Member Info for Jimithebrush

Was it not stated up to the end of the first quarter, but would be happy if it was more or less straight away (laughed at and not kicked out)?? I don't recollect any time frame set in stone for the granting of the exploitation license. But the sooner the better I would have thought. GLA

Interesting to know which one of the big boys they are targeting to bring in, if they do? Just listened to the presentation again, all sounds very positive to me, so expecting news soon especially for the exploitation license, which I believe will certainly get things moving along nicely, just hope the Mongolian government don't drag there heals to much. To be producing mid 2020 :-)) and hopefully Heron 2,3,and 4 onstream too, what's not to like, GLTA.

Does Mrs Mike Buck have any words of wisdom that could be passed on from her hubby :-)) I feel any news due when it does eventually drop in will give one or two of us the belly flutters, starting to get the old anticipation feelings back again. GLA

I believe news is imminent. GLA

Probably over indulged over the holidays and need some pocket money :-)) GLA

Our buy high, sell low trader may have popped back, 49921 bought at 4p to then sells at 3.70p, sorry just an observation. Have a great Hogmanay and a prosperous new year to you all. GLA

I think we all understand your frustrations Manro the bigger picture tells me that we just need to be a bit more patient, another couple of months and I'm sure we will all be in a better place, I for one am really looking forward to the journey ahead, and a very prosperous one at that. Hang in there buddy I'm sure we will all be rewarded eventually. GLTA.

It does appear that things are going in the right direction. I feel the anticipation will start to build again very soon, and we can hopefully say goodbye to these ridiculously low SP prices. GLA.

Charlatans this way???? GLA

Trading half day today, have a good holiday everyone and hopefully this is the start of our most anticipated journey of a new producing oil company in Mongolia. GLA

Looks like a nice Christmas present, I wonder if any news will drop by way of an RNS and deliver a nice surprise for us shareholders?

Roughly around 240000 square metres if each delegate has 3 Hector's of land, so you could be right with your thinking Mr P, how much land is needed per well? All sounds very promising. GLA

All in good time I'm sure we all will be rewarded too. GLA

This won't put much faith in companies looking to invest in Mongolia "if" there's anything wrong, simonpartridge1 you are correct let's see if an RNS arrives, if this incident happened in November then I think PM would have had to say so at the time, let's see what tomorrow brings. GLA

Or 6.31 am Thursday morning, hope this helps. GLA

There's a post on one of Thursdays threads at 9.51am could possibly be the link to that. GLA

From RNS,
Gazelle-1 Results

RNS Number : 1423Q
Petro Matad Limited
17 October 2019

Results of drilling/logging of Gazelle-1



Petro Matad Limited, the AIM quoted Mongolian oil explorer, announces the results of drilling and logging operations at the Gazelle-1 well in the north of Block XX, eastern Mongolia and also provides an operational update.



Gazelle-1



The Gazelle-1 well has been drilled with the DQE Rig 40105 to a total depth of 2550 metres and wireline logging has been completed. The Lower Tsagaantsav reservoir objective was encountered at 2280 metres, 20 metres deeper than the pre-drill prognosis. The interval penetrated was shale dominated and no hydrocarbon pay was identified on the logs. In the Upper Tsagaantsav reservoir objective, good wet gas shows were recorded throughout a predominantly shale prone section. 3 metres of net oil pay in good quality sandstone have been defined on the logs.



Casing is now being run on Gazelle-1 and the well will be suspended pending further evaluation.



The Company's pre-drill interpretation of this area highlighted the possibility for a 'pinch-out' of the Lower and Upper Tsagaantsav sands, which could set up potentially material stratigraphic traps in the southern extension of the Tamsag Basin. The Gazelle-1 information will help better define these traps and their potential size within Block XX. Not a write off yet, Heron 1 will be the focus for 2020, +2,+3 and 4, and let's also remember the Raptors too. Plenty of things to look forward to. GLA

Gazelle has not been classed as a duster, Petro Matad have announced two discoveries, lots of news to come in the next few months, company have 3mil in the bank to keep things moving forward until the all important news lands, patience people. GLA

Oh I'm sorry, and where did I state it was a misfortune being invested in Petro Matad,

Captain my Captain, as a character trait resilience is a person's mental ability to recover quickly from misfortune, Petro Matad's situation at the moment is only temporary, we have found oil, this is only the start of what I believe will be a very successful company. How we get there we can only speculate at the moment. Resilient people develop a mental capacity that allows them to adapt with ease during adversity. Adversity is a fact of life. Resilience is that ineffable quality that allows some people to be knocked down by life and come back at least as strong as before. Rather than letting difficulties or failure overcome them and drain there resolve they find a way to rise from the ashes. GLTA.