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I'd love it, just love it, if there's a procession of great RNSs at the very moment our resident "any day now!!" BOOOOOOOOMing expert WOS is off for 2 weeks buying new pants and (hopefully) getting his Irritable Owl Syndrome sorted. Be happy!!!!!!!! X30000 BAGGER INCOMING....ANY DAY NOW!!!!! STRONG BUYING DETECTED!!!!!! BREAKOUT IMMANANT!!!!!!
WOS have a great holiday and i am sure we will all be here when you return and yes i hope you are right it is double digits but somehow i think we are here in same place for another couple of weeks at least.
Wager what b/p? You've neither the funds nor the guts to invest in PM (or anything else). What else have you got to put on the table - your grandmother (RIP)? - so who would want to wager with such a charachter?
If all formalities are sorted soon then the elections next year shouldn't be an issue. IMO if the formalities aren't sorted soon then I believe Heron will be put on the back burner until the election campaign kicks off and PM will be used as a pawn in the energy independence war. We could still squeeze in the work over until this seasons drilling window closes but not a great deal of oil will be brought to surface to be sold. We shall see soon enough. GLA
Spot on Wolverine007. Only thing I would add is that the 'non believers' are few and far between on here. They are not what they make out to be and know what's coming. Watch them change their tune ( or disappear) when the RNS arrives.
Spending all day every day on here to annoy people omg ! Why this BB and no other ( please don't respond Badboy lol ) GL all holders
WoS go to Cameron Highlands. Beautiful place. Beautiful country too.
SP double figures in 2 weeks time - will have a wager with me WOS?
Before I go 2 week holiday with Mrs WOS across border to Malaysia I say this.
Just look at header and ask question what was big obstacle about land access. Now has been confirm Herder agreement & compensation agreed (I did even put direct quote & link from mr Buck for person who say they did not see it).
Workover of Heron 1 not depend on weather because not drilling (check mr Mike Buck interview).
Also DQE have some all weather rig for work on specifi operation
Some people try to spread misinformation or make doubt but like mr MMAFR quote directly Cebtral govt committed to production THIS YEAR and not dependent on anonymous BB trader opinion here lol.
Now Herder compensation / agreement confirm all look very good for this and with Central Govt direct involvement in process like mr Buck also confirm today.
Buy or not but sneaky poster here will look for own opportunity even if it mean spread false info.
Do ownbresearch because MAJOR RNS coming.
I will enjoy holiday & think will come back to all system go & SP in double figure as development suggest
Be Happy & Wise 🦉💰
I understand: You're still searching for both. GL
Wit & wisdom Ojay, wit & wisdom!
So ist's true: You're here to wind up AND "have fun" - great!
Unfortuately I doubt anybody can take your contributions seriously if that is what your purpose on this BB is all about.
Ojay - thanks for the advice. I don't get how you divine that I am the "most popular negative speculator" (seems like a bit of a contradiction) but I really don't give a toss what anyone else thinks. I'll say what I want, take it or leave it - your choice.
PS - ALL speculation is unnecessary if you think about it - but it's sometimes fun to do.
B/P: "I think at the time..."
Assuming that "thinking" could actually be one of your strengths compare that to mmafr's extremely prudent statement (5 minutes before yours): "....avoid unnecessary speculation".
b/p: Whether you like it or not - you are the most popular negative speculator on this BB. So you may want to take mmafr's proposal into consideration.
I think at the time of that interview MB expected that he would be able to access Heron in short order & certainly long before the end of September. And he still can't.
Perhaps it would be appropriate to remind ourselves of the official statement from PM and avoid unnecessary speculation.
“The Ministry of Mining and the regulator MRPAM have said they would like us onstream by the end of this year, and will facilitate that and we would obviously like that too.”
“We really want Heron-1 onstream as a priority – as well as all the other exciting stuff. That’s the big target for 2023 – we really want to get that onstream, and we will announce it when we do.”
https://www.lse.co.uk/media/MATD/mongolian-oil-developer-petro-matad-hopes-heron-1-oil-discovery-is-onstream-by-year-end-bt1j8op09rc1uid.html
Guys, please stop rubbishing the board with all porkies.
MB is as frustrated if not more as we are. Dealing with Mongolian doesn't look easy to me.
He would love to have H1 into production this year and he will do that.
There are all sorts of regs/rules which need to be addressed.
Apparently all the herds have agreed and government needs to confirm it.
It is a matter of short time. H1 operation is comin this year.
This is a big opportunity for adding or at least hold to your shares.
Asa we get H1 operational the price will shoot up.
//Brent crude oil typically has a low pour point (-18 °C), due to its low viscosity and low proportion of heavy hydrocarbons.//
If it's a typical Mongolian winter (-20 down to -30 degrees) the oil wont flow. Once out of the ground it would have to be kept warm by supplementary heating.
There are no guarantees in place for 2024 either! MB is not concerned though. His salary still gets paid every month.
Pilsbury are you sure work can be carried out in winter.
The Heron well is already drilled. The ability to get it up and running with oil pumping out is not weather dependent which means it can be set-up during the winter months. It's a two week operation, all of the necessary equipment is available. Heron is unlikely to go into hibernation during winter months, unlike rest of drill operations that are exploring for oil. We have found the oil.
Mid September. I think we can safely say 2023 is done. We all need to hibernate and wake up in the spring to start the new round of copy and paste statements and comments!
@Jimithebrush. If Petro Matad has the special purpose status and the formalities are agreed and completed, why do you think elections next year would be an issue? TIA
For the non believers; the order for PM to produce has come from the top of the government. The herders and landowners have agreed to relocation/buyout or whatever. To me this is clear as water. PM will shortly be producing for sure. Whether that be this month or next year the outcome is the same.
Aeschylus- thanks for highlighting.
Yes MB say " all of the herders with registered pasture within the area have been spoken to by us......and they realise its going to happen ...so they've agreed to relocate and "we "( correction) the government can conclude the detials......."
During 2022, the Company continued to make progress ... but remained frustrated in its efforts by the ongoing land access dispute. However, having made good progress with central government, the Company is confident that the land issue will be resolved during 2023 ""/ Realistically this could also mean upto the end of December with the possibility of no production and another wasted year and then to top it off elections 2024. GLA