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Mr Owl.
I like your thought process.
I believe you do offer this BB something different, and different thinking when combined with other thinking is what brings solutions to problems.
I am very happy to answer all your questions, and any more you may have.
Simply drop me and email with something to identify you, I will do the same and let’s get talking seriously to each other.
Anyone else that feels this would be beneficial please jump in. Correspondence to ministers and governments from real people who are really invested and want action, this would give us a collective real voice.
Mr Owl if you are up for be the first to join forces and let’s get this thing rolling.
Richard.
So we try to be helpful in discussion and why I post this interview breakdown at 14:45.
Also I am INVESTOR with 18-24 month hold so I will be positive on investment if I feel nothing have change for this.
First I make point of Petro China MOU which mr Doc did correctly point out from 1st listen of Interview (3:39-3:55) but this does also cover "Support & Sale".
MAIN point why I am very confident of
target OIL PRODUCTION / FIELD DEVELOPMENT 2023 is all main Govt dept FULLY support and "facilitate" this target.
Also
All paperwork sent out, discussion for compensation / grazing already have take place with herders and go back to comments before from mr Mike Buck about positive relationship with Dornod admin (now).
Paperwork sent out just need to be sign and all agencies of Govt pushing this. Link this to any obstruction can mean prison for person who block Govt process (under new law) & Dornod admin who say they must obey Govt directive.
All equipment in country & contractors ready to go so with points above I believe start of Heron / Block XX operations will be in next few weeks.
Seperate and any time now will be RNS on Renewable contract imo.
Happy to be investor & be holding my stock
WOS - WHO ARE YOU ???????????????????????
Mr Bowley
You attack me on my username but let us have serious discussion here. There is LOT of money that can be made with investment in Petro Matad with development of company strategy / growth.
So instead of ridicule sir let us be serious because you claim INSIDER KNOWLEDGE so we must be serious YES?
Q1 Why was your Insider Knowledge so WRONG when you claim NO Cabinet decision in this sitting but all poor shareholder have to wait until (at least) Oct 2023?
(Every time I ask you just abuse my user name).
Q2 - You assume I have no knowledge of high level business / politics. Maybe you are right or maybe not BUT yiu still refuse to answer ANY points I make in post in yesterday post at 05:37. Simple points.
Why?
Q3 - You say this is above my pay grade but why did Indian Minister with HIGHEST level access to Govt / Project / Auditing feedback give ALL CLEAR to Refinery Project?
Instead you see share price dud drop after LSE interview & did suddenly tirn up and say "President spend all Refinery money".
Who sound like the fake here sir?
Simple questions or maybe you use same "contacts" who gave you such disaster intel before about Cabinet Meeting decision.
Be Happy 🦉
Maybe if Mr WOS told us who he really is & what HIS credentials are then people might be more inclined to take note of him?
//What an arrogant, pompous, toffy nosed Walter mitty//
Who dat den?
Reminds me of this bloke
https://m.youtube.com/watch?v=hcxs-CH4kG0
What an arrogant, pompous, toffy nosed Walter mitty
I also just listen to interview (again) and here is breakdown - jusde for yourself & not any traders view lol
https://youtu.be/tR02UYP-Z9I
1:10 - 1:30 - Feedback from (people at) Cabinet Meeting very positive & reasons
1:30 -1:58 - Formal registration process with agreements needing signing & talks already with herders with modest compensation / new land
1:58 - 2:25 Certification area (whole of Heron, Gazelle discovery & all prospectively defined in proven basin which extend from PC Block 19)
3:00 -3:38 Land Agency working well and have (already) sent out all documents that need to be sent out. "Ministry of Mining & Regulator have both said they want us on stream THIS YEAR and they will FACILITATE that (*check against new Law change which can imprison anyone who obstruct Govt in this matters).
3:39 - 3:55 Oil sales agreement with Petro China. Have MOU in place for "general co-operation INCLUDING Support & Sale of oil (*Doc correct when he say this is MOU not contract) but MRPAM helping to get that sorted.
4:33 - 5:10 Well just waiting for mobilisation of equipment to complete with all equipment in country & waiting and Contractors have confirmed availability so short piece of work to put Heron-1 into production.
5:15 - 6:15 Economics of project
6:15 - 6:40 Multi year multi well contract which has been negotiated with main drilling contractor already submitted to MRPAM.
6:45 - 8:40 Velociraptor
8:50 - 10:50 New licensing round with all fiscal term agree on one block already. Second progressed. Third possible. Strategy is get block next to already Proven / Producing basins. All timeframe by Govt aggressive & being met with looking to awards BEFORE end if year (but exact timing in Govt hand of course).
10:50 -12:55 Renewables Very pleased with SubSteppe JV and expect very big things with "Massive potential" for Mongolia Solar & Wind generated power & Govt /Energy Ministry pushing hard in this sector. "Very pleased with the way the JV is working with OPPORTUNITIES COMING OUR WAY" (*ref RNS NEAR TERM Contract / Potential Revenues in 20th June 2023 RNS).
12:55 - 13:55 Newsflow over next few months. Lots of exciting stuff but focus Heron-1 onstream. "We, Shareholders & Mongolia have waited far too long so that is BIG target for 2023" and initiate Phase 1 of development of that discovery.
Owl.
You have never worked for the Mongolian government, never sat in one GoM meeting or produced one report for a minister in the government. No one in Mongolia or the Mongolian government has ever taken advice from you either personal or professional.
In short you have no connections, and anyone signing off as an owl is likely to be laughed out of court.
Yet another article in the Mail on Sunday stating my role for the government and that I produced reports for the government.
You are now filtered as it’s impossible to even have a constructive conversation with a person that thinks they are an owl.
https://www.thisismoney.co.uk/money/markets/article-12400311/amp/Whistleblower-raised-alarm-Rio-TInto-copper-mine.html
If you ever make the national papers one day I might re-instate you and take you seriously.
Doc, where did you get the idea that China is one of the two most corrupt nations on the planet? Have you never heard that corrupt officials are shot in China?
Dozz, you are a sober-minded person and haven’t you realised until now that the biggest obstacle is MB-loafer, who has turned into a virtual head of the company and sitting in Singapore, imitates violent activity by empty chatters. Well, please tell me why he needs to bother himself with some of big and complex issues related to oil production while sitting at home can robe investors and other borrowers and engage in such a special and very exciting type of gambling as drilling oil wells? In the hope not only instantly get rich, but also a status of the greatest oiler who has discovered in Mongolia unseen before in the world oil reserve.
Therefore this adventurer is the main obstacle to the smooth and natural transition of the company to oil producer. Moreover, and the most interestingly, this suits everyone, that is, those who will not allow to start of production without a bribe, and those who do not want to give it until they start producing oil. Therefore, it is necessary not only to remove the MB from this post, but also crash down this equilibrium state by every means of external influence. In this regard, I welcome and very pleased by active actions of Bowley, as I'm myself doing the same.
// Low 3 would be interesting for me.//
Totally agree - I can see 3.50 looming & no need to get excited even then.
I listened once more to interview with MB. Highlights:
Heron is focus but completely out of there control and i think that is why hé did the interview
LP still waiting for signatures and they have no idea when (if) it will be signed.
Reason could be to do with corruption/politics something else but out of control and they not got a heads up.
Hé also clearly said hé didnt want to get heron ready when there is no oil Sales agreement with PC.
Also They basically gave up on the raptor trend completely
I just see no need to get involved quickly unless SP crashes more. Low 3 would be interesting for me. DYOR IMHO
I send Email to MMHI, MRPAM and to Mining Minister Mr J Gambaatar. Also other correspondence to Prime Minister.
What does this mean if I show someone copy of this Emails? Nothing really. Just I send email.
What tell me everything about persons Intel is when they post on July 4th that Cabinet will not vote on this until Govt reconvene next October.
Then we find out Cabinet DID vote on 5th July. Just one day after great Intel. This prove lot more then email shown to other BB poster.
Also other points in 05:37 post
I ask again who is on bigger Pay grade Indian Minister who have DIRECT ACCESS to refinery project or mr Bowley who has already been expose with Intel disaster?
I look at fact I can check and not BB poster with secret contact 😏
I thought the British government/embassy were or had already been involved, Philip Malone etc?
Thank you Dozz!
I can confirm I have actually seen a copy of the "strictly confidential" email that Bowley sent to someone high up in the Mongolian government with regards the LP and PM. This email was sent 2 weeks before the cabinet approved the LP. I am actually hoping now that Bowley sending a new email to the British government/ambassador tomorrow it will put more pressure on the MG.
I think this is the only way that this will move forward. We need this LP well before year end
Mr G Kahn
This has been big point in media & political debate about Mongolia reliance on Russia oil import. All part of self sufficient drive & push for domestic production / Renewable investment.
Like you say Block XX development will help provide feedstock for refinery to meet this goal & shoot in foot if block. Also loss of PSC revenue.
Like I say in previous post reason why MRPAM, MMHI & Land Agency all heavy backing for Petro Matad in process with legal change to give no way for local govt to block (also link up with mr Mike Buck statement on good relations now with local & herder agreement reached).
Hope this info add to inform debate here 😏
We all know both Russia and China can crush Mongolia with force BUT here is point.
BOTH Russia & China have strategic link up with Mongolia to benefit them (article also talk about many trade agrremments sign with China during PM official visit in June & we see recent trade visits to Mongolia from Russia).
If Russia OR China push too much influence on Mongolia they do threathen each other interest also (check China plan to invest heavy resource into Mongolia renewable for energy import with agreements last few months in official visits).
No guarantees but lots of reason to be very positive on development of Mongolian economy & position.
About Petro Matad finance same and will go by official position in 20th June RNS about "cash sufficient until at least July 2024" unless we hear different.
My own opinion is we will get all formalities for Special Certification approval within next few week to start Heron / Block XX operations. New laws to imprison anyone who obstruct Govt business put there for reason. When Cabinet orders something (specially under National Importance status) not so easy for anyone to start obstructing.
Dornod head akready say nothing he can do against Govt order and this is why.
Hope info help & I believe very good time ahead for investor in stock
“The government will be into election mode late this year. Let’s say PM produce before year end. This will give the DP and others political ammo to use as Mongolian crude will be going over the border, when the country is shipping nearly all of its fuel from Russia. A huge political own goal. “
If as and when Heron is producing oil the Mongolian Government will be entitled to 5% royalty oil and an initial 40% production share, i.e. 45%. While PM 55% would have to go via PetroChina to a refinery in NE China, for the next three years until the Mongolian refinery comes on-stream, it is very questionable whether it would be politically acceptable for the Government to export its oil. The alternative would be for MRPAM to enter into a storage arrangement with PetroChina.
On the other hand, If Heron production is stalled for an extended period, PM wouldn’t have the income and cash flow to pay for additional block XX exploration and development, unless the deal with DQE is extraordinary favourable. Further success in Block XX is key to domestic supply for the refinery. Otherwise, Mongolia might have to import Russian crude oil for the refinery to be operationally viable.
Article also say
"Although his compatriots (US) openly express their position against Beijing, the Prime Minister said that neither Russia nor China possess a threath to his country"
"We have two neighbours that are located directly on the border, and we differ in terms of the governance system and some values. However, both of our neighbours understand the development path chosen by the Mongolian people and respect our development path, even though it differs from them"
This article from 8th Aug 2023 (after PM US visit) maybe have some interest Mr Doc
montsame.mn/mn/read/324382
"With a total population of 3.4 million, landlocked Mongolia is still closely tied to its two huge neighbours, but it's democratically elected government is committed to diversifying its economy and expanding relations with other regional powers such as Japan & South Korea, as well as with Western countries."
Harvard educated reformist Prime Minister visited Washington last week and met with US Vice President Kamala Harris.
"Mongolia is expanding its "third neighbour" policy and this policy is very important to maintain the balance of relations" said L Oyun-Erdene during an interview with Washington Post journalists
Better to read complete article. This is just bit for person who will not read it & give idea.
Wow, I was out all day yesterday and am just catching up here! Never a dull moment on this BB.
The corruption bit is no surprise to me. This, and being sandwiched between China and Russia (two of the most powerful and corrupt nations on the planet) has always been a concern for me. But my hope is that ultimately Mongolia will want that oil out of the ground eventually, and our biggest shareholder, Petrovis, are Mongolian. The challenge is MATD keeping afloat long enough!
Not sure what to make of Bowley. Are you invested here and if so, have hope that we’ll see a positive outcome eventually?
Think Indian Minister has seen EVIDENCE as well and he pass Refinery project. What pay grade is he?
Think I believe him to poster on MATD BB who already show how accurate his intel is with last prediction 😂
Seems like a game of thrones here, intel about who said what. So sit on side lines and watch it play out. Have a nice week end guys