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All, Just had a look through the IOM company register database and what d'ya know. A new company named 'Petro Matad Energy Ltd' has been registered on the 15th May this year (Monday this week). The registered agent for this company is Crowe. We will no doubt be made aware of this very soon. We knew something happened and we are about hear what it was. Possibly discussed/signed off by cabinet this week. Hope the news is as good as we all want it to be.
Wow- brilliant research Ninesandytoes.
Could it be a new co with Mongolian government having a % stake !!
At risk of getting too excited - why else have a meeting with Ministers in IoM
Hold for gold. Definitely something is going on in the background . Delays maybe due to new company being formed.
Exciting year . So much going on within next few weeks /month
Is there any way of finding out the directors for the PMe are
Definitely either half owned or more by the Mongolian government and why not good move by them, produce energy and take half the benefits, matd will have this side of the business and it will flow as the goverment will half fund it and any future sign offs will just happen on the first Monday lol,
I think buck has played this well,
Brilliant find Nines - it's getting very interesting now. Surely news has to come out now
Fantastic find nines.
There are three docs you can apply for on the link. I haven't looked at these as they are pay locked. On another line of thought we may be in a position to force the company into announcing something. Thoughts.
Many thx 9 SandyToes - great job!
IMINC Incorporation Certificate 15 May 2023
IMAA Articles Of Association 12 May 2023
IMMA Memorandum Of Association 12 May
Well! Well! Well! That should start putting the doubters to sleep. Looking forward to next week. GLA
Nines I have just emailed the company and mentioned the new company and asked them when they are going to notify the market
Monday will be good day. Keep it warm till monday. We need WOS on monday.
Https://www.thecorporategovernanceinstitute.com/insights/lexicon/what-are-articles-of-association/
😄WOS will be on fire!! 🔥
Big thanks to vikinglass and Ninesandytoes for taking time out for the research. Much appreciated.
Back above 7p on monday.
Great find. Thank you all.
Great research.
Best guess would be that it’s to do with renewable energy and the work we’re doing there.
I hope they don’t spin it off as a completely separate entity and we see the benefits if it is.
Could you post the link please. thanks
Found it
services.gov.im/ded/services/companiesregistry/viewcompany.iom?Id=lkBzDnhG50ZVx8wkf9bkLw%3d%3d
Anyone spending the £15 to view the three company docs?!
I think Doc and Ai should pay
I think that would be good contribution from you 2. ;)
Yeah I have them. Got a poorly baby kicking off but I’m looking through them and will report back asap.
Absolutely nothing in there worth sharing sadly.
Certificate of Incorporation just exactly that, confirming set up on 15th May, signed by Mark Edwards - Senior Registration Officer.
Memorandums and Articles of Association just has Premier Nominees as the only subscriber, so just the nominee company who has custody of the shares, signed off by a Phaedra Selina Bird.
The Articles of Association which I thought might give something is just basically standard T&C’s such as this “14.11 A Shareholder shall be deemed to be present at a Shareholders' meeting or a meeting of a class of Shareholders if that person participates by telephone or other electronic means and all Shareholders participating in the meeting are able to communicate with each other.”
Absolutely nothing to whet our appetite further.