Member Info for gadgie

Must admit been a long 12 weeks :) let’s hope the wait has been worth it come on Bucky !

My Guess for what it's worth ....

1)Farm In Partner has made firm offer but we have another interested party and they have also received our proposal we must do our best for our shareholders and that means we accept best offer

2)We are not going to de Wax H1 due to oil prices

3)H2 remedial works have started

4)Gobi is getting ready to be tested

5)Gazelle flow rate has been turned up to max to ensure we take full advantage of current prices

6)We will drill Gazelle updip this year from current fund's

7)Work has started with Sunsteppe Tuv Province Hybrid Energy Project: Sunsteppe is deploying a 200MW co-located solar, wind, and battery storage project. Phase 1 focuses on a 100MW Solar PV rollout targeted for ready-to-build status by Q3 2026.

8) PC have signed off 2026 sales agreement and payments being made on time

Well done that Man !

Apologies not matd … Mr Wooster I watched gex this morning and I would have bottled it did you stay firm

Plenty after hours but alway's a raise :)

Good Point so that's 3 trading day's before AGM

Fair play Mr Wooster nice purchase

No need for raises IMHO ....We now Produce and have struck with Gazelle which put's us in a totally diff position to just having Heron ...Imagine if Gobi comes good and brent prices doubling our revenue ....Soft Loan should be easy or we stick to Farm Out ....Odd's on a Red dot Thur's Morning 4 trading day's before AGM ?

While Mike Buck serves as the Chief Executive Officer, Shinezaya Batbold is a prominent Non-Executive Director on the company's Board of Directors and is the CEO of Petrovis Venture Capital LLC.

AI

Petrovis Venture Capital LLC is a primary venture capital fund based in Ulaanbaatar, Mongolia, operating as a subsidiary of Petrovis Group—the largest fuel and petroleum importer and distributor in the country.The fund focuses on investing across diversified small and medium-sized enterprise (SME) sectors, serving as a vehicle for the parent group's corporate venture capital, market expansion, and strategic energy initiatives.Key Corporate & Structural DetailsExecutive Leadership: The firm is led by CEO Shinezaya Batbold. She also serves as a Director of Petrovis LLC, Chairperson of the gas distribution business UniGas LLC, and a board member of multiple international ventures.Core Function: Established as one of the first local venture capital entities in Mongolia, it builds a bridged portfolio between traditional logistics/fuel delivery and emerging commercial sectors.The Petro Matad Connection: Through its broader corporate umbrella, Petrovis is the founding and single largest shareholder of Petro Matad Limited ($MATD), an AIM-listed oil and gas exploration company operating major petroleum blocks in eastern and central Mongolia. Shinezaya Batbold represents Petrovis's interests directly on the Petro Matad board as a Non-Executive Director.Energy Transition Integration: Alongside managing SME investments, the executive framework of Petrovis VC aligns closely with newer initiatives, including Petro Matad's joint venture with SunSteppe Renewable Energy aimed at developing large-scale green energy projects inside Mongolia

What are your thought's regarding Petrovis if we decide to go it alone ? Is it now time for Petrovis to give a soft loan in order for us to remain 100% independent

https://en.petrovis.mn/

Structure: It operates a vast network of filling stations nationwide and includes subsidiaries like Unigas LLC (gas distribution) and Petrovis Venture Capital.Investment Portfolio: Petrovis is the single largest shareholder of Petro Matad, an AIM-listed oil and gas exploration company operating in Mongolia.

No doubt we have all been bitten by AIM listed penny shares ...MATD have my interest since 2008 and i have added , When the red dot arrives i'm sure we will all be rewarded let's see !

Any day we expect a RN's would appreciate your thought's if iv'e missed anything

1) No Farm Out ....Unlikely 3 interested Parties with one at the Finish Line

2) Raise to go it alone ....Drill additional well's Gazelle / Heron ...Unlikely IMHO not enough well's online for Refinery / Pipeline Fill

3) H2 not producing ....possible

4) Gobi not producing ....again possible

5) Petro China haven't signed 2026 sales agreement .....Likely but they have signed MOU with us and Mongolian Gov

Best Case

1) Farm out agreed and signed we remain as Operator and 51% ownership enough to drill 10 well's in readiness for pipeline fill and refinery start up

2) No additional fund's req'd in a good position regarding current prices

3) H2 starts producing end May / June

4) Gobi starts producing in June / July ( Re Rate Huge Potential in ground )

5) PC signed agreement and want in on our additional license for Block VII plenty of spare equipment for free

Any day we expect a RN's would appreciate your thought's if iv'e missed anything

1) No Farm Out ....Unlikely 3 interested Parties with one at the Finish Line

2) Raise to go it alone ....Drill additional well's Gazelle / Heron ...Unlikely IMHO not enough well's online for Refinery / Pipeline Fill

3) H2 not producing ....possible

4) Gobi not producing ....again possible

5) Petro China haven't signed 2026 sales agreement .....Likely but they have signed MOU with us and Mongolian Gov

Best Case

1) Farm out agreed and signed we remain as Operator and 51% ownership enough to drill 10 well's in readiness for pipeline fill and refinery start up

2) No additional fund's req'd in a good position regarding current prices

3) H2 starts producing end May / June

4) Gobi starts producing in June / July ( Re Rate Huge Potential in ground )

5) PC signed agreement and want in on our additional license for Block VII plenty of spare equipment for free

Https://montsame.mn/en/read/399108

Https://mongolia.gov.mn/news/view/27588?fbclid=IwY2xjawRyq19leHRuA2FlbQIxMABicmlkETBwbmFMQzN0SHEyNXk2MG1Dc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHmyVwDm3HO4QwGFyzBtVlCmZIZ_jDw8iwolfhcSLMV3DXSJQLN2KhZwrBEI-_aem_TdeYr6Zi41P4qeaDvtBhTg

Last 5 Year's Update prior to AGM ....last Email Apr 6th stating :

We understand the frustration shareholders may feel on details regarding farm-out discussions, however ensuring these are confidential is both best practice and protects the Company’s negotiating position.

We look forward to updating you and the market in due course.

Not long now for update no news good news getting on with it !

Dan_LSE really appreciate your excellent research !!

The Cabinet today adopted two decisions to accelerate development of the oil refinery project:

A resolution was approved to speed up project implementation.

A draft law will be urgently submitted to Parliament to ensure uninterrupted financing for the oil refinery and Erdeneburen hydropower projects