Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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master82: I had similar misgivings about MB as well, but I took a look over the weekend at Salamander Energy and there was decent sized offshore projects executed during his tenure when he was COO. So I don't think the issue is one of lack of experience or incompetence etc. Could be a combination of factors, but I am in agreement it is frustrating for investors.
It's taking the p now.
Early 2nd quarter and MB has gone missing.
No news on any front.
Absolute joke.
2 years of wasted money and time behind monkeys that can't climb trees.
Just two reasons why Russia won't invade Mongolia:
1. Mongolia is not viewed as a former intrinsic part of Russia
2. Russia is a bit busy at the moment
Big sells are probably just bed and breakfast.
If Putin wants a better grip on oil & gas production Mongolia might be a soft target for his next invasion - bit like China taking over Tibet. (The Chinese might not like it though!)
2 years waiting for EL!
Still local permit needed.
1 year after placing!
Still no schedule of work confirmed.
MB everywhere but where he is supposed to be!
1 rig contractor which already too busy to do a 2 week job!
But has time to do multiple drilling which doesn't make sense.
Our brilliant MB is haggling for pennies!
Best
not a very good start some big sells someone got bored
Nice one Hertstrader, I was looking at Char at 8.6 and didn’t buy in the end… oh well
Matd would have been £1+ by now if we didn't have some posters and instead we had more die hard ones.
IOHO!
(in ojay humble opinion)
BTW in MATD Ojay usedto trust.
Have a break ojay. Get some coffee.
Enjoy your day guys
Good thing we've got D1nger on this BB (could do very well without some of the other posters).
Nay problen D1nger.
//Oops. Old age I’m afraid. Sorry//
Don't be sorry - we will all be there before PM makes good!
Oops. Old age I’m afraid. Sorry
D1inger -
"17 September 2019
Petro Matad Limited
('Petro Matad' or the 'Company')
Red Deer-1 exploration well results and operational update
Petro Matad Limited, the AIM quoted Mongolian oil explorer, announces the drilling and logging results of the Red Deer-1 exploration well located in the south of Block XX and an operational update for Heron-1 and Gazelle-1 in the north of Block XX, eastern Mongolia.
Red Deer-1 has been drilled with Daton Petroleum Engineering and Oilfield Service LLC's Rig DXZ1 to a total depth of 2000 metres. No hydrocarbon bearing zones were identified during drilling and this has been confirmed with wireline logs. The well will therefore be plugged and abandoned."
Haven’t drilled red deer yet. Snow leopard and wild horse were the two drilled before Heron on blocks Iv and V
That seems awkward, hope for his sake that share price increases or RNS released!
How are you typing ?
sold half my CHAR and bought 444199 shares at 3.79 No brainer price and like CHAR I am comfortable holding for more thank a few days!
D1nger - correct me if I'm wrong but I thought Red deer drew a blank!?
Terrier…………sitting on my hands till we can pick up more at 3p
The MM'S have buyers for any chunky sell
Smelling an update very soon
Sit on your hands.
Yeah there should definitely be operational update this month, fingers crossed for good news…
Be good to get an update this week MB….. we must be almost there?
Ok. Had a drink, and some time to go over previous RNS releases just to clarify block XX and the confusion that Petro China are drinking from the same pool.
My understanding is that although there are potentially billions of barrels of oil in the Toson Uul basin,
it is not contained in the one big pool. That is why The Heron oil field is referred to as a structure.
Now I bet many of you didn’t know that contained in the block XX exploitation licence area are a number of different structures. Some of you may have heard of the Gazelle prospect but there are others called Antelope and as some may recall, Red deer.
Red Deer has an actual estimate of 3 times the size of Heron.
The section of the Toson Uul basin contained in Petro China’s area is widely estimated to have 2bn barrels of oil. They have access to roughly 40% of the basin.
Our portion of the Toson Uul basin is 60% and if the oil is evenly distributed throughout the basin we may have access to 3bn barrels of oil.
I don’t think Hamm’s option 5 scenario would happen as the major oil distributor in Mongolia is our founder and majority shareholder Petrovis.
Keep the faith and maybe at some time in the future we will be able to repeat the words of Hyman Roth in The Godfather II, ‘Michael, we’re bigger than US Steel.’
Enjoy the rest of your weekend
Option 6 (my attempt at humour) probably concludes the list of options...