Member Info for abzzba

So the only negative is H2 which has been shut in for winter the rest is broadly positive with H1 & Gazelle delivering record production rates.

SunSteppe projects progressing and very hopeful that the 200MW Hybrid project with TME can be brought quickly to ready-to-build status during the coming year.

The big news is that We have received a proposal from one of our counterparties to farm-in to Block XX. We have hosted their due diligence visit to Mongolia and to the Block XX facilities, and discussions are continuing, focused on bringing this potential cooperation to a mutually agreeable conclusion. Meanwhile we continue to follow up on leads with two other potentially interested parties.

A proposal to farm-in to Block XX has been received and is under discussion.

Block VII, pages 28 & 29.

https://mmhi.gov.mn/wp-content/uploads/2023/06/mineral-and-mining-investment-guidline-4.pdf

Brent average this year has been $68.50

16th January 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””.

Above is in line with MB statement during the AGM, see below.

March 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.

Doc "“do you anticipate H1 production to exponentially increase?”, of course they dont, but with injection wells in place production will increase at H1 and any other wells in the effective area of the injection wells, but feel free to ask him

If you read H1 test results RNS 24th Oct 2019 it does actually state H1 flowed at an average rate of 200 bopd, we let ourselves get carried away by focusing on the part that said: DST2 flowed oil at a peak rate of 821 bopd, add to this we have so little info on production rates from Petro China wells that are just a few km away we had no info to go on, we learn by our mistakes.

Petro China have made billions in Mongolia by drilling hundreds of wells none of which are huge producers

Thornogson, much to be said for going it alone, why give our riches away for some quick "$", it would be longer term play which would not go down well with many investors but in the long run would be better for MATAD.

Reported yesterday morning on the Energiesmedia site: Mongolia’s first domestic refinery on track for 2026 commissioning, if factual this is great news as we will get circa $12 more for every barrel of oil we sell direct to the refinery as we cut out the middle man, currently we pay around $12 to Petro China (crooks) for handling & trucking.

https://energiesmedia.com/mongolias-first-domestic-refinery-on-track/

Delivery of Key Equipment for Mongolia’s Oil Refinery Nears Completion in India

https://montsame.mn/en/read/384438

Alarm set (not that i need it) !!!!!!!!!!!!!!

From my side i think MB is the perfect choice for MATAD, decades of oil expeience and he is certainly a steady as she goes character, really do not understand those that call him out, not sure these people understand themselves.

Mongolian oil production has fallen 14% this year, daily production is now around 14,000 bopd. They need block XX producing.

https://english.news.cn/asiapacific/20251020/f61178a73d0e4983b6d5faa05414e05e/c.html

Obviously BIG BIG news !!!!!!!!!!!!!!

Gadgie, do think MB will wear his Santa hat ?

Sure we will find out soon enough, i would now expect an RNS tomorrow.

So, RNS sometime before the presentation.

Investor Presentation

Petro Matad Limited ("Petro Matad" or "the Company"), the AIM quoted Mongolian oil company, is pleased to announce that Mike Buck, Chief Executive Officer, and members of the Company's management team will make an Investor Presentation on the Investor Meet Company platform on 16 December 2025 at 10:00 GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 15 December 2025, 09:00 GMT, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Petro Matad Limited via:

https://www.investormeetcompany.com/petro-matad-limited/register-investor

Investors who already follow Petro Matad Limited on the Investor Meet Company platform will automatically be invited.

Breaking news.

Reported this morning on the Energiesmedia site: Mongolia’s first domestic refinery on track for 2026 commissioning.

https://energiesmedia.com/mongolias-first-domestic-refinery-on-track/

Delivery of Key Equipment for Mongolia’s Oil Refinery Nears Completion in India

https://montsame.mn/en/read/384438

Norwich Pharmac Order : Would be beneficial here so the BASHERs that arrived en masse September 2024 can be investigated, see if there is any ulterior motive for them being here day in day out.

MB stated in July 30th presentation we are not paying dues of any sort to Mongolia for the 30% witheld cash,

ADw, were you playing the ball and not the man when you were goading Gravy about hid deceased mother ?