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Header say all & what most here will not understand with focus on gossiping not serious Investment analysis.
I say before Mr Mike Buck has position company in brilliant position as Header say and for fast track/ low cost Major growth / shareholder value.
Yes we waiting for final catalyst of land permission but this is where OPPPRTUNITY is - if ones really believe it will not come then they should not be here - Right?
Mining Minister address Parliament on Friday - He talk about lack of support to Oil producing sector in Dornod province and how they tender for 15 oil fields since 2018 with no interest from fiteign companies.
"We are working to make local people understand the resources of the oil industry" (Source: ikon.mn/n/35cx)
This is where Petro Matad take advantage - what some people keep crying about us actually Opportunity that Petro Matad take to establish in massive undeveloped sector which will be route for foreign company involving thru PM.
Remember 2 New Blocks just on own are "Huge" and part of Proven oil basins.
Renewables - keep mention of 2 key points - global biggest potential & funding being thrown at sector in Mongolia.
"ADB allocated $409M to Mongolia in 2023, 26 percent of which was earmarked for climate change"
Yes - we wait for (official) LP Agreement signing for Plan A and Special Certification for Plan B but a y who think this will not happen do NOT understand anything about developments in Mongolia.
Petro Matad continue preparing with contractors for 2024 Drilling Season and Petrol Matad are position for MASSIVE growth in the Energy space the sector which have actually capitalise on Mongolian beauracracy issues.
Again little poster 'gossip fighting' will not understand this - clever ones will and are building at these levels.
π¦
Someone ask when do I expect Mr BPs exit target? - H1 2024 Operational update to communicate full access on Plan A local permission & why Petro Matad already arranging operational program with Contractors.
Researchandhold said //BP is like a stain on humanity//
// He talk about lack of support to Oil producing sector in Dornod province and how they tender for 15 oil fields since 2018 with no interest from fiteign companies.//
Maybe the foreign companies who don't bid know more than Mr Buck about the potential for investing in Mongolia.
Read back post again and see what is being said about position Petro Matad establish, Legal/ Investment change since 2018 and Mr Mike Buck comments about Foreign company access to massive ongoloa resources thru JV with company that have 'in country' contacts / experience π
// He talk about lack of support to Oil producing sector in Dornod province and how they tender for 15 oil fields since 2018 with no interest from foreign companies.//
Oh the irony! The activists believe everyone wants to steal their resources and in reality no one wants to have anything to do with Mongolia!
I really hope that when the perplexed and concerned government ask why no one wants to put any money into Mongolia, the response is, it's because of the shocking treatment of Petro Matad.
That is Irony but also Opportunity!
We understand now lot of PR so people look at Petro Matad as DOMESTIC not foreign company. We also understand this working with protestor reference to this.
Also action against st protestors with threath if Legal Action / Fines / Account susoension - I posted on this.
Mr Master gue feedback from Mata Sum Council leader on support for Petro Matad - I expect this all the time anyway with such big Majority vote in favour of Agreement & understand it is negotiating for little bit more 'benefit' but will not obstruct drilling 2024 plans & why all preparations going ahead.
I invest in Aim market for major growth Opportunity (not Main Market for little growth) and I see this with Petro Matad and from wider research / understanding of Investment situation.
Opportunity here is Massive & because of sentiment but Operational preparation going ahead.
Reading the article and it clearly shows Mongolia is run by people who do not have business sense. Or even common sense.
They invest 1.5bn to build refinery via a loan that will need paying back. Yet no action plan behind it. No feed stock sourced from the beginning.
They have feeding stock right under their feet yet they want to be awkward and try proof that they are protecting the environment.
Looks like India will find it hard to get their money back.
They dream big and want to be like the middle east. Keep dreaming I say
βMining Minister address Parliament on Friday - He talk about lack of support to Oil producing sector in Dornod province and how they tender for 15 oil fields since 2018 with no interest from fiteign companies.β
I refer you to my post the other day when I said talk is cheap.
If I was MB I would give few interviews on Bloomberg and other economy news channels and make some noise.
Being Mr nice don't get you anywhere.
Mike Buck, CEO of Petro Matad, said (Dec 2023):
"On the land issue, we feel that we are almost there, but we will keep pushing until the process is complete. In the absence of any recent precedents, every step has been something new for the Government which has caused delays. We will certainly be ready to operate at the end of the winter stand down when we expect the long running saga of land access to be fully resolved."
When Central Gov. came in they have to make Legal reforms / change investment laws from Commynity base control to Cebtral control - this make better In estment environment but have taken time.
Look at how they transforming Economy, GDP / Economic figures, Settinv up Sovereign Wealtb Fund etc
BB just seen little world view but lot of Cabinet / Advisors foreign educated & major changes happening in Mongolia now.
Petro Matad will be at heart of this and where Opportunity is.
Look deeper then BB gossip! π¦
Mike Buck, CEO of Petro Matad, said (Dec 2023):
"On the land issue, we feel that we are almost there, but we will keep pushing until the process is complete......We will certainly be ready to operate at the end of the winter stand down when we expect the long running saga of land access to be fully resolved."
Mike Buck, CEO of Petro Matad, said (Dec 2023):
".......We will certainly be ready to operate at the end of the winter stand down when we expect the long running saga of land access to be fully resolved."
Mike Buck, CEO of Petro Matad, said (Dec 2023):
".......We will certainly be ready to operate at the end of the winter stand down ...."
Researchandhold said //BP is like a stain on humanity//
Hasn't PM been "ready to operate" since the end of 2022 when the 2-week workover team were assembled in the country?
One man is even scaring the current investors away from Mongolia. Petro china diverting their money to Russia.
IMO PC will probably sell up and invest in friendly Russian as china and Russia has good relations. Russia probably has lots more to offer on friendly terms.
Mongolia will remain cash poor for decades to come.
There is no doubt whatsoever Mongolia needs foreign investment
Its how they are going about to try and encourage that investment which is in question
They need a modern proactive PR team locally and at international level
What Mongolia needs is honest people. Have business minded people. Stop hostility towards foreign companies and throw the mentality of this our land and we want it for ourselves out of window.
When does parliament shut for recess? Is it before the Naadam festival? If so that's about 7 - 8 weeks time.
Mr Master - we are lucky to have you here to not only as CEO replacement (as you offer) but also to run Country!
Thank you sir! π¦
Wos when you see something wrong it's wise to point out.
Both are useless. CEO and the government.
Why are they not successful.
Mr Master - of course sir BUT
Change what you can - Accept what you can't - And be Wise enough to know difference!
And if you cannot accept it - Sell & stop crying about it.
Be Wise sir π¦
Wos, your probably the smartest poster here have to say, yes be an adult be sensible, there's no need to behave like big kids on here
Mr Cybertron - good advice. Thank you sir π.
Mongolia GDP increase by 7.8 percent Q1 again at same period last year.
Lots of things going right with Govt & any analysis will show old systems replacing with new Laws / systems.
Petro Matad will have critical position as part of growing Energy sector.
Go past BB chat & see what really going on.
π¦
Wos do you know why middle east countries like Dubai and Saudi are successful.
Because they get foreign companies and foreigners to do everything for them. They just enjoy life. Specially in Dubai.
The secret to success is get someone else to do the work for you and make money managing.
Not we want big pie of everything but we do not have money to invest.
Why are African countries poor . Corruption. Big companies taking advantage of the poor by just making few rich in power.
Why is china rich. No corruption at high level. Death penalty for corruption.
Any country that has corruption at top level are usually poor. Just like Mongolia.