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Topped up yet again.
Fingers crossed we get news soon now.
GLA, and especially to fellow LTH
Healthy buys coming in.
Maybe close to news ?
You’re right ID78, he’s not in Italy. 22 degrees today and the internet would have melted. He’d have to wait until st least later September to get on line again .
I just don’t believe he’s in Italy, based on the sound and sensible Hamm logic of it can get a bit hot there (don’t you know.)
Sorry, still having fun with this one Hamm, it was beyond ludicrous.
Hamm your comments are embarrassing
Thanks guys for trying to get to the bottom of it.
In a nutsell it seems the protesters want some sort of frwmework in place to mitigate any environmental impact on local communities etc.
Especially given PetroChina track record who in the past did not take environment impact seriously but beginning to get their act together. They obviously do not want MATD to follow same approach like Petrochina in the past. MATD on the other hand been much more professional in tackling any environmental impact assessment.
In addition MATD also presented their full environment impact study for Block V also awaiting approval on that also hopefully pretty soon. That then clears drilling of Velociraptor soon as we get a quote from DQE for Block V also.
All in all these protests are NOT a show stopper.
This is more to force Oil explorers / producers to take ownership of their actions and have some mitigation plans in place if there was any potential risk to environment and communities they operate in or will soon be operating in.
Found this resolution in one of them post on FB, this is copied from the form, based on article 17 1 10 of the law territorial administration units the management and article 8 4 8 of the law on environmental impact assessment the citizens public hural of ERDENEBADRAKH bag shall determine 1, support the detailed environmental impact assessment report of PETRO MATAD LLC, MATAD XX oil field located in Matad Soum of Dornod Aimag performed by "KHATANDAL AL LLC" 2 To oblige Petro Matad LLC to implement the adverse impact mitigation and prevention recommendations environmental management plan and environmental monitoring program set forth in the environmental impact assessment report. 3 To instruct Petro Matad LLC to create a favourable living environment for herders and implement environmental protection activities in accordance with the relevant legislation taking into account the suggestions of the Bagh residents. Perhaps this is why the protesting. GLA
Any decent company would have clarified any rumours! But never mind MB is still on a 2 year or so holiday mode in Italy.
Relax your investment is in good hands!
In MATD diehards trust.
Guys
Thanks Jimi. Worth a try but. let’s keep fingers crossed
I've Emailed Petro Matad to see if they can shed some light on the subject of this meeting in the Matad Soum on the 29th, I will report back if I get any information. GLA
Yes, many thx curiouser.
Thanks for trying to help and all your input on here.
Ps fb wont let me copy and paste and i cant provide a weblink because its not on a webpage. Its on her facebook page.
I have been following what i can on fb so please take the following with a pinch of salt. It seems to be like a local council or administrative regional meeting? There is a sole activist protestor as far as I can tell (although a lot of keyboard warriors shouting go girl) She has raised a complaint and today seems to have attended a meeting submitting some document which appears to be about some agreement signed off during lockdown dated June or July 2020 and which I think in in relation to land access or ownership or permissions etc on block XX. She seems to think something should have been put to local herdsmen. Hence presumably she feels something was procedurally wrong or unfair, but as some commentator has said "there are 1000s of these". She also complains of her countrymen acceding for greed so .... Therefore it sounds like a storm in a tea cup to me. I have had a look at RNSs from around that date and I can't see a single reference to sny major news around that date so i'm at a loss. Any one have any idea what she's complaining about? Or what the meeting is about?
Let me understand this because i am starting to get confused on an issue that is already confusing enough.
We have a meeting on Friday that we believe is about drilling on this part of land. A kind of local environmental lobby if you like.
Is this site where we are exploiting oil as i understand it we have the license to exploit for oil or is this a nicety to keep the locals happy.
If this is the site for exploiting oil then it has nothing to do with our exploratory drill i assume. Is the Friday meeting a little hiccup along the way or a major gastric problem we need to sort out. We seem to be getting very little on the ground information ie nothing from the company and it is being left to a few people on this site to help us all best as possible and is their a danger we are either underestimating this or we are over exagerating it. Can anyone help clariy this. Probably a silly question as i know there are a number on here who would like to muddy the waters even further but it is a genuine question and a genuine concern i should imagine.
If more than 10 percent of the mining company's employees are foreign workers, the soum is entitled to payment
According to Article 43 of the Minerals Law, mining companies are obliged to provide jobs for Mongolian citizens. No more than 10 percent of all employees may be foreign nationals.
If more than the above number of foreigners are employed, the soum budget must pay a fee equal to 10 times the minimum wage for each job.
In this case, the soum Citizens' Representative Khural will approve the rules and decide on the allocation and spending of funds in the soum budget. Shanlun LLC , located in Choibalsan soum of Dornod aimag with 100% Chinese investment , has not been operating for the last 6 years, but 3 Chinese citizens work there.
Some delegates believe that it is possible for these citizens to contribute to the soum budget equal to 10 times the minimum wage. The soum CRH has decided to study the issue.
If this provision is implemented, it will be possible to collect more than 150 million MNT a year in the budget of Choibalsan soum. GLA
PETROCHINA DACHIN TAMSAG LLC HAS REQUESTED 51 WORKPLACE ORDERS
According to the tripartite agreement between the Mineral Resources and Petroleum Authority, the Governor of Dornod aimag and “Petrochina Daqing Tamsag” LLC, “Labor force will be openly selected from registered job seekers through the Dornod Aimag Employment Agency”. .. On April 26, we met with the Head of the Human Resources Department, Head of the Labor and Welfare Service Department of Petro China Daqing Tamsag LLC and other relevant experts to exchange views on cooperation in the supply of labor in 2022, and currently 51 are open. have placed a job order.
These include: Oil Operator, Legal Specialist, Health and Safety and Environmental Specialist, Doctor, Cranchin, Bucket and Excavator Driver. Interested candidates are registered with the Labor and Welfare Service until 12:00 on May 3, 2022.
Phone: 7058-4307
I think what's messed-up the whole situation here is Petro china. And Matd not having proper permit in 2019 and then taking the Governor to court.
PC have been abusing the agreement and have been fined so many times for environmental damage.
We are being targeted so there's is no repeat.
It's simple.
I thing they will give Matd a chance because PC is still producing oil despite all the protest against them.
They had to start employing locals and contribute towards the local community.
Hopefully Matd will get there soon.
Well it didn't reach 10p like people were shouting.
Let's see what Friday brings
badprophet: as we all know and see just now with MATD and elsewhere, production cannot be brought online instantaneously, a slow ramp up would be expected, especially when each well can only generate 500 barrels/day... Looking at the PM investor presentation this slow ramp up is clearly shown on the presentation.
My interpretation of the situation with the refinery and reserves is the Mongolian Central Government will be compelled to encourage field development (a la Heron) and also exploration drilling, to ensure the refinery future requirements can be met... It is no use waiting until you need the oil before you take action, you have to take action in advance to ensure supplies can be met...
So - if GoM are questioning if they have enough oil to supply their own refinery why would they allow PM to export it in the run up to said refinery coming on line? Surely they would tell PM to hang fire until they can take its production. Or maybe just nationalise PM.
I think we are good to go despite all the "Hullabaloo"...over last few days.
20th Oil field....en route.
Central Govt pushing things forward. Local Govts just responding and executing Central Govt plan.
They want to both monetise existing Heron Oil discovery and push for further expansion of the wider Heron Oil field.
Been waiting for this moment for past few years. We now on the cusp of major transformation for both Govt and PetroMatad which was spun off by Petrovis as their Oil exploration arm.
How do I share it? I can't copy the text (which anyway is in Mongolian) as fb wont do it and i can't save a screen shot to this site... Just follow the fb route you outlined i.e. search using magnifying glass "petro matad" then posts/ date/2022... you'll see the woman holding the placard and then just click on her to see her posts...then click on translate. Simples
curiousandcuriouser: Why not share it on the billboard, save me having to wade through a million FB posts?
I mean a few hours ago... bl##dy fat fingers