Member Info for ivans

i am out now with some profit which i bought back recently.

rns clearly stated, subject to funding ie placing!

so, will buy back perhaps sub 2p or even lower.

good luck those still in.

news coming soon for UKOG maybe?

added !

i think we should get another RNS as a replacement RNS later today. which will confirm targeted figures is for weekly!

so we know LEK will need to raise for their stake to cover cost of drilling. how muh LEK needs to raise?

yes, many projects are similar, however, EQT do have patent in EU (see their website). they may not have in the US.

worst case, US represents only a small business to EQT, so we might just drop US from the portolio.

but, to say EQT has no patent whatsoever is a pure lies and pure deramping.

US is only very tiny business for EQT anyway. so expect sp to bounce back up !

now that funding is sorted, EQT should be in favourite again.

i bought back in today/

looks like Doc Holiday and Myles also bought in.

will rise to 1p very soon

i am adding more... i can see some will start buying this over next few weeks. better get in while still around 1p

agree. plus Brandon bought and increased their stake last time. they are just trading this, ie buy some and then sell some and maybe soon buy back some.

anywhere in the world, there will be environmentalist group that will try to delay oil project, even in the UK. so no different in mongolio.

however, i wont worry much as MATD is supported by government and this project will get ahead no matter what.

wish could buy more at this level

yes, i am in EDR too. should do well as well below radar lol.. Wressle coming soon. just hope BOR will rise steadyly and low price so that i can buy more here soon

FOR OIL PLAY, apart from BOR, UJO and RBD will be for this summer. many news due and also Shard just released broker target 0.7p. other brokers also have target higher than that. sp now only 0.2p lol

to me this is a great news. the point are:
- govn and also MATD wants the best and transparent dealing, hence even if we are negotiating with PetroChina, they will have to use intermediary like Envoi. this is to avoid corruption and to proof to the govrnment that all are done in transparent and properly. this image is very important for this large scale of project and also MATD has large mongolian based investors.

- Petrochina can still be interested, but they will have to deal via Envoi as mentioned above.

- MATD wants the best deal. so by using Envoi, we can attract not only Petrochina but also other major companies such as Shell, Exxon etc etc (i just give random name, not saying they are ). Keep in mind, as some mention, Petrochina really wants oil for China, while government wants them to be processed in Mongolia. so, by using Envoi, we can ensure we have wider audience and its being done with low risk of corruption/

- MATD may at the end, have JV partner with not just one, but two companies , hence its better doing via Envoi platform in order to negotiatate the best terms.

all in all, i dont want to read too much into it. but the fact that we are already out there seeking JV, means that licence wont be far away.

good news especially considering our low mcap

farm out already in process despite we not yet have the licence. thats to show how confident MATD to get the licence, its not if but when.

once we get the licence, we will confirm our JV partner very quickly!

http://envoi.co.uk/projects/active-projects/asia/mongolia/

i know. our sp should have been 0.5p by now lol!

it will most likely drift to 0.4p or even lower next week ?

i need to buy more sub 0.1p

rollover or not, its very large ! i am smelling news wont be far off

next news should bring up back to above 5p imho

looks like ticking up... buying coming back

i thought the next news is the placing? they asked for authority to issue more shares recently.

and the last time sp rapidly risen, was followed by placing!