Member Info for gadgie

where do you see this finishing today buddy ?

Frustrated is an understatement come on man have you funding ? Have you obtained the license ?

do you have a link please

Must admit getting twitchy ... lockdown again Mongolia till 6th Jan Most parts ....have we secured funding ? need news ASAP

Good read perhaps they will invest in us ?

https://www.miragenews.com/infrastructure-for-connectivity-and-economic-diversification-in-mongolia-report/

Gonching Ganbold: One part of our relationship is developing. Oil refinery is one of the big projects between our 2 governments. Mongolia exports crude oil, imports petroleum products which we spent a lot of foreign exchange. The refinery will help save foreign exchange and build up indigenous production of oil, new jobs and I believe will create a new wave of industrialization in Mongolia. Govt of India and Mongolia had done a large number of surveys, where the soft loan will be utilized efficient way, then we came to a conclusion on oil refinery. We have announced the tenders and project also started and engineers India ltd became a leading player in the project and then sub-contractors were selected. Construction work going on in full swing, Mongolian govt also built up railways, 27KM, and high power electricity grid, 22KM and housing construction for 550 employees- workers, not only physical infrastructure. We have started training our engineers in India. This year we had 22 engineers from Mongolia to India, who will work in the refinery and underwent training in the Indian Institute of mines. So, the project is moving ahead on all fronts--physical, intellectual. I find this project will become leverage in expanding our economic exchange.
https://www.wionews.com/india-news/dharma-democracy-development-key-pillars-of-ties-with-india-mongolian-envoy-349689

Well worth the 30 mins viewing IMHO
https://www.youtube.com/watch?v=QVBJVi-6gy4&feature=youtu.be

Hi my post refers to petrovis owning near on 22% ...Matad only updated recently

The Company’s issued share capital consists of 678,105,306 Ordinary Shares of par value USD$0.01. The Company does not hold any Ordinary Shares in Treasury.

In so far as the Company is aware, the percentage of the Company’s issued share capital that is not in public hands is 24.75%.

The Company is aware of the below shareholders who hold 3% or more of the Company’s issued share capital.

As the Company is not incorporated in the UK, the rights of the shareholders may be different from the shareholders in a UK incorporated company.

There are no restrictions on the transfer of AIM Securities.

This page has been last updated on 12 November 2020.
https://www.petromatadgroup.com/investors/capital-structure/

see we are listed as part of Petrovis Group of Companies

https://translate.google.co.uk/translate?sl=auto&tl=en&u=https%3A%2F%2Fpetrovis.mn%2F%23

https://translate.google.com/translate?sl=auto&tl=en&u=http%3A%2F%2Fwww.mmhi.gov.mn%2Fpublic%2Fpage%2Fpageid%2F7
In this sense, the Action Plan of the Government of Mongolia for 2020-2024 will intensify geological and research work funded by the state budget, increase mineral resources, develop a unified national geospatial database, introduce an electronic system, and provide public services quickly. There are three major goals to increase mineral resources by increasing investment in rare earth elements, precious, non-ferrous, ferrous and mixed metals, non-metallic minerals and oil exploration

Scroll down to prime ministers visit then click its item 13 discussed today :

https://translate.google.com/translate?hl=en&sl=mn&u=https://www.mrpam.gov.mn/&prev=search&pto=aue

The Prime Minister of Mongolia U. Today, Khurelsukh got acquainted with the activities of the Minerals and Petroleum Authority.

3. There is an opportunity to open new oil and non-traditional oil fields.

- “Petromatad” LLC's Product Sharing Agreement (PSA) drilled 3 wells in “Matad XX” field in 2019 and found oil in 2 wells, and as of today, we are working to estimate and confirm the reserves of the deposit.

Have emailed PM .... They have ASSAY results to hand surely this is price sensitive and should be released ?

Matad Chairperson :
Ms. Enkhmaa is the CEO of Petrovis Group, Mongolia’s largest fuel supplier. Ms. Enkhmaa has over 21 years of international experience in financing and risk management of mining, infrastructure and energy projects and commodities trading. She serves as Deputy Chair of Board of Directors of Petrovis Group since 2011 and was appointed as the CEO in August 2013. Prior
to joining Petrovis Group,
Non Exec Director :
Ms. Shinezaya is the CEO of Petrovis Venture Capital LLC, one of the first local venture capital funds investing into multiple SME sectors in Mongolia. She was a Vice President of Petrovis LLC from 2010 to 2012 and currently holds a number of board and chair positions in diversified business sectors in Mongolia, including Board Member of Petrovis LLC and Chairperson of UNIGAS LLC, a gas distribution company in Ulaanbaatar. She is a graduate of Northeastern University, Boston, MA.
https://www.petromatadgroup.com/about-us/board-of-directors/

Is Petrovis still our biggest Shareholder ?
Mongolia-focused oil explorer Petro Matad Ltd (AIM: MATD) said it was notified on November 4 that its biggest shareholder Petrovis LLC ? bought a further 12,750,000 Petro Matad shares through the market, and now has an interest in 57,505,002 shares, or a 45.88 percent stake.
https://www.proactiveinvestors.co.uk/companies/news/7759/petro-matad-biggest-shareholder-petrovis-raises-stake-to-4588-pct--9877.html

-Mongolia's proven oil reserves are estimated at 43 million tons. How many years will it supply the plant?

-We have extracted seven or eight million tons of this 43 million tons of usable reserves and exported them to our southern neighbor. If the remaining reserves are fully recovered, the plant will be supplied for 20 years. The government needs to ensure that the Minerals and Petroleum Authority works well with companies that have signed production-sharing agreements. Our country's proven geological oil reserves are 330 million tons. Of the 43 million tons mentioned above, 13 percent will be mined. If we use new technology from a deposit like ours, we can get at least 20 percent of it. So we can get an additional 4-5 percent. This should be discussed with the Chinese mining company from now on. In general, it is necessary to recalculate oil reserves and continue exploration work. There is a probable field.Companies submit their production plans to MRPAM. I want to be well involved in this plan. In other words, it is necessary to carefully consider what methods to increase production, in what years and how to implement them. It is clear that our country will have a processing plant and production will increase. Therefore, a separate oil agency should be established

https://translate.google.com/translate?hl=&sl=mn&tl=en&u=http%3A%2F%2Fwww.mmhi.gov.mn%2Fpublic%2Fmore%2Fid%2F1098&sandbox=1

Interesting Read just released today :
2020-10-12 01:54:00 Distribute to the public Tweet

Mongolia plans to build a 1.5 million tonne per year oil refinery in Altanshiree soum of Dornogovi aimag and put it into operation in 2024. It is estimated that the oil extracted from Toson Uul XIX and Tamsag XXI fields will be processed in equal amounts at the plant and will meet 80-100 percent of the domestic fuel demand (liquefied petroleum gas, AI-95 gasoline, diesel, jet and stove fuel). For example, it will produce Euro-5 fuel. We spoke with Dr. Ts. Bagmid, Honored Worker of Industry, known as “Petroleum”, who is advising the Mongolian Oil Refinery State Joint Stock Company, which is implementing this project
https://translate.google.com/translate?hl=&sl=mn&tl=en&u=http%3A%2F%2Fwww.mmhi.gov.mn%2Fpublic%2Fmore%2Fid%2F1098&sandbox=1

How long can they hold onto the ASSAY Report all finished being reviewed ?

The Mineral Wealth Council of Mongolia confirmed Chinese firm Daqing Tamsag has proved 199 million tonnes of crude in the Toson Uul XIX oil field in the Tamsag basin in the southeast of the country.

https://www.thefreelibrary.com/China+dominates+exploration+and+purchases+of+Mongolia%27s+promising+oil...-a0284324049