Member Info for master82

Exactly what I have been saying. We just have a CEO with very little negotiation skills. Money will buy anything.

He has spent almost 10m on wages. Just doesn't make sense.

It was a pointless exercise going to the cabinet .

MB could've made a deal with the locals. Instead he will pay himself and minions another 2mil in wages.

It's quite because someone has been sleeping on the job. By now this should've been producing oil.

JADE Gas Drilling in November.

"Jade Gas" company plans to start pilot production in 4 wells from November

Jade Gas, a company listed on the Australian Stock Exchange, has announced that it is close to starting the pilot production of the coal bed methane gas project in Umnogov province.

Drilling of the last well of the program, "Red Lake-15", began on August 22. The depth of the well reached 563.9 meters on the fifth of September, and 25 meters thick gas coal was discovered at the depth of 524-551 meters. As a result, the four vertical production wells, "Ulaan Nuur-5", 7, 11, and 15, have met the requirements of the soon-to-be-started pilot production program.

It is highlighted that more gas is expected to be discovered by cross-wells in the future. It is also estimated that the pilot mining program will begin in 3-6 months.

The company has signed a contract with "Major Drilling" for its drilling program. The first well of the cross-production program will be drilled in early November.

Regarding the progress of the project, the CEO of "Jade Gas" emphasized, "We are pleased to confirm that we have discovered additional gas coal in the Red Lake field. This brings us closer to the start of the pilot production program that will begin in November."

The conditions for the start of the construction of the deep processing technological facilities of the plant have been created

"Mongolian Oil Refinery" signed an agreement with the following companies selected as license holders of deep processing Patented technology facilities related to the EPC 04 package works of the Oil Refinery in January-April 2022.

Hydrogen plant (HGU) - Kinetics Technology 🇮🇹 Italy

Sulfur separation unit (SRU) - Axens 🇫🇷France

Gasoline Processing Facility (MS Block) - UOP Honeywell🇺🇸USA

Hydrocracking (HCU) - UOP Honeywell🇺🇸USA

Diesel Hydrotreating (DHDT)- UOP Honeywell🇺🇸USA

Liquefied Petroleum Gas Separation Units (LPGU) - UOP Honeywell🇺🇸USA

Wiesbreaking (VBU) - Shell🇳🇱Netherlands

The above companies completed the design of their respective patented technology facilities in December 2022.

The selection of the company to perform the last package of the factory construction, "Engineering, procurement and construction of the licensed technology facility" (EPC 04 package) has been completed and the conditions have been created to start the work.

At today's meeting of the government, it was decided to start construction of the 3 facilities (Hydrocracking, Hydrogen Plant, Sulfur Separation) that need to be built first, within the loan proceeds.

#land processing plant

#mongolrefinery🇲🇳🇲🇳🇲🇳 🤝 🇮🇳🇮🇳🇮🇳

Energy freedom in the country!

I told you the company has great potential but the CEO is of no potential.

All the gear but no idea come to mind.

I am definitely not a fan of MB. But what can I do. If it was up to me he would've been replaced long time ago.

We are in this mess because of him. Do your research

If the work can be carried out in winter then I can't see this dropping much.

As long as MB has organised PC facilities contract then we are good to go in winter

The activist were stopping PC Trucking operation last winter in January. Go and check her videos on her profile.

Oil production is all year round

Yes. They do.

Listening to the interview MB did in December last year. Looks like only drilling is effected in winter and he was hoping to get Heron well onsream in winter if contractors were available. So as soon as LP is here we are good to go provided we have men to do the job .

It's possible as it's only 2 week workover. Oil production is all year round..

It would be better If it's completed before November.

WoS go to Cameron Highlands. Beautiful place. Beautiful country too.

Pilsbury are you sure work can be carried out in winter.

Barclays. Do not tell people what to do.

It's a chat board for everyone.

Winge if you want pump if you want.

Pass if you don't want to hear the truth..

Wise. Got enough here . There is no way I will buy anymore until I see some progress.

Does it excite you when MB gives an interview. No because he is a slacker who has had no real progress in the past 5 years.

He just doesn't give holders any confidence. We pray that he keeps quite and doesn't open his mouth. Just like this interview nothing new has come to light.

You still don't get it. MB got us into this mess . Not the locals.

Reasons he should go..

No permit from locals hence this messy situation.

Incompetent

Has told too many lies

Bad communication

Cannot face shareholders

Not paying attention to his job .

Situated in a different country even though we have huge problem

No negotiation skills

No JV contracts at any level

No preparation in advance for Oil production

Awarding shares with no achievement

Wasted money on wildcats

Hiding information from shareholders. (Like 2019 Court case and judge threw PM out of heron field)

Clearly a failed CEO who had no clear vision and has no clue in to running a successful company

Wolverine. The locals were made up when the Russian build them a tennis court.

Mb has wasted more than 9 million in wages.

Surely 1 mill and the locals would've been very happy.

It's a poor country 1m goes far away .

Do you think he is a good business man.

Wise. Wiseup.

MB has achieved very little over the past 5 years.

He is worn out. Listen to interviews, repeating the same rubbish for years.

If you can point to me his achievements and answer why the locals are refusing to grant LP then I will stop going on about MB.

As sir Alan would say who is responsible for the failure of this task.

HE HASN'T ACHIEVED ANYTHING FOR THE PAST 5 YEARS WHAT MAKES YOU THINK HE WILL NEXT YEAR.

No one is playing any games. Just fact check the situation we are in.

Been stuck here for 5 years with same old story every year

We all said same thing last year. Still no oil.

Just ask the question why are the locals opposing. The answer is MB.

The only thing he has achieved is found Oil next to an operating oil field. Which he ruined by not getting a permit..

No Lp

No DQE deal

No PC facilities contract

No revenue

So in total his achievements are 0