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Friend if my who is investor tell me about GKP go from 10p to over 150p or Dana go from pennies to £20
Think mr Buck transform NATD like mr Tom Cross do for Dana. All pieces here for this but make own choice & be happy with this :)
Thornog and others... its not the difficulty with getting the oil out of the ground - its the running out of funds before you can get your hands on it.
Anyway its just stuff for consideration. Apologies to all those that get sensitive or confused by share holders that have critical thinking skills.
Off topic. Does anyone remember Voice of Reason? He was an arch oily ramper at that time... he sure was like our old friend Mr Fair Analyst... I wonder what ever happened to him?
Did he get reincarnated as a pantomime feathered Asian caricature I wonder?
It was 'heavy' oil for Excite wasn't it?
Tricky stuff.
Not the light sweet crude that Heron produces that you can add to ****tails or drink neat to improve your health.
All those old oilers gave me goose bumps !!! Those were the days ! Encore,Enegi,Gkp,Rkh,Des,Mxp !!! had them all !
The Des Rns Oil to water was shocking although i think they actually went up that day ! It was as if Jesus was at the drill point !!!
Yes.. Some good opportunities around during that time.. But don’t mention Range resources lol
Xcite needed to raise a huge amount of money to fund a relatively deep off shore field with slightly unusual geology miles off the coast of Shetland? From memory. A bit like Rockhopper today.
Matad need to attach a pump to a well which has already free flowed at a better rate than any other wells on the Chinese side have flowed. And there are quite a few of them
Not really the same?
Hope you get your share now at price you happy with ;)
Thank you mr Viking :)
Mr Curiouser reason people like me post like I do for last hour is to help people like you who sat they do research but have problem with VERY SIMPLE point about CABINET SIGNATURE or GOVT VOTE
Maybe look in mirror to see where poster problem is ;)
Be happy but do not try to confuse people & when you say you know so much about company :)
To insinuate Mongolia has no interests in PM is also overlooking their biggest holder and backer.
surf1 ... and Desire Energy? Turned oil into water I recall?!!! But made some money from Rockhopper at that time :)
i understand Curiouser what you're saying. IMO i do believe the LP is coming, it would be suicidal for the MG not to issue it, but as mentioned NONE of us know when that will be, we all hope it will be very very soon but whatever is posted on here is an assumption, guess, hope whatever you want to call it. At this minute in time NONE OF US KNOW
Dozz..... The licence would't be taken off them but the company needs money to exploit.
If the company run out of cash before the LP is granted there is an issue of being able to continue as a going concern. Just simple economics. Unlikely ? Sure, But its happened in the past where companies just run out of cash and fold. Just one factor to weigh up and if people want disregard or give little weight to. Its a free world (allegedly)
Xcite Energy, that brings back memories. I was playing with Encore oil.. made some good profit at the time.
Curiouser. When you say the Mongolian Government don't care who owns the licence. Perhaps at the time of issuing any licence they won't, but PM have paid for a licence and explored that licence and discovered oil. As mentioned Ganbaatar has invited the UK MInister to Mongolia, how do you think that would look if Block XX was taken off PM a UK listed company with UK Investors. It ain't going to happen. They would be cutting their own throats.
Long and short of it, the LP is coming, but we don't know when, MG slow wheels etc, but not for the sinister reasons you are stating.
Viking. I am bought in... been a holder for years thanks - read my history
and don't tell me what to do :)
Thank you WOS :)
Curious - just buy or go away- no need to deramp - simples ;)
Dozz ... excellent post and balanced. Thanks. I do agree mostly. Its just the rampers I have issue with as no doubt they are the true sellers and they are just low life manipulators.
Off topic. Just for those who are interested the history of Bentley field and the now folded Xcite energy debacle please see wiki link below
https://en.wikipedia.org/wiki/Xcite_Energy
//For a so called easy document to be prepared and signed off by cabinet with no need for debate, it’s rumbling on a bit long, don’t you think?//
Politics, Doc
Are they giving the local government time to approve this themselves so as not to ride rough shot over them. There will come a point where they will however push the issue. Again it’s of ‘national importance’.
Land surveys have been performed. Things are moving.
Curiouser, i understand where you're coming from, but as mentioned below this needs to be approved by Cabinet not parliament. The Mining Minister Mister Ganbaatar's title is - Member of the Government of Mongolia-Minister of Mining and Heavy Industry, so he is a MP of the current sitting government. He wouldn't be pushing for foreign investment for Mongolia if it wasn't backed by his own cabinet. He has named this LP as of National Importance. He has recently invited the UK Minister Nus Ghani to the next Mongolian Mining Conference. (There is NO WAY Block XX is going to be taken off PM). Nus Ghani has confirmed she is aware of Petro Matad's issue with the LP. She is in touch with Philip Malone UK Ambassador. Ganbaatar knows that Foreign Investment is paramount to Mongolia being successful hence why the LP is of National Importance. This will be granted once its gone through the various ministries and then lastly the cabinet.
As regards locals, Dornod province are anti oil exploration, backed by Eco activists who are originally from Dornod. They are against oil exploration due to their dealings with Petro China. They are NOT anti Petro Matad, they have just received nothing from the licences that Petro China own, PC's enviromental responsibilities have been awful. They have played into the Eco Activists hands who are anti Chinese and Foreign companies taking their oil, so pressure from these activists has caused the refusal. Funny how PM is no longer mentioned by the most active EA. It's all PC. Even today they are in Block 19 stirring up crap again
The Central Government would prefer the locals to vote through the LP., so they know its agreed by locals. The locals might have already done so for PM, none of us know that, but if they don't Central Government WILL NOT any longer let locals hold back the economy and future of the country.
The slow wheels of the MG are working through this Philip Malone has confirmed this and said it will be soon
Think Mining Minister mr J Ganbataar have a lot of influence in Cabinet which is PRO business anyway and made that way in reshuffle in Aug 2022
Do research it help :)
Hamm AKA flip flopper - nasty and rude?! Try be a shareholder on here who tries to add some balance!
For a so called easy document to be prepared and signed off by cabinet with no need for debate, it’s rumbling on a bit long, don’t you think?
Hamm - genuine question - at what point will you flop back to the dark side and start panicking? May? June?
How do you know that, Hamm?
... for those who dont know what Im referring to, Xcite Energy was the darling of AIM in its day... safest play on AIM and all that jazz. The company's big prospect money maker was the Bentley field, but they ran out of cash and folded.
Shareholders lost the lost and Bentley got bought for pennies by another (I think private?) company.
Lol you try very hard mr Curiouser ;)