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//*bad prophet* must be furious//
I can assure you that I am almost never "furious" - certainly not over speculative investments. I've always said I hope PM will do well as a company & reward its investors appropriately. There are still hurdles to overcome.
Fine post condorman - today is just the start of the journey.
*bad prophet* must be furious
Lots of green boxes, and I’ve filtered one person … so both must be posting absolutely furious at the LP news 🤣🤣
Jimi, that would make my yr
I'm hoping within 2yrs
"previous postS"
Hamm - I think reference to all you previous post will show how little you can be trusted for fair & reasonable comment. End of.
MATD will do the same as GKP and GENL.
GKp went from 4p to £4 in a very short period of time.
MATD would be much higher price than it is now.
All the sour/ bitter guys who sold their shares earlier should know that the upside from here is massive.
Stop being bitter and get in while you can before big boys grab it cheap.
//I wonder how long it will takes before PM will starts paying dividends? Any guess?//
PMSL - you should live that long !!!!!!
I wonder how long it will takes before PM will starts paying dividends? Any guess?
Hamm - I never went over to the totally dark side as YOU DID - rissole!
As ER11 said - recollections may differ!
//As BP said he/she has no shares!//
Another falsity - I said I sold out & I did. But who's to say I didn't buy back later?
From memory ( long time ago) I think I said the LP is an essential step but not the be all and end all. Let's see what MB can do with it shall we.
//Before, it was the LP that you used as your stick - ad infinitum, //
Can you show me where your evidence for that?
Petro Matad – group granted land access for Heron, which could lead to first oil before the end of 2023, shares up 62%
ukinvestormagazine .co. uk/petro-matad-group-granted-land-access-for-heron-which-could-lead-to-first-oil-before-the-end-of-2023-shares-up-62/
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Updated: 06/07/2023
Petro Matad – group granted land access for Heron, which could lead to first oil before the end of 2023, shares up 62%
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By
Mark Watson-Mitchell
06/07/2023
At long last it looks as though Petro Matad (LON:MATD) is going to be granted access to the Block XX Exploitation Area.
That is very important news for the group and could well lead to the first oil flow from its significant Heron oil discovery, before the end of this year.
The group is involved oil exploration, as well as future development and production in Mongolia.
The company holds a 100% working interest and the operatorship of two Production Sharing Contracts with the Government of Mongolia.
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Shares
Updated: 06/07/2023
Petro Matad – group granted land access for Heron, which could lead to first oil before the end of 2023, shares up 62%
Avatar photo
By
Mark Watson-Mitchell
06/07/2023
At long last it looks as though Petro Matad (LON:MATD) is going to be granted access to the Block XX Exploitation Area.
That is very important news for the group and could well lead to the first oil flow from its significant Heron oil discovery, before the end of this year.
The group is involved oil exploration, as well as future development and production in Mongolia.
The company holds a 100% working interest and the operatorship of two Production Sharing Contracts with the Government of Mongolia.
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Block XX has an area of 214 sq.km in the far eastern part of the country and Block V has an area of 7,937 sq.km in the central western part of the country.
Analyst Daniel Slater at Zeus Capital considers this approval as removing the main impediment for development work on the group’s key asset, and paving the way for first oil later this year – a significant moment for Petro Matad that will herald the start of production and cash flow growth.
He notes that the £69m company needs to complete the various procedures to formalise the land access consent, which could take a number of weeks.
Slater suggests that it will also need to pick up its discussions with Petro China on selling its Heron production.
PetroChina produces oil next door to Heron, and the mooted plan is to truck Heron production to the Petro China facilities, before then selling via Petro China’s established trucking offtake route into China.
Against the Zeus Capital Total Risked NAV of 17p, the shares after the announcement are up 62% at 6.20p, offering still further upside.
BP is sad example of sb who was calling 2p to get in! As BP said he/she has no shares!
We have over1300 trades and 30m buys. That is a new support. Plus we have all the news waiting to come.
I am sure from now on we will have all good news and with each one another rise on the way.
As guys earlier mentioned the beauty of this situation is new big boys investors coming in which will change the prospects of MATD which in turn reflects the real.true value of the share price. All in near future. One after another. Sit tight and hold to your golden shares for now.
Well said TheCondorMan!
Show some humility bp, and get off your high horse. Before, it was the LP that you used as your stick - ad infinitum, now that has been delivered lock, stock..... you move onto the next stick, instead of being gracious and accepting matd is now in the clear.. No doubt you will continue to use this new stick relentlessly on this board... until even that falls flat......and so on. No rhyme or reason for such behaviour.
you need to look in the mirror and note what a sad life you lead on these boards.
"Is the LP "spike" already over? What really matters is PM becoming a producer & generating revenue from oil sales. Until then it's just hopes & fears." Didn't take badprophet long!" lol
Mr Mike Buck maybe hold DQE news for V1 update ;)
All term agreed. At DQE head office for months since before March ;)
Shift from small holders to big investors/institutions. That is gonna happen soon.
Exciting time ahead of us guys. Thanks again to WOS with all his research. Thanks to MB with his strategy to get LP secured.
The rise will continue.
Petrovis also will look for fast DIVIDEND introduction. Will not spend money for so long to keep for just capital growth.
Petro Matad have fast track to revenue generation / field expansion
Dividend will also pull in big Institution investor.
This us what I wait for. Anyone who want to wait for revenue to start (and all other development RNS in between) then do this & compete with large buyers / pay price at time.
For me INVESTMENT PLAN clear / Expected ROI focused :)
Calling someone a liar is not very nice, perhaps you should retract that statement. No one can guarantee anything, that is something most of us realise as there is so often a reliance on others. A lie is something deliberate with the intent of misleading others. MB has never intended to mislead anyone.