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Nice another ramper.
I do wonder why people make predictions on time scales they have no information about.
If there were any doubts on this one these are disappearing now. As each day passes this one is gaining momentum.
Slowly but surely its only a matter of days before the good news starts pouring in.
Good luck all LTH this could be 8-8.5 very soon rns or
No rns
This is very exciting especially if we get this confirmed shortly with an RNS however let us not forget that without the LP we are just another exploration company. Admittedly one that is potentially sitting on a transformational field but still only at 20 CoS.
I do not know about others but without the LP this would change the whole of my investment strategy.from one where i am in vested iin a company able to exploit oil to one that is just looking for oil. IMO one is an investment the other is a gamble with 5/1 odds. Not much different from a horse racing punter reading the form and deciding 5/1 are good odds or not. The SP will rise and will probably reach double figures before TD as an exploration company but without the LP there is little or no foundation to the share if it comes with pure dust. Also the finances would come into question as to how long and how much of the 12m we have left if any after the drill.
I still believe the LP is coming but i reiterate we would be stupid to spud the raptor without the LP it would be a blind leap in the dark. For me this is stark reality not a ramp or a deramp just plain obvious black and white. GLA
Dozza - I hope I am wrong and you are right. We are fast approaching the end of May and there is still no news!! What's the hold up? Why no explanation from MB? What was his meeting in IOM about it must have been PM related. Why not inform shareholders? If we drift into the Velociraptor spud with no news on the LP then it really will be squeaky bum time.
Dozz. I know you had some communications with the former ambassador. Have you been in contact with this new one by any chance? Thanks
Cashrules. Don't talk crap please. Why do you think the GOM have taken the decision of granting the land permit away from the local governor and local MP's in Dornod. Why do you think the Central Government have put in a law to imprison people stopping the rule of law with corruption. Read between the lines. Why do you think Matad have been granted all permits for Velociraptor, but not Heron yet. It ain't hard to see that Matad have been held to ransom by corrupt officials in the Dornod area, whereas its all systems go in the Velociraptor area, wonder why that is ? Think about it.
Mongolia are massively touting for foreign investment, renewable energy etc etc. Do you really think they will wait until 2 to 3 years time to let them get the oil out the ground. Don't talk sh*te.
Another example which confirms it's locals causing the issue. A post below, how came TMK Energy are allowed to drill 3 wells without any hinderance from locals. Ask yourself all this or are you another trying to get in at a lower price !!!
So the 3rd drill will take 2 weeks (finish end of month).
I think the spud will slip by a week or two, I can’t see it taking 5 days to demob, pack and move all equipment to V1 and set up again.
Nevertheless, spud is imminent, anytime the next 4 maybe 5 weeks…
//Making MB wait until their refinery is built would not be very commercially minded in that it will infuriate the company and investors alike//
You really think that the Mongolian government give a flying fajita about Mike Buck and PM shareholders??? !!!
HOWEVER they do care about a bad news foreign investment story, as they are trying to attract other foreign investment, so for that reason I don't think they will wait until the refinery is built to grant the LP/SPC
Very exciting now with official confirmation of TMK drill finish end of month.
Mean Petro Matad must also know direct from contractor Majir Drilling Mongolia Group & V site preparation about to start.
RNS for that announcement expected & Cabinet Meering tomorrow of course :)
Only logical explanation was 2017 land law conflict which have now been bypass with MRPAM transfer direct to Mining Ministry who now send it direct to Cabinet with special status.
Think this is very simple explanation & first oil revenue this year :)
Having watched this company for a couple iof years and been invested since last year I can confirm that the Mongolian government do not move along at the pace of other public bodies. We're slow in the UK at making decisions but the Mongolians seem pretty glacial.
Likewise hope you're wrong about that possibility but as has been stated on here before, there could well still ve one last step of LP approval to go.
Making MB wait until their refinery is built would not be very commercially minded in that it will infuriate the company and investors alike and I expect the Mongoliams are trying to keep MB onside
I fear in Petro Matad's case it means that the oil must be kept in the ground until it can be refined domestically within Mongolia.
Hope I am wrong but its the only logical explanation for the delay.
If they finish end of may then surely once all materials are mobilized it'll take more than a week to set everything up so my opinion and it is just an opinion end of June for spudding V1. Any sooner will be a big bonus but what's another couple of weeks after such a long wait. So I think a operational update due very soon and then we'll have a clearer picture of what will be transformational for company, Mongolia and PMs ever patient shareholders. GLA
So all on schedule then... the next few months will be transformational here... single figures gone for good.
Good to hear
On target and looking good. :)
"@TMKEnergy are into the home stretch now after successfully completing drilling of Lucky Fox-2"
TMK CEO Brendan Stats"On track to complete all drilling activity by the end of the month"
That mean estimate for 1st week June V1 spud on target & reference to latest London South East interview with Petro Matad CEO Mr. Mike Buck
"We will be announcing once we mobilise to start site construction & work over the water wells we'll use as a source of technical water for the drilling. WE'LL BE ANNOUNCING THAT"
(20min 30sec into interview)
Factual info & ready for the RNS :)
First will say anyone who see BB with so many post & so much bicker will not be put off investing. Sensible person do proper research & not "I will not invest because mr Doc put thermometer in someone buttt"
BB is busy & crazy because of interest in share. Problem is when I formation get lost in bicker so do not get upset if reposted. Filter poster if problem & understand lot of new reader come & maybe they do not see it.
Also think everyone know lot of same poster not here to "must help innocent ones" but here for own trading. Simple ;)
Some of us like to give INFORMATION. Make up own mind from this even if it is give more then once. If investment not change then why change info.
HEADER. Land access issue now go from regulatory body MRPAM direct to Ministry who give it Project of National Importance.
This is because it is priority now & with all documentation to Ministries over month ago & actual signature Docunent was being prepared for submission to Cabinet at 3rd April.
This will not sit around for weeks when prepared but submit straight to Cabinet.
Pro forma Docunentation ALREADY prepared at this time for Ministries so official signature Document will have been simple process to prepare. Remember is important to Govt & have been given Project of National Importance.
Also maybe remember Isle of Mann meeting with CEO, MRPAM & MMHI in person. This will come up as very positive development in BIG way I think & soon.
CABINET MEETING TOMORROW so will see how quickly most vocal critic of share quickly jump back in for result lol. All know they do this ;)
Be happy well research & eye wide open for BB traders theatre :)
Mr Dozzababa good information & confirm estimate of V1 Spud 1stcweek if June & pre-Spud ground preparation announcement RNS CEO did say would be release.
Lot of newsflow coming
Great news, thanks Doz
Https://twitter.com/TMKEnergy/status/1658284284074143745?t=2VtlIPjw039lxthcJSUKlQ&s=19
Yes, it is landing , go to bed baby, night night..lol
Lp lands tomorrow? Aye right
It’s the manic repetitive posts that would drive anyone away…..does the opposite of what they’re intending as they just sound desperate.
I seriously don't think new investors will be so keen to buy into this share,for the last few months there's been so much mud slinging they'll probably think the lunatics have taken over the asylum. One flew over the cuckoo's nest springs to mind, Medication time: Medication time.
Doc83 you have to have share in MATD to make anything here, and every time you hear the word LP you seem to go on a frenzy, especially that clown AI investor lol, not sure whats wrong with him but he some how thinks he can go back to the future and buy shares at a lower price pmsl!