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Oh BP's Shivering now
No as i see it they are two separate issues
1) We produce and effectively sell to china.
2) After that it is not our problem as to how Mongolia gets its fuel.. As i understand Mongolia will get a tax from us after costs are covered.
I think time it would come into play is if Mongolia and China cannot agree a proper price and Mongolia decides to close down production until own refinery is open.
So i am in until license finally fully released and i will then get out some time after that.
Ibiza. Pipeline link
https://montsame.mn/en/read/317924
//BP is like a stain on humanity//
//looks like potential news next week. You sure you don't want to get in here BP?//
Is that the "next week" we've been hearing about for months? I'll probably wait for the imminent placing.
Production own by Petro Matad who use China refinery. Even if sale to China then Mongol Govt get revenue from PSC.
Basic point 🦉
//BP is like a stain on humanity//
looks like potential news next week. You sure you don't want to get in here BP?
Ok so what happens when we get the license to produce. We produce send the oil to china to process then what does MG do buy it back from China and again at what rate. I cannot see this working out for the Mongolia until it has its refinery up and working and that i think is until 2025 at the earliest i would guess. I would hope that someone in the Ministry of Mining is looking at a pipeline from Heron through to refinery otherwise our share is going to tumble as it will be up to us to provide the infrastructure and that would mean a massive placement.
Reasearchandhold said //BP is like a stain on humanity//
I think most "poor" countries that are rich in oil have pretty low domestic fuel prices.
If Chinese fuel is so expensive compared to Russia, makes you wonder how the actual pricing of home produced fuel will be managed.
If you look at Dornod local govt media they have meeting for everything. This is NOT to get permission from local people but to tell local people what happening.
What is IMPORTANT is what meeting cover and what mr Master post is about LAND USE and local activist reaction to it 🦉
Reasearchandhold said //BP is like a stain on humanity//
Current delays don't really matter as nothing much will happen until next Spring.
Just hope that:
a. MB can get all the necessary agreements in place to do more drills/start production/market some oil.
b. MG don't decide to ban oil exports from Heron to ensure there are no shortages when they have refining capability.
PS. Symph - get off my case you idiot!
More meetings. Why? Central government have said this must go ahead… I thought this was simply a case of paying some herders or giving them new land?
National importance… maybe. But from the outside it doesn’t seem it.
Thank you mr Master
I am not surprise Law on Land duscusse. This is what we EXPECT now with all development.
Glad ALL my shareholding secure 🦉
FUEL CRISIS WORSENING!
Saturday 25th November - source iKON.mn
"J. Ganbaatar the minister of fuel economy, said, "The price of diesel fuel has increased. There is a SHORTAGE of DIESEL FUEL due to the decree of the Russian government."
"It has been four months since our country received AI-92 gasoline and Diesel Fuel from China. China's Fuel is expensive and cannot compete with Russian"
He ask people NOT TO STOCK UP because he say fiel price will go down but look like they have very serious problem building.
Heron was passed thru Cabinet as Project of National Importance for reason & national emergency building show why.
Intel show clearly direction of development 🦉
Most likely news next week.
This was posted by the activist
The Law on Land was discussed at yesterday's session. Everyone turned their attention to him
Good luck then.
3.70 to buy and 3.40 to sell pretty much all day.
Let us know when you buy please.
So you sold last Friday, then decided to buy back in at the same price? Then sold again?
What’s that I can smell?
Thornogson yes i sold as i said. Monday will make up my mind if i set up a new trade here.
I have no FOMO
And would not be surprised if things take longer than people keep yelling here ..
Not attached to this investment. Only here for trading..
Keep up the ramping has helped me a lot already cheers
Header say ALL but very important to understand why?
- Seasonal move last few year ALWAYS do this but also reason like breaking news of FUEL DISRUPTION / China domestic demand disrupt emergency exports / Mining Minister address to Parliament about this.
- This with RNS which help Mongolia domestic supply thru Petro Matad with 2024 for first Production.
Just matter of very short time period I see to break into higher price ranges with strong support for rises like we see.
(Very) Good to hold & have good weekend fellow holders 🦉
Your at it again WOS
Go on then Professional, just for fun, please let the board know when you sell and at what price and when you buy back in too - real time.
It's not that we don't believe retrospective announcements about trades you understand but we'd be keen to try to improve our trading abilities.
Many thanks in advance.
ps Sold yet as you said you would?
BP's Trembling
//. They are probably just trying to agree a schedule for next year's meetings!//
I just thought I'd post something.
Doesn't add anything but it makes me smile!
Reasearchandhold said //BP is like a stain on humanity//
//. Another conference for mining today. Local meeting today.//
They are probably just trying to agree a schedule for next year's meetings!
Plenty going on in Mongolia . Another conference for mining today. Local meeting today.
I'm hoping news to land next week. They simply can't keep dragging this along.