Member Info for kr1988

No we don’t it’s due to the pressure of the gas it’s had to be chocked back. They plan to do work on it next year but we won’t know how much is planned, the might put that sand filter in and upgrade the well head but nothings been confirmed

25% share dilution, the hope is that will get the plant working but no guarantee.

The LTH are getting shafted here but not much they can do im sure most are horrifically down here so this is a throw of the nice to recover some of their investment.

Well when a well costs 1.5 million, why not do a 15 mil raise and just go crazy ...... The reason is they want to keep coming back each year with a new target to keep the market excited. Keeps the bod in a job.

I just dont get it

I just read the thread, I dont believe someone would send a 4 word email..... They must have generic ones set up with the standard speil.

Yeah deffo, it be good to see the markets recover, after these last few years it will be so much easier than 2020 was when I first started with aim.

Hmm yeah the market seems crazy right now lots seem to multibag in a day, its trying to work out which will do and get in early.

All thats gonna do is kill tourism in Wales I really cant see that happening lol

I dont understand why Mongola doesnt nationalise the company, they could buy matd relatively cheaply and get all the money for themselves.

No Im agree Im think this is the bottom, when they start generating revenue that should help the SP as its a profitable business but I think it wil be held back over a fear of a fundraise...... Do they drill next year and grow orgnically or do they raise and do 3-4 drills and really get the market excited?

A JV is a good idea but if they can get Heron 1 upto nearer 600- 700 bpd and fix Heron 2 they wont need a JV as they will be producing enough profit to fund the drills themselves.

The update today was good howver they are only producing 200 bpd, they told us the costings which is rare. Looks to be making around 3 mil a year. This is ok but wont help with the plans to drill heavily this year to meet the taret set by Mongola when they open their refinerey. I feel a fund raise is on the way here to pay for this years activities.

These guys are flying right now, talking about production Q2....... If they pull this off it will be incredible. Why do they not have all these permit issues other companies have? Do they need a mining licence like HE1?

I cant believe the USA is that unbreaucratic?

Today's big riser, just did a dummy quote and got offered 39 pence but didnt have the nerve its now nt to buy at 42 :(

Watch this fly now today lol

200 barrels a day at 40 quid a profit that’s 8k a day profit. Just over 400k a year, it’s a start but still not huge compared with most oilers. Higher oiler prices will bump the profits slightly

Like wise I got in at 7 then it dropped to 5, thankfully I held for once and didn’t jump out. Looks like I’ll make profit here after all just wish I’d of brought more at 5 pence .

They have the investor presentation next Thursday night that should drum up some excitement I’m hoping…

If mou3 was a duster you just have to move on and accept it, like he said it’s a gamble everytime. We have mou5 coming up and that’s the big one

Kinda suggests mou3 was a duster to me…

Pred have tweeted to say the drill pad road is getting levelled, hopefully the spud will be within the next month

Great update, looks like drilling will kick off soon. Was it suggested wc 27th were due to spud?

No I’m Coventry it is actually quite salty and yes it wouid speed up the corrosion of older cars. I’d like to think it’s for safer roads but you may have a point lol