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According to PETEX conference in Nov 2016, there is an estimated 90 Billion barrels of STOIP across Mongolia.
Recoverable rates:
@ 10% rate = 9 billion barrels
@ 25% rate = 22.5 billion barrels
Chinese basins around Mongolia have discovered many "Multi-billion" barrel producing Oil fields.
Mongolia been largely untapped. Lot of Oil still to be discovered which exists but NOT been explored aggressively in past 20 years. With all Central Govt mandates and initiatives, we about to swith gears
New Licence Blocks bidding round:
- Phase 1 results due anyday.
- Phase 2 and 3 to come later in the year.
Block V
Massive Velociraptor-1 spud coming up also with 200 MMBO recoverable and 380 MMBO recoverable from raptors combined.
Block V has the 2nd working petroleum system in Mongolia as confirmed by previous Oil shows in Snow Leopard except that Oil seemed to have migrated towards the raptors.
This looks very similar story to what happened in Block XX, when they first spud in 2010 and had oil shows but missed the sweet spot. Back then they did not do follow-up testing. Heron-1 was sitting just next door when they discovered one of the best light Oil ever found in Mongolia which flowed at 800 bopd naturally to surface.
Velociraptor-1 could be a repeat success story same as Heron-1 and Gazelle-1 Oil discoveries and be around 6-7 times bigger.
Lots of untapped Oil to come through and to feed that new Oil refinery.
Mr Doc you think thing have not change since Dec? Am not surprise mr Hamm have become LONG on MATD investment now.
MATD have all piece come together and now confirm DQE deal agree in all term and now with Head Office in China. Think this RNS come with or straight after LP RNS
Mining Minister confirm MÀTD will get LP
LP now in hand if Mining Minusyry direct and not Local Govt approval
Velocirapror drill confirm
Renewable JV and all fully funded / permit
New Block
Not surprise mr Hamm become bull. Sensible investor decision I think
Does not switch with all new I formation like person who already have been expose for doing this like you mr Doc. Talk share down while you BUY more like you admit
This is problem people have with you. Not your trading but sneaky posting while you BUY ;)
Be happy but look at investment & decide for self :)
BREAKOUT just start for all sensible reason given & this what investor should see.
Not post by trader who often try to mislead fir selfish reason ;)
Happy I already hold & understand stock well :)
WOS, a bit of friendly advice. Don't lose your dignity arguing with idiots.
Thank you mr BarclayShare good advice. But I see sneaky ones who try to mislead BB & do not like this.
But you are right & good advice
Happy & thank you :)
Mongolia one if few place in world with ONSHORE potential.mumti billion bbl oil reerve assets.
Petro Matad are at front of foreign exploration company & now move to production in 2023 to fund majir fast expansion with DQE and JV deal which is option for New Block (which Petro Matad help organize lol).
Do not even mention Renewable and all grant for this & energy hungry China export market.
Can people begin to see ;)
Wiseowl you are the loneranger in this board, great informative posts non stop, some info we all need reminding especially newbies could learn faster from you, thank you for your efforts
Another bit of friendly advice to WOS: Maybe limit yourself to 5 posts per day, making it really quality information in each.
40+ posts, 4 hours into the trading day, on a day where there's no official news or meaningful SP activity is excessive to say the least. Any news or research you do post is buried amongst so much rubbish that it gets lost.
LESS IS MORE.
"Mongolia is one of the LAST onshore frontiers where MULTIBILLION barrels of oil can still be discovered and produced" - Bataa Tumut-Ochir (former Wolf Management CEO).
Think Takeover offer for Petro Matad will come quickly after LP & production start but this is different topic :)
Last post give I formation source of post at 12:23 about Onshore potential :)
PetroMatad in my view will one day become Mongolia's National Oil Company (NOC).
just watch where this goes in next 6-12 months and coming years.
Imnotrich... what a Boot licker you are !!!
WOS is a paid ramper with a script. Thank his script writer.
Wigster - 44 posts to be specific!
A shocking indictment of the human race that so many on here blindly support him because he shouts "BUY BUY BUY!"
This make sense mr Positive with fast expansion of company with new block & renewable sector which feed to Govt green agenda sir.
Petrovis Mongolian biggest share holder & close work if company with MMHI Mining Ministry.
Other way to see is Petro China / DQE bid
Will see but offer price must be very good one for shareholder & with oil price set for rise.
Other thing I see is Polish state visit and talk about co-ooeration with MOU in Geology (oil), Minjng & Transport.
Think of PGNiG (Polish Oil and Gas Company) and exploration in Mongolia with new blocks??
Happy I hold MATD & see how develop :)
Maybe some useful informatio mr sneaky Doc if you open eye ;)
//A shocking indictment of the human race that so many on here blindly support him because he shouts "BUY BUY BUY!"//
Doc - a number on here have already made it clear that they just want this pumped to 12-15p so that they can sell. That's why they support him.
If you are investors and if his ramping works why aren't you happy?
If ramping doesn't work then why are you bothered?
The fact is he is much knowledgeable than you guys.
Nothing to do with information?
I even provide information to you mr sneaky Curiouser so that you do not post false things about MATD need Great Khural vote.
Glad WiseOwl could help you with CORRECT information ;)
Be Happy but correct :)
One thing is clear asa LP drops the lot of you will disappear.
Doc, you sold too soon, but it isn't too late. Buy back you will be happier!
WiseOwl
Petrochina will always have the option to make a bid to buy out Block XX. That will be their call only if price is right. Think they also know deep down there is a lot more Oil at Heron and Gazelle on our side of the fence.
You simply cannot have over +2 billions barrels in Petrochina blocks 19 and 21 on one hand and have only circa 200 Mmbo at Heron. Think combined estimates for Heron and Gazelle are c. 500Mbo.
Think it could be lot more than 500 mmbo.
Hamm... cos that is like saying "what does it matter if someone mugs an old lady and knocks her unconscious as you can also rifle through her handbag".
Truth is none of you short term rampers give a flying fajita about the long term prospects of the company.
Pretty sure I’ve seen posts here discussing short term and long term prospects of the company.
WOS, Hamm, Me positive have you any thoughts on the long term prospects on the company and eventual SP?
ID78
Will get back to you on this. Need to look it up.
But from Company presentations NPV10 figures for Block V are over US$2 billion.
With circa 1.1 billion total shares that would equate to approx US$2 a share.
We might have to do separate Valuations for Block V and Block XX.
Thanks MR P.
Also thanks curiouser for focusing our minds on the long term potential of MATAD and not just the short term potential.