Member Info for Investor_Tester

Also , i am not deramping here , i have over 10k in this and want to folks just to have a balance here of the facts. I know that this is very likely still to do multiples of current shareprice , but equally i cannot see the sharepirce rise daily like this everyday unless volume continues (unlikely) or news to be catalyst (likely as waiting on permit news and banking funding)

keyword in the beginning...." IF "

What is this about a sale.....the Banks are providing FUNDING , not BUYING the assets

Yes , the banks will be indirected invested in the assets , so thats as far as you can tie the two.

but alot of folks may not see the next funding news as encouraaging when it certainly will be

Equally , EUA still waiting permitting news on the key asset everyone going on about , so once that is announced , then the next leg up will happen

Anyone here going?

Good thing i bought in at 1p shortly after my post then :)

long term , this has multibag written all over it.
Short term , like next week , is anyones guess...but in event no news , probably will hang around 1p levels.

for traders , there is little to no opp here than what has already happened in last 2 days (might explain some selling out today from highs of 1.4p.

For LTHs , the promise is huge here and i totally understand why they holding onto their golden tickets.

For me , i personally am watching and waiting for entry point as this Banks news wont be settled for a few months , perhaps before end of the year , so hard to tell what the stable sp will be

Also the funding with banks is not a gauranteed outcome of success...if it doesnt happen , this sp will drop to 0.4p again....but that is a very acceptable risk v reward of multiples of 1p in success.

gl with whatever you decide

or the no of weeks til 20k bopd production :)

Thanks, totally missed that.

On which case, them seems a no brainer here.

Just hope they get that minority owner support before 1st Nov else everything else that will be easily approved won't happen

Gl guys

Sounds a steal here on first glance. Be interesting to know netpayback from them 30mil a year. Irrespective...even if only half that...echo will need to rerate to around 4 to 5p ....time to load up post approvals.

Also good its alongside TapiAike block

180-195bopd

Couldn't agree more. GAZELLE less than half the size off mmbo to Heron 1.

All these naysayers will be found wanting

I'm happy to loadup as wait won't be long for Heron 1 flows.

Gla
It

U for real ? they need to evaluate this fully before any release....no point being half-hearted.

I have never seen a oily doing flow rates come out early than expected other than when the test is completed.

not long to wait as said would be done before end October and they clearly fully focussed on that , so one can only hope it means it maybe a little sooner than near end of month and perhaps as early as end of next week.

lets see , but today is a right off and will check in again tomorrow

Most sensible post all day. Great explanation on the result of Gazelle

they will need to analyze the seismic to determine how far away the "sweetspot" is before considering either a sidetrack (as only so far you can do one) or a new vertical drill direct atop the sweetspot....very hard to assume which way they go , but they told us already they are reviewing it , so lets see.

Seriously doubt he would sell a single well , nor would PetroChina accept that.

I see a much stronger story for farmout with PC on this block...maybe even on Block V to fund some much larger opportunities quickly too. But these conversations dont happen fast , will need H1 to come in good and then i think MATD BOD will probably be looking for a partner to avoid having to fleece us PIs with another placing in future to fund new wells.

As someone else pointed out , we can fund wells ourselves a $2mil each , but this will limit the pace at which we can do them all. Having a partner strengthens the pace at which to do a multiwell program and really accelerate production from any success

time will tell

to add further on these key mentions in discovery RNS =

"Wireline logs have been acquired and analysis of these data supports the interpretation of a 77 metre gross interval of potential oil reservoir. Within this interval the logs also define three zones with a total gross thickness of 22 metres (14 metres net) exhibiting better porosity and permeability characteristics than is generally seen within the Lower Tsagaantsav at this depth including in the nearby wells in the T19-46 oil field in Block XIX. "

That last part key.....better porosity and permeability that is generally seen , even better than producing PetroChina T19-46 oil field (which btw is doing 8.5k BOPD folks!)

Lets go MATD , show em how goo Heron 1 is please for all us suffering LTHs

GLA
IT

Now who did that ? MMs sending codes to each other again ? I know 88 shares means acquisition or Takeover....whats 1 share code for ?

I recall Code 1 means RNS imminent.....lets see tomorrow

Duster , the petrochina block close to us is doing in excess of 8.5k Bopd

I think you will be surprised when we finally get the Heron 1 flow rates.

Fair point raised there , for all we know this could happen repeatedly in future and sp be 1p.

What i would argue though is unlike in smaller £mil market caps before to get gradually more entry , we now WILL have 2 x CONTROLLING stakes in 2 assets that I strongly believe RBD will prove up the assets more to eventually sell.

What happens to the proceeds is anyones guess...popular opinion is that will be extraordinary dividend , but i think a buyback and consolidation and using some funds for more exciting opps is better - that would allow us to demonstrate return to shareholders and an increase in shareprice to boot!

Well , whatever it is , i am very very pleased to be in here and looking forward to news post AGM approval and transaction complete.

Til then, any drops below 0.9p here i will be topping up

perfect short summary ... no brainer and I expected alot lower discounted price around probaly 0.6p or less for what is effective around 60% of our current market cap in additional funding!

timing wise ,this is the perfect time for RBD to strike it and take a much larger slice (and controlling slice) of the WN asset.

The BOD are great opportunitists and i can see that this SP will initally drop to below 1p i suspect , but very quickly re-rate especially if EWT news or CPR is shortly released after transaction is completed

I'm v happy here and will be piling in more if drops to 0.9p levels

care to share where ?