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Come on Petro, place next of your 3, 4 .... identical comments. Just two are not enough to convince everyone here in your rosy assumptions and unlimited positive. We already have such Mr. Positive here and he does an excellent job with his duties. So, have a rest buddy, otherwise you can undermine your health from overstrain, if you are not his clone helping him in his hard job ofcourse.
I have to hand it to you Petrodollar, you are a smooth ramper. A more polished version of Mr Positive.
However there is simply no substance to your posts, other than, “don’t worry everything will be ok”.
At least some things (tax collection) in Mongolia are working if only via Court of Arbitration in London !!
http://bloombergtv.mn/%D0%B7%D0%B3-%D0%BE%D1%8E%D1%83-%D1%82%D0%BE%D0%BB%D0%B3%D0%BE%D0%B9-%D1%85%D1%85%D0%BA-%D1%82%D0%B0%D1%82%D0%B2%D0%B0%D1%80%D1%8B%D0%BD-%D0%B0%D0%BA%D1%82%D1%8B%D0%B3-%D1%85%D1%8D%D1%80%D1%8D%D0%B3%D0%B6%D2%AF%D2%AF%D0%BB%D0%B6-419-2-%D1%82%D1%8D%D1%80%D0%B1%D1%83%D0%BC-%D1%82%D3%A9%D0%B3%D1%80%D3%A9%D0%B3%D0%B8%D0%B9%D0%B3-%D1%82%D3%A9%D1%80%D0%B8%D0%B9%D0%BD-%D1%81%D0%B0%D0%BD%D0%B3%D0%B8%D0%B9%D0%BD-%D0%B4%D0%B0%D0%BD%D1%81%D0%B0%D0%BD%D0%B4-%D1%88%D0%B8%D0%BB%D0%B6%D2%AF%D2%AF%D0%BB%D1%81%D1%8D%D0%BD/?cid=9
Otherwise another day/week of MATD dross ensues ?....
GL - Oilf.
'Official communications point for it be issued shortly' equals how long is a piece of string. Its meaningless
some nice big early 100k buys this morning
PI's taking their position, this will fly soon
Not much hope any EL this year.
Mongolian have been arguing with RIO over 2 years but no agreement yet!
I guess Spanish asked a question but apparently nobody knows or wants to talk about it.
Elephant in the room!
May be MonMan meant Q1/Q2 for EL.
Cannot be that far away now in my view.
Yes Oil looks to be heading back to $100. Perfect timing for MATD finally start generating revenues as it transitions from Explorer to Producer from Block XX perspective. More Heron wells to come online would mean even higher cashflow.
Going after the Block 5, large and juicy prospects becomes a lot easier then down the road. Even makes it easier to attract Big Oil majors to come on board when oil price is on solid upward trend. MATD might even negotiate better 'Farm In' deal terms and could get 50% free carry on Block 5 while they focus on increased production from Block XX (Heron 1,2,3,4, etc.).
3p has been solid support and good base to launch the re-rate from ahead of EL that should come through soon imo.
Plumo your a star thank you so much :-)) MonMan the link reposted again by plumo I have been referring to so if you could translate what is spoken it would be fantastic and also will stop me getting anymore headaches and can finally draw a line under it. Eagerly await your reply. GLA
Sorry about this, original post was back in January 26th posted by plumo the video was released on the 21st January by MRPAM on the Bloomberg channel I believe, any help would be mostly appreciated. GLA
hopefully this is the video http://bloombergtv.mn/?-??????????-petro-matad-??????????-??????-?????????-????-????????-???-?????/
the link is not working
Hi Dozzawba.
I agree I could, but the recent RNS acknowledged Matad read this board so I am going to make the assumption they have seen my comments below.
Over to Matad to give us LTH’s some answers.
Surely this is not unreasonable ??
As previously mentioned Spainish I would send an email to PM Admin and IR and follow up with emails to Shore Capital and FTI Consultants - put pressure on and hopefully will push them for an answer
Spainish, do not hope that persistent insect can answer to your serious questions. It can just buzz. Even sending them directly to management you are unlikely to get any intelligible answer. But only a formal and meaningless reply.
Atb
It's a video posted a while ago by plumo but can't get link to work sorry, never mind.GLA
Or this perhaps?
httpp://bloombergtv.mn/%D1%86-%D1%8D%D1%80%D0%B4%D1%8D%D0%BD%D1%8D%D0%B1%D0%B0%D1%8F%D1%80-petro-matad-%D0%B0%D1%88%D0%B8%D0%B3%D0%BB%D0%B0%D0%BB%D1%82%D1%8B%D0%BD-%D1%82%D1%83%D1%81%D0%B3%D0%B0%D0%B9-%D0%B7%D3%A9%D0%B2%D1%88%D3%A9%D3%A9%D1%80%D3%A9%D0%BB-%D0%B0%D0%B2%D0%B0%D1%85-%D1%88%D0%B0%D1%82%D0%B0%D0%BD%D0%B4%D0%B0%D0%B0-%D1%8F%D0%B2%D0%B6-%D0%B1%D0%B0%D0%B9%D0%BD%D0%B0/
Can you translate this for us,.
httpp://bloombergtv.mn/?-??????????-petro-matad-??????????-??????-?????????-????-????????-???-?????/
As we have no full phase development plan yet approved is it safe to assume Matad are developing a phased development plan ?? If so are they going to appraise and development at the same time.
If there is no appraisal data available this brings into question water permits, obvious land permits plus another 20 boxes to tick. What boxes have Matad ticked to date, and what are outstanding.
That ties back in with the required test production over generally 180 days. This data has to be integrated into the development, to firm up the reservoir characteristics, which I have not seen any firm data on in the Matad RNS’s.
My concern is before MRPAM and the Ministry of Mining get close to issuing the EL, Matad have a shed load of work to do which will require funding when Matad run out of money shortly !!
Can Persistent as Matads chosen spokespersons for the board describe how all of the above will delivered and by when please as I am worried .
I really wish your text was credible but first post on here - and what you are stating is if most of your post is brand new news - as for 2nd or 3rd qtr ??? - to show some credibilty let's seem your proof ?
What a plank !!!
The Ministry of Mining was not fully operational due to the covid and elections. As Mongolia begins to vaccinate its citizens, government operations are beginning to return to normal. The process of determining PetroMatad's license reserves and then issuing mining licenses is nearing completion. On the other hand, due to the fact that exploration and mining is mainly done in the summer, Ministry of Mining are working to issue PetroMatad license by the 2nd or 3rd quarter of 2021.
Monman
Let me understand you clearly are you saying the granting of this license will happen in the 2nd 3rd quarter of this year 2021 because that is a long wait from now or are you refering back to what should have happened in 2020 see your point 2. Point 1 refers to 2020 but point 2 is slightly ambiguous.
I am writing from Mongolia. I would like to share with you my assumptions about the MADT stock price. I think this stock will rise to 70p or more this spring for 4 reasons:
1. The construction of an oil refinery by the Government of Mongolia will begin this spring. The Indian contractor, JMC Projects India, has arrived in Mongolia in 2020 and construction will begin this April. As we all know, this refinery has the capacity to process 1.5 million tons of oil per year and will get the required crude oil from Dornod aimag. Petro Matad oil field is located in this province.
2. Petro Matad has applied for a mining license and expects to get it in the 2nd or 3rd quarters of this year. Obtaining a mining license will allow the company to earn real income.
3. The amount of crude oil extracted in Mongolia does not meet the needs of the Refinery. Therefore, the government fully supports the oil industry. In addition, the Ministry of Mining has announced 550 km crude oil pipeline construction tender recently.
4. The most important card of the current ruling party's election in 2024 is the construction and commissioning of an oil refinery. This means that the government has full support and no barriers to extracting and selling oil.
For the reasons stated above, the MATD stock price is expected to rise sharply and reach at least 70p.