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Why does PM need money at this stage?
What will DQE bring as a partner?
Do they get a free ride and PM pay for the drilling?
Will heron not bring revenue?
No new blocks which is good news, as MB gets carried away and he can concentrate on bringing revenue from block 20.
Plenty of money in the bank for next couple of drills.
This should reach 200m mcap once heron is producing . Even 500barrels a day will be good enough.
15 wells are planned. IMO they will not dilute shareholders and might take a loan which can be paid back in few years.
2m a well. 30m required for 15 wells.
DQE will contribute half if not all, as they are only bringing their rig and no assets.
Prof. You are talking crap as usual. You think you can control the SP by deramping. What part of the RNS do you not get. LP waiting to be signed. Money has exchanged hands.
Locals have given a green light.
the question is Why is the SP on the rise. I was trying to flush the RNS and came clean but the SP is still up. I do not control the market.
Condor man. They have been on Facebook talking about petro matad almost every day since the last RNS.
They are not happy the locals have given a green signal.
The chap behind the computer is the chairman.
These are the co ordinates of the Petro matad permit area.
T. of Suznyh Irudd
Resolution No. 06
2024-1.
12/ GBZTNAmendment / East / Matad 21402001: UU exploitation and mining area
Location of Tepovlti Land per unit area
Name of place
No. CywDistrict
unit area
X-420845 05 Y-5181001.91 X-422161.05 Y-5170526.05
6th team Erdenebadrah
Ordenabadrach
X-422764.41 Y-5100052.35
X-421448.30 Y-5181558.30 X-420845.95 Y-5181031.01
433035.77 Y-5186801.50 X-433009.04 Y-5164400.28
6th team, Erdenebadrah
X433712.64 Y-5184401.46
6th team Erdenebadrah
X-433739.09 Y-5186793.68
X-433035.77 Y-5186801.50
X-434340.81 Y-5180987.71
X-434330.19 Y-5186046.26
6th team, Erdenebadrah
Mata
X-434796 61 Y-5186041.17
6th team Erdenebadrah
X=435237.95 Y-5186684.67
Y-5186977.91
Official letter. Signed by the chairman of matad soum.
EASTERN PROVINCE MATAD SUM CITIZEN'S REPRESENTATIVE MEETING NUMBERS
2024 226.
About making additional changes to the televlege of Sumy land organization for the current year
According to Section 48.1 of Article 48 of the Law on Administrative and Territorial Units of Mongolia, Section 48.1 and Section 20.1.1 and 20.1.2 of Article 20 of the Law on Land, respectively, it is DETERMINED by the Teleelegchids Khural of Sumy Citizens:
1. In accordance with the submission of the Governor of Sumy, the land management plan for 2024 should be approved.
1.1. Citizen. The location of the land to be used by the enterprise,
2. Implementation of Sumy's 2024 televlege of land management
to organize the work and to report the fulfillment to the meeting of representatives of the citizens of Sumy, the Governor of Sumy /D. Assignment to Battulga/...
CHAIRMAN 7 B GANBAT
Here is a clue.
T. of Suznyh Irudd
Resolution No. 06
2024-1.
12/ GBZTNAmendment / East / Matad 21402001: UU exploitation and mining area
Location of Tepovlti Land per unit area
Name of place
No. CywDistrict
unit area
X-420845 05 Y-5181001.91 X-422161.05 Y-5170526.05
6th team Erdenebadrah
Ordenabadrach
X-422764.41 Y-5100052.35
X-421448.30 Y-5181558.30 X-420845.95 Y-5181031.01
433035.77 Y-5186801.50 X-433009.04 Y-5164400.28
6th team, Erdenebadrah
X433712.64 Y-5184401.46
6th team Erdenebadrah
X-433739.09 Y-5186793.68
X-433035.77 Y-5186801.50
X-434340.81 Y-5180987.71
X-434330.19 Y-5186046.26
6th team, Erdenebadrah
Mata
X-434796 61 Y-5186041.17
6th team Erdenebadrah
X=435237.95 Y-5186684.67
Y-5186977.91
COOPERATION WITH MONGOLIA AND THE UNITED STATES ON EXPLORATION, EXTRACTION AND PROCESSING OF IMPORTANT MINERALS
The Minister of Mining and Heavy Industry J. Ganbaatar received Mrs. Nusrat Ghani, Member of the Parliament of the United Kingdom, Minister of State for Industry and Economic Security of the Ministry of Business and Trade, and Minister of State for Investment Security of the Government Secretariat last year. , exchanged opinions on expanding cooperation in the fields of geology, mining, and processing industry of the two countries, and providing assistance in the introduction of new technologies to Mongolia in this direction.
In this context, during the "Mineral Processing and Circular Economy" business forum organized in London, Mrs. Nusrat Ghani received and met the representatives led by the Deputy Minister of Mining and Heavy Industry B. Uyanga, and the parties cooperated in the fields of geology, mining, and oil of the two countries. It was agreed to create a Working Group to create a working memorandum.
In this way, it will be possible to implement joint projects and conduct research in the field of exploration, extraction, enrichment and processing of rare earth elements and important minerals.