Member Info for maestro1

Jung

How much does well cost?

You are right, massive resource potential now..

Demon

Which one?

Tony even if they could afford to drill it alone it would be wise to get a partner considering the development cost will be high and we dont want pvr situation where we cant get farm in partner.

Copl have found a huge oil resource, this company warrants further research for myself. The company website doesnt have any presentations on so i have question

How much of the acreage do they own is it 51% or 67%?

Matd can make a company out of block xx alone, nice to see volume back at matd, when this happens news is always around the corner.

Initially they are looking for farm in to drill around 6 wells and cover seismic. If they get a partner matd will likely drill those raptor trends this year which are also low cost.

When have matd struggled to get rig? They will be drillin in q2..

Ojay

Where you been its bee blue for quite some days now.

The old npv of 50mmbo recoverable was done at $60 brent, now its $85.

Oh yea the npv10 was $320m then, now its in excess of $500m just on heron discovery alone.

Exploitation license in place no stopping matd now.

Jimithebrush

Vast amount of placin shares were cleared a long time ago.

Meaning if a buyer wanted the asset they would pay $3 per barrel in the ground without anymore work done.

If someone wanted to buy Heron now, 60mmbo recoverable at $3 per barrel in the ground this will be £150m.

Heron is worth alot more than current mkt cap. The mkt will wake up..

Company seems to think as the reservoir becomes shallower the rates may increase.

Remember heron 1 flow rates were 3rd best in the whole of Mongolia. Petrochina have been drilling in mongolia for over 15 years.

Its the well cost that im interested in, less than $2m each. They can quickly commercialise with low costs.

54c now come on....

Hoping4bags

You jinx it, 50c now.. lol

Im sayin 50p by weekend

Earlofaim

Exactly, panr are not in production yet, can see copl moving higher.

Note: panr is not overvalued just mentioning price disconnect with copl

What a find, wise ones will hold and wait.

Look at panr mkt cap 564m.

Copl have found a very large discovery, hold on to this one. Applied for permits already started to produce from their.

Bolton

Patience, not many placin shares left, large oil find especially in USA, safe jurisdiction.