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What are peoples thoughts on the Velociraptor drill, according to MATD this is game changing and for the government too, where do you guys see the share price on the drill?
This is a very good question and one i have been asking myself. My thoughts and i wonder what yours are is as follows.
If we have the LP then it is hold as all the downside of the drill would be covered by SP from the LP.
However if there is no LP at that point in time all we are in reality is just another explorer with the wildcat chances of success. The share prices go up as we reach spud and then around news time the price would fall back until news drill comes through.
If oil found it is a complete game changer if not we wait for the LP. Personally i want that LP well in advance of spud.
I Do believe the LP will come but I think like all of us here we are all just anxious to eliminate the risk here, The central government are new to issuing these permits and as they take each stage/step they will be slow but considering they did state to expedite this permit lets hope its with us within the next month
Velociraptor if successful could be 4 x bigger then HERON so this is not one drill to be miss so my expectations are we will see 10p plus on drill as we own this 100%
Add LP falling before or withing drilling I think we can easily see 15p share price here
Anyone think my expectations are too high to low?
Fully agree Ibiza: I wonder how any long time investor at this time could want anything other than the LP. As I mentioned a few days ago: The RNS which communicates the issuance of the LP will be the "mother of all RNSs".
All the other stuff is pure speculation - which may have a positive effect on the SP or not.
Let's focus on the LP: That is the key to PM's success.
Velocitrapror will attract many many many new shareholder here
Maybe long term holder focus on LP and think this is right but new investor will look at Velocitrapror 50 bagger and why so will go up a lot before drill
Be happy if you already have share :)
Yes, WiseOwl but let's be honest:
The " Velociraptor attraction" you refer to is based on a gamble (COS = 20%).
The Heron well, however, is REAL AND NO GAMBLE - as soon as the LP is finally issued.
If Velociraptor is capable of boosting the SP: Fine with me - but as I (and MB) say: it remains to be a gamble (COS 20%).
Be happy and ATB
Everything on AIM is a gamble
Ojay......have to agree with you imo concentrate on getting the LP and lets get production going and make the company self funding. regarding the velociraptor drill i know mb has said 20% cos but i just wonder if he thinks he knows exactly where the oil is and if that's the case and the drill comes in the man wont be a genius in my eyes he'll be a god and i'll be doing most of my praying around the med
I think the chances of finding oil at velociraptor are quite good as they are working around snow leopard last drill and know they have a working petroleum system, so this drill is most likely either find something or even put us at a better chance next time, 1.7 mil to drill so velociraptor 2 will be up and running immediately if there is no show of oil,
iamrich..... lets hope it's this time lol
The Velociraptor drilling should have been drilled a few years ago but no stress, I have waited a long time for this drill to happen. Never sold a single share even though the Heron debacle continues( but picked up a few along the way) which has been in my opinion the biggest hurdle it was bad enough waiting for the exploitation license. I would like to believe MB has been a little conservative with the estimated %age cos, for me now the anticipation is building so I really hope V1 has a successful outcome. 50x sp would be awesome. This is what I'm here for. GLA
Iamrich my personal opinion your expectations are a little low :+)) GLA
That's what I want to hear lol
And if it does come off, the line, you where only supposed to blow the bloody doors off spring's to mind, LOL. GLA
I suspect MB knows the Velociraptor drill is much better than 20% due to previous drilling in Block V, especially with the Snow Leopard results and other related seismic data , but he has to err on the side of caution in an RNS statement. I would guess because of the way he's spoken about it in interviews etc he may think of it as a 1 in 3 or better roll of the dice/