Member Info for gadgie

I wouldn't let any one jump in and outbid me regarding Farm in esp with Gazelle coming in and adding millions of barrels into the mix .....this is getting very very interesting !

Friends,

India has been a strong and reliable partner in Mongolia’s development.

The Oil Refinery Project, supported by India’s $1.7 billion line of credit, will strengthen Mongolia’s energy security. It is India’s largest development partnership project globally, with over 2,500 Indian professionals working alongside their Mongolian counterparts to make it a reality.

https://www.mea.gov.in/Speeches-Statements.htm?dtl/40203/English_Translation_of_Press_statement_by_Prime_Minister_during_the_Joint_Press_Statement_with_the_President_of_Mongolia_October_14_2025

Https://www.youtube.com/watch?v=RUQTUXiigHM

IMHO

Partner to take all costs to drill well's on block XX cash injection / upfront payment to MATD ...50/50 split on profits ....1p special dividend IMHO ...DYOR lets see

Im going for .... Hi stable at 150 ...Gazelle ...300 ...H2 150 ... total BOPD 600 ...PC tax issue's all sorted and paid .... Farm In deal at Final stage ready for sign off and details made known ...special dividend 1p ....it's beginning to look like Christmas ! :)

Or switch / dual list ?

Mongolia bets big on green power

The fund was created in April 2024 and already holds about $1.4 billion and it is waiting for government approval on which projects to invest in. The fund was created to use mineral revenue to improve infrastructure and power new industries.

https://www.cryptopolitan.com/mongolia-bets-on-data-centers/

Forgot about renewables :)

Oil Pipeline finishes this year

Oil Refinery and storage need filling 2026 Q3/4

Russia Oil issue's

China / Us Trade War

Mongolia to host cop 17 2026

Refinery expected to generate 10% of Mongolia's GDP and not enough oil to feed

H1 stable 150BPD

Gazelle possibly 300+BPD

H2 due shortly

Farm In deal transformational and this year IMHO

Gobi and Gazelle 2 next Apr

Just need one of these :

https://www.pv-magazine.com/2025/10/10/chinese-pv-industry-brief-inner-mongolia-launches-16-gw-renewables-project/

Petro Matad commissioned Leap Energy to perform a Competent Persons Report on the Heron and Gazelle

discovered accumulations and remaining prospectivity in the northern Block XX. in February 2020.

slide 16

Slide 12 with Gazelle now proven 100-200 MMbo unless ive read it wrong ?

https://www.petromatadgroup.com/wp-content/uploads/2021/08/Corporate-Presentation-05_08_21-Petro-Matad.pdf

Old but relevant

https://geoexpro.com/upstream-projects-for-the-global-transition/

H2 75% chance ...gazelle 50% ...Gobi just couldn't leave it without testing zones

:)

So 3 Day's so far cleaning H2 should be over shortly ?

Oh and no debt ....liquid gold

Up front payment ... wells drilled next year 50/50 share ....refinery oil pipeline all need filling

Gazelle-1: Updip of proven oil

Gazelle-1 was spudded on 19 September and is expected to take around 35 days to reach a TD of around 2,500m (including logging). The exploration well is located 4.5km south-west of Petro China’s T19-46-1 oil well and to the west of Heron-1. Gazelle-1 sits updip of T19-46-1 on the western flank of the Tamsag Basin and is on trend with the best producing wells in Block XIX. Reservoir quality has been observed to improve westwards in Block XIX, and should therefore be favourable for Gazelle-1.

The well is targeting mean prospective recoverable resources of 13mmbbls. However, this is based on the structural trap and there is potential for further upside in the stratigraphically trapped part of the accumulation. In the event of success, the company expects to be able to complete well testing operations before the winter shutdown of operations in late November.

https://www.investing.com/analysis/petro-matad-oil-established-in-block-xx-200468618

Block XX

Block XX is adjacent to the main oil producing region of Mongolia, the Toson-Uul sub-basin of the Tamsag Basin in Block XIX, operated by PetroChina. The main proven and producing petroleum system is the Upper Jurassic-Lower Cretaceous play. The Heron-1 well proved the extension of commercial volumes of oil into Block XX and following approval of a Reserves Report and Plan of Development, a 214 km2 Exploitation Licence was awarded in July 2021 which covers the full extent of the Heron discovery, the area up-dip of the Gazelle-1 discovery and undrilled exploration targets having significant upside and has an initial term of 25 years with two additional five year extension periods available. Upon the award of the Exploitation License, the rest of the exploration area was relinquished.