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Mr Thorgasson
It is estimate for 7,000 - 10,000 bbl oil per day with full Heron field develooment (source: Mr Mike Buck interview)
🦉
Header say exactly what I mean!
Mr Hamm
Just from good manner because Mrs WOS say should not post so much in new year - this give you idea on your Question & not many will see post so maybe good thing for now.
First we understand PRIORITY is Block XX DEVELOPMENT / PRODUCTION!
Now to your question -
Takeover mention by mr Mike Buck and say must be party who have logistical fit with Petro Matad.
Obvious choice Petro China - field next door, DQE (sister company) will be JV partner of Petro Matad.
Will Mongolia let them because need feedstock for refinery? Petroleum Law "stipulates that in the case of construction of a refinery, oil will be supplied as a priority". We must look into rule of ownership of end product BUT look like Mongolian Govt oil Indepence protected in this Law. Also Petro China have state they agree to this.
Strategic say Petro China WILL make takeover offer and BEFORE full value development of company thru all areas. Also fit in with Renewable JV export to China.
I will add other route and which make Takeover situation more competitive / better for MATD share holder.
Mongolian Govt Resolution No.169 of 2018 approve "State Policy on the Development of the Oil Industry" which cover Refibery, Oil production anx other.
Mongolia have no NOC (National Oil Company) and fuel crisis show how important DOMESTIC PRODUCTION is. Petro Matad is see as domestic company already and with IOM meeting with top MMHI / MRPAM in person present I think not difficult to see tie up with Mongol Govt.
Petrovis is biggest shareholder and will want ROI with millions dollars spend by Petro Matad over the years.
I think move for TAKEOVER will be fast after Block XX operational start and BEFORE company step up production / new block development / Renewables.
Like I say have been collecting my shareholding and expect major ROI from it with security in REVENUE PRODUCING company.
Focus on INVESTMENT / RESEARCH help 🦉
Heron 1 well giving a stabilised flow rate of 550 barrels a day.
Wells 2,3 and 4 in various levels of completion but all ready to come on stream in 2025 with similar flow rates.
2025. 4 wells producing 2000 plus barrels of oil/day with $30 profit per barrel .
2000 x 30 x 365 = $22 million/year income.
All on the low/conservative side with other fields/blocks/renewables etc to follow.
Money in the account, transfer it over, get the promised signature and off we go!
Ho, Ho, Ho.
OPEC reducing supply to maintain a higher oil price. Nigeria has left OPEC as a result. A small concern that hopefully won't materially impact anything.
Oil price above $80 a barrel. Global position seems robust to the current inflation and interest situations with both looking to fall back to normal levels in 2024. Oil price projections between $80 and $90 a barrel in 2024.
All looks good to me. Enjoy 2024.
Mr Hamm
"Any possibility of surprise take over for 50p or so?"
YES - but I keep my focus on near term start of PRODUCTION and development for this. After this will present all intel and discuss then laugh about some of comment from trader here.
Also want to wish all GOOD CHRISTMAS TIME - Be HAPPY 🦉
Header say ALL and will keep this about INVESTMENT discussion only!
We have CONFIRMATION now in official RNS with ALL parties agreed (no more talk of blocking / negotiating terms ) - this lead us to expect MAJOR RNS to release FULL WORK PROGRAM!
Summary for early 2024
- RNS of LP final signature
- Heron Operational Update
- Heron Development Start
*- Block XX Development IN PARALLEL
- DQE JV RNS
- New Block Details
- Renewable Update
* Block XX Toson Uul is est 3 BILLION bbl in proven & producing basin.
Before with UNCERTAINTY trader did have easy time on BB and with low volume / hard price move. Now with more CERTAINTY many will understand what all above NEAR TERM news development mean and will take long positions. Low volume / hard price move will work for investor now.
Also think we start to see BIGGER position size be taken and even bigger ganechanger will be INSTITUTION who come in after next RNS - I expect this more with PRODUCTION start but even small move by them now can have BIG EFFECT!
Keep focus on INVESTMENT 🦉
Researchandhold said //BP is like a stain on humanity//
Who have you got in mind Hamm? The only interested (and most likely) party would be Petrochina who wouldn't pay anything like that much & probably wouldn't find favour with the MG.
Any possibility of surprise take over for 50p or so?
Never say never.
Good little increase these last three days.
8% a day gentle rises will be wonderful. Let's hope WOS is right.
Thanks WOS for keeping with this BB and the posts. It is all coming right for us all.
Best to all.
££££££££££sign. 😊
LOL probably sign from Universe sir 💰💰💰🚀
Uptrend 🦉
Strange coincidence or what? WOS 3739 posts, Hamm 4739 posts!
Yes it does look like the risk/reward balance is particularly good at the moment.
The news flow has the potential to be positive for the coming weeks, months and years.
They've a Heron development plan, a wider oil exploration plan and then Renewables.
The beauty of the Renewables is the almost 100% likelihood of being able to predict the costings, energy returns and income generated. Vast acreage and minimal population or wildlife to object.
Bring it on!
STEADY PRICE RISE (with net weekly gains) + Multiple RE-RATES!
This is how I see price move over next few months & multiple NEWSFLOW!
Do own research - all become very clear!
🦉
Great opportunity at this price.
News rolling soon.
Massive rerate.
Header say all & focus on actual investment.
This is why I look at STEADY PRICE RISE on UPTREND with overall weekly NET GAIN!
Buy hold sell or whatever person want but we can say with some confidence price will carry on with push upward on uptrend.
Company making RNS which unlock multiple short term newsflow due soon.
Be WISE & INVESTMENT FOCUS 🦉
Out since September try my luck with 25k shares at a tad under 4p
LOR
So don't expect the SP to rise as long as these guys are around.
Thank you Dozz
Good to know .
Cheers
Sorry states not dates - 3.8 mill today
RandH just checked on Investing.com and it dates current volume 3.8mill, last 3 months average 1.98mill so double the average.
Tried a dummy buy on II investor for just £300 and .........Live Quote Unavailable !!!
Does anyone with L2 know how today’s volume compares to average volume over last few weeks ? Thanks
Once local issues are resolved and I think this could be very soon I see this getting away from stagnation and increasing to around 7 or 8 p.
Make no mistake this is the best time to get in now and join the ride.
For all those already on the ride GOOD LUCK and enjoy. There's more to come .
GLA
HL. Can't even buy £400.
Let it loose MmS.