Member Info for spike912

Is this guy for real lol? Clearly hasn’t got a clue about the company.

Kind of forgotten the cash position is about the same as the mcap

Makes you laugh at times

The wider market is red today too my portfolio is a red mess, trump not helping either

People will start buying in for Red Deer results before this gets even close to 6p.
Red deer could be within 3 weeks

Lol good luck with that

I guess you could also say how do you know it’s major? They stopped drilling due to legality, simple. Probably also to keep the politics sweet too.
What’s the point in drilling still to p1ss them off and make a rod for your own back.
Play nicely for a week and crack on.

In the meantime a juicy red deer drill bit turning

All it means is we will probably get news on RD before Heron, rather than other way around

$12k standing costs a day, cheap in this game, probably recoverable if matd have complied with PSC etc which they appear to have done

This is oil, and comes with political games. If there was no oil, why argue they want a piece of the cake. You don’t fight over an empty box!

Fair few of these 1000 sells again, maybe L&G back on it again given we took this into the 20s last week fairly easily
Does seem weak today tho

The Red Deer-1 well is located in a different province to that in which Heron-1 is located and has not been affected.

No issue

Terrier I disagree. Imo it’s panic selling, with many focusing on Heron and seeing they may have to wait a few more weeks for the TD, couple that with the herd mentality as soon as selling starts other blindly follow.

I would imagine if matd have followed the rules which they say they have, they will be makings serious threats of recovery of costs so I really don’t see it in anyone’s interest to drag it out.

Imo can see this resolved within a week then everyone will be back in.

Red deer there was talk they could actually still this in around 20 days!

Heron drill was on target, cemented fine, and progressing nicely. Happy to sit tight

Everyone panicking as if we have a blow out or a duster. Chill. Hold and see it out.

Whilst everyone is panicking about a small delay, everyone is forgetting we should have new on Red deer within the next 3-4 weeks, maybe sooner.

A classic over reaction with Heron and forgetting about RD

People selling today, but if we get another RNS this week saying all resolved, plus a good 7-10 days into red deer, you’ll have to buy at a minimum 20% premium

Read the RNS. No issues with Red Deer it’s not in the same province

35 day drilling, could even have some initial results in around 20-25 days.
Whilst Heron is a slight annoyance (but will resume in a short days/weeks imo) let’s not loose fact of red deer

The Company has followed the land permitting regulations as required under the PSC and in accordance with instructions from the Ministry of Mining and the industry regulator MRPAM

Won’t be an issue in my opinion. Sounds likes someone now wants a piece of the cake.

You don’t get this far down the line without following the legal guidelines.

Black and white. If they have followed the law, it’s just a pointless delay caused by the government NOT matd

Not worried at all.

And let’s not forget we spudded red deer yesterday, so plenty to look forward too. 35 day drilling, could even be more like 20 days in reality

It is also good to see H1 was being drilled on program and all fine. No issues for me.

Looks more like politics. Not a worry. Any costs we should be recovering anyway. Just hope the delays is days not months

Sadly we won’t be getting a 30% rise on spud. Look at the last spud, up to 9p down to 7p! Days of spikes on spud have long gone.
Double digits will only be achieved on the drill bit imo
GL have a good weekend

Mike I would give up buddy. Unless you comply with the rampers opinions your wasting your time. Debate, logic opinion and balance are non existing on this board. Your better doing what I shall now do is switch off from the board and let them get on with it. Not worth wasting finger power

Checking in, I see the bickering still going on, and funny how all of a sudden a load of new faces arrive pumping, clearly bought earlier in the week for a trade
Funny how hardly any of these were here two weeks ago when this was 11-12p

I believe it’s just another disclosure

Looking at the recent years accounts, and whilst hard to split, I would imagine they have spend in the tens of millions on exploration for the conventional, so we can recover back costs, say $30mil, which in theory cash alone should add 0.50p to the share price.

Then we have a free carry on a number of wells, this could add a future, say, 1p-2p

Hence I would say, post FO 2-3p, giving mcap circa £150mil

Can’t see anymore than that to be honest until drilling the actual wells.

As long as we don’t end up with a Cluff and having to raise to enter into a part cost of the drill

My only thought lingering is the fact they had substantial interest so you’d hope DW has had a choice, and not having to pick the best of a bad bunch and take what he can!

I thought is was 8-12%? Either way as long as they go!