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Tmk energy are starting their drilling programme in April . Preparation is already being made, and they are using a Canadian drilling company.
Must the same company that PM are usning.
So everything is kicking off in Q2.
“Operations for the upcoming Pilot Well Program are in full swing with construction of the camp
well underway and long lead items and equipment being delivered to site in preparation for
the commencement of drilling in early April.
We are currently in advanced discussions with the local mining operator on how to utilise the
valuable resources of produced gas and water from the Pilot Well Program and we aim to
formalise this shortly.
As we look forward and the project advances, we have also commenced feasibility studies on
power generation to meet the immediate power needs in the local area which is up to 70MW,
as well as other early commercialisation projects such as CNG and mini LNG options.
We continue to engage with PetroChina and other interested parties that recognise the
enormous potential of the Gurvantes XXXV Project and develop these relationships as we
progress though key milestones for the Project.”
For personal use only
Figure 1 - Exploration Camp for Pilot Well Program Under Construction
In a way Petro Matad is a bit of a lightweight stock.
It's funded by endless funding rounds and generates no icome to pay the bills.
It exists on hope and expectation, as such it'll always swing a bit with the prevailing mood on the day.
Once there's a Velociraptor drill date or Land Permit this will change.
Once oil is being produced and sold to bolster the balance sheet it'll be a completely different Kettle of fish.
Looks like the markets are recovering
This share does my head in it's up and down more than a professional persons underwear, see how politically correct I am lol. Wouldn't be surprised to see it finnish the day blue to be honest bit of a roller coaster ride. With all the news expected in the coming weeks and months I can only see good times ahead for PM just a bit of patience needed GLA
Buying opportunity is way I see it as well mr Asher with market recovery next week + RNSs anticipation from MATD
Mr Master think we all know & indication already given from other thing and even mr Mike Buck that all will sort at Local level so expect this news of LP next week :)
It’s a bit concerning… Jitters over health of US banks spark global stock market sell-off
Buy the drop a very good opportunity here at this price.
Stock market will have a quick recovery mon/Tuesday also news due, topped up anyway gla
The way its looking is that the local council has had a meeting amongst themselves, and next week, they are inviting the public to get their opinion.
Tree shake? I don’t think so… Stock markets dropping
Just end of week profit taking.
It will turn again.
GLE
Local meeting arranged for public on the 17th at 11am.
Its a small community so PM will definitely be discussed.
The 17th Lunar Lunar New Year meeting of the Year of the Rabbit, called Showman, will be held on March 17 at 11:00 a.m. at the Eastern Protection Administration on the eastern side of Towang, so natives of Khentii Province in Dornod Province are invited to attend. Local Council
This is fair point sir but news will be out on day with official RNS next day I think. But think clever one will buy before official decision or information because of how difficult to get MÀTD share. This is why I am comfortable & other holder who just sit back now :)
New licence was 60 day MAXIMUM tender close from 19 Dec 2022 so winning bid must be know by now & mr Buck say processing will be very fast. This RNS I expect any day
Velocirapror spud date confirming RNS also any day and mr Buck say as soon as Q1
World market not good & why we see this drop on all share but then next few day all recover & people BUY back
With all news & expectation here will see how easy & what price people buy back ;)
Meetingbwith local representatives
? THE 15TH REGULAR MEETING OF THE PROVINCIAL CITIZENS' REPRESENTATIVES MEETING IS HELD
The regular 15th session of the provincial assembly began on March 6, 2023 at 9:00 a.m. with 74.2 percent attendance.
At today's meeting:
1. Establishing salary standards for executive management and other employees of locally owned legal entities
2. Amendments to the provincial budget for 2023.
3. Amendments to the rules of the "Choisalan Development" National Development Agency.
4. Approval of the "Open Eastern Province" program to support citizens, businesses and organizations moving from Ulaanbaatar to the local area.
5. Local property issues:
5.1 About deeding of property / Budgetary organization/
5.2 Transfer of property between organizations
5.3 About taking property as income and recording it in the account
5.4 Transfer of building /"Small and Medium Enterprise Support Center"/
5.5 Transfer of Assets
5.6 On support for building transfer proposals
5.7. About managing property relations.
6. About voting. /Department of Minerals and Oil, 10/2022/ 5481 will be discussed separately.
A fair point about the Local meeting next week.
Perhaps a reason not to expect an RNS until after this?
At least as regards the Heron Land Permit.
Good point mr Thornogasson & say Monday is like sticking pin in mr Horsers bottom like game we play as children lol
But point is this
LP not only news due and have mention other RNSs & why. Also like mr Master provide link is local meeting NEXT WEEK & all point to clearance for LP at local level now sir
Think all can see why very reasonable to expect RNS on all different things any day now with LP next week with Meeting
Just happy to already hold my share for very hard price jump I expect next week :)
I agree Monday is just sticking a pin in a diary.
The Land Permit has been due for years and we've been told it's coming etc etc yet it never does.
So it's not without risk.
That said the Mongolian Government has changed the law and meetings are happening at a local level.
They're busy trying to promote the oil and mining sector to attract overseas investors.
They'll know that another year of Petro Matad inactivity won't be the sort of advert that they want.
I think this year is the year.
But perhaps not this Monday.
Answer is in getting off bottom anddo research on interview so know what expected in Q1/Q2, when was new licence tender deadline & rapid decision for this & local meeting next week that mr Master kindly provide link to.
Now get off bottom sir & do rradi g / listening lol
Be happy while doing this :)
The LP is over a year later . What makes this Monday any different . It's just wishful thinking
I must admit.. The general markets don’t look good today
Everyone have seen how difficult is it to BUY BACK stock and RNSs Q1 looking for Velocirapror spud date & new licence news.
This very good chance of Monday or next week so this is why holder comfortable & no stress about other things :)
Well if somethings overdue (like the LP)i take it as it could arrive anytime now...even Monday. Not saying it definitely will but it certainly could.
USA down... Asia down... Europe expected to follow so who knows... but im in here and sitting back waiting. Good day to all.
It would be back to back news when it comes. Demand is very high here as I said I could get 950k quote to sell each time I tried, but difficult to get price when attempting to buy even for small number! That showes massive demand.
//What makes you believe news will be dropping on Monday ?//
Well for one thing WOS keeps saying there will be an RNS "any day".
The big hit on shares is due to the problems (going bust?) of Silicon Valley Bank in the USA.
Look at header & listen to interview with mr Mike Buck. Then you will understand why can expect RNS any time now and on different thing :)
What makes you believe news will be dropping on Monday ?