We would love to hear your thoughts about our site and services, please take our survey here.
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.
Last minute scrambling doesn't bear too much fruit.
If there is a a general belief this will go up 20-30% from nowhere the time to get in is now.
Many have been caught out .
MisterPositive - I wasn't suggesting a takeover would come in, but more that if one did, I think it would be a western company rather than a Chinese one. Absolutely no idea how they'd value it but I'd personally be disappointed with anything less than 15p on a TO, as it stands today, right now.
Very true. MATD makes its move higher without warning as seen many times recently with +20% or 30% rise out of nowhere.
Too many eyes watching this one with next RNS coming anytime just like Thursday last week and people scrambled to get in.
Patience again, could go up in the blink of any eye
Not much volume today (I know it’s early) but looks like everyone is just waiting for further news. I think the talk of takeover is natural but if we continue go down the route of producer then eitherway we will be rewarded.
Interesting point you make on TO by Western Company.
If so, how will they value Block XX now that we got the access rights. Last deal for Block 19 and 21 was when SOCO sold them to Petrochina around 20 years ago for approx $100m after DQE drilled just 2-3 wells and Oil price was quite low.
Similar deal at todays Oil price would be many Multiples of the $100m Petrochina paid 20 years ago.
Doc I hope you are correct I really do
Focus now fully on Block XX which potentially could be sitting on more Oil that Petrochina 2 billion.
I would like MATD to develop Block XX just like Petrochina developed their side and take the Oil production closer to 20,000 bopd from self funding additional wells from Oil revenues.
These are very cheap low cost wells costing around $1.2m each.
Bigbench: “The Chinese might swallow up little old Matd….. they have funds coming out there ears.”
My gut feeling is that the MG have told MATD they wouldn’t give them the LP and all these other possible things if they simply sold out to PC or another Chinese company. Only IMO, but I think MATD are going for this on their own and if there is a TO, it would be a western company.
Has no one clocked the confusion with the rns pm and sunsteppe
Petro Matad is forming a joint venture with a very active and successful Mongolian renewable energy project developer called SunSteppe Energy
Its forming a joint venture with itself?
https://www.wolfsonmn.com/team/ Wolfson is a financier.
interesting filing history https://find-and-update.company-information.service.gov.uk/company/08787783/filing-history
What i'm trying to ascertain is how the company works.
I am well aware of the potential and well versed in govt energy intentions and PM's meetings in china as well as govt depts website, lots of projects but no mention of Sunsteppe! Speculation doesnt interest me as there are no facts to back this up. 30% OF CURRENT HOLDING IS FOR LONG TERM POTENTIAL.
Too much talk not enough action!!!
The Chinese might swallow up little old Matd….. they have funds coming out there ears.
RNS follow by RNS follow by RNS in Q3 2023. - so what?
- Oil Production in 2023 - or 2024 (maybe)
- Near Term Renewable Revenue & Explosive Growth of sector with China / Mongol Govt investment/ Contracts - haha!
Be happy.
If someone have you over barrel maybe you still enjoy experience sir Lol
Answer NO. Also read what I say about National grid. Also think in business sonetime better to leave paranoia to side & think how business work for mutual benefit of parties
Think business not BB twisted logic ;)
And with only one customer for its energy products - CHINA - won't they have Mongolia over a bit of a barrel when negotiating prices?
Renewable contract capital come from stage payment by Contractede (many China base). Also check out investment input by World Development Bank & other Funders to grow sector
Basic research sir. Be happy ;)
Header say all but please read if you have patience ;)
- RNS follow by RNS follow by RNS in Q3 2023.
- Oil Production in 2023
- Near Term Renewable Revenue & Explosive Growth of sector with China / Mongol Govt investment/ Contracts
I will mention 2 other point just to helpreal investor.
Petro Matad have PLENTY of cash for operations. RNS ONLY 3 WEEK AGO say "enough cash until AT LEAST 2024"
Some people want to make discussion about phantom placing. When we have clear statement only 3 week ago think this is sillly. Last time company need money to secure 2023 operation AND set up Renewable JV/ New Blocks.
Now FOCUS on Block XX development with Renewable contract attracting inward investment.
(* If you believe placing talk from traders do NOT invest & miss coming newsflow ;) )
"Follow up formality to conclude paperwork mean just that.Cabinet have instructed officials to conclude this and expect within next couple weeks with Petro Matad already talking to service providers to arrange WORKOVER / PRODUCTION.
Some say but had so long delay before. Maybe same one should think delay before was to bypass 2017 land law which give local govt power. This is VERY DIFFERENT from Cabinet Special Certification given, protected in law & direct order of Cabinet to complete FORMALITY for start of Block XX operations
This is long post but must write because SO MUCH disinformation / sillly logic people try to use for selfish reason.
Petro Matad have been MASSIVE DERISK with land access issue sorted out & now start of move toward PRODUCTION / REVENUE GENERATION & massive Renewable sector involvement.
-DQE deal
- New Block news
- Block XX operational updates
- Toson Uul (3 Bn bbl estimate)
- Renewable near term revenue
MASSIVE NEWSFLOW STREAM!
//Wondering where near term income is coming from//
Me too - you don't get summat for nowt. Renewables will need substantial upfront investment to produce any return. Where is that money coming from?
Mr Ibiza think we both agree look like something BIG for high level Mongol representatives to be there IN PERSON and link with major Investment / Growth in energy sector.
Like you say should hear very soon.
MrNotPleb
Looking at Su Steppe website by itself not enough. LOT more research into sector require.
Ex Have been following dialogue between high level Govt meetings with China rep from energy companies there. Lot of talk of major infrastructure investment into Mongolia renewable.
Website & mr Buck talk about renewable export to China. RNS say "at pace development & NEAR TERM REVENUE" from Renewable
I tel look at 2 main drive to service National Grid and China market. Development Bank heavy involvement & grants.
Memorandum sign with Asian Development Bank for Mongolia to join Asian super grid.
Wolfson Capital (SunSteppe partner) already did involve in project with ZTT Int for First Utily Scale Energy Storage Project which Prime Minister did open.
Recent Prime Minister visit to Beijing meeting mostly with Energy company exec.
China 2030 renewable energy transition will be 5 year ahead of schedule to 2025 from research by GEM (Global Energy Monitor).
I see RENEWABLE sector as MASSIVE growth area for Petro Matad but just reading SunSteppe website not enough to understand this.
Wos cont
1) So far as i know this idea of a JV with the government has never been mentioned before in any RNS or presentation where as Steppe JV has. Therefore this has suddenly come to the fore.
2) It is a sign of the deepening and trusted relationship that MB has developed with MG.
3) They took advantage of the Royal Coronation to set this company up not on line nor have this meeting on skype but face to face.
4) IT is has not been done with minnows or a few jobsworth civil servants but the main men and with the inclusion of the Mongolian Ambassador may even include knowledge from our government but that is extremely tenuous. But majors political players, a head financier, Mongolian Ambassador with our CEO and also fly over someone who looks as if might be our company secretary. No i do not think this is tiddly winks time. When will all this start I do not know but my hunch would be September/ October just before winter sets in if that effects anything but the government is back in session by then. Otherwise it would be next year so if next year why set up the company quite so urgently.
Something has come up or someone has had an ideas and they are going to run with it very shortly would be my guess.
WOS
Yes i saw the bit about this enhancing the Heron prospect but honestly do not understand it. So how does failure in the Raptor exploration enhance the prospect in Heron surely it is a completely different site unless you are telling me that all the oil in Raptors has suddenly re-materialised in Heron.
Why Gas and not Renewables.
For me the clue is in the wording or rather what is not in the wording. The use of the word energy in todays day and age is forever linked with fossil fuels. Now if you had a renewable source ie solar panels or wind power you would not want to call it just Energy but call it renewable energy or something like that. And if it is as you suggest it absolutely terrible PR. I rule out oil as that is what we do. So what is the nearest thing to oil that you would find with drilling and that is gas. IMO.
Why i think it could be big.
1)
Mr positive,
They are either fools or playing fools.
Thanks for the filter option.
Some people are just paranoid and causing mischief.
From the RNS paragraph...lets break it down:
"The Cabinet approved the certification
and also instructed officials to
conclude the follow up formalities
required under the Land Law. "
Key words:
APPROVED
INSTRUCTED officials
CONCLUDE
FORMALITIES
Https://www.sunsteppe.com/our-services/
Formed from PM and Wolfson Capital
From feb RNS :- Petro Matad is forming a joint venture with a very active and successful Mongolian renewable energy project developer called SunSteppe Energy ("Sunsteppe"). The combination of SunSteppe's expertise, contacts and track record with Petro Matad's project execution experience and in-country support functions will give the joint venture an excellent capability to compete in the country's growing renewables sector and to benefit from the early entrant advantages that the Company sees are on offer. Mongolia has huge renewable energy generation potential from solar and wind projects. The country has large areas of very lightly inhabited land and a firm commitment from the government to improve the environment and the wellbeing of its population, to reduce its emissions and to become an exporter of clean energy.
https://www.zoominfo.com/c/sunsteppe-energy-ltd/536433987
PM nor Sunsteppe websites give any information regarding future projects and obviously registered in US. As a separate company wondering how this will benefit PM shareholders. Looking for enlightenment from anyone with knowledge.
Wondering where near term income is coming from
Mr Ibiza
Agree with you on lot of points but here is key difference I have.
V1 out of way actually give more confidence in Heron valuation just like Progressive Research say
"Our RENAV is reduced from 57.7p/share to 26.7p/share. The Special Purpose Land should provide investors with MORE CONFIDENCE IN THE CORE VALUATION" (26.7p).
Also you may be right about GAS I do not know but I think will be either Renewable because this is BIG focus of Govt (I will post some of my research source later at some time maybe OR as company which set up to JV with other foreign investor because of in country experience.
This way Govt get PSC from new asset discovery & some direct equity with limited exposure. Same as PM who limit risk exposure but have plenty of foreign capital.
Just few ideas and like I say only ideas until confirm.
We see but look forward to lot if RNSs now in very near term & focus to revenue generation :)