Member Info for Jimithebrush

I think LP and new exploration sites will come in together just not sure how price sensitive the new sites are compared to LP but will wait and see as you say GL

I'd like to think so to master but I personally think it'll be the end of the month possibly beginning Feb as it appears nothing in Mongolia seems to happen fast. GLA

Some more light reading while we wait. GLA
https://landportal.org/book/narratives/2021/mongolia

Maybe their risk factor isn't like some longer term holders. GLA

Maybe end of the month as 1 to 3 month from October. On January 20, 2023, the results of the technical proposals submitted by the enterprises participating in the selection process for the special license for mineral exploration No. SH-64-4 announced by the Minerals and Petroleum Department on December 14, 2022 will be published in the electronic system of acquisition.

Department of Minerals and Petroleum

Money is being spent well I think, was this tender round included in the spends of the cash we have left from the last raise, going to through this out there so here goes, what would be the possibility of a cash raise if the LP is the catalyst for growth? You know, throw in the bad news with the good to soften the blow. I know they say they have enough but do you think the main shareholder may step up again if that was the case?

Just a little something while we wait https://dblaw.mn/mongolia-digitalized-the-minerals-license-tendering-and-issuance-process/

Found this if it helps https://www.tender.gov.mn/news/result/?year=2023&tenderCode=undefined&page=1&perpage=100&sortField=&sortOrder=&get=1

When I click on the three lines top right, a pop up takes me to three more links, licences and spacial areas, and then get stopped there I was just curious cheers, thumbs up emoji :+))

I don't have a computer but can anyone find there way around this link my phone screen isn't big enough to load it all thanx in advance GLA
https://cmcs.mrpam.gov.mn/CMCS#

Hopefully tender results published soon
https://www.tender.gov.mn/en/mineral/results

Within the scope of the selection process approved by Government Resolution No. 243 dated August 8, 2018, within the scope of the special exploration license area, approved by Order No. A/67 dated April 12, 2022 of the Minister of Mining and Heavy Industry, October 28, 2022 According to the "Licensing Selection Procedure" as amended by Order No. A/275 of announced a selection process for licensing. Of these, 50 (64-1, 64-2) plots have been evaluated for price and technical proposals. 25 (64-3) fields are open for bids and evaluation of technical proposals is underway.

Department of Minerals and Petroleum

Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have continued and a contract for a multi-well development drilling programme is in the final stages of discussion. The contract envisages a reduction in drilling costs and deferral of some costs to allow a portion of the drilling expenditure to be settled from future production revenue. The contract still needs to be finalised and agreed with DQE and then with MRPAM, but the cost reductions and payment phasing could significantly improve project cash flows and overall asset value since the largest portion of the Heron development costs are drilling related. MG portion is whatever the PSC agreement is plus royalties. The next operational update RNS I would have thought will elaborate. I anticipate we will know all by end of January "hopefully. GLA

Master82, why would PC be paying someone to halt PMs advancement to production? They have signed a MOU to use there facilities and PC also gave us access to there data, doesn't make sense if that is true?? GLA

Article 21. Issuing the results of the selection process
21.1. The state administrative organization shall evaluate the contractor according to the selection procedure and select the customer who has submitted the most advantageous offer to the government as the winner based on the basic conditions specified in Article 17.3 of this law and inform the participants of the selection process.
21.2. The state administrative body shall negotiate a draft product sharing agreement with the winner of the selection process specified in Article 21.1 of this Law, and in the event of a decision provided in Article 17.5 of this Law, enter into a product sharing agreement in accordance with Article 17.6 of this Law

THE LAW OF THE COUNTRY OF MONGOLIA. Article 20. Acceptance of orders for the exploration area
20.1. The period for accepting orders for the exploration area will be up to 60 days, and the deadline for accepting orders for the exploration area will be announced by the state administration within five days from the date of receiving the first order for the exploration area.
20.2. The order for the exploration area shall be submitted to the state administrative organization in a sealed manner and the following documents shall be attached to it:
20.2.1. documents proving the legal status of the customer;
20.2.2. profile of the customer and his investor;
20.2.3. Surname, first name, position, address, telephone, fax number, e-mail address of the person representing the customer, and proof of authorization;
20.2.4. documents proving the client's technique, equipment and professional skills;
20.2.5. guarantee of funds to be spent on exploration work;
20.2.6. work plan and budget for the exploration period;
20.2.7. receipt of payment of the service fee specified in Article 34.5 of this law;
20.2.8. if the client is a partnership, the role, participation rate and amount of its stakeholders in the exploration and exploitation activities.
20.3. The state administrative organization shall notify the customer in writing within five working days whether the order for the exploration site has been received or not.
20.4. The state administrative center and the state administrative organization will not disclose information about the customer to third parties until the contract is signed

Part 2 of the form with the drawings. REGARDING ACQUISITION OF LAND FOR SPECIAL NEEDS OF THE STATE

According to the official letter dated 01/1990 of the Minister of Mining and Heavy Industry of MU, 21,829 hectares of land for oil exploitation in Matad Suma of Dornod Province has been submitted for special state use.

Land overlap information

- 7,662 hectares overlap with the expansion of Eastern Mongolia, which was acquired for special local needs by Resolution No. 13 of the Provincial Assembly of the Province dated December 5, 2018

- 15 hectares of land owned by 10 citizens for winter and spring

Translated from the form in masters post earlier today.
About support
35.1.13 of Article 35 of the Law on Administrative and Territorial Units of Mongolia and their Management. Clause 35.1.17, Section 48.1 of Article 48. Based on clause 20.1.3 of Article 20 of the Law on Land, and clause 3.9.7 of the Procedures for Acquiring and Releasing Land for Special State Needs, 3.9.7 of the Procedure for Acquiring and Releasing Land for Special State Needs, 20.1.3 of the Law on Land SETTLEMENT by the meeting
1. "Petromatad" LLC located in the territory of Matad Sum, Eastern province218 km2 area of Matad-KK oil field for special use of the state
2. Governor of the province M. Badamsuren should be instructed to submit the proposal to NOT SUPPORT/SUPPORT the issue of taking land for special needs of the state to the Territorial Administrative Organization in charge of Land Affairs.
CHIEF
M. ENHTER
Article 35 of the MUZZNDNTUT Law. Article 35. Citizens' Representatives
full rights
Conference.35.1. 13. discussion and resolution of issues related to the functions of the unit established by this law, approval of relevant procedures 35.1.17. other powers specified in the law. Article 48. Decision of the meeting
48.1. When the Assembly of Citizens' Representatives passes a resolution on a matter discussed, it shall be approved by the majority vote of the delegates, teams and committees who attended the assembly. 20 of the Land Act
Article No. Meeting of Representatives of Provinces, Sums, Capitals and Districts, Government

common powers of the chairman 20.1.3 based on the submission of the Governor of that level, determine the procedure for acquiring land for the special needs of the province and Sum capital, its size, boundaries, and use; 3.9.7 of the Rules. Representatives of the citizens of the province and capital to which the area belongs

Meeting proposal

Adilbish Gunaajavyn

I'm at work still but will get on it later today and come back with what I can translate. GLA

Master it would need to be sent in a link with the article, I tried sending some of the Heron well head vto no avail. What is it your wanting to send perhaps we could help? GLA