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I'm pretty sure "investors" in this context means "stakeholders" i.e all those have a vested interest
Re posting. Watch from 6.50.
Just shows how big PC facilities are only 10 -15km away from block 20
https://fb.watch/jp5SyNNtmo/
Very positive Mr Master and thank you for update.
Look like case against Petro China also close now so good support for all company & foreign investor from Govt.
Good sign & will also be support message for all foreign company and not just Petro Matad & Petro China so happy :)
Meeting took place with prime minister and mpram ministers team yesterday.
Very good news for PM as they support investors.
"Secondly, when a dispute arises in any way, they are more focused on the issue of whether our legal institutions can resolve the dispute fairly and make a decision that meets the interests of investors."
Reposting for people who missed it yesterday.
D. Amarbayasgalan, the head of the State Government, informed about the issues planned by the government in the near future.
He said, "We have two or three major demands for the investors.
First, is the Government of Mongolia honest in its agreements with any investors on behalf of Mongolia or not?
Secondly, when a dispute arises in any way, they are more focused on the issue of whether our legal institutions can resolve the dispute fairly and make a decision that meets the interests of investors.
Thirdly, as our country has two big neighbors and is a landlocked country, investors are very interested in whether geopolitical relations with the two neighbors will be stable.
Due to this, it is very difficult to change the previous agreement. However, in the case of Petrochayna-Dachin Tamsag, the working group at the Ministry of Internal Affairs and Communications made a preliminary conclusion that "certain types of tax payment clauses that should be included in the contract have been left out."
Today, for example, I received a letter from the Chinese Embassy in my name. "For the above reasons, the working group of the Ministry of Internal Affairs and Communications has decided to close the account of Petro Chayna-Dachin Tamsag."
I just read MRPAM page on new tender announcement for licence. First ones
Blocks IX (Nomgon), X (Tukhum north), XIII (Tsagaan Els), XIV (Zunbayan) and XXIV (Dariganga).
This is first 5 of 14 new block for this year and MÀTD help Mongol Govt organise this.
Understand what MATD do with DQE deal & money from Heron. They develop new licence from PRODUCTION REVENUE.
Also understand MATD not just explorer but has oil in Heron and why this can happen so people who say just gamble or horse race maybe they not so clever or just sneaky ;)
Also say on same site "AND SOME BLOCK SIZES ARE BIGGER THAN THE ENTIRE AREA OF QATAR"
With extension of block XX already have 2 BILLION barrel basin & MATD already have EL for this maybe you understand why holder of stock so excited by investment.
Hold or not but be truthful & happy :)
Thank you mr Master for update & VERY significant MRPAM Minister attend local meeting. All know MATD have full backing if MRPAM and also know Central Govt can overide Local Govt with new law.
Mr Mike Buck say many time full support of MRPAM and check RNS / Interview yourself.
Also good mention direct about how interest if foreign investor have to be respected & seperate from meeting all effort by Mining Minister last few week to travel & get foreign investor :)
On other side we see same post from Greedy Zellman & Sneaky Doc and expose how little research they do & how they change opinion / go quiet when greedy trade on lol
This is life from greedy people in world but rest try to see good information post by helpful people here & make own decision.
Look very good & happy to hold MATD share before price breakout coming :)
Ok Thanks Thornogson...
Focus for me RNSs can expect now
RNS update on big Velocirapror drill spud date. This is Canadian company so with all permit & equipment in place mr Mike Buck say expect RNS now.
Then all excitement of drill and does not matter if wildcat or not will attract lot of interest we know.
RNS on new licence with max 60 day tender close in Feb and we expect quick decision so RNS any day now.
LP important but everyone very confident will be soon. Think mr Bowley right would be good if company RNS next meeting but do not think will happen. CEO & Ambassador will just have private meeting but already in talks ALL confident LP given very soon.
Mr Master also right local meeting NEXT WEEK will give permission and clever one already taking position for this in background like mr Researchandhold say. I know because on dip could not even BUY 10K share for long times but get all top up share in 3 seperate BUYS. Why when price dip so think !)
Say before CONSOLIDATION before next rise is healthy thing I read so happy to see price do this & so strong buy in dip of price
4p to BUY & 58p Renav with many RNSs coming in next few day & weeks :)
Here is full report mr Iamrich
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Happy to have ALL my share now & no stress to BUY when RNSs release :)
BUY BUY BUY THIS GUARANTEED WINNER.
Sorry Zellman.
You can only judge a poster by what they post though.
Get a life Thornogson..
I ask the question and apologised when I was incorrect ....
That's what decent people do mate....
If you check the satellite images. PC has hundreds of wells in block 19and 21.
I'm sure they are not going to close the account. But i think it means bring the subject in parliament to an end
Isn't there also a question of the environment here with PC. I am sure PC would have been required to do an EIA study and if they are ignoring that side of the issue as well as not paying taxes. I would say it was a double whammy.
Australia’s TMK Energy has signed a binding memorandum of understanding with PetroChina Daqing Tamsag, a unit of Chinese state-run PetroChina, to work together on the development of the Gurvantes XXXV CBM project in Mongolia, it said on August 11.
The companies have agreed to work on a non-exclusive basis to “enhance and accelerate” the exploration, evaluation and development of the Gurvantes project.
TMK holds a 100% interest in the Gurvantes project. Fellow Australian energy company Talon Energy is earning a 33% working interest in the project under an existing A$4.65mn two-stage farm-out agreement executed in February 2021.
The MoU also envisages a process by which PetroChina Daqing may proceed towards an investment in the project, either through a direct investment in TMK or direct investment into the project, TMK said.
PetroChina Daqing has been operating in Mongolia since 2005. It owns and operates the Toson-Uul XIX and the Tamsag XXI petroleum blocks in the Dornod province.
Zeallman. If you you want your comments to be taken seriously you'll need to get the (very) basic facts right.
Thanks Master. Excellent stuff.
The Mongolian Government appear determined to make Mongolia an attractive investment opportunity for foreign investors.
Starting with Petro Matd.
Thanks for that info ..My mistake ..
When I looked at the sites of MATD and PC and the oil exploration blocks the boarder must have been on operational boundary's and not country borders.
Zellman, PC operates in block 19 and 21 in Mongolia. Next to block 20 which is petro matads block.
All facilities are in Mongolia not in China. They just export oil to China via tankers.
The last comment when translated says...
...................
???????? ?????
They've been carrying oil for almost 30 years day and night, now they're almost out of stock..
..................................
That is a strange thing to say?
Could I please ask how the Mongolian Government can have a say in Petro China operations because I thought that the P.C site was inside the China boarder?
If I am wrong please speak up and correct me ....
Also MATD will need to use all the infrastructure on the P.C site so don't we need relations to be between the two countries?
Has anyone got an idea what was said and why?
Also any translation of what was said would be helpful...Thanks.
This should give people on here confidence that talks are now finally taking place.
They are talking about disputes and to favour investors.
What can be better news than that.
LP coming soon
Great stuff Master, thanks for that very informative post as always.
I agree that it must surely bode well for Matad.
Especially if we acquire of a few of PC's areas and big bench said!
Realistically though, just an RNS confirming the LP being granted would do us all nicely at the moment.
Keep them fingers crossed .....
Great stuff master….. imagine RNS saying LP sorted and we taking over few of PC areas…now that would be good!
Watch it from 6.50 onwards
Link to news channel. Its in MONGOLIAN but investors here can see the video of the PC facilities.
Worth watching to give you an idea of how big Petro china's operation is.
Its getting discussed with all the big shots in the parliament
https://fb.watch/jonNLqoCld/
This is todays news and not an old article