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This should be slightly over 7 and the reason for the delay in the push is the MB not getting his skates on and releasing long awaited news
Come on BOD let's see what you've got to say
About time
The funding for all Petro Matad's upcoming plans can be more than funded from the sale of oil from the Heron field.
It's a company maker.
Further funding will only be required if the Land Permit isn't granted.
That's why it's so important and why we're all anticipating a very good Share Price rise when it is.
Really Badprofit do at least try to make your posts marginally credible or difficult to shoot down or else you'll rather lend weight to the story that you're trying to undermine?
Agree with compensation part. We should have been flushed with cash from Oil sales for at least 2 years worth of revenues.
With over $12m in the bank, we should have plenty healthy cash balance left. Velociraptor-1 cost is only $1.7m - $2m range.
Heron-1 workover is only 2 weeks work before we get going.
New Blocks will cost a small amount.
We could also Farm- in for both Block V and Block XXVIII. Spend more cash in increasing from 3 - 15 wells as planned.
Oil & Mining Expo in September 2023 should also be good platform to attract any Multi-national companies looking to invest in Oil and Renewables in Mongolia. Massive Upside from early mover advantage.
PetroMatad will look a totally different beast within next 12 months if all goes to plan.
You should have a MASSIVE smile when you look at this low price next year when sitting at multiples.
//Just wondered as existing Matd funds are for Velociraptor and Heron not producing income yet, so...//
There will be another fund raise later this year IMV.
https://twitter.com/smasters2020/status/1649357606341713920?t=FNaEqsns2b2B7iRXrG0g5w&s=19
Dyor and you will realise PM is building up to become a big player with oil and renewable energy.
https://twitter.com/smasters2020/status/1649358908618596355?t=UgBkcrMt4QkdYFsQ6usqPQ&s=19
Lol.
Just wondered as existing Matd funds are for Velociraptor and Heron not producing income yet, so...
Mongolian Investment Guide.
An extremely interesting read.
Well worth the trouble to read completley as it's very indicative of the attitude of the Mongolian Government to inward Foreign investment.
Nothing. the MG are going to give them us for free, by way of compensation for costing us 2 years worth of lost revenue due to their fukking about.
How much will these new blocks cost?
Interesting.
Local activists getting annoyed about the English…
‘Friends who sell should not’ (and sold out to an English company).
Live price gone blue right now, think we will head towards the 6.5 to 7p mark before LP RNS lands then we have the long awaited velociraptor drill RNS to land, so loads to come here and you can see why the desperation from some to keep it low
Add the new licenses which maybe worth quite alot
15p is the minimum here heading upwards after that on various projects coming in
Buy/hold this is an easy one to make money
Page 20 onward
https://anyflip.com/opmlo/snyx/
Are Sneaky one buying now ;)
Be happy :)
Here is link for New Tender Block.
I did try to post before but did not work. This will be VERY useful I formation to understand New Block, size, what seismic already done. Hope it help people understand what Petro Matad doing here.
Easy for sneaky one to criticise mr Master & other but they put NOTHING useful on BB
https://anyflip.com/opmlo/snyx/
Will understand how this all fit with DQE & exoansionif company with production revenue & increase of shareholder value
Be happy but well research :)
One of the most frustrating things about matd is trying to read between the lines because its so difficult to translate mongolian docs and posts etc.
However if you take all the info including RNS, Activists posts, BB comments and research you can make a judgement. Master has been particularly good at researching from Mongolia. I don't see him as a ramper. He is bringing new and relevent news to the debate and supporting it with pics, maps that include date stamps etc... Its not easy. When you try to translate the activists posts about the dead animals on PC land for instance it comes out differently every time. I have seen them called Hyenas, Ostriches, Antelopes and even nephews and grandsons but never sheep, goats or cows. You have to try to second guess some of it. One thing I did see that gives me hope is that the post by one activist, translated as "FRIENDS WHO SELL FROM MILLIONS OF TUGRUGS SHOULD NOT GIVE A F#CK, ENGLAND PEOPLE ??" was posted on the very same day as the document that master posted. 17th April.
thanks for sharing master
@master82,great to see you back.Many thanks for the update.
ATB
GLA
I think MB has used his brain and got paperwork signed before he signed up for new blocks.
PM 2023 life changer.
Everything is coming together.
Trust me plenty of time and efforts have gone behind all this research and I will only post if I think it's relevant
Barclaysshare- thanks, I don’t ave L2.
Appreciated.
Thank you for research mr Master
Get better & better :)
RNS follow soon.
Thank you fo
I will explain later on what I found and put it together to make investors here realise what the new blocks are for.
I found 2 paperwork which indicates that mrpam has send letters to local government asking for the land to be used for special use.
I HAVE NOT FOUND letters like this before which is an order to the local government.
2 block coincidentally right next to PMs blocks and with paperwork signed.
Remember this is not just for exploration it's also will be used for renewables as there's infrastructure present in these blocks . Plenty of villages towns and population in these blocks . Compared to block 20 nothing for miles.
I'll post it later and folk can make their own mind up.
Theses paperwork are I think directly involving PM.
5 blocks are up for grabs and PM has got 2 next to existing PMs blocks.
Coincident or clever planning
Maybe you like to talk about company mr PAYJJ swith I formation to support what you say sir?
Maybe not ;)
Be happy but not empty :)
I don't see the posts as deramping necessarily.
I guess they are trying to keep a level head. It's difficult to take this forum seriously when wiseowlspeaks keeps posting utter rubbish as if he is some sort of wellbeing guru...this is a chat room for informative share related chat... And NOT the place TO randomly PICK words that YOU want to make INTO CAPITAL letters as if THEY are IMPORTANT words :)
Good day all