Member Info for Coldjoe

Permit news after close and 5p open tomorrow pls

Wow 4.20 paid! really looks like somebody knows something

That would be lovely

Still buying Hamm?

Well they could let it run and release it after hours or tomorrow

4p breached

Give us the news!

3.9 to sell

I hope so

Got some news mate? :D

Google is showing live price 3.68p. Do we have a lift off? It would be about bloody time...

Alright, thank you master - hopefully we will get some more info from Facebook then:D gl

Question for master82: Do you know if the land permit is publicly accessible in some sort of cadaster in Mongolia? Thank you (and for all the previous info)

Would be nice to get at least a tenth of the volume going into that overpriced crap HE1 now that it's finally falling

Yep, nice 250k buy at 3.82, hopefully 4p++ soon

The oil recovered is very light, with an API gravity of 46 degrees making it one of the lightest oils recorded in the basin.

Fact: At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved. This approval covers all the areas in which the Company wishes to operate during the year. The approval means that the land use agreement can now be prepared and signed by the District authorities and by the Company and it will allow our planned operational activities to go ahead whilst the Special Purpose Certification process is completed.

Possibility:"We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant."

Either way, market has spoken...

Exactly, this guy can't read :D

At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved. This approval covers all the areas in which the Company wishes to operate during the year. The approval means that the land use agreement can now be prepared and signed by the District authorities and by the Company and it will allow our planned operational activities to go ahead whilst the Special Purpose Certification process is completed.

Strange seeing blue on this stock, sell incoming in 3..2..

While we wait for the RNS here is a refresher from the 2019 RNS about Heron:

As part of the Reserves Reporting preparations, the Company commissioned Leap Energy to prepare a CPR for the northern part of Block XX where the Company's discoveries are located. The CPR concluded that the Heron structure has mean, unrisked in-place oil resource potential of 194 million barrels. This is 20% higher than the Company's initial internal assessment and offers the potential for substantial commercial value given the low-cost, onshore operating environment and the favourable Mongolian fiscal regime.

Fenix Consulting Delft, a specialist in reservoir stimulation, has modelled the Heron 1 well test data to assess the production and recovery potential of the Tsagaantsav oil sands found in the well. They concluded that modern stimulation techniques and reservoir pressure support through produced water re-injection can improve oil recovery significantly from the levels achieved to date in neighbouring blocks. Further enhancement by slanted or horizontal drilling to increase reservoir contact and radial drilling to enhance wellbore drainage are additional technologies under consideration to increase well productivity. These techniques have not been widely used in Mongolia to date.

The work conducted by Fenix combined with the resource numbers from the CPR support the base case submitted to the Mongolian Government of an appraisal/development programme on the Heron discovery targeting a mean recoverable reserve of 33 million barrels using a recovery factor of only 17%. This is in line with what has been achieved to date in Mongolia and there is considerable upside potential that could be realised through the application of the improved oil recovery techniques as detailed above.