upon. the Green end are angry but where do they think all their energy is going to come from? it's not as if Ireland can survive on Green energy tomorrow. It seems very principled but entirely impractical. I noticed Cher endorsed the ban. I wonder where her private jet's going to get all its energy from - solar panels?

Unlikely - if that's the case then they've lied in the RNS by saying they believe everything is on track for Q3.

I'm surprised the SP hasn't moved up on that news. Lampe and Boldy must be confident of the pieces falling into place, it's not small change and there are no benefits attached to the loan other than interest.

Impossible to know what's going on behind the scenes, but IF (and hopefully when) we get the approval & the funds arrive, this has every chance of going ballistic.

Something exceptionally fishy about Mamms. Apparently he owns £1m of PVR stock and yet he's talking both PVR and LOGP down...

Mamms - if you've been skeptical about the Chinese all this time then why didn't you sell your £1m holding in the months and months you've known about it? You didn't? Funny that.

Something exceptionally fishy about Mamms. Apparently he owns £1m of PVR stock and yet he's talking both PVR and LOGP down...

Mamms - if you've been skeptical about the Chinese all this time then why didn't you sell your £1m holding in the months and months you've known about it? You didn't? Funny that.

Interesting thread this. My main advice is tread carefully.

AIM is really about luck and timing. There are bigger forces at play that we'll never privy to. Stocks can lose 50% on no news - it doesn't sound fair, but it's the reality. That's your capital gone.

I started investing in 2010 and put my money into blue chips, e.g. ITV, LSE. I got bored once I saw the gains to be made on AIM. I invested in oilers and miners and everything I touched went up and up. But I'd timed it slightly too late, the meteoric rises of 2009-11 didn't continue. Come 2014 and the oil crisis, everything on AIM was going down. And my old FTSE 100 stocks? I'd have made 300-400% return if I'd stayed put. Who would have thought boring quantitative easing would have been so helpful.

My advice - dabble in AIM by all means, but be warned that once you're in and if wider factors at play turn against you, it may take a very long time to get out. Thankfully HUR is giving us something to smile about !

True - shame it fell 8% yesterday though!

Share price down 7% today on tiny volume - ridiculous

Would be nice if this pushed on to 20p and the range it was in after the divi was paid. As always BLVN is painfully slow!

reading those RNS makes for a very positive recap. It still surprises me that the farmout took so long after that news, even with the low price of oil. The market still seems to have completely forgotten about the potential here, hopefully 2019 will change that.

thanks Ojay. this feels like a good time to have got in. Although I would have preferred 2p of course!

4000 not 400 boepd!

Hi all, I've had MATD at the back of my mind for a few years but only just invested. The drilling prospects looked too good to ignore. Is there an idea on what SP activity we can expect over the next few months? What sort of realistic targets have been discussed on this board?

Good points Phoebus, you're right who in their right mind would actually be selling now. Not anyone who's waiting for the drilling to start.

It feels like torture waiting for this drilling campaign. The very elastic range of the SP seems to be 1.5 - 2.8p, whenever the price retraces to the lower end it makes sense to top up before the SP springs back towards 3p.

Feels like the FEVR of old. Would be great if this can return to £40