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2.27 talks about tamsag basin

https://www.facebook.com/reel/1384378656863923

When will Farm in partnership start drilling hmmm perhaps Mike knows this hence little mention of it yesterday…. Farm in could have all resources and equipment required so let’s not rule out any wells this year

MB mentioned yesterday Refinery should be online Feb 28

Mongolia currently producing circa 10,000 bopd ....Refinery requires 30,000 BOPD

To fill the four 10,000-cubic-meter storage tanks at start of pipeline , you will need approximately 251,647 barrels of oil

To fill Pipeline 12 inch 530 Kilometres Circa 243,000 barrels of oil

494,647 Barrels of Oil Req'd ....

Raw crude slightly cheaper and thats a lot Req'd just for start up

Pleb ...says it all :)

Https://www.youtube.com/watch?v=rfsWgVtAZa8

Sinopec buying blocks in YIn'e Basin

China's Sinopec has secured exploration rights for nine hydrocarbon and coalbed methane (CBM) blocks, covering approximately 2,336 square kilometres in Inner Mongolia and Henan provinces. This acquisition is a significant step towards the company's broader goal of bidding for up to 478,000 square kilometres of unlicensed oil and gas acreage in the country.

Block Details and Strategic Impact

Sinopec Zhongyuan Oilfield Company secured the rights with a total bid of 58.87 million yuan (about US$8.47 million). The awards comprise five oil and gas blocks in Inner Mongolia and four CBM blocks in Henan. Securing these blocks at the start of China's 15th Five-Year Plan provides a strategic development advantage, accelerating Sinopec's drive to become a top-tier oil and gas company targeting annual production of around 10 million tonnes of oil equivalent. The new blocks increase Sinopec Zhongyuan Oilfield's total exploration acreage by 14.3%.

Geographical Breakdown

The five Inner Mongolia blocks, covering 1,381 square kilometres, are located in two basins:

In the Yin’e basin: Alxa Right Banner South and Manghanchaoke blocks.

In the Erlian basin: Zhenglan Banner, Xilinhot and Naomugen Sag West blocks.

A sixth block offered in October was awarded to a different company, Inner Mongolia Geology & Mineral Resources Group Company Ltd.

The four CBM blocks in Henan, covering about 956 square kilometres in Puyang city, are:

Fan County East-Taiqian West

Nanle East-Qingfeng East

Nanle West-Qingfeng West

Taiqian East

These awards significantly support the parent company's "gas-for-oil" strategy by leveraging unconventional reserves to broaden development prospects in the mature Dongpu production area.

So it's either Sinopec ....Petrochina or China National Petroleum for block V11

So it's either Sinopec ....Petrochina or China National Petroleum for block V11

The primary oil producer and explorer operating in the Yin'e Basin (Yingen-Ejinaqi Basin) in northwestern China is Sinopec (China Petrochemical Corporation). Sinopec made several significant hydrocarbon discoveries in this region, targeting organic-rich, fine-grained deposits like the Early Cretaceous Bayingebi Formation and the Chagan Sag.The Yin'e Basin, located primarily in the western part of Inner Mongolia and northwestern Gansu, is a large Mesozoic-Cenozoic faulted basin with substantial resource potential.Alongside Sinopec, other dominant state-owned Chinese energy conglomerates hold strategic exploration and production interests in the broader northwest regional basins:PetroChina Company Ltd.China National Petroleum Corporation (CNPC)

The term Yin'e Basin (also known as the Yin'e Basin or Yin E Basin) is an important geological and hydrocarbon exploration zone located in northwestern China and western Inner Mongolia. It is situated at the junction of the Tarim, Siberian, Kazakhstan, and North China tectonic plates.Scientific interest in the Yin'e Basin centers around the following key features:Hydrocarbon Potential: The basin is a major area for petroleum exploration, known for its small-scale rift basins and deep-water (lacustrine) black shale formations.Geological Evolution: It experienced significant tectonic activity and complex faulting, largely during the Mesozoic Era. The basin's "Chagan Sag" (sub-basin) is extensively studied for its volcanic reservoirs and unconventional oil and gas accumulation.Paleoclimate Records: The basin's strata provide vital terrestrial records for Early Cretaceous paleoclimate fluctuations, showcasing how the region transitioned between different climate states millions of years ago

70% recoverable before taxes come into play that's many many millions :)

Pro slow and steady wins the race buddy !

MB was very confident today IMHO ...and awaiting farm out deal that could generate a divi also SRE could also generate a divi ...Farm out block xx seismic done by potential partner and awaiting results, i got the impression he was confident ! So potentially this year we could have 2 Farm Out deals and possibly 2 Divi's , no debt $3 million at Hand $2/3 million oustanding what's not to like ?

10,000 current production requires 30,000 per day refinery ...75000 per daily needs

H1 uptime 99%

Gazelle uptime 87% water

Targeting another 15% reduction daily op costs

No hot oil washes req'd yet (wax)

Gazelle revised est could increase 2-5 MMbo updip potential !!

H2 radial drilling this year ?

Several chinese parties interested in block 7

Pole position 100MW solar batt ...up and running this year ...

2026 oil sales agreement final approval imminent .....35000 barrells chinese traders interested

Farm out .... capital injection req'd ...oil price rise several interested parties ....chinese

H2 costs to date $3 million ...cheap to continue with stimulation etc

Gobi still awaiting company to test tight schedules ?

Waiting costings Radial drilling

Block 7 ... 2 counterparties interested

Block 7 huge prev operater 40 - 200 million barrells estimate

Cash at hand $3 million

Dividend possible good farm in deal ...Sunsteppe possible Divi

full cost recovery 70% to MATD

no need for raises in future lower cost value activities priority

at $100 oil Net back inc costs etc is $62

Renewables ....development premium to be paid to us

Chinese very active on all fronts

Revenue this year SRE

Jan 27 deadline for Farm Out ideally this year

Gobi after Seismic finished

3 D possibly Aug hopefully gazelle 2 .... 3 D costs few hundred thousand remainder to be paid in 27

Gazelle revised forecast waiting new mapping results

Chinese oil traders want our 35000 barrells

Blue finish

Seismic Done

35000 Barrells sitting waiting

Gazelle resource ( waiting )

Gobi

H2

Several interested parties

Seismic has been done by interested party we await the feedback HMMMMM lot's of oil down there IMHO

The counterparty chose to do some seismic reprocessing of Block XX data

US tried to slip 4 ships in Hormuz and got fired on

Zero debt !!! 35000 Barrells stored