Member Info for abzzba

With Mongolian deputy PM extending an invitation to Indian explorers to enter the Mongolian oil exploration sector we can be sure this is being pushed at the highest level and given Mongolian oil needs with some urgency.

https://globalflowcontrol.com/newsroom/mongolia-invites-indian-firms-to-invest-in-mining-oil/

Correction from yesterday, i suggested circa 200 bopd from Gazelle as an initial rate, after speaking to a drilling engineer aquaintance and throwing the known facts at him he suggests 300 bopd would be more likely though he does say that this is based on the limited RNS news we have, either way i will go with his estimates.

Poor old Adw198, sold out at 1.05, got left behind, could not happen to a nicer chump.

Obviously the more savvy investors getting in before the next RNS, so much upside here.

Within a few short days (end of month) we should have three wells producing, exact amount unknown but 300%/400% more oil production throughout winter.

2857mal, i will be real happy if Gazelle delivers 350 bopd, though i will stick with my guess of 200 bopd initially, could end up delivering better than that but i reckon MB will start it off slowly, obviously guess work but we will know for certain pretty soon.

Would also agree with earlier posts saying the Gazelle result will be of great help in finalising any deal whether that is a farm out or a buy out, while MB has stated he wants a farm out there is nothing stopping and company making an offer for block XX.

H1 producing a steady 155/160 bopd.

Gazelle we need to wait see but circa 200 bopd initially.

H2 yet to be advised but i am confident of a good result.

Gazelle & H2 RNS is imminent, the RNS could also give an update on the reworded sales agreement, farmout and there may just be news of the Sunsteppe 50 MW project which seems to be nearing completion.

I would assume that without Russian oil on the market the oil price will rise (for now), surprised the Chinese are cooperating with Donald.

https://www.livemint.com/news/world/chinese-oil-majors-suspend-russian-oil-purchases-after-us-sanctions-on-rosneft-and-lukoil-report-11761225255672.html

Forget the oil pipeline link, pipeline expected to be completed this year, the pipeline will have 5 heated pump stations along its route.

https://www.seetao.com/details/160403.html

Below are various links each complete a bit of the Mongolia/MATAD jigsaw.

Mongolias daily oil production has fallen 14% this year (see link).

https://english.news.cn/asiapacific/20250623/296dafc87d4a43d6b4ccea651511fa80/c.html

0il production declining, Petro China fields played out. Refinery 2027.

https://www.ubpost.mn/a/13420

MATAD timescales for the workovers, Page 11.

https://www.petromatadgroup.com/wp-content/uploads/2025/07/Corporate-Presentation-30_07_25-Petro-Matad.pdf

Articles relating to potential farmees/partners for MATAD.

2025: https://www.facebook.com/100064495280063/posts/on-5-march-2025-embassy-of-india-organized-a-virtual-meeting-between-ongc-videsh/1039552271537939/

2025: https://x.com/IndiainMongolia/status/1897565460696121451

2025: https://eoimongolia.gov.in/albumimage/Mzg

2021: http://www.mongolianbusinessdatabase.com/base/newsdetials?id=27601

https://www.listcorp.com/asx/exr/elixir-energy-limited/news/farmout-of-mongolian-assets-3154430.html

Old Wolf Petroleum document but interesting read, 10 billion

https://announcements.asx.com.au/asxpdf/20130328/pdf/42dy4gbvvs072h.pdf

Evolution of the Tamtsag Basin, Part 1 & 2. Old doc but interesting.

Part 1: https://e-docs.geo-leo.de/server/api/core/bitstreams/63b84f7a-5d1b-44cc-9e53-d90adbadf51e/content

Part 2: https://e-docs.geo-leo.de/server/api/core/bitstreams/d9f76b34-cb69-40e6-8fcb-9f25e58f4405/content

Heron Competent Persons' Report increases total mean unrisked in-place oil194 million barrels.

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

Good news for Sunsteppe.

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

https://www.abtglobal.com/insights/impact-briefs/building-self-reliant-energy-sector-in-mongolia

If you have not looked at Sunsteppe you can do so at the below link.

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

2021 Mongolian oil industry facts /figures on fields/oilco/production.

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

Heron designated as State Special purpose.

https://www.lse.co.uk/rns/MATD/certification-of-block-xx-exploitation-area-kfsvh3vqi29j5pn.html

Mongolian oil/ Tamsag Basin info.

https://geoexpro.com/upstream-projects-for-the-global-transition/

Adw198, you can seek help at the below link.

https://www.goldenstepsaba.com/resources/attention-seeking-behavior

Good article on waxy oil below, also applies to the 530km pipeline and the reason there will be 5 pumping/heating stations along its route

https://www.sciencedirect.com/science/article/abs/pii/S0920410521011694

I33, i can think of no other reason than flow rate is increasing with each day of pumping, maybe not by much, 2, 3 or 4 barrels extra every day hence we are waiting for a stabilised rate to be reached, yes it could well be due to our waxy oil flowing easier as the well heats up, the heat reduces its viscosity.

Similar story as our onsite storage tanks which need heated during winter months.

For what its worth i think we may be in for another pleasant surprise with H2 production rate.

Doc, try reading the recent releases for the answer, all been explained, you appear to be the only one "trying" to make an issue from Gazelle which has been a great success.

Mr Buck = "Steady Eddie" refers to a dependable, reliable, and calm person who is consistent and can be trusted to do a job well. It describes someone who is calm under pressure, doesn't get easily rattled, and is a consistent performer without necessarily being flashy or seeking the spotlight.

The fact we found ourselves at 0.8p was outwith his control.

H2 & Gazelle are within his control, we now know Gazelle is commercial and we await verification H2 is commercial.

Hence Mongolian urgency to get their refinery up and running and become self sufficient.

Red dot day ???????

Sure the renewables will come alive but its the oil side that is pushing the sp right now and rightly so, Gazelle was a great result and we can expect it to be completed and producing anyday, H2 result is imminent, could very easily be an RNS tomorrow, the same RNS may well carry an update on the reworded sales agreement that will release the 800,000 dollars held back by Petro China and see future invoices paid in full, an update on the farm out would also be great.

ManxK, its satellite of the 50 MW plant that DanLSE gave coordinates for in his 18.46 post

Maybe bit better link

https://browser.dataspace.copernicus.eu/?zoom=13&lat=46.33716&lng=108.35849&themeId=DEFAULT-THEME&visualizationUrl=U2FsdGVkX18b4aOge5s5sCot0qHCw9R1pwnqKEZ6K929eRR69jJC6fUKwyVem6VDJVdxciyn%2FdnE85fBbiK569VaLWclvRFdIJsoZ0p1ymYRyL4bXEJ1XB%2BKOsbdJTnJ&datasetId=S2_L2A_CDAS&fromTime=2025-04-15T00%3A00%3A00.000Z&toTime=2025-10-15T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&gain=1.4&gamma=1.7&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=MOSAIC

Location 46.31928465365669, 108.34386800440956 satellite below,

https://browser.dataspace.copernicus.eu/?zoom=15&lat=46.32248&lng=108.36026&themeId=DEFAULT-THEME&visualizationUrl=U2FsdGVkX18UmZEtOOC5NvzlkFONBHQi%2Fx55DP%2B%2F%2B661j%2BauibsYHJi5P5vst0vZ05ExsXPQe3K8d6diDbxUQ02OX4vUSVyzACwEDmnp6bvoztp6cn5CDgCN%2Fie1mZNS&datasetId=S2_L2A_CDAS&fromTime=2025-04-15T00%3A00%3A00.000Z&toTime=2025-10-15T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&gain=1.4&gamma=1.7&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=MOSAIC