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And I’m the meantime someone is buying - heavily
Takes bit of time to ramp up Oil production.
Heron-1 not going to jump to 9000 bopd overnight. They need Heron-1 online ASAP and hence Central Govt fast tracking things now to get it done.
Petrochina current production is 17000 bopd.
Oil production ramp up has to come from Heron Oil field. They might also have to go back to Gazelle-1 oil discovery to look for any production shortfall. Hence Land permit is a given in my view. Just SIMPLE COMMON SENSE.
Otherwise no point for having Oil & Mining Expo in September 2023 and inviting Multi-national companies to come to Mongolia.
Tree shake SP manipulation.
Lot more buys over the week and price has gone down 15%
Wonder if there will be another delayed buy of £100,000+ today..
iamrich - why are you so nervous of the “derampers”? If LP arrives, SP will go up.
It’s almost like you’re a bit insecure and unsure yourself about MATD. I don’t blame you. You’ve been saying “LP will be here any day now” for 5 months, so not surprised you’re feeling a bit worried.
there, Thorn...pretty much sums up PM history, lol.
Good posts by some good posters today, and sirbob you are deramping lol it's very clear how an earth do you say others don't know when it's coming but then you have a guess saying it will take this long lol
we been told it's been sent to other ministerys and awaits cabinet sign off, its happening and will happen shortly, so if your not in that's your problem but don't spout misleading info or try and deramp here saying it's will take this long and that long and spouting old news idiot
//This time next year Petro Matad might be huge.//
This time next year, Rodney, we'll be millionaires. Hmm
Sirbob
I was referring to the 250 plus posts yesterday going back and forth when some mor0n comes along and starts recycling 3 month old new and is fixated on what MB said last year.
They not even upto speed with latest developments and the fact we have moved to much advanced stage with Central Govt driving things.
Special Certification
Project of National importance
Start of Oil pipeline construction
New Blocks bidding complete- phase 1
Oil refinery construction underway
Central Govt knows, they need to get a move on, otherwise no point of having Billion $ refinery with no Crude oil feedstock.
Central Govt now realise, Heron-1 needs to come online now to be able to ramp up Oil production to at least 9000 bopd by end of 2024 / early 2025.
Which is why we got DQE multi-well deal lined up
IF we get the Velociraptor rig as planned (it's not definitely ours until it's ours) then the Share Price will appreciated into the spud and through the drill.
Not for the faint hearted if we don't have the Land Permit 'safety net' by then.
Hopefully we will though. Heron is our 'bread and butter' nailed on producer/income stream/future enabler
Any of the Block V drills would be the cherry on top. An enormous huge cherry with lots and lots of cream.
The Share Price come the end of the Mongolian drilling season will be very interesting.
Company presentations through next year too:
Drilling more Heron wells, forecast production rates/income streams.
Updates on production plans for any successful Block V wells?
Early indication of how they plan to move into Wind/Solar/Green energy using the forecast cash flows.
Updates on further exploration drills on Block V and any newly acquired blocks.
This time next year Petro Matad might be huge.
Most of the above (bar geology) is predicated on the acquisition of the Heron Land permit.
We know it's been circulated for thoughts prior to hopefully being signed off by Cabinet.
(Read that on this board somewhere but can't remember who by though)
It's been designated as of 'National Significance' so should be waved through.
With hindsight we'll all wonder why there was so much doubt.
Never say never but I think it's pretty much in the bag?
'Things have moved along to much more advanced stage now'
Yes, they're on their gazillionth wardrobe meeting today....
....and still nothing.
Very advanced...and nearly May !
I’ve not seen a single deramper this morning Mr P, just people pointing out realities, none have said long term it won’t come off, just not as imminently as some are mis leading people with. So far the more cautious have been right as every week a ramper says ‘LP this week’…..still waiting….
Master just said oil this year guaranteed - no it’s not? When’s Mr Buck even said that? He wants it like we all do, but patience is required.
I’ve three million of these buggers, 93k worth to be precise, but I’m not going to lie or mislead like some feel it’s acceptable to do.
There will be production at some point, there will be a pipe line and the share price will rise, but maybe not for a while (although we should see a pre drill rise)
Very clear to see few derampers been recycling 3 month old news and creating distraction.
Smart ones here can see through them.
Things have moved along to much more advanced stage now and news any day now.
Best not to engage with these Trouble makers and waste your energy. Do not reply on their Negative headers coz that is what they want.
WOW answererd yourself 11 times, gets better LOL
No problem mr Wigster and understand what you say. Good to clear this
Be happy :)
Clever one Buying & know Special Certification will be done soon
WOS - just wanted to clarify who it was that was pushing it as urgent, as it may not have been clear to people in your post.
Anyway - hopefully it won't be long and lets just wait for the RNS.
Price UP + 0.92%
Also understand in this big picture why did Mining Minister promise 1-3month. Now no local permission & full speed on Special Certification with Docunent prepared & already submitted to Ministeries at 3 April
Think this should help people see clear what happening :)
If PM manages to SELL any oil this year I'll happily drink a pint of it!
Mr Wigster read post at 07:26. What did I say?
"it is being pushed as urgent"
Also understand other point I make with regular meeting of mr Buck / Am assador with Mining Minister.
Move from local permission to Special Certification. New oil block tender and other
All this help see bigger picture & what happening
Be happy sir :)
Only the derampers agreeing with each other you don't see anyone else lol, all come at the same time never alone, have to say that fruitloop badsmell does go it alone all year round proper mental issues
Sirbonidle is anothe deramper here look at what he just posted indirectly trying to say this will take a long time, have you not been following what's happening recently the government reshuffle and everything happening at speed like the land allocations to local farmers and so on,
Nah your just picking on old news and re arguing and posting stuff that don't matter, we might aswell talk about ww1 here
LOL
URGENT!!! the company wants it urgently. The company is pushing for it...... no one else WOS. Not MRPAM, not cabinet, JUST US.
"....We (i.e. only the company Petro Matad ... for those who confuse "we" as the whole of Mongolia) are pushing for the matter to be brought to cabinet urgently in order to allow in-field activities to commence to make the Heron 1 well ready for production".
Have a good day all. Taking a break from the mad house :)