RE: Miton Finish - SP About to BREAKOUT!3 Nov 2024 16:28
Good FACTUAL post by Mr Velocaptor - position now for HARD Breakout!
4.5 to.6 BILLION DOLLARS OIL IN PLACE. Between 33 and 66 million barrels recoverable. Possibly more using modern technology.
Plan for 6 to 10 wells online in 2025.
GOBI 1 on test shortly
JV with DQE drilling pending
Refinery in Mongolia complete 2026
Current market cap 34 million pounds.
More news inbound on renewable projects and 1 or 2 other blocks with proven oil nearby.
BIG year ahead, massive rerate due and some big news in the next few weeks around flow rates, possibly 2 wells on production and a plan for next year which may include a JV, an asset sale or lots of other possibilities.
Exciting time for long term holders. Not such a good time for the downrampers who are trying anything to deflect from the massive positve story which is #matd
4.5 to 6 billion dollars of oil in place . 10 wells gets us north of 100 Million revenue next year pending a DQE multi well deal, which the company has already indicated has been discussed. Thus removing any further capital requirements at all.
32 Mil market cap ....... not for long