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And so it begins!
The Raptor trend will change everything if successful.
GLA
Should get to 10p real soon in anticipation of V1 results. arrival of Lp will add $$$ to the sp.
BOOOOOOOOM (I wait for that ;))
Special Certifucation submission all prepare & go to other Ministry for comment. Do not see any change from before where MMHI ready to submit to Cabinet after this process.
Look like could see submission to next week Cabinet Meeting for signing but at least have SECURITY will be BEFORE V1 result in about 5-6 week.
V1 drill start now on potential "COMPANY and COUNTRY MAKING" drill. With excellent source rock & PROVEN WORKING PETROLEUM SYSTEM"
All system go for SP rise now & have see how fast it breakout before.
Think MEGA RNS come with Special Certification next few week.
BOOOOOOOM deserve :)
All as planned.. it’s good.
Unfortunately no progress on LP
Spud of the Velociraptor-1 Exploration Well
Petro Matad Limited (AIM:MATD), the AIM quoted Mongolian oil company, is pleased to announce that the Velociraptor-1 exploration well in the Taats Basin of Block V located in central Mongolia spudded on 13 June. The well is the first on the Raptor Trend of prospects located 7km south of the Snow Leopard-1 well drilled in 2018 that proved a working petroleum system in the Taats Basin. Velociraptor-1 is targeting an inversion anticline prospect estimated to have 200 million barrels (MMbo) of Mean Prospective Recoverable Resource potential and is planned to drill to a total depth ("TD") of circa 1,500 metres. The well is expected to take circa 30 days to reach TD and encouraging results in the Velociraptor prospect would significantly de-risk two adjacent prospects on the Raptor Trend which together have Mean Prospective Recoverable Resource potential of an additional 375 MMbo.
Block XX Exploitation Licence
On Block XX, the Ministry of Construction and Urban Development has completed its internal work on the certification of the Company's Exploitation Area as special purpose land and has submitted the documentation to all other government ministries for comment prior to submission to Cabinet. We continue to press the relevant authorities to conclude this process.
Spud Rns out
You're right - that's much better. I'll put my shirt on it!
BP correction. 4/1 gamble = 20%
Should have V1 spud RNS this week or very LATEST early next week.
Cabinet Meeting today with 23 topic to discuss. Could be signing today.
When people say "will be Sept" or other month this is just made up by poster with NO logic.
One who say will be done few month ago use right LOGIC and would have been correct but Ministry jurisdiction change to protect shareholder but MMHI was READY TO SUBMIT.
This tell you very clearly one who did say Sept use wrong logic & did hope for lucky guess with month he just take from bottom maybe lol
We look at time to prepare documentation before and see if same time (this is most logical) document should be ready for submission about now (also seperate Ministry opinion should be same).
Maybe Special Certifucation under Project of National Importance will be sign at today Cabinet Meeting. Maybe one next week BUT logic tell us will be VERY soon.
V1 result in about 5-6 week so expect Special Certification for Block XX before this.
One who say but "logic not work" then do not use logic. With so high multiple rise we expect here will not take risk of not having MATD stock.
Also New Block news we expect because 22 May RNS say fiscal term & condition already agree.
Buy or not who care your choice but be Happy :)
//These Mongols are taking us for a ride. Blind leading the partially sighted..//
I think the MG know very well what they are doing and are happy to play the "long game" knowing they have oil for their own use. The idea that they would want to profit from exporting Heron oil in the short term is misguided IMV so they will string PM along for the foreseeable. The LP (or not) & substantial income for PM from Heron is pie in the sky and another cash raise is inevitable. Maybe a bit of a rise in the SP up to V1 spud then it's a 5/1 gamble on the result. Be happy, hoot hoot.
Michu guilty of being caught with pant(s) down here recently..
...but still only feels to me like a poster Richard SmallWood versus poster Brazil bum bum occurrence
Not overly concerned - yet, at least - about having a small bet in play only here right now...
Such a volatile and punk share, this one..
who knows really..
These Mongols are taking us for a ride. Blind leading the partially sighted..
Its madness that they are making laws up and not knowing exactly what to do.
PM has turned in to a guinea pig
I am not quite sure why this has to be discussed at cabinet level. I thought it had been decided and signed off by Minister in Charge now MMHI or am i missing something here.
I have to saying does amaze me that after six months of certain posters saying licence this week or it’s already been approved have ‘neck’ still to be posting it.
Not even Mike Buck puts a time line on it (apart as a boost to share price when he’s doing a fund raise).
The last RNS said next RNS on spud pretty much, so I’ll be surprised if it even mentions LP . I sway towards a short term rise on SPUD.
But as I’ve said on countless occasions if a duster it’s all down hill until LP comes in and that’s a fact………although the happy ending is I think LP will come in Sept/Oct……giving us a year to get our rigs in place for the oil refinery opening in 2025……until then prepare for a bumpy ride.
Doc have a look at master82's first post to you, marked up by alot of people, look at your posts, dude no one likes you here, stop picking on people like a bully and have your own constructive posts about the investment rather than constantly blaming others if it does go in a straight line,
I should think 6p will be revisited before end of week
Think there is a strong chance we should crack 5p tomorrow. News can drop any day now from here onwards. Bit Frustrating but can wait for another few days.
Translation of that meeting
The 2nd meeting of the #National_Business_Committee was held.
The following issues were discussed.
📍The results of the National Consultation held on 26.05.2023 were summarized and discussed and approved in the work plan of the committee.
📍 Listened to the presentation of the project to be implemented in the first place in each sector in accordance with the mandate of the sub-committees.
#In the direction of coal, the Choibalsang AUPark project or dimethyl and hydrogen plant based on the lignite deposits of the Eastern region, the Choir AUPark project or dimethyl and methanol plant projects based on the coal deposits of the Central region;
#In the direction of copper, the project of copper concentrate processing and elemental sulfur plant based on Erdenet plant;
In the direction of #Khar_metallurgical, the mining metallurgical complex or wet concentrator, mini-direct reduction, shelter, coke, cast iron and steel plants in Darkhan region, Altanshireet and Gyeretgovi AU Park projects in Dornogovi province were presented and discussed.
📍 It is planned to carry out the next stage of data processing and consensus on these selected projects and present them to the government and make policy decisions within the third quarter of 2023.
I am glad that the work of the committee is progressing and working.
Today the Mining minister posted about projects to be discussed in Q3 and put forward to the government . They were not Talking about PM .My guess is PM will have been discussed and passed off before the Q3.
https://m.facebook.com/story.php?story_fbid=pfbid02QmciyKM3vrM7G8MN746rYAuh6akZRHZ7EVtrPtnq5PP4SVHM5vtRAFq9y9Z4FR2el&id=100044376131378
No not a word even though we were told that we'd be kept updated on progress on the lead up to spudding, how I see it tho, we were also told the RNS will arrive when V1 has been spud which I think might happen Sunday and RNSd Monday morning (imo), not long now and if LP lands this month also double bonus so really hope V1 is a hit. Certainly interesting times ahead, GLA
“Make your own predictions liike 1p or 0.5p”
I did! Many months ago I said I reckoned September for the LP and was crucified by you and your merry gang of super rampers. iamrich telling me to “STFU you ba5tard…” or words to that effect. So far, September is (sadly) looking more and more likely.
But I did top up last week at c.4.2p because I’m hopeful we will eventually get the LP.
Got to laugh at the “Come up with something using your own brain” line. I mean it takes a lot of brain power to spout “LP is 15p!!!”
Why does it rattle your cage if people want to predict or post anything here let them stop doing a commentary on peoples posts.
Majority of your posts are comments on other peoples posts.
Come up with something using you're own brain.
If i say 6p or iam rich says 15p or wos says 50p let it be.
Make your own predictions liike 1p or 0.5p
“Why do you make remarks on everyone who posts on here.”
Because people like you come up with baseless posts, like “this should hit 6.5p by Friday”… why?!
Stop being so sensitive.
Anyone know if the rig has arrived on site here???