London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
WoS sell . your shares so you can shop.
Will be a nice trading day today as volume will be better and SP up less than people expect imho.
Surely we should be notified of the payment amount to pay off the herders
- Focus is on final signature RNS - Money for 10 herder family compensation is in bank and ready to transfer which company expect "SOON"
- New Blocks - I did post info on new blocks for tender with good seismic already available / next to known assets (some bigger then Quatar). Company will look for foreign JV using in country experience and have own production revenue in place.
Remember Petrovis will want ROI for capital / time of investment. Follow the big money as IMVESTOR because it is investor time coming now.
I already have arrange shopping with Mrs WOS so cannot see what happen while out BUT start of UPTREND now (check 06:19 post)
Be Happy 🦉
Not a lot. A few thousands each. Easily sorted and without pain.
"The company hosted the Matad District Citizens Representatives Committee on a visit. The trip was very successful. The Committe thanked the company, declared their SUPPORT for the company development activities in Matad and AGREEED TERMS OF COOOERATION AGREEMENT"
For ones who said my Tweet re-post Friday was useless!
🦉
Excellent RNS update . So close you can almost smell the oil . Just get that rubber stamp out of the cupboard and BANG we’re on . Plus we’ve repaired and ae developing better relations with the locals , paving the way to being seen as the “go to out fit” for anything oil or renewable energy related in Mongolia ( aside from the cavalier Chinese that is)
Merry Christmas and Happy New Drilling season !!!
Sorry, try again.
Totally with you Doc. Winning the options on the new blocks is key.
They have to start pumping revenue from Heron to then easily scale up. Borrowings against income to funds well roll outs and protecting sh against dilution through fund raising.
It will all work and we should see a good uplift now.
Does anyone know how much compensation we have to pay?
I know what beaurocracy can be like in these parts of the world and tend to be quite pleased with that RNS.
Totally with you Doc.
Winning the options is key for the new locks.
The pessimistic view is that the corrupt provincial governor is clearly still blocking/slowing things up, and that he could find another problem down the line to continue to stop us. Oh, and we’ve had to pay more money.
The optimistic view is that things do seem to be progressing slowly and we should be ready to go once winter is over.
Manx - I’m not sure winning new contracts is good at this stage. MB loves to drill as they say, but it will also require cash! I’d like us to get Heron sorted once and for all before any further drilling whatsoever.
Look like PANTS DOWN Tuesday for some! 😂
Good RNS - Explain what happening - expect signature SOON!
Thank you & happy to have my shares. Time for Dec / Jan Uptrend to start 🦉
For total clarity. MATD being confirmed as the selected contractor for both new blocks on the tender round. Still in process. But seemingly out blocks.
BOOOOOM - PROGRESS and one final issue to transfer money to 10 herder family.
"We expect this to go through SOON"
I think what actually happen is I upset other people trading lol.
No need to trust this or that - Focus on INVESTMENT like I always say (points put down akwats from official sources.
Be WISE not UNPROFESSIONAL 😏🦉
Nearly there.
Very happy with the RNS today.
2 new blocks confirmed for Matd.
Last one remaining issue to sign off on for LP. Production expected to flow at the start of the next season.
Happy Christmas everybody. What more could you want?
At last an RnS and not wos rambling.
So as expected not done yet. Not this winter...
And almost done according to management. Will the market trust this?
I guess sp will be up today and wos can sell.
Mike Buck, CEO of Petro Matad, said:
"On the land issue, we feel that we are almost there, but we will keep pushing until the process is complete. In the absence of any recent precedents, every step has been something new for the Government which has caused delays. We will certainly be ready to operate at the end of the winter stand down when we expect the long running saga of land access to be fully resolved."
Key Company Updates
· The Company continues to push the Government to complete the regulatory formalities to guarantee land access and allow completion operations at Heron 1 to commence. Significant progress has been made with the Matad District authorities with one outstanding issue at the Provincial level still to complete.
· The slow bureaucratic process to complete the special purpose land certification has prevented any in-field well completion operations but the winter hiatus provides time to complete the formalities which will allow operations to commence as early as possible at the start of the operational season in 2024.
· The Company has completed the restoration of the Heron-1 drilling location in preparation for mobilization of well completion equipment.
· The 2022/23 Exploration Tender Round continues with Petro Matad being confirmed as the selected contractor on the two blocks for which it submitted applications.
· The renewable energy JV, SunSteppe Renewable Energy, continues to make progress on two projects and is pursuing three others.
Prof - “… a margin call …” lasting months and months …really !
Maybe you’d just prefer the drip drip down on low volume so you can accumulate as cheaply as poss.
Keep calm everyone. I feel sure the RNS is coming soon.
Header says all
WoS is a ramper.
WoS has got a margin call and needs to offload....
So hé writes a long post with nothing new. All old news.
Do what you want but do not trust the WoS. Is free advice
Header say ALL - what is 1 RNS that move us from Uncertainty to CERTAINTY - RNS for final signature by Provincial Authority.
We know REAL PROGRESS made, is COMPANY MAKER and could come any day.
For me MAJOR DERISK happen with Cabinet Approval - this tell me all CLEAR at HIGHEST LEVEL. This is MOST important thing and final signature MUST follow.
Until then small volume move this. Can see how even single big holder can sell a few 100k of his share to drop price. When CERTAINTY come with RNS (which must) then LARGER & LONGER TERM position will happen.
Price manipulation not so easy then and INVESTOR FUNDANENTAL start to take over.
Quick summary (please filter if you want):
- Asset with 7,000-10,000 bbl per day plan for development in 2024
- Rest 3 Billion field in Block XX extension
- JV with DQE for fast / low cost full field development
- New Blocks
- Renewable explosion in Mongolia with increase in Govt level / Bank financing
- JV positioning with foreign companies due to in country experience
- FULLY FUNDED until at least July 2024 (believe it not).
There is something else also but again will not discuss until after RNS
While some people play game on BB I build up holding. Have very good idea how will develop and as INVESTOR very confident in investment case & Management strategy/ Govt relationship.
Some people do not understand importance of direct Provincial Authority meeting tweet on Friday after direct MMHI / MRPAM talks - think this all Rubber stamp now.
Also FUEL CRISIS and today headline about how 'China will not increase export quota for rest of year' after Mongolia did get EMERGENCY import from them.
Little trader make adventure here with flip flop posting / better investment other place and all this BUT Investment case here VERY STRONG if person analyse clearly.
Your money make own decision - my share is collected & safe.
Be WISE 🦉
Okay,. Go and check Indian Market then come back to me.
All on uptrend. Records being broken. INDIA IS OVER TAKING UK economy.
I've applied for a Pan card and I'm going there next.