Member Info for Jimithebrush

https://www.mongolianminingjournal.com/a/72804

Found this earlier, will it cost the company $15 a barrel to extract doesn't seem a lot? https://geonet.mris.mn/geonetwork/srv/eng/catalog.search#/metadata/a5f26f7f-f343-4289-aa27-a000bcde7173 GLA

Vikinglass I second that, my 13 year old granddaughter has more class. GLA genuine holders

Mr p for you https://youtu.be/K6nGfqP2KN0

Mr positive maybe try youtube.com/c/MNBWORLD or there is twitter or Instagram which I'm not signed up to hope this helps

https://fb.watch/k2LSEjzAOp/

Guys and girls I'm reposting this as I believe it may have been missed with all the noise going on here of late, I think Mr Malone is making an indirect statement about PM,'s situation, listen from about 7 mins in, it's an interview he gave middle of January httpss://fb.watch/k2LSEjzAOp/ GLA

THE French word mousquetaire originally referred to an infantryman with a musket. Over time, the word changed its meaning, lost the connection with the weapon, and referred to a much grander person. A mousquetaire was a gentleman in one of the two companies of the royal household cavalry in pre-revolutionary France. Anyway history lesson over and another day closer to V1 spud ;+)) GLA

Found this interview which I find very interesting https://fb.watch/k2LSEjzAOp/

https://www.mongolianminingjournal.com/a/72789

While we wait for the new revised laws. 1.6 Fees, expenses and product sharing
The Petroleum Law sets out the different fees for petroleum exploration and extraction. These include:
Licence fee
Exploration licence:
• US$ 3 per square kilometre for initial term; and
• US$ 8 per square kilometre for any extension period
Extraction licence:
• US$ 100 per square kilometre for initial term; and
• US$ 200 per square kilometre for any extension period
• both fees payable annually;
• fines if fees not paid on time
Royalty fee
Oil and gas:
• 5 - 15 percent of extracted crude oil and gas
Unconventional oil:
• 5 – 10 percent [of extracted unconventional oil]2
Recovery cost and cost oil
• the recovery cost will be the cost oil in the amount approved by the state audit and
agreed under the production sharing agreement;
• the cost oil will be up to 40 per cent of the total oil after deducting the oil used to pay
the royalty fee; and
• the applicable amount of cost oil for unconventional oil will be determined by a specific
regulation
Product Sharing
• profit oil will be shared in accordance with the terms of the production sharing
agreement, this from the 2014 revised Mongolian petroleum law. GLA

For info only. https://www.mongolianminingjournal.com/a/72328

The progress of the oil refinery construction project and the contract signed with the contractor to finance and build the oil pipeline project were presented. The Minister of Mines, Mines and Heavy Industry has been instructed to carry out an engineering geological survey along the route of the oil pipeline, and to develop detailed drawings and projects for the pipeline. The Ministry of Media and Public Relations of the Government has instructed the relevant ministers to study and present the issue of funding required for the training of specialized engineers and technical workers to work in oil refineries.

https://www.mongolianminingjournal.com/a/72786

And yes I have posted that article before, :+)) it is just a reminder of other operating companies in country. I recollect someone asking the question,I think it's still worth another read. GLA

Something light to read https://www.mongolianminingjournal.com/a/55785

Tuesday, 18 April 2023
On April 17, 2023, Ch. Khurelbaatar, Deputy
COMMENTY COUNCIL DEVELOPMENT
on governance and financing
Prime Minister and
Development of Mongolia, gave a speech
at the General Review of the United Nations
Economic Meeting being held in New York.
In his speech, Deputy Prime Minister and Minister of Economy and
Development Ch. Khurelbaatar emphasized
the importance of discussing the
issue of a time when the world is paying attention to the implementation
of the Sustainable Development 20:30
Program. He introduced some of the measures being implemented
within the framework of ensuring the national level For example, he introduced the implementation
of the "New Revival Policy aimed at restoring economic growth and
solving problems that hinder process. shared experience.
He also pointed out that working to the Integrated National System for Sustainable Development (INFFS) will help to solve the challenges and problems encountered during the implementation and financing of development policies, increase
the efficiency of financing, and accelerate the process of achieving the goals of sustainable development and national development priorities SECRETARY-GENERAL financing
The Deputy Prime Minister mentioned that development is a complex process that requires partnership and cooperation from all sides, including the government, the private sector, international organizations, and civil society. He expressed his belief that it will contribute to the development and strengthening of a stable economy that provides participation
The United Nations Economic and Social Council Conference on Financing for Development will be held in New York from April 17 to 20, 2023.

Master great work. Not counting my chickens yet. When it's announced officially then we can celebrate. But on another note one more day closer to the V1 spudding. GLA

Maybe a slight indication as to when we might get a possible spud date for V1 https://www.google.com/url?rct=j&sa=t&url=https://finance.yahoo.com/news/talon-energy-ltd-partner-spuds-200000923.html&ct=ga&cd=CAEYAioUMTIxOTQyOTc5NjE2OTY3MDE4NDAyGjU1MWFjMjUxYjE2YzAyMWQ6Y29tOmVuOlVT&usg=AOvVaw2yCKZ3HXdP_6E5eSAfpDnm

Some more light reading while we wait https://www.mongolianminingjournal.com/a/72674