http://www.proactiveinvestors.co.uk/companies/news/111161/shell-quits-arctic-exploration-project-111161.html So that knocks one expensive non-strategic asset out of the combined Shell/BG portfolio. Should hopefully improve Mongolia's chances of surviving any cull on the portfolio rationalisation.
19 Sep '15
The Yak trudges forward...
It is a good month for Petro. According to their reported timelIne: They will have already kicked off the "airborne full tensor gradiometry data acquisition and processing" project covering 11,000km of blocks IV and V (first time that tech has been used in Yak country). By now, they'll have also green-lighted Khet Co., for the acquisition of ca. 2000 kilometres of 2D seismic in Blocks IV and V. Both of those combined should nicely fill in some gaps and help pin point their next play (a couple of small drills). Buuuuut I have to admit, Winter is only a couple months away, so i'm not sure how much more they can get done (I doubt they are going to rush analysis of all that data and throw down extra cash for a winterised rig and crew. They'll look to drill early next year with a clearer picture. Just my two cents). Thoughts? Oh, also saw this story about Rio's success in Mongolia (despite teething problems) from the web, was a good read: https://au.news.yahoo.com/thewest/business/a/29568932/rios-mongolian-innovation-beats-tough-times/
6 Sep '15
Thank you flundra....
For your grimm outlook regarding MATD. All of the "die hard MATD Investors" are obviously looking for the silver lining; is there anything out there that you could put forward in that resprect? Thx
4 Sep '15
More news asap please
"Though there are some signs of private equity sniffing around, the market is currently flooded with assets because the major oil companies are in the process of divesting projects. The completion of Royal Dutch Shell's (RDSB) deal to buy BG (BG.) - expected early in 2016 - will not help with this situation as Shell is widely expected to rationalise the portfolio of the combined entity." This is from HL's Oil E&P sector report yesterday. I hope BG/MATD push Mongolia forward fast in the time remaining up to the Shell/BG merger. And make it so compelling a project no-one pulls the plug on it, if there is divestment post merger. There would hopefully not be too severe a drop in the SP even if it is divested, because the SP's so low anyway, compensation would presumably be payable, and if matters have been progressed, then it may well get picked up by another major - the Chinese themselves perhaps.
19 Aug '15
RE: More news coming...
Majic, agreed..but keep it quiet...ssschhhhhh.......No GRQ merchants required at the mo...
18 Aug '15
RE: More news coming...
Hey YakStew, I'm hoping you're right on Block XX! Hope I'm wrong but am thinking that the focus is on the work programme on Blocks IV and V - which is fine too, just perhaps not imminent SP catalysts. Think whilst attention is elsewhere on AIM, might be a good time to pick up shares here for an exciting 2016. BG (Shell) on board, cash and few shares in issue all point to potential good rises as we've seen in the past here. That, coupled with drill dates announcements and the excitement that brings next year will see a herd of interest arrive. Potential mulitbagger from these levels but prob next year.. let see. All the best. Majic
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