Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Jimi, so sell up and fk off you deramping sheet, very clear you deramping to get in lower scam
Cybertron, read the post correctly, fact, worst case scenario not "maybe" doesn't mean it couldn't happen. I wouldn't say they couldn't raise cash either, some companies raise at a fraction of a penny megga dilution perhaps, confetti ukog or 88e for example. Just what is the truth with this company? Well I think one way or another we will find out on Tuesday and once again be prepared for all eventualities. GLA
Oh Hamm, seriously, bore off. You have no right to bellyache after all your nonsense about how this was a done deal, when it clearly wasn’t.
But a big LOL at Cybertrash who is really highlighting how little he knows.
Please guys if you really care about your investment leave comments in the facebook.
Every little help mat make big difference. We all need to be united to get matad LP sorted.
The uk foreign minister should support us. It is not fair to be ignored after we spent millions of pounds and many years.
We can't be ripped off. Not fair, and not acceptable.
Can we all leave a comment on this Facebook post from the Mongolian embassy promoting foreign investment about the problems Petro Matad are having. It may force the issue, every little helps......
https://www.facebook.com/MongoliainUK/posts/pfbid021samV8GwxaZLKu5LxzRQgMs3YPa6nB7PrvqMfBQkmaiwZPUnMVmadwWA5XZiNsiZl?notif_id=1714229172870693¬if_t=mention&ref=notif
Dorry, pasted up too much from the Dec 23 RNS. Meant to post :
19 December 2023
Petro Matad Limited
('Petro Matad' or the 'Company' or the 'Group')
Operational Update
LONDON, 19 December 2023: Petro Matad Limited, the AIM quoted Mongolian oil company, provides the following operational update.
Key Company Updates
· The Company continues to push the Government to complete the regulatory formalities to guarantee land access and allow completion operations at Heron 1 to commence. Significant progress has been made with the Matad District authorities with one outstanding issue at the Provincial level still to complete.
London South East
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Operational Update
19 Dec 2023 07:00
RNS Number : 2180X
Petro Matad Limited
19 December 2023
Petro Matad Limited
('Petro Matad' or the 'Company' or the 'Group')
Operational Update
LONDON, 19 December 2023: Petro Matad Limited, the AIM quoted Mongolian oil company, provides the following operational update.
Key Company Updates
· The Company continues to push the Government to complete the regulatory formalities to guarantee land access and allow completion operations at Heron 1 to commence. Significant progress has been made with the Matad District authorities with one outstanding issue at the Provincial level still to complete.
No cyber. We have land use but no land access because the land over we need to access block xx is common land. Hence land access permit required.
It's not land access we have that already, we need land use agreement, why should we not be able to get it, 1st march rns States the land use agreement is being prepared, it's not not an approval,
Cyber...all of the below post of yours is 100% dependant on getting land access permit signed off (if we can get it) which we haven't yet
Hopefully we get more information on the land agreement at the AGM and where abouts in the process we are,
It's seems alot of people here are just running around like headless chickens, ones posted we may delist lol, petrovis our largest shareholder can easily give us a loan and stop buck from raising and dilution and I'm sure they know more then we do,
With local land use approvals progressing for 2024, Petro Matad is making preparations to complete the Heron 1 well. Contracts are in place with service providers and timing of mobilisation is under discussion. Talks with PetroChina Mongolia are continuing in order to have offtake arrangements including transport, processing, export and sale of oil in place once the well is ready to produce.
Header says all
Wrong for over 2 years. Simple.
Wos,
did MB manage to see David Cameron?
Is MB in Mongolia?
Is it ok MB to live in Singapore most of the time? What is he doing in Singapore?
Did MATD just find out about activists?
What has been MATD strategy in the last 5 years against the so called activists?
How come just 5 activists can cause so much problem? Fishy!
Please don't say about renewable, not now. matd priority is Heron production.
Jimi, please stop nonsense.
MB should speak out now before it is too late.
Im not sure logic applies where Mongolian economic and political decisions are concerned.
Mr BP - i invest base on political developments from LOT of research of this like New Investment Laws & many other developments.
Renewable I post lot on inward investment / support of sector and will see this with developments. I mention Assua Development Bank plenty of times & NANY other funding route.
When ADB approve $100M loan for BESS system they give 90% of total project value.
Most other chit chat here waste of time for me like Mr Jimmi rush comment Lol!
I am serious invetor BB fun & game type discussion have no use really with my investing timeframe
Other do what you want base on LOGIC yiu use for yourself 🙄
🦉
Going concern big issue.
Smart management would resolve this with a raise.
Sell it as a raise for bright renewables future...they need money.m
B/p: So how does it work b/p? Please elaborate.
My 2 penneth worth, worst case scenario MATAD delist??? GLA
Wos well traded. Understand why you are relaxed.
So much misinformation in your post as usual. Will highlight only one: grants...PM has received zero grants....the project received a first grant.. lol
Researchandhold said //BP is like a stain on humanity//
WOS - you seem to be investing Mongolian politics with some sort of Western/1st world rationale. It doesn't really work like that does it!
"PS where is WOS?" - Right here!
I am relax with my holding & like I say on Thursday did Buy more and undeeerstand Header why!
He few thing straight - Govt NOT waiting for Refinery to be build. Why would they do this? They lose revenue from PSC so try to use basic understanding here lol.
Petro Matad give herders Trucks? 5K lot for them + alternative pasture. Also 132 Tonnes of fuel etc
This problem will not be long one to get fix imo - company did anticipate this & base on "misinformation" so should be straightforward to correct
ALSO
Understand why original decision go thru on such Big majority & Production Royalty payments to local community.
Central Govt will not put in danger whole Foreign investment plans / law changes / National Wealth fund for few protestors.
Also - look into Renewables growth explosion & external funding / grants!!
Very happy to pick up my accumulation shares - will let others spend more time in BB 'flip flopping' and worrying.
I am very relax with my holding.
🦉
We have to wait until AGM and find out what's causing the delays of there is delays and how buck intends to push this through, nothing more can be done now,
Ministry dealing with land use should not be affected by anyone unless someone within is f ING about, hopefully we get some good news on over riding dornod preeek for the special purpose license too
This information has also been available for at least 18 months now!!
The work on the refinery project is going well. Because of COVID, it has been delayed by one and a half years. We believe that it will be operational by 2026," Ganbold said.
The refinery aims to reduce Mongolia's reliance on Russian oil imports. Upon completion, it will have a capacity of 30,000 barrels per day or 1.5 million tonnes annually, helping the country meet its demand for gasoline, diesel, aviation fuel, and liquefied petroleum gas.
And here she goes again. Celebrating 7 years of non drilling. Is she talking about us?
https://www.facebook.com/100011445393483/posts/pfbid04tkryRmcVnYUhGcif8txT5LTesR1Z23Vku3DxSo929FDmgikD9K2WULEZ8yi2PNMl/?app=fbl