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Thinking a push through 5p before 10am. Still think people missed the RNS yesterday
She’s started off well today.
At least from.now on we can keep an eye on heron via satellite images.
If PM team decides not to keep us up to date . We can use satellite images. Some are quite good they update with new inages every few days.
They defo need to work on the Pr get Twitter up and running properly and do a few interviews.
First wave of traders already out before close yesterday and if we get away from "I have FEELING...." type of posts & move toward INVESTMENT analysis basis.
SunSteppe JV website, Mr Mike Buck & others right from beginning mention ENERGY EXPORT TO CHINA (also read first official specific commercial mention of this in yesterday RNS).
MONGOLIA HAS BIGGEST POTENTIAL OF RENEWABLE ON PLANET!
"The Asian Development Bank estimates Renewables rich Mongolia has the potential to generate 5,457 TerraWatts-hours of clean electricity via Wind and Solar"
"If Mongolia exports EVEN A TENTH of its Renewable potential, the implications for Chinese energy will be Immense.
MONGOLIAN GENERATED ENERGY COULD EVEN REPLACE RUSSIAN ENERGY EXPORTS TO CHINA" - (source: Lowy Institute).
*Probably why new Russ-China supply pipeline develooment is blocked from China side.
I expect RAPID development of current talks following Exclusive Cooperation Agreement already in place with China & major capex investment with suitable RNSs.
*ADB (Asia Development Bank) already approved over 90% funding for other BESS project & Japanese grant for big part of rest . This is seperate from China energy export but show massive investment support / growth prospect of sector.
All separate from Revenue generation from Oil Assets Petro Matad will develop with FAST TRACK / LOW COST base & 2 new "huge" blocks which are part of KNOWN & PRODUCING basins.
Better to focus on INVESTMENT then 'feelings' of some posters here who maybe do not even understand Investment case
Buy, hold or sell - but Petro Matad position to develop into Major Regional Energy Player / Huge Multiple Upside with fast track development - price appreciation.
🦉
Agreed, they definitely need to invest in a PR team now or at least have 1 person committed to their social media presence etc.
It's not even up on Twitter about yesterday yet.
2 investment strategies for me:
1: slight pull back then all in with 2 remaining ISA allowances that were heading Rockhopper's way.
2: steady climb then all in with 2 remaining ISA allowances that were going Rockhopper's way.
Exported not explored.
PM needs to start making money and stop the wildcat exploration.
Green energy is lot more safer investments and the biggest benefit is it can be explored using the current grid system.
China a huge consumer .
PM also needs to connect with it's investors so we do not have to do research ourselves..
Time to organise the PR team . Keep your investors interested and informed.
All positive news flow from now.
No more obstacles.
I have been here for seven years with my share average running at 4p and 550,000 shares. Looking back to 2011 the shares hit a value of £1.98 with a mkt cap value of £46.57m and approximately 277m shares in issue. Today we have 898.76m shares in issue, we have oil, we have significant growth opportunities within the green energy sector and we also have new blocks available in future years that on the other side of the border the Chinese are extracting oil - similar situation to Heron plus the oil refinery. So whilst shares have diluted the market and growth opportunities have also increased substantially.
Header say ALL!
- Main uncertainty of Land Permission now gone (even higher level SC after Election)
- Second uncertainty cash position - confirm funded into 2025 with Petrovis loan option & Heron 1 equipment / work over etc paid for already.
Uncertainty is what made this big trader stock & now major uncertainty (for Market) REMOVED!
*I did watch share where same type traders - was 140p down to 80p then when uncertainty reduced in major way last time I look over 1400p (within 18 months).
Anyone who do intelligent Investment analysis of Petro Matad understand price direction now (not just in few market days) - UPTREND!
2024 BLOCK XX OPERATIONS GOING AHEAD WITH ALL MULTIPLE RNSs WE EXPECT FROM THIS.
Anyone who thinks investment here is same place it was before yesterday RNS (which was intrafay so lot missed it) is little bit foooolish I think!
🦉
*******s 50p, i’ve been here 6 years, it’ll struggle to get out the teens maybe above 10p
I need a new car
Yes Jarv v good but no numbers.Gacexwe got anything from this yet financially yet could be very useful when discussing with DQE.
3,100 posts since last look here 51 days ago , approx 60 per day .
News today sent this up 43% to 4.1p
22nd May the low 2.81p , my 3.65p top up looks better has been resistance before and just after that buy at 4.25p .
Might break that today.
Petro Matad Ltd - petroleum exploration, development and production in Mongolia - Gets remaining approvals from Matad District to allow the 2024 operational programme to commence. "Land use certificates have been issued for the three areas of operation selected by the company," Petro Matad says. It adds: "With the local land use approval in place, Petro Matad is in discussion with service provider DQE to agree the timing of mobilisation of the completion crew to Heron 1. If possible, it is hoped to have the crew at site before Mongolia's parliamentary elections on 28th June, although campaigning tends to have a disruptive influence on logistics in the country. If not possible before, mobilisation shortly after the election will be targeted."
Renewable Energy Projects
SunSteppe Renewable Energy (SRE)'s project to provide green hydrogen to Mongolia's major Oyu Tolgoi copper and gold mine is progressing. Wood Group is undertaking the detailed technical and commercial evaluation which is scheduled to be completed in Q3 2024 and multilateral and commercial banks are showing interest in this project. Meanwhile, on the Choir 50MW Battery Energy Storage System project, environmental studies have begun as part of the preparations to submit the application for the licence to construct.
A third project involving renewable electricity export from Mongolia to China is under discussion following the signing of an exclusive cooperation agreement with a major, state-owned Chinese utility. The agreement envisages a 1.5GW project.
SRE continues to pursue a number of other initiatives.
Mike Buck, CEO of Petro Matad, said:
"We are delighted to have finally secured land access on Block XX and are looking forward to getting back on to the Heron 1 site and completing the well for production. The special purpose certification process remains a frustration but at least now we can work in parallel.
SRE is making good progress on its two high-graded projects and the power export initiative offers exciting potential. It is very pleasing to see that numerous new opportunities are being generated by the team."
Further operational updates will be provided in due course.
Anyone know who the state owned Chinese Utility is?
Truth be told me to Wigster!
But I think somewhere between 5p and 50p will be fair value!
You heard it here first.
Thornogson, the new Warren Buffet!
50p seems overly optimistic to me Thornogson, but it'll be a pleasure reading your "told you so" messages should it happen. Fingers crossed eh!!
On a similar note, not managed to post since first thing, so taking this opportunity to say credit where its due to Master82 for the spot on prediction and thanks to all those who research, dig out info and engage in the healthy debates and discussions. Let's hope our patience is handsomely rewarded.
ATB & GLA
Malcy has been following MATD story for years…he knows full well the massive upside from here….6 months from now a ten bagger will be had…. Just need to convince somebody to lend me 500k !! :-0
We will be there within 3-4 months my guess
Year end. Heron one flowing well. 2 to 3 more wells drilld and more planned for 2025.
50p?
Yes, absolutely then see what the other blocks and SunSteppe renewables add.
Interstesting that MB not put any numbers for Sunstreepe yet.DQE deal and number of Wells plus daily production estimated and then when we start production this share will really move a marker cap ofc44m is not touching the sides imo.