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Personally I think MB is not doing enough at any fronts .
He is the wrong type of guy to deal with Mongolia.
He should have dates for drilling and rig by now.
Its not very busy in Mongolia. Rig company should be able to give you a rough idea of when they can commence.
MB should be going to these local meetings and reassuring the locals about how PM will operate.
He is probably taking it easy and getting wages for f alll
What ever MB has been doing doesn't seem working! He should get himself together and do sth different. He might get sth if he goes every day to the Mongolia mining ministry and asks for explanation. That is a joke that we are allowed to explore but we need to get LP for explotation! That is absolutely a joke now. He needs to do sth now before we miss another year.
I have Facebook account of the local governor. Maybe if we all bombard him with messages he's team might just respond.
I have messaged him. Maybe few of us here should
https://www.facebook.com/mbadamsuren
Perhaps MB should stop supporting the locals, starts with volleyball team!
It seems ridiculous MATD has been paying for the locals who never appreciated!
True. PM has done so much in the past but they are still not appreciated.
I know we have the wrong guy incharge. Otger companies are doing ok in Mongolia. They have been getting on with thier projects since last year.
Mainly Australian operators.
I have just sent him a message. See if I can get any reply.
What are you putting in your messages?
My first thoughts are that they'll all have far more important things to be doing than responding to loads of messages from desperate investors from all around the world, but good luck all the same...
I'm sure he has. He posts or his team posts on Facebook daily so they will see some messages and might acknowledge that important investors want answers
Hi there,
MATD has spent millions in Mongolia looking for oil. Oil has been found 4 years ago. We have been waiting for LP since then! I wonder how you explain that? How can Mongolia attract more investors if you guys treat us like that?
Please reply.
Thanks,
UK share holder MATD investor
I'm neither a huge fan, nor a critic of MB.
IMHO .. I think this is pretty much all down to the GoM.
MB could maybe be blamed for agreeing to drill and look for more Oil for them whilst we are still waiting for the previous Oil find from years ago to be taken out of the ground, but he himself stands to make more many than any of us when the LP is finally granted, so why wouldn't he be desperate for that to happen as well?
Hoping that the GoM aren't just using Matad as an explorer to find Oil for them and go no further than that, but I think that they just incredibly slow and somewhat inept at doing this. Maybe a little hesitant of signing up thanks to the actions of PC.
Fingers crossed we will all be happy soon when some news finally lands.
Thanks Hamm - to the point and with the pertinent questions asked. Will be interesting to see if there is a reply forthcoming.
Blue, Nobody is trying to discredit or blaming MB. He might need to be reminded that he needs to change his course to get LP secured asap. We can't just spending money looking for sth/oil that already have but can't get it out! It is an irony that we have oil but can't extract it but we go somewhere else looking for the same thing that we have no permission to exploit! Please don't tell me that other area we would have no problem.
Hamm - I totally agree with you. I so think that the Buck actually stops with the GoM though (no pun intended)
I totally agree about drilling for more Oil when it's been 4 years and still no LP since we last did that for them.
Although it's helped bump the SP up a bit and probably will do nearer the drill date .. like you said, what's to say that we find Oil again but have to wait years again to extract any of it. Seems beyond daft.
A suspicious mind would be thinking that the GoM is using Matad as an explorer rather than actually working with us.
You're e-mail is to the point without being pushy. It's appreciated you being proactive as we are all getting fed up of the usual drift into silence from Matad and the GoM etc.
GLA
I think MB messed up by taking the governor to court. His biggest mistake. He should've taken the first step in calling the Mpram minister.
Once you take court action against someone its hard to ment the working relationship.
He didn't do his homework properly and went straight in to drilling without getting local permit .
Its standard practice all over the world. Look at UK same stuff happens here. The government will issue the exploration blocks but the company still has to get permission from the local council.
I think it is a matter of what message CG sent to the local government.
This is really not our problem and it would be best if you dealt with it as they are your people.
OR
We are sending it back to you to sort out but our recommendation is sort it and get sorted quickly!