Member Info for abzzba

Brent holding up over £100, spineless Starmer has no stomach to fight, personally i am hoping the US decide to blow Kharg island and the rest of IRANs oil infrastructure to smitherinees, hope you are all prepared, who know $200 barrel may not be far away.

Zula Luvsandorj, Advisor to the Deputy Prime Minister of Mongolia, Government of Mongolia.

MATAD are Sunsteppe partner, ontrack to receive tens of millions from Sunsteppe projects.

https://www.apacoutlookmag.com/local-government/government-of-mongolia-mongolias-low-carbon-future

Do your own calculations on what we are making per barrel while oil sits around the $100 mark, see below.

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16th January 2025 RNS clearly states:

“”Under the Cooperation Agreement and applying the very favourable fiscal terms of the Block XX Production Sharing Contract, after payment of processing costs and transportation, and after the government's royalty and production share are deducted, Petro Matad will receive a net back of more than $40 per barrel based on a sales price of $70 per barrel. Block XX crude will be sold at the same price as Block XIX crude which is Daqing 33 minus $1/barrel. Daqing 33 is usually priced at a small discount to Brent, presently a 3.3% discount””.

Further info on from the AGM below.

March 2025 AGM @ 46:50 minutes, MB clearly states.

If we assume $70 Brent then after price adjustment processing handling and trucking fees block 20 receives around about $54 per barrel and applying the PSC terms MATAD Nets around about $43 a barrel.

Despite the numerous TROLLs not a lot has changed "except the oil price" which means we are making more.

Back to the company

The facts remain the same, the company is in a great position with news due on the farm out.

1: Block XX has billions of dollars of oil. (recoverable 60,000,000+ barrels)

2: H1 averaged 161 bopd in 2025 and still producing strongly, Gazelle which our resident trolls said was a dud is still producing and contributing to our bank balance, Gobi & H2 delayed until this year, hot wax wash at H1 likely increase production by around 20%.

3: Mongolian ministers pushing for the refinery to be completed 2026/2027.

4: Mongolian oil production dropping, they need block XX developed ASAP, Mongol production 14k bopd, refinery needs 30k bopd.

5: Once supplying the refinery via the pipeline we cut out middle man handling/transportation costs and get circa $12 more for every barrel of oil.

6: Farm in proposal received after due dilligence field visit, almost certainly by Indian explorer, no doubt PC interested as well as the recently signed MOU demonstrates.

7: Oil sales agreement nearing completion, 900k lump sum not far off plus payment in full for invoices.

8: No debt !!!.

Mullins58, Daily Galaxy is cracking site.

Bauchsapt, quite correct, MB stated MATAD would remain as operator ie hold 50% plus, reasons for this are obvious, we can claim back around 70 million dollars from previous expenditure against future year profits.

Weather getting better, from around the 23rd we will have acceptable work temperatures and we may get back to pumping at H2, every chance the winter break has seen a pressure build up at H2 which would help clear (push out) this injected fluid and see the well start to flow.

https://weather.com/weather/tenday/l/+Mongolia+MGXX0725

Block VII = 41,141 km2.

https://www.petromatadgroup.com/operations/block-vii/

To farm out or not, if Sunsteppe can progress the first 200 MW project to build this year and oil price stays high then i would prefer not to farm out, call me greedy but i would prefer MATAD to keep 100% of profits.

Reposted as LSE seem not to like the R word.

lot of non relavent drivel being posted from our latest crop of trolls with a modicum of rac....ist language entering the posts.

facts are simple, matad are sitting on mongolias only untapped oil field which holds 60 million barrels of oil that mongolia desperately need to run the new refinery, not really much more to say.

lot of non relavent drivel being posted from our latest crop of trolls with a modicum of ****** language entering the posts.

facts are simple, matad are sitting on mongolias only untapped oil field which holds 60 million barrels of oil that mongolia desperately need to run the new refinery, not really much more to say.

Pro & Cons, farmout = many wells but we get only half, go it alone fewer wells but we keep everything, given the refinery is not far off and we can dump Petro China i have no problems going it alone, add to this once supplying the refinery we have no transportation, handling or royalty costs which we currently have with PC, we pay them circa $12 for every barrel right now.

This year, would we have enough to bring H2 and Gobi onstream, de-wax H1, plus drill a Gazelle 2, assuming oil price stays quite high then yes i think we do, H1 dewax is pocket money spend, H2 unclear but all completion works already carried out, simply a case of get it flowing, we may well be pumping H2 right now so no big money to be spent on H2, low cost well test to find out if GOBI is a producer and if it is then complete and start producing and a drill at Gazelle 2 is all possible by year end.

CW, you beat me by a millisecond

Any chance of getting back to MATAD posts ?

Gadgie, how dare you post pertinent links and news on this board. (JOKE).

Dustyslay, i just had to "like" your last 2 posts, dont get excited.

Guaranteed to upset a "few".

https://www.sashastone.com/p/donald-the-great

SenatorPrime, tend to agree, $150 bbl on the cards and in the longer term high oil prices, maybe not as high as $150 but still high oil prices, buckle up.

PS, me to, awoke 5.30, can concur oil over $100 bbl.