We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well let's look at it logically.
If this RNS is clearly implying that drilling has no further hurdles than this SP is way too low and the stock is undervalued .
There is a possibility that something is not crystal clear and one or more hurdles need to be overcome
GLA
If it was about logic, or justice LP would have been given years ago..... this is Mongolia
Growmorecash : which part of ;
" At a meeting of the Matad Citizens' Representatives Committee at the end of February the Company's application for land use in 2024 was approved" don't you understand ?
And we will get AGM announcement now soon. He has given people enough hope again.
Small step forward. Nothing more nothing less
Reading it again, it doesn't sound as though the governor has a leg to stand on regarding this land overlap issue- and that's on two counts ;
1) State Special Purpose Designation status overrides designation of provincial "protected areas. "
2) The Block XX PSC was signed in 2006, and the ' protected area ' was not designated as such until 2014.
Either way, the governor doesn't have a leg to stand on, and land usage has been approved by the District authorities. That governor is a total idiot.
So no doubt in my mind that operations will be going ahead when the weather permits.
Don't come here being negative Growmore. Stay positive and upbeat like elsewhere we are in.
This is positive if you believe:
1. The Local authorities will prepare and sign the paperwork quickly, and...
2. The Provincial governor won't try to block anything.
If you wanted to be really negative or cynical with your thinking, then you could say this spike is a good opportunity for MB to do a raise at a reasonable SP just in case either or both of the above points go wrong.
Well folks we have waited and waited.
A few more hours or a day or two will clarify the situation.
I see progress has been made but this doesn't somehow mean we are all ready and dressed up to start drilling .
The shows not over
Lol.
Which part of 'has engaged with' don't you understand???
They have had a word, that's all....nothing concrete. Same old Mongolia.
Yes and in the meantime the SP is going up and it has a lot further to go
Keep holding tight.
Classic drop from the MM'S in the last few weeks while those in the know filled up..
Nearly there !
Massive, massive potential.
4p smashed end of today
5p smashed next week
15p smashed next month once we go into production
We are going to be an oil producer. Let that sink in. All other sign off's will come in time....but they will come.
Yes they can do work... but not produce till all settled...lets see
Growmorecash : read it again ;
" the company has engaged with the District authorities to secure local level approval of LAND USAGE.'
Which part of LAND USAGE don't you understand ?
If you take it on a negative note all it says is:
We had another meeting
We all agreed We will sign soon.
But maybe somebody comes up with a reason not to
Nothing new?
As of right now they've been given approval to commence work on Heron 1.
I don't think that was the case earlier in the week, so in what way 'not new' Manro?
The Local appear to be 'on side' and papers are being drawn up for signatures.
Local Governor intervention might happen but Petro Matad are being 'vigilante' and are being backed by the UK Government and its representatives at the highest level.
And as we have seen previously the Legal System is more than happy to force this particular Local Governor to back off when he oversteps the mark.
Tick Tock.
Happier to be in Petro Matad then at any time for many years (except for straight after the Heron well success all those years ago).
They represent the Local Communitee
On the fb link, can someone add a comment in mongolian stating
petrovis is the main shareholder of Petro matad and is Mongolian and the oil will be used for domestic purposes at the refinery
In order to counter some of the bs and misinformation being written on that fb post?
My read on this is that Heron drilling can go ahead without that provincial governor sign off of the state special purpose land designation agreement ..
I also expect he'll be pushed into signing off soon too .. and in the interim he'll not try and block Operational progress at Heron.. which Matd.l will be bashing on with from soon forward on, whatever
ps : If this s/p can get to/stay 4p area off the back of todays RNS .. then that's a strong base for a good further rally on Provincial Governor state special purpose land sign off too ( versus an all in one go rally from 2.9 p ish today )
What's it say Master ??
"Second RNS on it way"
Why? What's it going to say that the first one hasn't?
What does this says . IS PM misleading us all.
Today, on 28-02-2024, the Matad Sum Assembly Council approved the granting of the land requested by PetroMat LLC regarding land management issues. 16 representatives participated in the meeting and 14 representatives voted in favor and 2 representatives refused. PetroMatad, a foreign-invested company registered abroad, was fully granted the right to receive the wealth of Matad‼ Mongolia‼.
Land Access has been approved...but not Land USE ! Fat lot of good that is...ya can look at it but ya can't do anything with it. Hmmm.
I maintain this is overall a negative RNS. And what best time to release one of those... Friday afternoon.
I'll be a happy man to be proven wrong.
Again, nothing new and significant except the usual empty promises. I am sure that this whole disgusting circus will not stop this year and will continue. The only thing that could really put an end to all this Mongolian clownery is to make it known to the world through the mass-media and disgrace all the organizers and its participants, starting from the company management to corrupt officials at all levels.