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H1 will only be 300 to 500 barrels a day but with 10 wells and oil price it's significant revenue
Mate its easy to sit on the sideline and grandstand after the announcement. Mike is going a fantastic job we are about to become an oil producer in a matter of weeks months so perhaps pull your head in and have a think about how big an achievement that is.
It's been a rough ride for shareholders but you are not investing in Shell.
Drilling V1 was a company maker. If this RNS said oil show he was the hero. It's frontier exploration IN PARALLEL to putting our discovery on production balancing exploration with production is a risk but thays where future exponential growth in the share price comes from.
This was always a low COS but it was well worth a punt with a proven oil system. You now go back and look at the data and perhaps thay throws up another target outside that trap.
We are licensed to exploit oil from our discovery. That is a company making outcome.
Look forward to a 10 well deal with DQE at their cost and we are off to the races
Well done Mike Buck. Took a while but you got it done.
Cheers
Haha nice try.....
How's you day job as a MM going?
Can't get enough shares , you are not having mine.
Haha wait for it, MMs will be trying hard to load up. Normally end of session the fireworks start and then 2 or three trading extensions.
You can't argue with one of the largest possible onshore discoveries in the world should we be lucky enough for it to hit oil. We know there is an active petroleum system
Best of luck to the long term holders, this has been a long while in the making. Absolute company changer if it hits the motherload.
Good luck matadors
Hi AI, not a ramper mate. I funded the some of the seed capital for Matad before you were trading.
It's an exciting time and multiple news flows incoming.
Unlike you, i don't spend much time on boards pretending I know everything. I live my life and have an actual job.
I invest in companies to make a significant return on my capital. In fact I don't really post very often unless I see pests and people with no shares making ridiculous statements.
I had an old account on LSE but this is my new one. Nothing unusual about that.
I am here for the long term and I think you should think about buying some shares here, as whilst on the more speculative end of a portfolio the risk reward is incredible.
Good.luck mate , I hope you can buy a few shares so you can get some of the massive appreciation in the share price which is coming regardless of those on this board.
Cheers
Southy / Oilstraliamate
I am not quite sure (other than the usual derampers) why there is an issue with drilling Velociraptor whilst waiting for the Special license to be issued.
At the end of the day there will be some short term spike in the share price when the well is spud shortly. We have a 20 to 25 percent chance of hitting oil which is impressive, but still a wild cat drill. This ridiculous talk of stopping the well is farcical. The Velocitaptor site is approved and ready to go in the unlikely event that we strike the mother load, production and exploitation will not be an issue.
The Special licence will be issued at some point in the next few days, weeks, a month. There is absolutely nothing showing this won't happen and the timing is annoying but really doesn't make any difference to investors.
So in short it's my view that this will be the timing
V1 spud about w/c 19th June
HERON approval before 30th June
V1 Target depth early July
V1 Testing if successful mid July
HERON production commences mid July and HERON 2,3,4 drilling scheduled with DQE
V2 early August
V2 testing late August
The rest is history
Good luck actual holders. What a great time to be a shareholder in this amazing next 6 months
Hoping for V1 success and that will be something incredible to be a part of.
Cheers
Haha spelling police.
Contrary to the crazy claims being made here by the deramping brigade this is classic MM behaviour to buy cheap shares before a BIG rise.
Don't fall for there games. The company has never EVER been better placed than it is right now. We are about to drill a high impact well with a multi billion dollar upside.
We are weeks, or worse case months away from becoming an oil producer with, let's say 7 wells, in reasonably short time,producing 300 barrels a day min. Plenty of revenue for additional exploration and more discoveries.
On top of this multiple other income and development fronts..
The long term holders are here to stay, we hold a big load of shares and we are here for the long term not 2 weeks for a quick 100 percent.
If Velocoraptor hits oil the share price will be 30p plus and Heron exploitation licence will get there soon enough.
So in short , I laugh at all the derampers trying hard for a.long time to manipulate a quick 10 percent profit trade. It's a she you can't see the amazing potential of this company but you don't hold shares so I guess you probably won't be millionaires shortly but sad little pests.
Great to be back, hope you like my new handle
Cheers to a life changing success if we get lucky on Velocoraptor. It's going to a dynamic few week.
Best of luck to the true holders
SOUTHY