Member Info for gadgie

Great info much appreciated just imagine Gobi coming in and the revised Gazelle resource certainly going to be busy 8 weeks

Someone mentioned Million Barrel's req'd to fill Pipeline and Refinery in readiness for 2028 start up .... How on earth is this going to be done ? Ideas thought's much appreciated

what a krok of ****e

I too have emailed PM with some questions i suggest we all spend 2 mins quick typo to PM let's apply some pressure :

ir@petromatadgroup.com

One of the key top­ics dis­cussed was Mon­go­lia’s plan to increase fuel stor­age capa­city. Accord­ing to B.Enkhtuvshin, the coun­try plans to build fuel and pet­ro­leum product stor­age tanks with a total capa­city of 481,000 tonnes this year.

The coun­cil reviewed the project and issued recom­mend­a­tions on its imple­ment­a­tion.

Offi­cials noted that recent geo­pol­it­ical ten­sions, includ­ing the US-Iran con­flict, have cre­ated uncer­tainty in the global oil mar­ket. The Strait of Hor­muz, loc­ated between Iran and Oman, is one of the most crit­ical routes for global oil trans­port­a­tion, with about 20 per­cent of the world’s oil ship­ments passing through it. Uncer­tainty in the region has already affected global mar­kets. As a res­ult of these devel­op­ments, the price of Brent crude oil has increased by about 30 per­cent, which will dir­ectly affect fuel prices at Mon­go­lia’s bor­ders, B.Enkhtuvshin said.

The Deputy Min­is­ter also con­firmed that Mon­go­lia will rely entirely on Rus­sia for fuel imports this year after China intro­duced restric­tions on export­ing oil products abroad. “This year we will not be able to import pet­ro­leum products from China, as the coun­try has banned exports. There­fore, Mon­go­lia will pur­chase 100 per­cent of its oil products from Rus­sia,” he said.

Refinery require 30,000 BOPD 20 well's producing Ave 400 BOPD = 8000 ......22,000 BOPD short we need to get on it and Quick !

Abzzba ... We must drill a minimum of 10 well's this year during the 7 Month window in readiness for Oil Pipeline and Refinery filling next year ...Going alone just won't cut it IMHO .Mongolia will not allow the Refinery to be stood still waiting for OIL

Discussions with one potential farm-in partner for Block XX are nearing completion and we are pushing to complete negotiations in short order.

we are on the cusp of a Major re-rate

Revised Gazelle Reserves

H1 / H2 workover

Gobi ( Massive if it produces )

Farm Out

Oil Pipeline completed

Storage Facilities being Built

Lot's of pressure regarding Refinery filling daily needs

Sunsteppe

Warming up in Mongolia and into Q2 next week , lot's of News inbound .....Looking really good !!!

Pro …. lol that’s funny the Orange man is a melt

As stated by MB

Discussions with one potential farm-in partner for Block XX are nearing completion and we are pushing to complete negotiations in short order.

we are on the cusp of a Major re-rate

Revised Gazelle Reserves

H1 / H2 workover

Gobi ( Massive if it produces )

Farm Out

Oil Pipeline completed

Storage Facilities being Built

Lot's of pressure regarding Refinery filling daily needs

Sunsteppe

Hi pro just making sure Dqe booked and ready this year

Thank you for your enquiry.

Preparations for the 2026 operational programme are continuing to progress, and we are in discussion with DQE on how they can continue to support us.

We will update the market on specifics regarding our conversations with DQE through the usual regulatory channel

Minister of Industry and Mineral Resources G. Damdinnyam received a delegation led by First Deputy Minister of Trade and Integration of the Republic of Kazakhstan Bizhanova Aizhan Adilovna. The meeting highlighted the anticipation of the state visit of the President of Mongolia U. Khurelsukh to the country in April. At the meeting, the parties discussed cooperation in the exploration and production sector, oil products, and nuclear energy.

Mongolia proposed to enter into a long-term agreement to import oil and oil products and purchase them from the country, and Kazakhstan supported the proposal to cooperate. It also proposed to cooperate in the processing industry, including gold processing. In this context, it was agreed to sign a memorandum of cooperation and work together.

https://mmhi.gov.mn/2026/03/19/%d0%bc%d0%be%d0%bd%d0%b3%d0%be%d0%bb-%d1%83%d0%bb%d1%81-%d0%ba%d0%b0%d0%b7%d0%b0%d1%85%d1%81%d1%82%d0%b0%d0%bd-%d1%83%d0%bb%d1%81%d1%82%d0%b0%d0%b9-%d0%b3%d0%b0%d0%b7%d1%80%d1%8b%d0%bd-%d1%82%d0%be/

Ulaanbaatar, March 18, 2026 /MONTSAME/. Global oil prices are pushing up fuel import costs from Russia and Mongolian drivers could soon feel it at the gas stations.

Minister of Industry and Mineral Resources Damdinnyam Gongor briefed the Cabinet on March 18 on global oil market conditions and Mongolia's fuel supply. He said prices were relatively stable in the first two months of the year, rising about 2.5 percent on average, but have climbed since early March due to military tensions involving the United States, Israel, and Iran. Brent crude peaked at USD 108.23 per barrel on March 8 and stood at USD 102.99 on March 17.

To expand storage capacity, the government has met with the Bank of Mongolia and commercial banks to arrange concessional loans. Authorities plan to commission fuel storage facilities with a total capacity of 150,000 cubic meters before the end of the year, with loan terms still being finalized.

On March 11, the Government decided to submit to Parliament a draft resolution to amend customs tariff rates on imported goods, revising a framework in place since 1999.

https://www.montsame.mn/en/read/393463

Pro you have been on the money !

Filter what a tool no noise

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China banning all exports means Mongolia totally reliant on Russian oil ..... Huge pressure on MATD to get things going IMHO

Yes i remember but this year we need to prove we have a plan and can supply the refinery / pipeline and starting July / Aug just doesn't cut it , one well approx 3 -4 week's to drill and get online so no way Jul -Aug

No chance jul aug we have to drill baby drill