Member Info for Doc83

Did that really need yet another thread creating?

"Can anyone tell me, i am somewhat of an oil amateur, is "an oil zone of 18m gross thickness" a good amount of thickness?"

Just reading through the original Heron 1 RNS (back in 4200BC!) the gross thickness was 22m.

"Investor you have an interesting theory, but what about when MMs are holding millions of shares in a company when a BAD RNS drops?

The shate price tanks and they then have to sell their huge holdings at a loss? Somehow I don't think they would take that risk."

Exactly. MMs make their money off the bid/offer spread. They're not going to risk holding considerable positions in a microcap oil exploration company based in a corrupt country, where it might do 10x or go bust.

If we can get the permits and PC deal sorted I’ll be much more relaxed. As it is, we don’t have either and at the same time we have selling into any mildly positive news.

250k and 500k blocks. We’ll likely end up lower today because of this continued selling into anything resembling positive news.

Anyone else spot our 250k seller was straight in!? Let’s see if this small positive is sold into again and stops us moving up.

“ 4. No talk of the permit or PC Deal”

This is very true, though. How many weeks has the new governor now had to review this? It’s pretty straightforward… there’s a million wells surrounding us already drilled and producing for PC, it’s vitally important for the Mongols this happens and for the refinery, and it has the supposed support from central government.

Yet still no sign off from the governor. And yes, where is that PC deal? These are the things that really matter. Heron 2 must’ve been a 95%+ done deal anyway.

Someone still needs to have a word with MB on how to write an RNS. I mean, why put anything about bad rain?! We’re ahead of schedule, no need to put that rain might hold things up for a few days.

Anyway, a decent RNS, although one that was expected so I don’t see it having a material impact on the SP. But it would be nice to see us start to gradually move up a bit.

These DQE boys don’t mess around, I’ll give you them that. Might even get an RNS next week on Gobi at their speed. Although still more likely w/c 14th October onwards.

Friday, 11th October takes us to 20 days post spud which is how long they said it would take to get to total depth. So perhaps an RNS w/c 14th October?

Velociraptor was expected to take 30 days but we actually had results on day 26.

Tut tut, I don’t like raises but, if they need to be done, make sure you include all shareholders.

As for the complete loon/disruptor Dusty, everyone here is fully aware of him. Couldn’t help himself this morning by bringing up Manlord and others. Yes, Dusty - you started this spat this morning!

Sadly dwarfed by the sales this afternoon. I take no joy in seeing it. It’s frustrating.

Asher, check out those 3x quick fire 500k sells. Definitely the seller is still about!

Asher, definitely not me. But again, we have some nice buying followed by c.1m of shares dropped within 20 seconds of each other. Maybe our seller isn't quite done just yet.

That better not be our usual 500k seller.

Another tick up. One of the better Friday sessions for a while.

BB - bugger all volume, though. Although not a bad thing if we do get a stack of buys, providing the seller stays away.

The locals and Mongolians have had plenty off MATD already. Every year, more donations to something. But what do we get in return? Another load of paperwork and bureaucracy

“Direct communication make me understand is not case. Price drop from 2p placing share profit.”

Can you elaborate on this direct communication? Presumably nothing market sensitive was divulged, so shouldn’t be a reason why not.

“ I don't think it'll be a rushed affair”

No s**t!