Member Info for MisterPositive

Lot seem to be getting packed into Aug. (1) Any interim update on Snow Leopard. (2) Block XX activity. (3) Wild Horse drill pad construction. (4) In case of Snow Leopard discovery, sourcing of test Rig. (5) Final results Snow Leopard (end Aug/early Sep).

Block XX Rig contract confirmation is expected by end of July, as they were in final stage at last count. So whether it comes tomorrow morning OR early next week, it's due soon anyway.

Yep, that £50k Buy was not delayed. Someone is confident here.

what a bunch of 'fekkers'.....Buys come in and they drop the bid price.

Should make a note and report corrupt ones to FCA i think.

Could be lot of good news in the pipeline...

https://oilprice.com/Energy/Crude-Oil/Chinas-CNPC-To-Invest-22-Billion-In-New-Oil-Frontier.html

China’s CNPC To Invest $22 Billion In New Oil Frontier:

.....WOW.......how much coming our way ?

Buying at 10% discount to 10p Placing is no brainer.....given the Oversubscribed book building process was completed in just few hours at 10p Placing price. This should have been over 10p not 10% below. Market has clearly Overshot on the downside. Unfortunately Market always Overshoots in either direction. Current price suggest worst case scenario from SL already priced in as it never rose in the first place on SL Spud. In fact it's still down 10% from the Placing price. I do not agree with some floating the idea of a big drop on SL duster etc. etc. Any drop would be extremely short lived and very heavily bought into....lasting just few hours...tops. However any Upside surprise from any of the 5 zones from SL is NOT priced in at all. Just my thoughts.

Yep. Buyers ahead. Picks up more momentum in the afternoon. Wonder if any US funds buying in? Could the potential Farm-In partner come from the US?......Farminee could be Asian Oil major also.....just a thought. Mike said about 'New country entry' in his interview....and the fact it's easy for them to sell it to their BOD once de-risked... Any thoughts welcome.

Think "strategic" just like Big Oil majors. Current proposed tariffs on US oil makes it more expensive for Chinese to continue importing US crude. They will be looking for alternatives....guess what the answer could be right across the border. I look at the Bigger picture and potential price drivers. Strike on any of the 6 drills and All of the Big Oil majors in Asia will be queuing up to secure Oil supplies for decades to come. Mongolia could go from 100% importer to Net Exporter of Oil supply.

stuart410,

care to share your logic & reasoning for that one liner please ?

other than lower entry off course.....LoL

yep, could very easily see 40p-50p range here.

Last year just on 'Farm-In' expectation & the huge potential, price got to 38p (£110m MCAP).

This time around if we strike just from SL and Farminee jumps in also....then 50p could be hit within a week or two on that double news. Market might take it even higher than 50p before we enter Wild Horse.

Would be the ideal position to enter Wild Horse spud....very exciting next few weeks coming up.

Yep. 90 Billion barrels estimate is from just 6 of 12 basins.

MATD tapping into 5 of those 6 basins with 6 drills......Lot of 6s there....LoL....

may be we can get our hands on 6 Billion barrels recoverable....

AND

EXCLUDES the potential from the deeper Permian layer.....similar to the 'Permian' basin in Texas (USA) shales.

That could be another +100 Billion barrels of untapped resource sitting there.

Upside is just too big to be out of this at this very exciting next 6-12 months.

AIM millionaires would be made with just one strike and £1 a share.

Nothing priced in for Snow Leopard pre-Spud as if it did not exist? Upside surprise from SL however would be a huge bonus and catch out lot of folks. Lot of folks using the long SL drill time angle to get a lower entry for Wild Horse. Construction of WH drill pad starts next month. Company is pretty much on target with their previous guidance.

Spike912, Price has stabilised around 9p...which is the same level from when it jumped to 13.5p last time before 10p Placing came about. Nothing else has changed. Market has more or less absorbed those extra shares. Equilibrium reached before next move up. Nothing stays up/down forever. We need price moving catalysts now to kick in for a sustainable re-rate. We could be on the cusp of the first of many near term price catalysts.

Ironic, Well said. MMs fully aware of expected news flow. They will try to collect reasonable Float as News can drop any time...who knows, tomorrow, next week may be? They don't want to be light on shares at this stage. Watch them sell back same stock at 30% premium when RNS drops. Investors need not worry, traders however will look for best entry points etc.

Still think Snow Leopard could surprise on the Upside and catch few out. MMs fully aware and on their guard also.

at 12.5 cents. That's about 9.5p

TD 3350. I hear what you saying Noix. Little confusing but equally exciting as we don't know when hit the black stuff. That keeps everyone on guard I guess. Being out at this stage is a risk in my view. MMs clearly messed about with the spread in last 5-10 mins to spook few holders to sell to them so they could collect some Float for tomorrow's Open.

Who are these MMs fooling !!! Was that their way of getting hold of some cheap shares for tomorrow's Open ? Dropping the Bid to get few sellers is the oldest trick in town.

Oh ok. On the phone. Saw it flash on screen briefly.