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Sorry big fingers.
I meant
I read an article recently saying refinery will be finished at the end of 2022
I'm sure u read an article that ot will be ready end of 2022
I thought it was 2024 but wouldn't be surprised if it's later.
Does anyone have an update on the completion of the refinery?
All I can come up with is this..
https://www.mongoliaweekly.org/amp/india-pressures-mongolia-to-complete-oil-pipeline-on-time
We need to get these other wells drilled so they have feed stock.
The way things are going, the refinery will be completed before we can supply it!!!
GLA
Hi Gold Mine.
It may be in a different part of Mongolia but the challenges would be the same. My point is it’s how you manage the challenges.
If successful the result is your social license to operate is not affected.
Bowley... The project you linked too looks to be in a completely different part of Mongolia, almost the southern most part?
https://i0.wp.com/tmkenergy.com.au/wp-content/uploads/2022/02/Fig.1_General-Location-Plan_Feb_2022_Gurvantes-XXXV.jpg?resize=1536%2C1040&ssl=1
Different location, different industry, different governor + local council, and different set of problems...
Can I suggest this is what we should expect and should be receiving from our management team.
https://tmkenergy.com.au/wp-content/uploads/2022/05/02515623.pdf
These guys certainly seem to have their house in order.
If only their older and supposedly wiser cousin, Matad were as engaging.
I expect any RNS from MATD to be a nasty surprise as always.
CEO has been on holiday for the last 3 years!
No local permit yet!
No schedule of work yet!
Always cagey!
Nasty Bergen deal!
Nasty placing!
What else do you expect from them?
Always talk talk.
Guys,
Jimi
I found your research both factual and helpful.
Many will not understand the importance of how licenses are granted, the stakeholders you have to satisfy and the continued engagement required.
With the drilling season beginning late March one may of hoped Matad were fully engaged the beginning of January this year to ensure what is a fluid process remains well managed. They may well of done this and all may be fine. However the timing of last weeks events suggest otherwise.
What I find slightly disconcerting is our ASX cousins are already into their drilling programs this year without local protestors or ESG problems.
Let’s hope Matad post a positive RNS in the next few days.
Finished at 4.10p.
No RNS and 4.05p support held so a storm in a teacup?
Hopefully we get an operational update soon. GLA
Would appear that I've upset the governors, all the posts barring two or three have been removed, can't have fit in with the technical and analytical scope, oh well back to work. GLA
I don't know why people are selling at this crucial stage.
We only share information on here good or bad to keep everyone in the loop.
MATD Has had land issue since 2019 but still the share price went to 9p last year with no funding.
We have funding and drilling season weeks or months away. Price is holding well .
Little more patients and pressure on the management and this should be a winner.
Imagine 1 well producing 15-20mill a year where will the SP be..
Also I can't see the government letting Matd down. They want more exploration companies to come and make them money.
If they let matd down no one will ever be investing in Mongolia.
All metal and energy prices at all time high and Mongolia has the biggest consumer next door.
The Environmentalists can moan all they want but they are not going to drive away a multimillion dollar companies from Mongolia and hurt the Mongolian government.
Some of us have been here for years and this is the time to hold and gain the fruits of our patients within these few months.
Environmentalists have been at it for past few years, yet Petrochina been producing 18000 bood for many years.
Mongolian Govt still on track for their major domestic Oil refinery to ensure the railway line is in place to transport crude oil from Heron and Petrochina blocks.
These protests are NOT show stoppers. Local Governors getting stick from the "Central Govt" to tie up all lose ends before real transformation begins.
We all been waiting for this transformation for many years and are in this together. Just need to be careful and not to over induldge and over emphasise facebook posts. Only take guidance from "Official RNS". People will always have different interpretations.
Just checked and no response either
No nothing from the company as of yet.
Anyone had any luck with emails
Best news of the day!!!!
Looks like Hamm has sold up. Onwards and upwards :-)
"Petro Matad have the permitting in place for the upcoming workover as part of the EXPLOITATION License "
If that's true then why do they say in their presentation that they will need approval from the government for the 2022 work programme, which includes the work over of the existing well?
https://youtu.be/0covqU8EQYY?t=1210
Completely agree terrier, keen for 3p to buy back in again.
I’m not sure they are going to see 3p, but they are working hard for it.
ID78 Correct, all the other rhetoric is just for traders to move in again.
Expect mid 4's by midweek.
GLE
Support is at 4.05 so let’s see where the SP finishes today….
I’m relaxed too, Fred, no RNS so whatever was reported on Friday is not a showstopper, it is not significant. They are legally obliged to communicate any such development.
The reason MATD has not started the workover yet - as has been communicated my MB - is the team contracted has a full order book and we are waiting our slot. This is the reason given by MB any other reason given on this board is just not correct.
Too difficult to sell now. No price. Not even for 1000 shares.
Looks like 3p sooner than later!
Think in this market/world situation peeps are more looking for reasons to sell than to buy hence todays drop.