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Any oil this month?????
https://www.bloomberg.com/news/articles/2022-07-29/russian-gas-pivot-toward-china-will-ease-europe-s-energy-crunch
Holding for action - Eventually - Oilf.
Why does Petro China want to start shifting Matad oil at Brent Crude prices when it is stuffed to the gunwhales with Cheap Russian crude ?
GLA - Oilf.
Yes, very difficult to extort something from you when you have not yet made a discovery! The question is who is behind the activist(s) who are commonly used to extract concessions from mining etc companies.
//Activists were ok when exploring but not extracting!// Quite! The blinkered hypocrisy of the activists is outstanding
Activists were ok when exploring but not extracting!
Never mind,
Two very active activists at least. One with 19k followers and the other with 35k.
It may suit Mongolian government to be like that! 1 activist!
Dear me,
If you are keeping an eye on events in Mongolia you know that there is currently an orchestrated signature campaign to try and influence the outcome of both Petrochina AND Petro Matads current PSAs ... which tells us that the decisions have not been made/formalised as yet (as the lobbying still active). It is.... a waiting game.
RNS due tomorrow? - you shoulda sold on Friday!
However Mongolian government has been very supportive and advance talks still ongoing!
MB seems missing too.
Have a lovely day guys,
How can you say that processes in Mongolia aren't slow, we are 3 years down line and still have to wait for the heads up from government ministries to exploit the discovery which could turn out to be 4 years the way things are "progressing" I do believe like a few others that the longer this drags on then I'm afraid the share price is going to depreciate in value even more, just need that RNS telling us it's they now have all permits in place and a plan of action to move forward and become a producer :-)) GLA
Processes are not necessary slow inMongolia . It very much depends on where political interests lie and whether political infighting exists. I very much doubt that political interests are aligned in this case.
Dazzer, we don't seem to be anymore further forward from your 1st post 2021 1 year ago, so just goes to show just how slow the processes are in Mongolia. We wait and we wait, GLA
I have my shovel and pick just incase, don't worry.
I answered your previous questions regarding what MATD needs to do!
I never wish anyone to lose money, but the way it goes it looks like it.
Hope MB gets himself together, goes back to work, and gets involved with locals instead of sorting things through legal process. They need to find other serious contractors with no conflict of interests!
God bless all,
Since you at least claim to be invested in PM the same would happen to you. That is not what a decent investor would wish for an other investor. I am out in the clear with PM, i.e. made more with this share than initially invested. In your case I would be more concerned about the "pick and shovel" issue.
BTW: How about responding to my post of yesterday @19.14?
Ojay, I reckon you need to get a pick and shovel and back to work soon after you lost all your money here!
Enjoy the crash,
Hamm: Why is it that you never place your questions at the source? Are you afraid of the responses? It appears you are just one of those chickens. Good luck with that.
Don't worry about it Hamm any good news and you won't be able to get a word in edgeways then watch out for the rampathon :-)) GLA
If MATD didn't have LP then why on the earth MB was too hasty to get placing done for one third of the price?
Why MB didn't clearly said MATD has Ni LP and we can't do anything till the law is changed?
Why it was ok spending millions in the last 10 year or so knowing there is no permit?
Didn't Mongolian/MATD know there would be s BIG problem?
Rampers, come on!
What happened to your favourite guy FA?
where has been hiding? What new name has he now?
Enjoy your day guys,
Still don't know if the Heron oil discovery has been benchmarked as crude, light, sweet and 40o nothing like what PC have brought up. Thought that might have been sorted by now.so much news on so many fronts, and all dependent on the issuing of the land permits. GLA
I say: Only the patient ones wil reap the incredible rewards.
From what i can tell everything hinges around the Land Permit deal with out that we might as well have all the oil in the world but nothing we would be able to do.
The Chinese method of negociating is to procrastinate and go round in circles in the hope you will give in and get bored and give them a great deal and you obviously a lousy one. That will continue until we have something they want and that is the oil and at the moment we have the oil but cannot get near it. Until that Land Permit arrives then they might sit up and pay attention and start to negotiate seriously. So yes i am not surprised there are no results from any talks until they know that we have that permit. As to the Mongolian Govt they are doing things in their own way in their own time and nothing is going to hurry them.
Finally half pay for the board. I vaguely remember hearing MB say that the board was taking half pay sometime ago. Now whether that still stands i am not sure and also would think that if they were back on full pay would it not be announced via an RNS.
Do you really expect the Mongolian parliament to drop everything to prioritise Petro Matad shareholders ?
And do you really believe the management actually want these delays or has any power to determine the Mongolian parliament's work schedule?
If yes keep moaning
What happened to your memory mr long term memory?
Early Q2!
LP has been granted!
It is just a 2 week workover!
All the material is at the site!
Advance talking!
If / when MATD finds oil, big companies fighting for farm in!
Etc etc.
Always talk talk and never walk walk.
Enjoy your day guys,