Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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.
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.
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 ?
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.
Jimi.
I tapped on the British flag in the top left hand corner and the document reverted to English. Lots of good intel worth reviewing.
I found out today I am off to Mongolia for a visit mid June so I can ask a few questions whilst there.
I find all facts and information helpful, especially when it may impact my investment.
Why do some here get seriously bent out of shape when the data is either negative or not positive. I would rather have all the facts for consideration.
Some need to chill out.
Osterliamate.
You make several large assumptions either based upon your own thoughts or perhaps as you are stating so articulately perhaps on behalf of the company.
Either way we are not nimble and certainly not lean. If we were we would be far more active.
Master82.
You are spot on.
I deal with facts. I know what’s happening in Mongolia with our ASX cousins, know what’s happening at the border, and am fully briefed in terms of Covid.
The facts are by the end of June Mongolias larger companies no longer will apply any Covid factors to their operations.
Matad should really be miners as they are digging their own grave, and it’s disappointing to watch.
Ojay.
Far from venting I am trying to remain balanced based upon all the facts and information available.
I presently feel our collective performance over the last few months has been a little under par. Change and Covid I am happy to take into account and recognise Covid especially is a factor Matad do not control.
However 2022 must demonstrate progress or else we will be drawing down on the raise and not showing any meaningful progress.
I think Master82 has established the progress we should expect and have been led to believe would be delivered by Matad has, or is, failing to materialize.
I think that’s a very balanced and factual view.
Just because people have not lost money or been impacted does not relieve the Matad board of its duties to meet its deliverables for 2022.
I accept change is always a factor and that can delay aspects of our project, but constant failure which impacts the investment case by years is not acceptable.
It’s a desperately sad situation we find ourselves in. I agree there may be issues the board are trying to manage and resolve, but the lack of contingent planning to mitigate what are normal challenges in Mongolia is at best poor.
We know of several other companies drilling. Some of those groups are newer to Mongolia but appear to have their strategies firmly worked out, and are making progress.
The government and MRPAM are very functional so I do not accept complaints these aspects create difficulties.
Unless there are issues the board are not being completely transparent about I am beginning to struggle with their lack of performance.