Member Info for kr1988

I think 900 bpd is the maximum heron 1 will do, 2 we don’t know yet.

Horult it only costs 1.5 mil to drill so really if they cant turn 1.5 mil in say 6 months they have massive issues

The spread now is huge, i think thats part the reason the SP looks like its gone up that much today.

If they are getting 600- 900 bpd surly they wont need to raise as they will be generating lots of profits. I cant see any more fund raises coming through it should all be self sufficient but I do agree it will go quiter as people know nothing will happen now until next spring at the earliest for the other Heron wells.

Hmmm interesting, id be annoyed if I had just brought into that fund raise. Suggests something is going on behind the scenes.

Maybe its trust legal? Its not got to production before so will it now? Maybe in production things will change but right now lots of different variables out their shich might be holding people back.

Yeah once the excitement calms down the SP will pull back as its aim. Hopefully by the end of the year youll see end of year results and see how much money they are actually making.

I think this was a dead cat bounce, prob tradrs brought in and bumped up the prie before others dived in before getting out before the close of play.

Heron 1 producing 2.6 pence

Heron 1 and 2 producing 2.4 pence

I saw it had a random pump how strange…..

Again another issue is Heron 2 we dont know its flow rates and Heron 1 was flow tested but until its brought online its a real risk.

If both come good it will be a good buy but still lots of uncertancy.

The problem is no big news is due except Heron 2 so traders are prob jumping out now so thats whats causing this drop. I can see it pulling back to the 2 pence region. Maybe it will recover but I think this is just one of these shares suffering from the general drop in interest. We msay see the January rise as peoplr get excited for the new drilling season but not sure....

I dithered yesterday and it went up 10% now up 6 today how annoying!!!!!

The winter deadline is for drillling and setting up. The agreement between Petro China and Matd can occur at anytime in the near future. I think the delay to the formal agreement may be down to how much oil they have. I’m sure the price will be different may in be 300 bpd than say 1300 due to economies of scale

I think it was in an RNS the other day, the winter deadline is the end of November so Heron 1 will be fine, Heron 2 is hopeful as well. It really comes to what comes out the ground at both wells. Heron 1 flow 800 bpd I believe.... But that was 4-5 years ago over a short period what can it do going forward long term? Same with Heron 2 what rates will it achieve.

I think both will be on before winter but tbh the SP hasnt really shot up so prob better to wait until end of December early next year when it usually rises into next year with expectations we might drill a few more wells with that rig thats hot stacked at Heron 2

Id hold off and if its a disaster buy in ready for the next drill. They must be confident they can drill through the shale but its a real gamble so your better off holding off buying.

They can pump oil during the winter they just cant drill so Heron 1 will deffo be on line before christmas and Heron 2 maybe.

I just dont know whats gonna get this sp up, they just need the agreement with Petro China which looks more or less sorted now. They are going into production with permanent equipment so seems positive.

The big issue is if Gobi is declared a duster that could harm the SP even if its considerd as part of todays SP.

Good shout ill look at them todsy as the sp is slowly creping up currently.

They now have the permits but gobi is a duster deffo one to watch this am where this goes as I suspect a few of the traders might get out today

Hamm I’ve just re read the gobi spud rns and looking at dates based on 20 days to complete drill it should be finished by Friday. Heron 2 was a week early so results could drop any time now!!!