Member Info for gadgie

Biggest thing anyone can do is filter great tool all peace and calm over here , come join !

Yeah agree Draw a line in the sand …. Filter those that annoy …. Stop bringing it up please

He stated in presentation 2 weeks ago he would arrive this week 35 mins in feet on ground block VII

https://www.google.com/search?sca_esv=7466096905fafdc9&udm=7&fbs=AIIjpHxU7SXXniUZfeShr2fp4giZrjP_Cx0LI1Ytb_FGcOviEiTm5uW1q0uNfK7KsnoL8hWZUZ3ZEPhe0cPqXxrOlmBaXNrzSbxDmRd08BPr8JCE3pVXYUHMVNzdlQeeldqIj87HIh_qeWv2dsxbnJ6fPc2VELOiSSXbq2vRa_L6GfTrXQznUpA3DmHKLfLVZ-NW_OcQP4WcPD_F2IquG9nkLmmIOrc7Ug&q=petro+matad&sa=X&ved=2ahUKEwjb5e39rIKPAxVnYUEAHVYpLEcQtKgLegQIDRAB&biw=1200&bih=740&dpr=2#fpstate=ive&vld=cid:deed4b11,vid:0zhzbYivPvc,st:0

Socio-economic benefits of the oil refinery

Firstly, once it becomes possible for Mongolia to produce its own gasoline and oil products at the oil refinery in Altanshiree soum, the country will no longer be dependent on imports. In other words, the country will increase its economic independence in the region.

Furthermore, the foundations for the petrochemical industry will be laid out with the introduction of the technology. Alongside making contributions to the state and local budgets, the refinery will not only create some 600 job opportunities, but also significantly increase the number of jobs available in the industry indirectly.

As the outflow of foreign currency decreases, foreign exchange rates will stabilize. And as a result, Mongolia’s GDP is estimated to grow by over 10 percent. In this sense, the project for the construction of an oil refinery in Altanshiree soum could be considered as one of the main projects to boost the country’s development.

$ 1.7 Billion on Refinery ( Loan )

$300 Million on pipeline

Requires 30,000 bopd feedstock. Current domestic

production is less than half that and declining

• Heron Field production will help meet this demand

• Pipeline construction from Mongol Refinery is now close to

Block XIX (97% pipeline welded and 67% buried)4 and

pump stations are being constructed.

• Pipeline will offer a more cost effective off-take than current

trucking

Jerry arrives in Mongolia ......news start to flow shortly !!!

We all have to meet our maker one day ! Sleep well Doc

A well test of Gobi Bear 1 is also being considered. Geochemical analysis of rock samples has given an indication of migrated hydrocarbons in the well. More samples are being sent to the contractor to confirm this finding which would give support to the log interpretation of potential oil pay in the well.

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

We hit Oil with H1 in 2019 and Gazelle looked promising i know we had delay's with land access etc but were Mongolia going to allow us to develop and produce knowing China would take a cut ? Perhaps all along the game plan from MG was to wait for Refinery cutting out any middleman ? Over a Billion on Refinery and 300 Million on pipeline Hmmmm they know full well what we have in the Ground !

Bearing in mind the pipeline is ahead of Schedule ....immense pressure is now being applied to PM / Petrovis ....

Route & Technical specifications

The pipeline spans over a length of 530 km, passing through desserts, and mountainous regions; as well as populated communities over nine districts, in three unique provinces. It connects the oil wells in Matad District, Dornod Province to Mongol Refinery in Altanshiree District, Dornogovi Province. The pipeline will be constructed underground.

The estimated cost for the Dornod–Sainshand Oil Pipeline is around $700 million for the refinery and an additional $264 million for the pipelines connecting it to local fields

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

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

Oh and i forgot Farm in Deal ....Wowzer

Ive been in since 2008 and IMHO it has never looked better for Matad ....

1) Proven Oil and Producing

2) H2 75 % chance of pumping oil to suface

3) Gazelle

4) Game changing Gobi 1 well

5) Millions incoming Via Sunsteppe

and all for under 1p lol next 8 weeks will transform PM !!!

News flowing next 8 weeks with a big re rate and upgrade all round !!!!

Crude oil from fields in eastern Mongolia

Several key players and fields are involved in crude oil production in eastern Mongolia:

Block XX: This is a significant exploitation area in the far eastern part of Mongolia where the AIM-listed Mongolian oil company Petro Matad holds a 100% operated interest. They discovered the Heron and Gazelle fields here in 2019. Production from the Heron-1 well commenced in late 2024. Block XX production is transported to nearby facilities on Block XIX for processing, storage, and export under an oil sales agreement with PetroChina.

Block XIX: Operated by PetroChina, this block is adjacent to Block XX and houses the Toson Uul field complex, the country's main producing oil field complex. Crude oil from this area is currently trucked to a pipeline terminal in China.

Tamtsag Basin: This basin in eastern Mongolia is historically the most productive part of the country. It extends into northeast China as the Hailar Basin. The Tamtsag Basin currently produces approximately 17,000 barrels of oil per day (bopd) from several small fields, with the crude exported south to China's Hohhot refinery.

Heron Field: Located within Block XX and operated by Petro Matad, this field has an estimated 190 million barrels of oil in place. The Heron-1 well tested at a maximum rate of 821 barrels of oil per day.

Gobi Bear Prospect: Also located within Block XX, this prospect has estimated mean in-place oil resources of 307 million barrels. An exploration well, Gobi Bear-1, commenced drilling in September 2024 to target this prospect.

Mongol Refinery: Under construction near Sainshand, this refinery will have an initial capacity of 1.5 million tonnes per annum and aims to process crude oil from eastern Mongolia, reducing the country's reliance on imported refined products. A 530 km pipeline is being built to transport the crude from the Tamtsag basin to the refinery.

IMHO we have known for a while what we actually have and now the pressure is on !

MB Stated Pipeline to feed Refinery almost complete ! Where is the Pipeline ?

The oil refinery is expected to be commissioned in 2028. Furthermore, the construction of a 530 km oil pipeline which will transport crude oil from oilfields in eastern Mongolia to the refinery commenced in 2023 and its completion is scheduled in 2025.

Block XX has an area of 214 square kilometres in the far eastern part of the country

Imagine not being able to feed the Refinery that Mongolia Loaned nearly 2 Billion for : Imagine the pressure being applied to Matad and Petrovis to shore up reserves / Production , what is mongolia's only chance to feed the Refinery ? We have several bites of the cherry and i have no doubt MB has known for a while what we actually have in H2 ,Gazelle & Gobi . Next 8 week's will Transform PM goverend by Petrovis !!!

Manx whats your average if you dont mind me asking ? Managed to get mine down to 1.4