Member Info for MisterPositive

Noix, I like your 13:11 post. Good analysis of Snow Leopard. ..."stacked pay zones"....key words for me. Looking forward to the early shallow zones being hit for starters.

That effectively was the speeding ticket. You can put whatever spin on it. Same old news 2 months ago...nothing new. Idea of news leak was floated by few punters here. Same as any other AIM stock....simples.

TerryAli, Many thanks. That puts that issue to bed now. Fundy, Obviously with Oil shows, you will get a discovery.....call it whatever. Most important aspect is the 'Layered' / stacked reservoirs that Snow Leopard will target from one single drill pad. That is significant....don't think folks have really cottoned on what could happen here and how quick. May be if they hit oil at first zone and price zooms to 20p, some might finally wake up. By then they would have mused +100% upside. Wild Horse upside will be totally over & above Snow Leopard.

From today's RNS.... "In the event of a discovery, the Company will bring in a separate rig for testing." Fundraiser, What does above statement tell you?....you really think if they have a discovery, they will still not issue an interim update? OR as per your interpretation, they will only issue RNS right at the end?....makes no sense TBH. Either way better to ask direct question to Mike Buck whoever is in attendance either in person OR via conference call.

TerryAli, I believe you are going to the Investors presentation. Quick question for Mike Buck please. Q: Will they be announcing early Oil shows to market during operations? I will ping an email direct to Mikes email with my question also.

As Mike Buck puts it.....farminees waiting to see results. ..." They are happy to pay more than what they would pay today"... Nice one.

Wow...what an interview. Mike Buck said end of Aug/ early Sep for full results. Generally that includes full wire logs analysis, tests, flow rates, etc. He did NOT say there will be no Updates during the operations. It's a NO brainer, early oil shows and they would rush that news flash as that would be price sensitive info and should be released to market....cannot holdback in my view. Again direct question for Mike Buck.., * Will they announce early Oil shows to Market during operations?

Fundraiser, 70 days, includes extra contingency + Rig mobilisation from Snow Leopard to Wild Horse. There is no way in my view that it will take 70 days to TD. They provided 50 days guidance last year. Also If there are Oil shows, earlier then they will have to announce it to Market...cannot hold back....as that would be price sensitive info in my opinion. May be a Question for Mike Buck at the presentation if anybody is going just for clarity.

Rift, Snow Leopard itself will target 5 zones....both shallow and deeper targets. Shallow targets could be hit within first 2 weeks from 9 July as a rough guide and going by record drill rates achieved by Sinopec due to their advanced high tech equipment. Cannot believe it is finally happening after waiting for so many years ;-) Perfect entry price for newcomers. I averaged down considerably in last few weeks.

Degsy, I see you packed in at Ukog and set up stall here....where to next.....,LoL.

Rift, Good to have you back ;-)

Excellent news. On our way finally. All happening now and it's real. Snow Leopard - 5 zones, 2 primary and 3 secondary targets.

D1nger, Excellent post. Keep them coming.

Fundraiser, Snow Leopard Cos is quoted as 20% as it is classed as Wild cat, as no drilling done in past in this Basin. Oil shows from any of the 5 zones, SL drill is targeting and this will go mental. Should also lead to much higher Cos for subsequent drills.

Degsy, UT (uncrossing trade) is used by MMs to balance their books at end of trading day. MMs tend to flatten their books. They don't want overnight exposure. That's their business model. To me it looks like they messed up in the afternoon and got over exposed, ended up holding more stock. By the time MMs realised their excess exposure it was too late for them to dump stock in the market. Sell trades were far bigger in size Vs the small Buy trades late afternoon. Could be wrong but that's my view. UT was dealt at 5p... In my opinion.

Maestro, Source rock in Mongolia is so rich that it actually burns and catches fire........what more proof do folks need !!! It's just that all these years, nobody actually tapped into these hydrocarbon rich acreage. With size of MATD acreage, this company could become a monster.....I refer to it as the Exxon Mobil of Mongolia. Spud imminent, any day now....literally.

I think at £2.00 a share, back then estimates were only for about 100MMbo......others might know better who were in this share back in 2010/11. Totally different ball game now since then. * 90 Billion barrels estimated (STOIIP). * 9-23 Billion recoverable (at 10-25% rate). Across 6 basins, 5 of which will be tapped into with the 6 drills with the benefit of both 2D and 3D interpretation.

That does not look good. If UT trade was 5p, then MMs would mark it down tomorrow in my view.

Fundy, Keep your pants on dude. Spud is happening this week. Like I said before, Spud RNS lands next day especially with time difference, etc.

Well Spud RNS 7am tomorrow would certainly give Mike extra material to talk about at the presentation and be able to directly reference his PowerPoint slides highlight all 5 zones (shallow & deeper) being target from same Snow Leopard Drill pad. Farm-In news intra-day would just put a massive 'Rocket' under the price. Just a thought.