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.
Seems like the Eco woman has p*ssed a few people off.
https://www.facebook.com/100011445393483/posts/pfbid0336rUtzKN2dwGqj79HtY8QYTEa7CNwGhVvnt1KKpdKZCYE5bvWomWuhN8Mz9S7ra5l/
Must do better. That is a very poor deramp. You need to learn off the better ones here.
Michaeldoogle- Who does that?
Sets up an account today and in their first post slams the company they're interested in enough to
want to comment on a chat board.
Fact :- Did not try to raise cash last year.
Fact :- Anyone invested in Matd knows Mongolian drilling ceases during winter at -30 temps until April .
Fact :- $6mill is not $4 mil a figure you decided pluck out of the air to suit your agenda.
Fact :- 3 week work over with equipment already bought & in country gets Matd into production
at 500- 800 barrels a day
Do the maths at $70-80 /b and then.
Crawl back under your rock!
We will only get the LP if it's granted by central government therefore overruling local government. Locals don't want PM there at this present time due to experience of PC where they have had no benefits and the added influence of the Eco Activist who is actually an ex local from Dornod. Locals won't realise the benefit of PM until the LP is granted and PM starts working with the locals and helping them and their environment.
On a side note on the Dornod FB page PC are advertising jobs for locals so hopefully they have pulled their finger out and realised you must work with the locals.
There might be a RNS tomorrow but nobody knows - we hope, but you know what they are like. As per normal we will just have to wait and see and hope for good news.
master82 - I made the point "in their minds". In their minds, they protesting because they don't want their countryside bastardised by oil rigs or whatever their problem is. We'll have Greta Thunberg there soon at this rate.
Let's hope you're right about some good news tomorrow. I just wish you'd say "might be good news tomorrow" rather than there "will".
How are locals going to benefit by opposing.
They will only benefit if they get some revenue/benefit from the exploitation .
DQE is part of Petro China.
So they are going to benefit anyway
"Guys, please tell me who benefits if MATD doesn't get LP? no body."
PetroChina
The Locals, in their minds at least.
In the last 3 years for one reason or another MATD couldn't get LP. It is understandable. We had Covid/ pandemic. We had boarders closed. There were lots of interruptions. On the other hand MG/MATD had given enough time to locals and encouraged the them to accept and grant the relative permit, but the locals didn't budge. All the negotiation options were exhausted. Given the circumstances MATD/MG have decided to solve the matter in national/ government level. If LP isn't sorted then NOBODY benefits! that is the point.
Guys, please tell me who benefits if MATD doesn't get LP? no body.
For that reason I really believe that LP will be granted very shortly.
I have been topping up nearly every day.
MMS really knows how to play. It is really not easy to get quote, but selling easy.
Hold your shares.
Also Heron equipment is already bought.
So JV partner will pay towards that too.
Jv partner will be pulling some cash out for drilling.
So even if we say 50/50 , PM potentially has 12mill to play with.
Well Michael: In that case you must be glad you weren't able to raise cash last year!
I'd also be aware of derampers Michaeldoogle. First post and mentions placing which was mentioned by who Tom Winnifrith. Say no more. You need to read up about the company before posting crap - seen all the deramping before
Old disgruntled shareholder here. Tried to raise cash last year but couldn’t
https://www.*************.com/views/62399/breaking-petro-matad-fails-to-raise-2million-placing-aborted
Loads of oil in the ground but costs so much to get it out. The $6m which is probably $4m now won’t touch the sides.
Plus nothing will get done anytime soon as it’s -30 in Mongolia.
I’d say be wary of the ramping seen it all before.
Fully agree:
1. Top priority: LP
2. Drilling new sites: Only if H1 revenues are available or a DQE deal provides respective funds.
MATD shouldn't start drilling before LP granted. I don't really think that MB is that naive to spend money before H1 situation sorted. We still have enough time to sort LP out, but MB should get himself together and push to get the license sorted fast.
Mongolia is very cold -30, so we have 2 more months to go but that doesn't mean everything should be left to the last minute.
Are we not missing something here. New blocks being announced is nice and all well and good but the reality is we really need the LP. I am sure MB plan was to get the LP start drilling and fill up the coffers which would give us more bargaining power with whoever we farm out to. But now we will explore with just the 6m in bank which will rapidly go down unless we can start to exploit oil.
For the the new blocks is all well and good but it is just a distraction from main issue and that is the LP. We were promised at beginning of December by MB directly from the Minister of Mining that we would have it within a month. It is now 6 week and which way you cut a month it is much longer than that. I understand that the wheels in Mongolia grind exceedingly slow but I wondering if there is a communication gap between MB and Mongolian Govt as well as MB and us on this board and other shareholders not on this board. GLA
I think LP and new exploration sites will come in together just not sure how price sensitive the new sites are compared to LP but will wait and see as you say GL
They cant keep delaying. Mpram said 10th then 12th now 20th. So lets se what happens tomorrow
I'd like to think so to master but I personally think it'll be the end of the month possibly beginning Feb as it appears nothing in Mongolia seems to happen fast. GLA
What is massive gross? Sounds like my ex