Member Info for Coldjoe

cheers guys, I watched today's presentation too and I agree with Mantasz's summary. But yeah everyone should watch it and decide for themselves... there certainly are risks as with every speculation, especially on AIM :D

I would dare to say that 2.72 was the bottom, oil price rising nicely too and I reckon that together with first ever production for MATD will create a perfect storm next year, I finished building my position and have 2.2mil of these bad boys! One never knows since it's AIM but this feels like an easy 6-9 months hold, gl all!

yeah obviously there was nothing new since they would have to release it in an RNS first, but it was a good summary

was good imo some highlights:
1. drilling to start Q2 next year on Heron 1, actual production starts mid year
2. there will be pipeline built by Mongolian government from refinery to the block in 2024
3. there is a lot of potential exploration in the same block with high % appraisal wells that are also very shallow and cheap (only $1mil per well)
4. they will use new technologies on the wells that work in the rest of the world but have not been used in Mongolia yet
5. we are funded for three wells that will all be online next year (Heron 1,2,3)
6. still actively looking for farm in partner

either way as some chap here already said - I knew MATD since 2015 too and I feel like this is a really good opportunity to build a decent position as the company finally has some oil after all those years (which was actually flow-tested too) +money to develop it, I don't mind waiting but don't be surprised if it moves earlier, 88e always had simillar timeline with operations in Alaska and usually started to move up in October already

Winter in Mongolia does not allow operations to begin earlier than late April, It has always been like that - as for mid year we will see with next RNS, the wording says production is meant to start mid year (June), which means drilling might start May..

I think it will slowly start to build up from January onwards and could be 6p on spud, then it will on depend how successful the drill bit will be and how it will flow

not sure where is the bottom but I have built a fairly large position now and I'm happy to wait until next year, we should get rig news and some sort of deal with the Chinese meanwhile, my target next year is 5-8p, great opportunity imo

price motoring up almost every day but market does not seem to care anymore, anyone knows if KIST has the production hedged or not at all?

https://amp.ft.com/content/d14ec1a3-12f0-484e-9246-d2a2ae9bc004?__twitter_impression=true

Pretty steady today considering all the big sells and overall market drop

I wonder when will we get the financial report, website said June, anyone knows if we have hedged gas prices or if we sell our gas for current prices? thanks

https://www.ft.com/content/7005cbf4-2d29-426f-9379-e077315f7ef2

We should go much higher in the coming weeks/months I have topped up another £8k on the bell this morning

https://twitter.com/Gaz_AIM/status/1409524915204730883?s=20

Thanks sirius

anyone knows when & how much and at what price they raised the money + shareholder register? Usually these things are easy to find but either they are not on their website & recent corporate presentation or I'm blind.... thank you

yeah 3-5% discount would make sense, but it is way below the offer, market is definitely not certain it will go through. Gz on KOD I find it unbelievable that people "invest" in anything that is in Mali, but if you made profit fair play .... btw AGK had offer recently and went only to 5% discount, let's see the SP when (if) we get formal offer from GF

Thanks for the reply xtv2, hopefully they won’t be extending all summer

after reading the potential offer couple of times I'm still not sure about the timetable. Does GF need to come up with formal offer until the 3rd of June unless they ask for extension? These two paragraphs seems to contradict each other:

In accordance with Rule 2.6(a) of the Code, by not later than 5.00 p.m. on 3 June 2021, Ganfeng must either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.

and

It is expected to take up to eight months for the Outbound Direct Investment Pre-Condition to be satisfied, such that in the event that each Pre-Condition has been satisfied (or alternatively waived if capable of waiver), the Agreed Form 2.7 Announcement should be made prior to 31 December 2021.

I agree, that’s why I sliced some, so it’s a win/win either way