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//As BP said he/she has no shares!//
Another falsity - I said I sold out & I did. But who's to say I didn't buy back later?
From memory ( long time ago) I think I said the LP is an essential step but not the be all and end all. Let's see what MB can do with it shall we.
//Before, it was the LP that you used as your stick - ad infinitum, //
Can you show me where your evidence for that?
Petro Matad – group granted land access for Heron, which could lead to first oil before the end of 2023, shares up 62%
ukinvestormagazine .co. uk/petro-matad-group-granted-land-access-for-heron-which-could-lead-to-first-oil-before-the-end-of-2023-shares-up-62/
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Updated: 06/07/2023
Petro Matad – group granted land access for Heron, which could lead to first oil before the end of 2023, shares up 62%
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By
Mark Watson-Mitchell
06/07/2023
At long last it looks as though Petro Matad (LON:MATD) is going to be granted access to the Block XX Exploitation Area.
That is very important news for the group and could well lead to the first oil flow from its significant Heron oil discovery, before the end of this year.
The group is involved oil exploration, as well as future development and production in Mongolia.
The company holds a 100% working interest and the operatorship of two Production Sharing Contracts with the Government of Mongolia.
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Shares
Updated: 06/07/2023
Petro Matad – group granted land access for Heron, which could lead to first oil before the end of 2023, shares up 62%
Avatar photo
By
Mark Watson-Mitchell
06/07/2023
At long last it looks as though Petro Matad (LON:MATD) is going to be granted access to the Block XX Exploitation Area.
That is very important news for the group and could well lead to the first oil flow from its significant Heron oil discovery, before the end of this year.
The group is involved oil exploration, as well as future development and production in Mongolia.
The company holds a 100% working interest and the operatorship of two Production Sharing Contracts with the Government of Mongolia.
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Block XX has an area of 214 sq.km in the far eastern part of the country and Block V has an area of 7,937 sq.km in the central western part of the country.
Analyst Daniel Slater at Zeus Capital considers this approval as removing the main impediment for development work on the group’s key asset, and paving the way for first oil later this year – a significant moment for Petro Matad that will herald the start of production and cash flow growth.
He notes that the £69m company needs to complete the various procedures to formalise the land access consent, which could take a number of weeks.
Slater suggests that it will also need to pick up its discussions with Petro China on selling its Heron production.
PetroChina produces oil next door to Heron, and the mooted plan is to truck Heron production to the Petro China facilities, before then selling via Petro China’s established trucking offtake route into China.
Against the Zeus Capital Total Risked NAV of 17p, the shares after the announcement are up 62% at 6.20p, offering still further upside.
BP is sad example of sb who was calling 2p to get in! As BP said he/she has no shares!
We have over1300 trades and 30m buys. That is a new support. Plus we have all the news waiting to come.
I am sure from now on we will have all good news and with each one another rise on the way.
As guys earlier mentioned the beauty of this situation is new big boys investors coming in which will change the prospects of MATD which in turn reflects the real.true value of the share price. All in near future. One after another. Sit tight and hold to your golden shares for now.
Well said TheCondorMan!
Show some humility bp, and get off your high horse. Before, it was the LP that you used as your stick - ad infinitum, now that has been delivered lock, stock..... you move onto the next stick, instead of being gracious and accepting matd is now in the clear.. No doubt you will continue to use this new stick relentlessly on this board... until even that falls flat......and so on. No rhyme or reason for such behaviour.
you need to look in the mirror and note what a sad life you lead on these boards.
"Is the LP "spike" already over? What really matters is PM becoming a producer & generating revenue from oil sales. Until then it's just hopes & fears." Didn't take badprophet long!" lol
Mr Mike Buck maybe hold DQE news for V1 update ;)
All term agreed. At DQE head office for months since before March ;)
Shift from small holders to big investors/institutions. That is gonna happen soon.
Exciting time ahead of us guys. Thanks again to WOS with all his research. Thanks to MB with his strategy to get LP secured.
The rise will continue.
Petrovis also will look for fast DIVIDEND introduction. Will not spend money for so long to keep for just capital growth.
Petro Matad have fast track to revenue generation / field expansion
Dividend will also pull in big Institution investor.
This us what I wait for. Anyone who want to wait for revenue to start (and all other development RNS in between) then do this & compete with large buyers / pay price at time.
For me INVESTMENT PLAN clear / Expected ROI focused :)
Calling someone a liar is not very nice, perhaps you should retract that statement. No one can guarantee anything, that is something most of us realise as there is so often a reliance on others. A lie is something deliberate with the intent of misleading others. MB has never intended to mislead anyone.
Is the LP "spike" already over? What really matters is PM becoming a producer & generating revenue from oil sales. Until then it's just hopes & fears.
Https://www.malcysblog.com/2023/07/oil-price-touchstone-petrotal-angus-hunting-petro-matad-prospex-and-finally/
'Thank goodness for that, I was half expecting never to see the certification on Block XX, this is good news indeed.'
I just open screen and think okay. I KNOW price should be higher & have confidence will be. Why?
Few thing but wayvtgey all fit together as well.
"This important step has been a very long time coming but now provides a firm legal standing to the company to execute the approved plan of development for Heron AND to explore the exciting potential AROUND IT"
What is this? Extension into 2 Billion bbl PROVEN & IN PLACE oil in Tosun Uul Basin.
Fast track development / Revenue with DQE partnership (to be confirm) with RNS expected.
Start of quick workover of Heron with RNS expected
Near term Renewable revennue with RNS expected.
What I think hold back price little bit is V1 news. People think what if duster maybe get cheaper. Think people also forget how many other look to buy when they sell.
Lot can see potential so short term reaction will be replace by longer term price growth.
Also mr Professional say something VERY important some people might miss. This share will shift from small holder to larger investor.
Explorer to Producer
This will take out small holder so like mr Thornogasson post at 15:51 say with good insight. Trader logic will not stand when large holder start to step in
All sign there & did say mr Buck is brilliant strategist with well funded company & partnership for development with offtake.
REVENUE COMING & PRICE EXPECT TO GO UP over coming weeks/ months
Buy sell or hold up to you. Happy jet to unlock revenue & growth have arrive :)
Finally a broken clock - MB showed the correct time. But, there no reason to get overexcited. Yes, SP was already much higher than today's just in May and without LP. The real achievement for the company will be if MB does not lie again and starts drilling Heron this year, as he promised, turning PM from an explorer into an oil producer. If this promise is not fulfilled and another year is irretrievably lost, then all this growth today will be blown away like a burst balloon. Not to mention all of the negativities if drilling V turns into dust. Therefore, the key to real success, as well as the value of the issued PL, is to immediately resolve all issues and start drilling Heron just this year.
I'm looking forward to the next RNS telling us we have oil at V1 and we are mobilizing to spud V2, now that would be an RNS, here's hoping 😁 GLA
crazy to think this was at 7p a couple of weeks ago now we struggled to close over 6p with lp couldn’t make this **** up
I look forward to the day when they announced we got oil out of the ground!
20% rise everyday until V1 update is good for me. With a positive V1 RNS another few hundred % increase will do just fine for starters.
20% rise per day would take us to 17p by the end of next week. I’m sure many would be happy with that for a start.
Don’t have time to read all the posts, but Hamm is correct. 50% or so is a great start.
And that is it - the start of the re-rate. I wasn’t expecting a 15p re-rate on the day of the LP RNS. No share behaves like that.
Fantastic day, great start… more to come. We’ll done all that held.
Read the presentation LesMouches and you will see how Heron will be funded.
LesMouches. Yet there is an extraordinary demand for flying and importing goods from places like China who are getting back into gear after Covid and need plenty of oil. Heron is on the Chinese border, even using second-hand tanks to put the oil in from a Chinese oil company.
Oil is not the main problem the world faces, countries like Russia are.
All the market is down but MATD is 60% up says it all.
That is great great interest guys.
Stop talking nonsense please.
Just one way and that is up.
Booooooom.