Petro Matad Share Chat (MATD)

Kebab e barg is THE BEST. Nothing comes close. Followed by Ghormeh sabzi. Gaz with tea. Iran is amazing. God bless em against this evil

Probably shouldn't mention Halim & Buck's finger stuck up Avo33 in the same post tbh :(

"Buck get your f/ing finger out" - You shouldn't have asked him to stick it up there in the first place Avo33!

TBT - I had some authentic Persian Halim this week - Now that was amazing!!

CW, if you ever go to Iran, in the morning the place smells of it. Horrendous stuff. People love it though. Not my bag 🐑🤷🏻‍♂️

Tenbag I looked that up itlooks delicious

Discussion

Well another week gone disguising farm out THey must talk very very slowly what a load of B/OLLOCKS .Buck get your f/ing finger out

@Azzbaaa , I love it , the Trolls are out in force at the end of the day as opposed to those who post here all day everyday and those who post at weekends , even when apparently on holiday?…..lol

As for TeaBagTen this is what AI says about MATDs income

Petro Matad's half-year results for 2026 are scheduled to be released in September 2026. In the meantime, the company recently published its 2025 annual earnings in late June 2026, which reported a net loss of -1.91 million for the preceding period.

So I guess TT is technically correct as we have no idea what income we have made or if we have sold our oil at this time

Our TROLL friends seem to love spamming the board at day end, similar ploy to yesterday and the day before

I just got a call from the FCA!!!!

They told me to politely ask TBT to stop spamming them as they actually have proper work to be getting on with.

Fine with me you have reported me many times and nothing happens.

The company is producing oil just not selling it currently.

No. Stop lying. That’s not what was said.

Anyway: I’ve just reported you to the FCA too. If LSE won’t delete them I’ll keep reporting. Fine by me you bunch of cheats

Re: RNS Update on the ACWA Power - China Export Infrastructure Assessment completion & go ahead (due Mid 2026), have emailed the company re: the matter and hopefully nthey'll provide an RNS, as opposed to bunching neverything into a general update

RNS on ACWA Power Report & Infrastructure start up expected - Mid 2026! (for people who don't like reading the details ;) )

The Cumulative Effects Asssessment was meant to have completed around mid 2026 ie Now.

We had the DP statement a couple of days ago, unequivocally stating - "by 2028-2030, we will become an energy-independent nation and begin our EXPORTS"

That would be the China Export initiative, specifically involving SUNSTEPPE - SPIC and would require the Infrastructure build by ACWA Power, for which the aforementioned assessment should be completed by now, hence I assume the confident statement from the DP, who'll no doubt be appraised of said developments. Note: That's an initial 1.5GW project, with another 1.5GW contingent - and up to 10GW.

Also note Zula's comments re: The China State Utility company actively chasing SunSteppe on this and vety keen for the deal - Nothing at all factored into the MATD Mkt Cap forvRenewables, which will be huge, imo.

Major Mid-2026 Update due on ACWA Power China Export initiative

I'll try to connect a few of the dots to the above Header (with checkable links) etc - Linking intom why I expect Petro Matad to develop into a $1Billion (plus) Mkt Cap company going forward - and no doubt why Management still happy takingn their 30% Wages for future stock no doubt!

"Saudi developer ACWA Power is planning a $10 billion investment in Mongolia by 2030 to build up to 10 GW of renewable energy infrastructure. The initiative aims to export clean electricity and green hydrogen to China, South Korea, and Japan, with an additional $5 billion proposed for green hydrogen and derivative production."

https://smartplus.mn/en/mongolia-to-invest-in-10-gw-of-renewable-energy-sources-by-2030/ (SunSteppe CEO Zula, in far left of picture, with ACWA Chairman)

Key Project Components Under Assessment

- 10 GW Generation Framework: Mapping optimal wind and solar sites across the Mongolian Gobi desert.

- Cross-Border Transmission: Evaluating high-voltage direct current (HVDC) grid routes to export power directly to China, South Korea, and Japan.

- Hydrogen Co-Location: Analyzing water and resource availability for a potential companion $5 billion green hydrogen and derivative production facility.

Thanks, Dan. Appreciate the response.

@Doc83 I will try to answer, although don't take it as accurate, it is only a personal interpretation with no experience in this topic.

Very strictly speaking, this whole process is unlikely going to touch PM/Sunsteppe directly. There were instances where Franklin Templeton worked with private enterprises (I have posted a Copilot Researcher article in Telegram, will try to paste the long text here across multiple posts if anyone is interested), but it does not seem to be the case in Mongolia - although it is just at the beginning of the process and the true scope of their work is not known. The official scope is something like State Owned Enterprises reform + a National Investment Fund + domestic/international listings.

There could be indirect benefit though. From articles online - Mongolia and Franklin Templeton will explore consolidating portions of SOE shares into an investment fund and offering those units to professional investors via domestic and international stock exchanges. The workstream includes SOE valuation/ranking, governance reforms, investor-demand analysis, National Investment Fund structuring, and a roadmap to launch a first securities portfolio by end-2027. The Mongolian Stock Exchange separately states the cooperation is expected to strengthen Mongolia’s capital market, connect it with international markets, attract foreign institutional investors, and create opportunities for Mongolian securities to access international capital markets.

So for us, it is more about the buildup of Mongolia from the inside, with institutional investors attention drawn to Mongolia's industry, as the country-related risk is decreased more and more, as stuff formalises, legal environment gets better, governance improves...

Dan /Mullins, research appreciated, ZULA moves in high circles, no doubt something will come of this, another small piece of the jigsaw.

Thanks, Mullins.

Can you tell us more about how that helps MATD?

Franklin Templeton's preliminary assets under management (AUM) stand at $1.79 trillion as of June 30, 2026.

It's not "unthinkable" - someone thought of it!

Https://www.msn.com/en-gb/money/technology/china-is-building-a-wind-turbine-of-unthinkable-dimensions/vi-AA21owKQ?ocid=msedgdhp&pc=U531&cvid=6a509b6cd1c1460f9286a6d4c96286c2&ei=40

Can’t decide if Senatoranytime is now arguing for or against RNS on signing of 2026 oil sales. I posted this previously and he disagreed .

An oil company must declare Mongolian oil sales via a Regulatory News Service (RNS) only if the sales are material to its financial position or qualify as price-sensitive "inside information". Sales do not need to be declared on an individual, cargo-by-cargo basis, but regular or landmark milestones must be disclosed

So , MATD isn’t selling oil on a cargo by cargo basis , MB said so in the May presentation, therefore it must meet a milestone or landmark

However , my bet is last week in July / First week in August , why , MBs timeline for progress / lack off progress on 3D etc

45000 barrels of oil does not amount to that much storage.

45,000 × 0.158987294928 = 7,154 cubic metres. Equals space equivalent to 19m x 19m x 19m.

How big is PC's storage facility in Mongolia? Could they have already shipped some/most of Heron oil production to China?

Gadgie, in the great scheme of things the circa 45,000 barrels of MATAD oil is not a lot, it's a drop in the ocean to China, it means a lot to MATAD but not even enough to feed a medium sized Chinese refinery for a half day.

Heyho, we will come out the other end and when we do investors will be rewarded, patience required.

Abzzba … funny PC have 40,000 in storage from Mongolia … not long before this all kicks off IMHO

Russia unable to supply China will struggle … oh hang on they have our Oil waiting to be refined hmmmm

Gadgie, great news for Mongolia but pretty sure they would rather be supplying the fuel from their own refinery.

Trump is hamstrung. China will no doubt have had a word in his shell like...They aren't going to sit by and watch a major oil source be wrecked. In fact I'm surprised theh haven't provided military escorts for their deliveries. Now there's a thought...

Https://energy-gov-mn.translate.goog/post/176997?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp

The Mongolian Minister of Energy, B. Naidalaa, met with Kim Sun-hwan, South Korea's Minister of Climate, Energy and Environment, to discuss expanding cooperation in the energy sector and supporting Mongolia's energy transition. Key points:

1. Strong focus on renewable energy and energy transition

Both sides emphasized the growing importance of cooperation as Mongolia modernizes its energy sector and pursues an energy transition.

Mongolia aims not only to meet rising domestic energy demand but also to become a regional energy player.

2. Opportunity for large-scale renewable energy projects

Mongolia's abundant solar, wind, and other natural resources were highlighted as a major advantage.

Discussions included the potential for:

Renewable energy exports

Hydrogen production

Development of data centers powered by clean energy

3. Data centers as a strategic opportunity

Minister Kim noted that while data centers can be built relatively quickly (2–3 years), securing sufficient electricity supply can take much longer (5–10 years).

He suggested Mongolia could become an international success story if future data centers are powered primarily by solar and wind energy.

Korean companies have expertise in renewable energy storage and distribution, creating opportunities for partnership.

4. Knowledge transfer and capacity building

Mongolia expressed interest in learning from South Korea's experience in:

Heat supply systems

Smart energy grids

Research institutions

Human resource development

South Korea pledged support and cooperation in these areas.

5. Existing cooperation is already underway

Mongolian energy specialists have studied in South Korea through government scholarships.

KOICA is preparing a training program (2026–2028) focused on strengthening Mongolia's local heating system capabilities.

6. Cooperation with POSCO International

Mongolia's Ministry of Energy and POSCO International have signed an MoU covering:

Introduction of advanced technologies

Improved energy efficiency

Reduced greenhouse gas emissions

Renewable energy research

Feasibility studies on innovative heat-recovery applications at thermal power plants

7. New Energy Transition MoU being prepared

The two ministries are working on a broader cooperation agreement covering:

Renewable energy development

Battery Energy Storage Systems (BESS)

Modernization of transmission and distribution networks

Smart grid technologies

Microgrids

Clean heating and heat pumps

Policy and technical knowledge exchange

Human-capacity development

Trump: US President Donald Trump announced the end of the preliminary ceasefire agreement with Iran, increasing the risk of renewed conflict between the two countries.

"For me, I think this is all over. Now it's just a matter of time," ""I don't want to negotiate with them. They're scum. They're led by crazy lunatics—savage, barbaric people who, if they had nuclear weapons, wouldn't hesitate to use them," Trump said angrily."

https://x.com/BloombergTVM/status/2074783476528894333/photo/1

I think that pretty much highlights what his real, unfiltered views are on the situation & dealing with the Regime. However, from a pragmatic perspective, the Strategic Oil Reserves, whilst recording a slight uptick last week of a few million bbls, are still woefully depleted and would require replenishment as a matter of urgency.

I suspect that'll determine the 'real' playing out of bevents in the nearer term, with all sides well aware of the long game outcomes being manoievered towards, imho.

Israel have bombed Lebanon, Syria, Iran, Palestine, Yemen just this year.

You are just lying.

You either aren’t informed or deeply dishonest.

Again, it boils down to the fact you don’t see Muslims as people but sub human. If you saw them as human you’d never support genocidal murder.

As a Jewish person, many of us don’t. But we are silence by these people trying to ruin our great great religion. A religion thats beautiful. Loving. Peaceful and caring. It’s an outrage.

Anyone supporting it is on the wrong side of history.

Hashem was very clear: thou shall not kill. Thou shall not steal.

You heartless scoundrels need to have a spiritual awakening because you are doomed.

Israel do want to be left alone but are paranoid with what’s happened in the past. And they’re right to be - just look what happened in October 2023.

The Middle East will never see peace. I’m confident of that.

Https://www.facebook.com/photo/?fbid=1498125132362566&set=a.633712162137205

Enough said

Hopefully the US will"bag" a few more tonight.

$78

Gadgi, thanks

Abzzba .... have sent you document translated

Why don’t you go on front line if you are so tough Abz? Thought not. You’ve never experienced war. I have. It’s no fun. Hence why many vets are anti war.

PS. Iran already won. They control Hormuz. They control the Red Sea.

Abzzba - One caveat. The Strategic Supply Reserves are nowhere near replenished yet. I always assumed Trump would back at it and given the very fundamental points of disagreement. However, after the immediacy of the aforementioned was mitigated somewhat.

Either he will go for the major move on Kharg / Infrastructure or hold off again, looking to build those reseves back up. Of course, the Iranian Regime know all this.

Interesting developments but just emphasises the uncertainty re: the Global oil supply landscape and something the biggest oil consumers will look towards addressing for themselves, via alternative supply routes.

Dan, the document you posted a link to was compiled by Bolorchimeg Munkhbayar, she can be found on Linkedin, the document date is 17/12/2025 (open the doc and inspect properties).

I have e mailed her (bolorchimeg@petromatadgroup.com) asking if there is an English translation or link to an English version.

Meantime it looks like Donald will make me proud, lets hope so, if he does not want to do it he can give Israel the go ahead, quite sure they would be more than willing.

Brent back at $79.54, i cannot believe people were dim enough to think it would not rise again.

Last word, promise!

badprophet, go listen to Norman Finkelstein on Israel

Badprophet, apologies for using the word dense but please go and listen to the two people I mentioned (there are loads of others but they are a good start).

And what would you do if people came from across the world to colonise your country, displacing hundreds of thousands (1947/48) and then building an apartheid state ultimately engaging in genocidal actions?

Go research the origins of Hamas ...

And to add, many commentators believe Japan surrendered because of the the threat of the red army overrunning the country and destroying their culture.

"Ps. I agree bombing hardly ever wins wars (maybe Hiroshima? but that was won already, just shortened). Why then sustained rocket attacks on Israel from Gaza/Lebanon/Iran?"

Are you just dense?

Brent back to $78. Maybe it will go back over $100 as some have predicted. Strange how things actually often turn out the exact opposite to what Trump says they will. Let's not forget, Trump declared the Iranians finished militarily after the first week of the conflict. You'd have to laugh if people weren't dying every day. Most intelligent commentators now say that the only way out for the US is to cut a deal involving paying big chunks of cash to the Iranian regime, lifting sanctions etc. God, I just wish I could understand that game of 5D chess his supporters say he's playing cos at the moment his 'winning' looks very much like losing.

Ps. I agree bombing hardly ever wins wars (maybe Hiroshima? but that was won already, just shortened). Why then sustained rocket attacks on Israel from Gaza/Lebanon/Iran?

The Cabinet of Ministers decided to announce renewable energy auctions in new locations at its regular meeting today. Minister of Energy B. Naidalaa provided information about the decision, which was made to ensure sustainable economic growth, improve the reliability and safety of electricity supply, increase renewable energy sources, and intensify green development policies.

Specifically, with the support of the Asian Development Bank, a solar power plant and battery storage project with a total capacity of up to 70 MW will be implemented in Bugat, Bayan-Ulgii aimag, Ulaangom, Uvs aimag, and Ulziit soums of Bayankhongor aimag in the Western region; solar power plant and battery storage projects with a total capacity of up to 40 MW will be implemented in Baruun-Urt, Sukhbaatar aimag, and Bayantumen soums of Dornod aimag in the Eastern region; and a 100 MW wind power plant project in Saintsagaan soum, Dundgovi aimag with the support of the World Bank Group's International Finance Corporation will be organized with private sector investment.

It was also decided to organize an auction of solar and wind power sources with battery storage in Tsogttsetsiy and Khanbogd soums of Umnugovi aimag and Mandakh soums of Dornogovi aimag in order to utilize the renewable energy resources of the Gobi region, reduce the shortage of energy resources in the South Gobi, and meet the growing demand for mining and the region. In addition, the minister of the sector mentioned that the auction will be organized in batches in 22 soums with a lack of power in the first round. He also noted that Mongolia's electricity consumption is growing by an average of 8-10 percent per year, and the peak load in the coming winter is estimated to reach 1956 MW.

As a reminder, within the framework of the Government Resolution No. 160 of 2026, an auction was successfully organized to select an “Independent Power Producer” to implement projects with a total of 220 MW of solar power plants and 135 MW/440 MWh battery storage systems in five locations of the central regional integrated grid with private sector investment. As a result, contractors were selected for projects to be implemented in Govisumber, Bulgan, Dundgovi, Uvurkhangai, and Khentii aimags, and the proposed price was 4.85-7.8 US cents/kWh, with an average price of 5.98 US cents/kWh. This became an important experience in implementing renewable energy projects on a transparent and competitive basis, determining the actual price of electricity sales through market competition, and demonstrating the possibility of attracting private sector investment in the energy sector. Based on this experience, future renewable energy projects will be organized and implemented on an auction basis.

Minister B. Naidalaa answered questions from journalists regarding winter preparations, repairs to the "DPP-3", and the Egiin River hydroelectric power plant project.

https://energy-gov-mn.translate.goog/post/176966?_x_tr_sl=auto&_x_

Tomorrow. We should be informed on if or when the 3D seismic will start. Considering the proposal was a matter of urgency as the crew were available to start late June or early July, as per the RNS of 28th May.

And more people die and for what? :-(

HEADER - Writing was on the wall and I've consistently maintained, the MOU was primarily about easing Strategic Reserve levels, which were at critical levels - It worked for both the US (and rest of world) AND Iran, who have been majorly increasing output to benefit from the temp. sanctions relief.

- Three Oil Tankers hit

- US respond with over 80 strikes, hitting 60 IRGC targets

- Tehran hits back at Bahrain and Kuwait, targeting "85 US Military Installations"

https://www.bbc.com/news/articles/cwykq59jwpvo

https://www.aljazeera.com/news/liveblog/2026/7/8/iran-war-live-us-bombs-sirik-qeshm-bandar-abbas-over-hormuz-attacks

I'd expect some form of cessation, to further ease up the Strategic Reserve situation for the Us and accumulate further funds for Iran - However, too many fundamental sticking points for me to expect any lasting resolution - Next time / down the line we may see Kharg hit, which would effectively do what the USc set out to do - but with a (more) major cost impacting global fuel prices.

Those who constantly deride 'where the $150bbl oil prices are', may want to note the consistent associated comments with such statements, especially the trajectory going forward, beyond hedaline driven initiatives to control said price.

You sound dumb

You sound excited!

US BOMBING IRAN NOW

MOU in tatters

$76.5

The gloves are off.

Expecting, seems to be a sales pitch here, but in the current market is a no no.

The subtle stock bashing here is extremely sinister. False deadlines. Outrage by non holders. Defamatory statements against management. Attempts to spread hopelessness.

Sad little worms

@senatoranytime, thanks for dumbing things down down for us mortals. I guess your AI generated research included the word imminent.

A lot of guff about the weather from your post in April , but your conclusion about the expected operational work on wells and Farm Out seems to be a bit off

. I guess it depends on how you ask the question of AI . Poor input , poor output

RE: GOBI Well Testing Initiation APRIL & Operational Update RNS7 Apr 2026 07:55

Back to IMMINENT developments.

Here's an overview of local weather conditions and linked to the start of Operational activities at Heron. I used AI to collect the info:

MATD: Weather Update & Gobi Test Readiness 🌦️

Conditions in Dornod, Mongolia as of Tuesday, April 7, 2026, are now transitioning into the critical "Thaw Window" required for the new operational season.

Current Weather Data (Dornod):

Temperature: 12°C (Feels like 9°C). - Today’s High/Low: 13°C / -3°C. - Conditions: Mostly sunny; Wind at 16 mph (West).

Trend: Improving daily; highs of 12°C to 13°C forecast for the coming week, though overnight lows remain slightly below freezing.

Operational Context:

Gobi Bear-1 Timing: Per the October 9, 2025 update, Petro Matad specifically deferred the Gobi test to "next April at the start of the 2026 operating window." (also note the wider discussion over the weekend relating to the April timeline mentioned in the Oct RNS & the schematics in the Dec update).Current daytime highs above 10°C are ideal for the mobilization of service rigs and fluid testing.

Historical Precedent: The drilling season in the Tamsag Basin traditionally ramps up in April/May as the ground thaws, concluding before the winter shutdown in November.

Conclusion: The Winter wait is over. Temperatures are hitting the "sweet spot" for mobilization. Expect an OperationalUpdate RNS any day now & with current operational activities related to GOBI, Heron 2 & Gazelle, already covered & the Farm Out deal 'closing in' to conclusion.

Proquo may indeed be right, with the RNS landing this week - Our difference of opinion is that I have a somewhat more extended Timeframe, INCLUDING but not LIMITED to THIS WEEK and up to EARLY AUGUST!

Really unfortunate to have to 'Dumb Down' things to such an extent for you. & not the first time Furry.

*Caps to aid in understanding!

Have a good evening all

"I guess you no longer think news is IMMINENT as you’re now critical of Proquo and his self imposed timeline of THIS WEEK ."

Furry, as I said - LEARN TO READ!!

Expecting a RNS this week or early next week. So much latent value here, but it needs to start being realised at some point. 5p has to be the minimum target here in the relatively short-term but Buck needs to start delivering meaningful newsflow. And lots of it, this year

@senatoranytime , your quite right , but you post so much that it’s hard to keep up . I guess you no longer think news is IMMINENT as you’re now critical of Proquo and his self imposed timeline of THIS WEEK .

Then again things have been getting looked at as a matter of URGENCY since May , throw in your daily ramblings about the Geopolitical situation and you can see why it’s hard to keep up .

So far though , no news on 3D , therefore nothing booked in for H2 radial drilling , maybe August depending on 3D product ?

Gobi?

Agreement reached between PC and MATD on 2026 oil sales , just needs signed.

Farm out at very , very advanced stage ,

income from renewables expected 2027

Simple really , no need for endless posting . ATB ,feel free to comment if you think I missed anything ….lol

Furry - might help if you learned to READ!

Atb

This long term share holder quite happy !!

@badprophet , I seems senatoranytime has moved on from IMMINENT news to news THIS WEEK….. lol

Poor Proquo , got all excited and fell into the trap of believing news was IMMINENT and is now not happy after several months

Then again , Proquo was content to post daily updates on oil prices when it was rising , but not so keen now

Imagine how the long term share holders feel .

Let's hope so, Gadgie. Like listening to paint dry atm.

Very quiet and hopefully for a very good reason …so much going on in background re farm in and no doubt new draft regulations will speed deal up let’s see .. Anything could happen any day now and boom we’re off !!!

"I'm still waiting for the day I can say to my wife "see I told you it would work out" lol. But it is hard sitting on your hands and waiting."

I find sitting on my Wife helps! ;)

Absolutely agree Dozza, I'm still waiting for the day I can say to my wife "see I told you it would work out" lol. But it is hard sitting on your hands and waiting.

I think you are totally correct on this CW, I definitely am. Do personally believe our long wait for rerate is about to happen, as said that is IMO. Payment from PC is the catalyst in my eyes, all the best genuine holders who have kept the faith even though it has been extremely frigging hard. GLA

'TANKER SET ABLAZE AFTER BEING STRUCK By PROJECTILE In The STRAIT OF HORMUZ'

"A tanker traveling off the coast of Oman in the Strait of Hormuz caught on fire early Tuesday morning after being struck by a projectile, the British military

said."

https://www.npr.org/2026/07/07/g-s1-132265/tanker-attack-strait-of-hormuz

'US OIL RESERVES HIT A 40 YEAR LOW'

"The US Department of Energy reported that US crude oil inventories in the Strategic Petroleum Reserve fell by 6.2 million barrels to 319.5 million barrels, the lowest level since April 1983. This decrease comes as part of an agreement made by the US to withdraw 172 million barrels from the strategic reserve."

https://www.aljazeera.com/news/liveblog/2026/7/6/iran-war-live-tehran-set-for-khameneis-procession-israel-bombs-lebanon

As i've mentioned previously, the US-IRAN MOU was primarily a response to help address the desperate state of Strategic Reserves. We now have UAE pumping out record oil output, along with Iran's unsanctioned oil etc, to create a temporary glut - I doubt the current situation will be a contuned state of affairs, but works to both the Us & Iran's advantage at the moment.

Iran doubling down on its right to Hormuz Strait's sovereignty, Gulf Nations 'supposedly' responsible for the $300Bn Reconstruction Fund for Iran, but don't really know anything about it......etc, etc

Round 3 of the US-IRAN conflict is writing on the wall imo and regardless of any personal perspective or moral position attached.

@azzbaaa, thanks for taking the time to reply , I see you went straight to talking about H2 instead of answering my question about H1 and the fact that it’s on the up dip and crosses into PC border

You stated that PCs well are played out , yet H1 is slowly declining and is part of that field .

You were so wrong about the acid wash success on H2 ,its oil flows , share price etc . I would like to see MATD be a success but your endless AI research is boring , endless and often wrong .

// Mrs abz will be leaving later this morning in the van//

You going scrap picking?

Furry, i seldom waste my time replying to half wits but in your case i will make an exception (this time only), your question asked asked at 13.22 on Sunday 5th "do you consider 1500m far enough away from any boundary?",

Answer: Yes i consider 1500m distance from the Petro China boundary to be ample spacing for H1, this is backed up by 30th July 2025 presentation where MB states:

"Heron 2, obviously that well drilled 800 meters to the south east of Heron 1 which is a spacing far enough away for the well to produce without interfering with Heron 1. If you drill too closely, the wells compete and you basically lose production between the wells, that spacing is what Petro China do and all their experience, so it's the spacing that you use for this type of reservoir.".

I do hope that sets your mind at rest, if your still struggle maybe ask a grown up for some help.

PS, No point bombarding me with posts as i and Mrs abz will be leaving later this morning in the van, be home again at the weekend.

@senatoranytime , the area is huge with lots of potential, can you remind me of how many oil wells we have in production ?

As compared to how many wells we have drilled .

@azzbaaa , you state, essentially we can drill nearer the boundry line and closer to PC producing wells but we really dont want to be too close as their wells/ reservoirs are pretty much played out.

So, answer the question , do you consider H1 to be part of the same formation as PC have stated and therefore “played out” as you describe it .

Or is it one of our best assets, you know, the one you kept saying do a hot wash on to increase production especially when oil prices were on the rise ?

Fill that pipe!!

2 FARM OUTS in 2026 leading to fast track asset developments?

Opportunity is obvious and with virtually nothing priced in and Renewables also positioned to monetise in 2026!

Always said Sinopec are the frontrunners for Block VII - Petro Matad are already engaged with potential Farm Out partners there & with the block adjacent to the already producing asset on the China side.

Potentially massive resource and an easy entry for the already active Farmee.

IMHO Sinopec will be very interested in block V11

1. Exploration Footprint & Recent BreakthroughsRecent Discoveries: In 2025, Sinopec achieved a massive geological breakthrough at Well G18 in the hinterland of the basin. The well struck high-yield oil flows exceeding 400 cubic metres of oil equivalent daily from deep, metamorphic buried-hill reservoirs.Proven Reserves: Sinopec has formally proven 22.19 million tons of geological oil reserves across localized depressions within its Inner Mongolia acreage, including the Baiyin Chagan and Chagan Basins.Acreage Expansion: In early 2026, Sinopec aggressively expanded its footprint by securing nine new exploration blocks in China. Five of these are located in Inner Mongolia, targeting specific sags in the Yin'e Basin like Alxa Right Banner South and Manghanchaoke.

Sinopec’s successful exploration directly de-risks Petro Matad's newly acquired Borzon Block VII [Assets Overview]. Because Block VII sits immediately on the Mongolian side of the border, it serves as the direct northern extension of the exact same productive geological structures Sinopec is drilling [Mongolia - Petro Matad Limited]. Petro Matad is actively using Sinopec's basin data to market its farm-out potential to international investors [PETRO MATAD LIMITED - Investor Presentation, Envoi Petro Matad Mongolia farmout].

Those quick signings of the PPA's (Power Purchase Agreements) look very promising and that process effectively opens up the avenue for external financing top enter the process.

That's especially relevant for our first Renewable Project monetization, which up until now, has effectively zero factored into our Mkt Cap but which might eventually dwarf the Hydrocarbon arm, when you view the huge Markets being targeted, beyond Domestic consumption - ie CHINA, S.KOREA & JAPAN.

Q."re the 200 MW project - at what stage can the project be considered to be at the RTB stage so that it can be monetised ?"

A. "We were aiming for 2026, maybe the 200 megawatt project might slip to 2027, to be ready to build, but that might be because a number of other projects have come in ahead of it, and we're involved in at least one of those, and we may be involved in more."

May have news on that as early as this Quarter, subject to the caveats in the above answer given. That'll be a huge price catalyst, as it'll confirm the Renewable arm and invite closer inspection of the huge potential involved.

Thank's Dan !

@gadgie This is of course so highly speculative that it has no value, but Zula has an entity, which was transferred to her cousin Дарамбазар Ананд / Dharambazar Anand (local news says it is her cousin), where the the entity is conveniently called "Gobi electric power". Currently this entity sits outside of the MATD/Sunsteppe JV structure. Go get it girl and bring it under the JV umbrella :D

https://www.opendatalab.mn/search/6154689

@gadgie that's a big one, and I missed it, thanks! I have no more info

Https://energy-gov-mn.translate.goog/post/176859?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp

1.7 billion KWH ...Massive project ...anything on this Dan ?