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Read again and maybe your incontinence issue is not from laughing but crying sir for not holding MÀTD shares ;)
LP Documentation already circulated among relevant Ministeries for URGENT signing as PROJECT OF NATIONAL IMPORTANCE.
Maybe you not aware that special designation like this mean LP pretty much 100% and will be rapid signing.
You get back to PMSL Mr Bad Proohet because I hope you do not hold MATD share for big breakout about to happen
Be happy but dry :)
PMSL… can only stand for
Petro Matad Special Licence?
Whoa… stop the crazy ramping BP, it’s not landed, not yet
:-D
//The rest is pure bureaucratic hurdles that will probably be cleared without any problems.//
PMSL !!!!
First of all, I have been invested in PM for many years and have experienced some highs and many lows. However, in my eyes, this PR is finally the breakthrough I was hoping for.
1) PM has set a fixed date for the drilling of Velociraptor 1 in an official PR. There is nothing more to speculate about it!
2) The official go-ahead from the responsible ministry for Block XX has finally been given and is on its way. The rest is pure bureaucratic hurdles that will probably be cleared without any problems.
So everything is fine and I am more relaxed than ever about the future of PR!
Fair enough doc.
Anyone here invest in ADV? …. 90% chance of success (hitting oil)… and failed. There’s always risk in any investment. I sold ADV before target depth.
But I do like the chances of the LP here.
GLA
Yes agree DOC always important to remember there is risk
“Is the risk vs reward here good? …. Yes”
Agree with that. Just that some would have you believe there is little or no risk!
Sheesh the debate here.
Is the LP gaurenteed? …. No
Is the LP likely given ….. Yes (more likely than drilling for and finding oil!!)
Why? …
1) all the work competed to date as uncovered by master 82
2) the government want the oil pumped and sold
3) the government have to show they can work with outside companies to attract investment
Is the risk vs reward here good? …. Yes
Not much more to know. Invest on this or sell on this.
The retained Exploitation Area includes the entire extension into Block XX of the proven and producing Toson Uul Basin. This basin contains an estimated 2 billion barrels of in place oil in the PetroChina operated areas in Block XXI and XIX immediately to the north of Block XX. Under the Exploitation Licence, the Company can continue to explore in order to increase the proven reserves within the area and has identified on existing seismic data, prospects and leads within the Exploitation Area with recoverable resource potential in the range of 100MMbo to 200MMbo in addition to the potential seen in the Heron structure. yummy yummy. And if V1 is a hit definitely happy days :+)) GLA
If you read RNS under Block XX section it say
"Documentation ALREADY PREPARED by the Ministry of Mining and Heavy Industry and CIRCULATED to other relevant ministries in advance of submission to Cabinet"
Paperwork all complete and now final Signature any day now :)
If you read RNS under Block XX section it say
"Documentation ALREADY PREPARED by the Ministry of Mining and Heavy Industry and CIRCULATED to other relevant ministries in advance of submission to Cabinet"
Paperwork all complete and now final Signature any day now :)
iamrich - and why do you think we need to hear your inane "this is going to smash 6p this week, 15 p next" blah blah blah crap?!
*2 more green boxes from my friend WOS the POS. Lemme guess... some kind of derogatory comment and then "be happy"? LOL.
Resistance 5p, 9p then 33p.
Think build up to Velocirapror / LP first 2 going to be smashed through. Then DQE partnership RNS, New Licence RNS all can see where go
Happy to be holder of MÀTD at this transformation time :)
Lots of trader now CRYING but will cry more with breakout happening.
Do not understand they say Velocirapror in June so think will BUY in May but lot of investor BUY early & why breakout will happen early. Very simple logic
LP clever one see now go trough SPECIAL DESIGNATION and Central Govt 100% behind this. Paperwork get sent to Cabibet & sign so could be in few day.
Why you think new licence on offer & Mining Minister go on tour to attract foreign investor?
Trader like mr BP & sneaky Doc say this morning "flat fart" but will be them farting with fear now because MÀTD price breaking out.
Fart now or pooo later. Your choice because SP just start BREAKOUT and will be much much higher over few days
Happy to hold my MÀTD share & have pant up :)
Doc83 yes you keep your feet on the ground and make everyone here be sensible, why are you so worried about the rest of us? Lol!
It's important to read the RNS very carefully. Overall, it's positive but there could still be a way to go yet.
As it stands, nothing has even been submitted.
"Documentation has been prepared by the Ministry of Mining and Heavy Industry and circulated to other relevant ministries IN ADVANCE OF SUBMISSION TO CABINET to secure approval to certify the Block XX Exploitation Area as a Special Purpose Area... we are pushing for the matter to be brought to cabinet urgently..."
"We continue to push the Mongolian Government FOR the certification of Block XX... and are pleased that the Ministry of Mining and Heavy Industry is PROPOSING the certification on the grounds of this being a project of national importance."
To reiterate for those that are a bit dense - I am LONG MATD and want this to do well. I'm still keeping my feet on the ground. Words like guaranteed and 100% are irresponsible.
Aspers - I wouldn't be surprised to see this creep up a bit more in the coming days with the RNS and positive expectations stoked once more. But if the LP doesn't arrive within the next few weeks, it would surely drift lower again.
It would have been nice if the RNS had given us a bit more of a clue about how long decisions that are "in the national interest" take to get through central government. Is it days, weeks, months?
Greenbacks……..I will be sticking with my estimate of 3p and I have very good reasons to say that. Time will tell.
April fools day is gone - stop talking sh@te
4.3p resistance then 5.4p….
A sound and reassuring RNS....so sit back and chill in the knowledge that things are definitely moving in the right direction.
Been in here 3/4 years now (Was also here in 2011 when we were at circa 150p ) so what's another 2-4 weeks / couple of months ?
Next week or 2 this will climb to 6p then LP lands and boom!
Loads of decent buys rolling in today
I see your 90k and raise you 10k old bean.
more good news..
+16
Angela Barnes
Mon, 3 April 2023 at 9:00 am BST
In this article:
RYDAF
-4.45%
SHEL
-0.69%
000001.SS
+0.72%
CL=F
+5.35%
^FCHI
+0.38%
^GSPC
+1.44%
^IXIC
+1.73%
^HSI
+0.04%
GBPEUR=X
+0.0686%
GBP=X
-0.2096%
EUR=X
-0.1193%
^FTSE
+0.69%
^N225
+0.52%
BZ=F
0.00%
^GDAXI
-0.01%
GBPUSD=X
+0.1905%
USD=X
0.00%
^DJI
+1.26%
BP
-0.11%
BPAQF
+3.86%
FTSE This file photo taken 14 October 2003 shows a tourch burning excess gas on a Total platform off the Angolian coast. Oil prices continued to strike record high points because of supply concerns after an unspecified threat caused the United States to shut its embassy in Saudi Arabia -- the world's biggest exporter of crude. AFP PHOTO MARTIN BUREAU (Photo credit should read MARTIN BUREAU/AFP via Getty Images)
Oil markets in focus after producers announce crude output cut. The FTSE rose on Monday. Photo: Martin Bureau/AFP via Getty
European stocks and the FTSE 100 opened mostly higher on Monday with oil stocks gaining ground after top crude producers announced an output cut that will exceed 1 million barrels a day.