Member Info for master82

Day traders filling this board. LTH better stand on the side till this show is over.

Once oil is pumped it will be historical moment.

800bpd was the results.

From now on this should be self sufficient.

Renewables is safer and predictable investments.

Research where block 20 is.

IMO this will be back to 7p. At least. 10p was expected before dilution.

Board is now full of day traders. Suddenly experts.

Do not panic. I've been here few times now. This is my 4 th raise. It will move up. Exactly the same thing happened last year. So shot up to 6.2p and then dropped and then boom a 2.5p raise.

Within few months it was 7.2p without any approvals.

That's when I met Doc. When I released the LP news..

Cyber DQE are a drilling contractor. They will be working for PM but not partnering.

Why have a 9 m raise if DQE is partnering. What are they bringing to the table.

MB likes to hide things from his PI.

2 and a half months. That was without any permits . So I expect 10p. Soon

I can see this trading around 2.5/3p tomorrow..

Same thing happened last year was trending around 6p then a raise at2.5p and it hit high of 7.20p .

DQE deal not happening is a good news too..

We shouldn't be raising if DQE deal is still on the table.

If 9 m is raised then looks like no DQE deal.

Heron 1 is paid for. Only workover to pay for max 500k

Heron 2 = 2m

Gobi 1 = 2m

Expenses = 500k

Total 5m

Remaining 4m for new blocks plus renewables.

What is DQE forking out.

Maybe mrpam not allowing the Partnership

I bet the PC agreements are signed but not released.

MB is not only useless he is a liar too.

I was right all along. He deliberately kept Downplaying the RNS. Did I not say he had an agenda.

He didn't show any enthusiasm

Fkr needs to go. He is the reason why we are in this situation with the LP. He is not to be trusted

Mms clearly manipulated this to get day traders out.

SP was 5.2p few weeks back. We are closer to the Production yet the SP is down by 20%+.

Clever folks will hold this till SP is at least 10p.

How long does it take to clean a well ,test and put equipment back together.

IMO 3 weeks max. Anyone have a better idea

PM would have been a producer if it wasn't for the managements mishandling of the LP situation. In the end PM had to give in to the demands of the locals.

Hopefully ducks are lining up.

We just need the offtake agreement with PC and this should fly.

No idea why it has taken MB years to finalise this agreement.

This should have been solved years ago as it had no connection with the LP.

Workforce still at block 19.

Clouds preventing visual of Heron well for few days.

MB needs to get the agreement with PC and DQE done and dusted. He has plenty of time.

Do not take anything in the RNS seriously. MB has a habit of downplaying his own company.

He also mentioned elections will effect the operation. No idea how

Bloomberg Mongolia.

In 2022, Petro Matad expected a loss of 2.9 million USD, the amount of loss has almost doubled.

"Petro Matad", a company listed on the London Stock Exchange, announced in its annual income report that it had a net loss of 5.9 million US dollars after taxes in 2023.  Compared to the company's expected loss of $2.9 million in 2022, this loss almost doubled, which is generally related to the company's increased exploration and appraisal costs. Specifically: exploration and evaluation costs increased from 137,000 US dollars to 2.2 million US dollars during the reporting period.

In terms of operations, the Petro Matad company emphasized in its report that it was able to get the government to approve the registration of oil exploration area XX as a state special purpose zone. However, the slow process of renewing Petro Matad's operating license caused quite a delay, the CEO of the company, Mike Buck, pointed out.

However, since the land use permit necessary for exploration in the XX area was obtained from the local administration last month, preparations are being made to start the drilling of the "Heron 1" well in July.

In terms of new financing, "Petro Matad" company announced that it has issued an additional 215 million ordinary shares in 2023 and collected 6.6 million USD.

They won't buy because they usually award themselves shares .

Folks were doubting when I said the work crew has nothing to do with the election. why did MB even bring election in to his RNS . It's irrelevant.

Has he got an agenda . He is constantly delivering badly worded RNSs.

Did he release the news because the activists posted the work crew in block 19.

Did he realise we are on to him .

the work only started in block 19 few weeks back from the satellite images.

Looks like cleaning and testing on one of the well . I doubt this process will take long.

Next week I think we will see some activities.

Few work cabins and a mobile rig that's all required for heron.

By end of July heron should be up and running.

Furion. I would be very happy with 8p. I think this will be minimum 10p once flow rates are revealed.

Once flow rates are revealed market will know the real potential.

15 wells will be producing very good amount with infustructure in place.

Mms are clearly need to be investigated by FCA as they are deliberately making pis loose money by manipulation..

FCA should be protecting PI from manipulation.

Mms Can take this down to 1p and I will not sell..I will not sell until I have reached my target.