London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
MAtD will have no problem financing Heron 1 and beyond. In fact they will have options. Remember ,CS was sure a few weeks ago that Mongolian Government was going to shaft us..utter clap trap... Next up will be ,work unable to continue in Mongolia because the Heron site does not have enough toilet paper, as a result of excessive demand in Europe during the pandemic.lol
We have an up to date CPR and so don't know what CS has in mind when writes "...and as things stand they don't have an up to date CPR to borrow against! - CS please expand upon this.
I can only go by what the directors report in RNS's (or in some cases lacking therein, if key issues are not being addressed or updated). Thus far, I think MATD has been communicating well enough....
MATD has reduced costs like most companies (given the recent orchestrated world event but that's a different story and one that I am exploiting, in no harmful way I hasten to add, as most people act out of 'fear' as opposed to out of 'awareness').
MATD has 33m barrels recoverable oil in Heron structure which is not insignificant and want to develop it (yes, the financing has yet to be arranged but I am glad to be getting in at the lower range of the company's SP evolution - around 3.5p as opposed to being at the higher end around 10-12p and so consider the risk/reward to be a good one).
Once they (officially) get the Exploitation licence and agree a financing route, the SP will respond accordingly - yes, it could take many more months but that's the way it is.
Competent Persons' Report (CPR) and reservoir stimulation studies As part of the Reserves Reporting preparations, the Company commissioned Leap Energy to prepare a CPR for the northern part of Block XX where the Company's discoveries are located. The CPR concluded that the Heron structure has mean, unrisked in-place oil resource potential of 194 million barrels. This is 20% higher than the Company's initial internal assessment and offers the potential for substantial commercial value given the low-cost, onshore operating environment and the favourable Mongolian fiscal regime.
Fenix Consulting Delft, a specialist in reservoir stimulation, has modelled the Heron 1 well test data to assess the production and recovery potential of the Tsagaantsav oil sands found in the well. They concluded that modern stimulation techniques and reservoir pressure support through produced water re-injection can improve oil recovery significantly from the levels achieved to date in neighbouring blocks. Further enhancement by slanted or horizontal drilling to increase reservoir contact and radial drilling to enhance wellbore drainage are additional technologies under consideration to increase well productivity. These techniques have not been widely used in Mongolia to date.
I really try absorb all opinions for and against but it's hard when everyone is always trying to one up each other, I fully understand the huge potential here, but I can't fully understand what negative there could be? Like is there a real chance the license wouldn't be granted? Could they loose exploration license freeze and subsequently loose what they found? Could they run out of cash before they even get started? I can't forsee any of this happening but maybe my optimism is clouding my judgement? Please I encourage you to share opinions on both sides without starting a d*ck measuring contest lol.
As I touched on, me personally I have to be on the positive side, for me they was given that freeze because the government fully intend on getting that license sorted as quick as possible, perhaps yes it may now be slowed by elections but It's got to be coming soon surely.
All the best everyone hope you are keeping safe, cheers.
RE: Bonum 'advice' take with a pinch of salt18 Jun '20
Starchild: As far as his posts go, Bonum is not giving any advice. However, it appears to me that he is contributing substantially to this board - which does not apply to you. Should you have a grudge or any other problem with Bonum than please be more concrete.
Another day closer to exploitation licence being granted. Excitement starting to lift again so had myself another purchase today. Grand scheme of things little fluctuations in the share price won't matter once licence is given. Onwards and upwards. GLA
more like we are running out of cash it seems. Have enough (sorry you were right there) to scrape through to 2021 q1. And prey the Chinese save this company. Now I feel after the many sellers have cleared. it is worth a punt below 3p... Have et a bo for 2.8p so we will see
Are there mall reserves proven. They have failed on many drills so gone back to a smaller one. from what i glean
"The Group's current cash position is $2.3 million, which in conjunction with previously announced cost saving measures will be sufficient, in absence of new fundraising, for the Company to operate until the end of Q1 2021. Implementation of additional cost saving measures would extend this to the end of Q2 2021. Importantly, the Company has retained sufficient key staff to remain in an operational ready state."
Looks like we have enough Cash to see us through to the Rxoitstion license and the massive corresponding push on the price.