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Just out little while ago - Source Zasag_mn
Title: The Govt is Paying Attention to the Successful Implementation of the Oil Refinery Project
"Minister of Mongolia, Head of the Cabinet Secretariat D. Amarbayasgaka reviewed the work of the oil refinery construction project in Dornogovi Province"
The Prime Minister has decided to resolve these issues (relate to construction delays) in a SHORT period of time to continue the develooment work.
"With the completion of the oil refinery, Mongolia will be freed from deoe den e on oil & gas imports, A NEW BRANCH OF THE PETROCHEMICAL INDUSTRY WILL BE CREATED, and there will be a chance to reduce the foreign trade deficit."
"The head of the State Government emphasised that the government is paying attention to the Successful Implementation of this HIGHLY STRATEGIC project"
I will leave this with you but think anyone can apply logic & see what happening / how it impact Petro Matad & link with all Foreign investment work done by Mining Minister & Govt.
Also maybe ask how Petro Matad fit in with NEW BRANCH of Petrochemical industry & New oil block tenders / Xcalibur Multiphysics invitation with direct talk with Prime Minister few week back.
Person who say sillly thing like Govt save Heron oil from Chinese please have adult tinking about lost revenue from PSC lol
Any who sold today did miss this news & think lot of picture comeu g together.
Have good evening. I will :)
Whatever the summer holds - LP & strike - BOOM
LP & duster - cash raise
no LP & strike - cash raise
no LP & duster - BUST !!!!!
Email. i understand where you're coming from, but as i said imo i am 100% certain the LP will be granted. Mongolia know it needs foreign investment above anything, they are relying on this to move forward. I just cannot see it NOT being granted, that thought never crosses my mind whatsoever. The investment case here imo is one i would not want to be out of. I am here for the long haul as i really do see BIG things happening here and we are on the cusp of something huge. As said that is only my opinion.
Mr Doc you may as well say to wife "if I walk out of door & lightening hit me I will be dead"
What use to investor?
Better look at ALL reseaevhh which do not even indicate this in any way and make investment decision or put money in bank / do not invest.
Be happy whatever decision :)
Oh, and to answer email’s question, if we were to have a duster at Velociraptor (more likely than not) and for whatever reason we don’t get the LP for Heron, then honestly this will be sub 1p and possibly game over for MATD. *shiver*
I tend to lean towards Dozzawba’s train of thinking. But rarely are things straightforward, especially so with MATD and the MG. It’s feasible we’ll be thrown another curveball and further delays.
WOS - the biggest and best minds, with the best research and logical thinking don’t always get them right. As much of a bad piece of work I think you are, I hope you are right with everything you spout.
Very refreshing and thoughtful comments and responses to read this afternoon when I have just logged back on.
Just want to say thank you to all contributors.
Like mr Dozzababa I have NO worries about LP
Only have worry if you think country will commit economic suicide. This logic only get interest on BB lol
Anyone who see new pro-business Govt working for foreign investment know this but this are ones who do research & not follow very strange BB logic.
Central Govt take direct control away from local govt because they try to slow process. Make sure all water tight by making sure right Ministry submit Special Certifucation.
Now we have uodate which show progress and from timeframe before can expect in next few week BEFORE V1 result.
I make sure I do own research, ignore strange BB logic & keep hold of shares. Everybody agree will be high multibag & why lots of sly one here with sillly logic in posts without research ;)
Email: If I may I would like to give you my 2 pennies worth regarding your query.
I invested in PM for the first time more than 13 years ago. I am not a trader and don't think short term. The company has been around for longer than that (don't know how long); what's important however, is that I believe PM are here to stay.
I - as all investors - would have liked to see the company strike oil within a few years - never happened. At the time some people claimed that you could drill wherever you wanted and you would strike oil. That turned out to be wrong. The first hype in 2010/2011 took the SP to a unblievable level of £2.10. The next hype in Febr. 2017 took the SP to 35p - missed to take advantage of that one as well.
I believe that we investors will get another shot and benefit from PM's performance and our patience. That could very well be this year. That's the reason I'm still on board.
The next hyp
A possibility. The oil is there, there are only us shareholders wanting desperately the means to get it. If they wait long enough we will run out of money or get bought for peanuts. Everything imo depends on being able to produce income from heron
Highly unlikely MG would play any dirty tricks like that. They already told off Petrochina to clean up their act. Govt wants to break Petrochina monopoly.
They want "Domestic" oil producer to feed the new Oil refinery. More oil the better.
I too am a huge fan of MATD and am invested here.
Playing devil’s advocate for a moment, just to understand the risks.
Is there any possibility for MG to betray MATD and give exploitation license to China to keep China happy. China being the biggest player in the region.
In other words to exploit MATD to find the oil but give it to someone else to extract.
Special Certifucation LP coming. Read RNS do some more research.
If you do not believe this sell. Simple!
But all this people here for a reason ;)
Be Happy and understand what going on with this posters. Will get RNS for LP, Pryce will multibag & this posters will flip flop other way ;)
Therefore if MG have a bit of brain they should sort out LP with no delay.
Nobody benefits of LP delay. But again I believe MB should start making a noise demanding LP now.
Let's say no LP and V1 duster, just for the sake of argument. The share price would tank, let's say to 2p. What would be next?
MATD would be neither exploration nor producer company. Has not enough money to explore and no LP to exploit the oil!
In that circumstances how could MATD raise more money? Who is going pay a penny for it? So the results would be oil is there but can't be taken out by any company because it belongs to MATD. MATD has exploration license but can't operate because has no money! In that case what Mg would achieve? Nothing. However MB should start making a bit of noise and tell the MG of the consequences.
The LP issue is specific to MATAD province - it won't stop other companies wanting to prospect/invest in other areas if they can see profit in it.
Dozzawba, thanks for your reply. I agree 100% with you and thinking EXACTLY like you and I will go on doing so... However, just for a moment, maybe just like in a fictional game, let's assume we do not get the LP.... As an investor what would be your strategy then?
Email, my thoughts only. The MG has had numerous meetings with foreign governments, they have been at oil conferences etc continually drumming up the need for foreign investment. It would be total suicide in my eyes if the Land Permit was not granted. What sign would that send out to Foreign Exploration companies. MG are currently in the process of issuing out new licences for new blocks to explore. Again what sign would that give to exploration companies. Would you want to pay sh*t loads of money for a licence, discover oil and then not be able to exploit it.
Before anyone jumps on the band wagon and said that's whats happening with PM. PM have been embroiled in the issues of corruption by local MP's and governor of Dornod, also they also have the anti PC locals who don't want the same type of thing happening with PM. All this by central government action is being taken care of.
I personally have NO worries. in my opinion the LP will be granted otherwise MG can kiss goodbye foreign investment.
MATD is my biggest investment BY FAR. I have great hopes for it, and I pray every day we get the LP.....
But --- but as I do not want to end up bankrupt I have to think what will happen if we do not get it?... How low would the sp plunge?... What would your alternative strategy be in that case? Would you still stick with MATD? ... I would appreciate serious investors to give their opinions, please
It will be interesting to see if the SP reflects the two week mark for V1 drill, if any info is leaking 😏
Read Last operational update,
Plenty of updates
People still don't know what's going on 😂
Judging by the fall in price like I said releases an rns without LP it seems the market couldn’t care less about velo only the LP of course that makes sense why wouldn’t it?
Mr Buck said previously that the LP has been applied for through the required procedure and there is not much more he can do than wait for a final answer... And that's all he can say and will say no matter how many times you ask him
//pump oil to the new refinery that is over half built already//
Where did you glean this snippet of misinformation?
Approx 100m drilled out of total depth of 1500m by end day two. 600m is the depth that the first possible target gets encountered. This should be around day thirteen (26th/27th Jun).
https://twitter.com/mickdy1986/status/1669349583900786691?s=46&t=Dl9cj0wPvjhrSowDnr1jhg