Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Wos long post again. I do not even read it anymore but i guess you think it is happening now;)
Go guys. If you do not get this to 4.5 with isa next week it is really looking grim.
Leave you to it today to give you guess a shot. Zzzzz
Header say ALL and now is time to put pieces together!
First
- We understand Drilling / Operations going ahead 2024 Season & Agreement reach with Mata Sum (RNS 1st March) & preparations started with Contractors.
- 22nd March protestor visit Mata Sum Administrative Centre and interview post where Mata Sum Council member sit with Paperwork (with signatures) in front of him. Protestor point to it & mention of $200k in comment. Header of video "What will happen if you have no money and no placeβΌοΈ Get out of my land PETROMATA!! !! !!
AT TIME WE SAY LOOK EVEN PROTESTOR NOW CONFIRM THEY HAVE LOST & PETRO MATAD OPERATIONS GOING AHEAD!
- Todaywe have post t from Ms Rainbow (same person who visit Mata Sum office few week ago). She celebrate about Dividend for all citizen thru National Wealth Fund . Look like she happy now money go directly in pockets thru fund.
One of comment mentions Petro Matad along with MAK, BTEG, PETRO CHINA , RIO TINTO as companies who dividendcone from now.
I mention months ago about National Wealth Fund and how Mongolian will be one of highest per capita income in world one day not far away.
This is where BIGGER PICTURE Develooment direction help and my strategy to accumulate (even 20k share extra to adf like other day).
Now expect
FULL OPERATIONAL RNS in next couple of weeks BEFORE AGM on 30th April.
Petro Matad STARTING DRILLING / OPETATIONS / PRODUCTION / REVENUE 2024!
Clever ones will be Buying I think!
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Researchandhold said //BP is like a stain on humanity//
// I just hope Buck has already got the workover team signed up to mobilise ASAP //
The workover team have been sitting in their portacabin (or yurt) playing cards and smoking ciggies for more than a year now!
Geez, Mongolia is a difficult place to do business, with central government wanting foreign investment, but as MATD have discovered everything is at Snails pace. I just want them to concentrate on HERON 1 workover and first oil, and drill Heron 2 and 3 and a good stable BOPD. I just hope Buck has already got the workover team signed up to mobilise ASAP once we get LP. Last thing we need is not having a drill team available to start work asap.
Renewables is the future and matd area step ahead then most companies, matd has a future in Mongolia and with government backing and joint venture this will be huge in a few years to come,
But for now let's get heron up and running, RNS could be tmrw who knows, but next week expecting a climb here with ISA's being filled
Still more excellent posts and information from the usual providors.
In what way can it not be obvious what will happen here?
Mongolia declare the Heron Field as being of National strategic interest and now a Norway style Soverign Wealth Fund.
Everyone will want this to happen.
Oil then Sunsteppe renewables.
Oil $91+.
The way I see it is everything is getting done, government on side plus joint ventured with matd on one side of the business,
The more days and weeks pass the closer we are to the last hurdle of this land use agreement for the LP,
It is any day now, soon as these guys get the land use agreement drafted and signed off again could be now waiting on buck to fly out to Mongolia just to sign maybe already done
Never seen a more sad individual than this proff guy Wow. The state of him. Glad everyone ignores him now
Mr Wos not happy Sir.
He now replys on GCM chat ...where hΓ© is also loosing money.
Sad bird
Ok clear wos
We sell more tomorrow ssshhhh
How much did you sell today?
Than you can buy back tomorrow and tell us you added... hopefully more than 20k. ;)
Researchandhold said //BP is like a stain on humanity//
//- would mean drilling next year which i don' t believe will happen.//
You could be right - no drilling in 2025 (or until the refinery is ready)!
Might add this https://www.mongolianminingjournal.com/a/73405
I don't agree, all necessary matters were decided some ago and the country will not be put on hold because of the election. This is not the UK, this is Mongolia where most things are decided in advance when it comes to politics. Waiting for the elections - which i can assure you MATD nor the Government would not - would mean drilling next year which i don' t believe will happen.
Aeschylus - June/July still very much likely IMO, certainly for producing oil. Iβm sure thereβs another twist to the tale yet.
Every day that goes by, we are just getting closer and closer to a raise.
General Election is probably required first otherwise it would be a bit corrupt imho
Is SP at 5 already? No...4 ? No.... what rise ;)
ππππππ
Sudden β¬οΈβ³π€
AIMO DYOR
YOUR MONEY π° YOUR CHOICE π€
Every Mongolian citizen will share in the revenue from natural resources. The government are certainly considering their people and sensibly enticing them to vote them back into power at the next election. Very clever move. Also massive for Petro Matad because almost every citizen will be pushing for Petro Matad expansion. More oil means more revenue for the wealth fund thus more money for the citizens...The government have played a blinder here .
This really is massive for Petro Matad. Give it some thought.
Many thanks to Wise Owl and Master for the helpful research you have been supplying.
Good luck to all long term holders and don't worry, this is going to be huge.
TODAY - Parliaments approved the discussion of the Draft Law on the NATIONAL WEALTH FUND - a Fund with an asset management system that distributed assets equitably to every citizen through a specialized fund that concentrated the benefits of UNDERGROUND RESOURCES" (like Norwegian Wealth Fund model).
We can see where Mongolia going with all this - why they changing system to help Foreign Investment - and strong position of Petro Matad going forward (my accumulation strategy start to make sense with bigger picture view).
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However we just need plan A for this year's drilling.
Regarding plan B. I imagine PM will (at least I hope by now!) map out what is legally needed for plan B, spot any pitfalls and send MB knocking on the relevant door(s)π€
Mr Aesychlus goid point & understand what you say sir. Plan B (Special Certification) need 3rd signature - local governor will not pick up pen - what is alternative?
We understand Legal position for him VERY weak because PSC land use agreement before overlap come into place. ALSO even if this was not case -
"the Land Law ALLOWS the Central Govt to take such land for Special Purpose use" - RNS 1st March 2024.
If he want to be stubborn we also know Prime Minister appoint local governor position. I mention also how so done who try to obstruct Govt order can be imprison - now we have extra rule in place from yesterday Cabinet Decision.
Will be STILL want to stand in way and break law? We will see but out focus for Operations 2024 ON TRACK anyway thru Plan A so enough for me to have confidence with investment / price upside / Operational Newsflow.
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Everyday a day closer to my expected equity raise for renewables. Interested to find out how big it needs to be.
@2.5 i will particate. Lets see.
My last comment is regarding plan B which is needed in the long term beyond 2024
Correct SIR. This is also what analyst tell me.
And explains why SP did not move on Plan A : it is al done according to Wos...
Be happy SIR. Selling your big 20k addition today for shoeshopping SIR? ;)
Be wise. Dyor. Talk to analysts and Company not listen to a Bird on a Board.... Just imho ofcourse