Member Info for MisterPositive

194 MMBO from Heron-1

Another 500 MMBO from rest of Heron.
Then add Gazelle discovery which they still need to go back to.

Brent around $90/bbl

And MATD vaued at few pennies....come on !!!

Agree 100%.

Substantial upside here for 2022 and 2023 as we ramp up production from Heron Oil field and higher Oil price.

This can get to 25-30p this year.
40p or higher for 2023 as Production ramps up.

just approx price targets. Could go higher.

Last time it got to 38p we had less shares in issue but no Oil production and oil prices were low.

Today still with only c 900m shares in issue with big chunk held by Petrovis, we looking at substantial profits from Heron production ramp up.

Yes mate. We could see a quick run to 14-15p by April. Q2/Q3 could see further price appreciation with Brent very likely to be over $100/bbl.

US June Call options already at $100/bbl.

If JP Morgan $125/bbl forecast comes true for 2022...then awesome. They forecast $150 for 2023.

Perfect time to turn on the taps at Heron-1 well before adding Heron 2,3,4 etc.

$8/bbl trucking cost to Chineses refinery.

Thats why good to start accumulating while still cheap coz when Rig confirmation news comes we would be lucky to get any at 5p

This could shoot straight up to 10p after that with 14-15p pretty decent target for April.

Finally managed a Buy quote for £2000
Took them.

Then again goes to NT ?
Barclays dont seem to have much stock !!!!

Buy quote for only £500 worth !!!

No Buy quote for even £2000 worth on Barclays?

Yep. Been painful few years but finally we got to a point where we can start raking in loads of cash.

Once 4p goes we could re-test 4.85 - 4.90 level again ahead of news.

Agree. Too risky to be on sidelines as news can come any day that would push it towards 10p.

We might get maiden JORC for Amitsoq soon after 2022 drill campaign.

Would be nice to get hold of neighbouring licence also to Amitsoq. Whole area seems highly prospective.

GROC just need to add further resource after a very strong 2021 drill season during the upcoming 2022 drill programme.

Bring it to the attention of the market before either JV or buy out. Massive Upside from these low prices. I think there are only about 110m shares in issue....so when it moves, will move very fast.

Bigger player once on board can fast track to production.

Best to start taking positions now coz when news comes which could be any day, then it will be very difficult to get in sub 5p if you really lucky.

Wonder if that same Major Oil company that previously approached Tower Resources is in town? Or drilling near by ?

Are we looking at Bag or two on Farm out deal?

Close at 4p or above would be very bullish.

Close above 0.80 today would be very Bullish.

Can run up back towards 1p pretty fast.

Getting ready for move up.

Today could be last chance of getting sub 4p ahead of news that can pop up any day.

With activity hotting up we could see a re-test 0.60 over coming days / weeks.

God consolidation at this level before next move Upwards.

Could see a strong run in price this week back to re-test 1.05p probably going past this time.

Nice one. Looks like MMs did not have enough shares at the start of day so had to grab them from the market.