Member Info for abzzba

Moving on up !!, 7.14%.

2025-03-21 09:41:50 1.88 100,000 £1,880

3 or 4p is realistic price right now, after sales agreement plus 15%, after H1 sand screen fitted and 500 bopd plus another 50%.

Then add on whatever H2, Gobi or Gazelle bring to the game.

Easily 5p by June.

WOW, off to the races

2025-03-21 08:34:56 1.864 123,446 £2,301.033

Could the refinery operator be considered as an “entity”.

With Mongol Refinery operator being granted special permission to engage in petroleum exploration and exploitation, it signals a clear intention from the Mongolian government to develop domestic oil production rather than relying on imports. If Petro Matad, which already has proven oil discoveries plus drilling and operational experience in Mongolia were to collaborate with Mongol Refinery, it could lead to several key advantages:

By establishing this strategically important oil refinery, the national economy of Mongolia will be-come independent from energy imports, and fuel and commodity prices will be stabilized in the country.

Refinery operator being granted special permission to engage in petroleum exploration and exploitation, see link below, towards bottom of page.

https://envoyexcellency.com/mongol-refinery-project/

Jesus, hate to think what it will be like here when we hit 10p, 20p etc

1.80 paid

SM says "It's no secret many of the long term holders have lost trust in MB", absolute lie, i am very happy with MB at the helm, steady as she goes, a real oilman in charge, suits me fine.

SM, i was unaware you were such an expert on the evaluation of oil wells, just to add, the well logs were sent onto experts, but if you wish to disagree its a free world.

I still firmly believe GOBI might well be the company maker as the RNS (7th Oct 2024) stated it has 34m of reservoir quality sandstones, the fact there were only faint oil shows does not mean there is no oil, see below link that will help you understand.

With 34m pay area it really could be HUGE.

https://wiki.aapg.org/Show_evaluation

Read just below the green Figure 1 which states.

For example, zones of good porosity and permeability that yield no show may still be viable hydrocarbon-bearing reservoirs

Your choice, listen to Stockmaid or take on board what Schlumberger say, they are only the biggest oilfield service company in the world, but stockmaid thinks she knows berter.

https://www.slb.com/products-and-services/innovating-in-oil-and-gas/completions/well-completions/sand-control

Really expecting Heron 1 to be 500 bopd after sand screen fitted, guess i am happy with 450 bopd upwards, but it could surprise us by being a lot more, as Nov 14th RNS stated.

"""Heron-1 is producing well with maximum deliverability estimated to be similar to or greater than the 821 bopd achieved on drill stem testing in 2019."""

Still expecting 5p by June, could be more if JV/parnership announced.

Mrs WoS, any particular reason WiseOwlSpeak beat me into first place ?.

Interesting read.

https://www.seapexconf.org/upload/ckimage/files/MRPAM.pdf

If the Mongolian refinery operator entered into a partnership with MATAD this would be huge for us, imagine a state controlled partner with direct door to those that matter in the government.

Below link states:

Mongol Refinery can carry out petroleum exploration and exploitation activities

Special permission for petroleum exploration and exploitation activities will be granted

By establishing this strategically important oil refinery, the national economy of Mongolia will be-come independent from energy imports, and fuel and commodity prices will be stabilized in the country.

https://envoyexcellency.com/mongol-refinery-project/

Question: Why has the refinery operator been granted exploration and exploitation rights by the Mongolian government ?.

Extract from the link below.

The refinery operator would be an ideal partner for MATAD, quite sure they would have no trou-ble pushing things through the Mongolian governments procedures, see below, could the refinery operator be one of the three MATAD are speaking to.

Mongol Refinery can carry out petroleum exploration and exploitation activities

Special permission for petroleum exploration and exploitation activities will be granted

By establishing this strategically important oil refinery, the national economy of Mongolia will be-come independent from energy imports, and fuel and commodity prices will be stabilized in the country.

https://envoyexcellency.com/mongol-refinery-project/

One of our resident NEGs posts stated MATAD was not the stock of 2025 and thinking about it they are right, probably more correct to say MATAD will be the stock of the next decade, scary to think what the sp could be in ten years time once we put this years funding issue behind us.

Not to long to wait for Heron 1 makeover and results, fitting the sand screen is a straight forward simple task,

Unsure why anyone would think 2025 will be a write off, if we end the year producing circa 1000 bopd that would be great, should a JV/buyout develop into firm offers great, either or suits investors fine.

Just thought i would mention.

A mother may express or pump milk after consuming alcohol to ease her physical discomfort or adhere to her milk expression schedule. If a mother decides to express or pump milk within two hours (per drink) of consuming alcohol, the mother can discard the expressed milk. This is known as pumping and dumping.