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It's all gone quiet over here - stunned silence following an amazing RNS?
Calling 2p ?
Inevitable drop. Wait until end of H1 for a bit of progress in China.....
"THE DISTORTIONS OF CHEAP ENERGY" Natural Resource Market Commentary by Goehring & Rozencwajg predicts OPEC+ spare capacity will have run out by the end of the year.
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"The Oil Crisis Unfolding in Slow Motion
...Assuming Iranian volumes come back, Iraq boosts production and no other countries suffer unexpected outages (all very generous assumptions), we still estimate that OPEC+ spare capacity only amounts to 2.8 m b/d. Based upon our models, all of this capacity will be needed by the end of this year... The truth is no one knows what will happen when we run out of spare pumping capacity potentially this year. During the two oil crises of the 1970s, OPEC maintained significant spare capacity. Even when prices ran to $145 in 2008, OPEC’s spare pumping capability was substantial. Never in the history of world oil markets have we been in this situation--- we are about to enter unchartered territory...
We have argued for years that negative rhetoric and anemic spending would bring about an energy crisis, and we think that is now upon us."
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Thanks to Mount Teide who pasted the link originally on another site.
https://info.gorozen.com/2021-q4-market-commentary-the-distortions-of-cheap-energy
Bowley I agree that there are quite a few details missing from the RNS. Not least what exactly are the legal issues still to be resolved re land certification? if they require the agreement of third parties how will the third party rights be over reached if they don’t agree? Will the third parties rights only be over reached if there is a change in legislation? How long does the legislative process take in Mongolia?
https://progressive-research.com/research/operational-update-2/
Mainly a repeat of the Operational Update RNS, however makes a couple of statements about scheduling that were not made in the RNS:
" This will leave the well ready to produce once export restrictions are lifted. " This is stated twice, and is a fairly big statement to make!!... and I 100% hope this is correct.
And it hints about another possible issue:
"This will leave Petro Matad in a position where it can, hopefully, secure the necessary land certificates in Blocks XX and V." This was touched on in the RNS and MATD have already said they will escalate to central government if problems arise...
However, it fails to mention the possible DQE partnership, which I feel is a big oversight, as a binding agreement to accelerate Heron development would (one would expect) certainly add a few % points onto the SP...
People's own opinions or assumptions mean nothing and seems like these people post non stop and are always wrong on every single board, please follow the RNS and what the company tells you as that's the only possible truth or near it,
Matd is still my safest bet on aim and I will when I can double my already large holding, they have the oil they have a plan and sober or later it will get the job done
China's covid lockdown is not forever and could be over sooner then then we are thinking
Good luck and do your own research rather then listen to some people on here or even me when I get happy and ramp it
Well said Bowley. The most sensible post I have read on this board for many months .
Maybe the raptor might be our only chance if a local rig operator is available.
Personally I don't think any rigs will be mobilised to do heron 2 or 3.
There was already a backlog . Even the heron 1 might be tricky with current china covid restrictions with no end in sight.
Sounds like a plan, a Project Plan. That's what delivers results, even with delays as you mention Bowley. Set some standards MB!
I was recently in a meeting where a senior CEO said to me he wanted all facts on the table where he could see them and not under the table.
It was a refreshing conversation.
I believe Matad do not want to table all the facts. The RNS are intentionally written to allow interpretation of the facts. It’s clever but not uncommon.
We still have no dates or commitments. We have an indication of what may happen, what the board would like to happen, but no hard facts to demonstrate their strategy can and will be delivered in 2022.
I would rather the board set firm dates, work to deliver those dates and deliverables, report regularly, and if they fail provide reasons why. It’s OK to fail if the situation means a deliverable simply could not be met.
At the moment we have a lot of nice words, but no facts.
"Just in a traffic jam en route to the final destination imo"
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Agreed ....one day it will get developed but that was not the point I was trying to make. Making money on the SP is a different game.
* hardly what I would call
Hallowed... finding the oil was one thing, since then the Company has been negotiating local squabbles, legal red tape and a pandemic. Whilst there are differing views on exactly where we are at currently, surely we can all agree significant progress has been made in the legal sphere and the pandemic will eventually subside? ... Just in a traffic jam en route to the final destination imo
If this goes to 2p I will buy some for hamm
"We have a delay, We have oil, We have an opportunity to buy at 3.6p and we have other prospects. Its a fantastic investment for long term investors."
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Really? Hmm...you could have said the same when they discovered Heron several years ago (back in 2019)..SP back then was around 7p-8p...hardly what I would could a solid LT investment. But would call it a good trading stock.
Good support at around placing price.
Just been faced with so many hurdles here.
Makes you wonder why no external companies want to partner up .
Government and local government are not on the same page so God know how this will end..
I can't understand why they are against PM when PC is stone throw away with so many wells. And an oil facilities.
You would think they want to keep every eyesoring oil well in one area. And PM will also contribute towards Mongolian economy
Yes and perhaps we can now focus on the things that matter ,'ie' petromatad and I'm really looking forward to them becoming a producer and explorer in the not to distant future. GLA.
We have a delay, We have oil, We have an opportunity to buy at 3.6p and we have other prospects. Its a fantastic investment for long term investors.
GLA
Thanks Ojay, nice to be appreciated :-)
Maybe Matad should have a chat with the Justice Minister ?
https://twitter.com/khnyambaatar/status/1516065889208123405?s=12&t=oaYGtNf63SjCSgsM1zquFg
https://twitter.com/khnyambaatar/status/1515692282837667844?s=12&t=oaYGtNf63SjCSgsM1zquFg
Covid impacts on Mongolias major projects began to ease in March.
Raptor drill alone could send the share price rocketing, looks all positive to me apart from China border delay which ain't going to be for too long be realistic ppl lol they too have a economy to look after
I think it will be at least another month or two before anything happens here.
Looks like heron 1 is dependent on China border opening and raptor might replace the heron 2 and 3 .
In todays news MB will be very happy he can direct the money to exploring the raptor.
MB likes spending money not making it. Its just Ben hurdles on here since 2018.
Not a smooth ride like I expected.
Conditions in China are such that we have virtually no ability to predict our performance in China in the back half of the year.
Howard Schultz
STARBUCKS, INTERIM CEO
We are not the only ones suffering from Covid it is affecting everyone and i mean everyone. Once China wake up to the fact life has to go on otherwise a simple solution for Xi would be put down the whole population.
This is the long game we have played the opening gambits now its time to sit on what advantages you have gained and try and put pieces in place for when the end game starts. Patience is the key i think