Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Mr Ibiza think we both agree look like something BIG for high level Mongol representatives to be there IN PERSON and link with major Investment / Growth in energy sector.
Like you say should hear very soon.
MrNotPleb
Looking at Su Steppe website by itself not enough. LOT more research into sector require.
Ex Have been following dialogue between high level Govt meetings with China rep from energy companies there. Lot of talk of major infrastructure investment into Mongolia renewable.
Website & mr Buck talk about renewable export to China. RNS say "at pace development & NEAR TERM REVENUE" from Renewable
I tel look at 2 main drive to service National Grid and China market. Development Bank heavy involvement & grants.
Memorandum sign with Asian Development Bank for Mongolia to join Asian super grid.
Wolfson Capital (SunSteppe partner) already did involve in project with ZTT Int for First Utily Scale Energy Storage Project which Prime Minister did open.
Recent Prime Minister visit to Beijing meeting mostly with Energy company exec.
China 2030 renewable energy transition will be 5 year ahead of schedule to 2025 from research by GEM (Global Energy Monitor).
I see RENEWABLE sector as MASSIVE growth area for Petro Matad but just reading SunSteppe website not enough to understand this.
//Wondering where near term income is coming from//
Me too - you don't get summat for nowt. Renewables will need substantial upfront investment to produce any return. Where is that money coming from?
Header say all but please read if you have patience ;)
- RNS follow by RNS follow by RNS in Q3 2023.
- Oil Production in 2023
- Near Term Renewable Revenue & Explosive Growth of sector with China / Mongol Govt investment/ Contracts
I will mention 2 other point just to helpreal investor.
Petro Matad have PLENTY of cash for operations. RNS ONLY 3 WEEK AGO say "enough cash until AT LEAST 2024"
Some people want to make discussion about phantom placing. When we have clear statement only 3 week ago think this is sillly. Last time company need money to secure 2023 operation AND set up Renewable JV/ New Blocks.
Now FOCUS on Block XX development with Renewable contract attracting inward investment.
(* If you believe placing talk from traders do NOT invest & miss coming newsflow ;) )
"Follow up formality to conclude paperwork mean just that.Cabinet have instructed officials to conclude this and expect within next couple weeks with Petro Matad already talking to service providers to arrange WORKOVER / PRODUCTION.
Some say but had so long delay before. Maybe same one should think delay before was to bypass 2017 land law which give local govt power. This is VERY DIFFERENT from Cabinet Special Certification given, protected in law & direct order of Cabinet to complete FORMALITY for start of Block XX operations
This is long post but must write because SO MUCH disinformation / sillly logic people try to use for selfish reason.
Petro Matad have been MASSIVE DERISK with land access issue sorted out & now start of move toward PRODUCTION / REVENUE GENERATION & massive Renewable sector involvement.
-DQE deal
- New Block news
- Block XX operational updates
- Toson Uul (3 Bn bbl estimate)
- Renewable near term revenue
MASSIVE NEWSFLOW STREAM!
Renewable contract capital come from stage payment by Contractede (many China base). Also check out investment input by World Development Bank & other Funders to grow sector
Basic research sir. Be happy ;)
And with only one customer for its energy products - CHINA - won't they have Mongolia over a bit of a barrel when negotiating prices?
If someone have you over barrel maybe you still enjoy experience sir Lol
Answer NO. Also read what I say about National grid. Also think in business sonetime better to leave paranoia to side & think how business work for mutual benefit of parties
Think business not BB twisted logic ;)
RNS follow by RNS follow by RNS in Q3 2023. - so what?
- Oil Production in 2023 - or 2024 (maybe)
- Near Term Renewable Revenue & Explosive Growth of sector with China / Mongol Govt investment/ Contracts - haha!
Be happy.
The Chinese might swallow up little old Matd….. they have funds coming out there ears.
Has no one clocked the confusion with the rns pm and sunsteppe
Petro Matad is forming a joint venture with a very active and successful Mongolian renewable energy project developer called SunSteppe Energy
Its forming a joint venture with itself?
https://www.wolfsonmn.com/team/ Wolfson is a financier.
interesting filing history https://find-and-update.company-information.service.gov.uk/company/08787783/filing-history
What i'm trying to ascertain is how the company works.
I am well aware of the potential and well versed in govt energy intentions and PM's meetings in china as well as govt depts website, lots of projects but no mention of Sunsteppe! Speculation doesnt interest me as there are no facts to back this up. 30% OF CURRENT HOLDING IS FOR LONG TERM POTENTIAL.
Too much talk not enough action!!!
Bigbench: “The Chinese might swallow up little old Matd….. they have funds coming out there ears.”
My gut feeling is that the MG have told MATD they wouldn’t give them the LP and all these other possible things if they simply sold out to PC or another Chinese company. Only IMO, but I think MATD are going for this on their own and if there is a TO, it would be a western company.
Doc I hope you are correct I really do
Interesting point you make on TO by Western Company.
If so, how will they value Block XX now that we got the access rights. Last deal for Block 19 and 21 was when SOCO sold them to Petrochina around 20 years ago for approx $100m after DQE drilled just 2-3 wells and Oil price was quite low.
Similar deal at todays Oil price would be many Multiples of the $100m Petrochina paid 20 years ago.
Not much volume today (I know it’s early) but looks like everyone is just waiting for further news. I think the talk of takeover is natural but if we continue go down the route of producer then eitherway we will be rewarded.
Patience again, could go up in the blink of any eye
Very true. MATD makes its move higher without warning as seen many times recently with +20% or 30% rise out of nowhere.
Too many eyes watching this one with next RNS coming anytime just like Thursday last week and people scrambled to get in.
MisterPositive - I wasn't suggesting a takeover would come in, but more that if one did, I think it would be a western company rather than a Chinese one. Absolutely no idea how they'd value it but I'd personally be disappointed with anything less than 15p on a TO, as it stands today, right now.
Last minute scrambling doesn't bear too much fruit.
If there is a a general belief this will go up 20-30% from nowhere the time to get in is now.
Many have been caught out .
Buck could drop Heron update at anytime… if it’s positive and things are starting early I wouldn’t want to be out of this …pants down on the sidelines is not a good look!
Takeover possibility already mention Mr P
I go through all past interview & RNS because when I choose company to invest must make sure do all background research.
Mr Buck did say obvious party would be someone who is familiar with region & operations & think Petro China was mention BUT did say they would need to pay heavy amount to give fair value of company (not exact word but something like this - interview maybe couple year old).
Petro China takeover of Petro Matad is OBVIOUS logistic match up. NO QUESTION!
Block XX in between Block 19 & 21 own by PC. Location advantage and easy integration of all facility
BUT
Mongolia want oil for refinery and for strategic energy independence.
DQE already get some offtake for partnership to fast track Block XX but this could go either way.
If Petro China can TAKEOVER Petro Matad they will try but can they? This is Q.
Technical DOJI set up for PRICE REVERSAL. Think will be a HARD one.
Yummy :)
WOS - I just couldn't see PC being allowed to take over MATD. The MG I can't believe would be OK with it.
Could the Mongolian Gov take a stake like they have with Rio Tinto's Oyu Tolgoi ?? hence the visit to IoM 😬💰🚀
Mr Doc you may be right & why I do not have strong opinion on this. Takeover target OBVIOUS but is it POSSIBLE?
Ms Vikinglass VERY POSSIBLE be ause if example you give & strategic guarantee of national energy supply.
Also will link video where mr Mike Buck talk about costs for China refinery use until Mongol refinery operational. Speaker of India parliament visit Mongolia last week and main topic refinery with all system go to complete it now
For those looking at short term oil pricing / costs until Mongolian refinery built
"Mongolian produce oil process truck through China and sold to Chinese refineries benchmarked to globally traded crude which is about 5% discount to Brent"
"Trucking & operating costs are recoverable under the contract so you get those back" - 12 min 30 sec into video.
https://youtu.be/AzHbQpedtMI