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Hopefully tomorrow or next week gla
Surprised this isn’t 6p + but should see some big trades reported later
Wooster, think day traders and quick buck 10% have taken their beer money, but after dust settles this should start climbing maybe star off tomorrow, production to come now real money,
Patience wins at the end
Il be top slicing at 50p by Q4... watch this space
Bigbench guy you really think 50p by year end that's alot more then a thousand % here 10 baggers
Would make me filthy rich
Very happy with the rise today although it should have held on news at 4.5p but that's just down to so many instant profit traders in small stocks.
The build up from here will happen for all LTH.
GLE
Https://www.malcysblog.com/2024/05/oil-price-zephyr-longboat-petro-matad/?_gl=1*1p3yox4*_up*MQ..*_ga*MzMwNDA4NDk1LjE3MTcwMTI0MzQ.*_ga_7W1EBHDKV6*MTcxNzAxMjQzMi4xLjAuMTcxNzAxMjQzMi4wLjAuMA..
Last paragraph
I’m delighted that at long last that Petro Matad has received approvals to start its 2024 operational programme in three areas of operation. The share price has reacted accordingly, just imagine what will happen when the remaining areas that it is working in with plans to develop also receive there approvals.
Brokers note 23p even if we get half of that from here its a great return https://www.voxmarkets.co.uk/articles/petro-matad-progressive-d122adc/
Year end. Heron one flowing well. 2 to 3 more wells drilld and more planned for 2025.
50p?
Yes, absolutely then see what the other blocks and SunSteppe renewables add.
We will be there within 3-4 months my guess
Malcy has been following MATD story for years…he knows full well the massive upside from here….6 months from now a ten bagger will be had…. Just need to convince somebody to lend me 500k !! :-0
50p seems overly optimistic to me Thornogson, but it'll be a pleasure reading your "told you so" messages should it happen. Fingers crossed eh!!
On a similar note, not managed to post since first thing, so taking this opportunity to say credit where its due to Master82 for the spot on prediction and thanks to all those who research, dig out info and engage in the healthy debates and discussions. Let's hope our patience is handsomely rewarded.
ATB & GLA
Truth be told me to Wigster!
But I think somewhere between 5p and 50p will be fair value!
You heard it here first.
Thornogson, the new Warren Buffet!
Renewable Energy Projects
SunSteppe Renewable Energy (SRE)'s project to provide green hydrogen to Mongolia's major Oyu Tolgoi copper and gold mine is progressing. Wood Group is undertaking the detailed technical and commercial evaluation which is scheduled to be completed in Q3 2024 and multilateral and commercial banks are showing interest in this project. Meanwhile, on the Choir 50MW Battery Energy Storage System project, environmental studies have begun as part of the preparations to submit the application for the licence to construct.
A third project involving renewable electricity export from Mongolia to China is under discussion following the signing of an exclusive cooperation agreement with a major, state-owned Chinese utility. The agreement envisages a 1.5GW project.
SRE continues to pursue a number of other initiatives.
Mike Buck, CEO of Petro Matad, said:
"We are delighted to have finally secured land access on Block XX and are looking forward to getting back on to the Heron 1 site and completing the well for production. The special purpose certification process remains a frustration but at least now we can work in parallel.
SRE is making good progress on its two high-graded projects and the power export initiative offers exciting potential. It is very pleasing to see that numerous new opportunities are being generated by the team."
Further operational updates will be provided in due course.
Anyone know who the state owned Chinese Utility is?
Yes Jarv v good but no numbers.Gacexwe got anything from this yet financially yet could be very useful when discussing with DQE.
*******s 50p, i’ve been here 6 years, it’ll struggle to get out the teens maybe above 10p