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A thought!! If Mongolia has limited water resources (para 3) maybe we could re-open Veloceraptor and flog them the water in the well!!!
07-Dec-23 13:07:57 3.3725 652 Buy* 3.20 3.40 £21.99
I think Professional has just bought back in.
Maybe explain more why mr Mike Buck is GENIUS how he position Petro Matad, why I look at LONGER TERM investment, BUILD UP my holding - and look at MASSIVE CHINA CAPEX INVESTMENT in this sector in Mongolia.
Research on this and all recent Mongolia - China top level meetings tell a lot
🦉
Mongolia Seeks $11 Billion Green Finance to Reshape Its Economy
bloomberg.com 2023 12 07
Mongolia is looking for $11 billion in green finance to decarbonize its economy, which is currently heavily dependent on fossil energy, mining and livestock farming, the country’s minister of environment and tourism said on Wednesday.
“There is a rough estimation that we would need $11 billion as a start” to transition into a greener and more sustainable economy, while also promoting more environmental businesses with advanced technology, Bat-Erdene Bat-Ulzii said in an interview during the COP28 summit in Dubai. “We are trying to contribute to the global efforts of improving the environment as well, so for us international, bilateral, multilateral cooperations are very important.”
Mongolia is facing challenges stemming from land degradation, limited water resources and overgrazing. Meanwhile, energy and mining sectors account for a lion share of its economy, of which coal exporting to China has been rising due to steady demand.
The country has committed to increase its renewable electricity capacity — including hydropower, solar and wind — to 30% by 2030 as a share of total electricity generation capacity. It has already managed to increase the portion to 27%, if construction-stage projects are counted, Bat-Ulzii said. The nation of about 3.5 million people is also in the middle of transforming its animal farming sector. It currently has 71 million livestock animals, which is beyond its theoretical pasture capacity of 25 million.
Bat-Ulzii said Mongolia is a victim of global climate change as well and called for a strengthened environmental compensation mechanism with more options. Even if Mongolia is eligible for assistance through the yet-to-be operational loss and damage fund, he doesn’t think the fund is going to support the country much from his experience, Bat-Ulzii said. He’s concerned the criteria to have projects supported through the loss and damage fund could be too high and the delivery time for finance could be too slow.
The Mongolia minister said the COP28 summit should not be about showing bread to a starving person or water to the thirsty, when being asked about his own observation about the conference. Whether Mongolia will agree to text that calls for the phase down or phase out of fossil fuels at the summit is highly related with seeing more financial solutions and ways to secure the delivery, he said.
Back to discussion of INVESTMENT and HEADER - post 11:46 explain about Emergency Meeting today and give intel on header
🦉
Researchandhold said //BP is like a stain on humanity//
I wonder if Hamm is still having difficulty filling his "buy" orders?
If I help you in this LIKE and SUBSCRIBE 😏
I think you need to understand BASIC ECONOMICS sir like have also explain to you.
- Mongolia need to IMPORT oil (and in crisis more expensive China emergency shipment). This take out of FOREIGN CURRENCY RESERVE because of dollar price. Domestic production protect foreign reserve.
- Also Govt will earn REVENUE from PSC
- Also with fuel crisis people will want to know what Govt do to protect supply in FUTURE
Hope this help and why BB logic lot if poster use is not best way to understand INVESTMENT 😏🦉
Researchandhold said //BP is like a stain on humanity//
No - but they DO need the refinery to produce their own fuel for domestic consumption, until then they are still reliant on whatever Russia & to a lesser extent China choose to provide. (As I've explained to you before!)
So owl
No production package needed. They just pull oil out of well with buckets
Okay that sounds wise
Owl
I made some beer tokens for the weekend
Open eyes
Not everything is a long term hold
Be wise
Petro Matad do not need refinery for START OF OPERATIONS / PRODUCTION / REVENUE EARNING.
Will not explain - has been explain to you plenty of times.
Be WISE 🦉
//Researchandhold said //BP is like a stain on humanity////
Yes - I do think it's "not important" as regards PM's prospects between now and the refinery being up & running!
Do you think FUEL SHORTAGE in Dornod now with emergency meeting with fuel distributor including PETROVIS (Petro Matad biggest shareholder) not important?
Lol
🦉
Maybe focus on header subject Mr BP!
Be Wise 🦉
Researchandhold said //BP is like a stain on humanity//
WOS "Last post"
If only that were true! LOL
Last post ➡️ HEADER!
ALL COMING TOGETHER LIKE NOSE ON FACE! 🦉
People maybe should ask why I am so confident - INTEL / RESEARCH!
Focus on INVESTMENT and all become CLEAR 🦉
Mr Joe
Do not be fooolish with AIM GAMBLES. Look under Financial Condition Section of ORCA RNS.
They give 81% of licence away and need permissions from at least 6 different parties which take end March 2024
They have £115,000 in cash and in ADVANCED FUNDING TALKS for equity raise!!
Thisvus why I look for PROPER INVESTMENT like MATD - not all rubbish on Him like you recommend.
Be Wise sir, careful & good luck 🦉
Petrovis has perfect opportunity to put these idiots in their place.
How can economy perform without fuel. They are only shooting themselves in the foot.
I HOPE PM team is pressuring locals for Temporary LP at least. And not wait till spring
Looks like MG is in trouble...
"Have a glance at ORCA rns just dropped and it's all gravy baby 👌"
1yr performance:
ORCA: -10%
MATD: +42%
Mr LOCAL GOVERNOR - Header say ALL sir lol!
We talk about FOCUS on INVESTMENT - not sillly comment some people come make here then go.
Mining Meeting 2 week ago organize by MMHI with Petro Matad also there - Domestic production must be discuss and with Petro Matad position in this (why is Heron Project of National Importance).
Provincial govt open to bypass beauracracy with MRPAM letter (RNS 28th Sept).
Fuel Crisis I speak about and Mining Minister talk about DOMESTIC PRODUCTION.
NOW - Fuel shortage in Dornod and Emergency Meeting for this.
Make up own mind & use intelligent INTEL / RESEARCH 🦉
Posted just now about Emergency meeting -
"Today 12.07/2023 the deputy governor of the province, the Head of the Dept of Food and Agriculture, the Head of the Eastern region Mineral & Oil, Planning and Investment Dept, Emergency Dept" met with
"Managers of Petrovis LLC, Standard Oil LLC, Shunkhlai, Tes and Ulz Oil LLC."
"In the Province there is a half month supply of A-92 fuel but the fuel stock is LIMITED"
"In addition 13 gas stations of Petrovis LLC are working 13 rural sums and setting a LIMIT on the amount of fuel to be issued per day"
They say more fuel to come in next 7 days (I post early in week or last week about emergency short term shipment from China).
Source: Dornod govt
Look like FUEL CRISIS WILL NOT GO AWAY & NOW HITTING DORNOD!