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Badprofit, quite sad your spending time in a chat board your not invested in ona bank holiday
I'm sure buck knows what his doing and with the COVID delays they will extend licenses, buck is now part of the gang, people just don't know what relations he has with the MG
V2 was part pf the placing funds but in faitness it has to be worthwhile. We also have Phoenix and Fox on block V both of which are big. I'd hate to see these relinquished. Maybe with oil shows an extension would be asked for even if V2 isn't deemed worthy. I'm hoping for the best though.
MG has zero problem with exploration/ explotation license.
Oil is national importance! But if you are allowed to extract it or not is another matter!
At least for the last 4 years.
Ninesandy- but aren’t we funded for at least a 2nd drill in Block 5 as the licence runs out in June next year and hence too late to really move forward.
Research, V2 is an assesment well and as such it will only be drilled in the event of very encouraging signs from V1. If V1 is a duster, then highly likely V2 won't be drilled.
Can anyone help my understanding on this point . If V1 is a duster are we going straight into V2 after some data analysis ?
I focus on Header which think will be how price go now & with understanding that Ministry transfer from MMHI to Construction / Urban Development Ministry maybe made weeks ago.
Also with how much interest V1 drill will attract & lot if derisking (about 25%) which happen early last week with price stabilisation end of week.
Position in strong place to push back up.
Will leave jokes & other things to people who like this nonsense to invest ;)
Heron workover will only take 2 weeks & the equipment and crew are ready to go!
ROFL
Badprofit you assume alot of things lol, broken clocks always right twice in day, mmm I said LP will come and I said velociraptor will come but doesn't mean I know exact dates
I can assume you will be dead one day I will be right on that too one day
YES they are wrong in most BASIC way.
If people listen to you they would not even invest & not even from lower price then now.
Like header say & next week into June. We see price stable last 2 trading day after drop & think even lot will now jump into investment including some who sold last week.
Look like all drop done & RISE back up now.
I "assumed " there would be cash raise earlier this year (there was).
I "assumed" that the most recent RNS would come last Monday (it did).
I "assumed" that the SP would would slide if it didn't confirm Heron permissions (SP did slide).
I also "assume" that no Heron oil will be sold this year (with or without the LP) & that there will be a further cash raise later this summer!
But then my assumptions are invariably wrong aren't they!
Agree Ibiza,
I think people need to remain calm and expect some times things don't go to as planned in business soe.times it takes a little extra time
Also does t help with some very negative posters here who think their assumptions are right 😂
People should just stick to the RNS which is about right on whats happening, buck was forced to out RNS out due to emails going in non stop and the fact the LP paper work was recirculated and buck won't put time on this as he keeps getting slated his only human
Anyways, LP still happening and my opinion is it wil get done in June also velociraptor will get spudded
So all to play for here and the story ahead is great, if things went as planned then every aim stock will deliver riches to all, once LP lands we will see how things change here and the new investors aswell as projects speed up,
This should be sitting at 6p minimum right now but that will correct itself in the second week of June once we are more closer to all news landing
This is a fairly long story and IMO partly exacerbated by us on this board because we were getting absolutely no information from MB. The rise for Spud of the Raptors (like everything else here) is much dependent on SPC or LP on Heron. We here on this board have been waiting at least six months for something that was meant to arrive "Very Shortly" or any moment now. Since then the share has see sawed. There are a number of people on here who do not believe it will come at all or if it does it will be couched in such away that it is next to useless. Why they are invested in this share (if they are at all) is beyond me. Then there are a number who are either firm believers it is coming or think that the upside significantly outweighs the downside and in the middle there are a number of firm believers who are starting to have doubts.
The last RNS (IMO) was never meant to have been made. This was forced on MB because we had not had any news into speculating what the new Petro Matd Energy was all about which he was not ready to divulge just yet. So we got a nothing RNS. No news on the LP other than the news he was hoping not to have to tell us ie the LP has been transferred to a new department and going through all the processes again and a wishy washy nothing statement on the new company. The rise of this share will come with announcement of details of Spudding of Velociraptor. Now if that coincides with the LP then this will fly if it comes before the LP this share will go up possibly get to 8p and then it will depend on what we find. If however the LP comes before or after Spud but before results we could in reasonable time reach 25p. So Quite frankly this is turning into a typical AIM gamble share which is not what it was meant to be. Get the LP shortly and you hit the bottom of a very big ladder. Hit a duster with Raptor and no LP by then and you will be at the top of a very long snake.
Cheers for that..
references oil sector (translated)
Mongolia ranks 15th in the world with 173 billion tons of coal reserves, 6th in Asia with 74 thousand tons of uranium reserves, 36 million tons of copper reserves, about 250 million tons of oil reserves, 11 billion tons of iron ore reserves, and 3 million tons of rare earth element reserves. 22 million tons of feldspar accounts for nine percent of the world's reserves.
To this extent, the mining sector accounts for 93% of Mongolia's exports and 69% of foreign direct investment. For our country, which is dominated by the export of raw materials, the primary goal is to establish a processing plant for the main raw materials of export, such as coal, oil, copper, and iron ore, and to increase the production of value-added products based on advanced technology and innovation. Therefore, the Minister of Mining and Heavy Industries J. Ganbaatar emphasized that it is necessary to focus mainly on accelerating the process of transition from mining to processing, clarifying the legal environment, attracting investment, and preparing human resources.
Minister of Economy and Development Ch. Khurelbaatar presented the current situation of Mongolia's economy, external and internal factors, and future trends in detail to the participants of the conference. He said that it is important to have a stable investment environment in the field of industrialization.
Who give that to you?
//So why the sudden drop off?//
It was a given that if the recent RNS did not announce the start of production from the Heron field (or even the fact that production COULD start) then sentiment would turn to the downside.
Hi guys,,we seem to be down about a 1/3 (33%)ish, any particular reason? I know we are approaching spud (almost June). So why the sudden drop off? I was expecting an increase approaching spud not a big drop? Have I missed something? Thanks in advance
Mr Bad prophet.
You ask me WHEN Heron oil sale - this year 2023 as company say.
You ask HOW MUCH revenue generation THIS YEAR? - depend on rate of fast track development of Heron.
Are contract in place to buy oil? Thinknyiu need to do research on sector & market to understand if thinkbthis will be problem or not.
I as myself this question. Do I think Special Certifucation come very soon. YES
If you think NO then make own investment from that BUT be happy with decision ;)
Change of Ministry could have been done weeks ago so will keep my pants on thank you :)
Are contracts in place (or being negotiated) for China to buy all this oil & PC to transport it?
That's where dqe come in, drill up one well after the other and get paid by revenue, once all wells are you and running poss looking at 180 millions bucks per year, boom
WOS, wish you could have answered the question!
Anybody? Any ideas please?
TIA,
Have lovely afternoon/ evening guys,
So WOS - when do you think the first sales of Heron oil will be & how much revenue do you think it will generate in 2023? (Be honest!)
Only Special Certifucation needed for workover / production from Heron to begin = REVENUE.
Why Ministry change?
Maybe to prevent conflict of interest with any IOM partnership between Petro Matad / Mongol Govt?. Maybe Ministry of Urban Development want credit for SC on Project of National Importance? Who know?
This does not affect my investment in ANY way. Other factor much more important for ME.
Do not know when this transfer did happen so could have been done week ago. Do I think Special Certifucation permission come very soon? YES!
Think you right about lot of money for derisking did derisk & new money that come in will make rise into V1 operation more strong.
Rest let everyone decide & buy or not. Trust Mongol Govt or not. Think mr Mike Buck have made brilliant strategy to expand company or not?
My research tell me in very clear way for my own investment so happy with this :)