The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Mr.P. But I wasn't talking about Heron I was talking about Velociraptor. Slight difference in distance.
Somebody else mistook gallons for barrels in calculating the number of tankers to shift 3000 Boe per day. That's 11 tankers. If there's 100 million barrels at 3,ooo per day it will take roughly 100 years to extract and drive out the oil. I think we are talking about a lot more oil than that. Obviously if all comes good the plan would be to extract more per day but that just adds to the logistical problem. Anyway it got you all thinking about being realistic. Let's hope the pipeline gets built if we find the oil. More importantly let's hope we do find the oil. Fingers and toes crossed that we have a nice problem to solve.
Thanks for the replies and in particular Jimi the Brush. Hopefully the pipeline will not require a string of land permits along the way.
Well from the replies I've seen it looks like there are some heads firmly buried in the sand.
Build a pipeline--sure but how many years will that take.
Tankers-that's going to be a lot of tankers.
Don't worry the oil will find it's own way there. Ojay really. Didn't you go berserk when the LP issue came up causing the price to tank. Heron has oil in the ground but not being able to get it out and where it needs to go caused you a good deal of stress if I'm not mistaken and now you say don't worry about it.
I really hope there's a good solution but I'd be happier knowing there was a plan in place.
Hi.
I hardly ever post because I don't think I have much to contribute compared to the rest of you. I've been in PM for quite a few ups and downs and the downs seem to come when something unexpected crops up. Exploitation licence, land permit etc. As I understand it Velociraptor is in the back of beyond. I have everything possible crossed that there will be huge amounts of oil BUT assuming there is then how does it move from there to where it's supposed to go. Trucks? There's no pipeline that I know of so if anyone knows what happens after "thar she blows" I'd be grateful if they would illuminate me and anyone else who might be interested. Thanks.
What we don't need is another hasty flow report like WR16AZ. Let's wait until they are sure before popping any corks or crying in our beer.
Tks. IG and Ascentric.
Sorry but that link comes up can't open the page. Ditto scooby. Anyone else got a page that will load?
Could someone kindly tell me where to find the proxy form. I found a 16 page document that said it would be attached but it wasn't.
Is there a date for this second money wasting resolution? It must have been in the second paragraph if it was mentioned!!
If anyone is counting add my 600k against.
Thanks AJW. I don't post often but have been in Block for 3 years. I appreciate all your input which floats like a lilly on a murky pond.
Thanks AJW. Seems to have worked this time. In order to vote against who should I appoint as my proxy?
Did anyone else experience a problem trying to download the proxy form. I got a load of gibberish. I want to vote against can anyone point me to a safe proxy.
I agree Mantasz. I increased too because I can't see why MB and Petrovis would put more cash in if they didn't have big faith. Neither strike me as being there to make a quick you know what. Can't say I liked what happened to my fund valuation after the placing but it's a LT fund not a punt and shunt. Pazienza.
The 10% rate was agreed at a time when cash was close to zero and before the EL approval. Would the Mongolian banks have given prime rates with that risk profile?
I'm thinking short term pain for long term gain. It is in no-one's interest for the sp to be low long term, not Petrovis or Mike Buck. Part of the EL terms was to demonstrate funding if I'm not wrong. Any JV partner would have us over a barrel (no pun intended) so raise the cash this way, which if what everyone says about the reserve possibilities is true, and in the long term it will be a drop in an ocean of what we all hope will be oil. Some of you may be disappointed in MB now but you may be licking his boots this time next year.
I did cast doubt on Baillie Gifford being interested in PM due to BG's preference for environmentally responsible investing but it seems PM was under consideration in their Q4 company engagement on environmental, social and governance issues so maybe I'm wrong about them not being interested or they would not have made the 6 page list. If so- mea culpa. I have to say I'd like them to be investors because they do know how to pick 'em.
Kind of doubt Baillie Gifford would be in it for environmental reasons. If you look at their portfolio spread they have a section of environmentally responsible shares. Also I doubt PM would be high enough quality to meet their investment requirements. I'd love it to be true but....
I'll add my thanks too Mr.St. I guess the lack of an RNS may be the PC way to play it and for once I'd favour the PC way if it means not upsetting the people we need to get this situation resolved. Looks like we're getting back on the right flight path so let's wait for the plane to land safely.
SY f.P. I owe you an apology. When you first posted I didn't take you seriously and was rude to you but you've hung in through all the bad stuff. At the time the board was thick with Mike 31 stuff so I was a little sceptical. Apologies.