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I think the lowest it went during 2018/19 was 1.8/ 2p so your looking at 40% down if it does .
Well according to you derampers, you're all expecting 1p arent you?? So surely thats abit of a daft question......
//when the price settles down over the winter//
PMSL - how much more can it settle?
Until the local issue with access to heron is not resolved , Matd is only going to enjoy the intrest from the 10mill sat in the bank.
MB has gone silent and has no action plan in q2 of the long awaited drilling season.
All the gear but no idea.
Although I am still very hopeful we see some positive action this season I am mentally well prepared to accept an additional delay. The business case is still the same and totally positive.
GL + ATB
The workover rig needs 2 weeks and Heron is on production. If DQE deal done they have winterised rigs to continue the program 365.
The border issue appears to be resolved so I am still hopeful of Heron 1 productuon and 2 wells drilled (three on production) by December. That would be an outstanding outcome for the company.
If we manage to drill one of the wells on Raptor trend and it hits , we will see a stratospheric re-rate.
Exciting times this year. Good luck all.
That maybbe the case, but if it is, thats just a chance for me to top up with more shares, when the price settles down over winter ;)
And what of the chances of an RNS dropping confirming rig contract / worker etc etc for work to start a week or two later ?
I cannot see it happening that quickly. Rig contract yes but probably weeks / Months before commencement.... Hope I'm wrong but the way things are progressing, cannot see it happening until 2023. Oh I'm at LTH before people jump down my throat, just very frustrated by it all.....Come MB FFS !!!
Hamm apologise - you having a laugh - you're unbelievable ha ha - I've said before who knows what will be in the RNS - I don't - you know. As I am invested in PM and currently underwater I am hoping it will be good, wonder if you feel the same. If it's delays then obviously I won't be happy but I ain't going anywhere as I believe in this company. To think you believe I should apologise for believing in a company I'm invested in is truly unbelievable. You really are.one of a kind Hamm. Invested in company supposedly but is totally negative about it and to get the SP to rise and we all make money you would like to entice new investors. Do you really think by your negative comments you would entice investors into PM. If you that fed up with PM contact them via email/phone etc instead of posting garbage on here or have you ulterior motives.
I hate to be Mr Negative (not related to Mr positive lol) but we ain't got much time left of this season, knowing the pace of MATD since drilling over 2 years ago, I'm not convinced we'll have any oil out this year there's so much still to do... I really hope I'm wrong, opinions?
Doz, after the RNS drops with advance talking on going again, be brave and apologize.
But for now we all should enjoy free fall unfortunately!
Guys,
Like a lot of people on here were on the sauce last night!
Bowley. Thanks for your text. It's more me pressing Hamm on his continual harping on about MB and his whereabouts. With the age of technology I don't think he needs.to be in Mongolia 24/7. Yes I believe he should be there at critical times of business and be a presence on the ground as CEO of PM and if in negotiations with DQE imo it is imperative he is there. As we know PC's new CEO was on the ground in Mongolia as previously reported so yes I would expect MB to also be there, but as I keep saying let's see what is in the upcoming RNS. ATB
Dozzawba.
I am in UB. If Mike is here I am happy to jump out of what I am doing and pop over to Bluesky.
Will put the argument to bed if he’s then here or not ?
Mongolian Association of Petroleum Engineers, “Merit” project and oil extracting companies, land Representatives from a wide range of countries, including oil import and supply companies, attended.
Speakers and guests got acquainted with the operations of PetroChina Daqing Tamsag's Tamsag 21 field. At this meeting, petroleum engineers stressed the need for Mongolia to study the depths of oil basins, update its resource information on existing deposits, and conduct a comprehensive multi-stakeholder study. Based on the presentations and discussions, the following recommendations were made. These include:
1. Emphasized the socio-economic importance of training engineering and technological personnel, including oil and mining professionals, in the region through step-by-step training, employment in the region, and sustainable employment.
2. Recommends the urgent need to start the national production of petroleum products, especially "wealth-creating" diesel fuel, which are important for the country's independence, security and socio-economy, in areas with high reserves of raw materials, infrastructure and consumption. is.
3. Government, regional governments and businesses will need to pay special attention to increasing oil exploration and intensifying production in the Eastern region, where 98% of the country's proven oil reserves are most likely to be identified.
4. Legislate the participation of national professional organizations, professionals and employees in oil exploration-extraction, transportation-refining-production and environmental rehabilitation activities. Make legal arrangements with the National Petroleum Authority.
5. The supply of petroleum products should be exempted from any licenses, prices should be liberalized, and domestic production should be supported and encouraged
The Mongolian Minning Journal
E.Otgontuya, journalist of “Agar” studio in Dornod aimag
Speakers at the Petroleum 2022 Scientific, Theoretical and Practical Conference emphasized the need for a professional negotiating team among the key issues to be addressed by the Government during the oil negotiations. Organized by the Ministry of Industry and New Technologies, Dornod University and the Mongolian Society of Petroleum Engineers (MGTI) Thirteen papers were presented at this international conference, and B.Bolor's and Kh.Erdenebulgan's presentations on “Key Issues for the Government to Consider during the Petroleum Negotiations” were the best. The report focuses on human resource development in Mongolia's oil sector.
Most of Mongolia's proven oil reserves are in the Eastern region. In Dornod aimag, where oil production is booming, this conference is unique in that it is held in a combination of electronic and hall. Dornod University, which co-organized the conference, was the first to implement the Petroleum Engineering program at the local level, and in 2019, the first graduates were 100% employed by PetroChina Daqing Tamsag, an oil contractor. In line with Mongolia's regional development concept and policy, Dornod University is expanding its operations in the Eastern region, providing decentralization, training and internships in the region, and further developing the oil, mining and tourism sectors. oil in the region,
D.Tsedenbaljir, Executive Director of the Mongolian Association of Geophysicists, made a presentation on the supply of raw materials for the oil refinery planned to be commissioned in Mongolia in 2024. The refinery is expected to supply crude oil from the Toson Uul and Tamsag deposits in Matad and Khalkhgol ??soums of Dornod aimag. This estimate is based on a 2012 report submitted by PetroChina Daqing Tamsag LLC to the Petroleum Authority, but recent data show that the company's production is declining every year. Therefore, it is necessary to consider the supply of raw materials and focus on increasing oil production from existing deposits.
Oil exploration in Mongolia began in 1923. The Tamsagbulag and Dornogovi basins, which are considered to be the most promising areas for Mongolia's oil deposits, are relatively well studied, but previous data on geological and subsurface formations need to be reviewed, updated and refined, said B. Unurbayar, director of Tatakh Khuch.
PetroChina Daqing Tamsag Mongol alone completed 76.3% of the 1,774 three-dimensional wells drilled in Mongolia between 1993 and 2021. There is a need to upgrade the reserves of the Mongolian Mineral Reserve Fund in 2011-2012 based on the latest information on the probable and probable reserves of the reserves registered in the Mongolian Mineral Reserve Fund, and to update the rating and development plan. This will increase the economic value of the deposits.
Relevant government organizations, Dornod, Khentii, Sukhbaatar aimags
Hamm, as I have said if the last 3 years had been normal functioning years and we were where we are now then yes I would not be happy with MB, but the obstacles that have been there it has been difficult for anybody in any industry to function properly and also with the added slowness of how Mongolia works. All the things you state about MB you are presuming. You don't know what's happening behind the scenes - what negotiations are going on etc etc so I personally think you and others are being over critical especially when calling him a crook which I believe is way out of order.
Let's wait and see what is in the RNS due here by next Thursday 30th June and make judgements then.
Doz, that is wrong question. The question should be why MB has been anywhere but in Mongolia in the last 3 years?
And if he has been somewhere else shouldn't the investors know the reason?
You guys , you need to appreciate that being critical doesn't mean we are against the company. We have invested here but the way MATD has been run proved wrong! I the chance is that the next RNS would the same nonsense ' advance talks '.
Don't forget guys it was supposed to start workover/ drilling activity early Q2! Nothing happened yet. Nothing apparently will happen this year.
Have a lovely evening guys
I never imagined that there could be so many idiots like Ostraliamate . Who, having invested in some company, even in those with absolute insignificant and crook CEOs , can immediately lose all critical thinking. And in fact becomes as some kind of religious fan who cease to evaluate reality. Incredible!
Hamm is Mike Buck in Mongolia or not ?
You can talk about millions/ billions, but as long as the oil is down under it is worth nothing, and apparently it will stay there for the time being. That is why the share price is where it is! Bitter and sad truth unfortunately!
Enjoy your ramping.
Hamm, brain - you need to get yours into gear. As pointed out by numerous people on here not just me, you spout utter garbage - non factual rubbish to try and attempt I presume to get a cheaper buying price. Comments that have no substance . You have been given on numerous occasions answers to comments you put on here but conveniently ignore them and post the same rubbish again the following day and when anybody calls you out the only answer you have is they are a ramper - pathetic.
Also I agree you didn't say you knew where he was but you just stated he needs to go back to Mongolia, so how do you know he isn't already in Mongolia - explain that one !!!
Your literature/wording you guys/ rampers use says it all!
Dozz, after using too many 'crap words' you really stink, definitely need a good shower.
God gives you a bit of brain!
But never mind.
Hope all your fairy tales come true!
P.S. I didn't say where MB is and that is the point! Nobody knows where he is!
Yawn.....
Manro, Hamm etc
You can keep posting your negative posts but the best thing is you are all about to be made to look like fools, when the project is online. Poor fools, but still fools
I can't wait for you to dissappear from this board and take your 10 shares each and go and play dungeons and dragons elsewhere .
Sayimg MB hasn't achieved anything is pretty rich coming from deramping keyboard warriors. Did you forget about a 4 billion dollar plus, 66 million barrel oil discovery, the first exploitation licence in Mongolia , about to become a production producing assett will millions of dollars revenue per month. All whilst taking a pay cut , navigating through the most disruptive pandemic the word has seen, raising money in a soft market and all whilst you were sleeping.
Give it a rest, your boring, repeated, totally untrue posts are silly and pointless. When you see the next RNS then I hope you apologise , sell up and move on. If it takes 4 weeks or 2 months long term holders know that MB and the board deliver what they say they will , when they say they will.
Looking forward to seeing the company succeed, the reason we invested over 10 years ago.
Hamm, wait for the RNS and then judge - there are lots of issues going on in Mongolia at the moment with PSC's and PC. We are trying to sign a JV with DQE a subsidiary of PC - do you not think the revision of the PSC's could be holding things up. A JV with DQE/PC is an absolute game changer for PM and is worth waiting for, don't you think ?
And again how do you know where MB is. You keep on spouting that same crap as he was in Italy the once on a zoom call. Do you know of his whereabouts. NO so stop posting garbage, it's pathetic