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Maybe fin, but if the "signed sealed and we are delivering" RNS drops whilst playing that game, probably means that to buy in at the new sp price will wipe put all those tiny wins and all that trading effort 😄
Https://www.facebook.com/share/RbTeRFt3wgcXqYzk/
Good news is on its way
Researchandhold said //BP is like a stain on humanity//
// the new sp price will wipe put all those tiny wins//
20% a go isn't to be sneezed at if you do it enough. And the LP rise if/when it comes isn't guaranteed to be massive. IMV
WOS: "Special Certification NOT needed but as you say better to have it"
But the Progressive research note says completely the opposite?:
"in the longer term the company still requires State Special Purpose Certification of the Exploitation Area, which entails a number of regulatory steps."
Doc. Latest RNS. It is not needed for Heron
This approval covers all the areas in which the Company wishes to operate during the year. The approval means that the land use agreement can now be prepared and signed by the District authorities and by the Company and it will allow our planned operational activities to go ahead whilst the Special Purpose Certification process is completed
I KNOW what I know and stand by this - do not need it for Operations to start to develop Heron field.
In the "longer term" is something else because of Special conditions in Special Certification which cover more then just local Permission.
🦉
Thank you Mr Aeschylus.
Aeschylus - you're welcome.
Doc83 - the Progressive Research document dated 04/03/24 merely says that ' the company still faces a delay with the SPC. ' This is true enough, however the report also states ;
' PM has announced that its application for land access for 2024 operations has been approved by the Matad District Committee. This means that a land use agreement can be prepared, which, once signed, will allow operations to proceed, including the completion of the Heron-1 discovery well as an oil production well. This will allow Petro Matad to start generating cash flow that can be used to grow the business and add shareholder value. "
It doesn't state anywhere that the SPC delay will stop them from going ahead.
Well its crystal clear to me. The delay is sspc will not affect Heron operations for 2024.
Wos - I agree totally. I don't know why some are still saying that the SPC is necessary. It was always the plan B option when PM was being frustrated at the local level, as the wording of that 22nd Sept 2022 proves.
I don't think land access permit is time limited to one year.
6 posts from the activists in 1 day. What is that telling us. PM has probably got the green signal..
Mr profession - do you have his IP address because we know how honest you are? 😏🦉
Did you give the analyst our IP addresses?
Pro ; so go ahead and quote from the Progressive document exactly where it says that a delay in the SPC will hold up PM from going ahead with operations.
It's obvious to anyone with common sense who has read the 22/09/22 RNS, in conjunction with the last RNS that all that is now needed is the signing of the land use agreement - which is currently being prepared by the District authorities.
If I thought WOS was wrong on this I'd be one of the first to say so.
Maybe it's the wording of the RNS and the Progressive note. If it's all guaranteed, why the need to wear out the h, o, p, e keys on the keyboard?
"Although an agreement has been reached with the local authorities and Petro Matad is hopeful that its planned operational activities can commence, in the longer term the company still requires State Special Purpose Certification of the Exploitation Area..."
"Although this is an issue for some of the licence, the areas where Petro Matad wants to work in 2024 are not in within this overlapped area, and management hopes that this dispute will not affect the proposed works at Heron."
In Matad, we once exposed the boss who misused his power by holding the stamp on the 19th and 20th oil fields.
What do people make of this. Does it mean block 19and 20 merging as it was not developed like block 21
Pro ; to say that you are a trader you don't seem to know much about volume ( or activity )
Doc. Possibly because they expect the governor to try and stymie things. I'm not sure what exactly. Maybe stir up the activists? or try and find a loophole in their mad laws? Judicial review? Who knows! but I think that's what the company is alluding to with its caution.
Pro ; according to a chart I have just looked at, peak half hour volume on Friday was 4.8m, whereas today the peak volume which was at around 8.30am was 1.42m, with most of the half hour volume today being around the 0.15m mark.
Don't you know that when the volume is very low the share price is taken lower by the MMs ?
Pro - you are as much a professional trader as I am a professional flower arranger.
Pro ; if you don't know the difference yet between ' were ' and ' where ' then I'm unlikely to ever bother listening to what you say about stock market investment or trading. You can't even put the cap lock on and off without frequent errors when you write.
Researchandhold said //BP is like a stain on humanity//
Criticising spelling & punctuation is usually a sign of having lost the argument!