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Header say ALL and this is where SP usually sit and BEFORE Newsflow for 2024 Operational Drilling Progress updates start.
One thing confirm for me yesterday is how much effort & brilliant strategy we have for Petro Matad to develop into Major Energy player in region with Oil & rapid growth / high margin / Easily funded Renewable arm.
Here is AGM audio link - listen yourself!
https://petromatadgroup.com/wp-content/uploads/2024/04/Petro-Matad-Limited-AGM-30.04.2024-09.00-BST.mp3
Mr Buck explain about Land access points, Funding secure & other logistic / development points.
Just some quick reference if helpful -
Renewable Funding - arnd 27 min & 48 min - Large Debt funding component more easily available (we see that in 90% debt funding for other BESS project) & maybe any remaining at SunSteppe Corporate level and not Petro Matad equity level.
- Mongolian Company (arnd 48 mins) - yes PM registered abroad but recognize as Mongolian Company with PSCs held in MONGOLIAN ENTITIES!
Also recent "positive interactions" with environmentalists - this is probably part of "addressing disinformation" for final Agreement signature we expect for Plan A & why they focus totally on Petro China only.
Dividends (2nd mention and 36 mins) - some people on BB laugh at this because PM do not produce yet (this is where OPPPRTUNITY is obviously) BUT Mr Buck understand this will be where Company go with production conditions of course.
Election (arnd 33 mins) - Petro Matad deal with Mongolian Agencies in 'A political' way and do not see issue with other political parties even though present Govt have big majority.
Petrovis - they help & involve on daily basis.
Funding - Cash secure into 2025 & also have unused Petrovis drawdown facility in place extra to this
This just CONFIRM my opinion of excellent investment prospect of Petro Matad & clever ones will see Price Growth opportunity BEFORE company transition to PRODUCER and massive growth / well funded sector of RENEWABLES.
Like some other intelligent investiors like Mr Thorngossin & others think this prove wisdom of ACCUMULATION STRATEGY and in face of whatever disinformation/ games some usual suspects play here.
I do my last (last) too up today & do not waste my time posting more because my holding timeframe is to see this thru to MAJOR growth coming.
No time for games many people have tried here & now glad to see have been exposed
Header say all and Mr Manx Kipper price projection in post 18:44 look accurate.
Good luck genuine holders - Petro Matad will be a Massive success story for investors going forward.
Wise Owl 🦉
Researchandhold said //BP is like a stain on humanity//
Has WOS been to English classes or is he just feeding us a pre-prepared (by someone else) text? PMSL
Thanks WOS. The AGM has certainly helped to clear up many outstanding questions whilst outlining the complicated and weak machine bureaucracy that exists within the Mongolian Govt. This is the year of the Heron and oil will flow. Prof and BP have every right to express their own views on how the market will play out. They certainly bring along a high degree of amusement from their special qualities and ability to thinking outside of the box. Well to both of them.
The dividend owl - right on Que- no shame 🤣🤣🤣
- Funding clear into 2025
- Petrovis drawdown on top of this
- Renewable high level debt borrowing available / project equity backup at SubSteppe corporate level
Hope that helps genuine investir & combat active 'dusinformation'.
🦉
Mr Aeschylus
My Life is TYPO sir 🙄 lol! Understand Apoltical sir and good to hear from Mr Buck.
Did just make last top up as part of Accumulation.
No posting. I am investor & do not need to like some. - just sit on investment.
Best wishes sir
🦉
Funding through 2025( not till to 2025)+ petrovis soft loan which hasn't been touched.
No more expenses for new blocks ( MATD has been very clear to MG that they are not singing the new blocks until land use is secured) till Heron land use is fixed.
Engaging with the activists is a very encouraging point.
Market reaction sounds ok and we get to 4p and above.
...but still no signature from you know who and no clear indication of exactly how/when this will be resolved.
Sorry to be a party-pooper, but this is the most important fact, as we won't be pumping oil without it.
Yes, the fact is we are still waiting for 'the last signature ' whether we get it this year or not? Who knows!
There is no indication of time frame to get LP. That is why MB is looking into further action.
Those who do not understand Renewables - Project pipeline looking at projects from Small to HUGE with easy accesses to major DEBT EQUITY (Borrowing) & Grants - all in potential GLOBAL BIGGEST Renewable area.
New Blocks - again "HUGE" and part of PROVEN PRODUCING basins
Block XX first of course and all setting up well with this if you understand details of developments - listen back at AGM presentation.
Reasons why I add (again) today. Make own choice!
🦉
WOS, we have invested for oil production not renewable!
If MATD wants focus on renewable then they can make a new company with renewable agenda.
At the moment MB should only focus on Heron production. Renewable shouldn't be a priority.
Not now.
Mr Hamm - just easier if you go back & listen to AGM presentation. Save everyone time including your own sir.
https://petromatadgroup.com/wp-content/uploads/2024/04/Petro-Matad-Limited-AGM-30.04.2024-09.00-BST.mp3
🦉
It's called SunSteppe Hamm.
Two for the price of one.
Profit is profit and money is money.
I'll take it wherever it's from, why wouldn't you?
Also I must admit that I've always been sceptical of Renewables and 'Alternative' energy sources but would have to admit they now appear to constitute the new 'normal'. Can you imagine say VW launching a new petrol/diesel only range of cares, or any new petrol/diesel cars?
It's the future and the future's getting here faster than I thought.
Years and even decades left for the cheapest oil producers but I'm happier with feet in both camps.
All EV car makers stepping back. All renewable are subsidized hugely! EV cars are charged by home electricity which comes from power stations which run by mostly fossil fuels.
Renewable energy is not as clean as they claim they are. Please check how rare earth mineral mining works. Not enough minerals to make the whole lot renewable.
Can you imagine streets full of ev charger cables? Do you think stations are capable to feed all chargers each at at least 7kw?
We don't have the right technology yet. If all cars become ev. I don't see any difference between RR and ford but the appearance.
Have you even read what renewables matd is involved in ? nothing to do with ev cars or the like.
Please read your own post first. You mentioned car and renewable etc.
Renewable covers the lot. It is a big scam. Look at the activists in Mongolia or no oil guys in the uk. They are all running big cars but they are against oil! Oil is not just fuel. It has many other products.
And is the world flat ? and covid all a conspiracy ? vaccines are bill gates, door to power ? etc etc ?
sheesh talk about loony tunes.
Yes, that is right mr know all. You just learn one name sunsteppe. Clever you are!
I'm not arguing about the benefits of electric cars or otherwise Hamm I'm just pointing out that the World at large appears to have made it's mind up that Renewables and electric is the way forward.
Ignore that fact if you want King Canute but don't expect to be proven right.
Its green hydrogen Hamm. Its the future
Hydrogen could be very good. I struggle to see how HGVs for example can run on battery power alone, with such vehicles often running 24/7 with different drivers. But hydrogen could definitely be an option and is something Ross Brawn of F1 fame has championed. However, in the here and now, where is that signature!?
It's all rather off topic but I'm a battery sceptic in the medium to longer term.
It's a short term 'fix' but clearly hydrogen if implemented at scale would have many advantages.
Of course battery technology moves on and there might be some left field suggestions waiting to surprise us?
Still many decades of oil use needed but bound to fall incrementally over this period.
Heron this year. SunSteppe next.
Fingers crossed.
Thor and the renewables enthusiasts. You have made your point extremely well and thank-you for that.
But before we start getting any renewables income the revenue from oil is going to be a better option as we should keep the pressure on getting all the permits and get the drills in.
Are we at the point where you feel renewables could provide an income this year? IF that is the case I would say lets go for something that could provide income generation first.
GLA
All we need is a revenue stream . Money is Money at the end of the day.
I think most would agree.
Here and now Roxy this is an oil company and Heron is clearly the No1 Priority followed by field development and then further exploration/blocks etc.
Short to Medium term Renewables might give the SP a lift but good income streams are likely years away.
Should grants/funding streams prove to be relatively easy to obtain however and they paint an expansive, grand vision I'm sure plenty would try to get in early to 'buy the dream'.
But what to I know.
Only upside here for the near term now though after the update and reassurance RE funding.