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Researchandhold said "BP is like a stain on humanity"
Dozy - I don't filter people because I don't like their views on PM & it's prospects. I feel it's only right to point out the alternatives (which I admit is guesswork for me but seems to have worked so far!). I filter them when they become obnoxious & insulting.
I do like this idea i will just put in the back of my van and roll up it up to every well head. Someone who can invent that has made himself into an over night billionaire. Fantastic idea i will put it on my xmas list.
Aeschylus on another thought if we are hoping to exploit 800 barrels a well and more than 10 wells I don't think a portable refinery is going to cut the mustard lol
I have been reading this report by WOS (much appreciated intel) but find it all rather hard to believe.
It reminded me slightly of an old joke i used to have with a friend of mine when he once told me the job he was looking for did not exist. Puzzled i asked him what that job was and he said i am looking for a job with "All the authority and none of the responsibility".
Now i am reminded of this with the little governor of Eastern Province who seems to have total authority and complete power over the whole of the Mongolian Oil problem. I tend to agree with the DP leader who puts the blame more squarely on the shoulders of the MMHI. The Mongolian Oil shortage is not going to be resolved by us being granted the LP or the SP or whatever permit you want to call it. As much as the oil we have and the oil we may have in Heron it is not single handedly going to resolve the oil crisis in Mongolia. This comes from far higher up the chain probably MMHI who right from the beginning back in May wanted in have been saying all the right platitudes in public but actually doing very little in the background.
Yes a court case against governor Eastern Province by the MG would probably help us and hopefully get our LP over the line and that is after all our main focus. The next step or steps would be up to us and how we fund the whole thing.
Funding will be either some form of RBL or greater give way in a JV or another placement but not at current prices it would come at next plateau up prices after the initial furore of LP has finally been granted. Also if it is just a top up for drilling then it might be a rights issue aimed at us members.
As far as the Mongolian Oil situation the governor of the eastern province is not the problem he is becoming a pawn in a bigger political game. A pawn by the way i would like to see moved or taken off the board.
Just a thought Doc, BP etc why don't you just ignore WOS ??? Why do you have to reply to his posts, if you don't like them ignore them ??? Just a simple question WHY ???
Aeschylus, it was previously mentioned and that Petrovis would sort this. Can't remember when it was mentioned but definitely was, think it might of been around the time they put a loan in place for Matad but don't quote me in that
@MrManx - little do you know me and MrWOS have a history, MrWOS knows it and knows im only ringing his doorbell (ding dong) ;-)
Try not to be to serious in life, humility is a cure for a lot of illness in the world, something these bulletin boards need curing of....kerrching
WoS repeating the same doesnt make it True.
Yes part will be funded by debt ( ballpark 70%) and yes more debt becoming available...
Flipside 30% usually comes from equity and debt is a lot more expensive after rate rises...
You know this but just do not want to discuss as it is not rampy enough. Cheers
"WOS, may I humbly suggest you post your thoughts but don’t engage in any “debate”"
Of course you are right mr ShortShrift sir. When reply is just abuse from same people then debate cannot happen.
I will mention point on RENEWABLE FUNDING because for one who has real interest.
SubSteppe/JV build stage should be after production start - this is for BESS 50MW/150MW Project.
Current stage - Grid Study completed and Feasibility Study (FS) developed & submitted to Ministry of Energy.
I post yesterday about Bank of Mongolia loan increase to Green development - "a goal has been set to increase the bank's green loan portfolio to 10 percent of total loans by 2030" (source: Bloomberg).
When capex needed for construction PRODUCTION STATUS mean Petro Matad can apply for loan instead of equity (Also check mr Mike Buck interviews).
China capex can help with financing with energy export back to China. Scale of renewable sector expansion and high level Govt support with contract term which can include percentage on export revenue.
If very little return to Petro Matad like some people say you think why do Petro Matad get involved?
Maybe same poster benefit with research on this sector / operations / development stage but think genuine investor take INTEL and can make own decision.
Real talk NOW about LP final signature and development communicate TODAY about action against persons who block oil projects!
Take INTEL / ignore OPINION if this make it more useful. 🦉
(One who just insult is not even in sensible discussion)
Considering that in 2022 Mongolia scored 116 out of 180 in the Corruption Perception Index and that 69% of the population of Mongolia think the Govt. is a corrupt instition, may well have a bearing on the delay in local government's signature.
The corruption Perception figure has actually increased since 2017 when it was 103rd out of 180 countries.
Extent of corruption
Corruption in the country is endemic. In 2017, Mongolia ranked 103 out of 180 countries in Transparency International’s Corruption Perception Index, with a score 36 points out of 100 (Transparency International 2017a). This represents a drop of two points from the previous year, though Mongolia’s score has remained fairly stable since 2012, which suggests insufficient efforts to tackle corruption.
https://www.transparency.org/en/countries/mongolia
The activist is advertising portable oil refineries now. Now why couldn't MB come up with that idea?
https://www.facebook.com/profile.php?id=100011445393483
Maybe Mongolian gov should follow Australia? https://www.mongolianminingjournal.com/a/73258 GLA
WoS lets keep this simple again for you.
Heron: we have to wait for RnS. All the rest is gossip and ramping. So lets stop untill we have something real. You can ( and will) come up everyday with a quote that fits your narrative but irrelevant till rns drops
Renewable funding. I think you have done very little research...
If this business will generate significant dollars ( not irr) in the future for matd they will have to invest in capex and a good part will be equity which will be raised possibly soon as h2 2024 is approaching.
If like you keep on saying this will be all paid by china what do you think the benefits to matd will be? Very little ...
I guess they want to go for the capex route. Which in the LT could be wise... but will lower SP short term even more...
Lets see.
Header say BREAKING NEWS Mr Professional & Mr Doc
Please post own intel from own research so we can all benefit sirs. Thank you 🦉
Researchandhold said "BP is like a stain on humanity"
Hamm - do your parents know you are using the computer? You know Santa doesn't come for naughty children don't you!
All of it. Absolutely. It's so childish..
If you haven't got anything nice to say or that is factually or interesting to say, then don't say it.
Let's clean this up a bit and improve the quality.
//Barbed and aggressive insulting comments from some help no one//
Would that include R&H saying "BP is like a stain on humanity"?
Thank you, Professional.
We are agreed on that totally. I do not like the renewed repetition / ramping either. But I do appreciate the subtle shifts from the updates posted from latest debates and events in MG when they happen.
Some people use language differently but I would rather have some intel amongst some froth than silence.
Barbed and aggressive insulting comments from some help no one and it seems very few people actually have anything tangible or interesting to say about real events of news updates and their posts bring little worth and show a level of character.
This seems unnecessary and bad manners to me.
Hamm ...."Sentiment shifting fast "
Fast as in snail pace!!!!
Hamm - you’re tossing yourself over how amazing MB and WOS are. Would you like me to humiliate you again and post some of your historical rants about both???
Doc,. your picture with your twins BP would be more appropriate.
Is the pilot flying his kite today in Singapore!
🤢
Absolutely Wos.
Thanks for your highly valuable posts.
Mr Hamm
Not just sentiment shift - this is Govt saying they will take DECISIVE ACTION!
Remember local governor open to final signature but just showing power with slow beauracracy. Let us see now how he speed up. 🦉
Manxkippers... i am not against sharing info. That is what should happen.
Am against rampers that repackage the same bit of info day in day out as something that will ignite the SP ..
In terms of good info which i was not able to google myself : always originates from master imho.
He has valuable details but is not liked here by the ramping Crew as hé is balanced... cheers no neeed to be here today