Member Info for Jimithebrush

So assuming every drill is successful. If H1 is the sweet spot then maybe not all wells will produce 500 barrels a day, mho I still think 19 wells in 2 years is a very big ask. Near term let's get H1 H2 producing this year and all plans laid out with contracts and permits in hand for the Heron development phase to begin early 2025 and a SP that appreciates with that progress GLA

19 wells in 2 years? 🤔 That seems very ambitious if it's roughly 4mil per well to bring on production. GLA

Anyone who's been here long enough remember the PC tax debacle the protesters kept bringing up, if it took the Mongolian government how long to be paid by Petro China then what chance would PM have even with all the support from them. Cash is king and hopefully we'll know at some point this month Have a good weekend and GLA.

Thing is when will the cash hit the bank account? Without a proper contract how long do PM have to wait for the funds? How much oil needs to be accumulated before payments start? Hopefully the next RNS(s) all will be made apparent. GLA

Paraphrasing, "I don't agree that without H2 being commercial then we'll 'definitely' need another raise. Mike Buck specifically said he wants to avoid this, and I believe him. He is a shareholder after all" Some might find that statement hard to swallow, Twice we were told fully funded till whenever and whoosh mega discounted raises. I'd certainly be sleeping with one eye open camping in a field near him. GLA

Hopefully it's not a FUDDER of a weekend. GLA

If whoever it is selling all them shares can't know something we don't because it's been going on to long. I would've thought if that was the case then surely they'd try get rid of them a lot quicker because they sure have quite a few million(s). Early November passing so will there be a red dot for us tomorrow morning?? GLA 🤞

Maybe they should do another raise at 2p and after a week or two when the price goes up to 7p we can all bail out and buy back in when it sinks back to 2p again. On another note news can't be far off. GLA

Something to browse over with the morning coffee

https://mongolia.gov.mn/news/view/27074

Https://www.mining.com/web/how-one-of-the-tiniest-oil-markets-cost-trafigura-over-1-billion/

Stas it is mentioned in this report from a few days ago, With the expansion of oil extraction and construction activities, the oil refining industry and technology park under construction in Dornogovi province will be supplied with oil, and Mongolia plans to supply 55 percent of its domestic needs. https://www.mongolianminingjournal.com/a/73740

Thor, do we get pease pudding with that sandwich 🥪😋

The new entity Petro Matad Energy Limited was incorporated in May 2023, to allow us to bid for a new blocks in Mongolia’s 2023 Exploration Tender Round. Why? Was an explanation given? They bid for other blocks under Matd 🤔 GLA

I think there are a few reasons we're stuck in this range and the two biggest for me are lack of trust in the board and sentiments rock bottom. There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don't know we don't know and there lies the problem as I see it. GLA

PM getting publicity https://www.mongolianminingjournal.com/a/73740

The lunatic fringe will be here shortly have a great day all. WE ARE NOW A PRODUCER.

🛢️=💰 😊👍Still a few hurdles to get over but Petro Matad are "pleased" to announce we are producing. GLA

Maybe because some might be a little fed up of jam tomorrow and been here more than 5 minutes and just want to see some meat on the bone, don't think it's too much to ask seen as where all here to make money. GLA.

I'd like to see some good quality pictures or even a recording of it on X. Some good PR would go down a treat. Maybe lift people's spirits if just for a fleeting moment. GLA

Well boils and ghouls, Mongolia 7 hours Infront, will the cat be let out the bag again before 7 am? Either way an RNS is due, will it be a big juicy one or a damp squib, Good luck every holder and here's oil in your eye. Petrol MATAD a producer and about bloody time.