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Weeks is better than years professional like some of us have been waiting but most of it next week so singular not plural.
After waiting more than 10 weeks for SOON to be now we are told SOON.... zzzzzz..
.
Ytd still DOWN and makes sense as still nothing firmly achieved . Trying to go back to upper range of Trading range
Would have been nice to see 4p but hey ho. Next week will have to do
WOS Was right! RNS was delivered this week.
Well Done WOS.
Glad someone is on the ball!
Again well done Mr Buck.
Must get Alexa to play Sade 'Smooth Operator' tonight and toast Petro Matad with something suitable.
Because we don't need it!
But due process will be followed as it's now the law and the Mongolian Government will want to see it happen as it's a national precedent.
Then we'll have local agreement to produce oil and a national one too!
I don't understand the excitement? We still haven't got lp!!
Well, it's always different this time, until it isn't. But let's hope is really is "this time" and "just" a case of another signature.
✅ ✅ Donations
👉World Vision International Organization has decided to provide assistance to 130 families, and on February 29, 2024, they will come to Sumatra and arrange to distribute the assistance to citizens and herdsmen.
👉Petro Matad LLC will give 160 tons of coal, 15 packs of blankets, 105 tons of hay, and 200 gloves to 5 teams of farmers.
/coal will be distributed to citizens after arriving in Souman/
👉The head of the local council in UB Ts. received the donations from citizens and the community of school number 60 of the capital within the framework of the campaign "Helping Herdsmen - Warm Heart" organized by the local council in UB. He personally came to give the sunflowers to the people and herdsmen of Sumy.
This isn't a new law with a change to the Statute Books and discussions at Central and Local level.
This is very local and routine, and they appear to want it to happen.
Chalk and cheese so comparisons not particularly helpful or relavent.
And well done Dr Buck for the foresight to pursue this back-up strategy so successfully.
This would've got to 5p if no end was released today.
Few more months and prep work and heron can start flowing
Thornogson - as always, I hope you're right. Let's hope that this paperwork doesn't take months to draw up and that the Provincial governor doesn't stir up the activists to block the site!
Doc, the only thing that is stated as an obstacle to signing the local paperwork is the provincial government. But it appears to have a good chance of being signed, then all’s good to go. If it was already signed the SP would be up a lot more than 30%.
Hahaha randr
My view has not changed. Still LP will land in the end.
But i think will take longer than people think resulting in lower SP.
I always said i see a discounted raise as possibility as well. Still the case. No chance in my view only position
DOC, once signed YES.
Signed after it was passed by a local committee overwhelmingly, so It's a done deal.
The Pantomime villain is in the wings but appears to have stage fright and will hopefully not put in an appearance.
You propose a motion, you vote on it, you agree to pass it (a Land Use Agreement (yes USE), you draw it up and then bring it back for signing.
A land USE agreement.
Then it's legal and you start the Heron 1 makeover.
Simples.
Fact: At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved. This approval covers all the areas in which the Company wishes to operate during the year. The approval means that the land use agreement can now be prepared and signed by the District authorities and by the Company and it will allow our planned operational activities to go ahead whilst the Special Purpose Certification process is completed.
Possibility:"We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant."
Either way, market has spoken...
"I see no apologies after all abuse - no problem and did not expect from such people."
WOS - can we start producing oil? YES or NO?
I'll tell you - No! There is paperwork (that hasn't even been prepared yet) that needs signing.
As said already, if the Mongols had a better track record, I'd be pleased. But I'm very wary this is more delays.
Gosh you have no scruples Professional !
Now you've sold again you're rhetoric is back to deramping the share again !!!
I really don't like the cynical selfish approach to life!
Perhaps we should all just read it ourselves and make our own minds up.
I have.
It's slow for sure but we're getting there, actually we've arrived.
Talks with Rig contractors and oil transportation underway.
Immediately followed by
"We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant."
You have to read it all, not just the nice bits 😉
I can.. can you?
In different words it says SOON.... and we know what that means
Exactly, this guy can't read :D
At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved. This approval covers all the areas in which the Company wishes to operate during the year. The approval means that the land use agreement can now be prepared and signed by the District authorities and by the Company and it will allow our planned operational activities to go ahead whilst the Special Purpose Certification process is completed.
Non LP. Can you read . Or o you want someone to translate bit at a time