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Very happy with the RNS today.
2 new blocks confirmed for Matd.
Last one remaining issue to sign off on for LP. Production expected to flow at the start of the next season.
Happy Christmas everybody. What more could you want?
At last an RnS and not wos rambling.
So as expected not done yet. Not this winter...
And almost done according to management. Will the market trust this?
I guess sp will be up today and wos can sell.
Mike Buck, CEO of Petro Matad, said:
"On the land issue, we feel that we are almost there, but we will keep pushing until the process is complete. In the absence of any recent precedents, every step has been something new for the Government which has caused delays. We will certainly be ready to operate at the end of the winter stand down when we expect the long running saga of land access to be fully resolved."
Key Company Updates
· The Company continues to push the Government to complete the regulatory formalities to guarantee land access and allow completion operations at Heron 1 to commence. Significant progress has been made with the Matad District authorities with one outstanding issue at the Provincial level still to complete.
· The slow bureaucratic process to complete the special purpose land certification has prevented any in-field well completion operations but the winter hiatus provides time to complete the formalities which will allow operations to commence as early as possible at the start of the operational season in 2024.
· The Company has completed the restoration of the Heron-1 drilling location in preparation for mobilization of well completion equipment.
· The 2022/23 Exploration Tender Round continues with Petro Matad being confirmed as the selected contractor on the two blocks for which it submitted applications.
· The renewable energy JV, SunSteppe Renewable Energy, continues to make progress on two projects and is pursuing three others.
Prof - “… a margin call …” lasting months and months …really !
Maybe you’d just prefer the drip drip down on low volume so you can accumulate as cheaply as poss.
Keep calm everyone. I feel sure the RNS is coming soon.
Header says all
WoS is a ramper.
WoS has got a margin call and needs to offload....
So hé writes a long post with nothing new. All old news.
Do what you want but do not trust the WoS. Is free advice
Header say ALL - what is 1 RNS that move us from Uncertainty to CERTAINTY - RNS for final signature by Provincial Authority.
We know REAL PROGRESS made, is COMPANY MAKER and could come any day.
For me MAJOR DERISK happen with Cabinet Approval - this tell me all CLEAR at HIGHEST LEVEL. This is MOST important thing and final signature MUST follow.
Until then small volume move this. Can see how even single big holder can sell a few 100k of his share to drop price. When CERTAINTY come with RNS (which must) then LARGER & LONGER TERM position will happen.
Price manipulation not so easy then and INVESTOR FUNDANENTAL start to take over.
Quick summary (please filter if you want):
- Asset with 7,000-10,000 bbl per day plan for development in 2024
- Rest 3 Billion field in Block XX extension
- JV with DQE for fast / low cost full field development
- New Blocks
- Renewable explosion in Mongolia with increase in Govt level / Bank financing
- JV positioning with foreign companies due to in country experience
- FULLY FUNDED until at least July 2024 (believe it not).
There is something else also but again will not discuss until after RNS
While some people play game on BB I build up holding. Have very good idea how will develop and as INVESTOR very confident in investment case & Management strategy/ Govt relationship.
Some people do not understand importance of direct Provincial Authority meeting tweet on Friday after direct MMHI / MRPAM talks - think this all Rubber stamp now.
Also FUEL CRISIS and today headline about how 'China will not increase export quota for rest of year' after Mongolia did get EMERGENCY import from them.
Little trader make adventure here with flip flop posting / better investment other place and all this BUT Investment case here VERY STRONG if person analyse clearly.
Your money make own decision - my share is collected & safe.
Be WISE 🦉
Okay,. Go and check Indian Market then come back to me.
All on uptrend. Records being broken. INDIA IS OVER TAKING UK economy.
I've applied for a Pan card and I'm going there next.
Lol badprophet you seem little weird dude, you on this board for time pass?
Reasearchandhold said //BO is like a stain on humanity//
//B/p: good to know that you have now "unfiltered" me.
Err - when have you NOT bad mouthed PM?
Looks like everything's hunky dory from your end - OMG.//
Ojay - as previously reported I unfiltered everyone when WOS said he would leave (he lied). But don't abuse the privilege.
I have NOT bad mouthed PM - nothing I have said has proved to be untrue. I hope that will change.
Reasearchandhold said // BP is like a stain on humanity//
Master: In that case you are giving investment advice - I'd be careful with that.
Advising folks to invest outside Mongolia isn't such bad advice IMV
Master: In that case you are giving investment advice - I'd be careful with that.
Wos . I was not the who started this nonsense. I was just telling people to invest in other countries for good returns.
Reasearchandhold said // BP is like a stain on humanity//
//I stand by my investment and hoping to get money back as soon as LP is here. After that I will not be here.//
A lot of people think that!
Stop acting like BIG BABY then! 😢
Have good evening all real investor 🦉
Ojay. Obviously I want sp to go up. We are all here to make money not to pay for wages for management
"Would be nice to hear some positive stuff on this BB for a change"
Ojay - WOS spouts positive stuff everyday, from 5am onwards!!!
But the positives? As SS says, we do seem to be progressing, albeit at snail pace. And you'd think the Mongols do need oil. And they do seem to want foreign investment so it wouldn't be good look to shaft a company that has played ball.
On this BB we are dealing with a bunch of cr*p (to say the least).
Would be nice to hear some positive stuff on this BB for a change. Not much - just a little bit.
Thanks to everyone.
Do not understand but thank you!
🦉
WoS again you are mistaken and everybody can see it very clearlym
You ramp for months the same crap about LP landing tomorrow or rhis week.
I talk about your margin call for the second day. I also heard the order is still not executed. Keep sweating owl and try to convince people LP will be here tomorrow or dont be out over the weekend as it will be next week! Yes and minister zack mir, x and december. Please all buy so wos can sell hé needs a brake ;)
Master: If I understand you correctly you have reasons to hope that the SP will rise (despite of your dislike of MB). So why don't you mention that aspect once in a while?
Mr Professional
I must be "desperate" every day for months with this margin call you speak of lol
Focus on INVESTMENT maybe give you better explanation.
Be Wise 🦉
You are not ramping.
WoS and co are.
You voice legitimate concern imho. If legal action is the best action or just wait another 6 months or more i do not know but simple fact is they have achieved very little and we are near ing another cash raise to fund renewables