Member Info for wallact

Intra-day RNS or post Easter break? Not sure about this rise, guess we all speculate.

When MB was ask why the Chinese hadn't bothered drilling closer to the boundary with Mongolia (1940 wells) his answer was a little desperate IMO. Devil in the detail; Post RNS listen to the latest interview with MB, its interesting.
Still holding but TBH I de-risked this share by buying again at circa 2p.

of Liza phase 1 reached; Liza 1P1 tree. Getting there.

I know its AIM and all that but its poor isn't it?? They must be looking at the running costs now (not operations budget) maybe another fund raise? Will they milk this into a proper 0.*** penny share? I still hold a chunk on this however like the previous posts I guess we can all learn. GLA

Don't feel too bad, Rio put $5.3 billion in Mong copper mine and thats delayed too.

Quote; It is an exciting year ahead for Petro Matad; I make it 5 months!

Yes agree, well said. Wouldn't be surprised up or down on RNS; my guess is if things go well we will see a bit of a sell off at circa 10p? If we get a sniff of information on hydrocarbon shows in the first drill!! That will be interesting. GLA

some momentum across the pond.

Thanks for that info, very interesting. Whilst looking at available information on the Roraima block I looked again at the overview of the Guyana block map and over-layed the drill successes so far!! Its a impressive reminder of the potential for Guyana and Eco of coarse.

last year; this is basically the Political risk of dealing in Mongolia!

I think MB originally put some of his personal money in when he was fresh to the Mongols,however the country is relatively empty and non-industrialised.

I can imagine how difficult it must be to operate and I guess what I say to Matd, You got your investment from AIM but we are not all mug's.
Still holding for a multi-bagger but IMO don't expect a big rise on the rig news; we need to commercialise. GLA

Interesting, could this be preparation for drilling in Africa next year? Plus other atlantic margin projects.
KH is a good asset to the board IMO
Guyana continues to be a "no-brainer" for me, lots of action in the background, some say. GLA

I understand your point of view, however what would be the reason to spud in 2nd half of June?

I am not sure; They are putting a positive spin on the other channel.

More delays and waffle could turn this into a "barge pole" share IMHO. How did they get the 18M placement? Thats whats keeping me in.

In the Times today (business) that Rio have approved next stage development of Richards bay South Africa!!

Can never really tell but looks like 110% Guyana at the moment; Seems to me Eco are waiting for One maybe Two strikes then its "goodnight" and possibly sell to Total. Just an opinion.

Another enthused interview; I am a bit confused if we are drilling into Cretaceous on J-lobe?

Contract awarded to build Exxon/Mobile office in Ogle east Guyana; Is this a new Baku starting?

Good luck Im with ROCK THE KASBAH

the Grand tour is in Mongolia this weeks show; sure I noticed the Heron site! Have a good weekend. GLA
PS Nearly there.