Member Info for Jimithebrush

Hopefully all goes well with the easing of the restrictions starting today and the Mongolian Mining Expo will be a success. Still hopeful that PM may just get the EL soon, would be a good promotional opportunity for both the Govt and PM for it to be awarded at the event. 12th to the 14th May could be a very interesting week :-)) GLA

I think until all known unknowns and all unknown unknowns are known then yes the market will finally decide what price we will be (and it's going to be a lot higher than where we're at this moment in time) when EL is finally signed off. Also wondering if the Mongolian Oil Expo is still going ahead? Not found any information to say it isn't. GLA

https://www.statista.com/statistics/294616/proved-us-oil-reserves-by-leading-gas-and-oil-companies/ are your statistics correct, happy to be put right. GLA

Potential is still huge which ever way you look at it and I'm sure reserves and resources will be established once everything is sorted with Heron 1,2,3 and more are up and running and then PM can and will set out there detailed work plan of action. Going forward, I'm looking forward to a future with an exploration and producing company and willing to wait, onwards and upwards. GLA

Velociraptor Prospect - Block V Anticlinal closure over thick depocentre
? Source intervals in Snow Leopard 1 thicken to south. Short vertical migration pathways into Raptor Trend
? Shallow, good quality, sandstone reservoirs seen in Snow Leopard 1 likely sourced from basin bounding
fault scarp to the south. Raptor Trend well located for thick reservoir units
? Requires only a shallow well to test large closure at Velociraptor with 201 MMbo potential and upside on
Raptor Trend (~400 MMbo)
? Potential to drill as part of two/three well programme. Targeting individual well costs under $2MM
Velociraptor Prospect - Block V
TD c. 1500m m TVD
Oil in mud
Reservoir rocks
Mean P90 P50 P10
201 112 185 312
Prospective Resource Estimate in MMbo
? All resource numbers quoted are based on Company’s internal estimates
Phoenix and Fox Prospects
Shallow Fox
10-40 MMbo
? Oil in TSC-1 core hole proved a working petroleum system in Tugrug Basin
? 3D seismic reinterpretation has defined new prospectivity in addition to the large, basin centre Fox
prospect (200MMbo mean recoverable prospective resource potential)
? Shallow four-way closure over Fox has 10-40MMbo potential and extent of closure conforms with
surface hydrocarbon seeps detected
? Phoenix prospect has 4 target horizons in a fault bounded structure with 230MMbo potential. Phoenix
West has additional potential of 130MMbo
? Shallow (< 1500m) wells can test Shallow Fox and Phoenix. Targeting well costs under $2MM

I imagine you won't be able to get through all the posts at the end of the working day once EL does land. I'm just going to chill the buzz now and watch the proceedings, as always good luck all :-))

You won't see five pence a share for much longer :-)) GLA

Debt no Equity. I like the sound of that and that's just for starters. I like your thinking D1nger I'm still looking forward to the Raptors and has always been my plan. GLA

Good reminder most appreciated. It's certainly getting the juices flowing. GLA

I would just like to reiterate BLOCK IV has been relinquished as has been stated by PM. They are going to concentrate on BLOCK V more as there's more potential there, Velocirator, Phoenix and Fox. GLA

https://youtu.be/M--ZStYBlT0 GLA

0.088 up just over 12% so far that's up 65% in the last few days so looking good. GLA.

On top of the gainers board yesterday that should stand us in good stead , just the publicity we need. Certainly makes it feel like this sleeping giant has finally awoken. GLA

Following post well studies on Wild Horse 1 and recognising the short time remaining on the Block IV PSC without any clearly defined, high-graded drillable targets, the Company has proposed to the Government to relinquish the Block with a view to potential partnering and relicencing of its more prospective areas in the future.
Don't have to worry about Block 1V. GLA

MrDexter, The way I see it, PetroChina have been very helpful in that they gave us plenty of information regarding the area of PM's discovery, letting us use their infrastructure once oil is brought to surface and are willing to let us use there drillers as they can do it a lot cheaper, something like 1 mil per well. I also believe that once the refinery is up and running oil from there section will also go to the Mongolian refinery. All looking very promising. GLA

No

Up over 30% in the last two days so bodes well I would say :-)) GLA

Ahhhh, it's time to relax and you know what that means. A good glass of wine, your favourite easy chair and your favourite compact disc playing on your home stereo. So go on , indulge yourself. That's right, kick of your shoes, put your feet up, lean back and just enjoy the melodies, after all music soothes even the most savage beasts. Just looking forward to the developments here now. GLA

No difficulty in buying yet. Certainly looking good, hope there's no sell off end of the day. GLA

If it's not one thing it's another, at least some meetings can still be done virtually, was a nice thought while it lasted, cheers. GLA