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thanks for this post bishand,
I've thought I'm mthe only ony one here who's annoyed be the constant rampingand repetitionss of SBB 1 and others, the highhandness of like like ojay and prolenless. sometimes I wonder if these True Martians copy their wisdom straight from the geological books from their nearest uni?!
If you leavew these people out, this could be a near normal bb.
PM, high risk, possible high reward.
Wouldn't it be a nice surprise if Char would not drill a duster ?
Was hoping that Tullow had a strike first, so to finally derisk Namibia a bit, and to see a nice rise in our sp before starting drilling, but so we have to wait
2 weeks for good news.
Be in here and Petro Matad, all or nothing.
Fundy is laughing all day because the TRUE MARTIANS replying to everything he post in herds, instead to ignore him as adults would do.
Funny bb this.
Any company with a poor drill/success ratio will be
regarded - apart from people like the ones who call themselves here "True Matadors",
with extreme caution.
See Chariot, see SQZ, (the rise of SQZ was not based on a drilling success) or eben Petro Matad.
As the True Matadores have no influence, as I as a small investor here, in the sp what so ever, compared to the mm's I would not expect sudden rises, if they find something, it'll be a firework, not before.
Ref:: your post 7.57
Yout post is spot on, sir.
The true matadors or whatever they stupidly call themselvesand LTH feel supirior to inver´stors who came in, took a chance with either one or two wells to be drilled by PM this year and were hoping for a profit.
The difference between the True Matadors ans for example me ist that I accepted the risk when it comes to exploration drilling and took my loss without suddenly blaming the bod or who evers fault it was in their eyes.
there is another chance for me to recover my losses, if not take my losses and move on. This is something the True Massas can not do, because they would realize that they do not know what investing is and what risk is involved. Where have all the Main Rampers dissapeared to? Reading posts from the people who came up yesterday with "I knew all along" etc. is useless.
Sometimes I wonder if some of the posters have nothing else to do all day, except to write posts on one or more bb's.
I have a job and a live apart from investing for fun and profit.
Bishand:
Some of your posts are fair and square and for sure you have the right to ask them, or to question the wisdom of PM's bod,
but I think you are premature.
Wait till the results of the first well are out. But if on tomorrows meeting the bod announce a strile/duster, that the rig is already being transportet to the next location. If something like this has happend prior to todays date then you are entiteld to condeming everyone.
Ojay + Turkish:
Agree, it seems that a few posters, don't care if the have shares here or not, have already begun to dig a grave for PM while we are still waiting for the result of the first well of this campain, which can last well into 2019.
I myself have not given up hope for positive results from well #1
mike r: Why shouldn't people i.e. Mr. Positives prediction the PM is sitting on a trillion boe not seriously?
I wonder where he's hiding or which bb he's harrasing now.
Had some DES shares at the time, bought in cheap, but still lost money after that fiasco.
After the Falklands hype, we had the Namibia hype, where btw two drills are upcomming,
my idea was to make a few quid here and move on to Chariot. Anyway - still time to do so
after the next PM well.
DES?
Hope that PM won't turn oil into water............
If they find something
Wild One:
A lot of things can happen when you're drilling a hole 3000 meters into the ground, most of them can not be influenced by humans.
I myself find 70 days for a hole of this depth quite long, but as i.e. i'm not familiar of the rig they are using in Mongolia, instead of the opnes i worked at in Europe, i keep my limited patience under control and do not start an unneccessary dicussion.
I go for very good news tomorrow.
Proselenes:
Thanks for the answer, I read about block xx, (Possible that I missed something important) still i can't see that PM would reliquish their licence, especially if they have a decent strike somewhere else and some cash on hand. Maybe we should agree that we have a different point of view here, but at the end of day, none of us will make the decision.
Why on earth would a exploration company relinquish a exploration licence just because they've found oil at a different location?
The block xx would be a bit less risky and IF PM struck gold or rather oil the farm in partners for XX would line up, probably paying at least 50% for the upcomming well.
Assuming that PM would not want to farm out after a strike somewhere else, they would at least look for a extention for a few years.
Sometimes one can only wonder...........................
True, the Frankfurt or Stuttgart market has no importance whatso ever on the sp, it follows only the AIM London market, neverhteless its possible to buy on both markets - St'gart and Frankfurt, therefore listed there
Frankfurt Symbol: WKN: A0QZWA / ISIN: IM00B292WR19
there was a dip yesterday, but if look a bit deeper you'll see that no shares of PM were bought or sold on Monday
a: People who are constantly trying to ramp this share up missed last time around to get out at a decent profit, and the'll miss the right exit point again.
b: Mr. P and SSB -1 have no decent knowledge of drilling/oil exploration, copy and paste as well as repeats are their strenght
c. SSB - 1 post's are thoroughly researched and well fundamented?? Rampers at their best.
mentioned that this is a bad bb, thought nothing could top the DES bb at iii a few years back, pm here at lse proved me wrong.
d: How can people like that have a normal job while posting 20 + useless infos a day?
Sorry, but there is a bit more to it then just half the time of Sinopecs drilling time.
For sure Sinop. used a different, much stronger rig to reach such a depth. They needed more time becuase they had to change the drillbit a few times, let alone loosing some eqp. in the hole, they had to use differnt drilling fluids because of the heat down there.
On average you can calculate on normal drillingprogress of 70 - 110 meters a day for a hole pm is drilling now.
Having said that, as they were trying to hit 3 payzones, if they were successful on one before TD, they needed time to cement that part.
Ironic, you're not only protecting your investment, you're and Mister P, or whatever his name might be, trying to ramp it up.
You pretend to know more than others, but at he end of the day you and many more here are just rampers with pnk glasses.
A real discussion with you and most other posters is not possible because the lot of you is biased. Any word of doubt is regarded as personal criticism.
One question though: From reading this bb for the last week or so when I decided to invest here I wonder how many of you missed last time the right exit/seeling time. Quite a few i assume.
Don't worry, no reply neccessary, registerd only for posting this on probably the worst bb in history.