Member Info for kr1988

The government are hitting North Sea companies with huge taxes, maybe they should agree with the companies that they don’t pay taxes in return for reduced energy prices.

Right now labour are loving it, everything they do is blamed on the tories. Oh they left it a mess so we have to do this etc. they have to make tough decisions but when you make them at at least own them rather than just moaning about others.

Big drop today, maybe traders getting out incase results drop Monday…

Deep I agree, ideally a company who have done this before who know what they are doing.

If we leave it to he1 it will take years and alot of money to get into production

Deep your right, I thought before they did but I cant see it written anyware.

I suspect the fact that they went their last year and moved on to Itumbula suggests its a deadend

Yeah you said before about water. Will be interesting as if this is a dud its really back to square one with no money and two locations ruled out. They should of done the EWT last year like HEX are, saves so much time and money however they probv want to follow the 88e style and keep the company going on for years and years with no real prospects.

Yeah that local guy has been really diffficult. Ideally MB would do an interview to play it down or the SP will go into freefall over a fewar of a delay.

The BB has really turned, Ive got a feeling that the SP will pull back quite a bit as the board will turn toxic and people will sell. May get my chance to buy back in at 2.5. Heron 2 will be drilled mid Sep so I have 2 weeks to find the right entry point, any more and it be a tad risky.

Im not sure tbh, ive tried to stay out of it so I dont get fomo and jump in at the last minute lol I havent heard much about next steps but HE1 never really talk forwards its not LB's style.

With MATD or do you mean HE1?

We got the update yesterday so I dont have to sit all weekend hoping for an update on Tuesday so no wishing the weekend away for me lol

With Heron 2 it feels like you wanna hold for that drill or derisk a bit but Gobi out way before the results come through......

No one has answered how many bpd we need to break even….. that’s kind of key if the two herons make this figures then perfect if not I guess it’s better than nothing but we won’t be much further forward.

I see why they have gone with Gobi, it looks promising but if it’s that good why did they go after velorapeter last year?

Maybe he is trying to go safe this time round? Get into production then let the profits fund the exploration?

Yeah I agree legal, 3 or 4 would be great but 2 will destroy the sp, I think it can be traded however it will spike in the next update in a few weeks it’s just a case of getting in at a low price.

Knowing them it’s prob the rig that’s stuck down their lol

You never know with these companies, if it’s a duster they will tell you as late as possible and hope the other two do well. The share can’t do too many more raises at these prices.

Gobi what I think is that they plus Petro china have done well based on certain facts and based on this geology Gobi should be oil baring. Heron 2 is just tapping into heron 1 just a bit further down so should be safe.

Mb did say that the area can be unpredictable and that they can do lateral drilling to massively increase the bpd

I just did some reading into HE1, apparently from spud it will take circa 5 weeks. They started operations on the 29th July so tomorrow will be the end of week 4.

Monday is a bank holiday so we may get an update as early as next Tuesday. Maybe HE1 will will go into fomo mode tomorrow.

I think its ok to refering in the past, the oil hasnt gone anywhere. They would of done an EWT at the point and got 821 so I guess if it hasnt gone and the well is ok it should returen the same levels as before.

Dai I think your alluding to a delay, it sounded like after being set up they would then put it into production but it sounds like now they need a licence to put it into production....... I think right now what you would see is a large tap hanging out the ground which is then connected to the pumps when they get the licence. Master thinks its more than likly to be in October so thats quite a delay to production.

Legal on the MATD page you asked if Gobi is a wildcat, fdrom what I understand its not quite a wildcat based on the geology howver I think the cos is much higher in Heron 2 than it is in Gobi but I think its still quite low risk compared with normal wild cat programmes.

Hamm I agree, I sold into the spike hoping it would pull back and it has done. Its frustraing it keeps doing this but until it changes you have to play the game and sell into good news.

thats a fair point, i have noticed how quite its been here this summer, the amount of rhs has dropped considerbly.

one to consider is all, they are a lithium miner and the mining licence didnt get signed off before the start of the mali governments summer holidays. its caused the sp to drop from early 20s to sub 15 pence so potentially a quick 30% to be hand during september. they are good with money and all their weork is profgressing just a delay with the issiung of a licence.

matd id say right now could be a god buy ideally round the 2.7-2.8 mark, sell on news for a quick 20-30%

char they have started to drill as you know but the sp hasnt really moved so could be dangerous holding that into results as bad news will destroy the sp

pred they have been ******* about starting their flow testing, once that starts the sp should go up and they have around 3 wells to flow test plus drilling mou5

panr are due to spud in december so that one may build up in anticipation plus trading opps on he1 and hex on very good news

gex your in looks good but its been hit with the rumours so now might be a good place to buy in/ average down as it can only go one way from here id of thought.

Dai I guess what they do is open up the well put a camera down to check its condition before trying to flow oil, if it comes up then they prob get it ready for production then close it off before the pumps are added in a few weeks time.