Member Info for ftsemajorgeneral

Facts to keep in mind as per abzzba post.

Despite the increase in troll activity the facts remain the same.

1: Block XX has billions of dollars of oil. (recvoverable 60,000,000+ barrels)

2: Currently producing circa 350 bopd, Gobi & H2 delayed until this year, hot wax wash at H1 likely increase production by around 20%.

3: Mongolian ministers pushing for the refinery to be completed 2026/2027.

4: Mongolian oil production dropping, they need block XX developed ASAP, Mongol production 14k bopd, refinery needs 30k bopd.

5: Once supplying the refinery via the pipeline we cut out middle man handling/transportation costs and get circa $12 more for every barrel of oil.

6: Farm in proposal received after due dilligence field visit, almost certainly by Indian explorer, no doubt PC interested as well as the recently signed MOU demonstrates.

7: Oil sales agreement nearing completion, 900k lump sum not far off plus payment in full for invoices.

Abz, shame your post is buried in a mountain of crap, i have reposted it below.

1: Block XX has billions of dollars of oil. (recvoverable 60,000,000+ barrels)

2: Currently producing circa 350 bopd, Gobi & H2 delayed until this year, hot wax wash at H1 likely increase production by 20%.

3: Mongolian ministers pushing for the refinery to be completed 2026/2027.

4: Mongolian oil production dropping, they need block XX developed ASAP, Mongol production 14k bopd, refinery needs 30k bopd.

5: Once supplying the refinery via the pipeline we cut out middle man handling/transportation costs and get circa $12 more for every barrel of oil.

6: Farm in proposal received after due dilligence field visit, almost certainly by Indian explorer, no doubt PC interested as well, few days ago MOU signed with Petro China.

7: Oil sales agreement nearing completion, 900k lump sum not far off plus payment in full for invoices.

Several other points i could add but the above is more than enough to instill confidence.

Can well understand why SEA want Buck on board even if it is a non exec position, experience like his is essential and not easy to come by today.

Anyone else wondering if todays rise due to leaky ship, MB has real liking for Thursday RNS.

2026, lot of news to come, bring it on

Mimbrit, goodwill should not be limited to XMAS time however goodwill has been in short supply on this board since September last year, prior to this it was a perfectly normal type chat board, if there is anyone that doubts that please check for yourself.

Kev, are you now in agreement that Adw198 wished cancer on TBT and that Adw was the first person on this board to start using this TOXIC type behaviour ?, i ask as previously you have always said "if Adw said this", seems you now agree that he did ?.

Farm in, buy out of Block XX or go it alone, i am easy with either option, long term the go it alone is the best option for share holders but not everyone is willing to wait another few years.

Abz, Totalenergies would be the IDEAL partner for Block VII, imagine.

100% agree, PMs field assets are huge, Mongolia "need" more oil, its there for the taking, holding long term if that's what it takes, the upside is massive, we know it and so do Petro China, OVL, Mongolia and those that spend their sad lives on here every day trying to convince us to sell.

MATAD would do well to look at the bigger picture, in a year or so we can be supplying the refinery direct and be receiving 25% more per barrel of oil once we cut out Petro China handling, processing and trucking fees that we have just now by selling the oil to China.

Long term it makes a lot of sense to go it alone.

KK (your missing a K) no need to chase the rainbow, its getting closer every day.

Deliberately misleading and why put so much effort and time into posting this, makes me even more confident the end of the rainbow is getting closer and is indeed loaded with gold.

Abz, agreed, i doubt it will take long to hammer out and agree on the finer points of the proposal, if it is OVL Videsh it would not surprise me if the refinery operator is in the mix somewhere given they have been in communication with each other.

All ticking along nicely, good RNS, shame about H2 but you cannot win them all.

Tomorrow RNS: MATAD is pleased to announce an offer of 250 million dollars has been received for the sale of block XX, at this time we cannot name the party, BINGO.

"Fantastic result at Gazelle,", certainly was, but remember that's the well our Adw said would be a DUD.

With Mongolian oil out put falling just when it needs for it to increase for the new refinery its understandable block XX is hugely important to Mongolia, no doubt this is why it was designated special purpose land (ref Feb RNS). As stated in previous post block XX is the only known untapped oil field in Mongolia.

We also know that Petro China 20 year old oilfields are played out hence the reduction in Mongolian oil output.

https://montsame.mn/en/read/379852

Unnd, WAKEY WAKEY

I always thought our Kev was the weak link in the NEG trio but changed my mind, its Unnd, not the sharpest !!