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Seems complicated Dan. I've never been interested in shorting for the simple reason that it puts you in the position of always hoping for the worst to happen. I think that's not healthy psychologically.

Bid back to 1.2p. Maybe a bit of Fomo Friday this afternoon? We must be getting to the vinegar stroke in those farm-out discussions so something like an agreement principle could land early next week. From the info in the RNS, I suspect Buck is cracking the whip now, telling the farminee to put up or ship out as we have others waiting on the sidelines. Just possible somebody wants to tie in Block VII with Block XX. The RNS confirmed interest in Block VII too.

Exciting times.

That's useful info in those replies. Thanks both.

Ooh I'd love a short squeeze here.,

That's clear, CWooster.

Interfering = intervening. I must turn off auto-correct!

*seeing things

Morning Hamm. I'll go along with YOUR assessment and written calculations in December of Heron being capable of generating about 258 million of profit over the next few years with a farm-out. I assume you still seething in this uber-bullish way as nothing negative has occurred in the interfering weeks. So, like you, any farm-out would have to reflect this level of inherent value.

Mm games so far this morning, shaking a few out. Big buys outstripping sells atm but marked down still. It was ever thus here.

Bizarre post Corpse.

PLENTY said never to every single thing. It's easy to spread FUD on shares as investing is basically guessing how the future will pan out. There is never any certainty and this allows stockbashing scum to do their thing. It's so easy and lazy.

Spot on F3rdinand. They cast doubt on every development over and over again, spreading FUD endlessly. I bet not one of the rubbish have turned up here and apologised for being consistently wrong in their specious predictions. Casting doubt on everything is always their MO. Now it will be the FO won't happen, it's taking too long blah, blah.

At current $72 Brent we are clearing about 13000 bucks a day, from just two wells running comfortably within their limits. Route to market in place, backed up by a new MOU with the near-neighbours, another well potentially onstream in short order in H2, Gobi test primed and ready to go and the local regulatory framework streamlining all the time, with the Mongolians relying on us to feed the refinery in a year or two's time. We can certainly drive a favourable deal from that position.

Not sure about 25p by the end of this year, but certainly possible in say, two to three years. I would then be a millionaire..Just as I start drawing my state pension. Hahahaha

Agreed. Our MCAP is 20 million quid so very little priced in.

Morning. All eyes on the middle east and the Straits of Hormuz atm. US continues its massive military build-up in the region, the Mullahs are sabre-rattling and doing joint exercises with the Russians and the Israeli's are itching to start bombing Iranian infrastructure. The world is a tinder-box.

Is an acid wash an option, maybe if success with the proppant squeeze is limited? The thrust of my question is whether the proppant squeeze is a one-shot option?

Totally agree Avo and Shadow. Good name for a new Marvel crime-fighting superhero duo that.

Brent knocking on the door of $72.

Lovely.

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