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Capt Stanley & co are back to MATD......thats whats going on ;)

Atb

....Heron1

Good point Gunner - Heron AND Gazelle, albeit the case for Heron is more clearly defined if course.

As has been pointed out, it's pretty standard to give authorization 'in principl'e to a company at an AGM to issue shares - that cerainly does not extrapolate to shares being issued as I'm sure all who sufficiently informed, are well aware of.

As has been pointed out, PetroMatad have clear lines of funding that can be pursued and off the asset base that Heron1 presents and through banks or via a partnership, the very strong candidate being PetroChina.

Many are certainly looking to re-enter the investment and no doubt will do so with the bouyancy of the price and investment case - as Sunday points out, one if the most 'undervalued' stocks on Aim and certainly in the O& G sector, with a tangable asset in Heron2 and likely Partnership / Buyout from PetroChina.

Atb

I'm glad you're feeling better Bolton - certainly can't have been a pleasant experience, irrespective of the atttractiveness of any of the nurses holding your appendage. I've never had that happen to me (the operation and not the nurses) but hear it truely is extremely painful - speedy recovery.

Let's hope COPL does finally deliver
Atb

A PetroChina buyout is certainly on the cards.

Have a goid Monday Sunday ;)

Tick tock for that RNS - it could come at any time of course and especially the way the Management have emphasised that route in comms of late and as mentioned in my previous post.

Perhaps another reason why there was such a high demand for BPC stock from Institutions, at 2p!

I'd be looking for an imminant Farm in RNS, imo.

Arb

"So the question for Mike......will it be Petrochina farming in ? or bank debt ?"

It's certainly good to have the options available and obviously, either one will achieve the end required and send the share price into orbit.

My own view is that it will be the PetroChina route and given the obvious synergies in place with their operations next door, the relentless energy requirements of the nation and that talks have already been initiated to discuss such and an existent agreement to utilise OwteoChinas infrastructure already in place.

Company's look at strategic options well in advance and with PetrMatad drilling right next to PetroChinas existent field,plans would already have been drawn up to address various outcomes - of course, we've had the best possible outcome off the Heron drill.

Mike Buck mentioned a potential PetroChina partnership several times in his recent interview and that talks had already taken place regarding that potential route - so I'd expect that outcome to be communicated soon, imo.

Atb

I'd expect Institutiotional investment coming into MATD shift ingtowards larger stock accumulation, with the company moving towards actual revenue generation from the asset and the other associated 'developments' we can expect wuth current talks with PetroChina etc. - red dot RNS communication at any time perhaps?

The presentation wont only be of interesr to existent shareholders but fund managers looking at derisked O&G assets.

Atb & have a good Monday

You have to be 'in it to Win it'! Your expectations may not be high for a Farm in before initial drilling, but the sentiment from the company seems to be quite confident around said Farm in discussions and having emphasised them often in communications - none of us know how far they've profressed towards signing a firm agreement, albeit the succesful fundraising certainly strengthens the company's position - we shall all have to wait to see if we get that red dot RNS alert at any moment.

With or without a Farm in, I'd certainly expect a very significant rise, the magnitude of which can be debated of course (we'll just have to see) but given a potentially world class offshore resource and the way prices often overshoot one way or the other with Aim.

Placining shares at 2p so certainly a very good level to Buy at currently (imo) and multiple caralysts expected to trigger price re-rates on the runup to and through drilling.

I'm certainly making sure I have (more than) a foit in the door for this potential Gamechanger.

Atb & have a goid Monday

Lol... tongue was firmly in cheek SJL ;)

Have a good weekend

"I was lining up with JPMorgan and they jumped the gun and something about the order got lost in translation across the Atlantic and I woke up this AM to see a trade had been executed not quite as per the “ pending “ instruction : I had shifted some last week at 6.125 and was planning to put an order in fill or kill at same and next thing almost 17 million sold at 6 and change , so no wasn’t trying to be disingenuous... an error was made ."

Next thing you'll be telling us your Cat accidentally pressed the Sell button....!

Atb

Try the dividend approach rather than further 'consultations' - sentiment will catch up much faster then!! ;)

Have a good weeken all

Some good perspectives (imo) and Sophia Loren, IK......well done ;)

I think the price moves was interesting today, given that it's a Friday and Strong Buying on the dip - beyond the obvious merits of the investment case, it certainly adds some confidence to the outlook for the very short term price level.

I know how I'll be approaching it next week and in line with my previously stated aims.

Atb & have a lovely weekend all

Now that management have had an epiphany and realized that SENTIMENT does play a large part in attracting interest in a stock, specifically Aim ones, they may also come to the stunning conclusion that offering up a dividend instead of the sterile Buy Back, was likely a much better approach, to encourage said sentiment.

We can intelectualise case for pumping the metrics as much as we want and as an excuse for not delivering in any dividend sooner, but Aim investirs don't see it that way......and we are still listed on Aim, right?

In the meantime, greedy Toby & co continue to pay themselves handsomely in cash & options whilst we subsist on gruel.

Makes me feel warm inside!

Atb & have a lovely day

They're not dumb......only Greedy!

Atb

We do have 1 trade......so that's a start ;)

Atb

That's my rationale for endevouring to increase my Holding by as much as possible now and at these supressed prices - we know some very significant price action is lijely to occur in the coming weeks.

I'm looking to leave as large an amount as possible for the actual drill results and facillitated by my accumulating stock now - moreso with any Farm in deal, which looks increasingly likely imo, from the rhetoric coming from the company.

Most of the 'Dud' & 'Semi dud' stocks now sold and into BPC.

Atb

"The Bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this Bullish opportunity."

We can have differeing views on the relevance of technical indicators and quite rightly so - I prefer relying on fundamentals myself and longer investmwnt timeframes. However, for those multitude standing on the sidelines looking for their entries, a Stron Buy signal has been given as the price looks to breakout from the relative stability of its open offer floor price.

Atb & have a great day all

Great link Charlie and thank you for putting it up - certainly inspires major confidence in where BPC are heading and obviously should be reflected in the SP going forward.

Good day - more to come!

Atb & have a good evening all