GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Just posting on here isn't going to get the message across. Use a platform where MATD and Mongolian govt will take note. eg X.com
twitter.com/CyberRaja/status/1783519959114482039
@Petro_Matad Hope the CEO gets to meet Cameron and nudge him to mention to his Mongolian counter part, MATD's predicament in the country. If UK is giving £50m+ to Mongolia, then UK companies should see some reciprocal benefits.. & not be played about by bureaucracy / politics
Data from the GlobalData’s fields database (subs service), Heron will be producing appx 1,000 boe/d by end of this year and going into next year... increasing to appx 2,500 boe/d in 2024, then 4,000 boe/d in 2025.... and 6,000 boe/d by 2026.
MATD will be able to recover appx 59m boe. The well is expected to keep producing till 2056.
Now do the cash flow sums for the above.... this is just for the current discovery at Heron. The free cash flow that will be generated are just eye watering.
Then do the speculative calcs for further discoveries in and around Heron and Block XX (Matad 20) - which is 218km sq. and it gets even more dizzier. Because they know exactly what the Heron structure looks like - it's a matter of finding similar geological seismic data which replicates Heron's seismic. This is why Heron on it's own is such an enormous game changer.
Of course each investor has to decide whether they want to stay in or cash out. However, anyone with an ounce of foresight will see that selling out now after it has been derisked on a massive scale, would like cutting up the goose that consistently lays golden eggs. It's one of the few stocks on AIM i can genuinely go to sleep at night knowing, if the market shut shop tomorrow (for whatever reason) - i wouldn't be too perturbed. It's the derisking news today that has made all the difference. Cash flow = Fact (profit is opinion) - Buffett . This is why cash generating firms attracting super high valuations (like oil producers) - you cant fudge or make up cash flow. Profit however, can be manipulated and massaged.
From master's link to the bloomberg mongolia - petro matad was discussed (3 to 4 mins into the video). I managed to transcribed the audio, extract it to a text file, and then translate it.
"The Government has informed that the draft of the revision of the Investment Law will be submitted to the State Congress.... the draft law provides for the resolution of issues such as the duplication of state inspections, land issues, and removal of road investment restrictions. To clarify, the threshold of 00,000 dollars for the investment amount of legal entities with foreign investment will be removed, and in the case of road land relations, the right to use land will be granted to enterprises with foreign investment for a period of 60 plus forty years."
Get yourself a proper broker and they'll tell you what such trades really are. That 28.5m trade is a bucket shop reporting a mass dump (cumulative trades done over yesterday and today).... they took on stock in the placing and sold on to clients, bagging commission. Once done, they reported the cumulative amount sold.
You seriously think market makers actually hold such amounts of stock on their books ?
as i said get yourselves a proper advisory broker - it'll prevent you from making outlandish guesses.
Cheers for that..
references oil sector (translated)
Mongolia ranks 15th in the world with 173 billion tons of coal reserves, 6th in Asia with 74 thousand tons of uranium reserves, 36 million tons of copper reserves, about 250 million tons of oil reserves, 11 billion tons of iron ore reserves, and 3 million tons of rare earth element reserves. 22 million tons of feldspar accounts for nine percent of the world's reserves.
To this extent, the mining sector accounts for 93% of Mongolia's exports and 69% of foreign direct investment. For our country, which is dominated by the export of raw materials, the primary goal is to establish a processing plant for the main raw materials of export, such as coal, oil, copper, and iron ore, and to increase the production of value-added products based on advanced technology and innovation. Therefore, the Minister of Mining and Heavy Industries J. Ganbaatar emphasized that it is necessary to focus mainly on accelerating the process of transition from mining to processing, clarifying the legal environment, attracting investment, and preparing human resources.
Minister of Economy and Development Ch. Khurelbaatar presented the current situation of Mongolia's economy, external and internal factors, and future trends in detail to the participants of the conference. He said that it is important to have a stable investment environment in the field of industrialization.
Ready for the raptor
This morning Petro Matad, the Mongolia-focused E&P company, announced that it has commenced mobilising equipment to allow it to spud the Velociraptor-1 exploration well in the first half of June. The prospect is located on Block V, where the company has a 100% working interest. Management believes that this well could have a 20% chance of success and, with potential recoverable resources of 200 mmbbl, could prove to be transformational for the company. Success would also de-risk additional adjacent prospects in the licence.
Full writeup by Progressive Equity Research here : https://ibb.co/BTBVY14
Pharos Energy
San Leon Energy
Genel Energy
ENWELL ENERGY
Igas Energy
Serica Energy
Prospex Energy
Sound Energy
88 Energy
and on and on
theres a reason why companies are calling themselves "Energy".... it's no longer politically correct or PR savvy to have "oil" in your company's name