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Nuret Ghani on bloomberg talking about renewables in Mongolia
I wonder if she is talking about PM
https://fb.watch/p2Cy2aNPGS/
When you have GLOBAL BIGGEST RENEWABLE SECTOR POTENTIAL and UK company Petro Matad involve in this?
🦉
"China is not only the largest renewable energy market in the world, but it's EXPANSION continues to ACCELERATE . In the first half of the year, the funds spent in this direction doubled and reached 98 BILLION US dollars" - source: bloomberg.mn
"Power Generation Options: Solar, Wind and Lithium and other storage technologies. Vast sparely populated South Gobi ideal for larger projects. Grid supply to EXISTING NETWORK and EXPORT to CHINA" - source: SunSteppe.com
My focus is on NEAR TERM Block XX Newsflow /Developments / Production Revenue BUT I mention RENEWABLES so investor can understand picture that develop here & brilliant company strategy / shateholder value potential / Institution holding incentive.
I get back to FOCUS which is very near term company making RNS company say we can expect soon.
Research & Investment Analysis everything 🦉
Little snippet
https://www.sunsteppe.com/projects-1/
Oil has many years left in it for sure and Mongolia's oil will be some of the last produced given the low cost of production and the relatively benevolent tax regime but it will be nice to know that Renewables will be in line for many years to come to more than make up the shortfall.
The likes of BP and Shell are spending big money to buy renewable capacity at premium rates.
Petro Matad have the luxury of building their capacity at low cost with hopefully high margins.
This has the potential to just get bigger and bigger.
More funds in the New Year for me and several family members still don't have ISAs.
They can drive the well with a herd of Yaks for all I care . Just get the wells turning finally for peaks sake
Just in case not everyone knows
https://www.sunsteppe.com/about-us/
It's a different company?
Not different company. This trade trip to Mongolia base around issue in Task and Finish Group report for CRITICAL MINERAL which also cover RENEWABLES (good idea to read this)
I put post at 13:34 about Petro Matad JV SunSteppe Resources which deal with Renewable AND have Lithium technologies. Also China import need.
Everything linked so not about Petro Matad but Petro Matad included.
Hope this help.
Keep focus on INVESTMENT - this is VERY SPECIAL Opportunity imo 🦉
The P M family.
CORPORATE INFORMATION
The financial report covers the consolidated entity of Petro Matad Limited and its controlled entities.
Petro Matad Limited, a company incorporated in the Isle of Man on 30 August 2007, has six wholly owned subsidiaries: Capcorp Mongolia LLC and Petro Matad LLC (both incorporated in Mongolia), Central Asian Petroleum Corporation Limited ("Capcorp"), Petromatad Invest Limited and Petro Matad Energy Limited (all incorporated in the Cayman Islands), Petro Matad Energy Limited (incorporated in the Isle of Man) and Petro Matad Singapore Pte Ltd (incorporated in Singapore). The Company has also entered into a joint venture with SunSteppe Power LLC (a renewables energy company focused on generation of clean energy in Mongolia), which is incorporated in Mongolia and is a 50% owned subsidiary of Petro Matad LLC.
Petro Matad Limited trades on the Alternative Investment Market (AIM), which is a sub-market of the London Stock Exchange, under the symbol MATD. Its major shareholder is Petrovis Matad Inc.
2Was
Interview today by Hans Taka, Representative of Eurooean Bank of Reconstruction & Develooment in Mongolia - about large scale power transmission / distribution network with export to neighbouring countries.
Also last week Bank of Mongolia announce increase finance for renewable energy projects -( source Bloomberg.mn)
Petro Matad have position themself at just right time with high level Govt contact for projects / available finance options / separate revenue stream to from oil operations
Will focus on near term Oil production but important to understand how strong Petro Matad are position in exploding / well finance sector 🦉
Keep that type of info coming WOS, it's very much appreciated