London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Why would the MG refuse to give PM the LP when at the same time they are putting 14 new blocks out for tender it wouldn't make sense and what message would that send out to other companies who are thinking of bidding and potentially spending millions on these new blocks. So for me it's on its way, hope I'm right
GLA
The 1-3 months is all but up already, isn’t it? What date in October was this said?
We were in the same position last year waiting for the land permit that never arrived . I hope this isn't a case of de ja vu We are hanging on the words of MB in the interview and some casual words that were exchanged between him and the Minister. With the minister stating he would get it moved along within the next 1 to 3 months from October . Nothing concrete by any stretch of the imagination and I for one don't expect an announcement within that 3 month period .
I think the market know what Mongolian time keeping is like.
Prime example was EL. And this mpram results ..
It's a be very slow moving country.
I thought we were told 3 months from October? That's what the market has priced in right now. So if January comes and goes with no LP, this will likely fall.
It needs a good reason to go down. Just like it needs good reason to go up.
What could take this down besides delays.
PM have till March April to get permits
And down.
Go side ways.
It can definitely not only go up!
Mms keeping this down to scare short term holders.
There's no reason for mpram not to award block to PM. PM has data for the block they are interested in.
No bad news is expected here.
This can only go up.
Thanks for that researchandhold. That’s good to know.
What else is good to know is that the “Country’s leading explorer”, is showing faith in itself and the potential oil discoveries waiting to be made in Mongolia, and Matd wants to be at the forefront of that or they would leave the other blocks for others to explore.
Little company, massive future…… If the Mongolian Government can get it’s act together, but the signs are there that things are taking a turn for the better.
GLA
D1inger - only 5 of the 14 have been released for this first round of bidding but we'll soon see which ones they're gone for in this first batch
I wonder how many of the 14 areas Matd applied for.
2022/23 Exploration Licencing Round
MRPAM has announced an Exploration Licencing round covering 14 blocks in the prospective fairways of the southern half of the country. These areas share the same stratigraphy and geological history as proven prolific oil basins of northern China. With its extensive data base, technical expertise and operational experience Petro Matad has a significant competitive advantage as the country's leading explorer and intends to participate in the licencing round with a view to signing some new production sharing contracts.
I can't see many companies bidding for the blocks .
I think PM is the only western company for oil exploration in Mongolia.
Looks like sticking to a schedule is a general problem in Mongolia.
News anyway. Mpram did say 10th January for results
Great find and post Jimi. Hopefully will stop people thinking no RNS this morning means we haven't been awarded any new licences. Basically bids have been received, but no decision as yet by MRPAM
Just thought I would state a fact ..The MATD share price has gone up 122% in the past 6 months ....Have a nice wait for the price to raise another 122% and hopefully more in time .....with a bit of luck!!!!
Hopefully tender results published soon
https://www.tender.gov.mn/en/mineral/results
Yep and SP going south on no news.
Morning All
That should give people confidence that the oil ministry is not like the local governor.
I remember in 2019 , she and the governor were on the same page.
Trust me I've been following PM on Facebook for years and I can finally see that it's going the right way.
I'm not just pumping it but I can post videos to give you guys an idea of what went on before and how it's looking now.
Thanks mast.
mast, ojay 100% agree with you guys. MATD is solid with200m BoO and as Ojay rightly said MM is manipulating the market to get as many shares as it can knowing demand is massive. LP RNS imminent.