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Header say all - Domestic fuel supply getting CRITICAL!
Also like headline yesterday - "China's Fuel Export Quota Could Spark Global Supply Challenge" - "China may not be able to come to the rescue of the Asian and global fuel markets THIS WINTER like it did last Winter" (source: Oil price.com).
2 Hour ago - Mr J Ganbaatar (Mining Minister) to Parliament - "Winter fuel is still BANNED. The ban is limited in our country" BUT "In the 21 days since the ban, we have EXHAUSTED ALL OUR RESOURCES. This is a ban on the world. To get out of the situation, we are importing diesel fuel from CHINA" (source: ikon.mn/n/30hw
Yesterday headline in oilprice.com about continue China supply say all about building situation I think!!
Mongolia try to clear supplies thru customs but supply chain problem & looking very bad this Winter.
Today
This is situation NOW!
What Mongolia doing? Clearing emergency supply thru customs with limit exemption from Russian ban(source: MRPAM) and still try to get emergency import from China (already show problem with this).
Now Mining Minister have to officially notify Parliament of state if emergency building.
Domestic production is PRIORITY of Govt and Dornod meeting withMHI, MRPAM, Petro Matad Head of Govt Relations & Local Governor will have talk about this.
Heron production will not solve problems THIS Winter but will send out message Govt is handling problem.
People call me "numpty" for BUYING more yesterday. Do not worry I know what I do.
Uptrend will take over again, RNS will come any day now with FUEL CRISIS BUILDING and UPSIDE will be multiple if buy price now with FULL GOVT BACKING for all Petro Matad energy projects!
Have more money coming in today. All Invest how you want.
Mr Doc - get your money ready for 50p round! 🦉
Researchandhold said // BP is like a stain on humanity//
British Bulls went from "STAY LONG" to "SELL" yesterday.
Mr BP maybe British bull does not know about Mining Minister force to make statement to Parliament few hour ago 😏
Mining Minister will have to make another statement soon. Like he say "there is a PROVLEM". (his own words)
One of comments in article "Shunkhlai and Petrovis gas stations are providing diesel only to card holders. Other gas stations do not have diesel" - 41 mins ago
"Russia loves Mongolia so much, why did they say they will supply gasoline to you without any prible, what happened haha"
Also for one who question about Petro Matad position in Mongolia Energy sector and why I talk about triple digit SP with development - read UN Policy Document on Mongolia Energy
UNDP.org/sites/g/flies/zskgke326/files/2023-07/policy_paper_eng_3july2023.pdf
My RESEARCH show me why I invest. Not unreaearch comment from any BB poster.
Be WISE and focus on INVESTMENT 🦉
Ministers will be looking at a lot of figures.
Hard numbers. Hard facts.
Volumes in the country.
Daily consumption rates.
Strategies.
Heron flowedat 800 barrels a day.
25,000 barrels a year.
10 wells: 250,000 barrels.
Must look like a good option to them?
RNS just about to land with only Petrovis /Shunkhlai giving diesel to special card holder.
Govt will need to reassure people.
WATCH WHAT HAPPEN WITH FUEL CRISIS NEXT WEEK!
WOS - I don't know why you keep banging on about current imported fuel shortages. None of that can be resolved without the refinery which will come on-stream in 2026 at the earliest, possibly later. Meantime, accommodations will be made with Russia and China - at a price.
Compare and contrast:
WOS's data and news driven posts with a rather lame "Britsh Bulls says...."
Better not to post at all BP?
The contrast just highlights the way this looks to be going.
This RNS is coming, but when?
Why I keep "banging on" about current fuel CRISIS? - RESEARCH!!
Statement about DOMESTIC SUPPLY sokutionwill need to be made next week - this will have to involve Petro Matad!
Like I say will not becsokution for current crisis but will need to be in statement as part of Govt effort to prevent future problem.
As CRISIS BUILDS next week will be HIGH PROFILE for Petro Matad.
Expect RNS / Petro Matad News exposure 🦉
Mr Ganbaatar will have to make another statement to Parliament.
I go shopping with Mrs WOS
Buy or not up to you. I put Info / Source and even local intel on diesel shortage at gas stations.
Make own mind up about what developing here & be Wise with investment analysis 🦉
RNS next week more likely guys.
Fast sentiment shift.
Enormous rerate.
Wiseowl you deramping on other people board. Again,
Why don't you stick to this share where you have been calling success for oats 18months but share price still the same price 😂
Wiseowl you going to drag my board over to your ls and I got the time today to keep positing every 4/5 mins ,
Watch out for rise on small volumes. Dyor
I do like the lt opportunity. But this share is being played. Trade with them or stick to own plan
Researchandhold said //BP is like a stain on humanity//
Cyber - //Why don't you stick to this share where you have been calling success for oats 18months but share price still the same price 😂//
Ostensibly WOS has only been on this board since January this year. Most LTH substantial holders will have been in PM much longer so WOS is rather late to the party and preaching to the converted IMV.
15 wells are planned from the paperwork that has been submitted to the local government.
15x500 =7500pd
7500x350 = 2625000 per year
2625000 x$60 =$157,500,000
Now that could be achieved in 2 year. Easy.if planned right .
Government's production share of 40% and 5% royalty to be factored into the economics
Researchandhold said //BP is like a stain on humanity//
I didn't realise it was "International wild assumptions day". Must have been missed from my calendar! LOL
I guess my point was there's a lot of easy oil and political gain to be had for the Mongolians at the stroke of a pen.
There's also a lot of money for Petro Matad and it's investors.
If the decision has already been made at an informal level at last week's regional conference then the building political pressure around oil supplies might force the formalisation and announcement up the agenda?
Professional 17/11: “ I sold for a 25% gain. Lets see if i regret this monday. Cheers”
Unlucky.
Luck always comes into investment outcomes at some point, especially with oil exploration companies.
We've got oil however so there real risk has gone, just the upside to come.
The only variable in my book now is the time it'll take for permissions to be granted.
If your investment times scale is long enough and you've the patience I think the risks here are pretty minimal.
It might arrive next week however, which would be better!
You should never regret taking a profit!
p.s. it is not yet monday😂
Horult, this was from last Friday, 17th!
4p today...back to 5p next week.
DOC WILL START DERAMPING NOW AS HE HAS SOLD.
Ok need to rub the sleep out of my eyes😴
still, my first point still stands🤣