Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good example where research help to understand this thing.
- Change in law 2017 to give local Govt more power in decision. Local govt decide not to give land access
- New pro Business / Foreign investment Central Govt in power with lot educated abroad
- Mr J Gan ataar Mining Minister say last Oct will "get all sorted out in 1-3 month". Some people say mr Mike Buck make this up. Sensible person (no walnut lol) will know mr Buck make this in public statement so cannot make it up or Minng Minister will question this.
- Look like Mining Minister give last chance to do at local level but this did not happen or "1-3 month" would be true.
- Mining Minster go into action now. First transfer process from Governing body MRPAM direct to Ministry Control MMHI
- Make Block XX operations 'Project of National Importance', Make process as Special Certification & put direct to Cabinet for signing - NO vote by Great Kural, NO vote by Local Govt.
- First direct mention of documentation process from MMHI in 3 April RNS. By 22 May we know all documentation was complete & READY for submission to Cabinet BUT Ministry of Construction & Urban Development want to take over process as Ministry responsible for land access.
Why? Probably as Project of National Importance it is feather in cap for Ministry & future political ambition of dept members.
- This transfer could have been few week before RNS & can think other Ministry opinion will not change in this time. Think reasonable if we look at 6 week before (if we take RNS to RNS & understand have not complete timing fact but Ministry positions sane) will be few weeks NOT months for Cabinet submission.
Also understand now project status NATIONAL IMPORTANCE will not be anyone who will want to stop this. Status for reason to get Special Certification and with support of Govt.
If you understand what happen with Economy & new Govt this become obvious.
In meantime have countdown to potential massive V1 operations & expect Special Certifucation RNS in next few week.
This is with logic with fact known & line up with mr Master who I also know do LOT if research. No one have ALL fact but think logic best I can do & happy to invest for this.
Enjoy this good day today & think VERY good time coming :)
Think National economic concern & Central Govt strategy different from gas meter issue Lol
Be happy but sensible :)
Haha was about to say the same.
The project may be of "NATIONAL IMPORTANCE" as you keep banging on about but surely that's tied in with the refinery under construction rather that the prospect of selling some oil to China?
You mean lose production revenue in this time from PSC to save some oil lol
Lucky Govt & economy not run by BB posters lol ;)
Agree mr Master.
Think in next few wek as best estimate & from logic in post 07:26. Submission could already be prepare fir Cabinet. Do not know but not long from logical estimate
Now I enjoy beautiful day & wait for great news :)
//Think National economic concern & Central Govt strategy different from gas meter issue Lol....//
Stop being silly and trying to gnore the point of the example.
If this matter was so important it would be sorted by now.
You over estimate the importance/urgency. The fact is we all know the government want the oil for domestic purposes.
"The fact is we all know the government want the oil for domestic purposes"
Mr CAC
Please explain this & please reference this with revenue loss in meantime from delay in production?
Also why your gas meter checking job link into Govt economic policy & why they take direct control through MMHI to bypass Local control?
I can see who have really do research here & whnundestand what actually happening.
Thank you
I was a conveyancer.
I give you clue
If you look at Govt policy statements & economic forecast & Vision 2050 with energy independence report will see what Govt want.
Also will see how wide economy fit with revenue generating from mining / oil. Will understand how Mr BP comments make me laugh when he say delay to keep all ol till refinery built.
Look at bigger picture of new oil blocks & foreign investor drive with other comment from Mr Mike Buck & MATD strategy.
Also
ENERGY INDEPENDENCE MORE THEN JUST OIL
Think recent foreign affair minister trip to Beijing and talk if China investment DIRECT into Mongol Renewable sector & energy export to China
More here then checking gas meter in UK to use as example sir ;)
Very good reason I build up holding here all time.
Be happy & well inform :)
😂 some of you negative posters surely do know how to come up with some theories and on top make everyone involved also crooks,
Simple read of RNS and that what's actually happening lol!
We are going through and the first to go through new goverment rules and legislation for being awarded license to exploit,
To some of these mugs on here, why would the goverment tender out new licenses to new countries, why would the goverment be doing so much work around our licenses
Why would they even fly out with buck to IOM and waste their time and money ,
Guys stop the dumb theories and just plain and simple follow the RNS, because nothing else is happening unless we are told via RNS
“Lucky Govt & economy not run by BB posters lol ;)”
Love this. I mean this government who can’t even get a “simple” LP sorted and issued…
Anyway WOS, you said the jump from 4.8p go 5p was the share price breaking out. Now it’s back to 4.8p does that mean it’s had a breakdown?
I guess MG would have been run much more efficient if run by BB.
LP has been waiting to be signed for 4 years and still waiting!
Its not been 4 years at the government level.
It was left with the locals up until September 2022.
Only after that the process of granting special licence from the government has begun.
Don't panic it will be given
Another day and another day closer to Velociraptor spud.
Another day closer to getting the Heron Field production permit.
Another day closer to the exciting prospect of a small cap oil exploration company securing ongoing significant oil revenues with the upside potential of existing and new highly prospective oil exploration blocks and the longer term security of diversification into the potentially very lucrative Wind and Solar energy production field.
And the first two of those very likely in the next 2-4 months.
If this blows it'll blow big.
Worth a punt I think.
Another 2_4 months for LP= next year!
Year after year waiting!
You can say every day we are closing to LP!
Or you may say
Another day we missing LP!
you can be positive/negative but the reality is there.
No LP = 2p
LP ==== 20+
....blah blah - it's so tiresome and demotivating to read the dooms day scenarios, how about visualising the following instead:
V1 success, appraisal well success
LP and Heron field first oil/development
Farm in/funding confirmed
....and something exciting stuff about the visit ti IoM
+ other good stuff 😀
Happy Friday 🥳🥳
Heron oil find Sept 2019
EL July 2021
LP ?
Just like the US debt ceiling, everything will be signed off and in place at the last minute!!!
//it's so tiresome and demotivating to the dooms day scenarios//
Maybe share boards are for you?
Now that vikingglass is why I kept up number 4, good hussle
I was a bit worried about sliding down that list 🤣🥳
It's a well makeover, it won't take long.
And even IF it came too late to do this year would you not rather stick the shares away in the 'bottom draw' knowing that early doors May 2024 they'd be rigs queueing up on Block XX waiting to pump the oil and drill 5 or so new drills.
I think the share price would look pretty good in Spring 2024 in anticipation of that?
Of course it'd be nice if it happened sooner but still easy money to be made for the patient.
Rich this year or rich next?
Not many AIM stocks promise this.
Rich this year or next year !
Keep going or the next years .......
We have said the same thing for the last 4 years!