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Question.
Below is part of a group of correspondence with UK agencies regarding Petro Matad.
My question is a simple one. Have Petro Matad had contact or correspondence with either the Mongolian or Isle of Man regulators ??
I am being transparent by sharing concerns real long term holders have with an ongoing real understanding of Mongolia.
If we can establish the truth attached to the IOM issues we can move onto the real reason the LP has not been granted.
Good afternoon Richard
It was good seeing you yesterday.
I have today received a request from the isle of Man (IOM) FIU in relation to the intelligence which I passed to the re Petro Matad.
The IOM FIU are seeking permission to pass this intelligence over to the ‘Mongolia Financial Information Unit’ and ‘The Isle of Man Financial Services Authority’.
Are you happy for the IOM FIU to pass this information as requested and will any dissemination to the Mongolian FIU cause you any issues?
Of course as a person only concerned with the truth I agreed to the above.
Bowley please enlighten us as we are all guessing.
What is your opinion.
Why were the ministry of mining and petroleum along with the ambassador at the IOM meeting.
Bowley, The reason for the meeting in IOM was explained in an RNS as discussions on PSC and fiscal terms. Some of us believe there was more to it as we are aware a new company PM Energy was formed soon after. The photographs and presence of Mongolian ministries, IOM and Mongolian dignitries and reps from Finance IOM point towards something other than you are suggesting. Would love to know the date of your correspondence if you are unable to share the content. By the way, it would have been great to have you around when we were struggling to translate some Mongolian docs seeing as your partner I believe you mentioned previously is Mongolian. Certainly would have made those issues more transparent.
MD are operating not too far from block 5.
DQE is 1000 odd miles away.. to transport rig from block 20/21 to block 5 is a job in it self.
You are not making any sense Bowley regarding the IOM meeting .
Some people come on BB try to say have this / am this but when some people on BB who do deep research very easy to expose them lol
Consultant should know company will not sacrifice big DQE partnership deal with China back company with scale & logistic advantage for drilling deal (only) with Canadian driller.
Very simple even for simple consultant ;)
Consultant should know company will not sacrifice big DQE partnership deal with China back company with scale & logistic advantage for drilling deal (only) with Canadian driller.
Very simple even for simple consultant ;)
Mr Bowley
Hope this explain your question why Petro Matad not "ditch DQE and go with Major Drilling for everything"
Do not know who you consult for but job should be about make them money not lose major strategic advantage sir lol
WOS.
I would suggest you consider every possible outcome and not just the ones that suit your own narrative.
I am asking questions. Questions perhaps it’s time for Transparency International and FATF to also consider.
If the answers to those questions come back satisfactory then we truly know Matad were in the IOM for legitimate business reasons.
If not and Matad have not disclosed such an important reason that may be materially misleading to the companies shareholders.
Could be something. Could be nothing. Transparency will allow all to understand.
Happy trouser hunter !
Mr Bowley
Problem is when you come on BB and say you are consultant but show very little business sense or knowledge to back this up. In fact question you ask about company & Major Drilling / DQE expose you badly sir
Then you expect BB to respond to your I tel which ONLY come through you & cannot be back up & only have your word because if your sources no one can check.
You see problem ;)
Think I help people keep pant on tight there sir :)
Owly.
Chill it my friend.
Did I say I was a consultant today ? Yesterday ?
I am asking questions. I am only seeking factual answers.
Stop attacking the messenger.
If the companies house keeping is all in order we should be happy members of the team are being awarded further bonuses.
Bowley - did you ever think that the parties at the IoM meeting could all be under an NDA such that nothing about a possible new partnership could be disclosed until it’s signed and sealed or it coii I’llld just be what we were advised in the last RNS ie fiscal negotiations on PSC but I think it’s a fair chance with so many high ranking folks around that table and the IoM finance guys it’s something more and all under an NDA
Bowley,
You won't find the answers to your questions here on this BB, perhaps contacting Matad directly with your "concerns" 🙂
Researchandhold.
How many times in the last five years have Petro Matad disclosed they have been in the Isle of Man ??
Mr bowlwy you say you seek factual answer which only come from you with source that cannot be check
Think this big problem ;)
Bowley,
re "How many times in the last five years have Petro Matad disclosed they have been in the Isle of Man ??"
It was the Mongolian Embassy in the UK who posted this visit on their website first, the news was out there and a number of shareholders contacted Matad directly to enquire about this visit, I suppose that they responded to these enquiries through the RNS, what do you think?
BOWLEY you haven't answered what the ministries were doing in IOM.
i don't think it will make a difference to PM if DQE doesn't partner up.
Better to pay per well than to give a 50% away ..
Cheaper to pay for each well than to give them 50%..
If PM starts making revenue 2023 or 2024 itll be a totally different company.
I recon easy 20 to 30 mill revenue from 3 well. Which PM has money for.
30 mill Enough to pay for wells 12 more wells. Which will bring revenue of over 100million a year.
Did say from beginning my thought on IOM meeting with Petro Matad / Mongol Govt partnership to develop oil exploration potential in Mongolia
Potential New Saudi Arabia? Will see but look at size of some tract & also Foreign Investor drive by Minister / Govt, Recent invitation to Xcalibur Multiphysics and Petro Matad in country experience.
This could be massive I say before and now check Parliament session today and discussion on Renewables. Did not mention because understand lot if good intel just wasted here with flip flop simple ones.
Watch how Petro Matad build into major multi factor Energy Company with full Support / Partnership of Govt.
Some talk take bit profit here or there. Thus us there decision. My picture is much bigger
All be happy with whatever you want but have to have share in first place lol
Mr Hamm
Have no opinion on this. Do not know if multi million trade happen for EL or come suddenly?
I always look at investment case & this enough for me. No flip flop if price go down or anything ;)
Nothing change, Case STRONG. Be Happy :)
I agree that nothing has changed. We are still waiting for LP!
5 years waiting.
Waw it not drilled in 2019. Then hit by covid . Then was left with the locals.
Only been with government agencies since September 2022
So 2p was your call Hamm if we spud without LP.
Fair play but I think Mr Market thinks otherwise.
Let's see shall we?
And Special Certifucation process only few months.
Have explain all this to mr Hamm before but always he does not want to listen then ask SAME question again LOL
Also check last RNS where mr Mike Buck talk about making this watertight. Thus why proper Ministry submitting it to stop any future legal problem.
There nr Hammhavecexpkan again ;)
Yes, spud with no LP secured 2p or less.
Guys, with no LP we have no income, simple.
Time will tell.