Member Info for MisterPositive

lol....sorry yes. Was typing in a rush. My bad. First drill in Western Mongolia...

Tony, Added a small amount today and few last week after selling some other stocks in my portfolio that were not going anywhere. Got my average under 11p now. Slightly Overexposed here ...will slice some around 20p area. How many?....mind your own business....LoL

Skenny89, Spot on. Commercial COS is very different to normal perception of chance of just striking Oil. Even Edison explains further down in their research note, that it's a weighted average of a number of factors, before arriving at their own estimated commercial cos. Yet fundy jumps in to spook a few to sell.....laughable really.

got another 24k....thanks to he11raiser....

fundraiser222,

will be buying at more like treble the current price if SL pops a nice big discovery.

fundraiser222,

what Page no ?

If MATD recover just 1% of what Chinese got....Price here would be in £££s

Mongolia and China share same geology & source rocks.

* Difference:

Chinese explored and discovered over +100 BILLION barrels, while Mongolia just started with 1st of 6 drills.

Breakdown of 'Productive' Chinese basins:

* Junggar.............10 bbo
* Tarim.................14 bbo
* Ordos................13 bbo
* Songliao............20 bbo
* Bohai-S.............40 bbo
* Quaidam.............2 bbo
* Erlian..............0.62 bbo
* Turpan..............0.5 bbo
* Hilar-Tamsag....0.5 bbo
* Santanghu........0.5 bbo

TOTAL..............101.12 BILLION barrels.

50 dma......8.636p

200dma....8.615p

Would very much hope so.

If Chinese found +100 Billion barrels from same source rocks & geology as Mongolia, then Mike Buck should be swimming in at least 20 Billion barrels :-))

think that 20% cos must have been fundraiser222 invention then...?

Simple 50dma now almost neck n neck with 200dma....8.615p

Exponential 50dma just crossed Higher than 200dma.....8.832

GOLDEN CROSS forming here today.

Colonel,

Agree 100%.

Few posters confirmed today, they were unable to buy MATD on IG, OR that it was unavailable...

We knew, early on from SL spud, this was going to drift little OR will be stuck for a wee bit. With 50 Day approaching fast, think most punters on sidelines are coming in now, before price moves up to Double figures.

Similarly IG positioning themselves for next move Up.

ColonelDrake, Would make sense for IG to adjust their position & hedge before news starts coming in. All part of consolidation. Traders are in every share and needed TBH. This will start trading in a higher range from what we had 5 weeks ago as we move closer to results and WH Spud each day. Next leg up in play now.

Captain, Lot of Oil explorers don't even provide any COS.

Should cover lot of things. Not the first time fundraiser222 has used his delayed line... Company provides guidance with expected dates. Mike mentioned in his LSE interview, has to deal with lot of beurocracy. That was also one of the main reasons he raised extra $18m in June for FOX and Red Deer. To make sure all permits are in place early and submitting budgets & work programmes for 2019 that are fully funded. If SL and WH strike Oil early, then they will be far more busy with appraising extra Billion barrels Upside from Block IV and V which is the sexy upside potential farminees are interested in. They can still run Block XX whenever Rig from PetroChina becomes available.

* recovery

Looks like it has found Bottom around 467...twice it bounced off that level in last 2 trading sessions. Could start to see some recivery here. Still very Oversold though.

After breakout on Friday on heavy volume clearly confirmed downside reversal. Takes a few days to adjust, regroup before ascending Upwards. 10p was approached twice in 2 days hitting 9.88p on consecutive days. I think it's just a matter of time 10p should break and thus starts moving higher in coming days. News is due on Multiple fronts. Any one of them could trigger the run Upwards. We all know how fast this moves.

Yes Spike... But you will get a spike before we even get to Extended well testing stage... Just a one liner.... ..."encountered large oil column".... Will send this flying...