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Curious seriously are you for real? RNS from 3 April states clearly paper work circulated, and last RNS says it was all completed but has to be resubmitted
Personally imo i think since the first submission of the request for the special certificate happened, everything has changed. MMHI and MRPAM have imo realised that due to the massive increase of oil required by China that they have to now protect their own oil, as well taking into account the new oil refinery. What a total catastrophe it would be for the MG if PC took over PM and shipped all the oil to China and there was no oil to fulfill the new Oil Refinery. I believe as said imo that the new agreement which is a JV between PM and MG safeguards the oil hence why they have also revised the PSA's.
Ref the LP who knows when it will be here, but i believe it will and as previously said i cannot believe MB would go ahead with Velociraptor spud if he wasn't guaranteed the LP for Heron.
Thanks for your reply max. I am sure MB has been as disappointed if not more as we are.
surly MB wants LP again as much if not more as we shareholders.
for all reasons I am sitting tight and holding my valuable shares.
I am still very positive to get LP hoping before spud.
Yes. PetroMatad have strengthened their relationship further with MG with the new company being incorporated.
I am not sure why Ministry of Construction and Urban development was not included first time around. Guess they just want to air their importance by being the ones also involved in this historic moment before Oil production starts from Heron oil field for coming decades.
Great post Manx.
Paperwork completed yes but that DOES NOT MEAN it was distributed, all have read and due diligence issues settled.
Good morning, Hamm.
I don't share your view of MB. I feel he is hugely disappointed himself, but this is virgin territory for the MG and there is a degree of making it up as they go along.
MB has to keep himself and our company clean and ingratiate with all parties that are brought to the table as the MG muddle through this process.
MB has met many people, invested a lot of time in learning the corridors of power, how it works, who to talk to and how, in a very under developed and slightly simple land. This intellectual property and built up trust can not be under valued when all are so nervous and new.
A hard approach would most likely have closed many doors and our company would have failed easily. However, we seem to be the trusted western company that helps and that they wish to give preferential access to. This, though, can not be seen to be illegal or benefit PM over others during any issuance of LP or newly tendered blocks.
I see this all as hugely valuable and time will tell if our closeness will deliver the prizes we are wanting. I believe the LP is only weeks away with due process.
The rest smells good and is worth a punt.
Good post Hamm
But did MB actually say. "MATD is the first oil company getting permission to extract oil and for that reason the process is new to MG" ??
I think the process MB is referring to as 1st/ new is the special purpose certification for the oil field in order to override the land access issue (rather than oil extraction per se).
This land access issue seems to be unique to block XX as far as I can work out.
Curious lol read RNS it's says the paper work was completed but...
Badprofit banned I reckon for his disruptive behaviour, looks like admin are looking into these guys now
Fact check....this is NOT fact. It is an unknown how far previous submission advanced.
//The ministry's have done their due diligence and all they need to do know is to just re sign the papers//
I think LP could land in the next 3 -4 weeks tops, as we know the paper work was completed but didn't get a the time it was completed and then the land development resubmitted so I'm thinking it may have taken a month to get this done and most likely submitted 2 weeks ago or even last week,
The ministry's have done their due diligence and all they need to do know is to just re sign the papers,
Im sure this will not take too long now, and do believe people will be caught off guard when the LP lands all of a sudden unexpectedly,
Expecting spud of velociraptor and LP at the same time
Yes i think myself and iamrich took it too far and cluttered board. Apologies to all. I will refrain from such behaviour onwards
Minister of Foreign Affairs meeting Saudi’s next few days:)
Jeeeeeezzzzuuuss WOS you’re like a broken record …so what … it’s according to you been today, tomorrow or next few days since January.
Most of us on here are just shareholders… we didn’t sign up to be tortured with all this drivel. I’m meeting my boss on Friday, but it will be an irrelevance to MATD like all your hype and desperation!!!
Thanks for popping up. Thats helpful so just click on his name.. all posted deleted yesterday for abuse.
Curious lol, still here moaning about everything, take a chill pill and just wait like a adult for the deal to close,
Ianrich
Looks like iamrich is in the sin bin. All posts bar one deleted since yesterday morning.
Indeed.
There also may be a coincidence of timing between the MG visit to the IOM and the opening of Petro Matad Energy Ltd, without any link. MB may have used the visit to also set up a new subsidiary whilst on island and there may be no jv with this new company in regards to ownership of shares in this Ltd company.
It could have been good strategic planning only.
We will wait and see.
My handle is Manx Kippers. I live on the IOM and I like Kippers. Nothing fishy about that....!
Umm not sure there is any fact in that the lp could drop at anytime.
Just differing views on a tinescale. No need for strong emotion
Is PC doing oil activity in Mongolia? Drilling and extracting oil in M? If the answer is No then why activist are upset with PC? If the answer is yes then why MB said MATD is the first oil company getting permission to extract oil and for that reason the process is new to MG!
Why MB hasn't been clear transparent about IOM?
why MB is so adamant and reluctant to share news with holders?
Is it true good news comes fast?
why MB didn't ask MG for a deadline for LP?
Isn't it better if shareholders to put MB on spot so he may feel a bit accountable?
is it MB lack of charisma/ authority that we are where we are?
what if another ministry asks to have reviews too?
why the ministry of construction didn't raise the issue before? why now?
why none of the BoDs who are Mongolian are actively doing sth?
what does national importance mean? to us and to them?
to us means LP granted fast.
to them delay as much as possible?!
Is it guys ok and effective that MB just sending letters to them and thinking LP is coming?
why doesn't MB and the CO don't speak up?
they look to me they accept anything they are told! aren't we taken for a free ride?
I just don't accept spud with no LP and not comfortable with MB attitude.
Al-Investor: "just saying that is you are expecting an rns in the next couple of weeks prepare to be very disappointed"
This is YOU speculating/deramping, where is the fact?
Walk your own talk please!
Be happy 🐷
Not quite sure what you mean by that, just saying that is you are expecting an rns in the next couple of weeks prepare to be very disappointed
Next Thursday is the 1st of June
I would say that it would certainly not be dropped this month at the very least.
Nobody knows. Back to 6p before Friday close IMHO