Member Info for abzzba

Thorn, by my way of thinking Gazelle is the easier and more straight forward well to bring onstream, but being honest we really dont have enough info on H2, we have no hard facts yet on how they will tackle H2, re-perforating was mentioned, is that still the way forward, who knows,

H1 will surely be the first well reworked by fitting the sand screen, question is which will be the second well chosen for reworks, my guess is Gazelle due to the RNS statement it has ""presence of a thin, but good quality pay zone".

Gazelle RNS dated 17 Oct 2019

GT

https://www.youtube.com/watch?v=B2GN0XbHT7E

Gazelle RNS dated 17 Oct 2019, looks like a certainty to be commercial,

""presence of a thin, but good quality pay zone in the Upper Tsagaantsav reservoir support the case for potentially significantly sized stratigraphic traps at the southern end of the Tamsag Basin""

Little doubt that Sunsteppe will benefit.

https://www.sunsteppe.com/about-us/

UAE/Bahrain to invest $500 million in Mongolia.

https://mongolia.gogo.mn/r/ko8xm

Nothing has changed, APART from being 47% up in the past month !!

Maybe they learned from the underhanded tactics that sent us into a downward spiral.

Hamm, great work, we are in unparalleled, everything on our side, 2025 the year of MATAD.

If you have not heard of Mongolia’s VISION 2050 look it up, the refinery and Mongolias oil are a means to an end, that end is Mongolia’s VISION 2050.

When you add Sunsteppe into a MATAD refinery JV the whole package becomes easy to understand, MATAD /Sunsteppe will be at the core of Mongolia’s future energy needs.

What a glorioious thought.

https://www.sunsteppe.com/about-us/

https://www.tradefinanceglobal.com/posts/vision-2050-intensifying-climate-action-building-resilience-mongolia/

Little doubt that Sunsteppe will benefit.

https://www.sunsteppe.com/about-us/

UAE/Bahrain to invest $500 million in Mongolia.

https://mongolia.gogo.mn/r/ko8xm

The number of de-rampers here is insane, ask yourself why they are here, have you ever seen so many on one board before.

If you have not heard of Mongolia’s VISION 2050 look it up, the refinery and Mongolias oil are a means to an end, that end is Mongolia’s VISION 2050.

When you add Sunsteppe into a MATAD refinery JV the whole package becomes easy to understand, MATAD /Sunsteppe will be at the core of Mongolia’s future energy needs.

What a glorioious thought.

https://www.sunsteppe.com/about-us/

https://www.tradefinanceglobal.com/posts/vision-2050-intensifying-climate-action-building-resilience-mongolia/

Investor, 100% agreed, JV talks could well have started months ago, we simply do not know.

News due.

Signed sales agreement = +15%.

H1 sand screen fitted and H1 production increased to 500 bopd = +25%.

After H1 its unknown which well will be reworked first, H2, Gazelle & Gobi Bear 1 are the three drilled and cased wells mentioned in the AGM, no doubt MB will choose the well with the best pay back potential.

MATAD confirmed they are discussing JV/Buy out with three companies at least.

Doc, they had only a paper loss until they were scared into selling by the likes of you, paper losses are part and parcel of investing, no share ever only goes up.

TBT, there is no doubt that a few gullible easily led investors were terrified into selling at a huge loss due to these low life derampers, low lifes in my view.

UAE/Bahrain to invest $500 million in Mongolia.

https://mongolia.gogo.mn/r/ko8xm

And we dont know how long they have been talking.

Thorn,

I cut and pasted the section of AGM transcripts, agreed MB said they were concentrating on production optimization rather than new well drilling however if an "entity" deal was agreed this year we may see new wells, case of wait see.

transcript below.

15:22

result Jerry has talked you through some of our work plans for 2025 and as you can see we're focusing efforts this year

15:29

on Opex reduction and production optimization rather than new well drilling that is because we see a good

15:36

opportunity now with oil flowing and with the government striving to improve the investment environment to Market

15:43

block 20 to technically competent and financially strong would be partners we

15:48

want to explore as a priority the potential to bring in a partner to inject Capital into a sizable drilling

15:54

program to accelerate production and increase project value I cannot say much

15:59

about how our partnering initiative is going due to confidentiality undertakings and also to maintain a good

16:05

negotiating position but we are in conversation with three companies presently and we are planning to

16:11

approach some more moving now to our renewable um

16:17

Personally i think Petrovis investors would rather see a closer tie up with MATAD now that they are an oil producer and the refinery is not that far off, as Mongolia’s largest fuel supplier i would assume Petrovis will also be the refinery’s biggest customer, what better than have a stake in the company that is supplying oil to the refinery, win win both ends of the supply chain.