Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Has been prepared.
Circulated for thoughts/changes needed?
Not the final document pending the thoughts of other departments?
Has been prepared prior to sign off?
Cannot have been circulated to relevant Ministeries without having been prepared sir lol
My guess is must be made in official form for signature if Cabinet but is complete in content & circulated like RNS say ;)
Hope this help & you are happy soon ;)
Pretty obvious some have arrived late and looking for a lower entry.
Well this is cheap already compared to where this will in few weeks.
Hamm: "DOC, REALLY SHAME ON YOU.
Master was just trying to help everybody here.
Remember that is your contribution.
You are just a nasty person.
A sneaky one.
Master please just ignore the like of DOC."
Hamm you fukktard, WTF are you on about, I haven't mentioned master82 at all today???
I did say yesterday that he should have apologised for calling me daft doc and the like, using words like stupid towards those that couldn't understand the document he posted, when it then turned out that it was him that had misunderstood it. The apology was not for misunderstanding the document and wrongly suggesting the LP was a done deal, but for the unnecessary abuse to those that dared to question it, and who turned out to be right after all.
There is no room on this BB for any other opinion than "LP is GUARANTEED". It's a poisonous board, led by the likes of UWOS, a well-known ramper on LSE who has posted under numerous aliases. You might think you're being all smart and clever following him, but trust me, if this goes to sh.1t, he'll be nowhere to be seen.
Sorry about that, I was having copy/paste issues on my phone.
Earlier in the RNS it also says document IS being prepared... So which is it? Has been or is being because they mean two totally different things
Read COMPLETE RNS sir ;)
Do ument HAS BEEN PREPARED by the Ministry of Mining and Heavy Industry and CIRCULATED to the relevant Ministeries"
Now only need to be submit to Cabinet in basis of National Importance and sign.
Remember 2nd New Block Licebce have been release for tender so sign will be URGENT& Minung Minister direct invilve now with his department
Hope this help :)
What about 14 New license mr Curiouser?
You say wait until refinery but forget 1st round 5 Block only get 3 bid
You think Mining minister go on foreign investment promotion tour to wait until refinery to finish lol
Think you just do but if sneaky trading sir ;)
Be happy :)
Ok I read the latest RNS
I have an issue with the wording, see two paragraphs below, words in capitals "has or is"
Same issue, different writeups...the main man can't make up his mind where the process is?
Doesn't fill me with confidence
Documentation to certify the Block XX Exploitation Area as special purpose land IS being prepared by the Ministry of Mining and Heavy Industry for submission to cabinet for approval.
Block XX Exploitation Licence
Documentation HAS been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area.
Documentation to certify the Block XX Exploitation Area as special purpose land IS being prepared by the Ministry of Mining and Heavy Industry for submission to cabinet for approval.
Block XX Exploitation Licence
Documentation HAS been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area.
Documentation to certify the Block XX Exploitation Area as special purpose land IS being prepared by the Ministry of Mining and Heavy Industry for submission to cabinet for approval.
OR
Block XX Exploitation Licence
Documentation HAS been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries in advance of submission to cabinet to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area.
Just Heron-1 has circa 180 Mmbo with 60MMBO recoverable.
When you add whole Heron Oil field and Gazelle they probably sitting on circa 500MMBO or even more.
Just look at Petrochina block 19 and 21 estimated 2.25 Billion barrels estimate.
Land permit is a given and will land anytime. No question about it. I repeat they need 30,000 daily crude to supply the new domestic Refinery.
Oil and Mining EXPO is in Sep 2023. Mongolia wants to invite multinational companies for investment. Land laws been updated. All coming together now.
We should have producing 9000 bood today from Heron if they did not waste last 3 years to sort out Land permit. May be Gazelle-1 might have also been producing 5000 bopd by now.
Land permit unlocks MASSIVE value been trapped for past 3 years. Some folks do not understand the importance here of Asset of National importance.
Velociraptor-1 upside is separate from Block XX upside.
//One way or another Central Government is going to make sure that Petro Matad get the necessary permits to flow the Heron field//
Not quite. One way or another Central Government is going to make sure that the owner of BLOCK XX get the necessary permits to flow the Heron... that may or may not be Petro Matad. It depends if we can keep going as a viable entity until such time the permit is granted (which may not be until the refinery is ready).
However the MRPAM support DOES give me hope it will be granted in the not too distant future and we will be able to.produce.... but please can we stop with the absolute certainties.
It is NOT guaranteed ... yet.
Mr Curious you sound little bit desperate with all wrong information about Explration licence Exploitation licence and now Special certification lol
Also remember is Ministry of zminng tat have submit documentation and head by Mining Minister ;)
Be happy & share holder :)
It's a NIMBY issue that Central Government have decided has to stop.
Ultimately they make the rules and have said that's what they're going to do.
I'm sure they'll try to do it as consensually as possible but it will, in my opinion, happen.
I haven't re-mortgaged the house but am hoping to pay off the first one with profits as I am pretty 'all in'.
Think people need to read LATEST RNS to understand more clearly.
Local Approval pursue in parallel on 14 Dec
Latest RNS now say Special Certification pursue with all documentation ALREADY submit.
No mention now of local approval & maybe better not get much up sir ;)
Good most recent I formation best to make I firm decision sir
Be happy & up to date :)
Thornogson, how will the Gov make sure?
Is this your opinion or do you have insider information that the Gov will make a positive decision?
If you know for sure then why don't you remortgage the house and put everything you got on this share?
One way or another Central Government is going to make sure that Petro Matad get the necessary permits to flow the Heron field whether the local Soum agrees or not.
Hopefully days or weeks but if it was several months would that be a problem.
It's going to happen and the Share Price will reflect that when it does.
Buy and 6p and wait.
So it was denied. They're trying again whole also reaching out to the Gov.
The Gov (if they decide to take on the decision themselves) may also deny?
Doesn't sound like a positive current situation...then you got posters like wise owl who I actually believe to be a very young and inexperienced trader yelling BOOOM all the time at the slightest sight of blue with a 20p target coming guys woweee. Don't get sucked into peoples sentiment.
As it was mentioned earlier, this share used to be 37p...I wonder how many of these LTHs need to get back there just to break even? Maybe the ones who are yelling the loudest. Just an opinion as always :)
And what this means for Petro Matad?
1. The local soum rejected the land access permit request last year... the company has been told to try again.
2. MRPAM has drafted paperwork to support a request for approval for a land permit directly from Central gov if the 2nd request to the soum is rejected. This is being processed in parallel with point 1 (so I presume that means they aren't too sure it will get approved 2nd time).
3. Draft legislation to remove the decision making on such issues from local authorities to central govt may or may not be approved by Parliament .... and will take time in any event.
Doc and Astro now filtered too. no longer wish to listen to there insane drivel.
Curious is correct except there is also the option of designating an area special purpose land. This also overules the locals and is what we are seeking and quite likely have just achieved.
Hopefully Mongolian government are watching closely recent developments with Saudis cutting oil production and oil prices going back up. Surely they don’t want to miss out on a piece of that action?
It goes like this..
The current legal situation is that local soums agree or nor to grant land permits.
In the absence of an agreement the gov can overrule.
In the long term there is draft legislation to place decision on land access centrally.
DOC, REALLY SHAME ON YOU.
Master was just trying to help everybody here.
Remember that is your contribution.
You are just a nasty person.
A sneaky one.
Master please just ignore the like of DOC.
The required law change (i.e. removing land access request decisions from local authorities and placing the decision making authority with central gov) is still to be drafted and implemented.... otherwise we wouldn't need local authority approval or designated status approval.
I know R and H.
It all makes perfect sense and when the Land Permit arrives we'll all look bemusedly at each other and wonder how we managed to make it all look and sound so complicated and uncertain.
They want Heron to be producing oil. Full Stop.
They've changed the Law to allow this to happen and they're now implementing it and voting on it.
Can it really be as simple as that?
Yes Doc, DynoRod need to be called to unblock a stagnant ball of pungent feathers