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The Mongolian Ministry of Construction & Urban Development has now completed its internal work on certifying the exploitation area as special purpose land, and has submitted the documentation to all other government ministries for comment prior to submission to cabinet.
Petro Matad said it has continued to press the relevant authorities to conclude this process.
For the past year, the company has struggled to certify its flagship licence in the east, due to local opposition. Most recently, meetings held on a provincial level in the Matad district saw citizens committees vote against the central government’s certification proposal.
I would say only two agencies need to check the paperwork. Environment and tourism ministry.
I cant think of any other ministry who need to be informed.
I am positive that 3 weeks should be more than enough for LP to be passed off.
Some people just use this BB to gossip about other ones. Better to share information & research base opinion for useful BB
Investor chat not girly chat please :)
//Same goes for your dumb assumptions of major conspiracy theories you come out with //
Name one conspiracy theory I have come out with lol.
You really just shout your mouth off in a random scattergun style don't you?
Think some people did already decide to sell at spud & why price dud go down even though RNS was positive.
Progress in LP process & confirm all internal work done with documentation already submitted to other Ministeries. Remember this could have happen weeks ago before RNS release.
V1 drill on schedule and research show company often lower COS and fit in with what mr Buck say "Wildcat drill with better then wildcat prospect"
This is on excellent source rock & in WORKING PETROLEUM SYSTEM.
Main thing is Petro Matad already have asset to cover risk & V2 drill paid for. This is not "all or nothing" drill.
People say "but no LP" but also say "sure LP will come not when & will multibag 300%, 400%, 500% or more.
Now LP in Cabinet hand and NOT local govt with process now we'll advance to last stage & multibag on issue can see how money will pour back into investment & share price back up.
Even with no oil at V1 Special Certification issue will multibag price. All know this & why share price rise inevitable imo.
Investor sometime forget all other thing like 2 BILLION barrel PROVEN & IN PLACE in Tosuun Uul Basin which Petro Matad will get revenue from.
Some people make every post attack on other posters & no research/ information.
Logical research tell us with or without Velocirapror Petro Matad SP will multibag from this levels AND the Special Certification WILL be issue soon with last stage of process for this.
Buy or not up to you but ones who complain most loud about stock are one who look to buy really ;)
Be happy & with good idea price will multibag ROI from here :)
I dont think all were sells.
Some trades in the afternoon were Buys but probably went through just under the mid price.
Even at the end of day no buys showing
Curiousbiguy can't see you post anything useful either apart from our right lies,bit sure what your agenda is, me assuming LP is different to lieing you Muppet, also look at my posts Monday onwards also anytime this month is what I stated and again always say no one knows when it would really land we can all guess from what's happening
Same goes for your dumb assumptions of major conspiracy theories you come out with 🤡
Is the LP coming yea it is according to the RNS, who knows more you or the company ?
would have need a better price reaction of lp was sorted!!
no **** sherlock
sometimes just best to say nothing
On top of that, the geology for V1 is one of the best you can have for oil... that is an "inversion anticline prospect "
Iamrich.. nothing useful?
Just like you saying on 7th June "RNS Monday this week (as what else could special permit for oil transmission being discussed mean but the LP for Petro Matad)"
Repeated in some form or another most weeks?
Really "useful"
Badpropit quite a few posts but just waffling and nothing useful as usual to say here,
Well the LTHs obviously - not the traders.
I used to be a waiter avo but its a while back now! I guess PM PIs are ALL waiters if you think about it?
We hit oil on Heron 53m barrels 20+% chance of strike
V1 200m barrels with 20% chance. With oil shows previously nearby.
Plus LP still rolling a long with relevant parties..
I see as a positive 👍🏻💲💲💲
WA---R
Maybe MG will delay LP until V1 results & duster = no LP.
I pretty sure there will be a raise it is just at what price there will be a raise at. After all the staff have all got to get paid and it will take a bit of time to get the cash rolling on Heron. I do not think the raise will come before the LP lands and may even go through to September if there is enough to last that long. The question is when the LP lands and i accept to the doubters if the LP lands. My opinion is when and not if although there are still a couple of hurdles still to be jumped. The ministries themselves and then the Cabinet itself which assuming we do not blot our copy book before then should be a foregone conclusion. So question is when it comes before cabinet. I am not going to fall into trap of giving definite dates but ruling out today as too soon for cabinet discussion otherwise i think MB might have mentioned it and possibly delayed the RNS to receive letter tomorrow or Friday. So not 14th that then moves us to 21st again a possibility but not more than that but given rate of knots or rather lack of knots that the MG moves this is very unlikely. It is a possible but more likely a probable not. Then there is 28th Wednesday a far stronger possibility assuming the departments can get their act together in two weeks. To my mind this is a stronger possibility but I would not bet my mortgage on it which moves us to 5th July and about a week before any expected announcement of VI. This would give a week before the announcement and about three weeks from now. The problem here is if VI is a duster it is around this time i would expect to hear it and to have these two bits of news together could have serious negative impact on the SP although you would expect that the good news should out weigh the negative. But technically a full week before the 30 day TD date given on the RNS spud date. What i will venture to say is that LP should be here before VI is concluded.
WOS - you keep missing the point! Things changed and all of a sudden we had this “strategic expansion” (that coincidentally 5 months I’m yet to see).
So things could change very quickly where a raise is needed. Don’t be so sure of anything or dismiss other people’s views so quickly.
Sadly, I was right today when I said SP would fall and not “BOOOOM”. Be happy, not a nob.
If you do research instead of trying so hard in devious ways to help your own trading sir you will know raise was for strategic expansion & not V1 funding
Maybe you better to do more research ;)
WOS: “ So you do not know if V1&V2 are funded?”
WOS, we were “funded for V1 and a start on V2” according to MB in December, and therefore “would not require a cash raise”. A matter of weeks later, things changed and all of a sudden we need a cash raise. THINGS CHANGE. Do not be so arrogant as to presume you are the oracle who knows everything for certain.
“ Mr Doc how you even invest if you spend more time attacking different poster & so little time in actual research lol
Think you need to write gossip column in magazine & not post on BB with nothing useful for Investor lol”
You do plenty of attacking on here, using obscene references along the way. So don’t go preaching to me.
As for writing a gossip column, you are the worst person on this BB for spouting repetitive, inane nonsense.
Think lot of folks bought in from 4p - 5p range this week were hoping for LP news.
Velociraptor-1 spud news was expected anyway.
Bit of disappointment though...still waiting for LP
Would have had a better price reaction if LP was sorted first.
I think we’ve been let down so often that one almost expects it to not be as simple as all these random ministries agreeing and signing it off, no matter what those super rampers with short memories might have you believe.
With my usual scepticism I can't help feeling that an LP curveball is coming. Hope not.
//So why on earth did MB need to say that the LP has to round the block again for every tom dick and Mongolian Charlie to sign off//
Perhaps he'd read this board and wanted to correct the erroneous statements made by WOS and Iamrich that it had all agreed by ministeries and it was only be a matter of simply sending out the same paperwork that had already been agreed and that the LP would be granted in days?