The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://eguur.mn/279043/
Google translate, a brilliant tool to find information
There is a news that up to 50 top multinational investors are heading to Mongolia in April to explore potential investment opportunities. MATD is definitely one of the best opportunities in country. Given that Rio's interest to expand its position in the flagship copper project, Mongolia is now absolutely the destination for the global giants (perhaps BP, Shell and so on). GLTAH.
Russia busy with Europe will positively affectto potential mongolian oil exporter with Chinese partners. So both Ukraine (and oil rise) and recent RNS are positive sign for MATD. GLTAH.
https://www.youtube.com/watch?v=gBywKYYaSkI
Seberia Power 2 is gonna connect Russia to China via Mongolia but most importantly and interestingly this pipeline will be connected to Russian central pipeline network connected to EU. Russia wont be the only exporter but who knows in the future MATD (sitting on billions of barrel) to supply to EU. Maybe just dreaming but who knows maybe it can mitigate EU dependence on Russian gas shortage in case of their domestic demand in cold winters. Woohoo we are sitting on something big GLTAH. Maybe there is a correlation between nord stream 2 and siberia 2. Fingers crossed for the win win situation and we MATD holders triumph the most and Amen. Slawa Bogu.
There is a news that mongolia opening an embassy in abu dabi UAE. First ever embassy in gulf states. Is the blue chip partners from the gulf area? Who knows. There are increasingly number of investments from kuwait also in country. Fingers crossed and GLtAH
It looks like the border restriction issues mentioned in the july rns getting better. News link copied below.
https://www.montsame.mn/en/read/273468
Rns:
Given the restrictions currently in place in Mongolia to reduce the impacts of the Covid-19 pandemic, including international border restrictions which have delayed the importation of oil drilling equipment and crews, there is insufficient time before the onset of winter for any well completion or drilling activity to take place in Block XX in 2021. However, Mongolia has a highly efficient vaccination programme underway with the expectation that the overall situation and the oil field operating environment will continue to improve. The Company is now focused on preparing for a very active programme in 2022
People can travel to Mongolia, indeed. There are plenty of flights available. No restrictions at all, if you have 2 doses of covid vaccination certificate. That is it.
Seems like quarintine ristrictions will be lifted from next week in Mongolia. Hope and fingers crossed the meeting occurs next week.
Seems like the committee already commenced its work laat week. Question is when to discuss MATD.
https://mrpam.gov.mn/news/1928/
Google translated: The 12th meeting of the Minerals Professional Council to discuss the feasibility study for the development of mineral deposits will begin on November 13, 2020 at 09:00 am in the conference hall of the 1st building of the Mineral Resources and Petroleum Authority.
Sequence of issues
mongolianminingjournal.com/a/71238
link has been removed. The interview is on mongolian mining journal
(http://www.mongolianminingjournal.com/a/71238)
http://www.mongolianminingjournal.com/a/71238
Google translated (interview with Ministry of mining): The construction of the oil refinery is going well. However, Mongolians are concerned about whether there are enough oil reserves to supply the plant with raw materials. 332.4 million tonnes of reserves at the three oil fields (Toson Uul XIX, Tamsag XXI, PSC-97) have not been explored since the Minerals Professional Council received them in 2010. Is the exploration work in progress?
Since the Toson Uul, Tamsag, and Zuunbayan-Tsagaan Els deposits have been identified and registered with the Mongolian Minerals Fund, the contractors have been operating according to the deposit development plan, but due to energy shortages and insufficient technological water use, they have been hired from abroad. Oil production is difficult to meet on schedule due to delays in obtaining work permits for workers and engineers in Mongolia.
Exploration work of “Petro Matad” LLC, which carried out exploration work in Matad-XX area, has been completed in stages. Preparations are under way for the Minerals Professional Council (SPC) to discuss the oil reserves report identified as a result of the exploration work. EBMZ was reorganized with 5 sub-councils and 50% participation of non-governmental organizations. It will be possible to register a certain amount of additional oil reserves in the Mineral Resources Fund for the approval of Petro Matad LLC's resource report for approval by the EBMZ meeting.