Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Temporary permit? What?!
How can you provide a temporary permit? Its either granted special purpose certification... or it isn't.
They can hardly grant a temporary permit then remove it can they!
I agree with master, some temporary permits does the trick and MB shouldn't be shy.
Wasting another year is very bad idea. How many of those another year has past! 4 years.
In the long and rocky road that is the Petro Matad story the company has never been in a better place
About to do what AIM listed Oil Explorers are supposed to do: drill for oil and progressing, albeit slowly, the permitting to commence oil production from Heron.
If you'd been offered that at any stage over the last 5 years you'd have 'snapped their hand off'.
And yet here we are.
Worst case. They drill dust and the Heron Permit comes next year with another Fund Raise in-between.
Can't see it myself. It'll happen this year.
MB needs to ask for temporary permission whilst paperwork is being looked at. He can't waste another year not making money.
Hopefully 4 to 6 weeks I predict for paperwork to be submitted to cabinet. Or maybe weeks if paperwork is already looked at .
How many agencies are involved . Mrpam , construction and environment .
Anyone think of any other agencies that could be involved
Of course It makes sense.
The politicians are populist and they aren't very popular! So they hate doing anything that might further upset their rather angry electorate. Add that a lot of Mongolians seem stuck mentally in some mythical Mongolian Empire fantasy story are, xenophobic and are resource nationalist.... its a bit tricky!
So of course, the central govt politicians wanted the locals to agree it and of course they now need to show that they have tested us to the nth degree before they agree - or else they will be accused of selling out to foreigners .
So they are dotting all the i's and crossing all the t' so they can't be accused of corruption, selling out etc. I still believe it will come... when they are good and ready.
Doc, I am just thinking how come locals can let us do explotation technically with no ministries reviews.
But government needs all the reviews! Doesn't make sense, does it?
MB is playing his and seek, why? Why can't we have good news if there is any?
Yes, I will change my mind if we don't get LP in the next RNS.
Doc, Yes LP=20p+.
No LP we are in trouble.
I reckon you can read my handwriting!
Hamm, seriously! You have changed your tune in recent days.
What happened to “LP = 20p, hold on to your golden shares!”?!
RICHARD, Starting with no LP secured would be a bad idea.
I don't understand why we shareholders need to beg for information from MB.
He was good at dropping 2 nasty RNS raising money, but mute and shy asking MG for LP!
Why can't he go to that bllllllooodddy MM and telling and reminding him of his promise?
Why should we wait 4 years and still waiting?
V1,V2 200m 1000m barrels of oil doesn't make any difference if we don't get LP.
Please don't tell me we already have one in that area.
I am sure they can find another excuse too.
Why do we need all the reviews for LP but locals can give the LP with no permission from MG about that.
Just hear me. Local can give MATD LP and that doesn't require MM, but if MG wants to give us LP they need a thorough reviews!
Do you really buy that?
Time for mb to start answering question. He just hides away from any oversight.
"It should recover but MB is not fit for this job. Why give an RNS with nothing new for the market."...
Looks like some investors who have not lost the ability to think but are entangled in the lies that the fraudster MB has been continuously pouring on their heads, are starting wake up. And this will benefit all but only if such become the majority. And will begin to act and demand from this whole Genginskhan gang of corrupt bureaucrats and the British highly calibrated swindler to reckon with their opinion. This gang should know and start to fear that investors will appeal to SFO and prove the brazen theft of their investments. Which can not only bring them to criminal responsibility, but force to return everything they have stolen.
Good news good news sandwich you be lucky all he has ever given us is a bull sh*t sandwich time after time
//But imagine if velociraptor hits, and we get LP// Happy early retirement for me if that was the case 😊 GLA
9sandytoes: Thx for your post - great stuff! Keep it up!
Velociraptor should be one of the most exciting drills this year. It is cheap, onshore and targeting 200 million barrels with upside of twice this again. Unfortunately MB seems to have killed the rise into this spud by first delaying it and then sandwiching its RNS with bad news. He has a lot to make up to shareholders in this respect. Lets hope we get a good news, good news sandwich next time.
Hamm - "You are a 'bi polar' argumental guy"
Pot, kettle?!
Hamm,
You could email buck and ask why he was there, also he should be able to tell you why as it's not price sensitive well according to them not RNSing it,
Also does it really matter at this stage let news come when it does, main news we want is the LP and I reckon we should get iy way before velociraptor results,
Maybe a good thing if velociraptor fails then LP comes in to save the day
But imagine if velociraptor hits, and we get LP
Doc, as I said you are a kind of poster that has NO ideas at all. You and bad profit are the same talking about other posters.
With no LP we get no where, simple. You are a bi polar argumental guy. Either you call others ramper or deramper.
V1,2 , etc renewable energy etc is all depends on LP granted.
If we don't get LP we have nothing. Simple.
If next RNS has no LP secured then I might likely bail out.
MB is a very weak guy for this job. Why doesn't He tell us the reason he has been in IOM?
He must get a written LP confirmation. He has been told to come back in 2 months and get LP.!
He must go back to the ministry and the same guy about his promise.
It is a big joke.
Master, I agree, I can't understand why they aren't updating Twitter with the upcoming spud and using social media to provide us with updates to keep us in the loop. The Velociraptor spud should have been a separate RNS in my opinion and it would have been received positively, now it's been hidden in the other updates...
Don't forget folks that Monday is a bank holiday i believe over here but will be all hands on deck in Mongolia or rather i hope just one hand on an LP notice will do me.
This will begin to re-rate as soon as we get news that the rig has been released and is on its way to us. Like I say, only 3 working days left for May and that’s when the rig heads towards our way. I’m sure we all have 3 working days worth of patience within us. GLA
It should recover but MB is not fit for this job. Why give an RNS with nothing new for the market.
He could've just waited till block 5 spud date only weeks away.
Any other CEO would be promoting his company not MB.
I just don't get it.
Must be going mad,I cannot understand why currently this share is so much down this week on an RNS which in the main was very good but for the delay in giving the LP.I would have thought it would have rcovered by now with all the good news that we will hear about in the next period.I even topped up my holdings as I thought the price was so low.I think we most probably have hit the lowest so it should be only up from here hopefully
I think MB has dropped the RNS to bring the price down and get his mates and MG in .
He did the same when he wanted to raise funds. He told us 3 months abd then raised at silly price.
honestly ive been reading this board for a while. too much waffle on this board..
both sides are as bad as each other. you both over speculate to ramp. (even though you wont admit)
and ai and badp talk **** (to deramp).
but the side with matd dont seem to reaslise that they are just as bad as ai and badp...