The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Unless MB has different plans or knows something different this i see as being another long wait. The MG is very reluctant to overrule the local people and local government and it is going to take a long term for the MG to renegotiate the deal with PC and demonstrate results to the people. The only hope is that the MG convince the Local Govt and people that they are acting and persuade them to change. I fear nothing this year.
After 4 years waiting for LP it is too late now for MG starts 'persuading' the locals!
It is now time to make the situation right for MATD shareholders by granting the explotation permit.
Matd shareholders have been suffering enough and it is not fair to be punished for somebody else mistakes!
MATD should not start any more exploration drilling before LP granted regardless loosing the license or not.
MATD should hold its ground firmly to be able to get its license for explanation.
Yes exactly what I was trying to say researchandhold lol
Dozzwaba- re-reading that post , maybe I’ve just said what you said but slightly differently!!!! Lol !
Dozzwaba- isn’t it just a case of :- Central Government trying to redress the imbalance as seen by the locals and before they grant another oil company any rights they need to be seen to have put the offending existing oil company on a better footing with the locals . Once that is seen to be done overriding the locals permit is still there but cajoling them to grant it themselves should be more palatable.!?
Very good article and why everything moving to Mongol govt ready to give LP any day now I think
Mr Mike Buck right when he say have discussion with Mining minister who promise LP in 1-3 month
Maybe timing little bit out but everything look like it all getting ready for issue
Any day now & will be very happy :)
So mr Doc now you say all POSITIVE thing about MATD investment but admit you need to be cry baby to feel good lol
I do not loo at investment this way. I see company have new fund & operation rest for 2023
Do not need to come in BB and scream like child. I am investor. Just look at what happening with company now & what I think hapoen for price
Go to mother & get hug if you cannot control emotion in life lol
Very good time for company & all holder now
Be happy :(
That is actually very positive development. Petro China have for many years taken the Oil from Block 19 and 21 on very favourable terms but not looked after the locals the way they should have. Amendment to PSC is not a surprise to get more money distributed for locals.
Petro Matad on the other hand have been more engaging with locals. Think they setting the stage for Land permits to be sorted urgently if you read between the lines. Anytime now...
UNwiseowl AKA PT, Magnus49 etc, to answer your question why am I silly and buy more?
1. I bought more following MB’s subsequently found out misleading presentation.
2. I am still hopeful despite us all being misled, but cautious, and didn’t want to be diluted on the raise.
3. I thought if I can buy in on the retail offer at 2.5p I could make some short term profit even if I didn’t want to hold long term.
4. The risk/reward ratio is still worth the punt.
5. I still just about go along with the logic that the MG would be mad not to approve the LP because it would put off any potential future international investors.
Want more?
Regardless, an investor can still have concerns about a stock they hold and want to hold management to account. Only a silly blind owl wouldn’t want management challenged on how they are running their company or have the blinkers on and say buy buy buy, guaranteed guaranteed guaranteed!
How you get so many likes on your posts is honeslty beyond my comprehension. You must be using your own multiple accounts because I can’t believe anyone on here truly believes your BS!
Just a thought I'm wondering whether the government don't want to be the one to overrule the local government and people in granting the land permit as it sets a precedent. With the meeting this weekend, sorting out the PC issue, are the Central government being friendly, cajoling and persuading the local government and people and saying come on we are sorting PC issue so you can now grant the land permit and work with PM - might be wrong but wouldn't be surprised
To anyone not using FB below is the relevent stuff
Can't believe they didn't discuss PM in this
? Deputy Prime Minister of Mongolia, Head of the State Special Commission S. Governor of Amarsaikhand province M. Badamsuren addressed the following problems in the locality.
1. Amendments to the Production Sharing Agreement signed between the Government of Mongolia and Petro China Dachin Tamsag LLC to increase the profit for Mongolia, increase the return to the local people, the economy, and the budget
I've just been listening to something of the same nature in the last LSE presentation so it does tie up with what both MG and MB are saying and it appears it all relates back to PC. Thanx for posting Dozzawba . GLA
Interesting post.om the Dornod local government post. Prime Minister there this weekend - section 1 is interesting
https://www.facebook.com/1427449277467269/posts/pfbid0FSddE1UiTJKgvRq4dVrpmyyZ7yissjyTjHbE5XQ45qAPkKmHG5cQ8mT2iNqgojDtl/
Cry cry crybaby mr Doc ;)
You say Mongol govt deliberately stop LP or maybe have delay because of system?
Who is sillly person who buy even more share if they think Mongol govt deliberately stop LP. Ah this person is you lol
Think you very confuse mr Doc or maybe very sneaky ;)
Maybe you want even more share like last time you fill pants on BB but then buy more lol
Very sneaky Doc but like mr Maestro say MUST drill Velocirapror this year & have all licence permit & funding to make this almost 100%
If not maybe you are zombie infectiing thing ;)
Badprophet
If you read the decree that was posted on this thread last week you will know that on 31st dec ministry of mining took full control of land permits etc etc
So once land permits come in which is imminent we can talk about that.
Velociraptor will be drilled in h1 2023..
Unwiseowl AKA PhillipTan and LSE shyster and general bad piece of work Magnus_49 - if everyone can do their own research then WTF are you doing here with your relentless, inane nonsense?
Hopefully the odds are in our favour (but don’t use guaranteed or 99.5%) with Velociraptor and drilling this year (don’t forget, the MG are happy for us to find it but not to get it out of the ground and make money) but LP on Heron which is still by far and away the most important thing for MATD is not by any means certain.
Maestro - will you also eat your hat if they don't sell any Heron oil in 2023? Just askin'
Doc83
I will eat my hat if they dont velociraptor this year.
Save this post..
WiseOwlSpeaks
Yes this is what i meant and my previous post do confirm why they will drill in block V in first half of 2023. UNLESS WE GET ANOTHER COVID LOCKDOWN...
All permits are in place, they have to drill In first half else if they dont they wont have time to apply for exploitation license should they strike..
No one is child here mr Doc and if they do research will know why mr Maestro write this. Do not need someone all the time to say please hold my hand & no one will buy just because mr Maestro say this or should not invest so please grow up sir ;)
Mr Maestro mean have licence & permit & all fund & have time limit for drill so must be this year.
If something like COVID hapoen again or uu be one zombie like in film I am legend and infect world then will not happen
But understand for intelligent people is okay to hear 100% because they are not children & do not need someone to say 99.5% instead of 100%
Maybe better you find other way to invest & sell aim stock if you do not understand this sir & always are cry baby ;)
All understand how investing work & can read RNS & do research
Be happy :)
From the slide shared on Twitter link Friday, you can see all the Chinese basins in Green showing around 101 Billion barrels recoverable.
Mongolia got lots of catching up to do.
Petro Matad is at the forefront with Velociraptor-1 drill to kickstart things while they also cash in their Heron discovery and production ramp up from Heron 1 / 2 / 3.
maestro - Dangerous wording. I’m sure even LTHs will tell you nothing is guaranteed with MATD.
Ibiza
Update will come, it usually comes before agm but if it doesnt you can still get updated at agm.
Whats positive is that Buck is in Mongolia so he wants things done. Velociraptor will likely be drilled q2, heron awaiting permits and when received will goto rig operator.
Theres your update. Drilling will happen on 2023 that is guaranteed 100%.
UWOS - just remember when criticising horsesar5e that if no RNS arrives pre AGM, then you need to Foxtrot Oscar.
"Potentially generated hydrocarbons using the play and basin analysis method on the 6 high-graded key basins is estimated to be circa 90 billion barrels of oil in the Upper Jurassic-Lower Cretaceous play, which is the proven and producing petroleum system in Mongolia. The volume of potentially trapped oil ranges from 9 to 23 billion barrels of Stock Oil Initially in Place (STOIIP), assuming trapping efficiencies of 10% to 25%. Further upside potential exists in the deeper Permian-Jurassic play, which is analogous to the prolific systems in the western Chinese basins. The remaining six other sub-basins and other areas with limited data coverage will be the focus of future new seismic acquisition to determine their prospectivity potential."
Above is from Nov 2016 PETEX presentation.
Taats and Tugrug in Block V are 2 of those 6 basins.
You can see the massive Upside here and why many folks want to hold or Buy in.