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Meetingbwith local representatives
? THE 15TH REGULAR MEETING OF THE PROVINCIAL CITIZENS' REPRESENTATIVES MEETING IS HELD
The regular 15th session of the provincial assembly began on March 6, 2023 at 9:00 a.m. with 74.2 percent attendance.
At today's meeting:
1. Establishing salary standards for executive management and other employees of locally owned legal entities
2. Amendments to the provincial budget for 2023.
3. Amendments to the rules of the "Choisalan Development" National Development Agency.
4. Approval of the "Open Eastern Province" program to support citizens, businesses and organizations moving from Ulaanbaatar to the local area.
5. Local property issues:
5.1 About deeding of property / Budgetary organization/
5.2 Transfer of property between organizations
5.3 About taking property as income and recording it in the account
5.4 Transfer of building /"Small and Medium Enterprise Support Center"/
5.5 Transfer of Assets
5.6 On support for building transfer proposals
5.7. About managing property relations.
6. About voting. /Department of Minerals and Oil, 10/2022/ 5481 will be discussed separately.
Local meeting arranged for public on the 17th at 11am.
Its a small community so PM will definitely be discussed.
The 17th Lunar Lunar New Year meeting of the Year of the Rabbit, called Showman, will be held on March 17 at 11:00 a.m. at the Eastern Protection Administration on the eastern side of Towang, so natives of Khentii Province in Dornod Province are invited to attend. Local Council
Tree shake? I don’t think so… Stock markets dropping
The way its looking is that the local council has had a meeting amongst themselves, and next week, they are inviting the public to get their opinion.
Buy the drop a very good opportunity here at this price.
Stock market will have a quick recovery mon/Tuesday also news due, topped up anyway gla
It’s a bit concerning… Jitters over health of US banks spark global stock market sell-off
Buying opportunity is way I see it as well mr Asher with market recovery next week + RNSs anticipation from MATD
Mr Master think we all know & indication already given from other thing and even mr Mike Buck that all will sort at Local level so expect this news of LP next week :)
This share does my head in it's up and down more than a professional persons underwear, see how politically correct I am lol. Wouldn't be surprised to see it finnish the day blue to be honest bit of a roller coaster ride. With all the news expected in the coming weeks and months I can only see good times ahead for PM just a bit of patience needed GLA
Looks like the markets are recovering
In a way Petro Matad is a bit of a lightweight stock.
It's funded by endless funding rounds and generates no icome to pay the bills.
It exists on hope and expectation, as such it'll always swing a bit with the prevailing mood on the day.
Once there's a Velociraptor drill date or Land Permit this will change.
Once oil is being produced and sold to bolster the balance sheet it'll be a completely different Kettle of fish.
Tmk energy are starting their drilling programme in April . Preparation is already being made, and they are using a Canadian drilling company.
Must the same company that PM are usning.
So everything is kicking off in Q2.
“Operations for the upcoming Pilot Well Program are in full swing with construction of the camp
well underway and long lead items and equipment being delivered to site in preparation for
the commencement of drilling in early April.
We are currently in advanced discussions with the local mining operator on how to utilise the
valuable resources of produced gas and water from the Pilot Well Program and we aim to
formalise this shortly.
As we look forward and the project advances, we have also commenced feasibility studies on
power generation to meet the immediate power needs in the local area which is up to 70MW,
as well as other early commercialisation projects such as CNG and mini LNG options.
We continue to engage with PetroChina and other interested parties that recognise the
enormous potential of the Gurvantes XXXV Project and develop these relationships as we
progress though key milestones for the Project.”
For personal use only
Figure 1 - Exploration Camp for Pilot Well Program Under Construction
Don't forget buck told us the drill company have a new and bigger drill coming over to Mongolia which we can use if it gets here before the other one is free to do so, so drill let's say is happening in Q2 just dates needed, I would guess from the date we get RNS a month after drill will take place
Q2 will be explosive here with both LP and velociraptor both landing smashing new highs, buy hold research if not in yet, and make money this is matd year where it will do unpredicted rises
1,The results of the technical proposal submitted by the enterprise for the selection process for granting a special license for mineral exploration will be published in the electronic system of State procurement on March 16, 2023. 2, THE DISCUSSION ON THE REVISED DRAFT OF THE MINERAL LAW IS IN PROGRESS.
The discussion on the draft revision of the Minerals Law, developed by the Working Group of the Ministry of Mining and Heavy Industry, is being presented to the public on March 9 and 10, 2023. Voting will be held in the hall and online.
B. Byambadagwa, State Secretary of the Ministry of Mining and Heavy Industry, opened the discussion, and M. Mendbayar, the head of the Ministry's Mining Policy Department, presented the revised draft of the Minerals Law. About 150 representatives of government, private sector and civil society organizations are participating in the discussion. And finally 3,
"INTERNATIONAL MINERAL EXPLORATION AND EXTRACTION CONFERENCE MEETING 2023" STARTED
The 91st annual "International Mineral Exploration and Production Conference 2023" organized by the Canadian Association of Prospectors and Producers (PDAC) began yesterday, March 5, 2023, in Toronto, Canada.
Mongolia has been participating in this event for the 17th year since 2006. At the conference, foreign investors will be given comprehensive information about Mongolia's mining industry, exchange ideas with industry ministers and other stakeholders, seek opportunities to improve the investment environment, and further engage with investors and industry experts. important meetings will be organized to exchange opinions on cooperation.
In addition, our country will open an exhibition area and present the country's prospects for minerals, the infrastructure of the industry, the reform of the legal environment, and the policies to be followed in the future.
At the "PDAC 2023" event, Minister of Mining and Heavy Industry J. Ganbaatar from Mongolia, Ambassador Extraordinary and Plenipotentiary to Canada Y. Ariunbold, Director of the Department of Minerals and Oil L. Bayarmandal, Geological Policy of the Ministry of Mining and Heavy Industry Head of Department B. Uyanga, Executive Director of Mongolian National Mining Association G. Erdenetuya and representatives of major companies are participating
Thanks for this Jim but as i see it there are two things here and not one. There is the issue of mining rules and laws internally to Mongolia and then Mongolia's part in the wider world and open doors to the wider world.
As regards the internal bit does this mean we are likely to get a result on Thursday regarding the LP and do you foresee any problems. Am just a bit concerned about this going to the public for a vote. We are not expecting any unpleasant surprises are we.
A few thoughts on why I think the LP is in the bag.
It's not that long ago that the MG granted pm the EL, if
they didn't want us extracting the oil then that was their
perfect opportunity to stop it but they didn't they said
here's the EL go get that oil.
MB has had numerous meetings with the relevant minister
and sounds very confident that the LP will be granted, nods winks and handshakes.
The British ambassador has also been on the case and he too
is very confident the LP will be granted.
The MG is trying to attract foreign companies to invest in their
country if they refuse us the LP what message does that send
to those companies who could potentially be spending millions.
It would be like putting a closed for new business sign up. Why would
they do that it wouldn't make sense.
MB has probably spent a small fortune on all the equipment needed to
do the work over and to put heron 1 on production would he really spend
all that money if he wasn't sure, nods winks and handshakes remember lol
all just my hopes and opinions of course dyor, let's hope for an
exciting week next week GLA
Very sensible summary C00.
Also Mongol Govt have tender for 14 new licence which Petro Matad help to arrange. Also trade mission to Canada & Philippine last 2 week to attract foreign investment. You think Govt do this if they not going to give LP soon lol?
Personal opinion I think lot of people see market red on Thursday & Friday so think will do trading. They get trip up when BUY support for MÀTD so strong on dip & difficult to buy back share.
Can see how they posting change ;)
Lots just hold, wait & some even increase holding. Very confident what will happen & this is our opinion. If you want 100% guarantee for everything put in bank please but even that not 100% guarantee lol
Be happy :)
c000, exactly and all the evidence suggests to me and my opinion that this is a done deal as it can get, we all know the main central government want this and want to give matd the LP, buck recently also stated local government was also happy to issue it as long as matd did not mess around and so far they have been happy with matd,
Anyways for me it's happening but the hurdles are what's taking time, hopefully a decision will be made by the 16/17th march and we should hear very soon and that decision to me is a grano of permit, yes I'm very confident due to all the evidences,
People should research and understand what is going on or what has happened so far,
Q2 is looking explosive, some must realise that there was mis communications and the pandemic that slowed us down but that no longer is the issue and all back to work like the rest of the world,
filetmignon, glad to see you are still invested here hopefully this is the year we've all been waiting for all these years. GLA
Be great if it lands this week
Excellent post Coo - my thoughts too
LP lands before velociraptor drill happens this is going to 15p
Velociraptor lands before LP 10p
LP lands after velociraptor still 15p
Then comes heron drills 20p
Velociraptor success 30p if failure then we stay at 15-20p untill we get more wells up and running, but seems like a drill bonanza is going to kick off fro this year and non stop with dqe partnership and money coming in from the heron wells
This should be 6p plus easy right now!!!
c001959 - the cynic might say that the MG know exactly what they’re doing… get some poor souls to do all the hard work finding the oil, then delay and delay the LP so they can have it all to themselves when said exploration company goes bust.
If Matad were bigger and one of the only oil companies in Mongolia, I’m sure they would have told the MG to shove the EL for Velociraptor up their ar5e until Heron LP was given. Quite cheeky if you think about it to say please go find some oil over there when you’ve already found oil over here but we won’t let you get it out of the ground.
Ps, WOS you POS AKA Magnus49, I couldn’t give a flying owl what you think of my post before you spout off.
Doc83: It appears you consider yourself a cynic - which confirms my understanding of your posts.
Ojay - you have declared yourself a supporter of UNwise owl. Which confirms to me you are a bit simple.