The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
From Mike Buck,
We are heartened that, despite the disruptions evident around the world, we are still able to progress the Block XX Exploitation Licence application with the Mongolian authorities."
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.
https://thediplomat.com/2020/05/mongolias-next-election-will-feature-new-types-of-candidates/
The atmosphere around this year’s election is different from previous contests because of the diverse set of candidates; it ranges from politicians who have dominated politics for the past 30 years to the ones who have made names for themselves on (social) media as well as the leaders of neo-nationalist movements and human rights activists. The active use of social media presents an opportunity for level playing fields for candidates to engage with voters. Many voters express the view that they have been through seven cycles of broken (reform) promises in the past, so some may be leaning toward the new voices that are presenting themselves in this election.
Many of the new candidates who have cast their political frustrations aside and embraced the possibility of being elected in what remains a free contest may not win. But there is some chance at least that their campaigns will showcase the possibility of a different relationship between the electorate, candidates, and parties. This would signal a real shift in Mongolia’s political culture that could nudge political discourse in the direction of concrete policy debates that have been lacking in previous elections. This signal may be particularly important to young voters, whose understanding of democracy is still evolving.
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