Member Info for blissful

What of?

I think we are likely to see unitisation with Petro China quite quickly if Heron 1 comes in as expected.

Same with the other rig SR, I guess some of the sellers may not know that and have let doubt dictate their trading strategy.

It appears there are more buys than sells by almost 2:1 but still down.

Flow tests will be done with a different, smaller rig. The main one will be dismantled and moved so there is no way we will not get to be kept in news. If they decide to flow to test they will have found oil and will have to report this to the market.

boom.boom. Why do you ask seeing as you have negative on MATD on the UJO thread where you pretend to have knowledge about the finances and seem certain there is a placing on the way? Take your garbage elsewhere please.

I use ADVFN for trades

Mine says it is in the buy grid! 1,217261 buys to 801,581 sells and 23,5419 in the ? grid

And yet the sp is still in the red, maybe a large sell order on the books but this seems it should be going up.

PM have the flow test equipment in hand and financed, as well as the pumps ready and waiting in the warehouse so that first oil can be pumped out and sold very quickly.

How long will it take to move the rig to the site, 2 or 3 days at most. If spud is in early July, and it takes a week to 10 days to put in place once it is on site, if it were mobilised now it would spud end of June, not early July. Impatience and lack of knowledge is getting the better of people, and then it may be 40 days before results.
However, we know the rig company are looking at 3 weeks to drill these wells as they have done many before but PM want wiggle room.
Best thing is not to worry, let the impatient leave and if anyone thinks there is oil, sit this one out because you can bet your bottom dollar MB will announce an oil discovery as soon as he is certain they have one.

There are loads of sells, people expect money NOW, not when there is oil! So if they have made a small amount they sell up and look elsewhere.

In that case, how is it that people are trading these?

Good luck to them Ojay but if anyone takes the trouble to do some research on PM they may find there is a lot more here than a gamble on whether it will rise or not on the way to spud. It's already gone up over 100%, that's why so many are jumping ship having made of beer money, but I am looking for a life changing amount as I did with RKH, buying at 35p and selling on good flow tests at 4.20 and 3.85, more than a 10 bagger. I want at least a ten bagger here.
A lot of people don't seem to realise that success at Heron 1 will mean a lot more than the 25mmbo there, it will give us the opportunity to fund the and exploit Raptor and Taat, probably with a partner but if not on our own. Success at Heron means we will most likely team up with Petro China so that their side of the border and ours has just the one operator, cutting costs in half yet with us having the biggest slice.
I wish anyone luck if they want to sell on the run up to spud.

What else will trigger a substantial rise, this is an oil company so discovering oil could be good bet for a rise! Gone are the days of spiking towards spud it would seem.
The best thing would be to do some research and buy if you think the company will succeed, don't buy if you think otherwise. The proof will be in the pudding.

Flashy500. I think we will see unitisation on block XX, it seems this has been broached by both parties but they need to see MATD discover oil before this goes ahead. It appears MATD may have the lion's share but Heron 1 will tell us more.
If oil is discovered on the other block there would be too much for Petro China to refine at their refinery and Mongolia want to build their own, they have the infrastructure in place already.

Peders 100. Yes, I always do this, it saves the pain of losing.

Excellent move by Mike Buck to publish the results to ease the minds of the worry warts. That gives him the ability to give news on mobilisation and another on spud of Heron 1. I dare say we will have more photos on Twitter as well.
Unless the rig is miles away I wasn't expecting it to mobilise just yet or we'd have spud in late June!
I bet a few of Friday's sellers have long faces, they ignored the Professor's advice!
Good luck to all.

Which three drills as there are four in total? It certainly won't go anywhere near £1 unless Velociraptor comes in.
However, Heron should give us the cash flow to plan and drill future wells as the cost is relatively low, very low compared to most, about $3 million or less in Block XX and about the same for Raptor.

Does anyone seriously think market makers sit watching their favourite share all day long thinking up crafty plans to buy cheap and sell for a big profit? Most either have their feet up, are still down the pub for an extended lunch or have better things to do than take any interest in a low turnover, cheap stock such as this. Instead, they are thankful for the algorithms of SETS to make their profit as that is how this is traded, automatically. Try playing chess against a computer to get an idea. In this case it's the computer against investors on AIM, the market makers don't give a fig what anyone thinks, the computer makes their profits with automatic regularity. Occasionally, a good RNS drops by during the day, as with RKH and Sea Lion, and they drop the sp dramatically to kick out all the stop losses before tripling it to have a laugh at cautious investors expensive and their gain.
This is down because of the sellers.