Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Still no sign of news on new blocks or JV deals.
What does he do all day long.
I seriously think if MB doesn't deliver revenue by 2024 he should go.
Shambles, Lifestyle share for MB and co.
MB needs to start putting pressure. Compensation should be on the table for PM. Loss of income for the complete shambles in the Mongolian laws .
Being passed from this agency to that agency.
Which new company in their right mind would invest in Mongolia.
If no LP by end of july than this year would be wasted .
We will have to just hold and wait till oil is out if ground.
Block 5 might be a winner too.
Can't get a Sell price on ii so couldn't sell any
@N1shares
The mms wont let it fly until t.hey have finished their accumulation stage.
They trade their own accounts, and in terms of their other role of 'making a market ' they are the same as any wholesalers - they reduce their risk through buying in as low as possible. It's the same principle as someone running a corner shop in that respect.
Exactly, there are certain rules in this field that do not allow for a higher quota. This was already discussed in detail by MB. In an unexplored oil field, you cannot expect a higher quota, even if the chance of success is far higher. Therefore, one should not focus too much on these 20%. Therefor, I rather see the chances at fifty-fifty.
Haha wait for it, MMs will be trying hard to load up. Normally end of session the fireworks start and then 2 or three trading extensions.
You can't argue with one of the largest possible onshore discoveries in the world should we be lucky enough for it to hit oil. We know there is an active petroleum system
Best of luck to the long term holders, this has been a long while in the making. Absolute company changer if it hits the motherload.
Good luck matadors
Previous drills haven't been entirely fruitless.
They provide valuable geological confirmation of the seismic data and faults/traps.
They help to build up a picture of what's actually happening underground, it's a bit like the game 'Battleships', even a 'miss' helps to increase the chances that the next shot will be a hit.
And they helped to prove that it's an oil generating system, now they need to find if and where generated oil might be trapped.
The 'upside' from a Velociraptor strike is bigger than the 20% chance of 200 million barrels of oil too as it immediately increases the chances that subsequent drills on the Raptor Trend will strike too.
Potentially huge.
And I think Heron does still underpin it all as a 'Safety Net', so not a 'make or break' run of drills as can often be the case with small cap oil explorers.
And being small cap of course a strike would really transform the companies valuation.
Multi bag potential with Heron to fall back on.
Comfortably invested.
I am led to believe exploration companies are restricted in terms of what percentage chance of success any drill may have. Even with proven reserves 90% is what is usually stated.
So when they say there is a 20% chance that may really mean 40-50%.
Very good RNS but price is down.One of the reasons is that someone most probably the MM's are doing something.I bought some shares in the last half an hour and they are showing as sells very odd indeed.This share but for that should have been up today by a great deal
No BOOOOOM! today then. I guess folks will be considering whether to get out even or with just a small profit or take the chance on V1 being a duster.
As for the LP, I think they know they are going to get it. We just want it get it over with asap.
Who remembers the Snow Leopard, Red Deer and Wild Horse exploration drills in 2017 and 2018? They all failed miserably. At least the Velociraptor drill is shallower, and hence quicker and cheaper, but as usual with these drills the COS is very low. It might hit oil, who knows, but if it doesn't then this time they have a discovery to fall back on (subject to the land permit being issued).
Its a gamble without the LP
despite what some sneaky rampers may say
there is only a 20% chance of hitting oil - that is the companies own figures
as always only invest what you can afford to lose, especially with a 1 in 5 chance of success
Good points Mr Rich
Submission to Cabinet should be straight signature. Anyone who spend time in research and not just to criticise other poster will understand and with LOGIC
Every Cabinet Meeting have maybe 20-50 topic for discussion.
No topic can be discuss in any detail. Have couple main one and plenty other that need signature.
Understand also designation Project if National Importance. This send out clear guideline must be approved for National wellbeing.
Only person who have not done research & understand procedure think will be delay at Cabinet Meeting level lol
Be happy but tell truth from research :)
Expect Special Certifucation within 1-2 week from inform research on matter
What is interesting about the Twitter post from PM - below link, when they refer to the LP - the word that stands out is PROGRESS. MB is fkg useless at putting out RNS's, but the twitter post is good enough for me.
Certain people on here i thought had a point where they questioned blatant ramping, price will be this, price will be that, etc etc, but they are now showing their true colours. Shame.
At the end of the day, we have 29 days where this share COULD and i reinstate or COULD NOT be a life changer for certain investors. Let's hope the long wait comes to fruition for those patient investors. ATB everyone
Https://twitter.com/petro_matad/status/1668870792195502080?s=48&t=xs5mlti_eXYeRiuGAcPuSw
WOS, we don’t know if they’d submitted to the ministries or not on 22/05… it wasn’t clear. But regardless, submission to the ministries is irrelevant. We want to see if submitted to cabinet, which still hasn’t happened! And once it’s with cabinet, do you really think that given how slowly the MG work that it’ll be signed off immediately?!
Mr ART
I do not trust your opinion with no real fact sir lol
V1 on excellent source rock & a PRIVEN WORKING PETROLEUM SYSTEM"
Also logic show us LP in next couple of weeks
Tell truth. You look for sneaky entry yes? Lol
Be happy :)
The most intelligent and well researched do not post on boards like this, so let market decide where the share price goes as usual, LP looks like certification side of work is ready by urban land development but once comments come back this goes to cabinet to sign off, I do believe this could be done in the next week or so
Do t forget all depends when buck last had Comms with urban land and development could have been week or two back
He had to RNS velociraptor this morning so wouldn't not really be up to date with LP news just what he knows
Fingers crossed next week or two
MATD have previously spent many years and endless amounts of money chasing after the huge potential oil discoveries only for them all to fail to find oil. The only oil they have ever discovered was in Block XX, where they knew all along that flowing oil existed. This is most likely to be another wild goose chase that comes up blank but at least this time they still have a discovery to fall back on. Also this drill is relatively quick and inexpensive.
Land Permit will arrive well BEFORE V1 drill result
Use logic then become "easy" to see like you say.
Submission already made to Minsteies and if you look at MMHI timeframe and with Minustry position already same as before can see LP in next couple if week.
V1 drill result 5-6 week
Use logic :)
“Also make me laugh how Sneaky did try to edit RNS to suit own purpose”
LOL, I didn’t edit anything. I copy and pasted it directly from the RNS you moron!
Silly Owl.........please stop using childish pathetic language like " sneaky"......it so embarrassing to read comments like that on what is supposed to be a mature persons BB for investment discussion.
WOS - no, you’re not getting away with this one.
Very clearly, 22/05: they are asking all other ministries *for their comments*. 14/06: they have submitted the paperwork to the ministries *for their comments*.
Learn to pick out what is important and relevant. And that is that these other ministries have still not made their comments and we are not able to submit to cabinet.
22/05: “they are repeating the step of asking all other ministries for comments after which we expect they will make the submission.”
14/06: “and has submitted the documentation to all other government ministries for comment prior to submission to Cabinet.”
This is easy now.
The land permit won't be issued before the Velociraptor drill result. If the drill hits oil the share price will rise hugely, probably by a lot more even than when the land permit is issued.
However, with numerous failed drills behind them, the expected Velociraptor result will be no oil, in which case the share price will probably fall to about 1p/2p and this will be an excellent opportunity to buy in cheap before the land permit is issued.