Member Info for MisterPositive

With news on multiple fronts due anytime, traders would need to be on Alert.

Gradual 5% increase welcome. MMs know news is due anytime and guiding it higher in a controlled manner.

MMs doing a good job.

Have they grabbed enough. Time to switch gears

Should be back above +7p soon.

MMs had to collect some to set up shop.

Lot going on multiple fronts for sure in the background. Just waiting for the RNSs to start rolling in.

Quite possible they could be working on Bigger Player to "Farm-in" and come on board to Fast track Heron Oil field and whole of Block XX.

That would put a ROCKET under this current price

Keep thinking about the IOM meeting what business was conducted in that Board room between company CEO and Govt officials from both MRPAM and MMHI with company registrar present. Something big is defo in the pipeline. Happy smiles photos afterwards gives it away.

My own thoughts below:

1) Major Player has shown interest to come on board to fast track Heron Oil field development via Farm-in deal for Block XX.

2) Another Big player or same player expressed interest to Farm-in Block V also.

3) New Block licence approval signed off (Phase 1)

With Phase 2 tenders underway. Possibly with a JV or Farm-in agreed upfront.

All above would require registeration and transfer of "Working interest" between parties and would require Approval from regulatory agencies, MRPAM and MMHI - both of whom were present in that IOM meeting.

Speculation at this stage obviously until official RNS but you can use logic and hindsight with whats been happening in last 2-3 months to reach your own conclusion.

Some folks do not even understand the concept of NPV10. Too many self proclaimed experts here.

@ $60 / bbl Heron NPV10 = US$320 Million

@ $70 / bbl Heron NPV10 = US$400 Million

NPV10 discounts "ALL" future cashflows, both Cash inflows / outflows at 10% discount rate to get Net Present Value.

Key input Variable is price of Oil. If oil price jumps to lets say $80/bbl, NPV10 would jump another $80m approx.

From Company presentations, Heron is profitable even at lower Oil price coz they are low cost operations unlike some deep offshore wells.

Positive NPV10 is all you need. Heron got plenty.

Nice one Jimi

Everything moving in the right direction. All looking lot more positive now than 2 years ago.

Mongolian Govt seems to have switched gears now with a sense of urgency. They are defo lot more proactive than in previous years. IOM meeting is another proof of them wanting to move things forward and fast.

7.10 close on Barclays also.

7.10 also on yahoo finance

It will go beyond £1.00 if you happy to wait.

I find it very interesting that FaceBook and instagram pages are being launched just before multiple RNS.

Coincidence?

Depending on how many RNS he can find, we could be looking at 17.5p next week and 27.5p during rest of MAY.

Wait till Institutional investors / Fund Managers start to get in here.

Think soon we will need to upgrade Header to:

8p calling...

Good to see the Americans getting active also in Buying PetroMatad on OTC.

11 cents = 8.76 pence

OTC price reached 45 cents back in 2017 when we had that great price.

Should soon see repeat of 2017...could be even stronger this time around as we got lovely Heron Oil discovery with us already.

In my judgement (having witnessed what happened during 2017 price run)

LP would kick off the 15 - 20p wave

LP + Velociraptor-1 combined news could lead to 25 - 30p wave.

BIG gains ahead.

People need to chose their own Entry / Exit points for riding the waves that are coming.

Have MMs collected enough for afternoon session

RNS next week would blow the doors right off. Make sure everyone got enough tickets.

Far too much going on in the background.

MMs ready to take it higher by the looks.

This morning was just a preview. 7.5 close will be good.

Next week will be mega.

Ibiza. Superb.

Love your Bus route post .

Bus no. 7 ...8...10....30

As we know in real life when we waiting at Bus stop...none come...then all 3 come same time.

Could that be Bus nos. 7 / 8 / 10 ?

Happy Birthday Gary

Bet ya did not expect 7p today ;-)

More to come here. Enjoy your big day.

If 7.10 was their UT....

Then expect this to be taken higher than 7.10

Might touch 7.40 - 7.50 mid- morning.

Stay with the strong momentum.

Bigbench

your 7p call about to be answered today.

8p should come fast once 7p is gone.