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Yes today is election day, so I would imagine there will be a few weeks before any real government decisions will be made, once all the formalities are out of the way. As we all know the licence issue is taking a while but once granted then I'm sure things will move on swiftly. Even just the granting of the licence I suppose it won't be a completely wasted year even if we don't get to drill this year. It gives us about another 5 months or so until the Mongolian winter sets in but then I suppose enough time to set out any plans for next year's agenda as I'm sure by then we will know how this is going to play out and then PM can get on to finally becoming a fully fledged producer and explorer. GLA
Being an oil investor for over 40 years and in several different companies in my experience the oil finally extracted exceeds the initial CPR especially as techniques with time improve. Granted this game is always a risk and you have to balance many factors, source, location, reserves, costs etc but I believe Heron will prove a good commercial find for MATD and don't forget PetroChina are extracting oil just across the border. GLA
At current oil prices recoverable oil underground now worth in excess of $1.4 Billion and rising, whilst they will have to raise finance and possibly enter a partnership deal personally don't see this as a problem once exploitation licence granted and consider MATD a reasonable risk already 90% up over last 3 months and can see this breaking above 4p again if oil prices continue to rise but a LTH anyway either way. GLA
Can’t see the Saudi’s allowing it to rise that much to be honest, they are in a oil war with US shale after all! Do any here think the regulatory approvals will be passed quickly re required stimulation method/frack or could be a potential sticking point? With it being a new method in the country without doubt it will be a complicated at best, also as mentioned yesterday by another (informed)poster, the governments plans to sort the water supply issues may only add to the complications in my mind.....or maybe i’m missing something? Been keeping my eye on this for a while but at the moment i believe it is a bit risky as very little has been talked about these issues (and future finance),very easy to ignore and say it will be fine but sadly in the real world governments operate with a different mindset. Also easy to criticise people for mentioning the money side but as anyone who runs any type of business knows, the money side is the most important aspect so not to discuss it is foolish.... imho
(at least from my modest POV): 1. The current SP does not reflect PM's potential and I believe it will be at least twice as high by the end of the year. 2. We keep being reminded by certain posters on this BB that the PM investment is not risk free. I don't recall anybody on this board has ever claimed that to be so (just to point out that we are not dealing with idiots here!). 3. I have no clue what the chances for term investors are - simply because I'm a LTH. 4. Once PM has - finally - received its exploitation license it can start doing what it's best at: Producing Oil! 5. Oil production will be well received by potential investors and share holders. ATB
They've only come onto the MATD board as they do not like what Bonum has been posting on the COPL board - COPL is up 40% today hence why you have heard bugger all off them today. Story is the same here - nothing has changed - just patience is required for that Exploitation Licence.
I would urge all genuine share holders here to disregard everything Bonum sprouts.... if he’s not trolling then he’s ramping up shares..... dont be fooled by him as his motives are not inline with most genuine holders..... I’m not deramping this in anyway but things aren’t as simple as he makes out, if everything falls into place then yes your into a winner here, but that’s likely to be further down the line than your being led to believe.... all the best and good luck, I genuinely mean that.... over and out!
May help towards the water problem a little. Due to climate change, the water level of the Ulz River has been declining year by year. Therefore, the Onon Ulz ??project to increase the flow of the Ulz River has been initiated and a feasibility study has been developed. The Ulz River will be constructed in three phases, and for the first time, low-cost runoff will be selected. A dam will be built near Teeg Mountain in Turgen bagh of Bayandun soum to collect rain, flood and snow water and build a reservoir to flow into the Ulz River. This will allow the Ulz River to have a steady flow. 2.5 billion MNT has been allocated from the state budget for this work and the contractor has been selected. Now the Bayandun soum CRH is waiting for a decision to take the land for special needs. GLA
Very good question Jay.... I’m guessing a massive placing somewhere down the line, especially when the cost of the required fracking / well stimulation is known... that’s if the regulatory requirements pass in the first place, as we all know Mongolia’s biggest environmental issue is water pollution so it will be very interesting to see if the required approval is passed as fracking has a negative effect on the local water basins and environment in general! Mongolian people have suffered badly due to water pollution so I guess this will be a test of the government moral standing, ie do they let untested fracking techniques take place or block them completely.... interesting times indeed!
am interested to know from lth. What deal is expected re the chinese farm out. is this a spa where they take the lions share of any revenues. Ob they would have many millions upfront (as matd have no money for a drill) What is the projected income to matd.. If any commercial oil is there..