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Very pragmatic approach by the company with Pro-MATD Mongolian Govt....speaks volumes. Govt clearly wants a local Mongolian oil company to take the lead here, being the only explorer actively looking to develop Mongolias vast unexplored Oil resources.
Company has a clear strategy to take it forward and build into a sizeable Oil company.
Exploitation licence would be the biggest price moving catalyst as would a JV / Farm-in deal with Petrochina or others......Mike Buck talks openly about Petrochina and 'Others'....who are these Other companies. Got be either Korean or Mslaysian oil giants in my opinion like KNOC or Petronas would be my guess. Also puts pressure on Petrochina to pay top dollar to farm in Or JV instead of cheap entry....Hmmm. Coming weeks and months things surely will get very interesting. MATD should well and truly be in the spotlight during 2020.
If you understand Mongolian banks, who the players are, linkages to individuals, government and a country that has been starved of FDI for years you would understand international lenders would make significantly more sense.
There are several other higher value projects in Mongolia currently stuck in terms of local investment from the banks. It would far smarter to get Matad on to the radar of international lenders, or we could be here two to three years before any local funding potentially arrives.
Mike Buck has made clear (imv) his financial route into the next development phase is through the Mongolian Banks. Having proclaimed this intention he would look rather shifty if he then turned that proclamation on it's head and opted for a Placing. Apparently, he's not the type to squander his reputation flippantly, and certainly would not make such a statement with the likelihood of an unsuccessful outcome. Much of business lending by Banks is based upon due-diligence, speculation, character of the borrower, and if any, the percentage asset involved. Petro Matad has all these characteristics and the added advantage of the borrowing itself implementing it's own security in that 25mbo becomes accessible as soon or thereafter the borrowing date. I think it goes without saying, in the process of acquiring Bank funding, our Chair Woman will have all the necessary contacts/experience and would be pivotal in those discussions. A successful outcome from talks with the Banks could be within the next few weeks (his words not mine).
With potentially 25 million plus of oil in Heron and Petrovis as a main shareholder and Petro China next door does anybody really believe MATD will not secure the funding to bring the oil to the surface, of course the real key to unlocking the door now is to gain the Explotation Licence, bring on 2020.
There has been far too much misplaced negative talk about a placing. The doomsters apparently fail to appreciate that, if there were a small placing to fill a funding gap until Heron becomes cash generative, PM will surely not procced with a funding until the Block XX exploitation licence is granted; and this should happen in Q1 next year or just possibly by Xmas. Once PM has the exploitation licence it is reasonable to assume that the share price will strengthen, probably significantly, so that a modest placing at a price higher than today’s depressed sp should be considered a positive.
There is a scenario where the company might proceed with a more substantial placing in order to drill the Block V prospects in 2020 where the potential is more than 500 million barrels with reasonable COS. Given the Block V prospects, which aggregate about 20 times the reserve size of Heron, the share price should respond accordingly.
I think I can see why you picked the name LITTLE-Earn!!??
Its because of short sightedness like that will leave you with little profit.
Clearly some large institutions have been investing in matd otherwise how on earth could they still be going.
Okay 10 yrs of misses and dusters but now they've found a sweet spot. Rumours of lots of oil in storage?
Potential other well to open/succeed as well.
Good sp in the past and positive movements more recently
Lessons learnt by THE KID not to overreach on bopd targets ever again.
Long term investment here and just look at BP after their terrible rig disaster DEEPWATER HORIZON and where the sp dropped through the floor to where it is again now. Only wish I got in then rather than talking myself out of it by telling myself, WELL THEY'RE TRULY FOOKED. They're were not.
You don't buy a lottery ticket with no intention of wanting to win. I invest in that company twice weekly and see little or no significant returns. I know I will here in the nxt 2-3 years.
Bloody impatient day traders do more damage than a company missing the black gold but someone believes in what they know is down there. The amount of financial support over 10 years is clear evidence of that.
Yup, definitely going to be no production during the harsh Mongolian winter. A lot of so-called investors didn’t even know something so basic about the Mongolian seasons but decided to invest their hard earned cash in the company.
This is why you should do extensive research first and not act impulsively. No production so the company will require additional finance, so value drops. That’s why I’m just watching this share until more news comes.
Price rise in 2017 was on speculation of Farm in deal ahead of drilling in Blocks IV and V that are estimated to contain Billions of barrels.
Block V looks very promising, with Velociraptor, Fox, Phoenix lined up soon after they monetize Heron. Gazelle would add further momentum. 2020 finally looks like a year where MATD will be re-born enroute to becoming a major leading Mongolian oil company.
It takes times, today's Oil giants like BP, Shell and Exxon all started small before success struck. Exxon in Alaska drilled so many dusters and was about to leave until their last drill there. That last drill turned out to be the 15 Billion barrel 'Prudhoe Bay'...oil discovery as we know it today.
So future is looking very bright. Traders will be back here in abundance when things start motoring ahead.
I’ve listened to the the pod cast over and over, and I can only see positives, especially if Petro China come on board, they can drill the wells cheaper than anyone else, still ongoing talks Gov, banks, and hopefully the big boys to take on the wild cat drills in the west. I know it’s all if and buts, but surely they are being pro active, I guess the next couple of months will show us all how successful they have been. I will keep the faith and continue to add.. GL all LTH
Master82, just click on the RNS tab, there is everything there you need to know... The main reason for the rise in 2017 was the anticipation of the of oil discovery, once you have researched and listened to the pod casts, you will have a better understanding. GL
Master82: If you're interested in investing then why don't you do some research on your own? From my POV you're asking for trouble with those kind of questions. There's plenty of information around. Go get yourself some. Sorry to say but this is not a Wikipedia board.