The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Petro Matad are the AIM-listed Mongolian oil developer/explorer whose flagship development is the Heron 1 oil field in Eastern Mongolia, with future production and development opportunities elsewhere in Mongolia. Heron 1 contains up to 200 million barrels of oil with a 30%+ recovery rate in Block XX in the far eastern part of the country near the Chinese border.
minimum 30% of 200m is 60m barrels of oil x $80=$42b!
Ask yourself what would be the real value of the share price? 10x higher of the share price?
or perhaps more? Is it not the share price too cheap?
Enjoy the climb,
Doc83 - why would MB repeat that in an investor interview and risk sullying his reputation and that of the company and incur the displeasure of the Minister of Mining if the Mof M did not say " ..within 1 -3 months .." back in October.
Dozzawba - that’s the only thing I can think of. But that’s anything but a promise.
Hamm - can you confirm?
Think it's been taken from MB interview with LSE when MB said that the MOM told him in October the LP would be granted within 1 to 3 months.
Doc it would appear that you are not going to get an answer. I too, would have liked to have known where that was stated. Gla.
Guys you should appreciated how lucky you are to come across MATD.
It is simply a gold mine. Life changing. Re rate soon. 10 bagger from here? will be find out soon.
Enjoy the boom,
14 well programme can be paid in 1 year if heron is online this summer.
14 Wells can produce more than 100mil a year.
Even if block 5 is a duster just block 20 will transform the company
That is a short pause opportunity for new comers and a good support for the next stop. Hopefully 6p in the next push.
Relax and enjoy the climb,
Was thinking exactly the same. It happens quite often with this share for some reason ...
Its strange that twice as many buys as sells, but we are nearly 7% down today
Master82 - genuinely just wanted to read or listen to this “promise” by MOM that we’ll get the LP.
Do you know where I can find it?
I suspect there is ...!
Doc
Do you have a reason why mpram won't give PM the LP.
They gave the EL .
Plus if they don't no foreign company would ever put foot in Mongolia.
Hamm: “Ministry of mine has already promised to grant LP. ”
Can you point me to where the MOM have categorically promised this?
Patshare - c.10% down from the high so PME triggered perhaps. Nothing to see here as far as I’m concerned. Just AIM volatility.
In anticipation of hitting 20p tomorrow.......hahahahahahahaha. :)
Why? No big movement in SP, why the PME?
This is just relation to the link in my below comment, what's this got to do with Heron LP that local chief "Mayor" has blocked? Just trying to understand where this anticipation of LP for Heron has come form? Thanks
Within the scope of the selection process approved by Government Resolution No. 243 dated August 8, 2018, within the scope of the special exploration license area, approved by Order No. A/67 dated April 12, 2022 of the Minister of Mining and Heavy Industry, October 28, 2022 According to the "Licensing Selection Procedure" as amended by Order No. A/275 of announced a selection process for licensing. Of these, 50 (64-1, 64-2) plots have been evaluated for price and technical proposals. 25 (64-3) fields are open for bids and evaluation of technical proposals is underway.
Department of Minerals and Petroleum
So these block announcements are being released......im not so sure this is related to the LP?
mrpam-gov-mn.translate.goog/news/2447/?_x_tr_sl=mn&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
Could any confirm? Thanks
Tomorrow mpram will release the results for the new blocks . .
PV (not JV) tho' a JV might be welcome!
JV seems to be absent - is Hamm his deputy? haha
I am..
Good buying Master you must be in the millions by now.