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WOS where do you buy your drugs I want some?
Nice work Jimi.
Block V is highly prospective. We just missed the sweet spot with Snow Leapord which had oil shows but oil seem to have migrated to the raptors. Hence Velociraptor-1 will be watched by many as that would confirm the 2nd working petroleum system. With Fox and all 4 raptor prospects we would be looking at +1 billion barrels at least if Velociraptor-1 hits sweet spot.
Sorry, surf1, can you clarify what you mean?
This is going to fly soon
Petro Matad’s Block XX exploitation nears cabinet approval
MATD up on nearing approval and National Reinsurance SOE IPO approved
Thank you for correction mr D1nger. I appreciate this sir :)
Sorry WOS have to correct you on the Toson Uul basin. Yes we have 60% of the basin but the two billion proven barrels are in the Petro China 40% of the basin.
If the oil is distributed in proportion through the basin then we could be looking at 3 billion barrels on our 60%.
Looks like it could be our year at last
This first ones I think Mr Master and have other during month. We know LP documentation already sent to Ministries so will be ready to vote on with Cabibet meeting.
April will be great month for us look like :)
Can the public attend Parliamentary sittings?
Be good if they have someone observing and can buzz MB when the LP Passes.
Sorry from 03/04 to 07/04.
Have 60% share of 2 BILLION bbl proven & in place Block XX extension into Tosun Uul Basin.
This why DQE deal will make SP fly harder & higher and know deal term agree already.
Price setting up for breakout & sustain :)
PARLIAMENT sessions are on from 3rd to 5th April
There will be a lot more oil if all these come in as well. Phoenix and Fox Prospects
Oil in TSC-1 core hole proved a working petroleum system in Tugrug Basin
3D seismic reinterpretation has defined new prospectivity in addition to the large, basin centre Fox prospect (200MMbo mean recoverable prospective resource potential)
Shallow four-way closure over Fox has 10-40MMbo potential and extent of closure conforms with surface hydrocarbon seeps detected
Phoenix prospect has 4 target horizons in a fault bounded structure with 230MMbo potential. Phoenix West has additional potential of 130MMbo
Shallow (<1500m) wells can test Shallow Fox and Phoenix. Targeting well costs under $2MM GLA
Mongolia will need all the oil they can get hold of to feed their 30,000 bopd requirement for their upcoming Domestic Oil refinery.
Everything will be fast tracked to meet that target.
Hence the urgency and proactive stance by MRPAM and Govt.
There really does appear to only be 'upside from here?
Every day taking us close to the Heron Land Permit and Velociraptor spud.
A couple of % here and there and then boom day.
Then Heron first oil day.
The rest will be history.
This was posted 7 hours ago on a Government official FB page - name is Bat-Erdene Bat-Ulzii - ref last weeks meeting at Block XX where the map was shown in the FB picture
WORKED IN SUKHBAATAR, DORNOD AND KHENTII PROVINCES
The working group established by Order No. A/62 dated March 14, 2023 of the Minister of Natural Resources and Environment, to ensure the implementation of Parliament Resolutions No. 41 and 46 and to finalize and present the boundaries of natural resources and monuments in Sukhbaatar, Dornod, and Khentii provinces. worked. Halkh five mountain, Meneng white pipe, Jaranjyo half "A" part, "B" part, Tashgai five lakes, Khokh lake, Ongon five springs, natural reserves and natural monuments of Zotol Khan mountain are covered.
WiseOwl.
Thanks for your contributions also. Many thanks
Should be very good year for MATD.
Great stuff Dozzawba, its all sooooo close. How we are not cira 7-8p right now is crazy!
Prime minister response was.
[English below]
Prime Minister L. Oyuun-Erdene: The more transparent the mining sector is, the less suspicion there will be, and with less suspicion, business projects will move forward.
The development of the Law on Minerals and the Law on the Natural Resources Fund is in full swing. Let the private sector actively participate.
PS. If MB thought the LP was imminent surely he would have waited for it rather than just issue a "holding" RNS.
Nice one Dozzawba. Well done.
Would also like to thank Hamm, Master82, Jimi, iamrich and all others for info sharing with rest of us. Your contributions are very much appreciated by rest of us.
We all in this together. Action to start here soon.
Could see a very strong build up here as wider market comes in to start taking positions ahead of Velociraptor-1 and Heron oil production to finally start at a time when Oil price is expected to rise further towards $95 - $100 a barrel.
This is now a STRONG BUY folks in my view.
[English below]
A. Bilgoon, executive director of "Erdene Resources Development" LLC: Mongolia has become like 21 federal states. I only found out last year. Bayankhongor province has been approved by the ITH as a strategic deposit of the province. In addition to 21 provinces, there are also many parliaments in Sumy.
***
A. Bilguun, Executive Director of Erdene Resource Development LLC:
The fact that the local government and administrative bodies make arbitrary decisions beyond the law causes difficulties for mining companies to operate in the locality.
Another large company was in the meeting with the mpram minister and the prime minister and the director was talking about the issues regarding the same problem what PM has.
Communication problem between the local and central government.
I'll try and find the link
Great opportunity to add or get in before a sharp rise.
Amazing life changing chance.
Can't find any better share at the moment.
LP=20p+