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Header say all and will upset some Sneakies but fast development of Petro Matad into multi facet Energy company have been discuss before.
- DQE partnership with low cost / offtake FULL FIELD / NEAR FIELD Development will help this.
- New multi billion bbl sharing / next to proven & producing with New Block from tender
- Already have extension into est 3 BILLION Proven & producing Toson Ull as part of Block XX exploration area extension.
- Renewable contract news / first revenue expected any time with Mongolia one of GLOBAL BIGGEST POTENTIAL in this sector.
- Cash until "at least July 2024"
Why I say this again. Lot of new investor look in & current investor reminder (other please filter).
What is hold up? Now have Cabinet Approval (July 6th RNS) for Special Certification Land Access.
Cabinet have ordered local govt to conclude all follow up formalities. All documentation have been sent out and just need signature. As local governor say must obey order of Central Govt.
With oil asset already in place, cash to develop, renewable operations set up with near term revenue & FULL SUPPORT of MMHI, MRPAM, Land Agency for first production THIS YEAR then will not take chance to not be on rocket SP like header say.
Not my choice to make for other people but header us like I say & everybody decide for themself with good research π¦
"sufficient Cash until at least July 2024" (RNS 20th June 2023)
Better wait until next cash raise if you do not believe π
Love the blind optimism but reality is we are edging downwards. Have top up target set at 3.5
At sub 3p its worth a punt. Probably this week.
Price REVERSAL here AGGRESIVE! π₯
Because of header upside & RNS any time now watchout ππ°
π΄π΄π΄
Great great opportunity to add while it is quiet.
Multiple baggers on the way.
MB is still in Mongolia. He will surprise everybody soon.
Heron1 in production in a matter of 2 weeks.
Not sure if someone posted the resolution previously here. just for curiosity, searched and found it and sharing below. GLTAH.
https://legalinfo.mn/mn/detail?lawId=16759939594931
DECISION OF THE GOVERNMENT OF MONGOLIA
July 5, 2023
Number 265
Ulaanbaatar city
REGARDING ACQUISITION OF LAND FOR SPECIAL NEEDS OF THE STATE
Based on the provisions of Sections 16.1.8, 18.1.2, and 18.1.3 of the Land Law, the Government of Mongolia DETERMINES:
1. 21,392 ha (213.92 sq.km.) of the oil production sharing contract "Matad-XX" in the territory of Matad Sum, Eastern Province, shall be taken for special use by the state, and the change of the turning points of the land border and the size of the area shall be approved as attached.
2. The Minister of Mining and Heavy Industry, J. Ganbaatar, the Minister of Mining and Heavy Industry, J. Ganbaatar, Minister of Construction and Urban Development, to calculate the necessary costs and the period for land acquisition, to calculate and agree on the replacement or redemption of the land that coincides with the land of special needs of the state specified in 1 of this resolution. Minister T. Davasuren should be assigned the responsibility.
3. The Land Management, Geodesy and Cartography Department (J. Batsaikhan) should be instructed to register the land acquired for special state needs in the land cadastre state database according to the appropriate procedure, sign a land use contract, and issue a certificate.
PRIME MINISTER OF MONGOLIA L. OYUUN-ERDENE
MINISTER OF BUILDING AND URBAN DEVELOPMENT T. DAVAASUREN
Hands up, the 4 people who have recommended Hamm's post?
Way back when weren't you able to see the names of who was ticking up or down?
I used to find it useful.
Thanks London Suede. It's good to see and read the actual cabinet resolution and confirmation that the Mongolian Government has instructed government departments to take forward the statutory registration of land and special permit.
//Hands up, the 4 people who have recommended Hamm's post?//
I was number 9 - but I was taking the pee!
FFS, 9 people now?!
BREAKOUT??
We all know it on card for this πππ
Price creeping up π
"Price creeping up "
Still showing as 3.6 / 3.8p on my screen?
Creeping where? Ffs deluded
Creeping closer to Xmas!
And not been able to get a sell quote on aj bell for 2 days.. such a hot ticket π«£
Next year π€
This maybe relevant...
https://mrpam.gov.mn/news/2601/
L. Bayarmandal, head of the Mineral Oil Department, received and met the executives of China's "Sinopec" group.
L. Bayarmandal, head of the Department of Minerals and Oil, together with the management of relevant departments, received the management of China's largest petrochemical concern "Sinopec Group" and "Donshen Oil Mongolia" today /15.08.2023/.
Wu Ruikun, Deputy Head of the International External Cooperation Department of China's Sinopec Group Company, expressed his interest in continuing cooperation with Mongolia in the oil sector under the PSA Agreement, and asked for support in solving some difficult issues.
During the meeting, the chairman of MRPAM, L. Bayarmandal, exchanged ideas on new opportunities for cooperation with "Sinopec" group in the oil industry and solving some problems in the current cooperation. Specifically, he expressed his proposal to increase oil production and reserves by investing and introducing new techniques and technologies, clarifying the supply plant for the crude oil produced by the "Donshen" company, and intensifying the issue of importing oil products/fuel from China to Mongolia.
Sinopec is one of China's 100% state-owned largest oil companies and ranks third in the list of TOP-500 companies in the global oil and petroleum sector. The main products are oil, coal and natural gas.
BOOOOOM is what you sound afraid of Mr Mattpr π€
If you really hold share SELL. If not BUY & just calm down.
Relax, be happy & wait for RNSs ππ
*Price creeping up on Google. Accept or not no problem for me π
I can sell MORE then BUY so look like they want share. Can only buy MAX 120k share & buy price creeping up (at this moment).
When I look at header and understand investment development am glad already have ALL my shares.
Do not have to worry it get stress like some ouster in this BB ππ°
B/Pβ¦ Agreed - which Xmasβ¦!!!
The longer MB remains as CEO (letβs start the rampers cursing and screaming again) - it could be a fairytale Xmas.
That is the 25th of neverβ¦!!!!
Whilst MB remains the captain of this slow moving cargo ship (going around in circles) - itβs never going to happen.
Sadly⦠:-(
Intraday Petro Matad Share Chart ; Price, 3.70 ; Bid, 3.60 ; Ask, 3.80 ; Change, 0.00 (0.00%).