Member Info for MisterPositive

Cash2, Fundraiser222, floated the idea that Snow Leopard could be a duster even before they Spud??? He sold a chunk earlier hoping the price stays low before he can buy back in lower ahead of Wild Horse Spud. I say if any one or more of the 5 zones from Snow Leopard come good, then entry price for Wild Horse will become more and more expensive.

More Sells than Buys and we close +3.43%..... Looks like MMs dont have much more placee shares to shift. Price held up very well. Next move could be up in my opinion.

Ironic, Fundraiser was referring to any remaining 6.5p placees selling now for a profit. May be/ may be not.....all speculation TBH. Any early discovery at Snow Leopard will put an end to all the speculation.

I think any Shorters out there would start closing soon. Same happened End of Feb when price stabilised around 8.8-9p for few days before it ran up to 13p within days. Even more dangerous now to have any short position Open given the drill bit is turning and any early discovery RNS lands. Would be fun watching them scramble to buy back at best price at the time.

Fundraiser, Shorters from 12p could very well be closing here, before any strike at Snow Leopard creates a Short squeeze for them. They only have a small window here. News could come anytime, if they hit a nice discovery early on.

Thought Wild Horse guidance was end Aug/ early Sep. That's not 70 days....from 9 July....that's early. RNS said "upto 70 days". I expect all zones at Snow Leopard to be hit early. Then Rig mobilisation to Wild Horse.

showing which is 14x their average daily volume, but price not updated yet??? Not seen that before...bizarre. something going on behind the scenes here I think.

From 90 Billion barrels STOIIP will come from somewhere...across the 6 basins....don't you think. Our 6 drills are tapping into 5 of those basins. I say we got pretty strong case here of hitting oil from all 5 basins. Distribution of those billions of barrels might be different from one Basin to another.

May be the 10p placees derisking a bit and leaving rest for the bigger rise later. Overall they still make profit, albeit smaller profit. Could be totally wrong here. We can all speculate as to different theories. These placees are providing shares at these crazy prices as no private investor in their right mind would sell at these prices, unless you got a very low average. I got mine locked at much higher prices. He11 after waiting so long, not selling at these silly prices especially when we just started the 6 drills campaign. If it was not for placees, then where else you gonna get such cheap entry price !!! You would be paying a premium to get in.

Well somebody is accumulating then on the Buy side of those Sells. May be few placees from the previous Placing clearing out. Not bothered with daily fluctuations. Fully focused on the end prize which is many many Multiples of 9p.

Love the 3 additional 'stacked' pay zones here on top of the shallow zones.

Ironic, Sounds good. Do what is best for you mate. Sometimes difficult to make that judgement call as AIM driven more by sentiment than logic. Hope all works out for everyone. ATB.

JohnH, Snow Leopard is a deeper well, drilling across 5 zones, both shallow and deeper. Any Oil shows here could have a 'Multiplier' effect as farminees on Standby jump in before price runs up too high. Then watch folks scrambling to get in much higher even before Wild Horse starts end Aug/early Sep. Volumes will increase as each day goes by. Drill bit turning..

Fundraiser, You might have lot of knowledge about both MATD and Mongolia in terms of the rich geology. But you made the wrong call last year selling out too early at 6p before the run up to 38p before and then Bergen fiasco stopped that run. You could have got in again at 9p last year and still made a massive ROI upto 35p...but you kept waiting and waiting. You don't want to make the same mistake again coz I think this time around this could go lot lot higher than the 38p we saw last year in my opinion. Farminees also on Standby....who openly told Mike Buck, they happy to pay lot more in case of strike and coming on board.

Ironic, I hold the other one also, albeit smaller Qty compared to MATD. Makes no difference to me what you think of me. I don't know you. We all here to get better ROI. ATB to you anyway.

MATD finally on its way to tapping into 23 Billion barrels recoverable (90 Billion STOIIP) across the 6 basins, 5 of which are covered by these drills. Potential 10-20 bagger this one.

Lonestag, Good recap. Next 12 months seem to be pretty packed here with 6 fully funded drills.

Abzzba, utterly clueless.....4.5p is cash value......and you spouting 2p??? And you expect folks to take you seriously...

Independent / different rigs being deployed for Block XX and Blocks IV/V. Potential here should be realised much earlier with separate rigs in action. I think Mike Buck referred to DQE (sister company of Petro China) as the one providing Rig for Block XX....might have to listen to that LSE interview again to confirm this.

Below seems to be the expected timelines for 2018 and 2019. (1) Snow Leopard - drilling now. (2) Wild Horse - end Aug / early Sep 2018. (3) Gazelle - Sept/Oct 2018. (4) Fox - Apr 2019 (5) Red Deer - Apr 2019 (6) TBC in Block XX.