Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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This year like it say in the RNS - 2023
From the Ministry of Construction & Urban Development yesterday
"The Government's resolution on a quiring the land "along the direction of the oil pipeline" for SPECIAL NEEDS was submitted to the Cabinet Ministers for discussion at the Cabinet Meeting"
Cabinet Meeting TODAY to discuss 40 topics and believe Block XX Special will be submitted for signing
Buy hold sell no problem. When RNS come will open up more then any recent drop & try to buy share
Be happy :)
The question is which year ?
Why don't you have a pop at WOS for being up so early like you do with me?
This is all anyone really need to know to have confidence in holding MATD stock :)
40 issues being discussed. Let's hope our LP is one of them. About time we had some good news
Dozzawba, agreed, I've been digging and can't see any other reasons but we can all be wrong but let's hope our thoughts are correct,
If this is related to the special purpose area permit then I'm thinking the cabinet meeting could be a few days long
Iamrich, if they have already started construction of the oil pipeline, surely they have been granted land status for the area under construction, otherwise they wouldn't have started at the end of April with a big announced ceremony. There would be massive egg on the face if they had to stop construction, because they hadn't got a permit. The oil pipeline starts from Matad Soum in Block 19. Therefore IMO I can only think that the area around the pipeline they are talking about is PM's Block XX. As said that is my opinion. Fingers crossed
Dowzzawba what's your thinking, if it's not for this then ?
What doesn't make sense to me is that why would the land ministry need to grant a special needs licence for land use and pass it to the cabinet for the land "around the oil pipeline" - which starts in Matad Soum in Block 19 when they have already started construction on the oil pipeline at the end of April and there was a big announcement confirming this.
Ok why don't you also wait for the next RNS and stop posting non stop you didn't answer my question earlier are you invested?
Why do you always divert from questions, what is your reason for being here, why do you keep posting here with negatives and never ever been positive
Not invested then why is the big question, what happend to you? What did buck do to you in the dark room he took you into?
I wish you guys would stop clutching at bloody straws! - "along the direction of the oil pipeline" in no way infers PM access to the Heron field. Wait for the next RNS.
To me this submission by the land and development ministry has to be to do with matd LP can't see anyone else currently waiting on special measures for oil related matters
Special needs/requirement/ purpose, has to be the special purpose area permit
Thursday/ Friday will be very interesting for sure,
Anyone else done any further digging?
As owl posted this morning and the info wasn't discussed due to some people blatantly rubbishing the board so the news does not spread,
"The Government's resolution on a quiring the land "along the direction of the oil pipeline" for SPECIAL NEEDS was submitted to the Cabinet Ministers for discussion at the Cabinet Meeting"
Very good points Thornogson. This raises a couple of important questions: Firstly, what are the economics of trucking crude oil to a refinery in China until such time as the Mongolian re=finery comes onstream; and secondly a related point, applying cash from the early Heron wells, how many wells can be drilled and producing ahead of refinery completion?
The oil produced by the Heron field will be proportional to the number of wells that have been drilled into it.
The later ones will be funded (hopefully) by revenue from the first wells.
It'll take a long time to drain Heron dry.
Best to get the ball rolling in 2023 so Heron's 'cookin' on gas (oil)' when the refinery and oil delivery pipeline are ready for action.
Horsers: a question for you. If V1 & V2 are successful and the land-use licence for block XX gets issued in the near future, how much crude oil production do you think can be brought onstream from blocks XX and V in time for the planned refinery start -up?
Absolutely badprophet, It is almost inconceivable now that Mongolia’s domestic oil production will be sufficient for the viability of the refinery when it comes on stream. IMO, the MG may have to defer refinery start-up or else import cheap Russian crude.
Along these lines Horsers, (and as debated yesterday) MB might be aiming for more leverage. Two oil finds means ... stop ignoring us!
Badprofit are you invested serious question
As a 5 to 1 chance that's not very encouraging!
I can see the MG waiting to see the result of V1 drill. If successful they will issue Heron LP as plenty of oil to feed the refinert. If not we wait until next year and another year nearer to refinery completion so that Heron oil supplies the refinery
Doc the way I look at it, is there could different scenarios and as already said tbh I haven't got a clue what is playing out here. As frustrating as it it I am confident we are going to get good news soon. IMO !!!
As much as I have been vocal against MB for his lack of communication, as a CEO I cannot believe he would go ahead with the spud of Velociraptor if he hasn't been guaranteed he is going to get the LP. As I said ref the MG it would be suicidal for them not to grant it, I think it would also be suicidal of MB and to Petro Matad as a company and its shareholders if then V1 was a duster.
Or is he going ahead as he is more than 20% confident Velociraptor is going to come good, he keeps on harping on about how excited they are about Velociraptor. He's the one who stated it COULD be a country changer. Or is it due to the time left on the Exploration licence means he needs to drill it now, or is it because Major Drilling have to go to TMK after V1 and potentially V2, so he is time limited. Who knows ??? none of us !!!
Obviously for all our sakes we get the LP and Velociraptor comes in. Here's hoping. GLA
//before any views have been expressed. //
Views are expressed continually & ad infinitum - responses don't have to be on the same day.
//What will you then tell your followers?//
Great God Almighty "FOLLOWERS"? I would hate to think that I have any followers! PMSL
Sad Prophet you say you counter other rampy views and yet you often post at times when only nocturnal animals are around before any views have been expressed. You seem to glory in your pantomime villain alter ego. Sad indeed.