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IF we get the Velociraptor rig as planned (it's not definitely ours until it's ours) then the Share Price will appreciated into the spud and through the drill.
Not for the faint hearted if we don't have the Land Permit 'safety net' by then.
Hopefully we will though. Heron is our 'bread and butter' nailed on producer/income stream/future enabler
Any of the Block V drills would be the cherry on top. An enormous huge cherry with lots and lots of cream.
The Share Price come the end of the Mongolian drilling season will be very interesting.
Company presentations through next year too:
Drilling more Heron wells, forecast production rates/income streams.
Updates on production plans for any successful Block V wells?
Early indication of how they plan to move into Wind/Solar/Green energy using the forecast cash flows.
Updates on further exploration drills on Block V and any newly acquired blocks.
This time next year Petro Matad might be huge.
Most of the above (bar geology) is predicated on the acquisition of the Heron Land permit.
We know it's been circulated for thoughts prior to hopefully being signed off by Cabinet.
(Read that on this board somewhere but can't remember who by though)
It's been designated as of 'National Significance' so should be waved through.
With hindsight we'll all wonder why there was so much doubt.
Never say never but I think it's pretty much in the bag?
'Things have moved along to much more advanced stage now'
Yes, they're on their gazillionth wardrobe meeting today....
....and still nothing.
Very advanced...and nearly May !
I’ve not seen a single deramper this morning Mr P, just people pointing out realities, none have said long term it won’t come off, just not as imminently as some are mis leading people with. So far the more cautious have been right as every week a ramper says ‘LP this week’…..still waiting….
Master just said oil this year guaranteed - no it’s not? When’s Mr Buck even said that? He wants it like we all do, but patience is required.
I’ve three million of these buggers, 93k worth to be precise, but I’m not going to lie or mislead like some feel it’s acceptable to do.
There will be production at some point, there will be a pipe line and the share price will rise, but maybe not for a while (although we should see a pre drill rise)
Very clear to see few derampers been recycling 3 month old news and creating distraction.
Smart ones here can see through them.
Things have moved along to much more advanced stage now and news any day now.
Best not to engage with these Trouble makers and waste your energy. Do not reply on their Negative headers coz that is what they want.
WOW answererd yourself 11 times, gets better LOL
No problem mr Wigster and understand what you say. Good to clear this
Be happy :)
Clever one Buying & know Special Certification will be done soon
WOS - just wanted to clarify who it was that was pushing it as urgent, as it may not have been clear to people in your post.
Anyway - hopefully it won't be long and lets just wait for the RNS.
Price UP + 0.92%
Also understand in this big picture why did Mining Minister promise 1-3month. Now no local permission & full speed on Special Certification with Docunent prepared & already submitted to Ministeries at 3 April
Think this should help people see clear what happening :)
If PM manages to SELL any oil this year I'll happily drink a pint of it!
Mr Wigster read post at 07:26. What did I say?
"it is being pushed as urgent"
Also understand other point I make with regular meeting of mr Buck / Am assador with Mining Minister.
Move from local permission to Special Certification. New oil block tender and other
All this help see bigger picture & what happening
Be happy sir :)
Only the derampers agreeing with each other you don't see anyone else lol, all come at the same time never alone, have to say that fruitloop badsmell does go it alone all year round proper mental issues
Sirbonidle is anothe deramper here look at what he just posted indirectly trying to say this will take a long time, have you not been following what's happening recently the government reshuffle and everything happening at speed like the land allocations to local farmers and so on,
Nah your just picking on old news and re arguing and posting stuff that don't matter, we might aswell talk about ww1 here
LOL
URGENT!!! the company wants it urgently. The company is pushing for it...... no one else WOS. Not MRPAM, not cabinet, JUST US.
"....We (i.e. only the company Petro Matad ... for those who confuse "we" as the whole of Mongolia) are pushing for the matter to be brought to cabinet urgently in order to allow in-field activities to commence to make the Heron 1 well ready for production".
Have a good day all. Taking a break from the mad house :)
Boys and girls L.P. will be granted . PM will be a producer in year 2023 that's all we need to KNOW.
When how and why can be discussed forever
WOS: "Urgent" is MBs words in the RNS:
"We are pushing for the matter to be brought to cabinet urgently in order to allow in-field activities to commence to make the Heron 1 well ready for production."
Just because they are pushing for it urgently doesn't mean that it will be treated urgently. In any case, for the Mongolian government the "urgent" pile could be things needing to be done within the next 2 years...behind the "very urgent" and "extremely urgent" things.
However.....it is just a signature, so hopefully they won't keep us waiting too long.
GLA.
Maybe one who say "personally I think this" "I think that" need to look at bigger picture like only 3 bid in 1st new block round from 5 tender. Also 9 new block left & Mining Ministry need foreign bid.
Person want to take chance to be out when Uptrend in place, sign breakout happen soon & Special Certification sign from Cabinet today or very soon no problem lol
Or maybe they look to buy themself ;)
People say WiseOwl why you repeat thing?
When sneaky Curiouser ask me where 'Urgent" come from I know he does not read LATEST RNS. It does not suit his sneaky way.
Read last RNS on 3 April Mr sneaky & tell me where Urgent mention. Remember mr Mike Buck & Ambassador have regular meeting with Mining Minster & Ministry.
Also remember Cabinet need new oil block tranche foreign tender.
Have just repeat all this for mr sneaky Curiouser again ;)
Be HAPPY but READ :)
Quite right CandC, when have the Mongolians ever rushed this through.
I bet if the refinery was opening this Spring we’d have had the permit a long long time ago…..
If we hit on our next drill we may be waiting for an exploitation licence and a land permit on two different sites!
That said and the counter argument, is how can the MG expect people to bid for licences when they have a record of not letting people get the oil out…..
So an interesting situation all round.
Personally I think we’ll get permit at end of drilling season so they push us back another year nearer refinery completion……but I hope I’m very wrong. This will come good, but oh the patience required is painful….
Full 24 Topic not disclosed mr Dozzababa.
Only 3 or 4 like you say. Main one about budget projections. They talk about mid term strategy etc. by Minisyer of Finance Also one topic about Ambassador appointments.
Like mr Big Bench say this Cabibet meeting are regular & Special Certification will get sign soon enough & immediate massive re-rate.
Today still have many topic to cover & happy I hold MATD share already :)
Where do you get URGENT from WOS?
The XX field is of national importance (nothing about URGENT). I presume it is of national importance as the intent is that its oil will feed the refinery that is being built, rather than being sold primarily to China?
The quickest route to production would have been local soum to agree to a land access permit, when the request was resubmitted after the initial refusal but this path seems to have gone quiet, which is a shame.
In parallel with the 2nd attempt to get local soum LP approval, the company, with the help of MRPAM is pursuing the ability to supercede the current local soums' refusal to issue the LP via the special purpose certification route.
This however FIRST has to go through various departments before being sent to cabinet. This therefore seems to be a lengthier option than local soum LP grant, but at least we are about 3 weeks in to this process.
Have a good day :)
Cannot see where all 24 topics have been disclosed on any news outlet, only 3 or 4 disclosed. If anybody can, please share
Plenty cabinet meetings week after week... are they just having a cupa and munching on nice biscuits ..... or are they actually singing stuff off?
Come on Buck we need LP news.
24 Topics ;)
Easy for Special Certification signing to be included specially because Project of National Importance & be pushed as "URGENT"
Happy to hold & very risky to not I think. Also with Buy signal preparation :)