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To provide a baseline context for the 20-50p+ expectations leading through Q1/Q2 2023.
We need to remember that the Exploitation License includes the entire extension into Block XX of the proven & producing Toson Uul Basin, with an estimated 2 Billion bbl oil in place in the PC operated Block XXI & XIX, adjacent to the significantly larger Block XX.
It enables Petro Matad to continue to increase the proven reserves within the area in addition to the existent potential in the Heron structure.
MATD can go it alone with expansion / development funded from production revenue, as stated by the company.
However the DQE partnership would majorly accelerate scalability/ revenue generation and the upside progression of the share price within a significantly more condensed timeframe.
The upside metrics here are excellent, timeframes condensed, risk profile robust & scaleability clearly defined with a partner already working with Petro Matad.
We should receive the LP Special Designation any day now, as Mike Buck stated and the major re-rate as we move into the 20-50p+ price levels.
As always, research this independently and all becomes abundantly clear.
Regards
This ISN'T the Re-rate but just the share price only just starting to attract wider interest and given its exceptional upside v risk profile.
As we're aware, the company have spoken durectly to the Minister of Mines and we can expect the Special Designation LP within the next approx 20 working days.
It could be released tomorrow or any time within that period.
That's when we'll see an IMMEDIATE & SIGNIFICANT Re-rate and well beyond current price levels.
As the header states and as we've seen with aggresive price moves in the past with MATD.
The LP and near term operational advancement should help support & build upon said re-rate.
Regards
// just starting to attract wider interest and given its exceptional upside v risk profile.//
Fair Analyst lives & breathes! (in spirit anyway)
Just to be clear and referring again to what's been officially stated.
Petro Matad DO NOT need local permission re: land access.
They are overriding any local permissions via the Special Designation LP, which has been cleared by MRPAM and has been stated by the Mining Minister, will be issued within the next 20 working days, on the timeline referenced.
A Special Designation doesnt require a change in law, although that's a seperate line that's progressing to circumvent future such issues for other companies also.
The land access issue originated with a change in law in 2017, with the GoM initially asking Petro Matad to effectively 'sort it out at a local level'.
That's been seen to be non productive and why we now have direct intervention by the Minister of Mines.
Mike Buck, whose in constant comms with all relevant departments / personnel expects it to e issued 'any day now' and within the 20 working days referenced- it could quite literally be tomorrow.
In the meantime we're well funded, have all permits & equipment in place for the upcoming Velociraptor drill and have imminant RNSs due on several other news fronts.
It's actually good to see some intraday consolidation and which will support a solid platform for the next pronounced push upwards on the above very near term news developments / expectations.
Regards
I also would like to know the same, just listened to the presentation again and all that has been referenced is from October but 1 to 3 months so I think elaborating on dates is 20 days is a bit misleading??
88EE
It's in the latest presentation with the new Mininig Minister stating he's well aware of the problem and giving that to.eline for it to be fixed and the LP granted.
That should be at any time now within the next 20 working days, along with the other Newsflow expected near term.
Regards
But
Jim, you may need to improve your reading comprehension! Sometimes you need to read between the lines.
Go and watch/listen again.
Guys any short stop is an opportunity to take.
Long and strong
PV is just making it up - like FA used to do.
Don't think my comprehension needs improvement but I do like to try stay with facts and fact is it doesn't state within the next 20 days as it's not set in stone let's hope it's not a repeat of last year, but just for the record I'm looking forward to PM doing really well especially so if Velociraptor gets drilled real soon. GLA
The timeframe within 'the next 20 working days' effectively equates to the time period stated by the Minister of Mines.
It's completely accurate referencing said timeframe given by Mije Buck in the presentation and I expect that RNS droppong between now and then.
Regarding thecdownturn, shares dont go up in a straight line but experience periods of healthy co consolidation.
I fully expect this to co ti ue its trajectory upwards, based on solid & imminent Newsflow expectations
Regards
20 days definitely not mentioned - just 1 to 3 months from a meeting in October, so whenever that meeting was - say 31st Oct - say 3 months - end of Jan or anytime in between. As previously mentioned Autumn Parliamentary Session closed last year mid Jan, end of Jan the previous year, so I would presume, I could be wrong, but needs to go through the cabinet to get it passed so by end of Jan.
88E
No problems at all and the post stated 20 'working days'.
Its important to acknowledge that the timeline is inferred from the statement from the actual Minister of Mines and not some junior beauracrat.
MRPAM have already sanctioned the Special Designation LP, so we can look to.it as a very reliable timeframe aforesaid LP issuance.
And of course we have the other Newsflow & build up to Block V, which is ready to go.
Regards.
Wouldnt surprise me if PV is FA
//Wouldnt surprise me if PV is FA//
Certainly the style, content & length of posts is very reminiscent. Another paid ramper?
Horsers Badprophet who really gives a sh*t who PV is - look at your own continual negative posts first. So it's okay for you to continually post negative with your own agendas but it's not okay for someone else to post opposite to you with their agenda. Jeeze some people !!!
And before you say it yes I can filter you both but you can also filter PV - works both ways.
Dozzy - anyone can post whatever they like/think. That's the nature of boards such as this.
//who really gives a sh*t who PV is //
I do if he/she is being paid to disseminate erroneous predictions.
100 + trades and 50 chat comments shows that there are lots of interests here.
Guys, everything is good. The last piece of puzzle is LP. Asa LP landed the share price will fly.
Meantime share price will be appreciated, it might be slowly but surely.
Badprophet isnt concerned about pv. Hes just worried that if the shares go up, he will lose money from his deramping paid posts ;)
Riding two horses at once (Hamm) - To do (or attempt to do) two or more things simultaneously, often when those things conflict or are at odds with one another.
// he will lose money from his deramping paid posts//
PMSL - who in their right mind would pay me a red cent!
Poole you can't possibly assume badprophet is being paid to be negative and deramp, but of course badprophet can assume PV is being positive and paid to ramp
Can't make it up with these people ??
I think it is now dawning on people that the last rns was actually smoke and mirrors, government working in LP after local government rejected it, well that was known already… discussions ongoing with DQE… yes they have been ongoing all year…. Just like Mike said a year ago that the LP would be resolved on 2022… I don’t think anything will change in 2023, more false promises and less money in the bank, if Mike had any sense he would raise money now above 2p before the price falls back sub 2p