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Understood thanks

My understanding is that it doesn’t take long for acid to work so I’m going for ten days max before they know if it’s a producer ? Another 10 days to try water injection ?

Not much required to uplift H2

3 year extension ( tick )

30 plus million investment / equipment ....no tax huge savings

Letter of Intent ( tick )

Wrong ...BV ...block XX will require significant investment to meet refinery requirememt's and no doubt the Farm in Partner will be over the moon with no tax on all Equipment imported required thats huge savings

Not long now IMHO

The immediate significance of this is that the five-year payment holiday period for customs duties on imported goods and equipment is also extended by three years which will result in savings in future operations.

Https://mmhi.gov.mn/2025/08/19/%d0%b0%d2%af%d1%8d%d0%b1-%d0%b8%d0%b9%d0%bd-%d1%81%d0%b0%d0%b9%d0%b4-%d0%b3-%d0%b4%d0%b0%d0%bc%d0%b4%d0%b8%d0%bd%d0%bd%d1%8f%d0%bc-%d0%bc%d0%be%d0%bd%d0%b3%d0%be%d0%bb-%d1%83%d0%bb%d1%81-%d3%a9%d3%a9/

Abzzba can you add a item please :

The project's executive director, D. Altantsetseg, also mentioned in his presentation that the construction of the oil pipeline is 86.4 percent complete.

So much incoming over the next few Month's .....And the Renewables / Sunsteppe keeps us busy during the winter months totally diff play now, Xmas coming early

5 Weeks Guy's then a Major Re Rate even without the Game changing ( IMHO ) Gobi Bear results

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1) Proven Oil and Producing

2) H2 75 % chance of pumping oil to surface

3) Gazelle

4) Game changing Gobi 1 well

5) Farm in deal

6) Millions incoming Via Sunsteppe

4 projects exclusively held

➢ 24MW solar/wind for Oyu Tolgoi (OT) Green Hydrogen - targeting online 2026 $50,000 - £100,000 P MW ( $2,400,000 top end )

➢ 50MW Choir Battery Storage - 2026 ( ($5,000,000 top end )

➢ 200MW hybrid plant to replace coal. Commercially competitive PPA in place - 2027 ( (£20,000,000 top end )

➢ 1500MW export to China with major Chinese utility - 2029 ($150,000,000 top end )

➢ Several more opportunities under review

➢ SunSteppe CEO advising government

Heron-1 electrification

Heron-2 re-test with acid wash / water injectivity test

Heron-2 completion as production or injector well

Gazelle-1 well test

After Q3 :

Gazelle-1 completion as production well

Gobi Bear-1 well test

Gobi Bear-1 completion as a production well

Block VII geochemistry, seismic reprocessing, gravity data

RE development funding - Hydrid

RE development funding - Export

N 2024, we are estimated to have spent $1.8 billion on fuel alone.

"If we can retain 50 percent of this foreign exchange flow domestically, it will open up opportunities for investment in other things, and inflation and the exchange rate will stabilize to that extent," he emphasized.

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Petrochina wells drilled mongolia

In Mongolia, PetroChina Daqing Tamsag (Mongolia) LLC, a subsidiary of PetroChina, is a major player in oil production and drilling activities.

Here's a breakdown of PetroChina's drilling presence in Mongolia:

Significant Drilling Operations: PetroChina Daqing Tamsag operates the Toson-Uul and Tamsag oil fields, where it has drilled a substantial number of wells.

Toson-Uul: 982 wells drilled, with 491 actively extracting oil.

Tamsag: 589 wells drilled, with 311 actively extracting oil.

Dominant Production Share: PetroChina accounts for over 95% of Mongolia's total oil production and exports.

Infrastructure & Partnerships: PetroChina's existing infrastructure, including pipelines and processing facilities in Block XIX, is crucial for other operators like Petro Matad to transport and sell their oil. Petro Matad entered into an oil sales agreement with PetroChina for the production from its Heron-1 well in Block XX.

New Ventures & Collaborations: PetroChina is involved in discussions with other companies to explore and develop oil and gas projects in Mongolia, such as the potential partnership with TMK Energy on the Gurvantes XXXV CBM project.

In summary, PetroChina has drilled a significant number of wells in Mongolia and plays a critical role in the country's oil production and export activities.

PC have a warehouse full of spares and redundant equipment .... Daily production dropping ....1 plus 1 =

Agreed except I firmly believe that as soon as H2 flows better than 100 bopd the Farm out will be announced partner imho is just waiting for H2 lets see

6 weeks for everything to come together before we go into Q4 and timeline suggests everything must be done before …. So I’m predicting H1 electrification and tax this week …H2 started this week and will take 2 weeks …. Then Gazelle and Gobi so overall a busy 6 weeks that IMHO will transform PM and indeed Petrovis ….