Member Info for abzzba

Adw, you forget you called all MATAD investor autistic, or did you forget about that.

Petro China purchased their TAMSAG basin field from SOCO back in 2005 for $93 million, at the time the field was producing only 350 bbl/d, at the time oil was around $47.

Latest data we have was published 2021/2022 and states PC had drilled around 600 wells and 311 had been brought onstream as producing wells, that was several years ago, pretty obvious PC have drilled the best looking areas and are now looking for fresh unexplored fields to explore, enter MATADs Heron field which is the other half of the TAMSAG basin.

MATADs Heron field is estimated to contain 60 million recoverable barrels of oil, more with new drilling technologies, MATAD obviously do not have the cash to develop the field quickly enough to suit Mongolias new refinery needs so the sale or a JV deal with PC would seem to suit PC, Mongolia and MATAD.

Case of watch this space.

Very interesting read.

https://envoi.co.uk/projects/active-projects/asia/mongolia/

Make no mistake, today was just the starting pistol being fired, follow this all the way upto and beyond 30p+ in the next 15 to 18 months.

Certainly a great day but so so much more to come,

All in all not a bad day !!

Why the rise, easy, MATADs Heron field (half of TAMSAG Basin) is sitting on a sea of oil and that oil is needed to feed Mongolias new refinery which is expected to be completed by March 2026, at present Mongolias oil production meets only 30-35% of the oil required by the refinery.

PetroChina own the other half of the TAMSAG Basin, they have been drilling there since 2005 and as of 2021 had 311 producing wells, all the best well prospects on the PC side of the basin have been drilled, many of their earlier wells are coming to end of life.

Thoughts are that PC and MATAD will enter a JV, simply put MATAD cannot fund the amount of drilling required to ensure the refinerys required 30,000 bopd requirements, some think that rather than a JV there may be a complete buy out of the Heron field, either way MATAD is sitting on a field that’s worth several billion dollars.

Thornogson, We did say when this moves it moves fast, lot more rockets to come, enough to keep ManxK happy.

Big question is, how much of this will come ourway via oil funding and renewables.

UAE/Bahrain to invest $500 million in Mongolia.

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

H2 fact, not NEG fiction, 9 min 23 sec of lse interview, for obvious reasons MB states reperforation may well be the next step for H2, if perforation has failed or partially failed oil will not flow from the reservoir into the wellbore.

Pretty cheap and easy fix, no rig required, lower gun downhole from truck mounted wire line and explode, retrieve gun be reeling it back to surface, job done, fix complete, one days work.

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

Always best to stick to the facts.

1: Oil pipe line from TAMSAG Basin to refinery completes later this year.

2: Refinery builder stated Sept 2024 the refinery will be completed by March 2026.

Mongolia refinery needs 30,000 bopd to run at 100% capacity, right now Mongolia daily production is not enough to run the refinery at even 30% capacity, no doubt Mongolia will accept running the refinery at 30 to 40% capacity initially, but if they are to cut fuel imports they must get drilling and increase daily crude production by at least 300%.

We know Petro China half of the Tamsag Basin has been heavily drilled since 2005, MATADs half of the TAMSAG Basin (Heron field) is still unexplored, only two wells drilled.

90% of Mongolias oil comes from Petro China Tamsag field which is approaching end of life, best oil prospects already drilled, they need MATADs Heron field.

Is that the herd i am hearing, faint rummble getting louder every day.

Seems a fair price given its worth billions of dollars, agreed PC need to spend big but they will make big as well.

TAMSAG basin is split into two halves.

PC has half, MATAD has half (Heron Field).

PC has 311 producing wells (from last known figures 2021), MATAD has drilled 2 wells.

TAMSAG Basin produces 90% of Mongolias oil.

Mongolia desperatly need oil production to increase 300% to feed the refinery, only place it can come from is MATADs half of the TAMSAG Basin (Heron field), MATAD cannot fund the huge drilling operation that Mongolia need, PC can fund this. Join the dots.

$140 million probably closer to the mark.

Interesting reading.

https://www.seapex.org/wp-content/uploads/Abstract/8_1%20Buck%20Petromatad%20-%20Mongolia.pdf

Investor, it really would not surprise me, there is more than him that have multi id accounts.

Various links, in no specific order but all help paint the picture.

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

https://envoi.co.uk/projects/active-projects/asia/mongolia/

https://www.bnnbloomberg.ca/business/international/2024/09/11/mongolias-first-17-billion-refinery-to-be-ready-by-march-2026/

https://inf.news/en/world/bdb4f8d8e81c36c8dd6c86262308d239.html

https://montsame.mn/en/read/317924

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

https://mongolia.gogo.mn/r/54nvw

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

https://mongoliainc.com/key-commodities/oil/

https://www.petromatadgroup.com/wp-content/uploads/2024/12/MATD-20241218-On-the-way-up-in-2025.pdf

https://ukinvestormagazine.co.uk/top-20-stock-picks-for-2025/

https://thediplomat.com/2024/06/mongolias-precarious-energy-security/

https://www.businessdestinations.com/featured/mongolias-vast-reserves-make-it-the-saudi-arabia-of-asia/

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

Latest refinery news still says the refinery should be completed end Q1 2026, the refinery need 30,000 bopd to run at 100% capacity, presently 90% of Mongolias oil is produced from PCs half of the TAMSAG field but this produces only 30-35% of what the refinery needs, PC have over 311 producing wells in their half but these are coming end of life with some drilled as far back as 2005, there appears to be no other option than a tie up/JV or outright buyout by PC of MATADs Heron field which makes up the second half of the TAMSAG basin which is virtually unexplored.

If Mongolia want to cut fuel imports they need this oil for the new refinery and they need to start drilling ASAP, you cannot conjure up wells a few months before the refinery is ready.

Investor, yes i had a look at altan5 account, very strange, some might think its a junk account used to hide, ie he has multiple accounts, we have several on here like that and guess what, they are all being used to post negatives/trash about MATAD.

Proquo, nice theory, Israel Times saying US has given them "freedom of action", do as you want scenario, early fireworks this year.

https://www.timesofisrael.com/as-european-and-arab-leaders-panic-trump-gives-netanyahu-rare-freedom-of-action/