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Documentation itself already complete & circulated to relevant Ministries (see Block XX section in RNS).
Now preparing to submit to Cabibet fir final signing
Very soon now
Happy :)
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.
Above from RNS, if this isn't clear enough I don't know what is lol!
"Urgent & Project of National Importance"
GOM need to give the LP quickly because 1st new licence block round of 5 licence attract bid on 3 licence only.
Now 2 more new licence round with 9 more block going to be open for tender. This why Mining Minister mr J Gambaat visit Canada and expo for SE Asia oil
If they want foreign investor to bid for new block must show have LP for Petro Matad and why URGENT & NATIONAL IMPORTANCE
Coming few day and next RNS for LP imo
Today is like a jar of marmite, we get an operational update what we have being asking for and it's just been tit for tat, my dad's bigger than your dad, one thing that does strike me, pragmatic people get shot down, Why? not everyone agrees or has the same opinion, your either in or out, me I'm in and V1 is now only a stone's throw away. Enjoy the moment LP is on route but also be prepared for all eventualities. GLA
LP is done and dusted read RNS, mining minister to sign and it's gets approved that's it,
Be carefull of the people rubbishing this board by posting nonsense, they seem to be posting non stop today lol
All we need is a piece of paper approved by the GOM cabinet. I have found one example of such a letter publicly available on the internet, google translated below:
DECISION OF THE GOVERNMENT OF MONGOLIA
Number 28
REGARDING ACQUISITION OF LAND FOR SPECIAL NEEDS OF THE STATE
In order to implement the government's 2016-2020 action program, based on Article 16.1.13 and Article 18.1.2 of the Land Law, the Government of Mongolia DETERMINES:
1. For the purpose of building an oil refinery, 150 hectares of land located in the territory of Altanshiree sum of Dornogovi province should be taken for the special needs of the state for the implementation of a large-scale national development project, and the change of the turning points of the land border and the size of the area should be approved as attached.
2. Head of the Department of Land Management, Geodesy and Cartography, Ts. Gankh, shall be instructed to conclude a land use agreement and issue a certificate in accordance with the relevant regulations at the Department of Special Needs of the State specified in Article 1 of this resolution.
Prime Minister of Mongolia U. Khurelsukh
Minister of Construction and Urban Development H. BADELHAN
Government No. 28 of 2018
annex to the resolution
Doc83 you sold out lol now trying your best to put a negative spin on this, so you can buy in, hopefully this climbs and you are forced to get lost or buy in high, we see your type here all the time once night in the tune will change to ramp mode,
You seriously are related to llyod Christmas for sure, can you not read the RNS, then add the meetings the CEO and ambassador has had with the mining minister, this is a done deal, people like you still like over evidence disgusting behaviour
Think first 2 NO problem as move through Q2 with all news
LP will smash everything with DQE news we expect after and very fast full field development, near field development & also new block development from production revenue.
Breakout have just start and only one not holding MÀTD share are one who sweat now ;)
HAPPY :)
Read again and maybe your incontinence issue is not from laughing but crying sir for not holding MÀTD shares ;)
LP Documentation already circulated among relevant Ministeries for URGENT signing as PROJECT OF NATIONAL IMPORTANCE.
Maybe you not aware that special designation like this mean LP pretty much 100% and will be rapid signing.
You get back to PMSL Mr Bad Proohet because I hope you do not hold MATD share for big breakout about to happen
Be happy but dry :)
PMSL… can only stand for
Petro Matad Special Licence?
Whoa… stop the crazy ramping BP, it’s not landed, not yet
:-D
//The rest is pure bureaucratic hurdles that will probably be cleared without any problems.//
PMSL !!!!
First of all, I have been invested in PM for many years and have experienced some highs and many lows. However, in my eyes, this PR is finally the breakthrough I was hoping for.
1) PM has set a fixed date for the drilling of Velociraptor 1 in an official PR. There is nothing more to speculate about it!
2) The official go-ahead from the responsible ministry for Block XX has finally been given and is on its way. The rest is pure bureaucratic hurdles that will probably be cleared without any problems.
So everything is fine and I am more relaxed than ever about the future of PR!
Fair enough doc.
Anyone here invest in ADV? …. 90% chance of success (hitting oil)… and failed. There’s always risk in any investment. I sold ADV before target depth.
But I do like the chances of the LP here.
GLA
Yes agree DOC always important to remember there is risk
“Is the risk vs reward here good? …. Yes”
Agree with that. Just that some would have you believe there is little or no risk!
Sheesh the debate here.
Is the LP gaurenteed? …. No
Is the LP likely given ….. Yes (more likely than drilling for and finding oil!!)
Why? …
1) all the work competed to date as uncovered by master 82
2) the government want the oil pumped and sold
3) the government have to show they can work with outside companies to attract investment
Is the risk vs reward here good? …. Yes
Not much more to know. Invest on this or sell on this.
The retained Exploitation Area includes the entire extension into Block XX of the proven and producing Toson Uul Basin. This basin contains an estimated 2 billion barrels of in place oil in the PetroChina operated areas in Block XXI and XIX immediately to the north of Block XX. Under the Exploitation Licence, the Company can continue to explore in order to increase the proven reserves within the area and has identified on existing seismic data, prospects and leads within the Exploitation Area with recoverable resource potential in the range of 100MMbo to 200MMbo in addition to the potential seen in the Heron structure. yummy yummy. And if V1 is a hit definitely happy days :+)) GLA
If you read RNS under Block XX section it say
"Documentation ALREADY PREPARED by the Ministry of Mining and Heavy Industry and CIRCULATED to other relevant ministries in advance of submission to Cabinet"
Paperwork all complete and now final Signature any day now :)
If you read RNS under Block XX section it say
"Documentation ALREADY PREPARED by the Ministry of Mining and Heavy Industry and CIRCULATED to other relevant ministries in advance of submission to Cabinet"
Paperwork all complete and now final Signature any day now :)
iamrich - and why do you think we need to hear your inane "this is going to smash 6p this week, 15 p next" blah blah blah crap?!
*2 more green boxes from my friend WOS the POS. Lemme guess... some kind of derogatory comment and then "be happy"? LOL.
Resistance 5p, 9p then 33p.
Think build up to Velocirapror / LP first 2 going to be smashed through. Then DQE partnership RNS, New Licence RNS all can see where go
Happy to be holder of MÀTD at this transformation time :)
Lots of trader now CRYING but will cry more with breakout happening.
Do not understand they say Velocirapror in June so think will BUY in May but lot of investor BUY early & why breakout will happen early. Very simple logic
LP clever one see now go trough SPECIAL DESIGNATION and Central Govt 100% behind this. Paperwork get sent to Cabibet & sign so could be in few day.
Why you think new licence on offer & Mining Minister go on tour to attract foreign investor?
Trader like mr BP & sneaky Doc say this morning "flat fart" but will be them farting with fear now because MÀTD price breaking out.
Fart now or pooo later. Your choice because SP just start BREAKOUT and will be much much higher over few days
Happy to hold my MÀTD share & have pant up :)
Doc83 yes you keep your feet on the ground and make everyone here be sensible, why are you so worried about the rest of us? Lol!
It's important to read the RNS very carefully. Overall, it's positive but there could still be a way to go yet.
As it stands, nothing has even been submitted.
"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... we are pushing for the matter to be brought to cabinet urgently..."
"We continue to push the Mongolian Government FOR the certification of Block XX... and are pleased that the Ministry of Mining and Heavy Industry is PROPOSING the certification on the grounds of this being a project of national importance."
To reiterate for those that are a bit dense - I am LONG MATD and want this to do well. I'm still keeping my feet on the ground. Words like guaranteed and 100% are irresponsible.
Aspers - I wouldn't be surprised to see this creep up a bit more in the coming days with the RNS and positive expectations stoked once more. But if the LP doesn't arrive within the next few weeks, it would surely drift lower again.
It would have been nice if the RNS had given us a bit more of a clue about how long decisions that are "in the national interest" take to get through central government. Is it days, weeks, months?