RE: 20p Plus Within H2 2025!24 Mar 2025 19:29
“You don't think there's going to be a Heron Field deal this year?”
Thornogson, IMO I think they’ve realised they don’t have the funds to develop Heron. A raise at these levels isn’t feasible (although if we hit 2.5-3p I think MB will go for it). So (again IMO, don’t fret too much) it seems the only route is to try and secure a JV. However, it’s likely to be PC or another Chinese company and we know how difficult they have been to deal with, so I don’t reckon anything will be secured in time for this drilling season, and therefore probably this year. MB himself has said it’s unlikely to be 2025.
Would LOVE to be proven wrong. I really would. But we’ve been continually let down with MATD/PC/MG so it’s on them to do that.