The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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BOOOOM :)
Good start & strong large Buys first thing.
The one who want to know what mr Mike Buck has been doing (lol) should read last RNS & see all RNSs we expect in Q2
Also Mongol Govt move toward Foreign investment & Special designation LP signing at coming Cabinet meetings ;)
One who does not will not be happy :)
Eating cream eggs i bet.... but it doesn't matter BP ... 5p will be history in next few days!
Morning all…. Hoping for a big blue week here… MB has a shed load of news to deliver this Quarter… can’t believe we are still sub 10p but that won’t last long.
The group finished its work in January this year and a draft MONVAL Code is now ready.
Agree mr D1nger you make VERY good post at Sun 20:39 & show why lot of people will start to take position in MATD investment with coming days.
Q2 is SO HEAVY with NEWS!!!
Good we are holding stick already for price to start rising & rising.
Happy :)
Sold fires causing some damage to the local community. Luckily it's more towards Easter side.
Might be a good idea for PM to contribute to show support for the locals. Good opportunity. EVEN PC has been helping out.
THE FIRST MEETING OF THE NATIONAL INDUSTRY COMMITTEE HAS HELD
The first session of the "National Industrialization Committee" established by Resolution No. 103 of the Government of Mongolia dated March 22, 2023 was held.
The National Committee is headed by the Minister of Mining and Heavy Industry, J. Ganbaatar, which aims to intensify the revival of industrialization within the framework of the "New Revival Policy" approved by the State Great Khural Resolution No. 52 of 2020.
At the first meeting, the working rules of the National Committee were approved, and after discussing the action plan to be implemented in 2023, it was decided to have 4 sub-committees under the committee (coal deep processing, copper, ferrous metallurgy, and light industry).
The main goal of the National Committee is to select feasible projects in the field of industrialization in the first place and to intensify the production of value-added and final products.
D1nger. Excellent post.
Amazing potential upside from Block V.
Piece from Progressive research analyst below:
"Petro Matad believes that the Velociraptor prospect could contain recoverable resources of 200 mmbbl. In this scenario, management believes that it could achieve first oil as early as 2024 and that this discovery could reach a peak production of 90,000 bbl/day in 2028. On the costing side, the exploration well is expected to cost a mere US$1.7m, while for a full-scale development we believe that capital expenditure and drilling is expected to be approximately US$1bn, representing a modest level of capex of US $5/bbl".
I refer to Greebacks' post @09.12 this morning. You could make a lot of people happy!
glad you added the ? mark researchandhold!
Matd about to go through a transformational period - from an ugly duckling into the goose that lays the golden egg?
BP- Please just "Go Away" the responsible owners of this company dont need your..... "constant-Negative-nusance-post"..... "If you dont have anything good to say"!..... "Just Go-Away"? .... share your miserable life with some other investment board"!..... "We - "the resonsible owners of our MATD'r - "Bid you "Far Well"!
for of us R.O.O.M.T.D'r... Happy Easter".... soon we will benefit from all of your positive-informative-posts"
Gla- Rejoice Sooon"!
Think Easter time for egg & not sour grape ;)
Thank you for good post from poster here & base on fact. Will invest according to this and not sillly comment from other.
Be happy & good :)
Looks like we're winding up for another multi-bagging spell from the rampers!
Good post D1nger, Working interests, operatorship, tenure. Petro Matad holds 100% working interest and operates Block V. Exploration Licence runs until 29 July 2024
Proven petroleum system.
2018 Snow Leopard 1 with good oil shows Large, shallow prospects with multiple targets identified 7km south of Snow Leopard 1 along the Raptor Trend.
Transformational potential for country and company. Approx 200MMbo' recoverable resource potential in Velociraptor Prospect which is drill ready. Approx. 380MMbo' follow up in adjacent structures. Very low cost drilling (<$2.0MM) 20% chance of success, better than most high impact frontier wells.
Time remaining on PSC sufficient to follow up success with appraisal well, well testing, related post-well studies and Exploitation Licence application.
Precedent set for Exploitation Area to include discoveries plus adjacent exploration upside. Potential to be on stream within 2 years and to meet the needs of the Mongol Refinery on start-up. GLA
Happy Easter" to all the responsible owners of our MATD'r that are posting on this board".
Thanks Again'.....
D1nger.... Good on ya Mate'.... good stuff'.... thanks Mate for being a responsible owner of our Matd'r.
GLA'.... soon we can say "We Did it"!
I don’t think we know how big Velociraptor could be. Mike seems pretty confident about it as the company thinks the oil from Snow Leopard migrated to the trap they have called after the nasty dinosaur.
Matd operate on a 17% recovery rate estimate, which means the Velociraptor target is thought to contain 1182million barrels of oil and probably why their upper estimate is 400million barrels recoverable.
Fox is the same 200m recoverable so makes it a similar estimate of over a billion barrels in place.
Phoenix and Phoenix West are even bigger with a total estimate of 360 million barrels recoverable.
Matd has stated that modern drilling techniques can bring the recoverable rate up to 30% which means the total potential recovery (if successful) between Velociraptor, Fox and Phoenix is circa 1 billion barrels.
Mongolia is going to have to build a **** load more refineries because the current capacity of the refinery being built is 30k barrels per day which will take 91 years to process if Matd’s drilling of the prospects prove to be successful.
This is important to remember, we already have a local permit for Velociraptor.
There has always been massive potential here, the permission to drill and exploit Heron is huge, it’s massive, it is THE most important key to Matd’s success and when granted I am guessing a lot of people here will make a very nice sum of money, as will the company.
2023 - The year of the Yak. Good luck
iamrich: I am certainly one of those long termers you mention and I thank you for wishing us well. And yes: We would really deserve to benefit from a positive boost of the SP - after so many years it would be about time!
The earlier it happens the better.
ATB
Alot of coverage in the media, have to say matd has turned out to be the share of the year already for me, can see alot of new people joining us next week and then add the traders and sideliners fomo,
Although I want this to happen for me I really want the long termers here to benefit from the huge share rises to come as they deserve it the most for their patience,
10p next week written all over it….. the good old days of 37p will be here again soon.
Nice find Mr.P
Thanks for article MisterPositive - Matad is surely sat in a prime position for this.
Doc83 - Totally agree regarding the SP after LP being granted. The EL got us to 9p last time, and even now with some dilution after the raise, we would surely breach 10 or ever 15p. Maybe even spike much higher before a correction.
When this SP gets moving, it moves rapidly rather than steadily.
Pepe - I won't be selling any below 10p but it probably depends on what price the SP reaches after the LP is granted.
If we get the LP soon and it doesn't get past 10p then I'll be very surprised and may have a tough decision to make then.
But ... I truly believe the SP will be considerably further down the line after the LP being granted and when money is actually rolling in from us being a producer rather than an explorer.
All of this is IMHO of course, but I think this year could / should be huge for us.
GLA