Member Info for blissful

Obviously, they need to find oil first at Heron and then I think we will see unitisation very quickly. Mike B has mentioned this already if you watch the last video.

Good find, I didn't check Twitter today, typical!
I bet Petro Matad and Petro China join forces, it makes complete sense.
This is the best buy (in my opinion) on AIM at the moment, I am fully loaded with
no spare cash, it's already in.

No, I am not nervous and I am not selling but the company do have a difficulty sticking to what they have said without delays. This causes some investors to hold back. Spud in early July is what we were last told until the last RNS which stated, July. I doubt he will mention the spud date until it's actually happened.
I feel that early July means the first week of July. It still may be possible but feels less likely.
I do however, feel very confident about Block XX and I feel sure those who bought into the placing at 10p bought in because they felt Block XX was going to the bread and butter or as Mike Buck put it, 'get us some runs on the board.'
Master82 just asked why the sp was not moving with the positive news and the answer is in past performance, IMHO. It brought the sp down to a ridiculous low so that some have already doubled their money and rather than risk more delays and a loss of profit are selling at least some of their holding. Let's not forget Heron was supposed to have been drilled in May this year and that was delayed.

It seems the company has a hard time sticking to what they say. Last year they fouled up with the rig for block XX and blundered on with the wild cat drills, a mistake that killed the sp. Block XX was supposed to be the backstop but they went ahead without it. Now many people do not trust them. They said, 'early July', now it's just July. Surely, they should know and so should the rig operators. They say the crew are mobilising but what about the rig - is it just sat there doing sweet f.a, we have been told the electrics were updated some time ago so it should be on the move. If it were, we would have some Twitter pics by now.
Ojay, I don't think Mike Buck knows when exactly spud will take place, just sometime in July.
P

Let's hope they get a good strike at Heron 1 and maximise the oil price. Getting the oil to the refinery is relatively quick and easy so this could be really good timing.

From Malcy this morning:
A whopper of a day for oil again yesterday with inventory data at long last doing what it should do at this time of the year plus signs of all those money managers who liquidated long positions scrabbling back into the market.
Crude stocks fell buy a massive 12.8m barrels and with gasoline falling 1m b’s and distillates down 2.44m refineries were run off their feet at a utilisation rate of 94.2%. This is the biggest fall since September 2016 and with increased exports and, as predicted here only last week, increased gasoline demand the market was completely wrong-footed.

July starts next week!

At last a sensible post, I know there are many suffering a loss here at the moment and therefore are negative, but angela6611 has gone it right as far as funding is concerned so please can we stop the silly 'placing ahoy' posts.

wallact. What else does this mean if not that the workers are actually in the process of mobilising to Mongolia. The rig is nearby, we already know that.

Read again the last six words. '... customs clearance for the equipment and supplies being imported into Mongolia by both drilling contractors has been obtained and visa approvals have been secured for the Chinese rig crews, who are now mobilizing to Mongolia.'

Eh... it was planned for July so it's nothing new that will be drilling in July. They may not have time for Raptor this year but if that's the case it will be excellent news as they will be busy maximising Heron. The oil in Raptor, if any, will be there next year.

"The real work starts now and the next few months will certainly be a very exciting time for the Company."

'Rig mobilization notices have been issued to the drilling contractors, customs clearance for the equipment and supplies being imported into Mongolia by both drilling contractors has been obtained and visa approvals have been secured for the Chinese rig crews, who are now mobilizing to Mongolia.'

At last!

Ojay, they got the info from the last set of results, they don't have the time or inclination to check everything from before that and the results doesn't mention the CoS!

If Heron 1 comes in as planned I would think Mike Buck will be in talks with Petro China almost immediately to agree terms for unitisation. This is not just my opinion but MB has already said that PC will be open to talks if and when PM strike oil. As we have a bigger share of the potential oil I imagine we hold the aces. Thus, we will be able to develop Heron extremely cheaply and have an almost instant road to funding. First though, we need oil in Heron.
MB has stated that Block XX was the back up to last year's two drills and should have been drilled then. He gave 75% CoS because he said, that is the highest you can give but added he felt it was higher.
He has also hinted at a farm in partner, and this is my opinion only, I bet Petro China will be one of the companies who will want to be in if any other wells have oil in them.
A placing now would be like saying that the company had no faith in a positive result at Heron - who would subscribe to that unless it was extremely cheap and that would annoy current institutional investors, most who are in at 10p? No, Mike Buck appears very confident of oil at Heron and I doubt he has changed his mind.

Apologies if there was a misunderstanding but 'placing ahoy' is the mantra of those wishing to cause doubt and Mr oilman jim with his oil covered face sporting a cigar saying he 'feels' a placing coming has obviously not watched any of the CEO videos and looks only for negatives. Look at his forecast for Sound and Echo! He has interests in some companies but not others, does he hold shares in MATD? Let's take a stab at that! But I bet the companies he does have shares in get a better mark from this prof. Here's my point. If you are going to call yourself an analyst, be like Malcy and DO NOT hold a position in anything you write about.
He is a jim-of-all-trades but master of none. Unbalanced tripe, that's what I think of his post.

Reading your past posts I would say you are a stirrer, get yourself another wooden spoon my friend.

You are singing to a different tune these days, here's a past remark from you Monsteroil.

If PM hit oil, please don't sell below 100p.
Next is Wild horse 490mmbbl....than 500p. Gla...MATDRE: MMs will need to let this go31 Aug '18
I think Most of investors are looking for 1000% up one day or maybe 2~4p down no problem..
And most of investors are not intereting 10% or 20%up.
I am holding alot of MATD shares.
I don't care just 10% up or down. Even zero no prpblem.
We have 6 chances, not only one chance.
Very very very positive...Holding tight....
We will reach rhe MOON within 10 month.
IMO

Hi cosmiclightning.
Yes, I just saw it on Twitter, it's at the link I added to the post. It also has a pic of Mike Buck and a drill rig.

??????? ?????? ????? ??????? ???????? ???? ?????? ???? ??????? PetroMatad 2019 ??? 4 ??????? ???????? ?????. ??? ??????? ????????? ??????? ?????? ??? ???????? ??????? ???????? ???? ??? ??? ????????? ??????? ?? ??????.
PetroMatad, one of the world's largest petroleum exploration companies, will drill in four holes in 2019. There are many foreign investors waiting for this search to be successful.

https://twitter.com/elisa_elisat

I am not sure that will make much difference anyway as any rise seems to just bring out sellers.