The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
As outlined in our last update issued on 23 March, the proactive approach taken by the Mongolian Government has been successful in containing the spread of COVID-19 in the country. Apart from the cessation of international travel, there remains no significant impact on Petro Matad's operations in country and the Government ministries are open and functioning as normal.
The Block XX Exploitation Licence application is progressing with the Mongolian authorities with meetings already held with industry regulator MRPAM and their audit of the Heron Reserves Report now successfully completed. The next step in the process involves the Reserves Report being reviewed by technical departments in the Ministry of Mining and Heavy Industry after which the Plan of Development will be required to be submitted. Work is already well advanced on the Plan of Development documentation and we continue to look for ways to expedite the approvals process in cooperation with the relevant authorities.
Not long now then... GLA
Not knowing much about oil pumps, found this illustration quite interesting.
Petro China posted on Instagram
https://www.instagram.com/p/CAK-mlejpxy/?igshid=1s8eue7ymxby6
D1nger, it’s a real shame you do not post anymore!
I think we was all disappointed, when snow leopard did not deliver.
I remember once you was the only real poster on this bb, I was so impressed I researched this company after reading your posts..
I sold all of my mining shares, and came over here.
Bought at 4p and see it rise to 38p!
I’m still here adding to my holding, not sold a share until we start pumping that oil out..
Good luck, and hope this company delivers for us all.
Hopefully this will help!
https://www.independent.co.uk/news/business/opec-oil-price-war-russia-saudi-arabia-coronavirus-recession-a9461991.html
GLA
Hi Manro,
I totally get what your saying, selling some stock and getting into others, where there are great opportunities.
But I made the decision to stick with it!
And added more in here, only time will tell if I made the right decision.
Hope you keep some invested here, always good to here your comments. GL buddy
Hoping for a better day today, suffering in silence the last few days...
On a better note, I did get a response from an e-mail voicing my concerns.
Assuring me that all plans for 2020 are going ahead as scheduled.
Good luck all