Member Info for shadow525

Whilst have always thought ZOE an excellent trading share and been in and out a few times making a good return on a short term investment, so not surprised on recent interest from the 2 companies mentioned. Whilst called this latest move around 20th of July (see post) with SP circa 9 pence, didn't actually play it (bad call) as with AML moving northward as well left funds there, but consider downside risk now increasing again with results due out in September so will still be watching for a while.

Added a few more here towards my 1 million share target just need some news on licence now, but still believe real gains will be made when MATD start pumping oil to the surface and looking forward to further exploration next year with the Raptors so a LTH anyway. Just adding more shares bit by bit as profits become available from other investments. GLA

Whilst got out on an overall breakeven from HNR days , ZOE did prove a very successful trading share and cannot see that the situation has changed much here as still giving good rises followed by falls. Would say if falls below 9p may give an opportunity again for another trade, may take a little profit out of AML. RNS on seed sales likely to give the SP a boost but be wary of results to be posted before end Sept as still likely loss making.

Whilst only purchased my first shares here in May just below 6p and have added a few more since, believe the outlook here looks extremely positive with oil prices recovering and the significant cash generation here. So will be increasing my holdings considerably over the next few weeks as I believe current SP well undervalued with the oil underground, potential growth next year and cash cover Trinity has to exploit opportunities. See this as a LTH.

No doubt MATD want to explore as many options as possible to help finance development of Heron and even Gazelle discoveries including partnership deals with one or even more partners. Personally believe Petro China are likely to play a part even if only in processing oil, but remember they have oil just across the border and economies of scale would likely to be beneficial to them and MATD.
Will be adding a few more shares next week, GLA.

If I had been a bit wiser first 3 trades would have been 800% return, ie on 100% return per trade 3 to 6, 6 to 12, and 12 to 24 or 8 times original £3k stake, unfortunately diverted some of the gains elsewhere so actually only turned it into £16k plus a few hundred extra on last trade but have finally wiped out my loss from HNR days so decided to call it a day here.

Joining the party in a small way 51p looks okay, hopefully will put the money raised to good use and strengthen the base here for the future, but guess this will take a while to recover back above £1.
GLA

Urgent: Mongolia's ruling party wins landslide victory in parliamentary elections: preliminary results Business as usual

Xinhua, June 24, 2020

ULAN BATOR, June 24 (Xinhua) -- The ruling Mongolian People's Party has won a landslide victory in the regular parliamentary elections on Wednesday, according to the General Election Commission's preliminary results. Enditem
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Being an oil investor for over 40 years and in several different companies in my experience the oil finally extracted exceeds the initial CPR especially as techniques with time improve. Granted this game is always a risk and you have to balance many factors, source, location, reserves, costs etc but I believe Heron will prove a good commercial find for MATD and don't forget PetroChina are extracting oil just across the border. GLA

Its why I used the word POTENTIAL, nothing proven until oil is extracted..

At current oil prices recoverable oil underground now worth in excess of $1.4 Billion and rising, whilst they will have to raise finance and possibly enter a partnership deal personally don't see this as a problem once exploitation licence granted and consider MATD a reasonable risk already 90% up over last 3 months and can see this breaking above 4p again if oil prices continue to rise but a LTH anyway either way.
GLA

Looks like it is gaining more momentum, hopefully Brent Crude will push on towards $50, bodes well if MATD start pumping oil to the surface later this year.

Hopefully will hold $40 Dollar level and push on over the next few months towards $50.
More cash generated by Trinity anyway.

Rightly or wrongly ZOE has been my trading share since HNR days and have successfully been in and out 3 times so far targeting 100% gain each time, this will be my fourth time but need 16p Mr Nation anyway to reach 100% target. Each to his own and have 2 long term investment shares but prefer to trade ZOE on the ups and downs (quite a volatile share) but GLA.

As I thought looks like its going to be a bumpy ride, but think the longer term trend has turned probably UP so a longer term hold, but buying a few on the dips and selling a few on the rises.
GLA

Licence is just the key and whilst yes when granted likely to cause SP to rise, real work begins they will have to raise finance (which will probably include an equity element), possible farm in and bank loans, they then need to drill multiple wells, arrange distribution deals and last but not least keep government and locals happy not to mention continue with further exploration and hopefully more oil finds the 25p SP target needs to be earned. My average oil share investments have all exceeded 5 years and whilst made many multiples of original investment not all have been successful, trick is the be well over 50% successful. PS unlike Jay12 I consider 33 million barrels of recoverable or at todays oil price over $1.3 billion dollars a fair starting point but hopefully they will find more with exploring the Raptors.

Yes think likewise and an old hand at this made my first real gains with London And Scottish Marine Oil (LASMO), then with Premier Oil and more recently with Faroe Petroleum although got taken out early with a Buy Out but good profit. Had failure with HNR but recovered almost 90 percent of loss trading ZOE, personally looking for 25p plus here but no doubt a few years away and more exploration to come but huge potential IMO.

Oh you have spoilt it I was so much enjoying the death spiral, watching the share price rise month on month over the last 3, however did think 4p ish was about the limit prior to exploitation licence being granted. We really need to look back in a years time once oil has been flowing for a while and we are onto the next phase of exploration and the Raptors
In this for long term anyway.

Just loving this Death Spiral Jay12 since I purchased the vast majority of my shares 3 months ago at 2.4p average, Up 13.85% last week, 45.1% over a month and 80.49% over 3 months lets keep it going.
GLA

Yes as posted a few weeks ago can see 12p - 13p this year, but will hold anyway as can see much higher in a year or so's time as extra production comes on stream.