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Please be patient with reading. Hope will be useful for real investors :)
Header say ALL people really need to know & have consistency with OFFICIAL communication. Stop BB playerswho try to confuse or mislead ;)
- MATD HAVE NOW BEEN DERISKED FOR MAJOR COMCERN OF BLOCK XX LAND ACCESS.
- MATD HAVE NOW BEEN DERISKED FOR MAJOR COMCERN OF BLOCK XX LAND ACCESS.
Why do I need to say this twice? Think even 10 time not enough for some BB expert here lol.
Petro Matad have PROCURE & PAID for all equipment for Heron operational start in 2023.(I give reference before).
Cabinet have ordered all "FORMALITIES" to be completed for this. Understand Formality is Formality and when Cabinet ORDERS this is non negotiable so do not try to confuse.
Company have "CASH UNTIL AT LEAST JULY 2024" This was only 4 week ago they say this but some BB expert say "what if they mean this" what if they mean that". This is sanecexowrts who tell everyone they sold already to trade so maybe everyone understand where logic come from Lol.
If they say ONLY 4 week ago they have "CASH UNTIL AT LEAST JULY 2024" this is probably exactly what is case ;) (no set up Renewable JV / V1 & V2 like before but FOCUS on BLOCK XX development).
Do not believe do not buy SIMPLE ;)
DQE terms agree & last we hear need final signature from head office / MPRAM signature. This deal & term available for long time and now land access clear should be VERY RAPID imo
LOTS IF RNSs due in Q3 and will not even mention all again. Do research eaay to see.
Also I post yesterday report from Prime Minister Energy Meeting at Economic Forum where statement of Renewable Energy in Mongolia compare to Oil in Saudi Arabia & UAE. I post often on this and why I keep say I expect transformation iinto publicly listed multi facet Quasi National Energy Company with over £ Billion mkt cap. Believe or not no problem.
Even with potential "near term Renewable project revenue" to add to balance sheet focus is on RAPID FULL FIELD HERON DEVELOPMENT & EXCITING BEAR FIELD BLOCK XX DEVELOPMENT including potential 3 BILLION in Petro Matad extension into Toson Uul (Petro China have 2 Billion PROVEN & PRODUCING in their share ).
BUY or NOT but case for many MULTIPLE share price rise / shareholder value increase obvious - unless you believe all knowing BB traders LOL.
Be Happy & aware :)
Time to add more while it is quiet. Soon it would be crazy here. RNSs in a couple of days = double digit.
WOS post is amazing.
Get ready guys to fly.
Short term oil pricing / costs until Mongolian refinery built
"Mongolian produce oil process truck through China and sold to Chinese refineries benchmarked to globally traded crude which is about 5% discount to Brent"
"Trucking & operating costs are recoverable under the contract so you get those back" - 12 min 30 sec into video.
https://youtu.be/AzHbQpedtMI
I also give reference before where near field Block XX extension plan to be develop SAME TIME as Heron so maybe try to understand what this mean for production / revenue ;)
Full Update for Q3 operations will be VERY exciting for holders of stock I think ;)
There's an old saying that goes "If it sounds too good to be true..."
I am glad you understand how GOOD the investment sounds. This is AGREED & OBVIOUS and back by official Company, Govt & Sector intel.
If you do not believe then do NOT invest.
Have good day :)
WOS keep posting this as a reminder of the potential of PM. Pathetic response from BP, but as per usual, but this one today is far more pathetic than his previous posts. No answer to your post.
What's the point in responding sensibly when he posts the same thing a million times over? Life's too short.
I agree Badprophet.
There's never enough news to satisfy an information hungry bulletin board.
I'm content to sit back and wait to get rick.
The seeds have been sown, the weather is set fair, all I need to do is wait.
Petro Matad want to produce oil, have the funds and drilling/production contracts in place and most importantly have a production ready oil field ready to go.
The Mongolian Government need domestic oil production and want the Heron Field to produce oil. They said they'd change the law to allow this to happen, and they have.
This is happening. Right now. Calls, meetings, contracts.
No news today though.
Perhaps tomorrow, perhaps not. But one day soon.
And the morning that RNS lands I'll be waiting. And fully invested.
Not much to be said until then?
For full disclosure's sake I traded this share and sold out weeks ago on the spike up to 6.8
Just popped onto the board to see how things were going and see that WOS is still banging the same drum just has hard with Badprophet still playing the negatively biased devil’s advocate.
Got a little time to spare this morning so thought I would throw my unsolicited two pennies worth into the chat.
For the SP to continue to raise from here it’s going to need new money from new buyers, however, the traders that normally help to push the SP up have already taken their profits from Matad for this year and moved on, it’s doubtful they will be back.
Long term holders here are most likely already topped up and maxed out. That leaves a smaller proportion of potential investors left who like a little risk, however, having seen the SP not react that well to the long awaited land use permit news will they think there are better opportunities elsewhere.
As always with Petro Matad the potential is huge if everything were to go to plan but there is always the risk of further delays to permits and drills plus cash raises which holds it back.
Definitely been a great share to trade for the last several years, would be nice if this was the year it all came good for you long term guys. You deserve it.
IMHO/DYOR
You can sell millions but can't buy says it all.
Don't be fooled to sell. Hold to your shares.
RNSs rolling soon. I reckon Friday.
Hamm: "You can sell millions but can't buy says it all."
You know that is absolute nonsense.
Some trying to talk it down to get in lower.
Just check end of day because have ALL my share & will not let ANY go.
Same thing people say they have lots if share but do not want me to post. Other do not look at investment but use emotion and say no oil or other thing.
Think everyone really know what go on with this posters lol.
I stick with post I make at 07:01 this morning. This is from RESEARCH & FACT BASE.
If you agree GOOD if no do not BUY. Simple ;)
Mr Buck say Heron AND Block XX near field operations with first PRODUCTION / REVENUE this year.
You decide if you want to believe BB experts or official company position?
Be happy with decision :)
So, if someone talks so called "street" type language or someone's uses Latin based language, then they get commented on and spoken down to ... but if someone pretends to be an Asian bird and speaks like that, that's okay as long, as they are saying what you want to hear 🤔 ?
Curiouser- really !!!!!?
WOS is not a native English speaker yet Betcha clearly adopted a condescending “ buddy buddy” tone to disparage my factual post because it didn’t suit his narrative
So you leap to a spurious comparison simply to bolster you fixation with seeing everyone on here as a tamper when they are trying to discuss they’re interpretation of a range of known facts and because they’re invested and hopeful of the prospects for the company.
Lot of talk of language use which is useless for real investment discussion.
MATD INVESTMENT DERISKED WITH SPECIAL CERTIFICATION LAND USE BY CABINET
I will repeat this again & again because is key point for investor to understand.
Completing registration paperwork is formality as RNS state & "in PARALLEL, we are ALREADY in discussion with service providers to determine a timeframe in which crews & equipment can be available for the completion for production of the Heron 1 well". (RNS 6 July 2023)
Remember see RNS & Interview to know equipment procured, paid for & in country already.
Think some people turn up on BB to disrupt & start argument. We all see this. Maybe they think can influence big price move like BEFORE land access issue resolution? But we see how STRONG BUYING come in on any dip with only small price moves now.
Lot of people getting little bit more aware of ALL NEWSFLOW & DERISKED stock from Land Access permission now given.
Can see clearly all major newsflow DQE DEAL, OPERATION UPDATE & START, NEW BLOCK ANNOUNCEMENT, RENEWABLE CONTRACT all at final stage for release in Q3 2023. When will first one be? This week? Next week? We know how fast this move & what multiple upsides to expect.
Sometime is time to stop looking for scraps lol but sometimes mouse is always mouse ;)
Big investor will start to come on & already we see some sign if this with large holder information. This will surely increase imo.
In meantime Investor wait (but not for long I think), MATD major derisk have happen with Cabinet aporoval Special Certification, Company announce soon RNS Heron/Block XX work program and all other development to take company into PRODUCER / REVENUE GENERATION.
In meantime little mice will play on BB and Nubble little bit of cheese ;)
*If anyone do not like my post please put infi yourself or BLOCK. Do not just complain & co mplain like baby with full diaper even if mouse diaper very small lol
Be Happy & professional in investment analysis :)
The trend is still very much north bound still, very nice bounce off 5p resistance and it’s not going take much for this to move quickly to the 6/7p area gla
To be honest Asher... I'm surprised we are not north of 7p right now.. happy to wait though no selling or top slicing for me.
All those on this ride should see the SP creeping northwards in the next week or so. The RNS should be on the cards and to be fair MB and his BOD have been proactive from what we can see. Good luck to all holders and with a bit of patience we will get there.
Prepare for MULTIPLE RNSs and major price RE-RATE for Petro Matad shortly!
This message is simple & those who have done even basic research will understand.
Seperately will bring up certain point in news for ones who look to £1Billion+ mkt cap development
Mongolia economy expect to grow 7.2% this year & 7.5% next year (Interview post today with Regional MD European Bank for Reconstruction & Development, Central Asia & Mongolia).
She talk about major growth in region, strong push by Govt with law change and less permitting / licencing procedure to help foreign investment.
Also what I keep saying about Renewables and how Energy EXPORT to China possible with just 1,2 or 3 GW of renewable. Bank already give $130 Million loan dusburse for Renewable.
Cabinet Meeting yesterday talk about preparing for "Mongolia - China Expo" event and already mention Prime Minister & Foreign Minister meeting few week ago with talk of China infrastructure investment into Mongolia Renewable. Also we know we expect Project News / potential Near term Revenue for Petro Matad from Renewable.
I will say again expect either very near term offer for Petro Matad takeover (if no restriction make possible) or rapid development into public listed Quasi National Multi Facet Energy Company.
Either way massive shareholder value increase. Petrovis is not charity ;)
Focus on Heron / Block XX extension joint development still. For this ALL multiple news like I say in 1st sentence.
PREPARE for MULTIPLE RNSs and MAJOR PRICE RE-RATE for PETRO MATAD SHORTLY!
Hold share or not up to you.
It's only WOS's ramping that's keep the SP at this high level! LOL
Thanks WOS - some of us appreciate your research - call it ramping or not - it's up to us as individuals to decide and act accordingly - rather than spouting rubbish on BB's - jog on BP pls.
Why does WOS posts matter to you BP or can't you answer that ?
Why do MY posts matter to you Dozy - or can't you answer that!
WoS has spoken to the congregation pure Narc. Drop the pigeon English too it don't wash with anyone