Member Info for Loz786

Absolutely Maestero, will start to get exciting now after many months of lull :-)
People buying now should see good returns come spud imho

...need another 20% then im finally broken even :-)

Rig arriving in the next few days and once confirmed, then i expect nice slow tick up to spud.

Keep repeating yourself about 20% cos but guess your looked my for an entry otherwise you wouldn't spend your weekend here, just like you did when the first placement happened earlier this year.
Sad individual..

It will get signed sooner or later.
Yes expect s placing too but not shut me soon.
Personally looking at Feb/march drill next year but placing would be done higher then 1.2 imo.
Let's see...

Best to wait and not be haste imho.

flow rate of 120 bopd from TLP-102 once the pump has been installed.

TLP-103

Drilling operations have commenced ahead of mobilisation of the rig:Â

·          The team has completed construction of the wellhead cellar and a 30-inch conductor case has been hammered in situ in preparation for drilling. Â

·          Due to the size of the rig an additional access road to the site has been constructed.Â

·          The majority of long lead items have now cleared customs and are in country.Â

·          The Company has procured two wellheads from FMC that have been prepared and tested and they are on site at FMC's facility in Pointe-Noire.Â

·          The well design has been completed and is undergoing final verification testing with a third-party contractor using specialised software.Â

·          HSE planning and procedures have been completed and documented following site visits by specialist consultants.

·          The environmental impact assessment is nearing completion ahead of submission to the Minister of the Environment. Â

·          Security procedures and site protection are underway with the construction of fencing to secure the drill site.

·          All draft contracts from suppliers have been received and have either been signed or are in the final stages of negotiation.

·          Logistics, such as personnel and catering, have all been identified or contracted.

The Company has also received a notification from its specialist transport contractor, Ocean Transport, who are responsible for delivering the rig, SMP 102, from Port Gentil in Gabon to the Tilapia site, that the transport vessel, the Kota Bakat, on which the rig is to be loaded, is late in arriving and is now due to arrive in Port Gentil on 4 July.

After the delays over the last year, it is very pleasing to have a rig under contract and underway, and the entire team is focused on drilling a successful well.

It's quite clear, you only mention the sells and not the Buys :-)
I think your starting to panic for your entry price, as each post is starting to show your desperation.

Don't expect much Action till August and then hopefully things will pick up i.e. 2 months away from the drill.

Aye, desperation does that to individuals :-)

Maestero
Share your frustration believe me. Ed earlier this week finally responded to me via email reconfirming everything in place for July drill.
Almost there now, so hang on..

Spud around the corner, fully funded for all 6 drills.
Hopefully, we can slowly start to move..

Just patiently waiting for now.
Brought my average down slightly but still sitting at 11p, confident we should be in late teens by the time we drill.

You not invested, so once again why do you care?

It is frustrating indeed..
However, anyone willing buy and hold till drill should be rewarded.

https://www.ogj.com/articles/2018/06/mongolia-breaks-ground-on-country-s-first-refinery.html

My thinking too TA.
Buy now and you got a shot at two drills for current price, oh and another 4 more drills after Wild Horse :-)

Let's say you are right? surely you wouldn't be here if you had no interest :-)
Oh, yeah, your looking for an entry....

Don't understand why you concerned, as your not invested right?
Good update, esp with wildhorse to follow.

Ah bless..
Buy and hold till drill at least.
Ignoring the daily fluctuates unless one is a trader 😊

Finally, been invested for 9 months and now it's becoming a reality.
Sir back and chill for me.

Mike Buck, the CEO of Petro Matad said: "I would like to thank shareholders for their continuing support. It has been a long road travelled to get to the point of drilling, which is finally upon us. With the funding the Company secured in January and, pending shareholder approval of the fundraise conducted earlier this month, the next twelve months will see us execute a multi-well, high impact drilling programme utilizing two rigs and targeting prospects in a number of risk independent basins. This campaign will tell us a lot about the potential of our extensive acreage portfolio in Mongolia and we are very keen to get started. It is my intention to hold a meeting/conference call for shareholders in the week commencing 9 July to present details of the programme and to answer questions arising. Details of this event will be announced shortly."