Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We got multiple Price moving catalysts ahead.
2024 is shaping up to be a very exciting year with Timor-Leste finally getting in on the act.
Its all coming together now. Timor Gap is 100% owned subsidiary of Timor-Leste National Oil and Gas company. Timor-Leste Govt is finally backing this now. Sovereign Wealth fund is running low and Govt finally looking to cash in on the LNG boom driven by ever increasing demand from all those Asian Tiger economies, Japan and Australia.
Things are going to pick up pace now. No point for Timor-Leste sitting on Billions of barrels / TCF gas reserves without monetisation.
Penny has dropped now. Today is just the start of a very rewarding 2024 for all BOIL holders. GLA
Excluding the extended leads which we not even looked at.
$40 Billion quoted in recent press is for the original discovery by SHELL over 40 years ago.
"The Baron Directors consider that the Farm-Up by TIMOR GAP has a value to Baron of approximately US$8.5 million made up of a reimbursement for back costs of c.US$1 million and in the offset of future spend which in 2024 is estimated to be around US$7.5 million. The cash payments from TIMOR GAP relating to back costs will be finalised upon Completion and will be paid to Baron within 30 days of the Completion date."
So BOIL 2024 spending commitment is now all covered by Timor Gap Farm Up deal.
BOIL have FREE carry all the way.
That is why we giving 40% to Timor Gap.
Some people want to get in lower 😁
Will spout any rubbish !!!
This Header title sums it up nicely.
Been waiting very long time for this News. Finally
This will have a very strong finish to the week.
Agree with the Header title.
Finally BOIL on the cusp of "UNLOCKING" massive value from Chuditch.
GWMO is looking highly attractive from ROI perspective with only £3m MCap given recent results reported and developments across its portfolio of projects. Permits news due soon would Multi-bag this one. Cooperation Agreement signed recently also is huge positive in the right direction.
Yes. Superb grades and large size deposit.
The type of deposit Big boys like.. Barrick and NEWMONT love.
All will be forgiven when this does +400% rise.
Despite the widespread frustration caused by the delays over last 4 years, the simple reality is Mongolia needs the Oil to feed the refinery. This will happen one way or another. We are now getting closer to monetisation of Heron Oil field compared to last 4 years.
From searching various broker price targets, average consensus currently is around 20p mark.
Actual price might overshoot +20p level as it does generally speaking. I am very much looking forward to that point in time as first target. Rest will be driven by newsflow and future events.
Currently MATD is trading at a substantial discount. That value will be UNLOCKED soon as wider market plays catch up. GLA
They defo need 30,000 barrels of Crude oil to feed the upcoming Refinery.
Heron surely has to go into Production this year for Production to be ramped upwards in time to feed the New Oil refinery. Petrochina production has fallen to circa 15k - 17k barrels recently.
Govt updating laws trying to simplify process for Foreign investment also. All bodes well for PetroMatad which is a local Oil company which also got "Best Company" award think in 2021.
Doc83
People have the right to change their mind. Re-posting Past posts from anyone does not make any difference to future Outlook of the company we are invested in. Sure people can agree Or disagree with others but need to back it up with their reasoning of such assumptions. People are mature enough to make an informed investment decision themselves.
I will be upfront...been in and out of this share over past 4 years mainly due to widespread frustration caused by delays but future Outlook and Massive Upside is still intact.
That realisation is approaching fast now. Nobody wants to miss out on the huge re-rate and thats why we are all here coz this moves Up without any warning.
Do enjoy the back n forth banter though along the way to keep the spirits high.
Good luck to everyone here.
I think the header is bit harsh and unfair.
WOS might repeat things but also adds valuable points from time to time. Reminders are needed for all existing and New investors watching this. Some folks who were here back in 2017 full well know the Potential and upside here.
Repeat marketing is pretty common as evidenced by those annoying Google ads that keep popping up on this page OR those Big multinationals doing daily repeat advertising.
Thats how the Human Mind works. I rather have a busy board instead of dead board with no activity.
Do your own research, read the past RNS and enjoy the upside that is to come. GLA
Very appropriate header. Sums it up nicely.
MATD will soon be revisiting GLORY days like back in early 2017 without any doubt. Patience about to be rewarded "Many folds". Market will pile in coz nobody wants to miss out for sure. GLA
Block XX Exploitation licence was granted in 2021 with 2 further extensions of 5 years each at the end of 25 years.
Given the delay in starting Oil production, will they add 3 years lost to the 25 year period?
Yes. Huge upside from here on waiting to be unlocked that has been trapped here over last 4 years since Heron Oil discovery in 2019.
Hence the next move Upwards could be fast n furious knowing how fast this moves. Time to add or accumulate coz this can get to Double digits price in a hearbeat.
Getting new Blocks awarded close to Multi-Billion barrels Chinese oil producing basins would be awesome and will defo add lot of value to our Market Cap.
Heron Oil production and Revenues remains Priority.
News seems to be very close now, finally.
Agree with others thinking about a possible JV with Petrochina and PetroMatad for the New Blocks. Petrochina coming on board and doing all the heavy lifting in the 2 new Blocks while PetroMatad focus on ramping up production volumes at Heron oil field.
Dont forget Petrochina production been declining from their Blocks 19 and 21 after peaking at 25,000 bopd many years ago. So they need to find new discovery. Our Heron Oil field in Block XX should fill that gap.
Current MCap is way too low and trading at a Huge discount to fair value.
Yep. Seems like Herders have finally received payment that MATD paid off.
RNS this week pretty much on now for official / formal Land permit granted for things to progress ahead finally at Heron Oil field.
MATD price estimates by Alpha Spread using DCF valuation method are as follows:
Worst case.....18.84 pence
Base case......26.53 pence
Best case.......44.12 pence