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Good little increase these last three days.
8% a day gentle rises will be wonderful. Let's hope WOS is right.
Thanks WOS for keeping with this BB and the posts. It is all coming right for us all.
Best to all.
US has considerably ramped up production to stabilise/ maintain prices. Inflation will climb otherwise.
Petro Matad will make good money on produced oil regardless of the prevailing oil price.
It's one of the cheapest places on Earth to produce oil.
They'll be one of the last ones standing/producing.
It'll just be better to have higher oil prices to make the most money and profits with highest share price and dividends.
4p. Slow and steady. Ready to invest Jan 1st hopefully.
5p please. 4 months to go before any operations. This might be 10p by then.
Don't want it to rise too much pre Heron. Joking aside, if this did spike to 6p quickly, MB won't be able to resist a cash raise!
This is looking like it wants to go higher today, walked up on sells. Be nice to be higher before next news re-rates this
The dreaded cash raise!
Funding and dilution to pay for frontier oil exploration can be painful.
Funding and dilution to fast track the development of a proven asset (Heron 1) is altogether a different matter.
A soft Petrovis loan and DQE cost sharing are in the mix too.
But there will need to be money from somewhere.
MB will not get any funding until LP is in his hands.
Can't see many institutions giving a penny till LP .
By then this should be 10p. 9p was before EL was given
Thornogson, as long as he waits until that signature falls on the paper!
He's done a good job running Petro Matad on a shoe string budget whilst this is getting sorted so I'd expect so too.
Or the soft loan to buy the necessary time as before.
Mr Thornogsson carry on proper thread now lol.
First obvious thing company say in RNS -"sufficient funding until AT LEAST July 2024".
We know with any company we go by RNS as first source of info but financing always can be flexible. If someone say "maybe" I say yes "maybe" but not really how I base investment decision.
We look at MOST IMPORTANT point which is PERMISSION IN PLACE and fast move to REVENUE GENERATION.
This open up alternative funding line including loans and other ways like Petrovis 'soft loan'.
Also when people talk about fund raise in early 2023 they should remember from RNS Dec 5th 2022 Petro Matad were looking at Renewable sector and identification of potential partner.
Decision for SunSteppe JV set up need capital so company raise at time to enter into this sector.
Thus is difference between BB decision making & Company decision making and why BB posters do not run company!
Petro Matad about to TRANSFORM and shareholder on board or not for this.
Always focus on IMVESTMENT 🦉
That's funding for existing (largely administrative) company activities.
It's not planned to cover currently unplanned activities like bringing Heron 1 on stream.
It shouldn't be an issue. If money is needed to turn on the money fountain then so be it.
Thank you mr Thorgasson
I will just point this out sir from Results RNS 20th June 2023 - section (c) Going Concern
"sufficient working capital to operate betond mid 2024 as a going concern, AS WELL AS commencing APPRAISAL and PEODUCTION ioetstiindat Heron oil field in Block XX and drulling a high grade ecploration prospect in Block V"
ALSO
About DQE - talk about reduction in drilling, testing and fracking and completion costs with some DEFERRAL OF COSTS to allow portion of expenditure to be settled with future production revenue.
Here is point - cash enough to cover company overhead AND commencing APPRAISAL & PRODUCTION.
Q. Some extra cost for herder compensation but only for 10 Herder family.
Q. How much saving for not drilling V2
Main conclusion - Petro Matad in very strong position and costs look covered but even if not then with move to REVENUE GENERATION no big problem.
All look very good & expecting RNS soon so position very well for UPTREND continuing 🦉
Researchandhold said //BP is like a stain on humanity//
WOW! - WOS & Thorno giving it LARGE today. Sounds more like a letter to Santa than anything tangible.
And the bid still struggling under 4p.
Can't Buy anything on HL. Can sell loads tho".....
Yeah no funding needed untill atleast mid 2024 but if heron starts producing sooner then money will be rolling in,
Very possible that all this will be sorted by end of January, money transfer and letting dornod guvnor 1 week
Dornod guvnor the signs paper work at 2/3 weeks on slow as you can get pace being drunk and high on drugs
Researchandhold said //BP is like a stain on humanity//
Cybertron - are you drunk (or on drugs)? Seems possible.
Based on the various forms of PM it’s JV’s new blocks and if master is correct that Petrovis has licensed 3 blocks, I see minimal chance of a buyout. If anyone reads the comments on the FB pages linked from this board, Mongolians are not happy with China’s domination of their resources. The rhetoric from many sources appears to lead to PM becoming a serious Mongolian energy company.
Mongolia enhanced its mitigation ambition with a conditional emissions reduction target of 27.2% by 2030 compared to business as usual. The country also set an unconditional emission reduction target of 22.7% by 2030 compared to business as usual. Govt will want to keep its own in-house company.
Renewables will probably provide for mining, extraction, on site power, outlining communities etc ( herders), govt wants to provide countrywide internet communications.
However this is only my opinion.
This is fair points mr Notpleb but does not matter what Mongoliansxsay about China dominance this is fact & China influence strong.
Anyway main point of post is to look at Petroleum Law and discuss how it look possible for Takeover move by Petro China.
If they CAN move they WILL in my opinion.
Also other option of NOC.
Not sure why some poster have so much focus on share price move on ONE DAY - maybe they do not understand what UPTREND is!
I look at net gain every week with RE-RATES in between like we expect on immanant RNS - this much better for price I think.
Have good Christmas all investor 🦉🎅
BP aka Stain - Have you got a life?! Waste of space!
Researchandhold said //BP is like a stain on humanity//
Thanks for the interest ICblue. I'm just lacking a stalker at the moment - if you would like to apply for the position please post your CV here.
BP yes I'm on both, what's your excuse for non stop posting here I don't get it? You some sort of paid basher?
Researchandhold said //BP is like a stain on humanity//
Cyber - I just enjoy the banter, that's all. Not paid or owt (like some here are!).
Is the Stain flapping its gums neadlessly again?
I think we need some vanish