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Prior to a democratic election, making potentially unpopular decisions for the long term potential good of the country or, short term decisions to secure popularity, power, fame and fortune???
No, those latter would never enter a politicians head would they 😕 !
However the illustrative politician in this example may actually politically be a resource nationalist themselves and ergo want the field to be owned by Mongolia.
Various options available for motives and outcomes really.
Politicians don't give a toss about the so called activists hypocrites!
I don't recall that political decision here is based on a couple of stop oil guys. On the contrary MPs is passing a law a long prison sentence for them if the cause trouble for cars/ traffic.
The politicians may just may them feel they are important!
Have just return from shopping and see posts & understand 2 thing very clear
1) Most poster who try to sow fear about stock are not well research
2) Maybe they hold some share like they say but not much or how much they want. If they REALLY believe what they post they will not hold share. I think everybody understand this.
- Local Govt route have been bypass (mostly). They do not support Petro Matad so why anyone surprise to see FB page of local politician. Is this mean to be serious post? Lol
- Cabinet take over (not Great Hural which have all party). Thus is VERY pro business Cabinet. Special Certification go through them & in their hand
- Great Hural. This is Central Govt and Land Law amendment go through them same time. Thus happen BEFORE end of week.
We WILL get land access through Cabinet or Great Hural. Timeframe for both we use correct word IMMANANT.
For Great Hural I post already and BEFORE Madam. For Cabinet route I make estimation from MMHI submission process.
About 4 or 5 protestor maybe some people do not know how often protestor sit about. They cannot interfere now because Pro Business Govt pass law to imprison them if they try. Someone who does research know this.
Now ask why some poster who say they hold try so hard to post so negatively (and without real understanding)?
They want other to sell while they look to BUY
Be happy & make own decision. RNS is coming :)
That is a good one.
Thanks
Politicians do whatever gets them voted into power...not what's best for the country
Great post researchandhold
I'm a minister sitting in MG cabinet looking at our governments $1Billion loan going into building our first and only oil refinery which will help our national revenue / budgets and balance of payment such that we'll be a long way towards being oil product self sufficienct.
And on the one had I'm told we have a foreign investor ( who incidentially are 21% owned by our biggest petrol retailer - Petrovis) with an oil discovery capable of supplying our refinery under an off take agreement ( IoM visit?)upon which
we've already granted an Exploitation Licence and they need a Special Purpose Land use Cert which we've already said
we'll grant as the discovery is of National Significance in that it will lessen our dependence on China .
Yet on the other hand I see 2 two or three activists & a local minister who's main "beef" is with PC who we're getting to act in a more environmentally sustainable manner after years of letting them get their own way.
Against the back drop of our President & this governments vision of attracting more foreign investment to exploit our natual resources and realise the Vision 2050 & New Revival Strategy.
Am I seriously not going to back our countries future prosperity ?
If you did the research you'd know that MATD have stated they could achieve first oil as early as 2024 if V1 is a successful drill.
I keep saying it but just take a look at PDR THEY HAD 24/25% chance of success. They found gas and today its trading at 16p. Only took few weeks fron 5p to 16p
We have Velociraptor-1 and heron field news on the way.
Vikinglass, imo, I think without LP even if V1 is a success there isn't going to be that much of a significant uplift in the SP as the oil from V1 will be at least 2 years before any production comes from It. As stated by PM it gives them enough time to apply for the EL before licenses run out next June but should not take as long as the EL award for Heron as the procedure is already been set out. GLA
"have a dialogue about potential events which could materially effect outcomes, without it being 'shut down' by certain posters."
True, I would like to have a dialogue on the Velociraptor drill and "what if" it's good news
My reason for posting is Jimi's comment about the elections due in 2024.
If (and hopefully its only an if) the special purpose cert has not been awarded shortly as promised, then we would entering a time when elected members would be looking to secure popularity in order to get reelected.
It is a consideration is it not?
Anyway good to have had the chance to update on outstanding issues and have a dialogue about potential events which could materially effect outcomes, without it being 'shut down' by certain posters.
Since those April 2022 posts, new legislation has been bought in regards corruption in relation to anyone trying to stop the rule of law with non legal reasons will now face imprisonment. In April 2022 there was corruption from local MP's, the governor and the activist stopping PM, why do you think this has now stopped and also gone to Central Government to sort. Matad is never mentioned by the activists now. I think the last time was in October when the locals had their vote. Nothing since so i would forget about that angle and concentrate on what is happening NOW in Central Government.
Hamm - I’m waiting for WOS’s guaranteed 9th July. But I might sell my shares I bought at my last top up if no news soon. This has a very bad smell about it now.
But I’ll keep a position here because I’m hopeful (although getting less and less with each month that passes by) we will get the LP and if I did sell out and it came in, I’d be pi55ed. Also, I don’t have another share I want to buy right now nor need the cash.
Anyway, you never did answer my question?
No point posting about these activists. There are 3 to 5 max. Mainly 2 who are always causing problems.
They are not going to stop PC or PM . They don't have any authority. Even the lical governor is helpless.
They are not going to affect PM
The police have become tougher with the activists, Petro China is still operating, business as usual
Doc, if you believe as you said extremely unlikely to get LP then why don't you sell up?
Unless you believe LP is being granted soon. Hopefully this week. Time will tell.
This is the intent of the government.
Let's hope this gets sorted quickly before "saving the mongolian wastelands" becomes a western celebrity virtue signalling cause like the rain Forrests of Brazil are, and we end up with the Just Stop Oil lot all on planes to camp and protest and make the world aware......!
This might sound sensational, like the odds of the Titanic sinking on its maiden voyage were! But if this is not sorted soon and it gets into the wrong hands, then this could become a huge problem.
Curious, the negotiations with mrpam/matad/petro china is for petro china to buy the oil from both Heron and Velociraptor (if success) until the oil refinery is up and running, it's in Petro Chinas interests too to get the LP
No. I've known about it for at least a year/18 months, which is ehy i hsve a more cautious take on matters.
Interested to know why you no longer post about it though Masters ... you used to.
You only discovered that now. I've known about the whole situation from day 1 when they raided the heron field and stopped the drilling.
Nothing new here. I posted it back in 2019
So why do you sound nervous, Hamm?
Curious market knows the whole situation with the locals.
We are waiting for the government to give the LP.
PC is still operating so do not worry too much about the activists.
Local governor is also against PC and PM but that doesn't stop PC from exporting oil.
Loads more but you get the drift
https://m.facebook.com/story.php?story_fbid=pfbid0379ChsJXecLqE4BH4jH4TuSFrVr5Y2tGkgHzv6cuko2eVdNckj1a5v4pUC6a6YGfKl&id=100011445393483
Guys what we should understand is that regardless of the oil price Mongolia strategically need oil to be self sufficient. That is why LP is if national importance.