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Apparently election is June 15. What should we get LA before the election?
What would change in this period that we should expect land use?
The same story to me. 5 years and still waiting. Sth isn't right.
Let's say MG wants oil just for refinery, but it takes a couple of years till MATD production increas. It makes sense that matd should be allowed to extract oil now. Strong petromatad might be able to find more oil. That is the part that MG is missing.
Doc83, why do t you stop posting rather then ask the one person who actually does put up reasonable posts aswell as informed research here,
Don't worry about wos most people want him here apart from you and your two other usernames
Mr Doc - answer is YRS but difficult when I understand background Intel and want to share with genuine investor/ reader.
Will try my best NOT to post but as HOLDER I still read BB.
DQE? Very simple really sir - if you follow all different Intel leads you see how much upset us direct against Petro China. DQE is Petro China sister company (all this did explain before but will say again).
What Intel do we Know?
- DQE approach Petro Matad for JV deal ("unsolicited approach" is what Mr Mike Buck say)
- Also we understand Contract terms agreed & with Head office
- There is GOOD REASON and DQE ADVANTAGE to approach Petro Matad with field development / offtake component deal.
Think we all can understand that when we look to get Local Agreement (which is not common) and other issue then better not to promote Petro China link.
Also explain in correspondence I did get why they mention "sensitive issues".
No one have to believe this - this is how I (clearly) see it from all background Intel also.
Maybe I stop posting now - yes? 😏🦉
WOS - didn’t you say you weren’t going to post here anymore… Did I misunderstand? A simple yes or no will suffice.
As for negotiations with DQE/contractors, this surely has to ring alarm bells. These negotiations have been going on for literally years! This isn’t negotiating an exit from Europe, Brexit style. It surely can’t take years to negotiate such things.
Researchandhold said //BP is like a stain on humanity//
Saving oil for the refinery may not make sense to you WOS but with all due respect you aren't the Mongolian Government.
If you were PM would have been extracting & exporting oil last summer!
Let's hope common sense prevails and MG realises that this oil out of the ground is very much in their interests as well as PM.
The black stuff under the ground is worthless until extracted.
And all the red tape can be avoided if they get their act together
Oldscool, I'm starting to think that that is now the only plausible reason, I know they need energy independence but the refinery and pipeline only really started making progress when Matad found oil 🤔 GLA
Maybe let us use bit of Logic base on ACTUAL development / checkable fact so people can make OWN decision and not rely on 'guesses from air'.
Ms. Enkman Davaanyam Chairperson of Petro Matad / Link to Petrovis - Petrovis involve on "daily basis" with developments (this was in AGM Presentation - do some people who post here listen to it?)
. Maybe also explain 132 Tonnes of fuel to Mata Sum.
- Mata Sum get above 'gift aid' and think they just bit greedy. This is good because understand they will have 'price' & why Mr Buck PUBLICLY say "they do not deserve it" with Q about giving them more.
*Remember Agreement vote by Big Majority and Petro Matad negotiation team understand this mentality.
Mata Sum also understand Central Govt will force local governor after election so Local Sum negotiation position AND 'extra benefits' gone.
This is why will be BEFORE Election and why Petrovis / Petro Matad & Local Sum understand this - and why Contractor arrangements going ahead.
Point about 'saving oil for refinery' is very simple one but do not understand why people cannot understand it - Gov will only LOSE revenue from PSC and 'saving the oil' dors not even make sense - think about this LOL!
Red Dot will come shortly - Buy or not! 🦉
It's just an opinion/guess, Horsers. Like my guess that we won't hear any more news until Sept/Oct. I hope I'm wrong and it is actually "soon", "immanently", "any day now" etc etc.
And that it booooooooooooooooooooooooooooooms to 35p straight away. That'd be lovely.
Enkhmaa Davaanyam is the Chairperson at MATD. Why has she not been seen or heard of over the last few years…? Surely she must have some influence in the right places.?
It’s just seems to me that MG is waiting for their refinery to be finished. Bottom drawer again for a few years ….
So your latest prediction is Signature before General Election let's see how your credibility pans out this time. Reliable intel or just wishful thinking .
Mr LondonSuede - I stay focus on Investment end point & developmental progress - leave conspiracy theories for others.
(I will sell and not get complaining on BBs if I had real issues!).
- Petro Matad are organizing Operational start with Contractors.
- Expect local approval signature shortly and BEFORE election.
Why did Govt not order local governor sooner (remember Petro Matad not only one he stubborn on)? - If you follow media you understand always lot of talk of Govt abuses a d this is after big National 'Coal Theft' issues. Govt do notvwant to be shown like they push local decisions with Election coming up. Why they work with PM (MRPAM, MMHI & Land Agency) with Local Sum.
- DQE issue easy really. They are sister company of Petro China and not good PR to mention this when you are working with local Sum for local agreement & try to make dystance with Petro China operations.
We know DQE approach Petro Matad for partnership, deal agreed & with DQE head office for signing - Mr Buck understand (even if BB posters do not) better to not advertise DQE connection so much at this "sensitive stage".
Like I say - BB hysteria & conspiracy theories not way I make Investment decisions.
Buy hold or sell - I expect to see Operational progress / Production / Revenue in 2024 Drilling Season.
🦉
Master - you’re starting to sound like me! But I also believe there have been multiple brown paper envelopes exchanged.
Betchabygollywow - nothing from Peter Hitchens. Will see if I can call him tomorrow to chase.
It sounds like some of you are starting to crack! The day's posts are "what I reckon" unfounded conspiracy theories or handbags at dawn! And Master one mj ite you're telling us you have it from the governor that "it is approved" the next talking about being back at square one.
Doc. Have you heard back from Peter Hitchens? We could do with some understanding of the post vote process to stop people making up stories in their heads or losing their marbles. 🙄
Mr. Wos, so far i have been. a great fan of you. Interesting that you are quite protective of DQE and PC. i guess Maybe you are not in thailand but somewhere in Shanghai.
Master, your suspicion about PC sounds reasonable., Bingo, it seems like the idiot governer did get brown envelope approx. 5 years ago. It must be huge. He cant finish spending it in his rest of his life. Now i understand we are not under mercy of MG or the governorfook (and his two faced boss). guess who? thanks Master.
People: Now as before I don't believe that neither MB nor the BoD are blind to what is going on (unless they've received "brown envelopes" they couldn't resist accepting - which I don't believe).
Admittedly, I don't understand why the LP hasn't been signed/issued yet - simply doesn't make sense. As you know I have no other option than to remain patient - I hate that but that's the way it is.
ATB
Government has been dragging their feet to get a land access. They first said get exploration licence took a year.
They said get cabinet approval. Took another year.
They said pay this agency. No pay another agency. No wait pay yourself. Unbelievable..
After 2 /3 years of going to various agencies we are back to square 1.
It's like playing snakes and ladders. Just when you get to the end you are at the start again.
If the government were stopping matd the. Why would they approve everything and why is it at the last signatures for both landuse and special purpose ?
On top government is joint ventured with matd?
Dqe, nothing has been said about this, we don't know if anything else can be said until we get the go ahead so we would have to wait to see or ask these questions
I think people are thinking too much some are stressing and coming up with too many theories, it's as it is,
Also anyone else think the AGM was centered around the question that were submitted? Wonder if that's why questions needed submitting 2 days before, give the shareholders what they are asking for. Correct master why no mention either at the AGM or in the RNS? There was no mention of anything DQE or PC 🤔 Maybe that's just my suspicious side 😆 All will be revealed eventually. GLA
Jimi. It's just my opinion. Someone is holding PM back. it points fingers towards PC and the government. Governor is an excuse IMO .
Governor should not have that much power to hold a special project back. Like I said rail and pipeline project was dictated . A letter was sent to the governor demanding the land for special purpose.
If I can find it I will post it. Do you remember last year when I posted it and SP shot up. That is what PM needs a letter demanding the Land access for special purpose needs.
WOS, Wehther we have SL or not we are still at the same situation! Still waiting for another signature. It sounds unending.
How difficult is that MG understand that strong MATD is much better for Mongolia. If the governor is the same party as PM then that should not be difficult to be sorted. Why aren't there any willingness?
Master there are a couple of flaws with your analogy, 1, didn't PC give MATAD seismic readings to block XX being just over the fence? 2,And no contracts signed due to MATAD not having all necessary paperwork, why would DQE or anyone commit to something that needs finalising 1st and be stuck in limbo waiting on government officials to pull their bloody fingers out. mho, the governors holding out for his brown envelope, besides PC has enough of their own k r a p going on as everyone is aware. I can't quite put my finger on it but something definitely does not feel right. 5 year and still no production. GLA
wos. special purpose was given but it's not treated as special purpose. .
last year the district rejected pm is it because dqe was partnering up.
no mention of dqe in the agm or in the last rns.
pm should distance itself from pc to get locals on their side.
remember land was taken as special purpose for the pipeline by dictating . same should happen to block 20. they haven't done it.
the letter i posted last year when sp **** up was to do with the pipeline.
Mr Hamm - it isnt!
Listen to AGM presentation and Mr Buckexpkain this.
Will leave discussion now. Not difficult to understand situation WITHOUT conspiracy theories.
Have good evening 🦉
Wos, why it is all applied to petromatad?