Member Info for abzzba

Mimbrit, think you are aware the refinery has nowt to do with MATAD, Mongolia & India yes but not a lot MATAD can do other than sell its oil to the refinery as soon as they will accept it, good news is we will get quite a bit more for our oil selling to the refinery as there will be no transportation or handling costs, no royalty to PC,

Mimbrit, i dont write these articles, i just re-post them.

Refinery scheduled to become operational in 2028. However, due to the government and the Ministry of Industry and Mineral Resources’ efforts to accelerate the construction, it is planned to be commissioned a year ahead of schedule.

https://montsame.mn/en/read/386483

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Mongolian Deputy Prime Minister, S. Amarsaikhan invited Indian companies to invest in oil exploration in his country.

https://diplomacyindia.com/mongolia-invites-indian-firms-to-invest-in-mining-oil-exploration/

WE have the oil, we are short on cash, farm in or an outright buyout of block XX on the cards, that said it has to be the right farm in agreement, we can go it alone though this would be a more long term approach.

Easy to see why Heron is so important to Mongolia and its energy needs future, also understand why it was designated State Special Purpose land, ref 5th Feb RNS.

Mongolia energy needs & MATADs future are entwined.

https://www.lse.co.uk/rns/MATD/operational-update-gfibfo9mhp20u0j.html

Most recent update i can find about the refinery is datedDecember 20, 2025.

Great news if the above can be met.

https://energiesmedia.com/mongolias-first-national-refinery-ready-in-2026/

Competent Persons' Report increases total mean unrisked in-place oil resource potential of the Heron structure by 20% to 194 million barrels.

Easy to see why Heron is so important to Mongolia and its energy needs future, also understand why it was designated State Special Purpose land, ref 5th Feb RNS.

Mongolia energy needs & MATADs future are entwined.

https://www.lse.co.uk/rns/MATD/operational-update-gfibfo9mhp20u0j.html

No grey area, no guesswork, discussions progressing, we will be told by RNS when there is price sensitive information.

Proquo, thanks for sharing.

Billions in future revenue, all to play for, sit back and wait.

Couple of nice 2 million buys.

Oh dear, after all the bluster from our band of NEGs we end up plus 0.49%, not a huge rise but still a rise.

MB stated block XX worth as 150 to 300 million, that was before Gazelle started pumping 200 bopd. Seems a steal at that price given PC paid SOCO 90 million back in 2005 for their block XIX, oil at that time was around 43$ and since 2005 PC have extracted millions of tonnes of oil.

But good to see our NEG friends getting a day out, will do them good.

Despite the increase in troll activity the facts remain the same.

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

2: Currently producing circa 350 bopd, 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.

Several other points i could add but the above is more than enough to instill confidence.

NEGs wetting themselves with joy !!

The “A” oilfield in Mongolia is a major, yet generally unnamed (or specifically designated as "A" in research literature), oil asset in the East Gobi Basin that has been under exploration since 1991 and appraisal since 2009. It holds estimated reserves of up to 1.3 billion barrels (\(175.5\) million tons) and is exploring Enhanced Oil Recovery (EOR) techniques, specifically \(\text{CO}_{2}\) and hydrocarbon gas injection. Key Aspects of the “A” Oilfield: Location: Situated in the Zongbayin sag of the East Gobi Basin.Reserves: Proven reserves are estimated at 1.3 billion barrels (175.5 million tons).Development: The field entered the appraisal stage in 2009, with a primary recovery factor estimated between 10% and 14%.EOR Potential: Due to low primary recovery, studies recommend EOR methods, particularly \(\text{CO}_{2}\) and immiscible gas (hydrocarbon/\(\text{N}_{2}\)) injection. Note: The results also refer to historical oilfields like Zuunbayan and Tsagaan-Els (active around 1940-1969) and modern exploration blocks like Block XX in eastern Mongolia.

Below is well worth a read, covers Soviet exploration & refinery, well spacing & injection wells etc etc.

https://www.ripublication.com/ijaer17/ijaerv12n23_87.pdf

5th November RNS tells us Gazelle was brought onstream at 200 bopd, this news appears worthless to a few of the posters on the site.

As of 5th November we are producing circa 350 bopd, we have no debt which is very rare for a small oiler, seems strange some still think we are going bust or maybe they are loony Just Stop Oil supporters.

Proquo, whats on show here is the extent of Dunning-Kruger effect, the board is awash with pseudo experts like badprophet, Doc, Stockmad, KROK etc etc , the Dunning-Kruger effect is a cognitive bias in which people with limited competence in a particular field overestimate their abilities, in this case we have quite a few posters with ZERO oilfield knowledge making claims well beyond their actual abilities.

Lets keep it simple, they speak DRIVEL.

I also posted the question i asked AI, anyone can copy the question and get an answer, though i am always wary of those that post AI answers but not the question they asked.

I33, i know for certain that the AI upper estimate (1.5 million) is pretty accurate for wells drilled in NE Africa such as Libya, Tunisia, Egypt, i see no reason figures would be different for Mongolia, i would put full well development somewhere around 1.2 million plus or minus.

I33, what i was really getting at was PC know they can drill / complete and put these wells into production for around a million dollars so block XX with 25 or 30 years life ahead of it is a huge income generator for them, same goes for a farm in partner such as OVL (or other), long term licence to print money but it needs investment, peanuts compared to offshore wells.

DQE Key Details:

Relationship to PetroChina: PetroChina is the listed subsidiary of CNPC, and Daqing Oilfield is a key subsidiary of PetroChina.

DQE Context: DQE International is recognized as a drilling subsidiary involved in international projects.

Structure: DQE acts as an oilfield service provider under the broader umbrella of CNPC's, and subsequently PetroChina's, upstream operations.

In summary, DQE is part of the CNPC/PetroChina corporate family, operating under the Daqing Oilfield umbrella.

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HAMM, i would disagree that the farm in deal is dragging on or being held up, maybe you just do not realise what is involved.