Member Info for Jimithebrush

Well that certainly wasn't the RNS I was waiting for. GLA

iamrich, let's hope it's the right kind of RNS, one of the previous ones I thought was a bit of a bombshell. IMO we are in such a better position now than ever, I will be waiting for the little red dot notification 7am every trading day until it does arrive. GLA

Just curious why a 1m buy people seem to get giddy over and yet a 1M sell doesn't seem to get a mention at all, I know for every buyer there's a seller and someone is dumping quite a few lately which I don't get, as news is due on many fronts why sell so cheap? anyway may the upward trend continue :-)) GLA

No worries, it's good to be in the blue again long may it continue :-))

Someone has a lot of shares they getting rid of, ie 250k chunks at a time could it be our undisclosed blue chip people maybe and they unknown (buy or sell) curious. GLA

Mongolia's oil sector's goal until 2024 is to increase investment in the sector and sign production sharing agreements in five areas. Reserves will also be identified in Galba XI and Matad- XX . As for oil production, it is planned to increase production and put into operation Galba XI and Matad- XX fields. According to the plan, the supply of oil products will be maintained, and an oil refinery will be built and put into operation.

On December 24, 2021, 4,000 tons of inventory required for non-industrial construction (EPC-1) arrived at the port of Tianjin, China, and the cargo was fully unloaded at the port site. Currently, the cargo is being transported to Erlian port. The tender for the selection of the general contractor for the work on unlicensed technological facilities (EPC-2) was received on December 30, 2021 and evaluation work has started.

A tender for a company to finance the oil pipeline project, engineering, procurement and construction work was received on October 23, 2021, and a draft agreement is being developed to establish a contract with the winning company.

Don't quote me but I would imagine the Mongolian government would not want that to happen. GLA

Mongolia's largest infrastructure exhibition "Bauma" "Build Mongolia 2022" will be held in April-

Build Mongolia 2022 International Construction, Mining and Infrastructure Exhibition will be held on April 22-24 at the Buyant-Ukhaa Sports Palace in Ulaanbaatar.

The exhibition will present new solutions and advanced equipment and techniques in the field of infrastructure around the world. More than 100 foreign and domestic companies will present the best construction technology in the exhibition. In addition, there will be a public policy discussion on the current issues of each sector, as well as presentations by companies in the construction, mining, energy and transportation sectors, in order to provide full information to Mongolian investors, suppliers and other visitors. It is also the most important way for the key construction sectors, such as roads, energy, mining and construction, to participate, expand their communications and cooperation, and expand their businesses.

The general sponsor of the “Build Mongolia” event, the largest technology exhibition in Mongolia's construction, mining and infrastructure sectors, is Batseer LLC, a Mongolian partner of the leading Russian heavy machinery companies Kamaz and Ural. Currently, the exhibition area is 70% full. GLA

6.5 mil barrels divided by 52wks = 125000 divided by 7 days = 17857 barrels a day divided by 500 = 35.7, anyone think it's possible for PM to get anywhere near 35 wells running that would equate to around 533 mil dollars per year less overheads and stuff, obviously not all wells will produce 500 barrels a day that's just a rough guess
but I think this share is well worth hanging on to for a while longer yet. GLA

Mongolia exported a total of 6.5 million barrels of crude oil in 2019, the country's Ministry of Mining and Heavy Industry said Tuesday. ... The country earned 366.7 million U.S. dollars from the crude oil exports last year," the ministry said in a statement. China is the biggest buyer, it added.

If I remember correctly when Heron got suspended it cost 12000 dollars a day for standby costs. When RNSd it amounted to 150k so I think rent them won't really know until rig contract's are announced. GLA

201 mil barrels, the whole raptor trend 400 mil barrels worth the wait. GLA

Waiting for velociraptor, then I will decide to stick or twist :-)) GLA

= Bonum in another life perhaps, anyway it's not a problem your posts are a delight to read :-)) have a good holiday everyone and have a prosperous 2022. GLA

Wildcat drilling cannot go unmentioned I'm afraid, with the amount of hydrocarbons available on a successful outcome will make one hell of a game changer to Matd's future, that and the license runs out soon, Shallow and only a couple of million to drill plus I've been waiting for quite a few years for this to happen. It is the reason I invested in this company in the 1st place. GLA

The Velociraptor hasn't been forgotten about, that's a reason for me to stick around a bit longer. GLA

Is it not something to do with how each react to the difference in the temperature, gas will flow better than oil in extra colder temperatures plus maybe Jade have winterized rigs either way I see your point but I'm just guessing as I'm not an expert in this business. GLA

I know I don't bring much to the table but "Is this the new comedy channel" ;-) Have a good weekend and GLA.

Does anyone actually know where the CEO is? obviously that'll be a no, all speculation again. Details of plans for future production and exploration will arrive, when? I don't know but very much looking forward to it. GLA