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Think price will build back up into this anyway
This in around 10-15 trading day approx :)
That would be an epic RNS
There'll be a Heron update when the Velociraptor spud RNS comes.
I'm happy to wait.
Spudding and a +ve Heron update would make for a nice 7am wake up.
That is precisely the crux of the matter (and thanks to Dozzawba for this pertinent observation). Indeed, I can't imagine that MB would take on a drilling project from Velociraptor without having received assurances from the responsible Mongolian authorities that the LG for Heron will also be issued in a timely manner. So if Dozzawba is correct (which I assume he is), the LP should still be granted in the next 3-5 weeks. This would also fit in terms of timing if the only thing remaining for the administrative procedure is the signature of the responsible ministries (as suspected by some here). Therefore, the coming weeks are going to be very exciting.
Which is a clear evidence that this board is thoroughly censored and admin dislike critically thinking posters. But I will continue to express my opinion and confidence that the main and only reason we are loosing money it is MB itself. He was hired first all off for to attract as many as possible British and other foreign investors. Therefore his appointment was so widely publicised and former chairwoman of Petrovic has even describes him as "one of the world's most highly calibrated oil professional". In respond he started praise MG by pouring on us his lies about their great support of the company. Initially I thought he was being used as a "useful idiot" who did not understand the local corruption specifics. But when instead of real actions and demands he, on contrary, retired to his Singapore residence, it became clear that he was in the same boat with all these crooks and he did not care about the interests of investors. All this ugly and shameful situation when we are loosing a lot of money has taken him no more than "frustrations". Therefore please bear in mind, just to sit and wait for something positive from all this crooks, who are stealing and will continue steal our hardly earned money, would be a madness. In contrary we need to bombard and not give them any rest. And if the LP will not granted within 1-2 months inform SFO demanding prosecution.
Wos, Don't appreciate your wrong reply.
ID78, I understand what you are saying and appreciate your response.
Mastre, I am still in and holding my shares and will not sell hoping to get LP. When LP comes the prize will be amazing.
Ojay, understood thanks any way.
Just a bit disappointed. That is all.
Hamm, I understand what you are saying but
1) seemingly we have a good relationship with the central government (re the IOM meeting and whatever was going on) - MB would not seek to our cold water on it be being impatient
2) imagine worst case - no LP this year and we didn’t drill VR having raised the funds and sorted out a team to drill. Everyone here would call for him to go ‘another year and nothing happened etc, etc)
A disaster would have been an RNS stating 'waiting on the Land Permit' and 'something's cropped up with the rig for Velociraptor and we're attempting to re-schedule'.
Velociraptor is happening, tick.
Land permit will come when it comes, tick.
Petro Matad can only do what they can do.
Apply a little pressure to the Mongolian Government and strike oil!
It's an oil exploration company doing what they should do..... explore for oil.
And there again it might not. Will be a disaster if it doesnt before raptor. All back to front and no revenue
The meetings are every two weeks so there will be three at least before raptor results. They had at least two special land issues on the agenda on Monday so lets hipe ours is on Monday week's agenda.
Certainly very interesting but what is a Regular Urgent Meetings. How many times a year do they call a regular meeting that is urgent. Either it is an urgent meeting or it is a regular meeting surely it cannot be both. What could happen is that something urgently gets added to the areas that need to be discussed. Either way it should be interesting.
“Following on DOZs point , imo there is no point in MB drilling Velicoraptor unless the Mongolian can absolutely guarantee LP , if there isn’t a guarantee drilling would be a complete waste of time and money .GLA“
I’d also like to think that MB had been given a positive nod on the LP before we started helping the locals out with their recent wildfires, given that we have already provided financial assistance for a number of other things previously, all without having any success.
If that is the case then we should see LP in a week or 2 but certainly before spud.
it really make sense that they have already seen it and that is why they are aware of it and they wanted to have say too.
Ah. I see. So all ministries have seen it. Just that Ministry of Construction and Urban development wants to submit it.
That should be pretty swift then.
Manxkippers.
Think you summarised it eloquently. Nice one.
I'm sure the ministry has contacted buck to tell him about the delay and apologies, they just likely said we will get this done asap and timeframe given, but buck won't be holding in to this and won't tell us incase time slips,
Fingers crossed this gets done sooner then some of us here expect it,
I'm confident we should get LP week after velociraptor spud latest, I also believe the paper work was circulated atleast a week ago,
YES mr Master I see that & post it but think lot if people did miss it ;)
With other people who question every little thing and cannot do anything I take every little thing & put in big picture and BUY.
Everyine make own decision & do whatvuiu want. I am very confident for my investment & LP before V1 result with all thing happening :)
"On the Block V Exploration PSC area, local government approvals for land access have been secured. This area does not have the same history with the oil industry that Dornod Province has and as such, just as in previous years, thanks to its continued focus on positively engaging with local communities, Petro Matad has been able to secure all necessary permits to work on the land covering the highly prospective Raptor Trend and the Velociraptor prospect"
Following on DOZs point , imo there is no point in MB drilling Velicoraptor unless the Mongolian can absolutely guarantee LP , if there isn’t a guarantee drilling would be a complete waste of time and money .GLA
Wasnt it agreed this referred to the pipeline land access issue?
//Opinions were gathered on the draft of the government's resolution on the acquisition of the land "along the direction of the oil pipeline" for special use by the state and submitted to the State Government.//
Yesterday they seemed hyper focussed on land use issues for a K Pop festival for Naadam. (jeez!!!)
"Opinions were gathered on the draft of the government's resolution on the acquisition of the land "along the direction of the oil pipeline" for special use by the state and submitted to the State Government."
This part is interesting as the pipeline is from PC facilities to the new refinery .
May be PM was discussed too
Has anyone read the article on emergency meeting held few days back.
THE MINISTER HAS BEEN URGENT
The regular urgent meeting of the Minister of Construction and Urban Development was held on /22.05.2023/. At the beginning of the meeting, the Ministry's departments, affiliated organizations and project units presented the information on the work carried out in the past 14 days. The main activities of the past period include:
Preparations for the document "General development plan for the development of the capital city Ulaanbaatar until 2040" have been intensified to be discussed at the Cabinet meeting and submitted to the State Great Khural.
The working group of the "Selbe revitalization" project met and finalized the direction of the 6-lane road for cars and public transport, 42.6 km long road for pedestrians and cyclists along the Selbe River, and carried out aerial photography, field measurements and research on a 500 m wide strip. A topographical background map was received at a scale of 1:500. Also, hydrometric measurements were taken 24 hours a day at 13 crossings of the Selbe River, and river bed and coastal sediment samples were taken at 93 locations, and the engineer is carrying out geological research.
The technical safety of the newly assembled elevators and escalators was verified, and 16 official requirements and 7 conclusions with 128 provisions were delivered to citizens and enterprises.
The cleaning technology of the countries leading in the cleaning technology of treatment facilities was studied, and the suitable technologies for Mongolia were presented.
The tender financial proposal for the project "Construction of Rainbow 1 and 2 housing estates" was opened and the evaluation report was submitted to the Export-Import Bank of Korea for review.
Opinions were gathered on the draft of the government's resolution on the acquisition of the land "along the direction of the oil pipeline" for special use by the state and submitted to the State Government.
The concept of the resolution of the Parliament on the acquisition of some land for special needs of the state for the purpose of ensuring defense and security is being developed and preparations are being made.
The management of the units informed that the planned works are being carried out according to the schedule for the project units.
Minister Ts. Davaasuren gave the following responsibilities as part of the tasks presented in the quick session, as well as measures to be taken into consideration in the future. It includes:
✅ To finalize the "General Plan for the Development of Ulaanbaatar until 2040", warn about the delay in obtaining consulting services, and speed up the processing of this document;
✅ Intensification of the work related to the transfer of mortgage loan financing to the Government;
✅ Accelerate the cooperation agreement with the European Bank for Reconst
Ok let's "hope" its just a simple resubmission and that all responses are ready. Fingers crossed and all that...
I don't think its a step too far at all. We know the relevent ministries have seen it otherwise one of them could not have insisted that they put it forward imstead.