Member Info for ManxKippers

Hamm - I can only imagine that with changing oil prices and outlook in the short to medium term, that risk versus reward changes too and the possibilities of funding also change.

Pure speculation on my part. But I think the possibilities should be greater with more options right now, versus 6 months ago.

We will soon find out!

Good to see activity.

Hamm does have a point. Quite possible no Farm Out deal has been signed and it has failed.

Equally.......

Perhaps the deal has been agreed but not signed off yet so work is happening in good faith having been signed off between MATD and partner but due to it not being signed off by officials (Either in Mongolia or in China or both...!!??!!), it hasn't been announced yet.

We will see. But regardless, we should have new wells, more production, possibly enough critical mass to borrow and go it alone or a sudden roll out with the new arrangement for the Farm Out.

I don't see any option as a bad option here.

Reports published in the national press that the price of crude should start to rise quite strongky within the next week or two. The traders are felt to have totally underestimated the impact and evaluate the damage to wells and refineries properly.

Crude due to rise to $130 plus in days and gently rise from there, in their opinion.

We will see....

Agree again, SP.

What is also a little interesting here is that the AGM date is set for May 28th. Not the required 3 week notice period......

This allows a window between the announcement and next Friday to present any kind of deal with a special resolution and voting forms to be acted on by shareholders.

Anything could be tabled here and something big could land. We will have to wait and see.....

Agree with your general overview SP. However....with the AGM date now set, without any news or operational update, MATD sp will struggle to move much.

If there fails to be a material step change, through the much mentioned expected Farm Out deal, or MATD taking the leap to drill, baby drill themselves, or a sale, I can't see that this will move upwards very quickly.

If the board continue with a 2 or 3 drill sites for this season, the sp will flat line.

As I stated before, the company have a very strong hand. Can they play their cards right and win big with what they have?

Our hand seems to have all royal cards and aces.

MB needs to make a sprint and get on with drilling one way or the other, Farm Out or go it alone.

The only other possibility is to sell for lots of money.

One of three ways. But we need to know our direction and destiny now.

There isn't a wrong answer here. The only costly part is indecision and not knowing, IMO.

Agree, Senator.

The question is whether the proposal has materialised into a deal or no deal?

Is it still live? Are we on the runway or still stuck in the hanger?

No Doc. He hasn't. But he did say they were discussing where to hold it.

London would have been obvious with a good deal secured.

A late AGM call in Mongolia has me slightly worried here...deal or no deal????

That is a bit obvious BP.

The worry now is whether there is news or not re the Farmout.....!?!

Clearly this has been pushed back as long as possible, but with a limited time runway before having to call the AGM, has MB managed to land his giant cargo plane with life changing company news, or not??

Interesting it is in Mongolua and not London as hoped.

Lets see what's in this box......hopefully a magnificent present!

I agree. I am genuinely surprised we don't have the big one landed yet.

To me this is either China dragging it's feet as shown with PC's slowness in sorting out the payments for the oil before and the time it took them to sign a simple contract due to their need for clearance from higher up the chain.

Or....

There is stronger competition for the Farm Out deal and there are last minute armwrestles happening between who wins the deal with MATD and bettering the deal for us all, or even a solid buy out for a few hundred million!

I am curious of the reports about hightened early activity around Gobi, and wonder what and why this is happening so soon. Hopefully this is not as a rushed back up plan for a failed Farm Out deal to urgently post positive news and bring this on line to increase revenues now whilst the market is buoyant for crude. But if this helps the deals then great. If this comes online very quickly and revenue climbs strongly then this is all a bonus.

We will see soon enough.....but the AGM needs to be called sooner or later and time is running out...!!

Exactly right Hamm, sadly.

Yet when the news drops they will mostly be whooping with joy, patting eachother on the back and having high fives all round.

This will come to pass soon enough. Just enjoy the popcorn whilst watching the story unfold!

Ridiculously exciting.....

How big is this news going to be..

As mentioned in a previous post of a few weeks ago, I hope that Sunsteppe and Mongolia are safe and assured with their foreign investments from the middle East for renewable energy.

I see that Saudi Arabia has anno7nced they are cutting their foreign investment budget today, due to the Iran troubles.

Charity starts at home. This could seriously affect Mongolias renewable energy strategy and roll out. Something to ask MB about at the AGM for sure!!!

A random thought here Hamm.

Could ot be that MB is desperate for good news and is wanting something solid on Gobi to drop for an AGM announcement because the deal with the Farm Out partner, probably because they are Chinese, is taking forever?

A back up position that could be presented well for the company or add to a bigger RNS by being the cherry on the cake...??

Straights back open by Iran.

Perhaps Trumps "close to a deal" is happening, crude oil going down in price, those noy in the know re MATD pulling out of oil stocks, perhaps...

No matter. As stated, when the red dot comes.....

It seems to be clear that the AGM announcement is being slightly delayed due to a desire to have this linked to a "news" event, which is just finishing off in the oven.

Lets hope this "news" event is perfectly cooked and comes in on time to achieve the goal of a good announcement with signed contracts coupled to the AGM announcement. With the AGM announcement requiring to be made within a time window, should the "news" event become uncoupled to the AGM, I think the market will have a little wobble and a small shallow dip on sp.

Any day now.........is it?

Sadly not looking like an RNS forst off today. May be later but maybe in the next days or weeks....who knows!

They said they were discussing where to hold it. Not stating the UK, but if not Mongolia then it would seem that the UK would be the best and obvious place....!

We will see.