Member Info for Jimithebrush

It's a 2 week workover and hopefully equipment needed is on route, drilling of anymore wells may not be until spring next year now but we wait. GLA

The social responsibility contract 2021 2022 has been fulfilled with the Petro China in Matad soum Khalkhol, so maybe we won't have too long to wait for us to get a decision on LP, still roughly 8 weeks till this year's drilling season ends. GLA

Mongolia is 7 hrs ahead of us, could news drop on us tomorrow if it is about the land permits being granted, It will be 2pm their and 7am here. I wonder if the locals are just holding out for a bigger portion of the profits and have come to an agreement, obviously it all depends if what has been posted by activist bears any credence of course. GLA

Gear on site 6p LP granting 20p Heron producing 40p, Velociraptor drilled and producing + more wells on the Heron site £1, + let's not forget PM made two discoveries but most of all we need LP this year, not sure how many days will convene in parliament before year end but hope we are near the top of the agenda GLA

Incidentally, the parliament shall convene on not less than 75 weekdays during a regular session in accordance with an amendment to the Constitution of Mongolia in November 2019. Now, the parliament’s autumn session begins on October 1 and the spring session on March 15.

From the recent RNS, Amendments to the Land Law are due to be debated in the next session of the Mongolian parliament and although this represents the best opportunity for an all-encompassing long-term solution. Autumn sessions in parliament start at the beginning of October wonder were we are on the list if PM are pushing really hard. GLA

This from curiouserandcuriouser post earlier, In addition, within the framework of the "Mongolian Mining Week 2022" event, a "Responsible Mining and Local Area" conference was held to discuss the problems faced by domestic and foreign investors and seek solutions. Petro Matad must have had representatives at these meetings, if not then perhaps that's why it's taking so long, concerns them very much in my opinion and just show's a complete disregard to there way of doing business!?? GLA

There are more buys than sells so carn't be that bad, we got our update just what most of us were asking for so carn't winge on that front just not the news we wanted, oh well just a paper loss at the moment, so next year for any further developments unless we get a surprise RNS. Looks like it's turned out to be another wasted year, we'll be closer to getting Velociraptor drilled and hopefully producing oil. Going to be a long winter. :-((

I'm sure if I had a vested interest in something and was in a position to "pop in and out" during the day of something of significance I'd try elaborate a bit more. This seems way to important for PM, MB, to NOT be there. I'd be breaking my neck. Maybe just maybe we'll get an update once the mining event has finished, one can only hope. GLA

Surely something of this seriousness it would be in MB's and MATD's interest to be present, they are at the forefront of Mongolia's up and coming oil production at some point, as curious mentioned in a previous post maybe they are close to granting of permits and carn't inform the market because of negotiations and deals been done, I hope Heron gets the nod to start. Two week work within the next two and a half MTHS, still time if everything is in place at the Heron site because no one knows for sure yet? GLA

The "Mining Week" event continued on its second day at the Shangri-La Hotel. Today's main session is "Current state of mineral and oil exploration and production", "Investment environment and cooperation in the mineral resources sector", "Who destroyed Mine-golia?", "Mineral resources sector and capital market" Presentations on the topic were presented. Deputy Minister of the UUU O. Batnairamdal presented the current and future of the mineral resources sector, the issuance of special exploration licenses and the legal reforms developed by the ministry. On the other hand, the president of the Ministry of Education and Culture, O., who was given the "task" to present the environment for attracting foreign investment and the state of public-private partnership. Amartuvshin explained what the "investment environment assessment" is like in real life based on his research. He said, "Foreign direct investment has decreased since 2011, when our country, which is directly dependent on the mining industry, stopped issuing new exploration licenses in 2010. In other words, the doors and windows that should allow foreign investment to come in have been closed and locked.Why did foreign investment disappear? "We have been asking each other this question for ten years and we have reached this day" and introduced his speech. 73% or 23.6 billion US dollars of the foreign direct investment that came to our country during the last ten years was made in the field of mining. He said, 0.73 percent or directly related to the growth of our economy and foreign direct investment. However, the government, the local community, and the people were all strict with the mining industry. Following this sector, other sectors such as construction, trade, and transportation will develop. If there is no mining, Mongolia's economy will not exist, said O. Amartuvshin pointed out. However, the Chairman of the Board of the Mongolian Business Council, Ts. Tumentsog, today presented that not only mining, but all businesses are related to climate change.

Mining week "

The " Mining week " event , organized for the first time on the occasion of the 100th anniversary of the development of the mining industry , started today at the Shangri-La Hotel . The conference , which is jointly organized by the Ministry of Mining and Heavy Industry and "Oyu T olgoi" company , lasted for a week from September 19-23, and in addition to state organizations such as the Ministry of Mines, Mining and Metallurgy, and the Ministry of Economy, representatives of the mining industry and investors, a total of three More than a thousand guests will participate.

D. Amarbayasgalan, Minister of Mongolia and Chairman of the Government of Mongolia, opened the " Mining Week " event with a speech. He said, "Government should not make a decision to grant permission with one hand and block it with the other hand." Hoishid emphasized that he will pay attention to this aspect, while J. Ganbaatar, Member of Parliament , Chairman of the Standing Committee on Economy, and Minister of Economic Affairs, J. Ganbaatar said, "The main advantage of a Member of Parliament being the head of the mining industry is that the situation and pressing issues of the industry are brought to the attention of the Parliament. " It is seen as an advantage in that it enables quick presentation and quick decision-making. For me, Parliament -"As the head of the Standing Economic Committee, he knows more about the problems of the industry" and presented the "New Revival Policy " to be followed by the government in the mining sector until 2050 . presented by analyst Damian Brett.

In addition to presenting the trends followed by the world, his speech also presented the great potential of Mongolia's mining industry if it can be used. Also , H. Erdenebulgan, acting head of the Border Port Development and Free Zone Policy Department of the Ministry of Economy and Development, gave a presentation on "Port Policy Planning". "He emphasized in his speech that there is a need to solve the infrastructure based on mineral resources and then develop the port. " Mining week " continues

On the second day of the event, information will be provided about the current state and future trends of mineral and oil exploration and production in our country. This is the topic that investors are most interested in. Within this topic, the Ministry of Economic Development will present the foreign investment support policy in the mineral resources sector, and large mining companies will give presentations and hold discussions. GLA

I'm still very dubious any workover is going to be performed this year but there are still a couple of months to change that but yes very frustrating tho. GLA

It surely wouldn't hurt the company I'm sure to at least inform investors were our money is being spent instead of production quotes and government ministries are on our side where's the equipment? How far up the ladder on LP granting as for bailing out that will happen once Velociraptor gets drilled and not a day sooner as I've said many times I just feel a bit more transparency and governance from them wouldn't go a miss. GLA

Mongolia 110th out of 180 countries for being the most corrupt and hasn't changed in the last 3 years, "ever get the feeling you've been cheated"?? GLA

Nearly 3 years and not a drop of oil, very poor performance to say the least :+(( GLA

Oh well may as well throw this in, Charles Mingus, Track C, Group Dancers, some good sax playing on that anyway GLA

Iamrich, I hope I'm wrong. GLA

Anyone get the feeling that there won't be any production this year? 12 weeks remaining until end of the drilling season, certainly looking like another wasted year. Just be honest Mr Buck and tell us either way what is happening as time stands still for no one. GLA