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Question
If V1 hits oil, just if.
Do MG and all the ministries need to review all the matters before they approve the license?
Apparently everything is in that area approved! Why the MG and all ministries didn't need all the reviews on that area?
Isn't it because they haven't found oil there!
And they will bring all the excuses and rules if ever oil found?
No because you’re just panicking
No. Because money is there for few more wells in block 20..
12mill ..currently
Question,
If no LP by the V1,V2 results which costs us $4m.
If we miss LP this year as it happens so many years already.
Would we have to raise more money?
Please one simple answer.
Yes or no!
Please define " quickly" WOS??
We have heard this line now all year from you.
A and B need to agree on/pass a bill.
Both reviews the matter.
A agree with the matter an approve it.
B disagrees and refuses.
A has bigger authority and wants to over rule B.
Does A needs to review the matter which has already been reviewed?
The answer is no.
A just needs to over rule B. Because B doesn't understand that the matter is national importance!
Q2.
Why on the earth Ministry of construction didn't raise the issue at the time?
Why all fuss is about MATD and not petro china?
Why don't let MATD start Heron while they are working on the matter?
Is it possible that MG refuse LP? If not they could have approved LP temporary!
Q3
Why MB doesn't tell the reason he was in IOM?
What is he hiding?
Was he just used our money accompanied the ministry there?
Guys doesn't add up
Do not need insider information when you do deep insider research ;)
One who know is people in company who deal DIRECTLY with Govt. Why you think option quickly get granted now ;)
Be happy :)
Buy or not does not matter. Clever ones who talk DIRECTLY with Govt KNOW and did buy. Even at discount price why buy if you do not think Special Certifucation will be given.
Are you saying you are receiving insider information from Govt officials?
READ & MAYBE THINK ABOUT THIS ;)
Company approach biggest time in development from EXPLORER to PRODUCER and some people really take risk of not holding stock LOL
Can see all usual bb ILLOGIC but if people like to listen to sillly investing logic up to them. This come people who flip flop opinion or who talk about holding when they say they sell long time ago or just has not done research which easy to spot.
Say again reason Special Certification process because Govt take control from local and WILL get land access to develop Heron for production.
They will not lose more revenue from PSC because of sillly reason some say they want to "save oil". They will not sacrifice FOREIGN INVESTMENT to help company grow just over Heron field.
One who say "ask if IOM regulator did call summon them to complain" maybe should ask why MRPAM / MMHI there with Mongol Ambassador as well all smile together in room with picture because of summon by IOM to complain LOL
Need to be sensible ;)
Petrovis took nearly 33M new share in recent raise. Mr Mike Buck took nearly 1M new share in recent raise.
Can easily wait for options but put own money down. People say but he get salary from us. So what. He put own money down because he KNOW all will be sorted & Petro Matad will be producing.
People say why change submission to different Ministry? Why do not Central Govt just overule?
Because correct procedure MUST happen to stop future legal challenge. Also correct jurisdiction is for Ministry of Urban Development NOT MMHI (for land designation of Special Certification).
If someone understand they see Mongol Govt is protecting Petro Matad from any future legal action from protestor or other.
Maybe BB poster not that clever to understand this things ;)
Also Ministry transfer could have happen well before 22 May RNS & be well advance. V1 drill result in about 6 week yet. People say "big buys". Did big buys happen just before EL RNS? This Q I ask all who was here at time.
Buy or not does not matter. Clever ones who talk DIRECTLY with Govt KNOW and did buy. Even at discount price why buy if you do not think Special Certifucation will be given.
People say if mr Mike Buck read BB he would understand. Think only thing he understand is where did all investing intelligence go lol. Still he can do more for PR I think & this is fair but up to investor to use good logic ;)
I am happy & do shopping again today :)
I genuinely believe, Mike is as frustrated as rest of us still waiting for LP. Atleast we getting closer each day and also Velociraptor-1 is coming up.
Lol yeah they took a team photo after the grilling
Manro your a nutjob seriously you have mental health issues dude
Can't believe how crackers some people are 😂
Follow RNS and so far it's been as stated by RNS, we've been kept updated even on the delays, buck didn't have to tell us the diner details and could have just told us the paper work is still ongoing but he told us the truth
But people can't handle it lol
Think some of you need a rest from this board and come back after a few weeks
Bowley, whatever the reason for the IoM meeting they all lined up for a team photo so hopefully any disputes were ironed out 🙃
Guys, I think we need to make not just a bit of noise as Hamm has suggested. But start constant noisy alarms and periodically turn on the siren, putting the pressure and exhausting the nerves of this whole gang of crooks from Petrovis fused together with the corrupt Mongolian bureaucrats and a highly calibrated liar MB. Otherwise, we will lose all our investments. Please remember this last warning of mine to all you and do not say later that I did not warn you!
Bowley, good point which needs to be clarified and used against these gang too.
Some serious conspiracy theories here lol, just follow the RNS all, maybe in Russia we can say let's not believe the RNS and look at other people thinking, but seriously going over what the company and RNS states and making your own theories up 😂, ok I r ally shouldn't get involved with some of you nutcases or I wil turn into one or even start to lie for small gains
Anyways LP this month price is peanuts compared to a few weeks back
Question.
Were Petro Matad summoned to the Isle of Man by the Isle of Man regulator regarding complaints against the companies continued disclosures ?
Have Petro Matad had any contact with the Isle of Man regulator.
Could Petro Matad either confirm or deny this via their next RNS.
I don’t suppose you had a reply from any or all of them?!
Doc she is aware as I copied her in my emails to Malone, Buck and Petro Matad's brokers, telling him to pull his finger out and get the LP sorted.
What is the estimated cash burn to date? £4m for V1, £2M towards a jolly up and helping the ungrateful locals? leaves £6m?
Manro has just reminded me of the ambassador getting involved. I understand he has now left his post and been replaced. Has anyone contacted this new ambassador to ask if she has also been made aware of this disgraceful behaviour from the MG?
Dozzawba - is my memory correct that you were emailing Philip Malone?
guys, believe me we need to make a bit of noise or we will lose the lot.
we have been saying the same thing for ****kkk g 5 years.
mb should stand up now before we lose another year.
v1,2 duster or not doesn't make any difference. we will face another placing while they are given themselves freebies.
The oil pipeline through MATD soum only reinforces my belief that MATD's oil at Heron is been kept in the ground until the refinery is built.
Looks like we have all been lead down the garden path by Mike Buck and his lies.
We have :-
1. A discovery H1
2. An Exploitation Licence
3. Central Gov support as a matter of
“ National Significance “
4. Support from 2 x Government Departments MRPAM and MMHIM
5. A Refinery with oil pipe line passing our wells being built as nff DX needing feedstock
6. A final simple presentation by a Ministry that feels it falls within their orbit ie Ministry of Construction and Urban Development.
All against the background of a serious long term push for foreign investment by a pro business and resource mining government
Sit tight for re-rating soon
Manro, we have to do sth if MB stays mute. I wonder if anyone here would have any ideas. At least a collective email could be a good start. MB should start Talking to shareholders. How dare they gave themselves freebies from our hard earned money.
it'll all come together in time. when the locals stopped the drill order was given from above to let it finish.
the recent satellite image shows that heron water reservoir is still there and not been filled in.
i personally think the locals just want more money and they don't understand they are getting a good deal .
ill post a clip to make you realise where the problem started.
https://m.********************191527914763757/permalink/442754099641136/
Hamm, yes most of us in red and we are going to lose most or even all of our investments if we will whining here instead of acting. We have to continue bombardments by our letters not only all of MG departments, media or British Embassy but through all other foreign Embassies too as there are not only British who have invested in PM but others too. I would even suggest to make collective appeal to the Financial Times and ask to publish article about this shameful arbitrariness and criminal negligence of our interests and huge financial losses. If needed we can even collect money and pay for such publication. We must shout loudly and to the whole world about this shame and disgrace everyone who is responsible for this crime against investors, and not wait until we are all stripped to our underpants!