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Judo.
I'm confident due to the recent interview . As long as the local governor does not have the last say then it's all good.
Plus block 5 going ahead
I was winging about MB not doing anything but chasing paperwork and not getting anything else done.
MB has wasted few years of my investment.
Not a bug fan of how he operates
JODO and Doc83,
Completely agree with both of you.
JODO - sounds similar to Hamm!
As it stands, there is no LP. And I don’t care what various Mongolian reps have been quoted saying… I’ll only believe it when I see it.
Master
You're a bit of a puzzle! Sixty odd posts this year already and we're only seven days in: all optimistic and positive, and showing a lot of confidence in what the company say.
I hope you're right in all this because I've a lot at stake too.
However as I recall, and I responded once, about six months ago you, as frequently, pushed a gloom and doom message with a total lack of trust in the good faith and competence of MATD management.
Has that much changed in the interval?
I recon
8p by end of January
13p by March if block 5 is getting drilled
18p April once all issues are sorted and rig mobilised.
25p once Heron up and running.
What’s your thoughts tho regarding share price forecasts per months
Currently it's costing £4mill per well and PC is paying £2mill for multi well programme..
I wonder how much PM will pay considering they are partnering up .
If things go to plan which I'm confident it will . We are looking at healthy profit by 2024.
Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling programme is in the final stages of discussion. The contract envisages a reduction in drilling costs and deferral of some costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract still needs to be finalised and agreed with DQE and then with MRPAM, but the cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related. MG portion is whatever the PSC agreement is plus royalties. The next operational update RNS I would have thought will elaborate. I anticipate we will know all by end of January "hopefully. GLA
Assuming the LP comes through next week what do people think would be a good / fair deal with DQE and roughly what form will it take. Ie cash plus drilling costs for share of income. or will it be drilling costs only for share of profits. Also how wells would be anticipate in first year.
Also would ;people know what share of revenue do MG get and whose proportion would this come from ie do we pick up the whole tab or is it split between us and DQE. Any thoughts on this.
it opens in 2025 its 2023 now they have to have the feed stock in place if not from petro matad where else area they going to get it from
they need the oil for refinery don't borrow a billion dollars from india to have the thing running of half capacity
If you listen to Mbs interview when PM found oil.
PC hasn't developed the south side because they didn't want PM to find oil.
They are only giving information because the ministry of mining has told them to share information.
That's my view
Master82, why would PC be paying someone to halt PMs advancement to production? They have signed a MOU to use there facilities and PC also gave us access to there data, doesn't make sense if that is true?? GLA
The governor is getting personal in this. He has no right to stop the LP.
PM took him to court in 2019.
Same land law should apply..
It looks like he is getting paid from PC to stop PM.
He didn't say anything bad about PC in that video clip . He was supporting PC.
LP is coming through different route but it's coming.
Yes got it from that application.
Looks like 14 Wells is nothing compared to what PC has.
The governor does not have any excuse not to give PM the LP.
I mean just look at it on the north side hundred or so Wells and PC can still carry on operating even though they break the laws.
PM hasn't even started and he is opposed to it.
14 well could be making PM 100mill a year in revenue minimum
Article 21. Issuing the results of the selection process
21.1. The state administrative organization shall evaluate the contractor according to the selection procedure and select the customer who has submitted the most advantageous offer to the government as the winner based on the basic conditions specified in Article 17.3 of this law and inform the participants of the selection process.
21.2. The state administrative body shall negotiate a draft product sharing agreement with the winner of the selection process specified in Article 21.1 of this Law, and in the event of a decision provided in Article 17.5 of this Law, enter into a product sharing agreement in accordance with Article 17.6 of this Law
THE LAW OF THE COUNTRY OF MONGOLIA. Article 20. Acceptance of orders for the exploration area
20.1. The period for accepting orders for the exploration area will be up to 60 days, and the deadline for accepting orders for the exploration area will be announced by the state administration within five days from the date of receiving the first order for the exploration area.
20.2. The order for the exploration area shall be submitted to the state administrative organization in a sealed manner and the following documents shall be attached to it:
20.2.1. documents proving the legal status of the customer;
20.2.2. profile of the customer and his investor;
20.2.3. Surname, first name, position, address, telephone, fax number, e-mail address of the person representing the customer, and proof of authorization;
20.2.4. documents proving the client's technique, equipment and professional skills;
20.2.5. guarantee of funds to be spent on exploration work;
20.2.6. work plan and budget for the exploration period;
20.2.7. receipt of payment of the service fee specified in Article 34.5 of this law;
20.2.8. if the client is a partnership, the role, participation rate and amount of its stakeholders in the exploration and exploitation activities.
20.3. The state administrative organization shall notify the customer in writing within five working days whether the order for the exploration site has been received or not.
20.4. The state administrative center and the state administrative organization will not disclose information about the customer to third parties until the contract is signed
Wow- master82, where does that 14 well plan come from , is it part of the permit application ? Great finds by the way, thank you
14 Wells planned
https://twitter.com/Smaster1982/status/1611486759543623695?s=20&t=_mtI8TEZgTzw-8e4YeZ7mg
Detailed map to compare from PMs presentation
https://twitter.com/Smaster1982/status/1611482454342381569?s=20&t=KQ59_lxogrC039GOsAz_oA
https://twitter.com/Smaster1982/status/1611475984565288960?s=20&t=qpBJJ5xDKWKuX4H2CVUFxQ
PM side has no Wells and look to the north. The small dots are all oil Wells. Facilities few kilometres away . Road leading upto the Facilities all done.
Here this might help. Not an expert but it'll give you an idea
https://twitter.com/Smaster1982/status/1611472024475418624?s=20&t=9V3l7v7zdGuKoILBF15Opg
Looked at the map, can’t see any houses let alone villages near by. Who’s doing all the protesting?
Ido a link to he map