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And more importantly the land permit
AGM announcement means MB is confident he gets everything sorted by then.
FOMO.
5p today?
Look like some hustlers getting worried! LOL!
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Should get RNS Operational Update leading to this with I expect Progress of preparations for Block XX development / production / Drilling crew availability - start dates etc
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But only for AGm
Mr Wos lol... dont think MB will rns signature;)
Waiting for big rns ;)
Thanks for making me laugh and remember; buy shares if you want this up. Sell if you think equity raise
Mr Buck buying more time with that late aGM. He basically has just under 4 weeks to sort this sorry mess out or it's going to be carnage . Let's hope WoS is right for once
Header say ALL and think some people miss point.
First - Oil price up around $89 with US inventory down, Brent oil futures higher, OPEC cuts in place & Middle East situation with Russia also say it will reduce (diesel) Export.
Back to Header - some people expect seperate RNS for Mata Sum actual Agreement signature. I do not expect it (but maybe it will happen)
Mr Mike Buck like to put lot of thing in single RNS - we see plenty of time this is his way.
This is why header say what it does as "The company is NOW stepping up the planning of Operations to complete the Heron 1 well for PRODUCTION" -March 1st RNS
Mr Buck probably think it is enough to say Agreement reach and ready for signing. Maybe am wrong and will give seperate RNS but just say this is not how he USUALLY deal with Newsflow.
He thinks more like he is running big company not Aim lost one and is good in some way how he does underplay & not overplay like so many CEO - bad in other way because some are not patient.
For myself very easy to be patient - this is just me and easy to see development in process already & BIG STRATEGY DEVELOPMENT which may small investor not built for.
This will be major Dividend paying stock for me with major capital gain also. Other will take there few hundred percent gain in coming days.
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At today's meeting of the Standing Committee on Security and Foreign Policy of the State Great Khural /2024.04.02/, the draft "Agreement between the Government of Mongolia and the Institute of Global Green Development on the legal status, privileges and immunities of the Global Green Development Institute" will be agreed upon. Although it was planned, it was withdrawn from the government due to the need for additions and changes to the draft agreement, which was removed from the agenda when presented by the Minister of Environment and Tourism B. Bat-Erdene.
Then, I heard information about the implementation of Resolution No. 03 of 2022 of the Security and Foreign Policy Standing Committee on "Increasing the benefit of Mongolia from the oil production sharing agreement".
According to Resolution No. 03 of 2022 of the Standing Committee on Security and Foreign Policy, "Investment, export, exploration, exploitation, extraction, and natural restoration in the oil sector, to obtain information on the ground, to study and solve problems, and to implement relevant laws and regulations." Member of Parliament B. Battumor was the head of the working group, which was established to work in the Tamsagbula Basin of Dornod Province and develop opinions and conclusions for the purpose of inspection. B. Battumor, the leader of the working group, presented the activities of the working group.
“Think few will get caught with pants down soon 😏”
Not heard that one before!
I’d say if we really aren’t producing oil by the end of this month, a raise will surely be on the cards, albeit they might not pull the trigger on it for a few months. They can’t risk leaving to too late… if they do, then the SP will drift lower and lower and they’ll never get the raise away at even a half decent price.
Clearly, I do not want this to happen. But as ever, the months just keep ticking by.
Whatever i say you will twist for your own ends. You are the deceiver here not me. We will see who is right.
So again a ramper that wants others to buy but is not committing his own money at these high rates. I understand. Would try the same in your position. Cheers mate
I'm in much lower and simply have to wait a bit longer. Yes i do think a raise at 2.50 wont happen in a month of Sundays. The upside is good, if you say 10 bagger so be it.
Over the top pessimism LOL...
Pessimisme is raise @2.5
But 10 bagger or tripple digit soon is completely normal. Whahaha
But i think first position will be long . As i think we will get a raise.
Prophetus just Buy (more) shares...
And if you pay 4.5 or more i am on the opposite side of the trade and we will see who makes money.
I do really care to be right or wrong perse as long as i make money. Here no position so dont care...if you all buy i can have a short position. Simple
BP It is simple logic...so much has been done and there is so little now to do....and spring is approaching. Not ramping at all. simply don't agree with the over the top pessimism. We will see soon enough who is right.
Researchandholdsaid //BP is like a stain on humanity//
As prof says - all you rampers BUY, BUY, BUY (or STFU)!
Professional, you are like the guy (olderwiser - ironically), who spent weeks and numerous messages talking how 88e would not show any decent flow of oil. He used similar language to yourself laughing at those who continued to hold and warning them to get out while they can and he put forward some strong arguments regarding no observed flaring etc etc. In the end he was proved wrong...and his condescending, smug and ultimately ill-informned opinions were little more than an annoyance that most investors ignored. I see you as very much of the same ilk, especially calling the share virtually worthless which is plain stupid. I hope and trust that in a relatively short time you will go the way of older wiser - who has an equally inappropriate moniker.
Ignorance is bliss ;)
Keep the blinkers on..
And for once buy some shares tomorrow
Pathetic
@Prophetus.
You got it spot on. Totally agree.
Don't think there is anything more on the topic of LP to discuss really, land use is being drawn up for it to be signed and off we go to production,
Real discussion would be how fast are we going to put wells on production and how much are we going to make?
Is this a ten bagger plus stock by year end?
Deffo few bags soon as the next RNS lands which could be any day
What you are talking about is really nothing happening for another year. I don't think this is at all realistic. The last RNS suggests that due to the agreements obtained so far, the teams are being readied to go ahead anyway. What was contested was a small area of overlapping land which i think is easily resolved and perhaps already has been. In my opinion we are to all intents and purposes already over the line, and talk of raises and nothing happening for another year are just plain wrong. Look at the last RNS.
The "will of the people WANT Block XX development with jobs & royalty revenue this will bring.
The people of Mata Sum are ones that count because under Land Law it is there right to grant LP which they already AGREE on.
This was always PLAN A and the "will of the people" SUPPORT Petro Matad!
Think few will get caught with pants down soon 😏
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I would tend to agree unless we get a RNS in next couple of days then this will not go anywhere until after the General Election. No politician likes to go against the will of the people when there is a vote in the offing. If nothing soon this could well wait till after the Mongolian summer holidays and not till September this year.
We know that there is enough in the kitty for the first of the operation in block xx so there is no need to panic. Nobody is going to pump in further cash unless they have concrete evidence of why the cash will be needed and exactly what are the benefits in this further cash injection. If a need arises it will obviously judged on its merits and what effects if any it has on the individual concerned. In the mean time take one step at a time.
GLA