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We shall see ;)

Atb

15-20p pre-spud

Imho.....but let's see how it plays out then.

Atb

not 87p then ;)

Prices tend to overshoot one way or the other and sometimes by a very significant amount, especially when you have the 'potential' at least of the magnitude of a find that BPC may have.

Regardless of the actual price reached pre-spud, I think we can all agree it'll be way above current levels and by a high multiple of that.

Arb & have a good day all

It certainly looks like the sells are very much or near exhausted and given the price movements over the last few days - as we've seen many times previously, often rises very significantly after such drops and especially now given the excellent tangable asset that we have in Heron1.

There's a lot of interest and unfortunately 'devious machinations' going on with a lot of new posters arriving and making unsubstantiated posts to try and facillitate their own agendas - so well worth reading back on the RNSs & interviews with Mike Buck.

Now that we have Heron1, there are multiple options available to the Company, moreso with the breadth of well placed individuals connected with PeteoMatad & Peteovis.

We have the Company presenting also, which should attract some inward Institutional investment into PeteoMatad and sidelining some of the more transient smaller holders - that moreso now that they have actually discovered commercial oil, have logistical agreements in place.......and obviously the talks with PeteoChina re: a Partnership agreement, that the CEO refered to.

All positioned very well for PetroMatad and expect a good bounce back at any time and organuc growth of the company thereafter, through tangable Oil Revenues!

Atb & have a relaxed day

Thank you for the reply Interestking and the multitude of ways that could be interpreted, lol.

Enjoy those G&Ts

Atb

I'm sure it wasn't interestking and unwarranted if it was, imo. What I'm curious about is your statement -

"The way I and apparently several others are hearing is that this is heavily oversubscribed."

Have you heard from a 'reliable source' that it is indeed oversubsribed. I know certain others have alluded or stated such and I certainly wouldn't be surprised if that were the case. Like many here, I've taken up my full allowance + some excess. I was actually looking to secure even more as part of the excess, but my application had already gone through, hence will have to be on the open market.

I'm curious to know why you think it is indeed oversubscribed and beyond the somewhat safety net we already have in place with Shore capital etc.

Atb

The 'facts may not be percolating through' at this particular juncture.....but they're FACTS all the same and based on the official company RNS.

Any short term price action becomes less important in the context of the above, unless of course one is an 'active trader', where it obviously becomes of prime importance. For many of us, the asset now identified gives us a lot of reassurance, which will eventually be reflected in the price as a tangable asset beyond transoent market sentiment.

Atb

I'm holding for 50p!

Atb

Looks like the drops pretty much played out and the reversal / stability about to take hold - imho

Irrespective, we have the security underlying any price movement, that Heron presents.

Atb & enjoy the day

PetroChina talks as per Mike Bucks comments on 'Partnerships' in the recent interview! They have many options open to them now with the Heron1 asset in the picture.

Atb

Shoreline would already have 'made the calls' and be confident in allocating any residual stock beyond the £1M they've subscribed for themselves - I think BPC is about to blow very soon and once we get the confirmation RNS.

Atb

Should be good for Institutional awareness beyond wider exposure......and the resulting inward investment that should provide.

PetroMatad are very well positioned now from an asset & logistical perspective, with the transportation & processing infrastructure in place.

Hopefully the long awaited re-rate due.

Atb

Let's hope they don't release an RNS in the meantime, concluding a Partnership deal from PetroMatad / PeteoChina talks.... all whilst you wait for your entry 'supposedly' next year.....but likely much sooner with your focused efforts on this BB ;)

Wasted days!

Atb & have an enjoyable Wednesday

They have an excellent platform to do so and the very low number of free shares in issue should work to the share price's advantage, just as the flipside has been the case with the erosion of the most recent gains. From an operational perspective and implementation of their growth strategy, everything is progressing well and beyond any shorter term price movements.

The concensus amongst many is that YU. will be bought out at some point anyway and we certainly expect a far higher ROI than £2 when that occurs.

Atb

That's the flipside with jumping around dufferent stocks, looking for the better deal - you can have your pants pulled down around your ankles, as Capt Stanley's alternative investment is doing.

Having said that, he has every right to do with his funds / investments as he pleases, albeit may be more appropriate to post incessantly on one you currently hold rather than one you've exited out of.

PetroMatad are very well positioned now that we have a bina fide asset in Heron1.

Atb & have a good evening

Excellent post at 15:23 'florida' - puts the situation across very rationally and well worth a read.

Atb

26p - £10.....beyond any specific figures, that is the crux of it though and why certain people supposedly 'negative' on the stock, are still hanging about and so persistent in their efforts - relentless you could say.

The concensus is that the share price will be very significantly north of current levels by a high multiple - we already have a good asset now already, a route to rapid commercialization with the associated revenue stream.....and the highly probable, imo, partnership with PeteoChina.

It may be worth ignoring the 'noise' and focusing on the concensus of that multiple price appreciation we can reasonably expect - the rest is just those desperate to shave off a bit for a re-entry, looking to manipulate sentiment to facillitate those aims.

This one isn't hype anymore, it's substance now that we have Heron1 in the bag - it may help to view it from that perspective, rather than anyones selfish agenda in relentless posting as a non-holder.

Atb & have a clear sighted day

Obelix, Mike Buck was very clear that talks had been going on prior to developments at Heron1 and refered to them in the context of the previous agreement between PetroMatad & PetroChina. That was some time ago and hence a structure for such a deal would already have been drawn up - that's how businesses operate.

With the condition of further talks related to the entry of PeyroChina as a partner conditional upon Heron1 coming in, such conditions have now been satisfied, with results much better than anticipated as we know.

Mike Buck mentions PetroChina specifically in the contex of a Partnership deal, twice in his short interview and as we know, he's very specific on the information he puts out.

Although we're not privy to the specifics of those talks, I think we can safely assume said talks are taking place and further inderpins the inertia to push through the Exploitation Licence before the years end and with PetroChina as the Partner involved.

Very relaxed here & off to enjoy the day.

Atb

DST1 was mentioned in Mike Bucks interview ;)

Atb

The PetroChina dialogue as mentioned in the previous post and speculated about here for some time, has been confirmed by the the CEO as being on the cards, now that Heron1 has come through successfully.

In my experience, I doubt the mentiom of engaging in tslks prior to said results, would have been made in any idle way but as a commitment to engage in such once those redults were in - the Synergies are OBVIOUS and the results as we know, are much betrer than previously anticipated.

Mike Buck mentions PetroChina SPECIFICALLY in the context of a JV deal, hence would certainly anticipate more developments from that front imo and especially as initial communications have already occured.

Interesting times & certainly wont ve quiet here imho.

Atb