Member Info for Doc83

You'd like to think an RNS is due any day. Heron 1 must be close to completion, as per the most recent RNS saying "mid August". They RNS'd the start of the works and said they "would continue to provide further updates". I thought we might get an RNS on how the PC talks went at the end of July - slightly worrying we've not had anything on this, but perhaps MB is waiting to tell us that along with Heron completion.

But yes, *should* know very soon.

Ojay - I’ve posted a couple of times with my own calculations on what revenue I think we’ll generate. Although IIRC it was based on more than 300 bopd! Even with two rigs going and the profit that should generate, I struggle to see how we’ll break £100m market cap (7p ish). I suppose we could have a serious P&D and a fleeting moment to get out with more. But I am interested to see how Gobi gets on… that has the potential to push this on.

Any thoughts from you?

"Who says it's blind?"

I'm referring to the "this'll be 15p by Christmas" type comments with zero rationale to back them up!

Blind positivity is not always a good thing.

Aeschylus, I'm sure there has been many an investor in MATD who are now 6ft under due to the delays.

Absolutely agree. Providing there's no leak/internal selling, which we know does happen with MATD!

Thornogson, this persistent seller sadly doesn't think so!

“Though I note none of the agitators have yet organised a threatened EGM…”

I’m guessing that’s aimed at me! Out of interest, if no AGM continues to be forthcoming at what point will you be concerned? Or will a 3 minute annual proactive interview keep you satiated?

“What is it everyone is so desperate to know that they don’t already know?”

A lot.

But just for starters…

1. How did we go from being able to afford multiple trials to not being able to afford any?

2. Why the delay for the AGM?

What genuine LTH wouldn’t be concerned that their company has missed an AGM deadline and has remained silent?

Aeschylus - I’d still like confirmation the PC talks have happened as scheduled and with a satisfactory outcome.

Fruits - are you satisfied then with no communication and a missed AGM?

Like 99.999% of content on here, absolutely no use at all :D

Ojay - as mentioned below, it was just for those who might be interested to see what things look like on the ground with PC's operations, essentially just a load of oil rigs in an otherwise barren land! Page 7 of the presentation had a top down map/image of Heron with PC operations to the north and dozens of oil rigs. The Google Map image is broadly in the same area, maybe a touch north of the area shown on page 7.

Thanks, master82. So that location is about 40km northeast of Heron. I was more posting just so people could see what the kind of set up would be.

Try again, Buhinhash1.ten (without the dot!)

lol, so search for buhinha****en!

i reckon heron is about 40km south but if you search on google maps for buhinha****en hudag, drop the yellow man about 20km east of there (there's a little circle to show you where you can view from), you'll see oil rigs everywhere spaced approx 100m apart, presumably petro china's. it might even be block xix, hard to work out. but identical set up to what was in the recent presentation.

TFG are not infallible.

Quite clearly, they have got this wrong like the rest of us mere mortals. What can they do now? Selling post sprinter failure has never been an option with such a large holding. I’m sure they were holding out for the next set of P2 trials like the rest of us but have now likely all but written this investment off. Or perhaps they are fed up with RM & Co but what can they do… get rid of them and bring some new blood in? Like who? And none of that would be quick.

IMO, they’ve probably been blindsided like everyone else, believing the BOD when they gleefully told us just a year ago that we’d be in the midst of multiple trials by now.

LS - I'm as cynical as the best of them. And I'm sure they'll have accounts linked to them in some way where they can add/offload shares without affecting the share register for the likes of TR1's. But you'd think they'd pump it up a bit more, wait until Heron 1 is firing perhaps, before offloading. My bet is that some II that took a punt on some in the 2p raise is now selling out.

LondonSuede - there is absolutely a very large seller. However, we don't know for sure that it is MB and/or Petrovis (or accounts linked to them, which they're very likely will be).