Member Info for Bowley

It’s very disappointing.

I think the business needs a reset, it needs to re-establish trust, we need greater transparency, and the business needs to move forward and begin to deliver.

There are issues in UB, but none which are insurmountable.

Confidence is low and only the Matad board can begin to fix that.

Difficult RNS to accept but equally all is not lost.

Not the progress any shareholder wishes for but there is time still available this year to make gains.

Dozzawba.

I am in UB. If Mike is here I am happy to jump out of what I am doing and pop over to Bluesky.

Will put the argument to bed if he’s then here or not ?

With the end of June in sight is this the time for Matad to come good.

Lots of positive news from here in UB regarding the oil and gas sector. Let’s hope Matad can add to that this week.

Goldmine.

You seem to be pumping old information.

Of course information will be available in the next RNS. That’s what an RNS is for. The fact we are approaching the end of June, three months into the 2022 drilling season and we still have no update let alone an execution strategy that is firm and shared with shareholders is on the Matad boards part delusional.

It’s unacceptable and is not down to Covid.

Time for the board to wake up and do what they are paid to do.

Goldmine.

We have no schedule. We have no dates for production. We have no product to export.

Simply put we are TBA. To be advised.

We have no strategy.

And that is what the government advisor thinks and believes.

Goldmine you cannot export if you have no product !!

You seem to be continually confused by this process.

Who cares what PC are doing.

I am more interested in what Matad are doing, or rather the lack of what they are doing.

Your not very tuned in are you.

Mining and one project in particular is responsible for 40% of the countries GDP.

Oil is at present not a large part of the economy. However as 2025 looms closer and the refinery is commissioned oil becomes a focus hence the renegotiation of the China PSC which was originally signed in the mid 90s.

Matads current inability to get into production only makes them a focus.

Adillathehun, (Fair Analyst)

At what point did I mention I was doing anything related to Petrochina ??

Fair Analyst

What evidence do you want. ?

Give me your number I will be happy to call you ?? You want to email me ??

You name it.

No hints Fair Analyst.

You can read about what we achieved as the Mongolian government. It’s public knowledge.

My advise to you would be to stop pumping the continued rubbish you do. If you are connected to Matad in any way my advise would be to tell them to deliver on their promises.

I for one am fed up with the excuses which is beginning to test my patience along with others.

The board have a very simple group of deliverables to meet this year. My advise would be to get on with those and stop embarrassing themselves.

Fair Analyst.

Kill the messenger/ Kill the message. Your predictable, but continually disappointing.

Your DQE position is likely to become untenable shortly, and with it, you will also likely disappear.

You energy may be better served understanding the companies current shareholder issues.

Read about the OT deal. It may help you understand major projects and multi billion dollar stakeholder engagement.

Wow two posts.

When both rampers and derampers disappear you know things are not great.

We are into the last month of Q2 tomorrow. I am not exactly filled with joy presently.

I can only speak for myself.

The current government is the best Mongolia has had. The current PM is visionary and is making significant changes to the country all on the back of Covid decimating his economy. His senior ministers again are outstanding and understand what they wish as a cabinet to achieve over the short to medium term.

Oil will be a big part of this. The countries investment in a refinery presents a huge opportunity for companies to feed that. Matad will be key to this. The recent discussions regarding the Petro China PSC is a clear indicator the government wants a self sustaining oil sector. I was only reading today the stats for petroleum imports from Russia.

The question I have is if the deck is now so heavily stacked in Matads favour, why are we not getting clear and consistent updates as to how Matad will deliver a stated quota to the government.

Unless there is something else happening within Matad at board level they are not telling the markets, could this be the reason for the ongoing failure to deliver ?

Ibiza

The borders are now open as per the Justice Ministers tweet today,

Borders are no longer an excuse.

What’s changed so fundamentally in the last two weeks that 20 daily posters have disappeared and become silent ?

I thought the news was we would be at 20p by now.

Been observing the news coming out of a cabinet meeting that Mongolia considers the Petro China PSC illegal and potentially corrupt having not also paid adequate tax.

I admire the governments stand on anti corruption and especially the Prime Ministers push for change, which is a difficult topic to address in Mongolia, but shows the investment landscape is changing for the better.

I think as this change is integrated into the business sector within Mongolia this is good for Matad and it’s investors.

Government meeting on the issue of Petro China today.

At today's government meeting, a working group was established to review the production sharing agreement with PetroChina Daqing Tamsag LLC and resolve the issue of renewing the agreement in accordance with relevant legislation.

Goldmine.

Like every one else on here your very welcome to your opinions.

There are many things that could be better or worse.