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Mr P, agree. This isn't on PM/Mike Buck. I would have expected this was a straight forward prerequisite. May even have assumed the task in hand was covered. I'm glad this hasn't delayed the 2018 drilling campaign as a whole, I suspect PM have recieved a load of cash as a result of missing a critical milestone for spud. If not, they should.
Sinopec is responsible for their staff visas NOT Mike Buck. Slight delay is caused by Sinopec not MATD. Still Mike Buck has been transparent and stated accordingly. You need to separate your frustrations from facts.
(1) Permit granted.
(2) Rig mobilisation initiated.
(3) Spud end June/ July
I am sure as one would expect, Mike Buck would have blasted Sinopec for their incompetence, without putting every minute detail in the RNS.
Q2 guidance delayed slightly may be by a week OR two in my opinion, and you start labelling Mike as a 'pollock'....really???
Mike Buck has made it a great RNS with the increased potential Wild Horse. Fortunately the man knows how to run a business providing balance where required. In this case Sinopec being incapable of doing meeting any plan. There is absolutely no excuse to have a delay on visas. They had initially planned to drill last September. They knew drilling was due to recommence in April. Get a 30 day visa and transfer it into an annual one. I understand delays are inevitable...but this one is just highlighting company incompetence at its finest. Good work Sinopec. *Slow clap*
According to http://shieldgeo.com/mongolia-immigration-and-work-permits/
Huge amount of paperwork and beurocracy, and....
Typically only 5% of workers can be foreign (damn near impossible for a foreign driller to come in). Maybe just hire a bunch of local mongolian workers for camp services as a solution?
Unfortunately, this sounds like a huge hurdle.
Pulling out til the work permits come sounds like a good idea. I for one and not a guy that takes his own advice. Onward Matadors!!
Guys n Gals, I watch and I watch but the truth between reality and what is happening is a complete mystery.
Matad is totally controlled by a communist stop anything mentality or a maybe later mentality. Mike Buck of good ideas hits the idealogical wall. Trust me it has made many bleed as they smack the scone on the wall and it creates a great impairment. Almost concussion.
Last year is now a clear total shot in the dark with no intent. Bloody obvious no real targets and joint venture interested saying you have not done your work. Great Hoax
This year hope but do you trust a partner that professes love but tells you whoppers.
I am a tragic and will give it a go
@ bigbench..."Jump-out" seems to be what the 'smart money' is doing to revive blood pressure...this Co has had many too years of stuff ups....and a new CEO who was supposedly the 'saviour' of this Co...now another 'pillock' imo....to be stumped by a 'visa wrongun' is unacceptable when it has happened before...as l said previously, what else have staff got to do??....and pathetic to think this national project will be held up sooo long because of a manual visa process ....not to mention gross inept staff neglect to 'cross-check' issues that have thwarted the drilling program before...unacceptable imo...heads have to roll! Try and tell me Mike 'pass-the' Buck is happy about this and you really are 'full of it and gone hard'
Glad to know you are aware of my position in MATD. I sold on the rns this morning and am currently enjoying WEB's mega rise. Unlike you, i don't find it necessary to repeat the same negative lines over and over again. Everybody gets it - you dislike the company, the board. You think it's all a big con. Great, we've heard your opinion. There is now no need for you to repeat it, several times a day. Its a speculative share, let people speculate. Why you feel the need for someone to pat you on the back and congratulate you on calling a share's price movement correct is beyond me. Any well adjusted adult left this childish necessity behind a long time ago. Short or go long, who cares?
you misread my post Harry, I said 'will drop' not 'could drop', my statement was definitive, yours was stupid, massive difference
Oh look up there, its dropping as we speak and also as i stated at the open today
Surely such an important 'national' project can fast-track' visa's for workers....if Govt truly was 'independent' and serious about this project....think about it...this isn't a 'tourist' visa application but a national project...6 weeks to sort...really?? Joke!
@harrygatto.... Bish is 'on the money' mate...and rampers here are still dreaming imo....this Co has just found out how the 'big boys' play...now a test for the CEO to see if he can survive after the 'honeymoon' ...l posted re: visa's twice here in the past month+...but as usual it was met with contempt...
No pain no gain.
Pain is small...... gain is too much.
That's why i am invested MATD.
Four month 50%. I am not happy with this....
I am not UK investor......I am from millions miles from UK.
I will tell you where I am from when wild horses sucess..
Very exciting time... have a nice day.
Iv just informed you that the SP will drop, that could be pretty useful info Harry.
On the subject of informative posts everyone of your posts on the MATD board has been to question my posts..... your obviously really hot on keeping your posts useful and informative then haha!
Yes Bish...our 'gurus' have all gone underground on this one...again...this was the best Matad could report with just one small sentence 'hidden' in the Ann as to why this Co is 'stuffing-up' again...joke. seems Sino, and China, want this Co on its knees for an easy 'farm-in' or take-over atm ...not kosha....