Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Master 82
"exchanged opinions" I do not know if Mongolian have the same inference on this as it might in English but basically a very strong difference of opinion and pull your socks up and tow the line is how i read that.
Master82, do you think he will become one of the biggest shareholders of PM or even start getting oil from Heron by replacing MB? :-))
Both Heron-1 and Gazelle-1 were reported as discoveries from what i remember back in 2019.
Think they ran out of time to do proper flow tests on Gazelle-1 and said they will need to come back to Gazelle as they were busy with Heron-1 discovery.
No, few metres, buddy. It was just few centimetres as our such an high-caliber petrogeophysicist CEO couldn't be so far from the oil. He will definitely chases gazelles again and get one of the biggest amongst them. Lol
8/9p next week folks
https://twitter.com/smasters2020/status/1680194978545385475?t=T1X81LJzRGc2ntADO6zm_g&s=19
Today the mining minister was in dorno meeting the local governor and other leaders in dorno.
Get ready for the 🚀🚀🚀🚀
On the 3rd day of my trip with the district party committee members, I arrived in #Choibalsan, Eastern province. 🇲🇳🇲🇳🇲🇳
Today, I got acquainted with the activities of the MPP committee of the Eastern province, had a friendly conversation with the chairman and leaders, and exchanged opinions.
I would like to thank you for the success of your work!👏👏
In the eastern part of my country, the summer is beautiful and the weather is calm.
Hi I don't post much but been a holder fir a few years . Has any one have info about gazelle . My understanding is when gazelle was drilled they said they just missed oil by a few metres . Will matd go back to gazelle?
IF I had any shares I would seriously consider selling at 7.5p - hang on for 10p and you could miss the peak!
Good points for consideration sir
Personally i think it is all speculation and unlikely but who knows.
If they want my shares they are welcome but it is going to cost them a damn site more than what the last buy out was at.
The absolute minimum as far as i am concerned is somewhere around 1usd per share ie something like 75p at this price i would be prepared to listen. I really do not see a price tag of 1.1bn$ as being unreasonable for minimum 200m barrels of oil at a fantastic flow rate and API. It is cheap and easy to get at by oil production levels. The fact that the chinese my struggle with the technology to get that much out is not really my concern if the technology exists they will go out and get it.
So my rough and ready calculator on this is 60m barrels at say 15$ a barrel is 900musd
Plus say another 10% of whole field ie 20m barrels for extraction levels with improved technology at at 5$ approx 100m$
Then i would want to sell the rest of the whole field of 2m ie 120m dollars at say around 1$ a barrel would be 120m usd giving approx 1.2bn usd. And i would see this as a starting point for discussion.
Tusoon oil comes as a separate discussion. I am sure there is some far more proven formula by which this is done but this would leave as far as i can tell plenty of profit for PC and gives us what we want quickly.
PC trading at 46.5usd per share and estimated at currently 62% below its fair value. I would not mind a a few shares in that in exchange for mine plus cash. Just my personal thoughts and dreams. No harm in dreaming as long as you do not plan around it.
Mr Ibiza
I think Mongol Govt will want to protect domestic production for domestic use. This is what they would like but will they be able to do this with strong direction they push for International investment / free market environment?
This is real question because if they cannot then I see Petro China / DQE move onto Petro Matad. We do not have all info so who know.
Toson Uul Basin is already 2 Billion barrel PROVEN & PRODUCING in Petro China share. Same shelf but 50% BIGGER for Petro Matad.
I think in world of investment speculation, Takeover or not, 3 BILLION extra bblmor not, still safe to say whatever outcome value of MATD stock multiple of current price.
Question is MULTIPLE or MULTIPLE of MULTIPLE? I think this is fair view.
The guys ruined this board with his spamping!
WOS thank you for that and very informative and brings another thing to mind in that IOM might be for the government to have a stake in Tucson should it come through.
This (Tucson) is another high impact wildcat drill as i see it but we seem to be counting this as part of our numbers. As far i can tell this only has a 20% CoS (higher than usual according to MB) and the last higher than usual became a complete duster.). So please let us not count these chickens until they are hatched.
But yes possibility that PC with its dying production levels may well express interest in Heron once everything sorted out but i still struggle to see how this would be allowed by the Mongolian Government it would be putting all their eggs in the one basket of Tucson (one hell of a big potential basket) but nevertheless one basket) as regards oil for their refinery.
WOS you seem very confident in Tucson far more so than V1 as you almost talk of it as a given. What makes you convinced this is for real and not just another fly by night exploration at 20% CoS.
If our SP is estimated at 28p on Herron what would it be with Tucson and assume just 50% if PM energy is the vehicle used to bring this to market.
Mr P/ Mr Ibiza
1997 - "Petrovis LLC was founded in 1997 with 3 shareholders and it's director was J Oyungerel, who worked as the General Director of NIK LLC from 1990 to 1996.
Petrovis has started operations as the first private sector company in the oil industry in Mongolia"
2014 - "On Dec 31, 2004, we established Petromatad LLC to conduct oil exploration and production activities in order to make the country independent in terms of ENERGY and OIL. Petromatad became the first Mongolian owned company to trade its shares on the London Stock Exchange"
I do not think Mongol Govt have any direct equity / interest in Petrovis. Also I think takeover attempt by Petro China / DQE is OBVIOUS IF POSSIBLE.
Why wait for takeover offer when major issue of LAND ACCESS has now been resolve.
Because this is OBVIOUS development Mongol Govt will want to protect energy independence goal.
How will they do this? Is the IOM meeting related to this?
Petrovis is private company and if price is right there is nothing to say they will not sell because of higher ideal. Price will need to be high & before potential 3 BILLION Toson Uul development which is also plan for 2023 at same time as Heron. Mr D1nger estimate potential x15 greater value then just Heron development. This is huge!
International free market conditions apply UNLESS something have been put in place to prevent any sale. Does anyone have information of anything like this?
I DO NOT say I have answers but I present logic on this issue with i formation we have & without philosophical arguments.
I think whatever development we see will be very EXCITING & PROFITABLE time for MÀTD shareholders now.
Enjoy weekend & focus on investment and not gossip / insults ;)
Come on you slacker!
My post from yesterday @ 17:04:
“Anyone who ever discloses their umber of shares owned, how much they reckon they're worth or how much money they supposedly make on trading (especially if large amounts) are most likely talking out of their ar5e5.
Possibly a bit insecure or needing validation.”
Investor33: “If I had placed a stop before the open on Monday , then I would have lost approximately £20k in just a few minutes”
Doh!
How about we all stick to percentages. Something like “I would’ve lost approximately 50%” etc.
And just don’t have stop losses and monitor the market yourself. As evidenced, they don’t work and are potentially dangerous.
"What do we need is a comprehensive RNS,"
Yes, Notpleb a true leader and a self-respecting CEO should have done exactly this from the first day of his appearance in the office. At first I even thought that he was capable of just such strategic thinking and could turn PM into a solid company if only oil was found. In fact, it turned out that this is just an empty talker who, even after oil discovery, was only capable of bringing the company to such a deplorable state in which it is now.
It remains only to hope that interest to the company from some influential Mongolian officials or large foreign investors will begin to grow. Which can increase the level of requirements for the company's management, and hence its gradual exit from that oppressed and feverish state in which it remains almost constantly.
In case some people don't understand what happened last Monday, this clips is well worth watching ;
https://www.youtube.com/watch?v=DISjoYzCkLQ
If I had placed a stop before the open on Monday , then I would have lost approximately £20k in just a few minutes, and just before the price magically recovered to pretty much where my average is, in a very short period of time. Of course those who are unaware of what actually goes on sneer about MM ' conspiracy theories ' etc....
AKA Fair Analyst / Positive Vibes / PhilipTan. (WOS?)
Who would expect someone called Mister Positive to do anything but ramp?
Zak Mir yesterday bulletin board heroes prediction 8p this month based on recent chart action.
I would say 10p next week is on.
Ecellent Charts / TA now to push ahead next week on strong momentum ahead of multiple news.
Ibiza.
I am not sure is the honest answer. Unless MG own a % of shares in Petrovis Group. Then yes MG would have an indirect stake also in Block XX via Petrovis.
Think Mr Buck will grant wish mr Pleb ;)
What we need is comprehensive RNS/ mission statement or updated presentation on the the future vision of the company, details of where we are with expansion into renewables contracts bid/ won planned outcome for heron. This is the basics to attract investment, stabilisation of Share price. The lack of information creates High levels of speculation which traders and mm’s love. Hoping young master Buck has a lot to say over the next few weeks.
Also think we get Interview soon ;)