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Full steam ahead at HERON.
More CASH = More wells
CASH will be directed to fast track Multiple wells at HERON now. DQE on stand by.
Business as Usual in Mongolia. Ministries still posting on Facebook
PM should only concentrate on block 20. No point venturing in to unknown territory.
Stick to building a profitable business.
With money leftover PM should have atleast 5 wells up and running by September 2024.
Let's be honest, todays news was disappointing but we new it was a wildcat drill, so we move on.
I was here in 2010/11 and got back in in 2018 so had ridden the waves and will continue to do so. It that time MATD has never generated a revenue stream.
So this year looks like it's about to finally monetise their significant 2019 oil discovery.
Forgotten about V1 already, it's now all about the exciting oil loaded Heron prospect to finally get the company making money. What's not to like now.
If there is one person who has done research and scrutiny on PM its WOS.
I can't really see anyone else coming even close. Its just a matter of time before this will start climbing steadily but slowly and that's exactly what happened previously on a bit of good news.
Hold tight. Don't give away your shares for nothing. The best is yet to come.
No chance of this finishing blue.
Back to Velociraptor, V2 wasn't mentioned in the RNS. Do we reckon they are canning this and saving the cash?
4.4p to sell now….this may finish blue.
V2 was supposed to be paid for, so presumably thats not happening now, should still be some left in the bank
Great informative website 😉
https://www.sunsteppe.com/
No mention of the IOM registered Petro Matad Energy, no announcement so wondering how this all fitting together???
''The Company raised US$6.6 million through a capital raise that will allow the Company to test the low-cost, high impact Velociraptor exploration prospect, evaluate new areas offered for licencing by the Mongolian government in the 2022/23 tender round and explore renewable energy projects.''.
2022 Financial Highlights
''As of 31 December 2022, the Group's cash position was $5.1 million (Financial Assets) (31 December 2021: $8.2 million)''.
Based on the above funding for the VEL well which will be pretty much spent and CAB probably being pretty low I'm expecting another cash raise to fund the Heron operations.
How much will they need to get the well into production etc.?
How many more shares to be issued?
It's on the cards if you ask me and they probably won't get paid for the international oil sales for a couple of months - are they selling the oil locally (payment one month after local sales?).
First oil in 2 months time?
Blue finish coming by the looks of it
I do try to help with Intel. If you do not believe fine then do NOT buy but something HUGE coming here for Petro Matad from Renewable development.
This will bring in much larger Institution buying which I wait for.
Again DO NOT buy if you not think this.
This is fair I think
Now I go have my swim.
Have put some Info/ Intel maybe later I post more will see.
Buy or not no problem. Like I say my share is safe & if my research help real investor good.
Be happy :)
Mr Professional
Depend who the three guys are but suspect not about years of experience but who you know in Mongolia ;)
Already if they talk about LARGER PROJECT this time in more with Govt level domestic grid & large capital input which look like China from all recent indication.
They mention anyway EXISTING GRID & EXPORT TO CHINA.
With large scale infrastructure project think revenue will be considerable sir
I thought the stampede for the exit would be at 10p. Looking more like 7p now.
First Block XX fast track development priority. Special Certification land access derisk that - DONE!
Second and take or leave but maybe will understand my triple digit share price projection
SunSteppe - Power Generation Options: Solar, Wind and LITHIUM and other storage technologies. Vast sparely populated South Gobi ideal for LARGER project. Grid supply to EXISTING network and EXPORT to China.
High level discussions with China for huge inward infrastructure investment for Renewable energy. I did report on this and even few day ago did ask people to read Deputy Energy Minister report on Renewable.
Again, again, again think why high Govt official fly in person to Isle of Man with Mongol Ambassador.
This will be HUGE for Petro Matad and Shareholders. Mr Buck even mention projects to export energy to China.
"AT PACE" Renewable development and NEAR TERM REVENUE GENERATION should say something about advancement of plans / contracts.
A LOT will get caught out when I see level of discussion & understanding of Petro Matad operations / Investing here.
Myshates safe with me. Be happy :)
Great to see plenty buyers picking these up today...great sentiment here despite todays news... just goes to show eyes are on the bigger prize as Heron comes into focus.
It wouldn't surprise me if MB comes out with good news to keep the fire burning here.. Maybe info on new licencing MATD had picked up or Heron date/equipment.. then its back past 7/8p my guess
Wos has done great research and has been very consistent.
I am sure he is very right. We will see MATD share price re rated.
We might just have blue day. Nearly 2 hours left.
We just need one good RNS this/next week.
Re LP leak, the FB activist wrote the following the day before (Ninesandytoes posted about it)
"A citizen of the United Kingdom has no chance to get the services of the state😪"
WoS can ypu put some numbers on what you expect from the renewable side for PM?
I just looked at their site, and achievements and it really is not much (yet?)
15 years Experience together at Wolfson. If they have 3 guys average 5 years so still junior in my book.
Projecta made production ready: 50 MW. So very little....
If they come up with a big partner that will do funding and most of the work income will be very low for Matad?
Or they wilk have to buy an asset for which they need capital raise?
I expect the first options so in the big picture irrelevant. What am i missing here?
Agree mr Doc. Was going to say but think this basic logic all can see lol. Drill is different of course
Correction need to have been made when MMHI transfer to MCUD otherwise would have been accurate in timeframe.
Everything in posts have been research & can be checked.
Buy or not no problem but maybe investor do better to see if what I say is correct it not. My research have corrected you plenty of time Mr BP. Think last time was about China transition to renewable energy rate & new coal power station as backup only lol
From SunSteppe also tak about export renewable energy to China
All happening for Petro Matad but most do not see and why they believe very ignorant (in research) posters on BB ;)
My price projection is triple digit & have full understanding why I expect this.
"How comes the LP news didn’t leak out then."
I'm not sure there was chance for it to leak. The cabinet met on 5th July and they RNS'd it at 7am on the 6th.
//You were right about LP. Spot on.//
He was right EVENTUALLY. He was totally wrong all the previous times he said the LP was "imminent".
Is that the deal WOS? Bad news. SP slides so you notch up the ramping to fever pitch. Would love to know how your pay is calculated - is it per post or based on results?